ASX:IXU

Stock Analysis Report

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Executive Summary

IXUP Limited engages in the development and commercialization of software in Australia. More Details


Snowflake Analysis

Flawless 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 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: IXU's weekly volatility has decreased from 23% to 16% over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

17.3%

IXU

6.4%

AU Software

1.4%

AU Market


1 Year Return

46.7%

IXU

27.1%

AU Software

-0.6%

AU Market

Return vs Industry: IXU exceeded the Australian Software industry which returned 27.1% over the past year.

Return vs Market: IXU exceeded the Australian Market which returned -0.6% over the past year.


Shareholder returns

IXUIndustryMarket
7 Day17.3%6.4%1.4%
30 Day10.0%-0.2%3.0%
90 Day22.2%5.9%11.9%
1 Year95.6%46.7%28.1%27.1%2.8%-0.6%
3 Year-66.8%-78.0%106.4%99.5%27.0%11.4%
5 Yearn/a173.0%169.0%68.6%34.6%

Long-Term 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?

16.37x

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 AU 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 (16.4x) compared to the AU Software industry average (5.5x).


Next Steps

Future Growth

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

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 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?

-13.2%

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 13.2% 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 (21%).


Return on Equity

High ROE: IXU has a negative Return on Equity (-315.09%), 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$1.7M) exceed its short term liabilities (A$464.1K).

Long Term Liabilities: IXU's short term assets (A$1.7M) exceed its long term liabilities (A$52.3K).


Debt to Equity History and Analysis

Debt Level: IXU is debt free.

Reducing Debt: IXU had no debt 5 years ago.


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: IXU has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: IXU is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is IXUP 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 recent payouts.

High Dividend: Unable to evaluate IXU'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 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?

2.0yrs

Average management tenure


CEO

Marcus Gracey

0.17

Tenure

Mr. Marcus Gracey serves as Chief Executive Officer and Managing Director at IXUP Limited since November 11, 2020. Mr. Gracey serves as Executive Director at IXUP Limited since October 22, 2020. He had bee...


Leadership Team

NamePositionTenureCompensationOwnership
Dean Joscelyne
Founder4.67yrsAU$166.08k4.45%
A$ 2.7m
Marcus Gracey
CEO, MD & Executive Director0.17yrno data0.21%
A$ 132.0k
David Franks
Chief Financial Officerno datano datano data
Paul Coe
CTO & Head of Developmentno datano datano data
Rob Mills
Head of Sales2.5yrsno datano data
Warren Bradey
Chief Commercial Officer1.42yrsno datano data
Andrew Whitten
Company Secretary3.17yrsno datano data

2.0yrs

Average Tenure

50yo

Average Age

Experienced Management: IXU's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dean Joscelyne
Founder4.67yrsAU$166.08k4.45%
A$ 2.7m
Marcus Gracey
CEO, MD & Executive Director0.17yrno data0.21%
A$ 132.0k
Nerida Caesar
Member of Advisory Board3yrsno datano data
Julian Babarczy
Non- Executive Chairman0.17yrno data1.76%
A$ 1.1m
Glen Boreham
Advisory Board Chairmanno datano datano data
Freya Smith
Non-Executive Director1.5yrsAU$89.81kno data
Peter Chapman
Advisory Board Memberno datano datano data

1.5yrs

Average Tenure

Experienced Board: IXU's board of directors are not considered experienced ( 1.5 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: IXU 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 substantially diluted in the past year, with total shares outstanding growing by 215.7%.


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$61.620m
  • Shares outstanding: 700.23m
  • Website: https://www.ixup.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
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 in Australia. The company provides a secure and private data analytics and collaboration platform that offers data insights, as wel...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 07:06
End of Day Share Price2021/01/22 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.