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AMS

AtomosASX:AMS Stock Report

Market Cap

AU$251.3m

7D

-11.7%

1Y

18.9%

Updated

28 Nov, 2021

Data

Company Financials +
AMS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends0/6

AMS Stock Overview

Atomos Limited, a video technology company, manufactures and sells video equipment for video content creators in Australia and internationally.

Rewards

Trading at 46.3% below our estimate of its fair value

Earnings are forecast to grow 32.27% per year

Became profitable this year

Risk Analysis

No risks detected for AMS from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Atomos
Historical stock prices
Current Share PriceAU$1.13
52 Week HighAU$1.79
52 Week LowAU$0.81
Beta1.79
1 Month Change-19.29%
3 Month Change-26.62%
1 Year Change18.95%
3 Year Changen/a
5 Year Changen/a
Change since IPO126.00%

Recent News & Updates

Shareholder Returns

AMSAU Consumer DurablesAU Market
7D-11.7%-5.8%-1.6%
1Y18.9%7.2%11.8%

Return vs Industry: AMS exceeded the Australian Consumer Durables industry which returned 7.2% over the past year.

Return vs Market: AMS exceeded the Australian Market which returned 11.8% over the past year.

Price Volatility

Is AMS's price volatile compared to industry and market?
AMS volatility
AMS Average Weekly Movement7.8%
Consumer Durables Industry Average Movement7.4%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

Stable Share Price: AMS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: AMS's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009n/aEstelle McGechiehttps://www.atomos.com

Atomos Limited, a video technology company, manufactures and sells video equipment for video content creators in Australia and internationally. The company offers 4K and HD Apple ProRes monitor/recorders, compact and portable monitor-recorders, live/switching products, and on-set and in-studio 4K HDR production monitors, as well as related accessories. The company was formerly known as Tetsuwan Ltd and changed its name to Atomos Limited in October 2018.

Atomos Fundamentals Summary

How do Atomos's earnings and revenue compare to its market cap?
AMS fundamental statistics
Market CapAU$251.26m
Earnings (TTM)AU$4.22m
Revenue (TTM)AU$78.61m

59.6x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMS income statement (TTM)
RevenueAU$78.61m
Cost of RevenueAU$41.17m
Gross ProfitAU$37.44m
ExpensesAU$33.22m
EarningsAU$4.22m

Valuation

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

46.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMS (A$1.13) is trading below our estimate of fair value (A$2.1)

Significantly Below Fair Value: AMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMS is poor value based on its PE Ratio (59.6x) compared to the Australian Consumer Durables industry average (14.3x).

PE vs Market: AMS is poor value based on its PE Ratio (59.6x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: AMS is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: AMS is overvalued based on its PB Ratio (3.9x) compared to the AU Consumer Durables industry average (2.5x).


Future Growth

How is Atomos forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

32.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMS's forecast earnings growth (32.3% per year) is above the savings rate (1.9%).

Earnings vs Market: AMS's earnings (32.3% per year) are forecast to grow faster than the Australian market (11.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMS's revenue (14.6% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: AMS's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMS's Return on Equity is forecast to be low in 3 years time (17.4%).


Past Performance

How has Atomos performed over the past 5 years?

2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMS has high quality earnings.

Growing Profit Margin: AMS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AMS has become profitable over the past 5 years, growing earnings by 2.8% per year.

Accelerating Growth: AMS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AMS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (44.2%).


Return on Equity

High ROE: AMS's Return on Equity (6.6%) is considered low.


Financial Health

How is Atomos's financial position?


Financial Position Analysis

Short Term Liabilities: AMS's short term assets (A$60.6M) exceed its short term liabilities (A$22.8M).

Long Term Liabilities: AMS's short term assets (A$60.6M) exceed its long term liabilities (A$4.7M).


Debt to Equity History and Analysis

Debt Level: AMS is debt free.

Reducing Debt: AMS had no debt 5 years ago.

Debt Coverage: AMS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AMS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate AMS'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 AMS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMS'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 AMS'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 management tenure


CEO

Estelle McGechie

0.17

Tenure

AU$477,336

Compensation

Ms. Estelle McGechie serves as Chief Executive Officer at Atomos Limited since September 22, 2021 and served as its Chief Product Officer since June 2021 until September 22, 2021. She has enjoyed a success...


CEO Compensation Analysis

Compensation vs Market: Estelle's total compensation ($USD339.77K) is below average for companies of similar size in the Australian market ($USD553.04K).

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


Leadership Team

Experienced Management: AMS's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: AMS's board of directors are not considered experienced ( 1.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Atomos Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Atomos Limited
  • Ticker: AMS
  • Exchange: ASX
  • Founded: 2009
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: AU$251.257m
  • Shares outstanding: 222.35m
  • Website: https://www.atomos.com

Location

  • Atomos Limited
  • 29 Nott Street
  • Port Melbourne
  • Victoria
  • 3207
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 07:01
End of Day Share Price2021/11/26 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.