8common Limited develops and distributes software solutions in Australia, Asia, and North America.
+ 1 more risk
Flawless balance sheet and overvalued.
Share Price & News
How has 8common's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8CO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 8CO underperformed the Australian Software industry which returned 8.3% over the past year.
Return vs Market: 8CO underperformed the Australian Market which returned -8.1% over the past year.
Price Volatility Vs. Market
How volatile is 8common's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StHow Many 8common Limited (ASX:8CO) Shares Did Insiders Buy, In The Last Year?
3 months ago | Simply Wall StDo Insiders Own Lots Of Shares In 8common Limited (ASX:8CO)?
4 months ago | Simply Wall StImagine Owning 8common (ASX:8CO) While The Price Tanked 67%
Is 8common undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 8CO (A$0.08) is trading above our estimate of fair value (A$0.05)
Significantly Below Fair Value: 8CO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 8CO is unprofitable, so we can't compare its PE Ratio to the AU Software industry average.
PE vs Market: 8CO 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 8CO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 8CO is good value based on its PB Ratio (2.4x) compared to the AU Software industry average (3.9x).
How is 8common forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software 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 8common 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.
- Examine 8common's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- 8common competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has 8common performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8CO is currently unprofitable.
Growing Profit Margin: 8CO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 8CO is unprofitable, and losses have increased over the past 5 years at a rate of 12.8% per year.
Accelerating Growth: Unable to compare 8CO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8CO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.6%).
Return on Equity
High ROE: 8CO has a negative Return on Equity (-14.03%), as it is currently unprofitable.
How is 8common's financial position?
Financial Position Analysis
Short Term Liabilities: 8CO's short term assets (A$1.7M) exceed its short term liabilities (A$1.1M).
Long Term Liabilities: 8CO's short term assets (A$1.7M) exceed its long term liabilities (A$76.5K).
Debt to Equity History and Analysis
Debt Level: 8CO is debt free.
Reducing Debt: 8CO has no debt compared to 5 years ago when its debt to equity ratio was 28.9%.
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: Whilst unprofitable 8CO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8CO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.9% per year.
What is 8common current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 8CO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 8CO'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 8CO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 8CO'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 8CO's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Andrew Bond has been the Chief Executive Officer at 8common Limited since September 1, 2019 and served as its Chief Operating Officer until September 1, 2019. Mr. Bond joined 8common in August 2015 and ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD166.07K) is below average for companies of similar size in the Australian market ($USD269.09K).
Compensation vs Earnings: Insufficient data to compare Andrew's compensation with company performance.
|Founder & Executive Chairman||4.58yrs||AU$150.00k||14.53% |
|Chief Executive Officer||0.92yr||AU$232.05k||0.016% |
|Chief Financial Officer||1.83yrs||AU$63.80k||1.49% |
|Chief Technology Officer||3.42yrs||AU$154.46k||0.016% |
|Chief Operating Officer||0.92yr||no data||no data|
|Company Secretary||1.67yrs||no data||no data|
Experienced Management: 8CO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Founder & Executive Chairman||4.58yrs||AU$150.00k||14.53% |
|Non-Independent Non-Executive Director||6.42yrs||AU$25.00k||7.77% |
|Alternate Director||0.17yr||no data||5.12% |
|Independent Non-Executive Director||6.17yrs||AU$25.00k||0.036% |
|Independent Non Executive Director||1.83yrs||AU$16.66k||0.18% |
Experienced Board: 8CO's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 8CO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.3%.
8common Limited's company bio, employee growth, exchange listings and data sources
- Name: 8common Limited
- Ticker: 8CO
- Exchange: ASX
- Founded: 2014
- Industry: Application Software
- Sector: Software
- Market Cap: AU$13.719m
- Shares outstanding: 182.92m
- Website: https://www.8common.com
- 8common Limited
- 383 George Street
- Level 2
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|8CO||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2014|
|8CO||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2014|
8common Limited develops and distributes software solutions in Australia, Asia, and North America. It offers Expense8, a travel and expense management software solution that manages and streamlines the end ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/11 10:34|
|End of Day Share Price||2020/08/10 00:00|
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.