Search Follow us

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$336.2m
Last closeUS$29.20
High / Low (52 weeks)US$32.0 / US$23.0
Stock market listingUS
Forecast net cash (US$m)26.6
Forecast gearing ratio (%)N/A

Price performance

Relative *(2.4)4.02.4

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Allied Minds Alpha Strategic
Amlin APQ Global
Arbuthnot Banking Group Arden Partners
Ashford Ashford Hospitality Trust
Ashmore Group Atlantis Japan Growth Fund
Attica Bank Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
BlackRock Emerging Europe Braemar Hotels & Resorts
Brewin Dolphin Brightside Group
Catlin Group Cenkos Securities
ChimpChange Circle Holdings
City of London Group Collins Stewart
Consus Real Estate Corestate Capital Holding
Covercy Curtis Banks
DeA Capital Deutsche Börse
Deutsche Grundstücksauktionen DF Deutsche Forfait
Empiric Student Property Ernst Russ
Experian Fairpoint Group
FBD Holdings Ferratum Oyj
FinLab Gable Holdings
Gartmore Group GCP Student Living
German Startups Group GLI Finance
Grand City Properties Hardy Underwriting
Hargreaves Lansdown Heartland New Zealand
Helphire Henderson Group
Hiscox HSBC Holdings
ICAP ICG-Longbow Senior Secured UK Property Debt Investments Ltd
IE Financial IFG Group
IG Group Impax Asset Management
International Personal Finance Is Yatirim Menkul Degerler
JDC Group John Laing Group
Jupiter Fund Management Lancashire Holdings
Lighthouse Group Liontrust Asset Management
Lloyd Fonds London Stock Exchange Group
MAN Group Market Tech Holdings
Mattioli Woods MCB Finance Group
MPC Capital MyBucks
NEOVIA Financial Noratis
Novae Group Numis Corporation
Nurnberger Beteiligungs Oakley Capital Investments
Ocean Capital Oekoworld
Omega Insurance Holdings Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Prudential
publity Quayle Munro Holdings
Randall & Quilter Investment Holdings RCM Beteiligungs
Record Rensburg Sheppards
RSM Tenon S&U
Sanlam Securities UK Scherzer & Co
Schroders Secure Trust Bank
Share Shore Capital Group
St. James's Place Supermarket Income REIT
Syndicate Asset Management Tawa
The Dolphin Square Charitable Foundation Town Centre Securities
Tungsten Corporation Umweltbank
Volta Finance Warsaw Stock Exchange
WH Ireland WorldSpreads Group

Company news

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2016A 50.9 18.5 16.9 92.4 31.6 15.2
2017A 54.7 19.7 18.4 109.9 26.6 15.7
2018E 57.3 20.2 19.2 131.6 22.2 15.3
2019E 60.1 21.5 20.5 137.4 21.3 14.8

Last updated on 19/07/2018

Investment summary

First quarter gross revenues increased by 7% versus Q117, with the strongest growth (+10%) seen in the Corporate Services segment - contributors included the higher number of OTCQB clients (+2.5%), pricing and accelerated revenue recognition relating to departing OTCQX clients (21 graduated to a national securities exchange vs 11). Market Data Licensing was up 7%, reflecting price increases and take-up of compliance data products; the number of professional data users was little changed. The group operating margin was maintained at 33% and pre-tax profits increased by 7%. After a sharply lower tax charge (of 18% vs 28%), fully diluted EPS were up 19% to $0.31 while a maintained quarterly dividend of $0.14 was announced. OTCM Q218 results are likely to be announced in early August.

Last updated on 27/07/2018

Industry outlook

OTCM continues to gain greater regulatory recognition for its premium markets working with state regulators, while encouraging corporate transparency and facilitating data availability. This does not feed directly to revenues but Corporate Services should see benefits over time. Market Data Licensing has also made progress providing access to data on the 10,000-plus securities quoted on OTC Link ATS in various forms to a wide range of users.

Last updated on 27/07/2018

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
View website