Change Financial Ltd (CCA) AI Stock Analysis

• Market Cap: AU$47.64M
• Dividend Yield: N/A
• Average Volume (3M): 269.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: 43.85%
• EPS Growth: 29.03%
• Country: AU
• Employees: 79
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): <0.01
• Shares Outstanding: 690,453,000
• 10 Day Avg. Volume: 80,247
• 30 Day Avg. Volume: 269,698
• PEG Ratio: 0.46
• Price to Book (P/B): 8.73
• Price to Sales (P/S): 4.06
• P/FCF Ratio: 81.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): <0.01
• Revenue Forecast (FY): AU$27.33M

• Rating: 45 Neutral
• Price Target: AU$0.07 ▲(2.86% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. While the company shows revenue growth and a strong balance sheet, profitability challenges and bearish technical indicators weigh heavily on the score. The negative P/E ratio and lack of dividend yield further impact the valuation negatively.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates a successful expansion of its market reach and product adoption, which is crucial for long-term business sustainability.

Balance Sheet Health

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities without excessive risk.

Cash Flow Improvement

Improved free cash flow growth enhances the company's liquidity position, enabling it to fund operations and strategic initiatives more effectively.

Negative Factors

Profitability Challenges

Ongoing profitability challenges could hinder the company's ability to reinvest in its business and compete effectively, impacting long-term growth prospects.

Decreasing Gross Profit Margin

A declining gross profit margin indicates rising costs or pricing pressures, which could erode profitability and affect the company's competitive positioning over time.

Low Operating Cash Flow

Weak operating cash flow suggests that the company may face challenges in generating sufficient cash from its core operations, potentially limiting its ability to fund growth and manage financial obligations.

Change Financial Ltd Business Overview & Revenue Model

Company Description

Change Financial Limited, a fintech company, offers payment-as-a-service solutions in South East Asia, Oceania, Latin America, the United States, and internationally. It provides Vertexon PaaS, a physical and virtual card issuing and transaction processing platform; and PaySim, payment testing solution. The company was formerly known as ChimpChange Limited and changed its name to Change Financial Limited in July 2017. Change Financial Limited was incorporated in 2011 and is based in Brisbane, Australia.

How the Company Makes Money

Change Financial Ltd generates revenue primarily through transaction fees associated with its payment processing services. Every time a transaction is processed through its platform, CCA earns a percentage of the transaction amount. Additionally, the company offers premium services to businesses, such as customized payment solutions and analytics tools, which contribute to its revenue streams. Partnerships with financial institutions and other fintech companies also play a crucial role in expanding its market reach and driving revenue growth. The company may also explore subscription models for certain services, providing a steady income stream from clients seeking ongoing access to its advanced financial solutions.

Change Financial Ltd Financial Statement Overview

Summary

Change Financial Ltd is experiencing growth in revenue and improvements in cash flow, but profitability remains a challenge. The company has a strong balance sheet with low leverage, which provides stability. Continued focus on improving margins and cash flow generation will be crucial for future financial health.

Income Statement

Change Financial Ltd has shown a positive revenue growth rate of 12.43% in the latest year, indicating a growing business. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has decreased from the previous year, suggesting increased cost pressures.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.06, indicating conservative leverage and financial stability. However, the negative return on equity highlights ongoing profitability challenges. The equity ratio is strong, suggesting a solid capital structure.

Cash Flow

There is a significant improvement in free cash flow growth, which is a positive sign for liquidity. The operating cash flow to net income ratio is low, indicating that cash generation from operations is not yet robust. However, the free cash flow to net income ratio is close to 1, suggesting efficient cash management relative to net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.36M	15.02M	10.51M	8.71M	8.32M	6.31M
Gross Profit	3.28M	4.09M	3.89M	2.42M	695.31K	564.95K
EBITDA	-2.14M	-785.36K	-621.17K	-1.26M	-2.53M	-2.31M
Net Income	-2.77M	-1.94M	-2.57M	-2.92M	-3.77M	-3.48M
Balance Sheet
Total Assets	15.96M	18.03M	12.94M	15.30M	10.35M	12.72M
Cash, Cash Equivalents and Short-Term Investments	3.49M	3.91M	2.59M	5.35M	1.50M	4.02M
Total Debt	293.26K	424.06K	156.93K	136.25K	1.29M	561.76K
Total Liabilities	8.98M	11.04M	7.07M	6.86M	7.00M	5.70M
Stockholders Equity	6.98M	6.99M	5.88M	8.44M	3.34M	7.02M
Cash Flow
Free Cash Flow	229.74K	747.41K	-2.39M	-3.12M	-4.08M	-3.02M
Operating Cash Flow	294.78K	795.05K	-464.97K	-1.59M	-2.64M	-2.32M
Investing Cash Flow	-2.15M	-2.05M	-2.09M	-1.80M	-1.26M	-5.17M
Financing Cash Flow	2.78M	2.76M	-102.15K	6.89M	710.79K	7.56M

Change Financial Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CCA, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CCA.

