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Cirrus Networks Holdings

ASX:CNW
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNW
ASX
A$41M
Market Cap
  1. Home
  2. AU
  3. Software
Company description

Cirrus Networks Holdings Limited, together with its subsidiaries, provides information technology (IT) services and related third-party products in Australia. The last earnings update was 149 days ago. More info.


Add to Portfolio Compare Print
  • Cirrus Networks Holdings has significant price volatility in the past 3 months.
CNW Share Price and Events
7 Day Returns
15%
ASX:CNW
-0.6%
AU IT
0%
AU Market
1 Year Returns
100%
ASX:CNW
10.1%
AU IT
4.8%
AU Market
CNW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cirrus Networks Holdings (CNW) 15% 9.5% -11.5% 100% 43.8% -
AU IT -0.6% 2.6% -0.2% 10.1% 47.6% 44.2%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • CNW outperformed the IT industry which returned 10.1% over the past year.
  • CNW outperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
CNW
Industry
5yr Volatility vs Market

Value

 Is Cirrus Networks Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cirrus Networks Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cirrus Networks Holdings.

ASX:CNW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CNW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.986 (1 + (1- 30%) (4.43%))
1.011
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.011 * 5.96%)
8.34%

Discounted Cash Flow Calculation for ASX:CNW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cirrus Networks Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CNW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.34%)
2020 2.29 Est @ 13.74% 2.12
2021 2.53 Est @ 10.31% 2.15
2022 2.73 Est @ 7.91% 2.15
2023 2.90 Est @ 6.23% 2.10
2024 3.04 Est @ 5.06% 2.04
2025 3.17 Est @ 4.23% 1.96
2026 3.29 Est @ 3.66% 1.88
2027 3.40 Est @ 3.25% 1.79
2028 3.50 Est @ 2.97% 1.70
2029 3.59 Est @ 2.77% 1.61
Present value of next 10 years cash flows A$19.50
ASX:CNW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$3.59 × (1 + 2.31%) ÷ (8.34% – 2.31%)
A$61.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$61.03 ÷ (1 + 8.34%)10
A$27.40
ASX:CNW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$19.50 + A$27.40
A$46.90
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$46.90 / 883.38
A$0.05
ASX:CNW Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.05
Current discount Discount to share price of A$0.05
= -1 x (A$0.05 - A$0.05) / A$0.05
13.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cirrus Networks Holdings is available for.
Intrinsic value
13%
Share price is A$0.046 vs Future cash flow value of A$0.05309
Current Discount Checks
For Cirrus Networks Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cirrus Networks Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Cirrus Networks Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cirrus Networks Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cirrus Networks Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CNW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:CNW Share Price ** ASX (2019-07-19) in AUD A$0.05
Australia IT Industry PE Ratio Median Figure of 17 Publicly-Listed IT Companies 20.72x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cirrus Networks Holdings.

ASX:CNW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CNW Share Price ÷ EPS (both in AUD)

= 0.05 ÷ 0.00

11.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cirrus Networks Holdings is good value based on earnings compared to the AU IT industry average.
  • Cirrus Networks Holdings is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Cirrus Networks Holdings's expected growth come at a high price?
Raw Data
ASX:CNW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-9.9%per year
Australia IT Industry PEG Ratio Median Figure of 12 Publicly-Listed IT Companies 1.21x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cirrus Networks Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cirrus Networks Holdings's assets?
Raw Data
ASX:CNW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:CNW Share Price * ASX (2019-07-19) in AUD A$0.05
Australia IT Industry PB Ratio Median Figure of 32 Publicly-Listed IT Companies 2.99x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:CNW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CNW Share Price ÷ Book Value per Share (both in AUD)

