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GO2

GO2 PeopleASX:GO2 Stock Report

Market Cap

AU$13.4m

7D

0%

1Y

-29.8%

Updated

21 Oct, 2021

Data

Company Financials
GO2 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

GO2 Overview

The GO2 People Limited provides recruitment and training services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for GO2 People
Historical stock prices
Current Share PriceAU$0.033
52 Week HighAU$0.026
52 Week LowAU$0.067
Beta4.41
1 Month Change-5.71%
3 Month Change-32.65%
1 Year Change-29.79%
3 Year Change-63.74%
5 Year Changen/a
Change since IPO-82.63%

Recent News & Updates

Sep 17
Is GO2 People (ASX:GO2) Using Debt Sensibly?

Is GO2 People (ASX:GO2) Using Debt Sensibly?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

GO2AU Professional ServicesAU Market
7D0%0.2%0.7%
1Y-29.8%34.8%21.4%

Return vs Industry: GO2 underperformed the Australian Professional Services industry which returned 37% over the past year.

Return vs Market: GO2 underperformed the Australian Market which returned 21.1% over the past year.

Price Volatility

Is GO2's price volatile compared to industry and market?
GO2 volatility
GO2 Beta4.41
Industry Beta0.92
Market Beta1

Stable Share Price: GO2 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: GO2's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2011n/aShawn Murphyhttps://www.thego2people.com.au

The GO2 People Limited provides recruitment and training services in Australia. Its Recruitment division offers staffing solutions for various sectors, including infrastructure, construction, mining/resources, electrical/energy, waste management, and warehousing/logistics. The company also provides training and education service to its clients, which includes accredited and non-accredited workplace training and education courses; and a suite of blue-collar employment services, including pre-employment programs, traineeships and apprenticeships, and fee-for-service recruitment and labor hire services.

GO2 People Fundamentals Summary

How do GO2 People's earnings and revenue compare to its market cap?
GO2 fundamental statistics
Market CapAU$13.42m
Earnings (TTM)-AU$2.69m
Revenue (TTM)AU$29.68m

0.5x

P/S Ratio

-5.0x

P/E Ratio

Is GO2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GO2 income statement (TTM)
RevenueAU$29.68m
Cost of RevenueAU$25.28m
Gross ProfitAU$4.40m
ExpensesAU$7.09m
Earnings-AU$2.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0066
Gross Margin14.83%
Net Profit Margin-9.06%
Debt/Equity Ratio71.2%

How did GO2 perform over the long term?

See historical performance and comparison

Valuation

Is GO2 People undervalued compared to its fair value and its price relative to the market?

3.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GO2's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GO2's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GO2 is unprofitable, so we can't compare its PE Ratio to the Australian Professional Services industry average.

PE vs Market: GO2 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GO2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GO2 is good value based on its PB Ratio (3.1x) compared to the AU Professional Services industry average (3.6x).


Future Growth

How is GO2 People forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.4%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GO2 People has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has GO2 People performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GO2 is currently unprofitable.

Growing Profit Margin: GO2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GO2 is unprofitable, and losses have increased over the past 5 years at a rate of 6.4% per year.

Accelerating Growth: Unable to compare GO2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GO2 is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (9.3%).


Return on Equity

High ROE: GO2 has a negative Return on Equity (-62.07%), as it is currently unprofitable.


Financial Health

How is GO2 People's financial position?


Financial Position Analysis

Short Term Liabilities: GO2's short term assets (A$15.0M) do not cover its short term liabilities (A$18.3M).

Long Term Liabilities: GO2's short term assets (A$15.0M) exceed its long term liabilities (A$7.7M).


Debt to Equity History and Analysis

Debt Level: GO2's debt to equity ratio (71.2%) is considered high.

Reducing Debt: GO2's debt to equity ratio has reduced from 507.8% to 71.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GO2 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GO2 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 22.4% each year


Dividend

What is GO2 People current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GO2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GO2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GO2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GO2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GO2's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average board tenure


CEO

Shawn Murphy

no data

Tenure

AU$21,565

Compensation

Mr. Shawn Murphy has been a Group Chief Executive Officer at The GO2 People Limited since The GO2 People Limited since October 1, 2021. He has been the CEO of Skill Hire since August 2020, and has worked i...


CEO Compensation Analysis

Compensation vs Market: Shawn's total compensation ($USD16.20K) is below average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Insufficient data to compare Shawn's compensation with company performance.


Board Members

Experienced Board: GO2's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 175.3%.


Top Shareholders

Company Information

The GO2 People Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The GO2 People Limited
  • Ticker: GO2
  • Exchange: ASX
  • Founded: 2011
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: AU$13.419m
  • Shares outstanding: 406.64m
  • Website: https://www.thego2people.com.au

Location

  • The GO2 People Limited
  • 3/271 Berkshire Road
  • Forrestfield
  • Western Australia
  • 6058
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 07:04
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.