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CNW

Cirrus Networks Holdings ASX:CNW Stock Report

Last Price

AU$0.032

Market Cap

AU$29.8m

7D

-5.9%

1Y

0%

Updated

02 Oct, 2022

Data

Company Financials +
CNW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends0/6

CNW Stock Overview

Cirrus Networks Holdings Limited, together with its subsidiaries, provides information technology (IT) services and related third-party products in Australia.

Cirrus Networks Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cirrus Networks Holdings
Historical stock prices
Current Share PriceAU$0.032
52 Week HighAU$0.037
52 Week LowAU$0.024
Beta1.83
1 Month Change-3.03%
3 Month Change18.52%
1 Year Change0%
3 Year Change-20.00%
5 Year Change52.38%
Change since IPO14.29%

Recent News & Updates

Shareholder Returns

CNWAU ITAU Market
7D-5.9%-1.3%-1.7%
1Y0%-11.2%-10.8%

Return vs Industry: CNW exceeded the Australian IT industry which returned -11.2% over the past year.

Return vs Market: CNW exceeded the Australian Market which returned -10.8% over the past year.

Price Volatility

Is CNW's price volatile compared to industry and market?
CNW volatility
CNW Average Weekly Movement9.0%
IT Industry Average Movement10.9%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: CNW is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CNW's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aChris McLaughlinhttps://www.cirrusnetworks.com.au

Cirrus Networks Holdings Limited, together with its subsidiaries, provides information technology (IT) services and related third-party products in Australia. The company also offers advisory services for strategic plans, architecture, governance, procurement, cloud, IOT, and program and asset management; integration services, such as solution and planning definition, design service, technology assessments, solution architecture, integration, and migration, data management, technology roadmaps, and project management and field services; managed services; and cyber security services. It also provides technical solution, including network and collaboration, hybrid platform and security, workspace, and network security.

Cirrus Networks Holdings Fundamentals Summary

How do Cirrus Networks Holdings's earnings and revenue compare to its market cap?
CNW fundamental statistics
Market CapAU$29.76m
Earnings (TTM)AU$471.37k
Revenue (TTM)AU$104.11m

64.0x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNW income statement (TTM)
RevenueAU$104.11m
Cost of RevenueAU$100.08m
Gross ProfitAU$4.03m
Other ExpensesAU$3.56m
EarningsAU$471.37k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0005
Gross Margin3.88%
Net Profit Margin0.45%
Debt/Equity Ratio0%

How did CNW perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CNW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNW?

Other financial metrics that can be useful for relative valuation.

CNW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA23.5x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does CNW's PE Ratio compare to its peers?

CNW PE Ratio vs Peers
The above table shows the PE ratio for CNW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
CGO CPT Global
9.9xn/aAU$14.6m
ATA Atturra
21.8x16.6%AU$157.4m
APX Appen
19.9x57.7%AU$385.2m
DTL Data#3
31.9x13.5%AU$966.2m
CNW Cirrus Networks Holdings
64x72.3%AU$29.8m

Price-To-Earnings vs Peers: CNW is expensive based on its Price-To-Earnings Ratio (64x) compared to the peer average (20.9x).


Price to Earnings Ratio vs Industry

How does CNW's PE Ratio compare vs other companies in the Global IT Industry?

Price-To-Earnings vs Industry: CNW is expensive based on its Price-To-Earnings Ratio (64x) compared to the Global IT industry average (20.1x)


Price to Earnings Ratio vs Fair Ratio

What is CNW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64x
Fair PE Ratio54.6x

Price-To-Earnings vs Fair Ratio: CNW is expensive based on its Price-To-Earnings Ratio (64x) compared to the estimated Fair Price-To-Earnings Ratio (54.6x).


Share Price vs Fair Value

What is the Fair Price of CNW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNW (A$0.03) is trading below our estimate of fair value (A$0.06)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


72.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNW's forecast earnings growth (72.3% per year) is above the savings rate (1.8%).

Earnings vs Market: CNW's earnings (72.3% per year) are forecast to grow faster than the Australian market (6.5% per year).

High Growth Earnings: CNW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CNW's revenue (6.5% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: CNW's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Discover growth companies

Past Performance

How has Cirrus Networks Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CNW has a large one-off loss of A$513.8K impacting its June 30 2022 financial results.

Growing Profit Margin: CNW's current net profit margins (0.5%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: CNW has become profitable over the past 5 years, growing earnings by -14.1% per year.

Accelerating Growth: CNW's earnings growth over the past year (6.9%) exceeds its 5-year average (-14.1% per year).

Earnings vs Industry: CNW earnings growth over the past year (6.9%) underperformed the IT industry 9.1%.


Return on Equity

High ROE: CNW's Return on Equity (2.8%) is considered low.


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Financial Health

How is Cirrus Networks Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CNW's short term assets (A$25.9M) exceed its short term liabilities (A$22.9M).

Long Term Liabilities: CNW's short term assets (A$25.9M) exceed its long term liabilities (A$1.5M).


Debt to Equity History and Analysis

Debt Level: CNW is debt free.

Reducing Debt: CNW has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

Debt Coverage: CNW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CNW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Cirrus Networks Holdings Dividend Yield vs Market
How does Cirrus Networks Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Cirrus Networks Holdings)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.1%
Industry Average (IT)2.5%
Analyst forecast in 3 Years (Cirrus Networks Holdings)n/a

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

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

Growing Dividend: Insufficient data to determine if CNW's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CNW has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Chris McLaughlin

1yr

Tenure

AU$407,824

Compensation

Mr. Christopher McLaughlin, also known as Chris, serves as Director at Cirrus Networks Holdings Limited since October 01, 2021. He serves as Managing Director and Chief Executive Officer at Cirrus Networks...


