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$337m
Last closeUS$29.51
High / Low (52 weeks)US$32.0 / US$17.8
Stock market listingUS
Forecast net cash (US$m)24.5
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual28.325.663.0
Relative *25.522.641.4

* % Relative to local index

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Company news

OTC Markets Group Inc. to Present at the Sidoti & Company Fall 2017 Convention

Tue, 19 Sep 2017 11:03:45 GMT

OTC Markets Group Welcomes Beleave to OTCQX

Wed, 20 Sep 2017 11:03:41 GMT

OTC Markets Group Welcomes Dragon Jade to OTCQX

Thu, 21 Sep 2017 10:52:30 GMT

OTC Markets Group Welcomes Leagold Mining to OTCQX

Fri, 15 Sep 2017 10:52:30 GMT

OTC Markets Group Welcomes Torq Resources to OTCQX

Mon, 18 Sep 2017 10:52:30 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 33.4 N/A
2016A 50.9 18.5 16.9 99.3 29.7 N/A
2017E 54.8 20.3 18.7 103.0 28.7 N/A
2018E 57.2 21.2 19.5 105.8 27.9 N/A

Last updated on 25/08/2017

Investment summary

OTC Markets Group (OTCM) provides regulated marketplaces offering a cost-effective solution for targeting US investors. Q2 results were ahead of our expectations, with a 3% revenue beat (9% ahead of Q216) translating into operating profits nearly 10% above our estimate: evidence of the potential operational gearing present in the business. We have increased our pre-tax profit estimates by 6% and 8% for this year and next while, on a longer view, the continued increase in the number of states that grant OTCM markets Blue Sky recognition should increase the appeal of these cost-effective trading venues to corporates.

Last updated on 06/09/2017

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.

Last updated on 06/09/2017

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
View website