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 Analysis

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

Stable Share Price: CRD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CRD

21.2%

AU Consumer Finance

2.8%

AU Market


1 Year Return

152.9%

CRD

-18.1%

AU Consumer Finance

-16.2%

AU Market

Return vs Industry: CRD exceeded the Australian Consumer Finance industry which returned 65% over the past year.

Return vs Market: CRD exceeded the Australian Market which returned 19.4% over the past year.


Shareholder returns

CRDIndustryMarket
7 Day0%21.2%2.8%
30 Day0%-35.2%-15.2%
90 Day0.5%-45.6%-23.4%
1 Year152.9%152.9%-16.3%-18.1%-12.4%-16.2%
3 Yearn/a-33.1%-39.2%-0.2%-13.9%
5 Yearn/a-40.2%-51.7%11.5%-13.6%

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 compared to its fair value and its price relative to the market?

10.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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 to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CRD is overvalued based on its PB Ratio (10.7x) compared to the AU Consumer Finance industry average (2x).


Next Steps

Future Growth

How is Credible Labs forecast 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 Forecasts


Analyst Future Growth Forecasts

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 (3.8% 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 Forecasts


Future Return on Equity

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

Quality Earnings: CRD is currently unprofitable.

Growing Profit Margin: CRD is currently unprofitable.


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 (14.2%).


Return on Equity

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


Next Steps

Financial Health

How is Credible Labs's financial position?


Financial Position Analysis

Short Term Liabilities: CRD's short term assets ($29.5M) exceed its short term liabilities ($5.8M).

Long Term Liabilities: CRD's short term assets ($29.5M) exceed its long term liabilities ($1.4M).


Debt to Equity History and Analysis

Debt Level: CRD is debt free.

Reducing Debt: CRD had no debt 5 years ago.


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: 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 1.8 years if free cash flow continues to reduce at historical rates of -52.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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.


Stability and Growth of Payments

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

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

4.1yrs

Average management tenure


CEO

Stephen Dash

7.17s

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Dash
Founder7.17yrsno data43.62% $242.5m
Christopher Bishko
Chief Financial Officer1.75yrsno datano data
Richard Chan
Investors Contactno datano datano data
Jessica Rossman
General Counsel and Head of Legal & Complianceno datano datano data
Colin Bowman
VP and Head of Product & Design5.42yrsno datano data
Jaideep Vijan
VP & Head of Engineering2.75yrsno datano data
David Lewis
Head of Partnerships & Business Developmentno datano datano data
Jereme Albin
Head of Marketplace Operationsno datano datano data

4.1yrs

Average Tenure

Experienced Management: CRD's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Dash
Founder7.17yrsno data43.62% $242.5m
Sally Chaplain
Independent Non-Executive Director1.92yrsno data0.026% $145.9k
Ronald Suber
Independent Non-Executive Chairmanno datano datano data
Ruirong Yang
Non-Executive Director2.58yrsno datano data
Dean Dorrell
Non-Executive Director4.17yrsno data0.98% $5.4m

3.4yrs

Average Tenure

54yo

Average Age

Experienced Board: CRD's board of directors are considered experienced (3.4 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 5.9%.


Top Shareholders

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$555.919m
  • 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 loan refinancing, personal loans, and credit cards, as well as mortgage refinancing. The company was formerly known as Stampede Labs Inc. and changed its name to Credible Labs Inc. in December 2013. Credible Labs Inc. was founded in 2012 and is based in San Francisco, California. As of October 17, 2019, Credible Labs Inc. operates as a subsidiary of Fox Corporation. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 10:40
End of Day Share Price2019/10/15 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.