ASX:BID

Stock Analysis Report

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Executive Summary

BidEnergy Limited provides energy spend management services through its cloud-based software platform in Australia, the United Kingdom, and the United States. More Details


Snowflake Analysis

Excellent balance sheet with high growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BID is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BID's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

BID

0.3%

AU Software

-0.6%

AU Market


1 Year Return

85.5%

BID

29.8%

AU Software

0.009%

AU Market

Return vs Industry: BID exceeded the Australian Software industry which returned 24.5% over the past year.

Return vs Market: BID exceeded the Australian Market which returned -3.1% over the past year.


Shareholder returns

BIDIndustryMarket
7 Day-1.7%0.3%-0.6%
30 Day16.2%9.7%11.0%
90 Day12.2%10.6%8.8%
1 Year85.5%85.5%30.8%29.8%3.4%0.009%
3 Year1,779.1%1,779.1%131.9%123.3%23.0%7.8%
5 Yearn/a205.0%183.5%58.4%26.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BID (A$1.15) is trading below our estimate of fair value (A$3)

Significantly Below Fair Value: BID is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BID is overvalued based on its PB Ratio (17x) compared to the AU Software industry average (5.9x).


Next Steps

Future Growth

How is BidEnergy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

106.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BID is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: BID is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BID's is expected to become profitable in the next 3 years.

Revenue vs Market: BID's revenue (31% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: BID's revenue (31% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BID's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BidEnergy performed over the past 5 years?

-14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BID is currently unprofitable.

Growing Profit Margin: BID is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BID is unprofitable, and losses have increased over the past 5 years at a rate of 14% per year.

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

Earnings vs Industry: BID is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.2%).


Return on Equity

High ROE: BID has a negative Return on Equity (-77.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is BidEnergy's financial position?


Financial Position Analysis

Short Term Liabilities: BID's short term assets (A$9.0M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: BID's short term assets (A$9.0M) exceed its long term liabilities (A$520.6K).


Debt to Equity History and Analysis

Debt Level: BID's debt to equity ratio (4%) is considered satisfactory.

Reducing Debt: BID's debt to equity ratio has reduced from 254.4% to 4% 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: BID has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BID has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BID'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 BID'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

Guy Maine

2.83yrs

Tenure

AU$650,438

Compensation

Mr. Guy Maine has been a Managing Director and Executive Director of BidEnergy Limited since January 17, 2018. Mr. Maine has extensive experience building businesses and developing products for leading Aus...


CEO Compensation Analysis

Compensation vs Market: Guy's total compensation ($USD477.98K) is above average for companies of similar size in the Australian market ($USD282.40K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Guy Maine
MD & Executive Director2.83yrsAU$650.44k0.13%
A$ 223.4k
Anthony Du Preez
Founder & CTOno datano data3.92%
A$ 6.5m
Fionn O'Keeffe
Chief Financial Officerno datano datano data
Marco Miranda
Chief Operating Officer0.33yrno datano data
Lior Harel
General Counsel & Company Secretary0.17yrno datano data
Trudi Masalski
Head of Global Marketing & Communications0.83yrno datano data
Darren Knihnicki
Chief Commercial Officer1.5yrsAU$220.35kno data
Rodney Frye
President of USA0.083yrno datano data

0.6yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Guy Maine
MD & Executive Director2.83yrsAU$650.44k0.13%
A$ 223.4k
Geoffrey Kleemann
Interim Independent Non-Executive Chairman0.42yrAU$115.98k0.18%
A$ 300.3k
Leanne Graham
Independent Non-Executive Director4.33yrsAU$194.77k0.17%
A$ 278.4k
David Hancock
Non-Executive Director0.25yrno data0.46%
A$ 764.0k

1.6yrs

Average Tenure

Experienced Board: BID's board of directors are not considered experienced ( 1.6 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: BidEnergy Limited
  • Ticker: BID
  • Exchange: ASX
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$166.169m
  • Shares outstanding: 140.23m
  • Website: https://www.billidentity.com

Location

  • BidEnergy Limited
  • 360 Elizabeth Street
  • Level 49
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BIDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2016
BIDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2016
BIDOASX (Australian Securities Exchange)ShsAUAUDJul 2017

Biography

BidEnergy Limited provides energy spend management services through its cloud-based software platform in Australia, the United Kingdom, and the United States. It offers utility bill expense management and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 07:07
End of Day Share Price2020/12/01 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.