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JCurve Solutions

ASX:JCS
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JCS
ASX
A$12M
Market Cap
  1. Home
  2. AU
  3. Software
Company description

JCurve Solutions Limited, a cloud technology company, provides enterprise resource planning (ERP) and telecommunications expense management solutions in Australia, New Zealand, and Singapore. The last earnings update was 122 days ago. More info.


Add to Portfolio Compare Print
  • JCurve Solutions has significant price volatility in the past 3 months.
JCS Share Price and Events
7 Day Returns
20%
ASX:JCS
1.5%
AU Software
1.7%
AU Market
1 Year Returns
9.1%
ASX:JCS
28%
AU Software
5.4%
AU Market
JCS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JCurve Solutions (JCS) 20% -5.3% 28.6% 9.1% 414.3% -25%
AU Software 1.5% 0.2% 8.4% 28% 100.3% 111.8%
AU Market 1.7% 2.8% 5.5% 5.4% 25% 12.3%
1 Year Return vs Industry and Market
  • JCS underperformed the Software industry which returned 28% over the past year.
  • JCS outperformed the Market in Australia which returned 5.4% over the past year.
Price Volatility
JCS
Industry
5yr Volatility vs Market

Value

 Is JCurve Solutions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JCurve Solutions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JCurve Solutions.

ASX:JCS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:JCS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 30%) (0%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.091 * 5.96%)
8.82%

Discounted Cash Flow Calculation for ASX:JCS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JCurve Solutions is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:JCS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.82%)
2019 1.36 Est @ -1.56% 1.25
2020 1.36 Est @ -0.4% 1.15
2021 1.36 Est @ 0.42% 1.06
2022 1.38 Est @ 0.98% 0.98
2023 1.40 Est @ 1.38% 0.92
2024 1.42 Est @ 1.66% 0.86
2025 1.45 Est @ 1.86% 0.80
2026 1.48 Est @ 1.99% 0.75
2027 1.51 Est @ 2.09% 0.70
2028 1.54 Est @ 2.16% 0.66
Present value of next 10 years cash flows A$9.13
ASX:JCS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$1.54 × (1 + 2.31%) ÷ (8.82% – 2.31%)
A$24.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$24.21 ÷ (1 + 8.82%)10
A$10.40
ASX:JCS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$9.13 + A$10.40
A$19.54
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$19.54 / 327.86
A$0.06
ASX:JCS Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.06
Current discount Discount to share price of A$0.04
= -1 x (A$0.04 - A$0.06) / A$0.06
39.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JCurve Solutions is available for.
Intrinsic value
40%
Share price is A$0.036 vs Future cash flow value of A$0.05958
Current Discount Checks
For JCurve Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JCurve Solutions's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JCurve Solutions's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JCurve Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JCurve Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:JCS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:JCS Share Price ** ASX (2019-06-14) in AUD A$0.04
Australia Software Industry PE Ratio Median Figure of 19 Publicly-Listed Software Companies 36.14x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JCurve Solutions.

ASX:JCS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:JCS Share Price ÷ EPS (both in AUD)

= 0.04 ÷ 0.00

48.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JCurve Solutions is overvalued based on earnings compared to the AU Software industry average.
  • JCurve Solutions is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does JCurve Solutions's expected growth come at a high price?
Raw Data
ASX:JCS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.6%per year
Australia Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 2.56x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for JCurve Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JCurve Solutions's assets?
Raw Data
ASX:JCS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:JCS Share Price * ASX (2019-06-14) in AUD A$0.04
Australia Software Industry PB Ratio Median Figure of 101 Publicly-Listed Software Companies 3.14x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.65x
ASX:JCS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:JCS Share Price ÷ Book Value per Share (both in AUD)

