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CNW

Cirrus Networks HoldingsASX:CNW Stock Report

Market Cap

AU$29.8m

7D

6.7%

1Y

6.7%

Updated

23 Sep, 2021

Data

Company Financials
CNW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

CNW Overview

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

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$0.025
52 Week LowAU$0.037
Beta1.86
1 Month Change-8.57%
3 Month Change10.35%
1 Year Change6.67%
3 Year Change68.42%
5 Year Change10.35%
Change since IPO14.29%

Recent News & Updates

Shareholder Returns

CNWAU ITAU Market
7D6.7%0.9%-2.3%
1Y6.7%31.3%25.4%

Return vs Industry: CNW underperformed the Australian IT industry which returned 31.3% over the past year.

Return vs Market: CNW underperformed the Australian Market which returned 25.4% over the past year.

Price Volatility

Is CNW's price volatile compared to industry and market?
CNW volatility
CNW Beta1.86
Industry Beta1.67
Market Beta1

Stable Share Price: CNW is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CNW's weekly volatility (10%) 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 connectivity and communication, data center, collaboration, security, and project management and people services; managed services; and infrastructure services. Cirrus Networks Holdings Limited was incorporated in 2003 and is based in Perth, Australia.

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$440.92k
Revenue (TTM)AU$106.37m

68.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNW income statement (TTM)
RevenueAU$106.37m
Cost of RevenueAU$101.76m
Gross ProfitAU$4.61m
ExpensesAU$4.17m
EarningsAU$440.92k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00049
Gross Margin4.34%
Net Profit Margin0.41%
Debt/Equity Ratio0%

How did CNW perform over the long term?

See historical performance and comparison

Valuation

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

15.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNW (A$0.03) is trading below our estimate of fair value (A$0.04)

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


Price To Earnings Ratio

PE vs Industry: CNW is poor value based on its PE Ratio (68.1x) compared to the Australian IT industry average (37.7x).

PE vs Market: CNW is poor value based on its PE Ratio (68.1x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CNW is good value based on its PB Ratio (1.8x) compared to the AU IT industry average (3.3x).


Future Growth

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

49.4%

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

54.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNW has a large one-off gain of A$1.5M impacting its June 30 2021 financial results.

Growing Profit Margin: CNW's current net profit margins (0.4%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: CNW has become profitable over the past 5 years, growing earnings by 54.7% per year.

Accelerating Growth: CNW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNW had negative earnings growth (-84.6%) over the past year, making it difficult to compare to the IT industry average (-11.2%).


Return on Equity

High ROE: CNW's Return on Equity (2.7%) is considered low.


Financial Health

How is Cirrus Networks Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CNW's short term assets (A$32.0M) exceed its short term liabilities (A$29.0M).

Long Term Liabilities: CNW's short term assets (A$32.0M) exceed its long term liabilities (A$1.8M).


Debt to Equity History and Analysis

Debt Level: CNW is debt free.

Reducing Debt: CNW had no debt 5 years ago.

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


Dividend

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


Dividend Yield vs Market

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.


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 CNW'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?

3.2yrs

Average board tenure


CEO

Chris McLaughlin

no data

Tenure

AU$332,395

Compensation

Mr. Christopher McLaughlin, also known as Chris, serves as Chief Operating Officer at Cirrus Networks Holdings Limited since 2020 and serves as Acting Chief Executive Officer since September 13, 2021 and s...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD241.37K) is about average for companies of similar size in the Australian market ($USD281.32K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: CNW's board of directors are considered experienced (3.2 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 been diluted in the past year, with total shares outstanding growing by 5.3%.


Top Shareholders

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
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:04
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.