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ID8

IdentitiiASX:ID8 Stock Report

Market Cap

AU$27.4m

7D

-2.7%

1Y

12.5%

Updated

22 Oct, 2021

Data

Company Financials
ID8 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ID8 Overview

Identitii Limited develops and licenses enterprise software products to regulated entities in Asia, Australia, and the United States.

Identitii Competitors

JPMorgan Chase

NYSE:JPM

US$500.9b

Price History & Performance

Summary of all time highs, changes and price drops for Identitii
Historical stock prices
Current Share PriceAU$0.18
52 Week HighAU$0.067
52 Week LowAU$0.32
Beta1.56
1 Month Change-25.00%
3 Month Change111.77%
1 Year Change12.50%
3 Year Change-77.07%
5 Year Changen/a
Change since IPO-78.70%

Recent News & Updates

Sep 03
Is Identitii (ASX:ID8) In A Good Position To Invest In Growth?

Is Identitii (ASX:ID8) In A Good Position To Invest In Growth?

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

Mar 03
Have Insiders Been Selling Identitii Limited (ASX:ID8) Shares?

Have Insiders Been Selling Identitii Limited (ASX:ID8) Shares?

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

Shareholder Returns

ID8AU SoftwareAU Market
7D-2.7%2.2%0.7%
1Y12.5%28.7%21.4%

Return vs Industry: ID8 underperformed the Australian Software industry which returned 28.7% over the past year.

Return vs Market: ID8 underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is ID8's price volatile compared to industry and market?
ID8 volatility
ID8 Beta1.56
Industry Beta0.85
Market Beta1

Stable Share Price: ID8 is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: ID8's weekly volatility has increased from 14% to 20% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aJohn Raymenthttps://www.identitii.com

Identitii Limited develops and licenses enterprise software products to regulated entities in Asia, Australia, and the United States. Its principal product is Overlay+, a platform to reduce regulatory risk without replacing technology systems. The company offers FTI, TTR and SMR reporting; payment investigation; and pricing solutions.

Identitii Fundamentals Summary

How do Identitii's earnings and revenue compare to its market cap?
ID8 fundamental statistics
Market CapAU$27.37m
Earnings (TTM)-AU$5.83m
Revenue (TTM)AU$1.46m

18.7x

P/S Ratio

-4.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ID8 income statement (TTM)
RevenueAU$1.46m
Cost of RevenueAU$2.69m
Gross Profit-AU$1.23m
ExpensesAU$4.60m
Earnings-AU$5.83m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.038
Gross Margin-83.72%
Net Profit Margin-397.86%
Debt/Equity Ratio0.4%

How did ID8 perform over the long term?

See historical performance and comparison

Valuation

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

5.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ID8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ID8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ID8 is unprofitable, so we can't compare its PE Ratio to the Australian Software industry average.

PE vs Market: ID8 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 ID8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ID8 is overvalued based on its PB Ratio (5.9x) compared to the AU Software industry average (5.2x).


Future Growth

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

31.1%

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 Identitii 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 Identitii performed over the past 5 years?

-27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ID8 is currently unprofitable.

Growing Profit Margin: ID8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ID8 is unprofitable, and losses have increased over the past 5 years at a rate of 27.1% per year.

Accelerating Growth: Unable to compare ID8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ID8 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (37.5%).


Return on Equity

High ROE: ID8 has a negative Return on Equity (-117.43%), as it is currently unprofitable.


Financial Health

How is Identitii's financial position?


Financial Position Analysis

Short Term Liabilities: ID8's short term assets (A$5.8M) exceed its short term liabilities (A$958.7K).

Long Term Liabilities: ID8 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ID8's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: ID8 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: ID8 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ID8 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.6% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ID8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ID8'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 ID8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ID8'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 ID8'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?

1.3yrs

Average management tenure


CEO

John Rayment

1.58yrs

Tenure

AU$704,691

Compensation

Mr. John Rayment, Dip Proj Mgt, Dip Bus Mgmt, Dip Bus Mktg is Chief Executive Officer, Managing Director and Executive Director at Identitii Limited since March 19, 2020 and served as its Interim Chief Ope...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD527.74K) is above average for companies of similar size in the Australian market ($USD303.33K).

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


Leadership Team

Experienced Management: ID8's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ID8's board of directors are not considered experienced ( 0.7 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: ID8 insiders have bought and sold the same number of shares 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 39.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Identitii Limited
  • Ticker: ID8
  • Exchange: ASX
  • Founded: 2014
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$27.374m
  • Shares outstanding: 152.08m
  • Website: https://www.identitii.com

Location

  • Identitii Limited
  • 129 Cathedral Street
  • Level 2
  • Woolloomooloo
  • New South Wales
  • 2011
  • 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 07:04
End of Day Share Price2021/10/21 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.