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CRO

CirraltoASX:CRO Stock Report

Market Cap

AU$198.6m

7D

8.5%

1Y

60.0%

Updated

22 Oct, 2021

Data

Company Financials
CRO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CRO Overview

Cirralto Limited engages in the development and commercialization of technology assets that enable the modernization of business IT systems through conversion, migration, and management of server-based legacy data and systems to the cloud in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Cirralto
Historical stock prices
Current Share PriceAU$0.064
52 Week HighAU$0.029
52 Week LowAU$0.21
Beta2.66
1 Month Change11.30%
3 Month Change3.23%
1 Year Change60.00%
3 Year Change220.00%
5 Year Changen/a
Change since IPO-3.03%

Recent News & Updates

Shareholder Returns

CROAU ITAU Market
7D8.5%1.6%0.7%
1Y60.0%8.6%21.4%

Return vs Industry: CRO exceeded the Australian IT industry which returned 8.6% over the past year.

Return vs Market: CRO exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is CRO's price volatile compared to industry and market?
CRO volatility
CRO Beta2.66
Industry Beta1.68
Market Beta1

Stable Share Price: CRO is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CRO's weekly volatility has decreased from 15% to 8% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aAdrian Floatehttps://www.cirralto.com.au

Cirralto Limited engages in the development and commercialization of technology assets that enable the modernization of business IT systems through conversion, migration, and management of server-based legacy data and systems to the cloud in Australia. The company offers SpendaCollect, a payment system; SpendaPay, an integrated payment solution; SpendaPOS; SpendaMarket, a business-to-business management software; SpendaPool, a pool management platform; Synk’d, a solution to synk data across cloud app eco system into accounting and ERP software; and Flash Convert, a migration tool. It serves retailers, manufacturers, not-for-profits, franchise networks, and buying groups.

Cirralto Fundamentals Summary

How do Cirralto's earnings and revenue compare to its market cap?
CRO fundamental statistics
Market CapAU$198.59m
Earnings (TTM)-AU$11.41m
Revenue (TTM)AU$877.78k

228.6x

P/S Ratio

-17.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRO income statement (TTM)
RevenueAU$877.78k
Cost of RevenueAU$2.34m
Gross Profit-AU$1.46m
ExpensesAU$9.95m
Earnings-AU$11.41m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0037
Gross Margin-166.89%
Net Profit Margin-1,300.19%
Debt/Equity Ratio0%

How did CRO perform over the long term?

See historical performance and comparison

Valuation

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

2.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CRO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CRO's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CRO is good value based on its PB Ratio (2.4x) compared to the AU IT industry average (3.2x).


Future Growth

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

48.5%

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 Cirralto 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 Cirralto performed over the past 5 years?

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRO is currently unprofitable.

Growing Profit Margin: CRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRO is unprofitable, and losses have increased over the past 5 years at a rate of 25.2% per year.

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

Earnings vs Industry: CRO is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-11.2%).


Return on Equity

High ROE: CRO has a negative Return on Equity (-14.04%), as it is currently unprofitable.


Financial Health

How is Cirralto's financial position?


Financial Position Analysis

Short Term Liabilities: CRO's short term assets (A$22.5M) exceed its short term liabilities (A$5.9M).

Long Term Liabilities: CRO has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CRO is debt free.

Reducing Debt: CRO had no debt 5 years ago.


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: CRO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CRO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 3.3% each year


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CRO'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 CRO'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?

0.7yrs

Average management tenure


CEO

Adrian Floate

3.08yrs

Tenure

AU$4,074,540

Compensation

Mr. Adrian Floate is the Founder of Cirralto. Mr. Floate has been the Managing Director of Cirralto Ltd. since September 2018 and served as its Executive Director of Sales since 2014 to 2017.He served as...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD3.05M) is above average for companies of similar size in the Australian market ($USD303.33K).

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


Leadership Team

Experienced Management: CRO's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: CRO's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 94.9%.


Top Shareholders

Company Information

Cirralto Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cirralto Limited
  • Ticker: CRO
  • Exchange: ASX
  • Founded: NaN
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: AU$198.589m
  • Shares outstanding: 3.10b
  • Website: https://www.cirralto.com.au

Location

  • Cirralto Limited
  • 2 Queen Street
  • Suite 103
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:50
End of Day Share Price2021/10/22 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.