ASX:NVO

Stock Analysis Report

Executive Summary

Nvoi Limited engages in the development and marketing of talent-on-demand cloud-based platform in Australia.

Rewards

Earnings have grown 3% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$32K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

6.3%

NVO

1.8%

AU Interactive Media and Services

1.5%

AU Market


1 Year Return

240.0%

NVO

49.4%

AU Interactive Media and Services

20.1%

AU Market

Return vs Industry: NVO exceeded the Australian Interactive Media and Services industry which returned 54% over the past year.

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


Shareholder returns

NVOIndustryMarket
7 Day6.3%1.8%1.5%
30 Day6.3%5.8%3.9%
90 Day30.8%9.1%5.5%
1 Year376.1%240.0%52.0%49.4%25.6%20.1%
3 Year-60.3%-71.7%99.9%89.4%39.7%20.9%
5 Yearn/a132.0%111.1%60.8%24.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: NVO is unprofitable, so we can't compare its PE Ratio to the Interactive Media and Services industry average.

PE vs Market: NVO 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 NVO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NVO is overvalued based on its PB Ratio (10.7x) compared to the AU Interactive Media and Services industry average (7.6x).


Next Steps

Future Growth

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

28.7%

Forecasted Media 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 Nvoi 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 Nvoi performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVO is currently unprofitable.

Growing Profit Margin: NVO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NVO is unprofitable, but has reduced losses over the past 5 years at a rate of 3% per year.

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

Earnings vs Industry: NVO is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (0.8%).


Return on Equity

High ROE: NVO has a negative Return on Equity (-86.34%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nvoi's financial position?


Financial Position Analysis

Short Term Liabilities: NVO's short term assets (A$1.8M) exceed its short term liabilities (A$113.1K).

Long Term Liabilities: NVO has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NVO is debt free.

Reducing Debt: NVO has no debt compared to 5 years ago when its debt to equity ratio was 1.2%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NVO's debt is covered by short term assets.


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

Forecast Cash Runway: NVO has less than a year of cash runway if free cash flow continues to grow at historical rates of 14.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if NVO'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 NVO'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 Nvoi's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average board tenure


CEO

Raife Watson 0

0yrs

Tenure

0

Mr. Raife Watson serves as Chief Executive Officer of Nvoi Limited since January 2020. Mr. Watson served as Chief Executive Officer of Adzuna Australia & New Zealand, a subsidiary of the global Adzuna jobs ...


Board Age and Tenure

0.8yrs

Average Tenure

Experienced Board: NVO's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: NVO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$49,99827 Dec 19
Philip Crutchfield
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares5,000,000
Max PriceAU$0.01
BuyAU$74,99727 Dec 19
John Winters
EntityIndividual
Role
Member of the Board of Directors
MD & Executive Director
Shares7,500,000
Max PriceAU$0.01
BuyAU$24,99927 Dec 19
Steven Papadopoulos
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,500,000
Max PriceAU$0.01
BuyAU$198,18816 Apr 19
John Winters
EntityIndividual
Role
Member of the Board of Directors
MD & Executive Director
Shares64,071,528
Max PriceAU$0.0031

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 38.2%.


Management Team

  • John Winters

    MD & Executive Director

    • Tenure: 0.8yrs
    • Compensation: AU$165.21k
  • Sinead Teague

    Company Secretary

    • Tenure: 0.6yrs
  • Alison Crealy

    Chief Financial Officer

    • Tenure: 0.6yrs
  • Raife Watson

    Chief Executive Officer


    Board Members

    • Philip Crutchfield

      Non-Executive Chairman

      • Tenure: 0.3yrs
    • Steven Papadopoulos

      Non-Executive Director

      • Tenure: 0.8yrs
      • Compensation: AU$13.69k
    • John Winters

      MD & Executive Director

      • Tenure: 0.8yrs
      • Compensation: AU$165.21k

    Company Information

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


    Key Information

    • Name: Nvoi Limited
    • Ticker: NVO
    • Exchange: ASX
    • Founded:
    • Industry: Interactive Media and Services
    • Sector: Media
    • Market Cap: AU$25.461m
    • Shares outstanding: 1.50b
    • Website: https://www.nvoi.com.au

    Location

    • Nvoi Limited
    • 82-88 Elizabeth Street
    • Level 7
    • Sydney
    • New South Wales
    • 2000
    • Australia

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    NVOASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2016
    NVOCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2016

    Biography

    Nvoi Limited engages in the development and marketing of talent-on-demand cloud-based platform in Australia. Its platform delivers a scalable approach for securing and managing top talent for on-site and non-permanent work assignments primarily in white-collar job roles; and for workers to promote themselves to access contingent assignment work. Nvoi Limited is based in Sydney, Australia. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/22 10:48
    End of Day Share Price2020/01/22 00:00
    Earnings2019/06/30
    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.