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Absolute Software CorporationNasdaqGS:ABST Voorraadrapport

Marktkapitalisatie US$608.9m
Prijs aandeel
n/a
US$9.05
n.v.t.intrinsieke korting
1Y24.2%
7D0.2%
1D
Portefeuillewaarde
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Absolute Software Corporation

NasdaqGS:ABST Voorraadrapport

Marktkapitalisatie: US$608.9m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Absolute Software (ABST) Aandelenoverzicht

Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. Meer informatie

Beloningen

Verhandeld tegen 75.7% onder onze schatting van de reële waarde

De winst zal naar verwachting met 87.94% per jaar groeien

Risicoanalyse

Negatief eigen vermogen

Rentebetalingen worden niet goed gedekt door de winsten

Aandeelhouders zijn het afgelopen jaar verwaterd

Dividend van 2.04% wordt niet goed gedekt door de winst


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Absolute Software Corporation Concurrenten

Prijsgeschiedenis en prestaties

Overzicht van hoogtepunten, dieptepunten en veranderingen in de aandelenkoersen voor Absolute Software
Historische aandelenkoersen
Huidige aandelenkoersCA$11.49
52 Week HoogtepuntCA$12.59
52 Week LaagCA$7.39
Bèta0.36
1 maand verandering1.50%
3 maanden verandering47.69%
1 Jaar Verandering24.22%
3 jaar verandering-2.91%
5 jaar verandering99.66%
Verandering sinds IPO140.08%

Recent nieuws en updates

Recent updates

Seeking Alpha • Oct 20

Absolute Software declares CAD 0.08 dividend

Absolute Software (NASDAQ:ABST) declares CAD 0.08/share quarterly dividend, in line with previous. Forward yield 2.1% Payable Nov. 25; for shareholders of record Nov. 17; ex-div Nov. 16. See ABST Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 04

