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K2F

K2fly ASX:K2F Stock Report

Last Price

AU$0.19

Market Cap

AU$30.4m

7D

-2.6%

1Y

-30.9%

Updated

28 Sep, 2022

Data

Company Financials +
K2F fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

K2F Stock Overview

K2fly Limited provides enterprise-level technical assurance and reporting solutions in the areas of environmental, social, and governance functions in Australia.

K2fly Competitors

Price History & Performance

Summary of all time highs, changes and price drops for K2fly
Historical stock prices
Current Share PriceAU$0.19
52 Week HighAU$0.35
52 Week LowAU$0.14
Beta1.46
1 Month Change-9.52%
3 Month Change26.67%
1 Year Change-30.91%
3 Year Change8.57%
5 Year Change131.71%
Change since IPO2.70%

Recent News & Updates

Shareholder Returns

K2FAU SoftwareAU Market
7D-2.6%-3.5%-3.3%
1Y-30.9%-24.3%-10.6%

Return vs Industry: K2F underperformed the Australian Software industry which returned -24.3% over the past year.

Return vs Market: K2F underperformed the Australian Market which returned -10.6% over the past year.

Price Volatility

Is K2F's price volatile compared to industry and market?
K2F volatility
K2F Average Weekly Movement12.3%
Software Industry Average Movement10.9%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: K2F is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: K2F's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aNic Pollockhttps://k2fly.com

K2fly Limited provides enterprise-level technical assurance and reporting solutions in the areas of environmental, social, and governance functions in Australia. It sells own and third party software solutions; provides software and integration consulting services; and offers asset management consultant services in the resources sector, and asset management and asset intensive industries. The company also offers community and heritage, land access and monitoring, ground disturbance, dams and tailings, rehabilitation and closure, resources inventory and reconciliation, block model management and governance, automated ore blocking, and mine geology data management solutions.

K2fly Fundamentals Summary

How do K2fly's earnings and revenue compare to its market cap?
K2F fundamental statistics
Market CapAU$30.43m
Earnings (TTM)-AU$4.62m
Revenue (TTM)AU$10.02m

3.3x

P/S Ratio

-7.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
K2F income statement (TTM)
RevenueAU$10.02m
Cost of RevenueAU$5.34m
Gross ProfitAU$4.67m
Other ExpensesAU$9.30m
Earnings-AU$4.62m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin46.66%
Net Profit Margin-46.13%
Debt/Equity Ratio0%

How did K2F perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is K2F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for K2F?

Other financial metrics that can be useful for relative valuation.

K2F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA-4.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does K2F's PS Ratio compare to its peers?

K2F PS Ratio vs Peers
The above table shows the PS ratio for K2F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.4x
PRO Prophecy International Holdings
3.7xn/aAU$60.7m
RCW RightCrowd
0.7x33.8%AU$10.7m
AR9 archTIS
8.1xn/aAU$37.7m
TNT Tesserent
1.2x12.8%AU$135.9m
K2F K2fly
3.3x37.7%AU$30.4m

Price-To-Sales vs Peers: K2F is good value based on its Price-To-Sales Ratio (3.3x) compared to the peer average (3.4x).


Price to Earnings Ratio vs Industry

How does K2F's PE Ratio compare vs other companies in the AU Software Industry?

Price-To-Sales vs Industry: K2F is good value based on its Price-To-Sales Ratio (3.3x) compared to the Australian Software industry average (3.6x)


Price to Sales Ratio vs Fair Ratio

What is K2F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

K2F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.3x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: K2F is good value based on its Price-To-Sales Ratio (3.3x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).


Share Price vs Fair Value

What is the Fair Price of K2F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: K2F (A$0.19) is trading below our estimate of fair value (A$1.42)

Significantly Below Fair Value: K2F is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is K2fly forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


130.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: K2F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: K2F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: K2F is expected to become profitable in the next 3 years.

Revenue vs Market: K2F's revenue (37.7% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: K2F's revenue (37.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: K2F's Return on Equity is forecast to be low in 3 years time (7.4%).


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Past Performance

How has K2fly performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: K2F is currently unprofitable.