= 0.04 ÷ 0.01

2.51x

* Primary Listing of JCurve Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JCurve Solutions is good value based on assets compared to the AU Software industry average.
X
Value checks
We assess JCurve Solutions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. JCurve Solutions has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is JCurve Solutions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover JCurve Solutions, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JCurve Solutions expected to grow at an attractive rate?
  • JCurve Solutions's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • JCurve Solutions's earnings growth is expected to exceed the Australia market average.
  • Unable to compare JCurve Solutions's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:JCS Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:JCS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.6%
Australia Software Industry Earnings Growth Rate Market Cap Weighted Average 31%
Australia Software Industry Revenue Growth Rate Market Cap Weighted Average 18.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:JCS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:JCS Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 12 1 0
2018-09-30 12 2 1
2018-06-30 12 2 1
2018-03-31 11 1
2017-12-31 11 0 1
2017-09-30 11 1 1
2017-06-30 10 1 0
2017-03-31 10 0
2016-12-31 9 2 0
2016-09-30 10 1 -1
2016-06-30 10 0 -3
2016-03-31 10 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JCurve Solutions's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if JCurve Solutions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:JCS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from JCurve Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:JCS Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JCurve Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JCurve Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JCurve Solutions has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has JCurve Solutions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JCurve Solutions's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JCurve Solutions has delivered over 20% year on year earnings growth in the past 5 years.
  • JCurve Solutions's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JCurve Solutions's 1-year earnings growth is negative, it can't be compared to the AU Software industry average.
Earnings and Revenue History
JCurve Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JCurve Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:JCS Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12.09 0.24 8.94
2018-09-30 12.02 0.55 8.79
2018-06-30 11.95 0.85 8.63
2018-03-31 11.41 0.91 8.17
2017-12-31 10.87 0.97 7.77
2017-09-30 10.63 0.71 7.44
2017-06-30 10.38 0.45 7.10
2017-03-31 9.85 0.29 6.95 0.00
2016-12-31 9.33 0.13 6.79 0.00
2016-09-30 9.51 -1.23 6.94 0.00
2016-06-30 9.69 -2.60 7.10 0.00
2016-03-31 9.84 -2.89 10.92 0.01
2015-12-31 10.20 -2.99 11.89 0.02
2015-09-30 10.77 -4.31 10.54 0.02
2015-06-30 11.34 -5.62 9.19 0.02
2015-03-31 11.93 -6.14 8.08 0.48
2014-12-31 12.52 -6.66 6.96 0.94
2014-09-30 12.08 -4.04 6.99 0.94
2014-06-30 11.64 -1.42 7.01 0.94
2013-12-31 10.63 -3.09 5.80
2013-09-30 10.38 -2.81 5.60
2013-06-30 10.14 -2.54 5.40
2012-12-31 11.18 0.17 1.36
2012-09-30 11.07 -0.28 1.49
2012-06-30 10.95 -0.73 1.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JCurve Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JCurve Solutions used its assets less efficiently than the AU Software industry average last year based on Return on Assets.
  • JCurve Solutions has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess JCurve Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JCurve Solutions has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is JCurve Solutions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JCurve Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JCurve Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JCurve Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JCurve Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • JCurve Solutions has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JCurve Solutions Company Filings, last reported 5 months ago.

ASX:JCS Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.71 0.00 3.43
2018-09-30 4.71 0.00 3.43
2018-06-30 4.90 0.00 4.71
2018-03-31 4.90 0.00 4.71
2017-12-31 4.41 0.00 2.97
2017-09-30 4.41 0.00 2.97
2017-06-30 4.01 0.00 3.67
2017-03-31 4.01 0.00 3.67
2016-12-31 2.54 0.00 2.54
2016-09-30 2.54 0.00 2.54
2016-06-30 3.54 0.00 2.55
2016-03-31 2.75 0.00 2.55
2015-12-31 2.69 0.00 0.97
2015-09-30 2.69 0.00 0.97
2015-06-30 5.51 0.00 2.05
2015-03-31 5.51 0.00 2.05
2014-12-31 5.66 0.00 0.95
2014-09-30 5.66 0.00 0.95
2014-06-30 11.14 0.00 2.77
2013-12-31 9.03 0.00 1.95
2013-09-30 9.03 0.00 1.95
2013-06-30 4.28 0.00 3.61
2012-12-31 7.01 0.00 2.32
2012-09-30 7.01 0.00 2.32
2012-06-30 7.40 0.00 2.57
  • JCurve Solutions has no debt.
  • JCurve Solutions has not taken on any debt in the past 5 years.
  • JCurve Solutions has no debt, it does not need to be covered by operating cash flow.
  • JCurve Solutions has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess JCurve Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JCurve Solutions has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from JCurve Solutions dividends.
If you bought A$2,000 of JCurve Solutions shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate JCurve Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate JCurve Solutions's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:JCS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:JCS Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2013-02-28 0.000 0.000
2012-11-16 0.000 0.000
2012-03-02 0.000 0.000
2011-08-30 0.000 0.000
2011-02-24 0.004 10.180
2010-08-30 0.003 7.674
2010-02-26 0.003 5.596
2009-08-31 0.005 7.222

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as JCurve Solutions has not reported any payouts.
  • Unable to verify if JCurve Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of JCurve Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as JCurve Solutions has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JCurve Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JCurve Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JCurve Solutions has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of JCurve Solutions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stephen Canning
COMPENSATION A$394,321
TENURE AS CEO 4.4 years
CEO Bio

Mr. Stephen Canning has been the Chief Executive Officer of JCurve Solutions Limited since January 12, 2015. Mr. Canning has extensive employment and experience in Information Technology and Business Software systems. His early career commenced in the UK and saw him progress through various IT roles and industries such as Utilities, Aviation and Telecommunications. He served as the Chief Technology Officer of Pay Global Limited since 2010 and served as Chief Operating Officer and Chief Executive Officer. He has proven experience in strategic, business and operational planning, including product and GoTo Market strategies. Mr. Canning is passionate about process improvement and Companies, displays excellent leadership and relationship management skills.