Absolute Software: Rising Star In The $240.27 Billion Cybersecurity Industry

Summary The 6-month performance of SP500 is -22.09 while that of Absolute Software Corporation is +32.23%. Growth potential is the top factor when evaluating the investment quality of a stock. Absolute Software’s negative EPS is likely because it is offering its cybersecurity products at very low subscription fees. It might also be spending big on marketing to attract more Tier-1 customers/partners. Absolute Software Corporation's 20-year average revenue CAGR is 23%. It is outperforming Microsoft and Adobe. A global recession is probably coming. The World Bank is hinting that a recession could be possible because of rising inflation and tightening financial policies. The stock performance of Absolute Software Corporation (ABST) should inspire us all that many investors remain optimistic. ABST's 6-month performance is 32.23%, notably outperforming SP500's -22.09% and DJI's -18.46%. Absolute Software could deliver revenue CAGR of 30% or higher. Seeking Alpha Premium The old favorites Microsoft (MSFT) and Adobe (ADBE) have -30% to -50% YTD price performance. ABST's YTD is 23.38%. This bullish vibe is thanks to Absolute Software's recent 65% YoY revenue performance for F2022. The Quantitative rating algorithm of Seeking Alpha gives ABST a Growth grade of C+. I attribute this to Absolute Software being a Canadian company. It is only recently that Seeking Alpha went big on Canadian tickers. Based on the chart below, Seeking Alpha's quantitative AI platform has not yet incorporated the 5-year growth CAGR numbers of ABST. Seeking Alpha Premium Compare the chart above to the two-decade annual sales performance of ABST. Absolute Software should be in your radar because its 20-year average revenue CAGR is 23.06%. FinanceChartsDotCom Invest On Small, Fast-Growing Software Company Compared to its much larger SaaS peers, ABST is emerging as the new fast-growth investment. The 3-year revenue CAGR of ABST is 25.88%. This is more impressive than Microsoft's 16.36% or Adobe's 17.33%. Seeking Alpha Premium Why am I comparing the tiny ABST against giants MSFT and ADBE? The small ones always have the greater growth potential because the giants are already peaking. This reality is why people dumped their MSFT and ADBE shares this year. Those giants are falling hard because they can no longer sustain the high growth expectations of traders/investors. Downside Potential Due to its small size, Absolute Software's bottom line will suffer for years to come. We invest in small promising companies because of their future growth potential. We speculate that they might become multi-bagger winners three or five years from now. ABST might suffer net losses for the next few years. Its 20-year net income chart below shows it never was a consistently profitable company. This should not be a dealbreaker. Most Investors still put growth potential as the no. 1 factor when it comes to evaluating stocks. FinanceCharts Absolute Software reported a net loss of $5 million for Q4 F2022. The stock still shot up +17% right after its August 23 ER. A multitude of traders and investors are in love with that amazing +65% YoY growth in revenue. Going forward, there's the risk that ABST might lose its favored status from investors if it delivers less than 23% YoY revenue CAGR. High Growth Is Sustainable It is relatively small, but Absolute Software Corporation has a diverse portfolio of cybersecurity software products. I am just a computer technician/graphic designer, but I'm already impressed by that "self-healing'' Zero Trust ecosystem. ABST can sustain its average 20-year revenue CAGR of 23%. Absolute Software can monitor, secure, and recover any device wherever it is located. ABST is a buy because it allows companies/organizations to become the 24/7 Big Brother to their employees' computers, smartphones, and tablets. It could be unethical, but salaried men are subject to their employers' whims and paranoia. Companies and organizations issue free take-home laptops and other computing devices to their employees. They come with pre-installed cybersecurity/monitoring software. This reality is why the cybersecurity industry became a $217.9 billion opportunity last year. It is expected to grow into a $345.4 billion business by 2026. Statista Premium Standing On The Shoulder of Giants Absolute Software, therefore, is involved in a fast-growing industry. Its endpoint security products/solutions won over the trust of Microsoft and dozens more computing-related giants. Even China-based Lenovo (LNVGY, LNVGF) is using the self-healing Zero Trust platform of Absolute Software. The investment quality of ABST is greatly enhanced by its long list of A1-tier customers. Absolute Software Corporation Lenovo and those other brands above that make PCs and smartphones/tablets are using Absolute Software's Application Persistence product. The screenshot below explains why Absolute Software-protected computers are attractive to corporate IT buyers. They can tell Lenovo or HP Inc. (HPQ) to deliver desktop or laptops with pre-installed Absolute Software's Absolute APaaS (Application Persistence as a Service) product. Absolute Software Corp. Top PC manufacturers could be the major contributors to ABST's $209.5 ARR (annual recurring revenue). Final Thoughts ABST is a small but rising star in the cybersecurity software industry. Aggressive low pricing is why could again deliver a 65% YoY revenue growth for F2023. I am already happy with its 20-year average CAGR of 23%. Any company that could do 20% sales growth rate is already a high-growth star. Value-wise, ABST is trading at 2.95x TTM Price/Sales ratio. This is reasonable if you compare it to MSFT's 8.81x.
Seeking Alpha • Sep 16

