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Nearmap

ASX:NEA
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEA
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Nearmap Ltd provides online aerial photomapping services in Australia and the United States. The last earnings update was 92 days ago. More info.


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  • Nearmap has significant price volatility in the past 3 months.
NEA Share Price and Events
7 Day Returns
-3.4%
ASX:NEA
-0.5%
AU Professional Services
4%
AU Market
1 Year Returns
253.6%
ASX:NEA
9.3%
AU Professional Services
5.2%
AU Market
NEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nearmap (NEA) -3.4% 4.9% 40.6% 253.6% 629.8% 679.5%
AU Professional Services -0.5% 4.7% 10.9% 9.3% 29.6% 17.9%
AU Market 4% 3.5% 5.9% 5.2% 21.7% 9.6%
1 Year Return vs Industry and Market
  • NEA outperformed the Professional Services industry which returned 9.3% over the past year.
  • NEA outperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
NEA
Industry
5yr Volatility vs Market
Related Companies

NEA Value

 Is Nearmap undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nearmap to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nearmap.

ASX:NEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:NEA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.877 (1 + (1- 30%) (0%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.917 * 5.96%)
7.78%

Discounted Cash Flow Calculation for ASX:NEA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nearmap is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:NEA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.78%)
2019 -9.15 Analyst x2 -8.49
2020 -2.90 Analyst x2 -2.50
2021 10.35 Analyst x2 8.27
2022 17.80 Est @ 71.95% 13.19
2023 26.88 Est @ 51.06% 18.48
2024 36.68 Est @ 36.44% 23.40
2025 46.29 Est @ 26.2% 27.40
2026 55.10 Est @ 19.03% 30.26
2027 62.82 Est @ 14.02% 32.01
2028 69.42 Est @ 10.51% 32.82
Present value of next 10 years cash flows A$174.84
ASX:NEA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$69.42 × (1 + 2.31%) ÷ (7.78% – 2.31%)
A$1,298.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,298.98 ÷ (1 + 7.78%)10
A$614.09
ASX:NEA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$174.84 + A$614.09
A$788.92
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$788.92 / 447.74
A$1.76
ASX:NEA Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.76
Current discount Discount to share price of A$3.43
= -1 x (A$3.43 - A$1.76) / A$1.76
-94.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nearmap is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nearmap's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nearmap's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.02
ASX:NEA Share Price ** ASX (2019-05-22) in AUD A$3.43
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 17.68x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nearmap.

ASX:NEA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:NEA Share Price ÷ EPS (both in AUD)

= 3.43 ÷ -0.02

-212.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nearmap is loss making, we can't compare its value to the AU Professional Services industry average.
  • Nearmap is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Nearmap's expected growth come at a high price?
Raw Data
ASX:NEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -212.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
112.2%per year
Australia Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 1.17x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nearmap, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nearmap's assets?
Raw Data
ASX:NEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.22
ASX:NEA Share Price * ASX (2019-05-22) in AUD A$3.43
Australia Professional Services Industry PB Ratio Median Figure of 23 Publicly-Listed Professional Services Companies 1.99x
Australia Market PB Ratio Median Figure of 1,678 Publicly-Listed Companies 1.63x
ASX:NEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NEA Share Price ÷ Book Value per Share (both in AUD)

= 3.43 ÷ 0.22

15.64x

* Primary Listing of Nearmap.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nearmap is overvalued based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess Nearmap's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Nearmap has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NEA Future Performance

 How is Nearmap expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
112.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nearmap expected to grow at an attractive rate?
  • Nearmap's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Nearmap's earnings growth is expected to exceed the Australia market average.
  • Nearmap's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NEA Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NEA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 112.2%
ASX:NEA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 29.5%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 29.1%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:NEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NEA Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2021-06-30 133 30 16 3
2020-06-30 102 14 5 3
2019-06-30 77 7 -8 3
ASX:NEA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 65 2 -7
2018-09-30 59 0 -9
2018-06-30 54 -3 -11
2018-03-31 50 -1 -10
2017-12-31 46 1 -9
2017-09-30 43 3 -7
2017-06-30 41 4 -5
2017-03-31 38 2 -6
2016-12-31 36 0 -7
2016-09-30 34 1 -7
2016-06-30 31 1 -7
2016-03-31 29 0 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nearmap's earnings are expected to grow significantly at over 20% yearly.
  • Nearmap's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:NEA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Nearmap Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NEA Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2021-06-30 0.04 0.04 0.04 2.00
2020-06-30 0.01 0.01 0.01 2.00
2019-06-30 -0.02 -0.02 -0.02 1.00
ASX:NEA Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nearmap is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nearmap's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nearmap has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NEA Past Performance

