OTC Markets Group (OTCM)

Business description

OTC Markets Group operates the OTCQX, OTCQB and Pink financial markets for c 10,000 US and global securities. Its trading system, OTC Link ATS, is operated by OTC Link LLC, a member of FINRA and is an SEC-regulated Alternative Trading System.

Stock data

Market cap.US$289m
Last closeUS$25.30
High / Low (52 weeks)US$32.0 / US$19.2
Stock market listingUS
Forecast net cash (US$m)25.6
Forecast gearing ratio (%)N/A

Price performance

Relative *(8.6)(4.4)13.9

* % Relative to local index

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Company news

OTC Markets Group Marks First Canadian-listed Regulation A+ Offering on its ...

Thu, 01 Feb 2018 15:00:00 GMT

OTC Markets Group Announces Agenda for OTCQX Banks Virtual Investor Conference ...

Fri, 02 Feb 2018 13:30:00 GMT

OTC Markets Group Welcomes Mineral Mountain Resources Ltd. to OTCQX

Tue, 13 Feb 2018 12:00:00 GMT

OTC Markets Group Adds BMO InvestorLine as Distributor of Real-Time Level 1+ ...

Thu, 25 Jan 2018 16:11:29 GMT

OTC Markets Group Welcomes BNK Petroleum to OTCQX

Fri, 26 Jan 2018 12:00:00 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 49.9 18.6 16.9 88.3 28.7 N/A
2016A 50.9 18.5 16.9 105.8 23.9 N/A
2017E 54.4 19.7 18.3 106.2 23.8 N/A
2018E 57.6 21.2 19.8 107.2 23.6 N/A

Last updated on 18/01/2018

Investment summary

OTC Markets Group’s (OTCM) third-quarter results announced in November showed further progress with pre-tax profits up by 4% versus Q316, despite a 10% increase in operating expenses to support IT systems and new services. OTCQX and OTCQB received Blue Sky recognition from a further two states, taking the total to 27 for OTCQX. Strategic alliances have been established that should help extend OTCM’s geographical reach and broaden the services offered to corporate clients.

Last updated on 02/02/2018

Industry outlook

OTCM maintains its focus on providing “less painful” market access to corporates, an attractive offering to broker dealers and transparency to investors. To this end, it announced a strategic alliance with the Canadian Stock Exchange that will facilitate access to North American markets by international companies, while another with Issuer Direct will allow corporates convenient access to communication and compliance services. In a move to provide an additional trading option for broker-dealer subscribers, OTCM is to launch an Electronic Communications Network before the end of the year.

Last updated on 02/02/2018

Key management

Cromwell Coulson , CEO
Bea Ordonez, CFO

Company address

304 Hudson Street
2nd Floor
New York
NY 10013
United States
+1 212.896.4400
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