Absolute Software: Blistering Growth With A $47B Remote Work Opportunity

Summary Absolute Software is a leading cybersecurity company that tracks "endpoint" devices such as employee PCs. Its platform consists of best-in-class technology and the company has over 170 patents. The company has recently produced strong financial results for Q4 22 beating both top and bottom line growth estimates. Absolute Software (ABST) is a cybersecurity company that is a leader in the monitoring of employee PCs for enterprises and governments. The company has recently produced strong financials for Q4 '22 and beat analyst expectations for revenue and profit. The stock price has popped by 55% over the past few months on strong momentum. In this post I'm going to break down the company's patent-protected business model, its financials, and valuation, let's dive in. ABST data by YCharts Tech Business Model Absolute Software is a leading cybersecurity company that has created unique management software for endpoint visibility and security. An "endpoint" is basically the device that sits at the "end" of a network. This could be a PC, a laptop, tablet, or even a mobile phone. The global lockdown 2020 has caused a surge in remote working and this trend is set to continue. This is great for knowledge workers, but for IT administrators it can be a nightmare. These admins usually have full control of their network security and "endpoints" when inside the corporate office. However, as more employees work remotely the "attack surface" has widened and these admins have less control. Thus it's no surprise that the Secure Access market which consists of Virtual Private Networks [VPN] and Zero Trust Networks [ZTNA] is expected to expand. This industry is forecasted to grow at a rapid 31% compounded annual growth rate between 2021 and 2024, reaching $47 billion by the end of the period. TAM (Investor Presentation 2022) Absolute Software offers Secure Access solutions such as a VPN and ZTNA. However, its flagship software focuses on "secure endpoint" technology. This software enables the visibility, control, and "resilience" of endpoint devices. The "visibility" part of the platform is similar to "find my iPhone" by Apple, but more advanced. This enables employee PCs to be tracked if lost and gives the admin the control to lock them down and delete files remotely. Absolute even has its own "investigations team" which can recover a device if it falls into the wrong hands. Absolute Software is ideal for IT administrators who manage more than 50 end-point devices and want full visibility, which is more essential than ever given the remote working environment. Its patented technology called "Persistence" is unique from competitors. This software enables the platform to "self-heal" even if the hard drive is wiped or swapped by a hacker or thief. Absolute Software (Analyst Presentation Aug 2022) The second unique thing about Absolute is its software is built into many major PC types from Dell to HP and Samsung at the factory level, this gives them a significant advantage over competitors. The software is installed on most computers but just "asleep" and thus customers must buy a license to wake it up. The company also has a network of over 800 reseller partners and strategic partnerships with major carriers from Verizon and AT&T in the US, to BT in the UK. Commercial Ecosystem (Investor Presentation) Its solutions are popular in industry verticals that include government, schools, professional and financial services. At the time of writing, the software is active on over 13.6 million endpoints, across over 17,000 customers internationally. In addition, the company has over 170 patents which give them a competitive advantage over the competition. Absolute Software (Investor presentation) Growing Financials Absolute Software generated strong financial results for what the company refers to as Q4,2022. Revenue was $52.5 million, which beat analyst expectations by $903k and increased by a rapid 65% year over year. 97% of the company's revenue is recurring, which gives strong predictability overall. Total Annual Recurring Revenue was $209.5 million for the year, which increased by a blistering 70% year over year. This was driven by strong growth in the Enterprise and Government sector, whose ARR increased by 99% year over year for that vertical. Education makes up a smaller segment (22%) of its ARR, and this increased by 12% year over year. It was also fantastic to see Absolute Software makes 78% of its ARR from North America, which should help to shield them from the FX headwinds many global companies are facing due to a strong dollar. Finances (Earnings Report Q4,22) Net Dollar Retention Rate [NDR] was a solid 108% for Q4 '22 which means customers are finding the product "sticky" and spending more. This was also a 2% increase from the 106% NDR in the prior year. It should be noted that as Absolute Software is investing aggressively for growth and thus did produce a loss of $5.3 million in Q4 '22. The good news is the company is demonstrating high operating leverage as the revenue is growing faster than losses. For example, the Operating loss for Q4 '21 was $3 million, and thus the greater losses is not vastly more in the equivalent quarter this year. Adjusted EBITDA was $15.4 million, or 29% of Adjusted Revenue in Q4 '22. This was slightly more than the $8 million or 25% of adjusted Revenue for Q4 '21. This is also a positive sign as these adjusted earnings are making up a larger portion of total revenue, which is a positive correlation. ABST Gross Profit Margin data by YCharts Absolute Software did see a sharp 24% decline in cash from operations which came in at $8.7 million. At first glance, this may look terrible, but when I dive under the hood I see this was driven by one of its largest partners going through a payment system migration which delayed the payment for the quarter. This was a one-off issue and the company has now received the payment, thus it is not an alarm bell. Despite being a growth company, Absolute Software still pays a healthy forward dividend yield of 2.35%. The company has a robust balance sheet with $64 million in cash and short-term investments, with just $1.6 million in current debt. Total debt is $277 million but given cash flow is strong and short-term debt is low, the balance sheet is solid overall. Moving forward, Absolute expects $241.5m to $246.5m in FY'23 which demonstrates an increase of 14.8% to 17.1% year over year. Advanced Valuation In order to value Absolute Software, I have plugged the latest financials into my advanced valuation model which uses the discounted cash flow method of valuation. I have forecasted 16% revenue growth for next year and 15% growth per year for the next 2 to 5 years. This is in line with management and analyst expectations. Absolute Stock Valuation (created by author Ben at Motivation 2 Invest) I have also forecasted the company's investments in growth to pay off and its operating margin to increase to 20% over the next 7 years. This is below the 23% average of the software industry, and thus is achievable.
Seeking Alpha • Aug 23