CEO Compensation Analysis

Chris McLaughlin's Compensation vs Cirrus Networks Holdings Earnings
How has Chris McLaughlin's remuneration changed compared to Cirrus Networks Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$408kAU$291k

AU$471k

Mar 31 2022n/an/a

-AU$1m

Dec 31 2021n/an/a

-AU$3m

Sep 30 2021n/an/a

-AU$1m

Jun 30 2021AU$332kAU$243k

AU$441k

Mar 31 2021n/an/a

AU$2m

Dec 31 2020n/an/a

AU$4m

Sep 30 2020n/an/a

AU$3m

Jun 30 2020AU$321kAU$227k

AU$3m

Mar 31 2020n/an/a

AU$2m

Dec 31 2019n/an/a

AU$397k

Sep 30 2019n/an/a

AU$587k

Jun 30 2019AU$270kAU$239k

AU$776k

Compensation vs Market: Chris's total compensation ($USD262.74K) is about average for companies of similar size in the Australian market ($USD274.64K).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CNW's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: CNW's board of directors are not considered experienced ( 2.1 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: CNW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:CNW Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
27 Sep 22BuyAU$10,065Adam WaterworthIndividual314,536AU$0.032
01 Sep 22BuyAU$18,569Adam WaterworthIndividual568,324AU$0.033
23 Aug 22BuyAU$392,215Microequities Asset Management Pty LimitedCompany12,238,226AU$0.032
22 Aug 22SellAU$5,505,476Webcentral LimitedCompany172,046,292AU$0.032
11 Aug 22BuyAU$302,199Microequities Asset Management Pty LimitedCompany9,338,554AU$0.032
13 Jul 22BuyAU$10,030Paul EveringhamIndividual295,000AU$0.034
13 Jul 22BuyAU$13,493Adam WaterworthIndividual400,000AU$0.034
12 Jul 22BuyAU$14,186Adam WaterworthIndividual441,564AU$0.032
23 May 22BuyAU$36,725Adam WaterworthIndividual1,188,014AU$0.031
18 May 22BuyAU$54,405Adam WaterworthIndividual1,918,755AU$0.028
18 May 22BuyAU$10,000Christopher McLaughlinIndividual333,333AU$0.03
14 Apr 22BuyAU$331Paul EveringhamIndividual10,351AU$0.032
08 Apr 22BuyAU$47,054Adam WaterworthIndividual1,461,108AU$0.032
08 Apr 22BuyAU$63,669Paul EveringhamIndividual1,989,649AU$0.032
07 Apr 22BuyAU$58,075Adam WaterworthIndividual1,838,892AU$0.032
01 Nov 21BuyAU$222,032Microequities Asset Management Pty LimitedCompany6,728,252AU$0.033

Ownership Breakdown

What is the ownership structure of CNW?
Owner TypeNumber of SharesOwnership Percentage
Public Companies4,8890.0005%
Private Companies19,000,0002.0%
Institutions70,224,7397.6%
Individual Insiders280,398,52430.2%
General Public560,378,23360.3%

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


Top Shareholders

Top 19 shareholders own 39.74% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.55%
Microequities Asset Management Pty Limited
70,224,739A$2.2m44.35%1.43%
5.54%
Adam Waterworth
51,497,452A$1.6m3.46%no data
4.05%
Andrew Milner
37,623,387A$1.2m0%no data
3.95%
Matthew Green
36,700,000A$1.2m0%no data
3.07%
David Schwartz
28,568,824A$914.2k53.85%no data
2.38%
Paul Everingham
22,175,000A$709.6k1.35%no data
2.37%
Mark Oliver
22,000,000A$704.0k0%no data
1.93%
Matthew Sullivan
17,904,551A$572.9k0%no data
1.88%
Grahame Gilson
17,466,478A$558.9k0%no data
1.27%
Christopher Stevens
11,779,477A$376.9k0%no data
1.18%
Neon Space Pty Ltd
11,000,000A$352.0k0%no data
1.03%
Matthew Milner
9,615,000A$307.7k16.87%no data
0.86%
F Fairthorne Junior Holdings Pty Ltd
8,000,000A$256.0k0%no data
0.83%
Daniel Rohr
7,678,863A$245.7k0%no data
0.75%
Anthony Wamsteker
7,000,000A$224.0k0%no data
0.48%
Gavin Lehmann
4,470,033A$143.0k0%no data
0.48%
Michelle Lehmann
4,470,033A$143.0k0%no data
0.16%
Christopher McLaughlin
1,449,426A$46.4k0%no data
0.00053%
Webcentral Limited
4,889A$156.4-100%no data

Company Information

Cirrus Networks Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cirrus Networks Holdings Limited
  • Ticker: CNW
  • Exchange: ASX
  • Founded: 2003
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: AU$29.760m
  • Shares outstanding: 930.01m
  • Website: https://www.cirrusnetworks.com.au

Location

  • Cirrus Networks Holdings Limited
  • 108 St Georges Terrace
  • Level 28
  • Perth
  • Western Australia
  • 6000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNWASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2015
CNWCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2015
LG4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.