  How has Nearmap performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nearmap's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nearmap does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nearmap's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nearmap's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Nearmap's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nearmap Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NEA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 64.63 -6.50 6.09
2018-09-30 59.09 -8.77 5.53
2018-06-30 53.55 -11.03 4.97
2018-03-31 49.73 -9.94 4.47
2017-12-31 45.91 -8.85 3.97
2017-09-30 43.29 -7.08 3.56
2017-06-30 40.67 -5.30 3.15
2017-03-31 38.41 -6.05 2.92
2016-12-31 36.16 -6.79 2.68
2016-09-30 33.52 -6.96 2.57
2016-06-30 30.88 -7.14 2.45
2016-03-31 28.55 -5.76 2.02
2015-12-31 26.21 -4.38 1.60
2015-09-30 24.96 -2.59 1.23
2015-06-30 23.70 -0.79 0.86
2015-03-31 22.52 2.90 0.66
2014-12-31 21.34 6.60 0.45
2014-09-30 19.59 6.84 0.31
2014-06-30 17.85 7.08 0.17
2014-03-31 16.35 4.74 0.57 0.08
2013-12-31 14.85 2.40 0.96 0.17
2013-09-30 12.92 0.69 0.96 0.30
2013-06-30 10.99 -1.02 0.95 0.42
2013-03-31 9.04 -5.10 0.68 0.49
2012-12-31 7.09 -9.17 0.40 0.55
2012-09-30 6.41 -9.79 0.49 0.46
2012-06-30 5.73 -10.40 0.57 0.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nearmap has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nearmap has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nearmap improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nearmap's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nearmap has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NEA Health

 How is Nearmap's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nearmap's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nearmap is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nearmap's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nearmap's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Nearmap has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nearmap Company Filings, last reported 4 months ago.

ASX:NEA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 97.51 0.00 81.33
2018-09-30 97.51 0.00 81.33
2018-06-30 28.99 0.00 17.53
2018-03-31 28.99 0.00 17.53
2017-12-31 31.93 0.00 20.64
2017-09-30 31.93 0.00 20.64
2017-06-30 37.16 0.00 28.34
2017-03-31 37.16 0.00 28.34
2016-12-31 38.41 0.00 28.40
2016-09-30 38.41 0.00 28.40
2016-06-30 18.49 0.00 12.19
2016-03-31 18.49 0.00 12.19
2015-12-31 20.48 0.00 14.41
2015-09-30 20.48 0.00 14.41
2015-06-30 22.58 0.00 17.17
2015-03-31 22.58 0.00 17.17
2014-12-31 22.29 0.00 21.77
2014-09-30 22.29 0.00 21.77
2014-06-30 20.51 0.00 23.35
2014-03-31 20.51 0.00 23.35
2013-12-31 12.94 0.00 17.51
2013-09-30 12.94 0.00 17.51
2013-06-30 10.95 0.00 13.39
2013-03-31 10.95 0.00 13.39
2012-12-31 9.08 0.00 5.74
2012-09-30 9.08 0.00 5.74
2012-06-30 11.72 0.00 5.35
  • Nearmap has no debt.
  • Nearmap has not taken on any debt in the past 5 years.
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.

  • Nearmap has sufficient cash runway for more than 3 years based on current free cash flow.
  • Nearmap has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 17.1% each year.
X
Financial health checks
We assess Nearmap's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nearmap has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NEA Dividends

 What is Nearmap's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nearmap dividends. Estimated to be 0% next year.
If you bought A$2,000 of Nearmap shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nearmap's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nearmap's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:NEA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:NEA Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
ASX:NEA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2010-03-03 0.000 0.000
2010-02-24 0.000 0.000
2009-09-29 0.000 0.000
2009-08-28 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nearmap has not reported any payouts.
  • Unable to verify if Nearmap's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nearmap's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nearmap has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Nearmap's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Nearmap's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nearmap afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nearmap has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NEA Management

 What is the CEO of Nearmap's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Newman
COMPENSATION A$1,066,591
AGE 54
TENURE AS CEO 3.6 years
CEO Bio

