ASX:IXU

Stock Analysis Report

Executive Summary

IXUP Limited engages in the development and commercialization of software.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has IXUP's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IXU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.8%

IXU

-13.3%

AU Software

-3.6%

AU Market


1 Year Return

-43.9%

IXU

22.2%

AU Software

10.9%

AU Market

Return vs Industry: IXU underperformed the Australian Software industry which returned 22.2% over the past year.

Return vs Market: IXU underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

IXUIndustryMarket
7 Day7.8%-13.3%-3.6%
30 Day-8.3%-9.5%-3.7%
90 Day-24.7%-8.1%-0.2%
1 Year-36.4%-43.9%23.2%22.2%15.6%10.9%
3 Yearn/a136.3%125.6%34.1%16.0%
5 Yearn/a136.4%119.8%44.9%12.6%

Price Volatility Vs. Market

How volatile is IXUP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

5.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: IXU is overvalued based on its PB Ratio (5.5x) compared to the AU Software industry average (4.2x).


Next Steps

Future Growth

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

38.2%

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 IXUP 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.


Next Steps

Past Performance

How has IXUP performed over the past 5 years?

-30.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IXU is currently unprofitable.

Growing Profit Margin: IXU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IXU is unprofitable, and losses have increased over the past 5 years at a rate of -30.1% per year.

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

Earnings vs Industry: IXU is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (22.6%).


Return on Equity

High ROE: IXU has a negative Return on Equity (-416.8%), as it is currently unprofitable.


Next Steps

Financial Health

How is IXUP's financial position?


Financial Position Analysis

Short Term Liabilities: IXU's short term assets (A$2.3M) exceed its short term liabilities (A$806.5K).

Long Term Liabilities: IXU has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IXU is debt free.

Reducing Debt: IXU had no debt 5 years ago.


Balance Sheet

Inventory Level: IXU has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IXU'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: IXU has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: IXU has less than a year of cash runway if free cash flow continues to reduce at historical rates of -28% each year


Next Steps

  • Explore more healthy companies in the Software industry.

Dividend

What is IXUP's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if IXU'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 IXU'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

Peter Leihn 0

1.3yrs

Tenure

AU$394,608

Compensation

Mr. Peter Leihn has been Chief Executive Officer of IXUP Limited since November 8, 2018 and its Executive Director and Managing Director since July 2, 2019. Mr. Leihn is responsible for implementing IXUP’s ...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD260.55K) is about average for companies of similar size in the Australian market ($USD250.90K).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Leihn
CEO, MD & Executive Director1.3yrsAU$394.61kno data
Dean Joscelyne
Founder3.8yrsAU$284.70k14.01% A$1.7m
Alison Crealy
Chief Financial Officer0.8yrsno datano data
Paul Coe
CTO & Head of Development0yrsno datano data
Rob Mills
Head of Sales1.6yrsno datano data
Warren Bradey
Chief Commercial Officer0.6yrsno datano data
Andrew Whitten
Company Secretary2.3yrsno datano data

1.3yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Peter Leihn
CEO, MD & Executive Director1.3yrsAU$394.61kno data
Dean Joscelyne
Founder3.8yrsAU$284.70k14.01% A$1.7m
Nerida Caesar
Member of Advisory Board2.1yrsno datano data
Glen Boreham
Advisory Board Chairman0yrsno datano data
Grant Paterson
Chairman1.3yrsAU$60.75k3.18% A$389.5k
Freya Smith
Non-Executive Director0.6yrsno datano data
Peter Chapman
Advisory Board Member0yrsno datano data
Scott Wilkie
Non-Executive Director0.6yrsno datano data

0.9yrs

Average Tenure

Experienced Board: IXU's board of directors are not considered experienced ( 0.9 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 28.6%.


Top Shareholders

Company Information

IXUP Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IXUP Limited
  • Ticker: IXU
  • Exchange: ASX
  • Founded: 2011
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$12.245m
  • Shares outstanding: 222.63m
  • Website: https://ixup.com

Location

  • IXUP Limited
  • 5-7 Ross Street
  • Level 3
  • Parramatta
  • New South Wales
  • 2150
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IXUNASX (Australian Securities Exchange)NPV DFD 26/11/19(EX-RIGHTS)AUAUDNo data
IXUASX (Australian Securities Exchange)YesOrdinary ShareAUAUDNov 2017
IXUCHIA (Chi-X Australia)YesOrdinary ShareAUAUDNov 2017

Biography

IXUP Limited engages in the development and commercialization of software. The company provides encrypted data collaboration platform that enables sharing and analysis of data sets. It also offers IXUP-as-a-Service, a governance control protocol that ensures data is not decrypted and the computations performed are permissioned by the data owners. The company was founded in 2011 and is based in Parramatta, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:58
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.