Argus Analysis Initiates Equit – GuruFocus.com

NEW YORK, Aug. 25, 2022 /PRNewswire/ — Argus Analysis, an impartial funding analysis agency, has launched Fairness Analysis Report protection on OTC Markets Group Inc. (OTCQX: OTCM)

Click on Right here to view full Argus Fairness Analysis Report.

COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) embrace:

OTCM: Working Regulated Markets to Facilitate Buying and selling and Transparency Amongst Stakeholders

• In our view, OTC Markets Group has constructed a sturdy suite of technology-driven services that influence a big selection of stakeholders throughout the monetary market worth chain. The corporate serves company issuers, broker-dealers and regulators concerned within the OTC securities market.
• Importantly, a lot of the corporate’s income base is derived from subscriptions. Its premium Company Providers merchandise, OTCQX and OTCQB, have seen greater than 90{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} retention charges lately, which we expect mitigates the traditional volatility throughout numerous monetary market circumstances. Regardless of a balanced income combine between its three complementary working models, we see robust continued development prospects for Company Providers, which is supported by strong consumer retention, optimistic pricing developments and an increasing subscriber base, notably amongst worldwide entities.
• We view positively OTC Markets’ historical past of robust money movement technology, and a shareholder-friendly technique of returning capital to traders via each common and particular dividends, in addition to via share repurchases. Since 2020, the corporate has returned greater than $50 million via dividends and share repurchases.
• Yr-to-date, OTCM shares have declined at a fee close to that of the broader market, and we consider that OTC Markets Group’s fundamentals stay robust. The shares are at the moment buying and selling at roughly 22-times our 2022 EPS estimate of $2.52, which we view as under roughly 28-times for a peer group of monetary fairness change operators and knowledge suppliers. Given the operational execution, robust stability sheet, and inherent EPS leverage with solely 11.9 million shares excellent, we expect the shares ought to commerce extra in step with its friends. As such, we see a good worth estimate of $69.00 per share, above the present stage close to $55.00.

INVESTMENT THESIS: Click on Right hereto view full Argus Fairness Analysis Report and Funding Thesis.

OTC Markets Group Inc. (OTCQX: OTCM) www.otcmarkets.com

New York-based OTC Markets Group Inc., whose predecessor entities date again to 1904, operates regulated markets for buying and selling 12,000 U.S. and worldwide securities. The corporate has three enterprise strains: OTC Hyperlink, which operates SEC regulated different buying and selling methods, offering buying and selling companies to broker-dealer subscribers together with citation, messaging and commerce execution and reporting companies; Market Knowledge Licensing, which gives actionable market and compliance knowledge for a large spectrum of securities through licenses to its subscribers; and Company Providers, which operates the OTCQX and OTCQB markets and gives companies to consumer firms designed to advertise public disclosure, transparency and communications with traders.

For extra data please contact:

Antonia Georgieva
Chief Monetary Officer
Cellphone: 212-220-2215
Electronic mail: [email protected]

About Argus Analysis Corp.

Headquartered in NYC, Argus Analysis (www.argusresearch.com) is a number one impartial fairness analysis agency (est. 1934) ̶ offering basic and quantitative analysis protection on greater than 1,600 firms throughout all 11 sectors of the S&P 500, in addition to macroeconomic and fairness market forecasts, thematic analysis, mannequin portfolios and IPO analysis. As well as, Argus has lately dedicated to offering a sponsored analysis answer for small & mid-cap firms in search of protection. Argus’s Fairness Analysis & earnings estimates can be found on main analysis / earnings estimate aggregator platforms, together with Bloomberg, Thomson Reuters, Factset and S&P World.

For extra Data please contact:

Darrell Stone
646-747-5438
[email protected]

Argus Analysis Co. has obtained a flat price from the corporate mentioned on this report as a part of a Sponsored Analysis settlement between Argus and the corporate. No a part of Argus Analysis’s compensation is straight or not directly associated to the content material of this evaluation or to different opinions expressed on this report. Please check with the total Argus report and the disclaimer for full disclosures.

View authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/argus-research-initiates-equity-research-report-coverage-on-otc-markets-group-inc-otcqx-otcm-301612150.html

SOURCE Argus Analysis