Morningstar - OzForex Group (OFX) OFX Group has opportunities to gain share with its low-cost, user-friendly online FX platform.

Report

Morningstar

Chanaka Gunasekera

EUR 100.00 For Business Accounts Only

OFX Group has opportunities to gain share with its low-cost, user-friendly online FX platform.

Our fair value estimate for no-moat OFX Group increases moderately to AUD 1.70 per share from AUD 1.60 after release of its fiscal 2018 results. This increase is mainly a consequence of rolling forward our DCF model one year, with OFX Groupâ€™s bottom-line results generally in line with expectations. Net profit after tax of AUD 18.7 million was modestly better than our forecast of AUD 17.9 million, but the dividend of AUD 5.4 cents per share for fiscal 2018 was slightly less than our forecast of A...

21/09/2018 13 EN

Underlying

OzForex Group

OFX Group is engaged in the provision of international payments and foreign exchange services. Co. offers fast international money transfers at competitive rates for individuals & businesses. Co.'s two products are international payment services and international payment solutions. International payment services are monitored by geographic region (based on client location) and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX Technology platform; client service; compliance sophistication; banking relationships; and payments capabilities.

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AU000000OFX5 Australian Securities Exchange Australia

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Chanaka Gunasekera

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OFX Group has opportunities to gain share with its low-cost, user-friendly online FX platform.

OFX Group Limited: 1 director

OFX Completes C$90m Acquisition of Canadian Corporate Foreign Exchange Business Firma Foreign Exchange Corporation (Firma)

OFX to Acquire 100% of Canadian Corporate Foreign Exchange Business Firma Foreign Exchange Corporation (Firma)

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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