Change Financial Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COS	66 Neutral	AU$81.44M	10.22	10.79%	4.85%	14.59%	-11.13%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CCR	61 Neutral	AU$134.02M	33.33	5.74%	―	11.72%	―
KYP	57 Neutral	AU$135.65M	114.81	4.26%	―	11.90%	42.11%
CCG	46 Neutral	AU$39.30M	-45.00	-1.89%	3.45%	2.06%	-277.78%
CCA	45 Neutral	AU$47.64M	-15.68	-13.21%	―	43.85%	29.03%
EML	41 Neutral	AU$321.81M	-5.79	-32.98%	―	-5.87%	-540.18%

Change Financial Ltd Corporate Events

Change Financial Ltd Announces Director’s Interest Update

Change Financial Ltd announced a significant change in the interests of its director, Thomas Russell, with the issuance of 4,500,000 Performance Rights following the approval of Resolution 6 at the 2025 Annual General Meeting. This change reflects the company’s ongoing commitment to aligning its leadership’s interests with its strategic objectives, potentially impacting its market positioning and stakeholder confidence.

Change Financial Issues 25.95 Million Unquoted Share Rights

Change Financial Limited announced the issuance of 25,950,000 unquoted share rights under an employee incentive scheme. This move is part of the company’s strategy to incentivize employees and align their interests with the company’s growth objectives, potentially impacting its operational dynamics and stakeholder engagement.

Change Financial Secures Shareholder Support at 2025 AGM

Change Financial Limited announced that all motions proposed at their 2025 Annual General Meeting were passed by poll, indicating strong shareholder support for the company’s strategic direction. The resolutions included the adoption of the remuneration report, election and re-election of directors, approval for issuing securities under the performance rights plan, and the grant of executive director performance rights. This outcome reflects confidence in the company’s leadership and its future plans, potentially enhancing its market position and stakeholder trust.

Change Financial Ltd Advances in Payment Solutions with Strong Q1 FY26 Performance

Change Financial Ltd’s Q1 FY26 investor presentation highlights their continued innovation in the payments sector, with a significant portion of revenue derived from digital and physical card issuing and transaction processing. The company’s strategic focus on leveraging proprietary technology to provide tailored solutions positions them strongly within the banking and payments ecosystem, potentially enhancing their market presence and stakeholder value.

Change Financial Ltd Reports Record Revenue and Strategic Growth in Q1 FY26

Change Financial Ltd reported a strong first quarter for FY26, with record revenue of US$4.6 million, marking a 25% increase from the previous year. The company achieved a positive net cash flow from operating activities and demonstrated significant operating leverage. New sales of Vertexon and PaySim licenses contributed to this growth, alongside a robust sales pipeline and ongoing product development. The company’s strategic focus on simplifying operations and targeting growth regions has resulted in increased client adoption and future revenue potential.

Change Financial Unveils Q1 FY26 Reports and New Investor Hub

Change Financial Limited announced the release of its Quarterly Activities Report and Cashflow Report for Q1 FY26, alongside the launch of a new Investor Hub. This initiative aims to enhance shareholder engagement by providing a centralized platform for ASX announcements, shareholder news, and company updates. The launch of the Investor Hub is expected to strengthen Change Financial’s communication with its stakeholders, allowing for better interaction and understanding of the company’s developments.

Change Financial Ltd Announces Cessation of Securities

Change Financial Ltd announced the cessation of certain securities, including 500,000 options and 100,000 share rights, due to expiry and unmet conditions, respectively. This update may impact the company’s capital structure and could influence investor perceptions regarding its financial strategies and market positioning.

Change Financial Ltd Announces Cessation of Share Rights

Change Financial Ltd has announced the cessation of 2,700,000 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic positioning in the financial services industry.

Change Financial Announces AGM Date and Director Nominations

Change Financial Limited has announced that its Annual General Meeting (AGM) will be held on November 20, 2025, with the election of directors as a key agenda item. Nominations for director positions are open until October 1, 2025. Further details about the AGM will be provided to shareholders in due course. This announcement is part of Change Financial’s ongoing efforts to maintain transparency and engage with its stakeholders, reflecting its commitment to governance and strategic leadership in the fintech industry.

Change Financial Ltd Director Increases Shareholding

Change Financial Ltd announced a change in the director’s interest, with Thomas Russell converting 1,000,000 performance rights into ordinary class shares, increasing his direct shareholding to 3,100,000 shares. This conversion, approved at the 2024 Annual General Meeting, reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting the company’s market perception and stakeholder confidence.

Change Financial Issues Shares to Employees Through Performance Rights Conversion

Change Financial Limited has issued 3,600,000 fully paid ordinary shares to employees through the conversion of performance rights, as announced on September 8, 2025. This issuance was done without a prospectus or product disclosure statement, in compliance with relevant sections of the Corporations Act. The announcement signifies a strategic move to reward and incentivize employees, potentially enhancing company operations and aligning employee interests with company performance.

Change Financial Limited Announces Quotation of New Securities on ASX

Change Financial Limited has announced the quotation of 3,600,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from September 8, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional value to its stakeholders through increased liquidity and potential capital growth.