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$284.4m
Last closeUS$24.90
High / Low (52 weeks)US$32.0 / US$19.1
Stock market listingUS
Forecast net cash (US$m)25.6
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(8.8)0.629.4
Relative *(9.6)(6)9.4

* % Relative to local index

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Company news

OTC Markets Group: The Beat Goes On

Thu, 16 Nov 2017 20:10:27 GMT

OTC Markets Group Welcomes Anglo American to OTCQX

Mon, 20 Nov 2017 12:00:00 GMT

OTC Markets Group Welcomes Wayne Savings Bancshares to OTCQX

Fri, 17 Nov 2017 12:00:00 GMT

OTC Markets Group Welcomes Lombard Medical to OTCQX

Thu, 09 Nov 2017 14:16:19 GMT

OTC Markets Group Welcomes California First National Bancorp to OTCQX

Mon, 13 Nov 2017 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 28.2 N/A
2016A 50.9 18.5 16.9 105.8 23.5 N/A
2017E 54.4 19.7 18.3 106.2 23.4 N/A
2018E 57.6 21.2 19.8 107.2 23.2 N/A

Last updated on 16/11/2017

Investment summary

OTC Markets Group’s (OTCM) third quarter results 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 16/11/2017

Industry outlook

The pick-up in new company sign-ups at the start of the current year is encouraging and if higher market levels are sustained this should also be helpful for OTCM. There are general geopolitical, regulatory and market risks to the outlook, but OTCM's well-established network and cost-effective offering are positive features for the longer term. OTCM's Q3 results are due to be released on 8 November.

Last updated on 02/11/2017

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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