Absolute Software Non-GAAP EPS of $0.08 beats by $0.01, revenue of $54M beats by $0.9M

Absolute Software press release (NASDAQ:ABST): Q4 Non-GAAP EPS of $0.08 beats by $0.01. Revenue of $54M (+69.8% Y/Y) beats by $0.9M.
Seeking Alpha • Jul 26

Absolute Software Crosses Revenue Milestone In FQ3 Results

Absolute Software crossed an annualized revenue run rate milestone of $200 million in its FQ3 financial results. The firm provides endpoint security technologies for enterprises and government agencies worldwide. ABST took on variable rate debt to acquire NetMotion in 2021, so management needs to grow its business while reducing that debt load. I'm on Hold for ABST until we see further progress in that regard. A Quick Take On Absolute Software Absolute Software (ABST) recently reported its FQ3 2022 financial results on May 10, 2022, missing revenue and earnings estimates. The company provides endpoint visibility and related cybersecurity technologies for enterprises and public agencies. While prospective investors may see a possible bargain in ABST's current market valuation, I'm more cautious on its ability to take full advantage of its NetMotion acquisition and its need to pay down debt in the process. I'm on Hold for Absolute in the near term. Absolute Software Overview Vancouver, Canada-based Absolute was founded in 1993 to provide a range of cybersecurity software technologies that are embedded in firmware products. The firm is headed by Chief Executive Officer Christy Wyatt, who was previously CEO of Dtex Systems and Chairman, CEO and President of Good Technology. The company's primary offerings include: Secure Endpoint Products Secure Access Products The firm acquires customers via direct sales and marketing efforts to obtain OEM partners. Internationally, the company has relationships with distributors and other partners to offer its capabilities to potential customers in various countries and regions. Absolute Software's Market & Competition According to a 2020 market research report by Grand View Research, the global zero trust security market was an estimated $19.8 billion in 2020 and is forecast to reach $61.4 billion by 2028. This assumes the market will grow at a very strong CAGR of 15.2% between 2021 and 2028. Market growth is expected due to an increasing proliferation of endpoint devices and growing adoption of cloud computing environments. Additionally, the rise in the 'work from home' economy for businesses of all sizes along with a growing number of increasingly complex malware attacks is forcing companies to focus on improved security solutions. Major competitors that provide or are developing zero trust security solutions include: McAfee Symantec Corporation Palo Alto Networks (PANW) FireEye Cloudflare (NET) VMware (VMW) Check Point Software (CHKP) SonicWall Trend Micro (TMICF) Others Absolute Software's Recent Financial Performance Total revenue by quarter has grown considerably in the past 5 quarters: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has followed approximately the same trajectory as total revenue: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have remained stable in the past 3 quarters: 5 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating income by quarter has hovered near breakeven in the two most recent quarters: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have remained negative in the 4 most recent quarters: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, ABST's stock price has fallen 34.8 percent vs. the U.S. S&P 500 index's drop of around 11.1 percent, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For Absolute Software Below is a table of relevant capitalization and valuation figures for the company: Measure Amount Enterprise Value $669,970,000 Market Capitalization $466,520,000 Enterprise Value / Sales [TTM] 3.79 Price / Sales [TTM] 2.56 Revenue Growth Rate [TTM] 51.99% Operating Cash Flow [TTM] $42,580,000 CapEx Ratio (Op C.F./CapEx) 53.25 Earnings Per Share (Fully Diluted) -$0.45 (Source - Seeking Alpha) The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. ABST's most recent GAAP Rule of 40 calculation was 54% as of Q1 2022, so the firm is performing well in this regard, per the table below: GAAP Rule of 40 Calculation Recent Rev. Growth % 52% GAAP EBITDA % 2% Total 54% (Source - Seeking Alpha) Commentary On Absolute Software In its last earnings call (Source - Seeking Alpha), covering FQ3 2022's results, management highlighted reaching a $200 million annual run rate in revenue milestone.
Seeking Alpha • Feb 04