CEO Compensation
  • Stephen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stephen's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the JCurve Solutions management team in years:

3.5
Average Tenure
  • The tenure for the JCurve Solutions management team is about average.
Management Team

Stephen Canning

TITLE
Chief Executive Officer
COMPENSATION
A$394K
TENURE
4.4 yrs

James Aulsebrook

TITLE
Chief Financial Officer
COMPENSATION
A$229K
TENURE
3.2 yrs

Katrina Doring

TITLE
Chief Operating Officer
COMPENSATION
A$213K
TENURE
2.9 yrs

Kate Massey

TITLE
Chief Marketing Officer
COMPENSATION
A$231K
TENURE
3.8 yrs

Peter Choo

TITLE
Product Strategy Director
COMPENSATION
A$181K
TENURE
1.7 yrs

David Franks

TITLE
Company Secretary & Non Executive Director
COMPENSATION
A$67K
AGE
48
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure of the JCurve Solutions board of directors in years:

4.6
Average Tenure
  • The tenure for the JCurve Solutions board of directors is about average.
Board of Directors

Bruce Hatchman

TITLE
Non-Executive Chairman
COMPENSATION
A$99K
TENURE
4.6 yrs

David Franks

TITLE
Company Secretary & Non Executive Director
COMPENSATION
A$67K
AGE
48
TENURE
4.8 yrs

Mark Jobling

TITLE
Non-Executive Director
COMPENSATION
A$60K
AGE
46
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess JCurve Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JCurve Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Market Volatility Impact JCurve Solutions Limited's (ASX:JCS) Share Price?

If you're interested in JCurve Solutions Limited (ASX:JCS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Check out our latest analysis for JCurve Solutions What JCS's beta value tells investors Given that it has a beta of 1.99, we can surmise that the JCurve Solutions share price has been fairly sensitive to market volatility (over the last 5 years). … What this means for you: Beta only tells us that the JCurve Solutions share price is sensitive to broader market movements.

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Why JCurve Solutions Limited’s (ASX:JCS) Return On Capital Employed Might Be A Concern

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for JCurve Solutions: 0.086 = AU$500k ÷ (AU$11m - AU$4.8m) (Based on the trailing twelve months to December 2018.) So, JCurve Solutions has an ROCE of 8.6%. … JCurve Solutions's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … JCurve Solutions's ROCE is improved somewhat by its moderate amount of current liabilities.

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What Kind Of Shareholders Own JCurve Solutions Limited (ASX:JCS)?

Every investor in JCurve Solutions Limited (ASX:JCS) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

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Despite Its High P/E Ratio, Is JCurve Solutions Limited (ASX:JCS) Still Undervalued?

We'll show how you can use JCurve Solutions Limited's (ASX:JCS) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, JCurve Solutions's P/E ratio is 40.21. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Should You Worry About JCurve Solutions Limited's (ASX:JCS) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Stephen Canning's Compensation Compare With Similar Sized Companies. … According to our data, JCurve Solutions Limited has a market capitalization of AU$9.8m, and pays its CEO total annual compensation worth AU$394k.

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If You Had Bought JCurve Solutions Shares Three Years Ago You'd Have Made 136%

It hasn't been the best quarter for JCurve Solutions Limited (ASX:JCS) shareholders, since the share price has fallen 30% in that time. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … Over the last three years JCurve Solutions has grown its revenue at 8.5% annually.

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Should We Be Cautious About JCurve Solutions Limited's (ASX:JCS) ROE Of 5.2%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows JCurve Solutions has a return on equity of 5.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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JCurve Solutions Limited (ASX:JCS) Might Not Be A Great Investment

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

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Does JCurve Solutions Limited's (ASX:JCS) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … JCurve Solutions has a P/E ratio of 16.33, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Is JCurve Solutions Limited's (ASX:JCS) CEO Paid At A Competitive Rate?

How Does Stephen Canning's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that JCurve Solutions Limited has a market cap of AU$14m, and is paying total annual CEO compensation of AU$394k. … We examined a group of similar sized companies, with market capitalizations of below AU$279m

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Company Info

Description

JCurve Solutions Limited, a cloud technology company, provides enterprise resource planning (ERP) and telecommunications expense management solutions in Australia, New Zealand, and Singapore. The company offers JCurveERP, a single system to streamline and automate business; NetSuite, a cloud-based software suite for reducing operational costs and improving profitability; and MYOB Advanced, a cloud ERP software platform, which include inventory management, sales and marketing, purchasing, accounting, and others. It also provides JTel to streamline telecom information in a cloud system; and Full Circle, a telecom expense management software. In addition, the company offers implementation, training, support, accounting, consulting, managed, and audit and optimization services. It primarily serves wholesale distribution, manufacturing, food and beverage, packaging suppliers, and retail industries. The company was formerly known as Stratatel Limited and changed its name to JCurve Solutions Limited in December 2013. JCurve Solutions Limited was founded in 1997 and is headquartered in Chatswood, Australia.

Details
Name: JCurve Solutions Limited
JCS
Exchange: ASX
Founded: 1997
A$11,802,848
327,856,900
Website: http://www.jcurvesolutions.com
Address: JCurve Solutions Limited
9 Help Street,
Level 8,
Chatswood,
New South Wales, 2067,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX JCS Ordinary Shares Australian Securities Exchange AU AUD 08. Dec 2000
CHIA JCS Ordinary Shares Chi-X Australia AU AUD 08. Dec 2000
Number of employees
Current staff
Staff numbers
0
JCurve Solutions employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 10:34
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.