ASX:BTH

Stock Analysis Report

Bigtincan Holdings

Executive Summary

Bigtincan Holdings Limited, a software development company, provides software as a services (SaaS) application platform.

Snowflake

Fundamentals

Excellent balance sheet with high growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

BTH

-5.4%

AU Software

-1.0%

AU Market


1 Year Return

57.5%

BTH

45.6%

AU Software

12.2%

AU Market

Return vs Industry: BTH exceeded the Australian Software industry which returned 42.6% over the past year.

Return vs Market: BTH exceeded the Australian Market which returned 11.9% over the past year.


Shareholder returns

BTHIndustryMarket
7 Day0.9%-5.4%-1.0%
30 Day-4.2%-6.0%-1.4%
90 Day16.2%-5.8%-1.9%
1 Year59.5%57.5%46.9%45.6%18.8%12.2%
3 Yearn/a130.2%120.9%38.4%19.8%
5 Yearn/a161.5%140.3%50.8%16.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BTH (A$0.58) is trading below our estimate of fair value (A$0.92)

Significantly Below Fair Value: BTH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BTH is overvalued based on its PB Ratio (5.3x) compared to the AU Software industry average (4.3x).


Next Steps

Future Growth

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

95.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: BTH's revenue (21.4% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: BTH's revenue (21.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BTH's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Bigtincan Holdings performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BTH is unprofitable, but has reduced losses over the past 5 years at a rate of 7.6% per year.

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

Earnings vs Industry: BTH is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (22.6%).


Return on Equity

High ROE: BTH has a negative Return on Equity (-14.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: BTH is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BTH is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Bigtincan Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BTH's short term assets (A$32.7M) exceeds its short term liabilities (A$14.2M)

Long Term Liabilities: BTH's short term assets (32.7M) exceeds its long term liabilities (3.4M)


Debt to Equity History and Analysis

Debt Level: BTH is debt free.

Reducing Debt: BTH had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BTH'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: BTH has sufficient cash runway for more than a year based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if BTH's dividends per share have been stable in the past.

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

1.5yrs

Average management tenure


CEO

David Keane 0

0yrs

Tenure

AU$505,870

Compensation

Mr. David Keane is the Co-Founder of BigTinCan Holdings Limited and has been its Chief Executive Officer. Mr. Keane has been Executive Director at BigTinCan Holdings Limited since January 03, 2012 Mr. K ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether David's total compensation is reasonable compared to companies of similar size in the Australian market.

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


Management Age and Tenure

1.5yrs

Average Tenure

Experienced Management: BTH's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

3.1yrs

Average Tenure

63yo

Average Age

Experienced Board: BTH's board of directors are considered experienced (3.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyAU$7,636,86404 Oct 19
Regal Funds Management Pty Limited
EntityCompany
Shares14,411,876
Max PriceAU$0.53
SellAU$550,33604 Oct 19
Regal Funds Management Pty Limited
EntityCompany
Shares1,030,884
Max PriceAU$0.53
SellAU$1,413,49302 Oct 19
Australian Ethical Investment Ltd
EntityCompany
Shares2,374,051
Max PriceAU$0.62
SellAU$1,079,99901 Oct 19
Southern Cross Venture Partners
EntityCompany
Shares2,000,000
Max PriceAU$0.54
SellAU$1,079,99901 Oct 19
SB China Venture Capital
EntityCompany
Shares2,000,000
Max PriceAU$0.54
SellAU$1,079,99930 Sep 19
Estate Of Geoffrey Cohen
EntityCompany
Shares2,000,000
Max PriceAU$0.54
BuyAU$40,12508 Aug 19
David Keane
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceAU$0.40
SellAU$1,283,59821 May 19
Australian Ethical Investment Ltd
EntityCompany
Shares2,468,367
Max PriceAU$0.58
BuyAU$2,176,96421 May 19
Australian Ethical Investment Ltd
EntityCompany
Shares5,076,365
Max PriceAU$0.43
BuyAU$3,629,28729 Apr 19
Regal Funds Management Pty Limited
EntityCompany
Shares9,024,087
Max PriceAU$0.40
SellAU$792,33629 Apr 19
Regal Funds Management Pty Limited
EntityCompany
Shares1,690,379
Max PriceAU$0.47
SellAU$1,246,14022 Apr 19
Estate Of Geoffrey Cohen
EntityCompany
Shares3,000,000
Max PriceAU$0.42
SellAU$782,00307 Mar 19
Australian Ethical Investment Ltd
EntityCompany
Shares1,994,194
Max PriceAU$0.41
BuyAU$1,448,72809 Jan 19
Australian Ethical Investment Ltd
EntityCompany
Shares4,849,612
Max PriceAU$0.32
SellAU$518,05709 Jan 19
Australian Ethical Investment Ltd
EntityCompany
Shares1,500,000
Max PriceAU$0.35

Ownership Breakdown


Management Team

  • Vivian Stewart (47yo)

    Chief Operating Officer

    • Tenure: 1.5yrs
  • David Keane

    Co-Founder

    • Tenure: 0yrs
    • Compensation: AU$505.87k
  • Patrick Welch

    President & Chief Marketing Officer

    • Tenure: 1.5yrs
  • Mark Ohlsson

    Company Secretary

    • Tenure: 7.8yrs
  • Kent Erickson

    Senior Vice President of Product Management

    • Tenure: 1.5yrs
  • Mike Maggio

    Head of European Operations

    • Tenure: 1.5yrs

Board Members

  • John Scull (63yo)

    Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: AU$45.00k
  • Tom Amos (68yo)

    Independent Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: AU$120.00k
  • David Keane

    Co-Founder

    • Tenure: 0yrs
    • Compensation: AU$505.87k
  • Wayne Stevenson (60yo)

    Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: AU$85.00k

Company Information

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


Key Information

  • Name: Bigtincan Holdings Limited
  • Ticker: BTH
  • Exchange: ASX
  • Founded: 2012
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$171.309m
  • Shares outstanding: 305.91m
  • Website: https://www.bigtincan.com

Location

  • Bigtincan Holdings Limited
  • 320 Pitt Street
  • Level 20
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2017
BTHCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2017

Biography

Bigtincan Holdings Limited, a software development company, provides software as a services (SaaS) application platform. It offers Bigtincan hub, a SaaS application platform for mobile workforces to enable ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 10:43
End of Day Share Price2019/10/23 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.