= 0.05 ÷ 0.01

3.87x

* Primary Listing of Cirrus Networks Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cirrus Networks Holdings is overvalued based on assets compared to the AU IT industry average.
X
Value checks
We assess Cirrus Networks Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Cirrus Networks Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cirrus Networks Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Cirrus Networks Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cirrus Networks Holdings expected to grow at an attractive rate?
  • Cirrus Networks Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Cirrus Networks Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Cirrus Networks Holdings's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CNW Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CNW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -9.9%
Australia IT Industry Earnings Growth Rate Market Cap Weighted Average 26.1%
Australia IT Industry Revenue Growth Rate Market Cap Weighted Average 18.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CNW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CNW Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:CNW Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 91 2 3
2018-09-30 84 2 3
2018-06-30 76 1 3
2018-03-31 72 0 1
2017-12-31 67 -1 -1
2017-09-30 61 -1 0
2017-06-30 54 0 0
2017-03-31 42 1 0
2016-12-31 30 2 0
2016-09-30 25 0 -4
2016-06-30 19 -1 -7
2016-03-31 17 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cirrus Networks Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Cirrus Networks Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CNW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cirrus Networks Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CNW Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:CNW Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cirrus Networks Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cirrus Networks Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cirrus Networks Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cirrus Networks Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cirrus Networks Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Cirrus Networks Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Cirrus Networks Holdings has become profitable in the last year making it difficult to compare the AU IT industry average.
Earnings and Revenue History
Cirrus Networks Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cirrus Networks Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CNW Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 91.17 3.36 0.15
2018-09-30 83.63 3.09 0.19
2018-06-30 76.09 2.83 0.23
2018-03-31 71.61 1.06 0.29
2017-12-31 67.12 -0.71 0.36
2017-09-30 60.51 -0.16 0.30
2017-06-30 53.91 0.40 0.23
2017-03-31 42.18 0.24 0.20
2016-12-31 30.46 0.07 0.16
2016-09-30 24.98 -3.68 0.12
2016-06-30 19.50 -7.44 0.07
2016-03-31 17.32 -7.24 -0.32
2015-12-31 15.14 -7.05 -0.71
2015-09-30 15.03 -3.60 -0.36
2015-06-30 14.92 -0.16
2014-06-30 5.87 0.00 1.20
2013-06-30 0.26 -0.11 0.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cirrus Networks Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Cirrus Networks Holdings used its assets more efficiently than the AU IT industry average last year based on Return on Assets.
  • Cirrus Networks Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Cirrus Networks Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cirrus Networks Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cirrus Networks Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cirrus Networks Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cirrus Networks Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cirrus Networks Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cirrus Networks Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cirrus Networks Holdings Company Filings, last reported 6 months ago.

ASX:CNW Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10.51 1.80 4.17
2018-09-30 10.51 1.80 4.17
2018-06-30 10.01 0.83 5.26
2018-03-31 10.01 0.83 5.26
2017-12-31 6.28 1.00 3.83
2017-09-30 6.28 1.00 3.83
2017-06-30 5.72 0.00 3.95
2017-03-31 5.72 0.00 3.95
2016-12-31 3.51 0.00 4.49
2016-09-30 3.51 0.00 4.49
2016-06-30 2.69 0.00 4.03
2016-03-31 2.69 0.00 4.03
2015-12-31 3.28 0.00 3.16
2015-09-30 3.28 0.00 3.16
2015-06-30 0.03 0.00 1.25
2014-06-30 -0.11 0.23 0.27
2013-06-30 -0.11 0.13 0.03
  • Cirrus Networks Holdings's level of debt (17.1%) compared to net worth is satisfactory (less than 40%).
  • Cirrus Networks Holdings had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (127.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 101x coverage).
X
Financial health checks
We assess Cirrus Networks Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cirrus Networks Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cirrus Networks Holdings dividends.
If you bought A$2,000 of Cirrus Networks Holdings shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cirrus Networks Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cirrus Networks Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CNW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia IT Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CNW Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cirrus Networks Holdings has not reported any payouts.
  • Unable to verify if Cirrus Networks Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cirrus Networks Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cirrus Networks Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cirrus Networks Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cirrus Networks Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cirrus Networks Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cirrus Networks Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Sullivan
COMPENSATION A$398,827
CEO Bio

Mr. Matthew Leon Sullivan, also known as Matt, has been the Chief Executive Officer and Executive Director at Cirrus Networks Holdings Limited since December 21, 2016 and March, 2016 respectively. Mr. Sullivan serves as Managing Director at Cirrus Networks Pty Ltd. Mr. Sullivan served as the Chief Executive Officer and Managing Director of Amcom L7 Solutions Pty Ltd. Mr. Sullivan oversaw the Executive Management Team of L7 and was responsible for the delivery of the professional services. He served as the Co- Founder and Chief Executive Officer at L7 Solutions since 2004 until 2011. He served as Chief Solutions Officer at Amcom Telecommunications Ltd. until June 30, 2013. He has held various executive roles over the past fifteen years within strong performing organizations in Australia. He was engaged by the iiNet Group in 2002/2003 as their Acquisition/Integration Manager where he worked with the Executive Management Team during their rapid expansion program. He served as a Director of Amcom L7 Solutions Pty Ltd. He served as a Non Executive Director at Cirrus Networks Pty Ltd. from July 02, 2015 to March 2016. He was a member of various vendor advisory boards within Southeast Asia. Mr. Sullivan was also twice included in BRW’s 40 under 40, achieved Western Region finalist in the 2010 Ernst & Young Entrepreneur of the Year program and was a member of various vendor advisory boards within Southeast Asia. Prior to this, he performed within various Integration companies and was sponsored through his Engineering degree at Curtin University by Western Power and graduated in 1994.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is about average for companies of similar size in Australia.
Management Team