I Buy The Dip Of Absolute Software Because Of New Acquisition And Third-Party Tools

Absolute helps clients track and secure their mobile computing devices. The company’s revenue is mainly generated in North America. If the company successfully sells software overseas, revenue growth will most likely increase. In my view, the recent acquisition of NetMotion proves that management is really trying to increase the number of endpoint protection software available for clients. If we also assume an EBITDA margin of 20% to 21%, operating margin of 6.7%-6%, and capex/sales ratio of 0.20%-0.42%, the implied FCF would be $51-$101 million. In my view, the recent acquisition of NetMotion could generate a significant number of synergies and FCF growth.

Rendement voor aandeelhouders

ABSTUS SoftwareUS Markt
7D0.2%-6.8%-2.9%
1Y24.2%-9.3%23.5%

Rendement versus industrie: ABST presteerde slechter dan de US Software -sector, die het afgelopen jaar een rendement van -9.3 % opleverde.

Rendement versus markt: ABST overtrof de US markt, die het afgelopen jaar een rendement opleverde van 23.5 %.

Prijsvolatiliteit

Is ABST's price volatile compared to industry and market?
ABST volatility
ABST Average Weekly Movement9.6%
Software Industry Average Movement10.1%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stabiele aandelenkoers: De aandelenkoers van ABST is de afgelopen 3 maanden volatiel geweest in vergelijking met de US markt.

Volatiliteit in de loop van de tijd: De wekelijkse volatiliteit ( 10% ) van ABST is het afgelopen jaar stabiel geweest.

Over het bedrijf

OpgerichtWerknemersCEOWebsite
1993n/aChristy Wyattwww.absolute.com

Absolute Software Corporation Samenvatting

Hoe verhouden de winst en inkomsten van Absolute Software zich tot de beurswaarde?
ABST fundamentele statistieken
MarktkapitalisatieUS$608.92m
Inkomsten(TTM)-US$25.79m
Inkomsten(TTM)US$222.06m
2.7x
P/S-verhouding
-23.6x
Koers/Winstverhouding

Is ABST overgewaardeerd?

Zie Reële waarde en waarderingsanalyse

Inkomsten en omzet

Belangrijkste winstgevendheidsstatistieken uit het laatste winstverslag (TTM)
ABST resultatenrekening (TTM)
InkomstenUS$222.06m
Kosten van inkomstenUS$40.86m
BrutowinstUS$181.20m
Overige uitgavenUS$206.99m
Inkomsten-US$25.79m

Laatst gerapporteerde inkomsten

Mar 31, 2023

Volgende inkomensdatum

n.v.t.

Winst per aandeel (EPS)-0.49
Brutomarge81.60%
Nettowinstmarge-11.62%
Schuld/Eigen Vermogen Verhouding-2,194.2%

Hoe presteerde ABST op de lange termijn?

Bekijk historische prestaties en vergelijking

Dividenden

2.0%
Huidig dividendrendement
-47%
Uitbetalingsratio

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2023/07/28 03:29
Aandelenkoers aan het einde van de dag2023/07/26 00:00
Inkomsten2023/03/31
Jaarlijkse inkomsten2022/06/30

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Absolute Software Corporation wordt gevolgd door 15 analisten. 3 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Richard TseATB Cormark Historical (Cormark Securities)
Thanos MoschopoulosBMO Capital Markets Equity Research
Thomas WalkleyCanaccord Genuity