Dr. Robert Melville Newman, also known as Rob, B.Eng(1st Hons), Ph.D., has been the Chief Executive Officer, Managing Director and Executive Director at Nearmap Ltd. (Alternate Name: ipernica ltd.) since October 15, 2015. Dr. Newman is a Co-Founder and Investment Director at Stone Ridge Ventures. He served as Vice President of Marketing and Product Management at Bay Networks, Inc. He was a Co-Founder and Chief Executive Officer of Atmosphere Networks, Inc. He served as an Investment Director at Foundation Capital. He has established a unique track record as a successful Australian high technology entrepreneur in both Australia and Silicon Valley. He has twice founded and built businesses based on Australian technology and both times successfully entered overseas markets. As a Venture Capitalist, he has extensive experience in identifying and helping grow companies with significant commercial potential, especially those addressing overseas markets. In the 1980's, he was a Co-Founder and Inventor of QPSX Communications Pty Ltd. After founding the company, he provided the technical leadership and product strategy. He was instrumental in establishing QPSX as a worldwide standard for Metropolitan Area Networks. He serves as the Chairman of Xelor Software, Inc. He served as the Non-Executive Chairman of Pointerra Limited until June 30, 2017. He served as the Non-Executive Chairman of Nearmap Ltd. and also served as its Non-Executive Director from February 17, 2011 to October 15, 2015. He served as Non-Executive Director of Pointerra Limited since June 30, 2016 until November 9, 2018. He served as a Director at Soil Sub Technologies Ltd. since July 2016. He served as a Director of Dimerix Limited. He has been recognized with a number of awards including the Bicentennial BHP Pursuit of Excellence Award (Youth Category) and Western Australian Young Achiever of the Year 1987. Dr. Newman's formal qualifications include a PhD and Bachelor of Electrical Engineering (1st class honors) from the University of Western Australia.

CEO Compensation
  • Rob's compensation has increased whilst company is loss making.
  • Rob's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Nearmap management team in years:

1.8
Average Tenure
  • The average tenure for the Nearmap management team is less than 2 years, this suggests a new team.
Management Team

Rob Newman

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
AGE
54
TENURE
3.6 yrs

Andy Watt

TITLE
Chief Financial Officer
COMPENSATION
A$735K
TENURE
2.4 yrs

Tom Celinski

TITLE
Executive Vice President of Technology & Engineering
COMPENSATION
A$501K
TENURE
1.3 yrs

Sue Steel

TITLE
Executive Vice President of People & Culture
COMPENSATION
A$427K
TENURE
2.3 yrs

Patrick Quigley

TITLE
Executive VP and GM of International & Partners
COMPENSATION
A$858K
TENURE
1.3 yrs

Shane Preston

TITLE
Executive Vice President of Sales - Australia
COMPENSATION
A$579K
TENURE
1.3 yrs

Daniel Maurer

TITLE
Head of Investor Relations & Corporate Strategy

Tony Agresta

TITLE
Executive Vice President of Product
TENURE
0.8 yrs

Shannon Coates

TITLE
Company Secretary
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the Nearmap board of directors in years:

5.1
Average Tenure
61
Average Age
  • The tenure for the Nearmap board of directors is about average.
Board of Directors

Peter James

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$174K
AGE
68
TENURE
3.2 yrs

Rob Newman

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
AGE
54
TENURE
8.3 yrs

Cliff Rosenberg

TITLE
Independent Non-Executive Director
COMPENSATION
A$112K
AGE
54
TENURE
6.8 yrs

Sue Klose

TITLE
Independent Non-Executive Director
COMPENSATION
A$294K
TENURE
1.8 yrs

Ross Stewart Norgard

TITLE
Non Executive Director
COMPENSATION
A$78K
AGE
72
TENURE
32.3 yrs

Ian Morris

TITLE
Independent Non-Executive Director
COMPENSATION
A$149K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • Nearmap insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
28. Mar 19 Buy Robert Newman Individual 22. Mar 19 22. Mar 19 400,000 A$2.71 A$1,084,000
05. Mar 19 Sell Clifford Rosenberg Individual 27. Feb 19 27. Feb 19 -600,000 A$2.63 A$-1,578,000
26. Feb 19 Sell Ross Stewart Norgard Individual 21. Feb 19 21. Feb 19 -2,000,000 A$2.44 A$-4,883,000
X
Management checks
We assess Nearmap's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nearmap has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NEA News

Simply Wall St News

Nearmap Ltd's (ASX:NEA) Earnings Dropped -30.30%, How Did It Fare Against The Industry?

Assessing Nearmap Ltd's (ASX:NEA) past track record of performance is an insightful exercise for investors. … Today I will assess NEA's recent performance announced on 31 December 2017 and evaluate these figures to its long-term trend and industry movements. … NEA is loss-making, with the most recent trailing twelve-month earnings of -AU$8.85m (from 31 December 2017), which compared to last year has become

Simply Wall St -

Nearmap Ltd (ASX:NEA) Is Expected To Breakeven

With the latest financial year loss of -AU$5.30m and a trailing-twelve month of -AU$8.85m, the AU$407.84m market-cap amplifies its loss by moving further away from its breakeven target. … In this article, I will touch on the expectations for NEA’s growth and when analysts expect the company to become profitable … According to the industry analysts covering NEA, breakeven is near.

