お知らせ • Nov 02
Nearmap announces new advancements and newmap Property vision to Make Industry Data More Accessible to Insurance Carriers Nearmap announced new advancements in its effort to make accurate, up-to-date property information more accessible to all insurers through the launch of its new product, Nearmap PropertyVision. With Nearmap PropertyVision, physical property reviews are transformed into an easy-to-use web application, delivering extensive analytics data all in one place. The online platform marks a shift from physical to virtual--augmenting market-leading APIs for data scientists and automated pre-fill applications. This innovation allows carriers to engage in detailed property reviews through sharp aerial imagery and AI-derived property insights, making it possible for carriers to make more timely, educated decisions about the properties they ensure. This new interface makes data more accessible to underwriters and adjustors, not just the data science department--ensuring access to key data points including current and historical aerial imagery, roof condition scores, post-catastrophe aerial imagery and AI data. The release of PropertyVision comes on the heels of several insurance-focused property innovations from Nearmap, allowing for greater accessibility to the most up-to-date property intelligence insights for insurers. These innovations include: Nearmap Fire Risk AI: Nearmap Fire Risk AI helps insurers rapidly assess and understand the fire vulnerability of a given property. Carriers can rely on Nearmap Fire Risk AI to understand property vulnerability and inform wildfire risk assessments. Powered by Nearmap imagery, the solution provides insurers with information on the defensible space related to 15+ property attributes--including vegetation, bodies of water, wooden decking, 3D data and third-party data from the USDA and USGS. ImpactAssessment AI facilitates detailed examinations of property conditions post-disaster by providing insurers with a robust collection of AI-derived condition and damage data attributes on specified properties. Insurers can use the data--including roof damage, temporary and permanent repairs, structural damage, debris, destruction, and more--to analyze and assess vast amounts of incoming post-catastrophe claims more quickly and accurately. Advanced AI Viewer: Users can now utilize Nearmap MapBrowser to view AI features as raster and vector layers, enabling them to experience the full power of the 500+ AI attributes without IT support or API integration. Reported Earnings • Aug 19
Full year 2022 earnings released: AU$0.062 loss per share (vs AU$0.039 loss in FY 2021) Full year 2022 results: AU$0.062 loss per share (down from AU$0.039 loss in FY 2021). Revenue: AU$146.0m (up 29% from FY 2021). Net loss: AU$30.8m (loss widened 64% from FY 2021). Over the next year, revenue is forecast to grow 24%, compared to a 41% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 27
Independent Non-Executive Chairman recently sold AU$666k worth of stock On the 21st of April, Peter Richard James sold around 488k shares on-market at roughly AU$1.37 per share. This was the largest sale by an insider in the last 3 months. Peter Richard has been a seller over the last 12 months, reducing personal holdings by AU$467k. Recent Insider Transactions • Mar 22
Independent Non-Executive Chairman recently bought AU$98k worth of stock On the 18th of March, Peter Richard James bought around 81k shares on-market at roughly AU$1.22 per share. This was the largest purchase by an insider in the last 3 months. Peter Richard has been a buyer over the last 12 months, purchasing a net total of AU$199k worth in shares. Reported Earnings • Feb 18
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: AU$0.024 loss per share (down from AU$0.02 loss in 1H 2021). Revenue: AU$67.6m (up 24% from 1H 2021). Net loss: AU$11.9m (loss widened 27% from 1H 2021). Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 26%, compared to a 30% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Feb 17
No longer forecast to breakeven The 6 analysts covering Nearmap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$11.0m in 2024. New consensus forecast suggests the company will make a loss of AU$2.85m in 2024. Breakeven Date Change • Sep 23
Forecast to breakeven in 2024 The 6 analysts covering Nearmap expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$12.8m in 2024. Average annual earnings growth of 67% is required to achieve expected profit on schedule. Reported Earnings • Aug 22
Full year 2021 earnings released: AU$0.039 loss per share (vs AU$0.081 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$113.4m (up 17% from FY 2020). Net loss: AU$18.8m (loss narrowed 49% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Breakeven Date Change • Aug 19
Forecast breakeven moved forward to 2023 The 6 analysts covering Nearmap previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$6.86m in 2023. Average annual earnings growth of 60% is required to achieve expected profit on schedule. Recent Insider Transactions • May 11
Non Executive Director recently bought AU$929k worth of stock On the 7th of May, Ross Stewart Norgard bought around 500k shares on-market at roughly AU$1.86 per share. In the last 3 months, they made an even bigger purchase worth AU$1.0m. Insiders have collectively bought AU$1.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 02
Non Executive Director recently bought AU$1.0m worth of stock On the 30th of March, Ross Stewart Norgard bought around 500k shares on-market at roughly AU$2.04 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$211k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 18
Independent Non-Executive Chairman recently sold AU$810k worth of stock On the 15th of March, Peter James sold around 382k shares on-market at roughly AU$2.12 per share. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 17%, compared to a 23% growth forecast for the Software industry in Australia. Reported Earnings • Feb 17
First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.041 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$54.7m (up 18% from 1H 2020). Net loss: AU$9.39m (loss narrowed 50% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: AU$2.54 The company is up 8.0% from its price of AU$2.35 on 17 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.93 per share. Is New 90 Day High Low • Jan 11
New 90-day low: AU$2.01 The company is down 26% from its price of AU$2.71 on 14 October 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.99 per share. Is New 90 Day High Low • Nov 28
New 90-day low: AU$2.24 The company is down 27% from its price of AU$3.07 on 28 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.03 per share.