ASX:ICT

Stock Analysis Report

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Executive Summary

iCollege Limited provides vocational education and training solutions in Australia.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has iCollege's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ICT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-21.1%

ICT

9.5%

AU Consumer Services

3.8%

AU Market


1 Year Return

-52.4%

ICT

-25.7%

AU Consumer Services

-10.6%

AU Market

Return vs Industry: ICT underperformed the Australian Consumer Services industry which returned -25.7% over the past year.

Return vs Market: ICT underperformed the Australian Market which returned -10.6% over the past year.


Shareholder returns

ICTIndustryMarket
7 Day-21.1%9.5%3.8%
30 Day-33.3%16.3%9.9%
90 Day-14.3%-28.4%-13.0%
1 Year-52.4%-52.4%-22.0%-25.7%-6.9%-10.6%
3 Yearn/a4.5%-8.7%12.7%-2.1%
5 Yearn/a-41.5%-54.6%27.9%0.4%

Price Volatility Vs. Market

How volatile is iCollege's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether iCollege is trading at an attractive price based on the cash flow it is expected to produce in the future. But as iCollege has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ICT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through iCollege regulatory filings.
  • Explore potentially undervalued companies in the Consumer Services industry.

Future Growth

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

25.1%

Forecasted Consumer 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 iCollege 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.


Next Steps

Past Performance

How has iCollege performed over the past 5 years?

-207.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ICT is currently unprofitable.

Growing Profit Margin: ICT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ICT's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ICT is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (-1.1%).


Return on Equity

High ROE: ICT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is iCollege's financial position?


Financial Position Analysis

Short Term Liabilities: ICT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ICT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ICT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ICT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: ICT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ICT has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ICT'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 ICT'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?

2.3yrs

Average management tenure


CEO

Ash Katta

2.25yrs

Tenure

AU$180,000

Compensation

Mr. Ashish Katta, also known as Ash has been Managing Director of iCollege Limited since February 13, 2018 and has been its Director since August 23, 2017. Mr. Katta has significant experience in the devel ...


CEO Compensation Analysis

Compensation vs Market: Ash's total compensation ($USD118.47K) is below average for companies of similar size in the Australian market ($USD252.41K).

Compensation vs Earnings: Ash's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ashish Katta
MD & Director2.25yrsAU$180.00k13.87% A$2.2m
Badri Gosavi
CFO & Executive Director2yrsAU$178.43k1.9% A$300.0k
Keomany Mayes
Executive General Manager of Compliance & Operationsno datano datano data
Matt Sutherland
Executive General Manager of Business Development & Marketingno datano data0.95% A$150.0k
Stuart Usher
Company Secretary4.58yrsno datano data

2.3yrs

Average Tenure

Experienced Management: ICT's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ashish Katta
MD & Director2.25yrsAU$180.00k13.87% A$2.2m
Badri Gosavi
CFO & Executive Director2yrsAU$178.43k1.9% A$300.0k
Simon Tolhurst
Independent Non-Executive Chairman2.58yrsAU$112.10k1.1% A$173.2k

2.6yrs

Average Tenure

Experienced Board: ICT's board of directors are not considered experienced ( 2.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

iCollege Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: iCollege Limited
  • Ticker: ICT
  • Exchange: ASX
  • Founded:
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: AU$15.797m
  • Shares outstanding: 526.56m
  • Website: https://www.icollege.edu.au

Location

  • iCollege Limited
  • 205 North Quay
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2018
ICTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 2018

Biography

iCollege Limited provides vocational education and training solutions in Australia. It offers training to develop skills and knowledge required to gain employment or advance careers in various industry sectors, including construction, nursing, disability, hospitality, business, English language, and health and fitness. The company also provides specialist education services for the oil and gas market. It serves workers, job seekers, and school leavers through its campuses in Sydney, Brisbane, Gold Coast, Perth, Adelaide, and Canberra. The company is based in Brisbane, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 14:07
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.