OTC Markets Group

US: OTCM

$392.2m market cap

$33.75 last close

OTC Markets Group operates the OTCQX, OTCQB and Pink financial markets for over 10,000 US and global securities. OTC Link LLC, a member of FINRA, operates OTC Link ATS and OTC Link ECN, both SEC-registered Alternative Trading Systems.

Investment summary

OTC Markets Group operates the OTCQX, OTCQB and Pink financial markets for over 10,000 US and global securities. OTC Link LLC, a member of FINRA, operates OTC Link ATS and OTC Link ECN, both SEC-registered Alternative Trading Systems. Approximately 87% of revenues are subscription based and recurring. In this video, CFO Bea Ordonez discusses the Q319 results and talks about developments in the group and the challenges and opportunities it is addressing.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2017A 54.7 19.7 18.4 105.8 31.9 18.1
2018A 59.3 20.7 19.8 136.3 24.8 16.0
2019E 62.8 19.4 18.1 125.9 26.8 17.3
2020E 66.6 22.4 21.0 142.3 23.7 15.1
Industry outlook

The reduction in Q2 earnings should be seen in the context of the company’s successful long-term development of its cost-effective, transparent markets. This is a year in which it is investing in technology, acquisitions and staff, as well as moving into a new HQ. OTCM remains consistent in its commitment to developing its markets and enhancing its offering to corporate clients and market users which should underpin continued longer-term growth. OTCM’s Q319 earnings release is due 5 November with an earnings call the following day.

Last updated on 04/12/2019
Share price graph
Balance sheet
Forecast net cash (US$m) 26.8
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 0.1 (0.7) 12.4
Relative* (1.0) (6.3) (2.5)
52-week high/low US$40.0/US$27.5
*% relative to local index
Key management
Cromwell Coulson CEO
Bea Ordonez CFO

Content on OTC Markets Group