Simply Wall St -

Top 3 Growth Stocks For The Month

ASX:NEA Future Profit Apr 26th 18 NetComm Wireless Limited (ASX:NTC) NetComm Wireless Limited develops and sells broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise customers worldwide. … ASX:NTC Future Profit Apr 26th 18 Telix Pharmaceuticals Limited (ASX:TLX) Telix Pharmaceuticals Limited, an oncology company, develops molecularly targeted radiation products for unmet needs in cancer care primarily in Australia. … ASX:TLX Future Profit Apr 26th 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

Is Nearmap Ltd's (ASX:NEA) CEO Overpaid Relative To Its Peers?

View our latest analysis for Nearmap What has NEA's performance been like? … Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Usually I would use earnings and market cap to account for variations in performance, however, NEA's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Who Owns Most Of Nearmap Ltd (ASX:NEA)?

In this article, I'm going to take a look at Nearmap Ltd’s (ASX:NEA) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … This level of insider ownership has been found to have a negative impact on companies with consistently low PE ratios (underperformers), while it has been positive in the case of high PE ratio firms (outperformers).

Simply Wall St -

Nearmap Ltd (ASX:NEA) Is Expected To Breakeven

Many investors are wondering the rate at which NEA will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for NEA, its year of breakeven and its implied growth rate. … ASX:NEA Past Future Earnings Mar 28th 18 Underlying developments driving NEA’s growth isn’t the focus of this broad overview, but, bear in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period. … One thing I’d like to point out is that NEA has no debt on its balance sheet, which is quite unusual for a cash-burning loss-making, growth company, which usually has a high level of debt relative to its equity.

Simply Wall St -

Nearmap Ltd's (ASX:NEA) Earnings Dropped -30.30%, Did Its Industry Show Weakness Too?

Below, I will assess NEA's latest performance announced on 31 December 2017 and weigh these figures against its longer term trend and industry movements. … Check out our latest analysis for Nearmap How Did NEA's Recent Performance Stack Up Against Its Past? … To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

Simply Wall St -

Is It Time To Buy Nearmap Ltd (ASX:NEA)?

Let’s take a look at Nearmap’s outlook and value based on the most recent financial data to see if the opportunity still exists. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … If you believe NEA should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Does Zero-Debt Make Nearmap Ltd (ASX:NEA) A Financially Strong Company?

Zero-debt allows substantial financial flexibility, especially for small-cap companies like Nearmap Ltd (ASX:NEA), as the company does not have to adhere to strict debt covenants. … So, it is acceptable that the company is opting for a zero-debt capital structure currently as it may need to raise debt to fuel expansion in the future. … But another important aspect of financial health is liquidity: the company’s ability to meet short-term obligations, including payments to suppliers and employees.

Simply Wall St -

With 29.5% Earnings Growth Lately, Did Nearmap Ltd (ASX:NEA) Outperform The Industry?

Today I will assess NEA's recent performance announced on 30 June 2017 and compare these figures to its historical trend and industry movements. … Check out our latest analysis for Nearmap Did NEA's recent EPS Growth beat the long-term trend and the industry? … This means whatever recent headwind the industry is enduring, Nearmap is relatively better-cushioned than its peers.What does this mean?

Simply Wall St -

NEA Company Info

Description

Nearmap Ltd provides online aerial photomapping services in Australia and the United States. The company offers PhotoMap, an online content provider that creates current and changing maps. Its solutions are used in the architecture and engineering, construction, insurance, rail, property, roofing, and solar, as well as government industries. The company was formerly known as ipernica ltd and changed its name to Nearmap Ltd in November 2012. Nearmap Ltd was founded in 2000 and is based in Barangaroo, Australia.

Details
Name: Nearmap Ltd
NEA
Exchange: ASX
Founded: 2000
A$1,553,647,792
447,737,116
Website: http://www.nearmap.com.au
Address: Nearmap Ltd
Tower One,
International Towers,
Barangaroo,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NEA Ordinary Shares Australian Securities Exchange AU AUD 07. Dec 2000
OTCPK NEAP.F Ordinary Shares Pink Sheets LLC US USD 07. Dec 2000
DB QSX1 Ordinary Shares Deutsche Boerse AG DE EUR 07. Dec 2000
CHIA NEA Ordinary Shares Chi-X Australia AU AUD 07. Dec 2000
Number of employees
Current staff
Staff numbers
0
Nearmap employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 10:36
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.