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

Excellent balance sheet with limited growth.

Risks

  • Credible Labs has significant price volatility in the past 3 months.
  • Credible Labs is covered by less than 3 analysts.

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

0.5%

ASX:CRD

1.1%

AU Consumer Finance

-2.5%

AU Market


1 Year Return

135.5%

ASX:CRD

7.8%

AU Consumer Finance

-0.6%

AU Market

CRD outperformed the Consumer Finance industry which returned 7.4% over the past year.

CRD outperformed the Market in Australia which returned -0.7% over the past year.


Share holder returns

CRDIndustryMarket
7 Day0.5%1.1%-2.5%
30 Day4.8%0.3%-3.7%
90 Day27.0%6.6%0.5%
1 Year135.5%135.5%11.8%7.8%5.1%-0.6%
3 Yearn/a2.6%-8.8%30.2%13.1%
5 Yearn/a29.7%1.2%36.5%5.9%

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?

10.65x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Credible Labs to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Credible Labs to establish if it is available at substantial discount.


Price Based on Earnings

Credible Labs is loss making, we can't compare its value to the AU Consumer Finance industry average.

Credible Labs is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Credible Labs, we can't assess if its growth is good value.


Price Based on Value of Assets

Credible Labs is overvalued based on assets compared to the AU Consumer Finance industry average.


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

Credible Labs's revenue is expected to grow significantly at over 20% yearly.

Credible Labs is not considered high growth as it is expected to be loss making for the next 1-3 years.

Credible Labs's revenue growth is expected to exceed the Australia market average.

Unable to compare Credible Labs's earnings growth to the Australia market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Credible Labs's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Credible Labs will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


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

Credible Labs does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Credible Labs's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Credible Labs's 1-year growth to the AU Consumer Finance industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Credible Labs has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Credible Labs has efficiently used its assets last year compared to the AU Consumer Finance industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Credible Labs improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Credible Labs's financial position?


Financial Position Analysis

Credible Labs is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Credible Labs's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Credible Labs's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Credible Labs's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 6.6467692403439E+16x 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.

Credible Labs has sufficient cash runway for 2.1 years based on current free cash flow.

Credible Labs has sufficient cash runway for 1.7 years if free cash flow continues to grow 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 and Payments Analysis

Unable to evaluate Credible Labs's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Credible Labs's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Credible Labs has not reported any payouts.

Unable to verify if Credible Labs's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Credible Labs has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Stephen Dash

6.9yrs

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 ...


Management Age and Tenure

3.8yrs

Average Tenure

The tenure for the Credible Labs management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

54yo

Average Age

The tenure for the Credible Labs board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$24,17502 Sep 18
Sally Chaplain
EntityIndividual
Role
Member of the Board of Directors
Shares25,000
Max PriceAU$0.98

Ownership Breakdown


Management Team

  • Chris Bishko (49yo)

    Chief Financial Officer

    • Tenure: 1.5yrs
  • Jai Vijan

    VP & Head of Engineering

    • Tenure: 2.5yrs
  • Stephen Dash

    Founder

    • Tenure: 6.9yrs
  • Colin Bowman

    VP and Head of Product & Design

    • Tenure: 5.2yrs
  • Dave Lewis

    Head of Partnerships & Business Development

  • Jessica Rossman

    General Counsel and Head of Legal & Compliance

  • Richard Chan

    Investors Contact


Board Members

  • Sally Chaplain (61yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
  • Ron Suber (54yo)

    Independent Non-Executive Chairman

  • Ray Yang (45yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Dean Dorrell

    Non-Executive Director

    • Tenure: 3.9yrs
  • Stephen Dash

    Founder

    • Tenure: 6.8yrs

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: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
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 Analysis2019/08/17 10:37
End of Day Share Price2019/08/16 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.