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FCT

Firstwave Cloud TechnologyASX:FCT Stock Report

Market Cap

AU$70.8m

7D

32.4%

1Y

-27.7%

Updated

18 Oct, 2021

Data

Company Financials
FCT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

FCT Overview

Firstwave Cloud Technology Limited develops and sells Internet security software in Australia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Firstwave Cloud Technology
Historical stock prices
Current Share PriceAU$0.094
52 Week HighAU$0.055
52 Week LowAU$0.20
Beta0.44
1 Month Change36.23%
3 Month Change34.29%
1 Year Change-27.69%
3 Year Change-55.24%
5 Year Change-85.54%
Change since IPO-65.82%

Recent News & Updates

Shareholder Returns

FCTAU ITAU Market
7D32.4%0.7%0.9%
1Y-27.7%9.0%20.2%

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

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

Price Volatility

Is FCT's price volatile compared to industry and market?
FCT volatility
FCT Beta0.44
Industry Beta1.68
Market Beta1

Stable Share Price: FCT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: FCT's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2001n/aJohn Granthttps://www.firstwavecloud.com

Firstwave Cloud Technology Limited develops and sells Internet security software in Australia and internationally. It offers remote worker cyber security, a suite of enterprise grade cyber security protection; FirstCloud email security for email security for businesses; FirstCloud web security for eliminating online threats on websites; FirstCloud firewall security, an enterprise-grade next-generation firewall solution; and FirstCloud endpoint security, a cloud-delivered enterprise-grade endpoint security service. The company was founded in 2001 and is headquartered in North Sydney, Australia.

Firstwave Cloud Technology Fundamentals Summary

How do Firstwave Cloud Technology's earnings and revenue compare to its market cap?
FCT fundamental statistics
Market CapAU$70.78m
Earnings (TTM)-AU$10.81m
Revenue (TTM)AU$7.98m

9.1x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FCT income statement (TTM)
RevenueAU$7.98m
Cost of RevenueAU$3.67m
Gross ProfitAU$4.30m
ExpensesAU$15.12m
Earnings-AU$10.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.014
Gross Margin53.96%
Net Profit Margin-135.57%
Debt/Equity Ratio0%

How did FCT perform over the long term?

See historical performance and comparison

Valuation

Is Firstwave Cloud Technology undervalued compared to its fair value and its price relative to the market?

4.87x

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 Australian 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 (4.9x) compared to the AU IT industry average (3.4x).


Future Growth

How is Firstwave Cloud Technology 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 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.


Past Performance

How has Firstwave Cloud Technology performed over the past 5 years?

-21.1%

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 21.1% 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 (-11.2%).


Return on Equity

High ROE: FCT has a negative Return on Equity (-72.71%), as it is currently unprofitable.


Financial Health

How is Firstwave Cloud Technology's financial position?


Financial Position Analysis

Short Term Liabilities: FCT's short term assets (A$14.6M) exceed its short term liabilities (A$7.4M).

Long Term Liabilities: FCT's short term assets (A$14.6M) exceed its long term liabilities (A$2.6M).


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 1.1%.


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: 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 25.5% each year


Dividend

What is Firstwave Cloud Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FCT'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 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.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

John Grant

0.25

Tenure

AU$664,582

Compensation

Mr. John Grant has been Executive Chairman and Executive Director at Firstwave Cloud Technology Limited and has been its Interim Chief Executive Officer since July 08, 2021. He was a Non-Executive Chairman...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD493.27K) is above average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

Experienced Management: FCT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: FCT's board of directors are not considered experienced ( 2.3 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 18.6%.


Top Shareholders

Company Information

Firstwave Cloud Technology Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Firstwave Cloud Technology Limited
  • Ticker: FCT
  • Exchange: ASX
  • Founded: 2001
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: AU$70.785m
  • Shares outstanding: 769.40m
  • Website: https://www.firstwavecloud.com

Number of Employees


Location

  • Firstwave Cloud Technology Limited
  • 132 Arthur Street
  • Level 10
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:03
End of Day Share Price2021/10/18 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.