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BEX

BikeExchangeASX:BEX Stock Report

Market Cap

AU$49.8m

7D

0%

1Y

n/a

Updated

26 Oct, 2021

Data

Company Financials +
BEX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BEX Overview

BikeExchange Limited operates an online cycling market place.

Price History & Performance

Summary of all time highs, changes and price drops for BikeExchange
Historical stock prices
Current Share PriceAU$0.17
52 Week HighAU$0.15
52 Week LowAU$0.32
Beta0
1 Month Change-1.45%
3 Month Change-19.05%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-26.09%

Recent News & Updates

Sep 06
Here's Why We're Watching BikeExchange's (ASX:BEX) Cash Burn Situation

Here's Why We're Watching BikeExchange's (ASX:BEX) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

BEXAU Online RetailAU Market
7D0%-0.2%0.8%
1Yn/a-18.3%24.4%

Return vs Industry: Insufficient data to determine how BEX performed against the Australian Online Retail industry.

Return vs Market: Insufficient data to determine how BEX performed against the Australian Market.

Price Volatility

Is BEX's price volatile compared to industry and market?
BEX volatility
BEX Beta0
Industry Beta1.05
Market Beta1

Stable Share Price: BEX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BEX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/aMark Watkinhttps://bikeexchangegroup.com.au

BikeExchange Limited operates an online cycling market place. The company’s marketplace provides a technology driven platform to connect consumers with retailers of bicycle products and accessories. It operates in Australia, Europe, North America, and Latin America.

BikeExchange Fundamentals Summary

How do BikeExchange's earnings and revenue compare to its market cap?
BEX fundamental statistics
Market CapAU$49.81m
Earnings (TTM)-AU$10.97m
Revenue (TTM)AU$4.61m

10.8x

P/S Ratio

-4.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEX income statement (TTM)
RevenueAU$4.61m
Cost of RevenueAU$5.81m
Gross Profit-AU$1.20m
ExpensesAU$9.77m
Earnings-AU$10.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)-0.037
Gross Margin-26.10%
Net Profit Margin-238.11%
Debt/Equity Ratio0%

How did BEX perform over the long term?

See historical performance and comparison

Valuation

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

3.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BEX is unprofitable, so we can't compare its PE Ratio to the Australian Online Retail industry average.

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


Price to Book Ratio

PB vs Industry: BEX is good value based on its PB Ratio (3.8x) compared to the AU Online Retail industry average (6.5x).


Future Growth

How is BikeExchange forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

52.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: BEX's revenue (23.9% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BEX's revenue (23.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has BikeExchange performed over the past 5 years?

-419.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BEX is currently unprofitable.

Growing Profit Margin: BEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if BEX's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: BEX is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (54%).


Return on Equity

High ROE: BEX has a negative Return on Equity (-83.84%), as it is currently unprofitable.


Financial Health

How is BikeExchange's financial position?


Financial Position Analysis

Short Term Liabilities: BEX's short term assets (A$17.1M) exceed its short term liabilities (A$4.2M).

Long Term Liabilities: BEX's short term assets (A$17.1M) exceed its long term liabilities (A$114.6K).


Debt to Equity History and Analysis

Debt Level: BEX's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BEX's debt to equity ratio has reduced over the past 5 years.


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

Forecast Cash Runway: BEX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 299.1% each year


Dividend

What is BikeExchange current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.6yrs

Average management tenure


CEO

Mark Watkin

1.25yrs

Tenure

AU$528,813

Compensation

Mr. Mark Watkin serves as Global Chief Executive Officer at BikeExchange Limited. since July 1, 2020. Mr. Watkin has experience in the marketing industry, including holding multiple senior leadership roles...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD396.41K) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Leadership Team

Experienced Management: BEX's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: BEX's board of directors are not considered experienced ( 0.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: BEX only recently listed within the past 12 months.


Top Shareholders

Company Information

BikeExchange Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BikeExchange Limited
  • Ticker: BEX
  • Exchange: ASX
  • Founded: 2007
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: AU$49.809m
  • Shares outstanding: 293.00m
  • Website: https://bikeexchangegroup.com.au

Location

  • BikeExchange Limited
  • Central House
  • 101 Moray Street
  • Melbourne
  • Victoria
  • 3205
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.