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CV1

CV CheckASX:CV1 Stock Report

Market Cap

AU$73.0m

7D

3.0%

1Y

0%

Updated

16 Oct, 2021

Data

Company Financials
CV1 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CV1 Overview

CV Check Ltd, together with its subsidiaries, provides screening and verification services to for organisations, employers, and individuals in Australia and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for CV Check
Historical stock prices
Current Share PriceAU$0.17
52 Week HighAU$0.12
52 Week LowAU$0.21
Beta1.17
1 Month Change-5.56%
3 Month Change6.25%
1 Year Change0%
3 Year Change146.38%
5 Year Change54.55%
Change since IPO-19.05%

Recent News & Updates

Jun 03
We're Not Very Worried About CV Check's (ASX:CV1) Cash Burn Rate

We're Not Very Worried About CV Check's (ASX:CV1) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Mar 24
We Take A Look At Why CV Check Ltd's (ASX:CV1) CEO Compensation Is Well Earned

We Take A Look At Why CV Check Ltd's (ASX:CV1) CEO Compensation Is Well Earned

It would be hard to discount the role that CEO Rod Sherwood has played in delivering the impressive results at CV Check...

Mar 18
Have Insiders Been Selling CV Check Ltd (ASX:CV1) Shares?

Have Insiders Been Selling CV Check Ltd (ASX:CV1) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Shareholder Returns

CV1AU ITAU Market
7D3.0%0.7%0.9%
1Y0%9.0%20.2%

Return vs Industry: CV1 underperformed the Australian IT industry which returned 9% over the past year.

Return vs Market: CV1 underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CV1's price volatile compared to industry and market?
CV1 volatility
CV1 Beta1.17
Industry Beta1.68
Market Beta1

Stable Share Price: CV1 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CV1's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aMichael Ivanchenkohttps://cvcheck.com

CV Check Ltd, together with its subsidiaries, provides screening and verification services to for organisations, employers, and individuals in Australia and New Zealand. It offers national police checks; employment reference checks; employment and qualification checks; VEVO visa and work entitlement checks; credit, financial, and business checks; traffic and license checks; and international checks, as well as predictive psychometric assessments services. The company also provides SaaS-based workforce management and compliance technology systems.

CV Check Fundamentals Summary

How do CV Check's earnings and revenue compare to its market cap?
CV1 fundamental statistics
Market CapAU$72.99m
Earnings (TTM)-AU$1.01m
Revenue (TTM)AU$17.98m

4.1x

P/S Ratio

-72.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CV1 income statement (TTM)
RevenueAU$17.98m
Cost of RevenueAU$7.21m
Gross ProfitAU$10.77m
ExpensesAU$11.78m
Earnings-AU$1.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0023
Gross Margin59.92%
Net Profit Margin-5.61%
Debt/Equity Ratio0%

How did CV1 perform over the long term?

See historical performance and comparison

Valuation

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

2.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CV1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CV1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CV1 is unprofitable, so we can't compare its PE Ratio to the Australian IT industry average.

PE vs Market: CV1 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 CV1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CV1 is good value based on its PB Ratio (2.8x) compared to the AU IT industry average (3.4x).


Future Growth

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

48.4%

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 CV Check 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 CV Check performed over the past 5 years?

50.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CV1 is currently unprofitable.

Growing Profit Margin: CV1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CV1 is unprofitable, but has reduced losses over the past 5 years at a rate of 50.6% per year.

Accelerating Growth: Unable to compare CV1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CV1 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-11.2%).


Return on Equity

High ROE: CV1 has a negative Return on Equity (-3.85%), as it is currently unprofitable.


Financial Health

How is CV Check's financial position?


Financial Position Analysis

Short Term Liabilities: CV1's short term assets (A$16.3M) exceed its short term liabilities (A$6.3M).

Long Term Liabilities: CV1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CV1 is debt free.

Reducing Debt: CV1 has not had any debt for past 5 years.


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: Whilst unprofitable CV1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CV1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.7% per year.


Dividend

What is CV Check current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CV1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CV1'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 CV1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CV1'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 CV1'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?

0.5yrs

Average management tenure


CEO

Michael Ivanchenko (50 yo)

0.17

Tenure

Mr. Michael Ivanchenko has been Chief Executive Officer at CV Check Ltd since August 30, 2021. He served as Senior Vice President of Sales at OpenTV Corp. since April 2007 until September 2011. Mr. Ivanche...


Leadership Team

Experienced Management: CV1's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: CV1's board of directors are not considered experienced ( 2 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: 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 46.9%.


Top Shareholders

Company Information

CV Check Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: CV Check Ltd
  • Ticker: CV1
  • Exchange: ASX
  • Founded: 2004
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: AU$72.990m
  • Shares outstanding: 429.35m
  • Website: https://cvcheck.com

Location

  • CV Check Ltd
  • The Garden Office Park
  • Building E
  • Osborne Park
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:02
End of Day Share Price2021/10/15 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.