Matt Sullivan

TITLE
CEO, MD & Executive Director
COMPENSATION
A$399K

Matt Green

TITLE
Chief Financial Officer
TENURE
3.8 yrs

Catherine Anderson

TITLE
Company Secretary
TENURE
8.3 yrs

Christopher McLaughlin

TITLE
Executive Officer
Board of Directors Tenure

Average tenure of the Cirrus Networks Holdings board of directors in years:

4
Average Tenure
  • The tenure for the Cirrus Networks Holdings board of directors is about average.
Board of Directors

Andrew Milner

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$100K
AGE
48
TENURE
4 yrs

Matt Sullivan

TITLE
CEO, MD & Executive Director
COMPENSATION
A$399K
TENURE
4 yrs

Dan Rohr

TITLE
Non-Executive Director
COMPENSATION
A$77K
TENURE
4 yrs

Paul Everingham

TITLE
Non-Executive Director
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Apr 19 Buy MAM Pty Limited Company 22. Feb 19 11. Apr 19 59,489,632 A$0.05 A$2,391,414
17. Dec 18 Buy Paul Everingham Individual 14. Dec 18 14. Dec 18 1,180,000 A$0.02 A$20,060
12. Nov 18 Buy Matthew Sullivan Individual 09. Nov 18 09. Nov 18 1,000,000 A$0.02 A$18,100
26. Oct 18 Buy Paul Everingham Individual 25. Oct 18 25. Oct 18 1,100,000 A$0.02 A$19,250
15. Oct 18 Buy Paul Everingham Individual 12. Oct 18 12. Oct 18 600,000 A$0.02 A$10,200
18. Sep 18 Buy Paul Everingham Individual 18. Sep 18 18. Sep 18 2,000,000 A$0.02 A$39,999
07. Sep 18 Buy Matthew Sullivan Individual 06. Sep 18 06. Sep 18 250,000 A$0.02 A$4,500
X
Management checks
We assess Cirrus Networks Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cirrus Networks Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Cirrus Networks Holdings Limited (ASX:CNW) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Cirrus Networks Holdings Limited (ASX:CNW). … Our data shows Cirrus Networks Holdings has a return on equity of 28% for the last year.

Simply Wall St -

Who Really Owns Cirrus Networks Holdings Limited (ASX:CNW)?

In this analysis, my focus will be on developing a perspective on Cirrus Networks Holdings Limited’s (ASX:CNW) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for Cirrus Networks Holdings

Simply Wall St -

Company Info

Description

Cirrus Networks Holdings Limited, together with its subsidiaries, provides information technology (IT) services and related third-party products in Australia. It offers a range of solutions, such as data center and cloud, convergence, network design and optimization, business continuity, end user computing, unified communications and IP telephony, lifecycle management, IT consulting and management, and project management, as well as storage, big data, and data management solutions. The company also provides infrastructure, network, backup, IT security, and service desk managed services. In addition, it offers auditing, diagnostic, monitoring, and secure access services to comply and protect networks and data. The company serves SME and government organizations. Cirrus Networks Holdings Limited was founded in 2003 and is headquartered in Subiaco, Australia.

Details
Name: Cirrus Networks Holdings Limited
CNW
Exchange: ASX
Founded: 2003
A$40,635,668
883,384,099
Website: http://www.cirrusnetworks.com.au
Address: Cirrus Networks Holdings Limited
Arcadia Chambers,
Level 2,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CNW Ordinary Shares Australian Securities Exchange AU AUD 06. Jul 2015
OTCPK LYRT.F Ordinary Shares Pink Sheets LLC US USD 06. Jul 2015
DB LG4 Ordinary Shares Deutsche Boerse AG DE EUR 06. Jul 2015
CHIA CNW Ordinary Shares Chi-X Australia AU AUD 06. Jul 2015
Number of employees
Current staff
Staff numbers
0
Cirrus Networks Holdings employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:40
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2017/08/29
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.