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9SP

9 Spokes InternationalASX:9SP Stock Report

Market Cap

AU$20.9m

7D

3.7%

1Y

-56.3%

Updated

22 Oct, 2021

Data

Company Financials
9SP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

9SP Overview

9 Spokes International Limited, together with its subsidiaries, operates a data platform that aggregates data across businesses, apps, and banks in Europe, North America, and the Asia Pacific.

9 Spokes International Competitors

Maestrano Group

AIM:MNO

UK£23.4m

Price History & Performance

Summary of all time highs, changes and price drops for 9 Spokes International
Historical stock prices
Current Share PriceAU$0.014
52 Week HighAU$0.012
52 Week LowAU$0.035
Beta1.11
1 Month Change7.69%
3 Month Change-12.50%
1 Year Change-56.25%
3 Year Change-22.22%
5 Year Change-92.00%
Change since IPO-90.67%

Recent News & Updates

Jul 09
We Think Some Shareholders May Hesitate To Increase 9 Spokes International Limited's (ASX:9SP) CEO Compensation

We Think Some Shareholders May Hesitate To Increase 9 Spokes International Limited's (ASX:9SP) CEO Compensation

In the past three years, the share price of 9 Spokes International Limited ( ASX:9SP ) has struggled to grow and now...

Jun 06
Here's Why We're Watching 9 Spokes International's (ASX:9SP) Cash Burn Situation

Here's Why We're Watching 9 Spokes International's (ASX:9SP) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

9SPAU SoftwareAU Market
7D3.7%2.2%0.7%
1Y-56.3%28.7%21.4%

Return vs Industry: 9SP underperformed the Australian Software industry which returned 28.7% over the past year.

Return vs Market: 9SP underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is 9SP's price volatile compared to industry and market?
9SP volatility
9SP Beta1.11
Industry Beta0.85
Market Beta1

Stable Share Price: 9SP is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 9SP's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2011n/aAdrian Granthttps://www.9spokes.com

9 Spokes International Limited, together with its subsidiaries, operates a data platform that aggregates data across businesses, apps, and banks in Europe, North America, and the Asia Pacific. Its business dashboard offers insights and information to manage and grow business. The company serves retailers, eateries, fitness studios, distillers, carpenters, and IT companies, as well as digital start-ups, single-site stores, and burgeoning chains.

9 Spokes International Fundamentals Summary

How do 9 Spokes International's earnings and revenue compare to its market cap?
9SP fundamental statistics
Market CapNZ$21.81m
Earnings (TTM)-NZ$5.09m
Revenue (TTM)NZ$5.73m

3.8x

P/S Ratio

-4.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9SP income statement (TTM)
RevenueNZ$5.73m
Cost of RevenueNZ$1.96m
Gross ProfitNZ$3.77m
ExpensesNZ$8.86m
Earnings-NZ$5.09m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0034
Gross Margin65.78%
Net Profit Margin-88.95%
Debt/Equity Ratio0%

How did 9SP perform over the long term?

See historical performance and comparison

Valuation

Is 9 Spokes International undervalued compared to its fair value and its price relative to the market?

3.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 9SP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 9SP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 9SP is unprofitable, so we can't compare its PE Ratio to the Australian Software industry average.

PE vs Market: 9SP 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 9SP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9SP is good value based on its PB Ratio (3x) compared to the AU Software industry average (5.2x).


Future Growth

How is 9 Spokes International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.1%

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 9 Spokes International 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.


Past Performance

How has 9 Spokes International performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9SP is currently unprofitable.

Growing Profit Margin: 9SP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 9SP is unprofitable, but has reduced losses over the past 5 years at a rate of 16.7% per year.

Accelerating Growth: Unable to compare 9SP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 9SP is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (37.5%).


Return on Equity

High ROE: 9SP has a negative Return on Equity (-71.2%), as it is currently unprofitable.


Financial Health

How is 9 Spokes International's financial position?


Financial Position Analysis

Short Term Liabilities: 9SP's short term assets (NZ$10.7M) exceed its short term liabilities (NZ$3.1M).

Long Term Liabilities: 9SP's short term assets (NZ$10.7M) exceed its long term liabilities (NZ$1.6M).


Debt to Equity History and Analysis

Debt Level: 9SP is debt free.

Reducing Debt: 9SP 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: 9SP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 9SP has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 11.7% each year.


Dividend

What is 9 Spokes International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 9SP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 9SP'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 9SP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9SP'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 9SP'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?

0.8yrs

Average management tenure


CEO

Adrian Grant

2.75yrs

Tenure

NZ$527,000

Compensation

Mr. Adrian David Grant serves as the Chief Executive Officer of Umbrellar Limited. Mr. Grant co-founded 9 Spokes International Limited in 2011 and has been its Executive Director since August 17, 2017 and...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD378.37K) is about average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Adrian's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 9SP's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: 9SP's board of directors are considered experienced (4.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

9 Spokes International Limited's employee growth, exchange listings and data sources


Key Information

  • Name: 9 Spokes International Limited
  • Ticker: 9SP
  • Exchange: ASX
  • Founded: 2011
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$20.907m
  • Shares outstanding: 1.49b
  • Website: https://www.9spokes.com

Number of Employees


Location

  • 9 Spokes International Limited
  • AECOM House
  • Level 5
  • Auckland
  • 1010
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:50
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.