Firstwave Cloud Technology Limited engages in the development and sale of Internet security software to businesses, enterprises, and government organizations in Australia and internationally.
+ 1 more risk
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Firstwave Cloud Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FCT underperformed the Australian IT industry which returned 34.4% over the past year.
Return vs Market: FCT underperformed the Australian Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Firstwave Cloud Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StHave Insiders Been Selling Firstwave Cloud Technology Limited (ASX:FCT) Shares This Year?
2 months ago | Simply Wall StDo Insiders Own Shares In Firstwave Cloud Technology Limited (ASX:FCT)?
4 months ago | Simply Wall StIs Firstwave Cloud Technology (ASX:FCT) In A Good Position To Deliver On Growth Plans?
Is Firstwave Cloud Technology undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FCT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FCT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FCT is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: FCT 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 FCT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FCT is overvalued based on its PB Ratio (6.6x) compared to the AU IT industry average (2.7x).
How is Firstwave Cloud Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Firstwave Cloud Technology 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.
- Examine Firstwave Cloud Technology'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.
- Firstwave Cloud Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has Firstwave Cloud Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCT is currently unprofitable.
Growing Profit Margin: FCT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FCT is unprofitable, and losses have increased over the past 5 years at a rate of -38.2% per year.
Accelerating Growth: Unable to compare FCT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FCT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (60.9%).
Return on Equity
High ROE: FCT has a negative Return on Equity (-157.04%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Firstwave Cloud Technology's financial position?
Financial Position Analysis
Short Term Liabilities: FCT's short term assets (A$10.4M) exceed its short term liabilities (A$7.2M).
Long Term Liabilities: FCT's short term assets (A$10.4M) exceed its long term liabilities (A$1.7M).
Debt to Equity History and Analysis
Debt Level: FCT is debt free.
Reducing Debt: FCT has no debt compared to 5 years ago when its debt to equity ratio was 26%.
Inventory Level: FCT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if FCT's debt is covered by short term assets.
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: FCT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FCT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -25.9% each year
What is Firstwave Cloud Technology's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FCT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FCT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FCT'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 FCT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
What is the CEO of Firstwave Cloud Technology's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
David Kirton 0
Mr. David Kirton, B.Com, CPA, has been Chief Executive Officer of Firstwave Cloud Technology Limited since August 22, 2018 and served as its Chief Financial Officer since May 9, 2017 until April 2019. Mr. ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD428.05K) is above average for companies of similar size in the Australian market ($USD262.68K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
Experienced Management: FCT's management team is considered experienced (2.1 years average tenure).
Board Age and Tenure
Experienced Board: FCT's board of directors are seasoned and experienced ( 11.8 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Member of the Board of Directors
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.8%.
Chief Executive Officer
- Tenure: 1.4yrs
- Compensation: AU$620.25k
Neil Pollock (53yo)
COO & Head of International
- Tenure: 2.1yrs
- Compensation: AU$543.55k
- Tenure: 0.5yrs
- Tenure: 2.2yrs
Chief Technology Officer
- Tenure: 12.5yrs
- Compensation: AU$361.69k
Chief Revenue Officer & Sales Director
- Tenure: 3.8yrs
Chief Financial Officer
- Tenure: 0.8yrs
- Compensation: AU$273.78k
Business Head of EMEA & North America Region
- Tenure: 11.8yrs
- Compensation: AU$48.00k
- Tenure: 0.5yrs
- Tenure: 11.8yrs
- Compensation: AU$52.56k
Firstwave Cloud Technology Limited's company bio, employee growth, exchange listings and data sources
- Name: Firstwave Cloud Technology Limited
- Ticker: FCT
- Exchange: ASX
- Founded: 2001
- Industry: Internet Services and Infrastructure
- Sector: Software
- Market Cap: AU$52.936m
- Shares outstanding: 316.04m
- Website: https://www.firstwavecloud.com
Number of Employees
- Firstwave Cloud Technology Limited
- 132 Arthur Street
- Level 10
- North Sydney
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FCT||ASX (Australian Securities Exchange)||Yes||New Ordinary Shares||AU||AUD||May 2016|
|FCT||CHIA (Chi-X Australia)||Yes||New Ordinary Shares||AU||AUD||May 2016|
|1TL||DB (Deutsche Boerse AG)||Yes||New Ordinary Shares||DE||EUR||May 2016|
Firstwave Cloud Technology Limited engages in the development and sale of Internet security software to businesses, enterprises, and government organizations in Australia and internationally. It offers FirstWave cloud content security gateway, cloud email security, cloud Web security, cloud next generation firewall, and cloud integration services. The company was founded in 2001 and is headquartered in North Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/18 10:41|
|End of Day Share Price||2020/01/17 00:00|
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.