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EIQ

Echo IQ ASX:EIQ Stock Report

Last Price

AU$0.14

Market Cap

AU$62.3m

7D

3.6%

1Y

38.1%

Updated

13 Aug, 2022

Data

Company Financials
EIQ fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

EIQ Stock Overview

EchoIQ Limited provides cardiac diagnostics technology solution in Australia.

Echo IQ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Echo IQ
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.20
52 Week LowAU$0.094
Beta1.22
1 Month Change11.54%
3 Month Change11.54%
1 Year Change38.10%
3 Year Changen/a
5 Year Change11.54%
Change since IPO-84.07%

Recent News & Updates

Shareholder Returns

EIQAU SoftwareAU Market
7D3.6%-1.1%0.7%
1Y38.1%-14.3%-8.5%

Return vs Industry: EIQ exceeded the Australian Software industry which returned -14.3% over the past year.

Return vs Market: EIQ exceeded the Australian Market which returned -8.5% over the past year.

Price Volatility

Is EIQ's price volatile compared to industry and market?
EIQ volatility
EIQ Average Weekly Movement11.8%
Software Industry Average Movement12.0%
Market Average Movement10.6%
10% most volatile stocks in AU Market18.0%
10% least volatile stocks in AU Market4.6%

Stable Share Price: EIQ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: EIQ's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aAndrew Groverhttps://www.echoiq.ai

EchoIQ Limited provides cardiac diagnostics technology solution in Australia. The company’s artificial intelligence-assisted diagnostics technology supports the sensitive diagnosis of Aortic Stenosis. It primarily serves device manufacturers, cardio scanning equipment, pharmaceuticals, and healthcare providers and insurers, as well as clinicians and patients.

Echo IQ Fundamentals Summary

How do Echo IQ's earnings and revenue compare to its market cap?
EIQ fundamental statistics
Market CapAU$62.30m
Earnings (TTM)-AU$5.41m
Revenue (TTM)AU$934.05k

66.8x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EIQ income statement (TTM)
RevenueAU$934.05k
Cost of RevenueAU$1.37m
Gross Profit-AU$439.35k
Other ExpensesAU$4.97m
Earnings-AU$5.41m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin-47.04%
Net Profit Margin-579.20%
Debt/Equity Ratio0.0%

How did EIQ perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 EIQ?

Other financial metrics that can be useful for relative valuation.

EIQ 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/Revenue64x
Enterprise Value/EBITDA-12.7x
PEG Ration/a

Price to Book Ratio vs Peers

How does EIQ's PB Ratio compare to its peers?

EIQ PB Ratio vs Peers
The above table shows the PB ratio for EIQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average48.8x
XF1 Xref
184.3xn/aAU$68.0m
SNS SenSen Networks
3.6x61.8%AU$58.6m
ESK Etherstack
5.6x46.6%AU$51.0m
NOV Novatti Group
1.6xn/aAU$68.7m
EIQ Echo IQ
7.3xn/aAU$62.3m

Price-To-Book vs Peers: EIQ is good value based on its Price-To-Book Ratio (7.3x) compared to the peer average (48.8x).


Price to Earnings Ratio vs Industry

How does EIQ's PE Ratio compare vs other companies in the AU Software Industry?

Price-To-Book vs Industry: EIQ is expensive based on its Price-To-Book Ratio (7.3x) compared to the Australian Software industry average (2.9x)


Price to Book Ratio vs Fair Ratio

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

EIQ PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio7.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate EIQ's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate EIQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate EIQ's fair value for valuation analysis.


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 Echo IQ forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


30.9%

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 Echo IQ 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.


Discover growth companies

  • Examine Echo IQ's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Echo IQ competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Echo IQ performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EIQ is currently unprofitable.

Growing Profit Margin: EIQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EIQ is unprofitable, but has reduced losses over the past 5 years at a rate of 37.5% per year.

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

Earnings vs Industry: EIQ is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (24.9%).


Return on Equity

High ROE: EIQ has a negative Return on Equity (-63.79%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Echo IQ's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: EIQ's short term assets (A$2.7M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: EIQ's short term assets (A$2.7M) exceed its long term liabilities (A$326.8K).


Debt to Equity History and Analysis

Debt Level: EIQ is debt free.

Reducing Debt: EIQ has no debt compared to 5 years ago when its debt to equity ratio was 2.3%.


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: EIQ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EIQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.9% each year


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Dividend

What is Echo IQ 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

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

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

Growing Dividend: Insufficient data to determine if EIQ'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 EIQ has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Andrew Grover

no data

Tenure

AU$423,358

Compensation

Mr. Andrew Grover has been an Interim Managing Director of EchoIQ Limited (formerly known as Echo IQ Limited (formerly known as Houston We Have Limited)). He has been an Executive Chairman of EchoIQ Limite...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD300.70K) is about average for companies of similar size in the Australian market ($USD285.93K).

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


Leadership Team

Experienced Management: EIQ's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: EIQ's board of directors are considered experienced (3.1 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 11%.


Top Shareholders

Company Information

Echo IQ Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Echo IQ Limited
  • Ticker: EIQ
  • Exchange: ASX
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: AU$62.304m
  • Shares outstanding: 429.68m
  • Website: https://www.echoiq.ai

Location

  • Echo IQ Limited
  • 3/33 Atchison Street
  • St Leonards
  • New South Wales
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
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.