ASX:CRD

Stock Analysis Report

Executive Summary

Credible Labs Inc. operates an online marketplace that allows consumers to receive financial product offers from financial institutions in the United States.

Snowflake

Fundamentals

Limited growth with worrying balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

CRD

2.5%

AU Consumer Finance

1.3%

AU Market


1 Year Return

123.5%

CRD

56.7%

AU Consumer Finance

9.9%

AU Market

Return vs Industry: CRD exceeded the Australian Consumer Finance industry which returned 56.7% over the past year.

Return vs Market: CRD exceeded the Australian Market which returned 9.9% over the past year.


Share holder returns

CRDIndustryMarket
7 Day0%2.5%1.3%
30 Day0%8.0%-0.7%
90 Day3.8%22.5%-0.4%
1 Year123.5%123.5%62.0%56.7%16.3%9.9%
3 Yearn/a52.4%36.7%35.8%17.6%
5 Yearn/a64.7%28.7%51.9%17.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.69x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate CRD's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CRD's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: CRD is unprofitable, so we can't compare its PE Ratio to the Consumer Finance industry average.

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: CRD is overvalued based on its PB Ratio (10.7x) compared to the AU Consumer Finance industry average (1.8x).


Next Steps

Future Growth

How is Credible Labs expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

31.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CRD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CRD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CRD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CRD's revenue (35.6% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: CRD's revenue (35.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: CRD is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Credible Labs performed over the past 5 years?

-40.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CRD is unprofitable, and losses have increased over the past 5 years at a rate of -40.6% per year.

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

Earnings vs Industry: CRD is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (15.9%).


Return on Equity

High ROE: CRD has a negative Return on Equity (-28.09%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CRD is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CRD is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Credible Labs's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CRD has a low level of unsold assets or inventory.

Debt Coverage by Assets: CRD's debt is covered by short term assets (assets are 66467692403438862.653230x debt).


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: CRD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CRD has sufficient cash runway for 1.779627 years if free cash flow continues to reduce at historical rates of -52.7% each year.


Financial Institutions Analysis

Asset Level: CRD's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CRD has a sufficient allowance for bad loans.

Low Risk Liabilities: CRD reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CRD has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CRD has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CRD has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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

Growing Dividend: Insufficient data to determine if CRD'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 CRD's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Stephen Dash 0

7.1yrs

Tenure

0

Mr. Stephen James Dash founded Credible Labs, Inc. in September 2012 and has been as its Chief Executive Officer since then. Mr. Dash has been Executive Director of Credible Labs, Inc. since November 21, 2 ...


Management Age and Tenure

4.0yrs

Average Tenure

Experienced Management: CRD's management team is considered experienced (4 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

54yo

Average Age

Experienced Board: CRD's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Chris Bishko (49yo)

    Chief Financial Officer

    • Tenure: 1.7yrs
  • Jai Vijan

    VP & Head of Engineering

    • Tenure: 2.7yrs
  • Stephen Dash

    Founder

    • Tenure: 7.1yrs
  • Colin Bowman

    VP and Head of Product & Design

    • Tenure: 5.3yrs
  • Dave Lewis

    Head of Partnerships & Business Development

    • Tenure: 0yrs
  • Jessica Rossman

    General Counsel and Head of Legal & Compliance

    • Tenure: 0yrs
  • Jereme Albin

    Head of Marketplace Operations

    • Tenure: 0yrs
  • Richard Chan

    Investors Contact

    • Tenure: 0yrs

Board Members

  • Sally Chaplain (61yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • Ron Suber (54yo)

    Independent Non-Executive Chairman

    • Tenure: 0yrs
  • Ray Yang (45yo)

    Non-Executive Director

    • Tenure: 2.5yrs
  • Dean Dorrell

    Non-Executive Director

    • Tenure: 4.1yrs
  • Stephen Dash

    Founder

    • Tenure: 7.1yrs

Company Information

Credible Labs Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Credible Labs Inc.
  • Ticker: CRD
  • Exchange: ASX
  • Founded: 2012
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: AU$553.392m
  • Shares outstanding: 252.69m
  • Website: https://www.credible.com

Number of Employees


Location

  • Credible Labs Inc.
  • 22 4th Street
  • 8th Floor
  • San Francisco
  • California
  • 94013
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRDCHIA (Chi-X Australia)YesNPV CDI 25:1AUAUDDec 2017
CRDASX (Australian Securities Exchange)YesNPV CDI 25:1AUAUDDec 2017

Biography

Credible Labs Inc. operates an online marketplace that allows consumers to receive financial product offers from financial institutions in the United States. Its products include student loans, student loa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:41
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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