Growing Profit Margin: K2F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: K2F is unprofitable, and losses have increased over the past 5 years at a rate of 0.5% per year.

Accelerating Growth: Unable to compare K2F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: K2F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-10.7%).


Return on Equity

High ROE: K2F has a negative Return on Equity (-32.91%), as it is currently unprofitable.


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Financial Health

How is K2fly's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: K2F's short term assets (A$10.2M) exceed its short term liabilities (A$9.3M).

Long Term Liabilities: K2F's short term assets (A$10.2M) exceed its long term liabilities (A$3.1M).


Debt to Equity History and Analysis

Debt Level: K2F is debt free.

Reducing Debt: K2F 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: K2F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if K2F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is K2fly current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

K2fly Dividend Yield vs Market
How does K2fly dividend yield compare to the market?
SegmentDividend Yield
Company (K2fly)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Software)1.0%
Analyst forecast in 3 Years (K2fly)n/a

Notable Dividend: Unable to evaluate K2F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate K2F'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 K2F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if K2F's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as K2F has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

Nic Pollock

1yr

Tenure

Mr. Nicholas Patrick Pollock, also known as Nic, serves as Chief Executive Officer at K2fly Limited since 2021 and also served as Chief commercial Officer since October 1, 2018 until 2021. He served as the...


Leadership Team

Experienced Management: K2F's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: K2F's board of directors are considered experienced (5.6 years average tenure).


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

ASX:K2F Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 May 22BuyAU$7,220Neil CanbyIndividual38,000AU$0.19
19 Apr 22BuyAU$749,996Tribeca Investment Partners Pty. Ltd.Company4,166,667AU$0.18
01 Feb 22BuyAU$12,916Regal Partners LimitedCompany58,707AU$0.22
28 Jan 22BuyAU$396,068Regal Partners LimitedCompany1,463,905AU$0.32
25 Nov 21BuyAU$331,215Tribeca Investment Partners Pty. Ltd.Company1,105,713AU$0.30
29 Sep 21BuyAU$365,548Tribeca Investment Partners Pty. Ltd.Company1,448,022AU$0.25

Ownership Breakdown

What is the ownership structure of K2F?
Owner TypeNumber of SharesOwnership Percentage
Public Companies15,166,6918.7%
Hedge Funds16,808,9169.7%
Individual Insiders26,019,68115.0%
Private Companies28,827,23016.6%
Institutions38,638,94922.2%
General Public48,433,64827.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26%.


Top Shareholders

Top 25 shareholders own 71.96% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.12%
Maptek Pty Limited
22,810,245A$4.3m0%no data
10.16%
Tribeca Investment Partners Pty. Ltd.
17,667,380A$3.4m42.54%1.56%
9.67%
Regal Partners Limited
16,808,916A$3.2m33.58%0.22%
6.54%
Wesfarmers Limited
11,366,691A$2.2m0%no data
5.92%
First Sentier Investors (Australia) IM Ltd
10,300,000A$2.0m0%no data
5.04%
Credit Suisse, Investment Banking and Securities Investments
8,765,086A$1.7m0%no data
3.24%
Mark Forster
5,633,803A$1.1m0%no data
3%
Narelle Fay
5,211,057A$990.1k0%no data
2.19%
Corporate Resource Services, Inc.
3,800,000A$722.0k0%no data
1.92%
Nicholas Axam
3,340,600A$634.7k0%no data
1.74%
BPM Capital Limited
3,029,000A$575.5k0%no data
1.72%
Brian Miller
2,984,600A$567.1k-2.65%no data
0.81%
Paul Madden
1,401,665A$266.3k0%no data
0.81%
Charles Arve
1,400,000A$266.0k0%no data
0.76%
Paul Hart
1,320,000A$250.8k0%no data
0.71%
The M Kisirwani Family Trust
1,230,765A$233.8k0%no data
0.7%
Canary Capital Pty Ltd
1,210,000A$229.9k0%41.55%
0.68%
Neil Canby
1,180,844A$224.4k14.55%no data
0.61%
Internatzionale Consulting Pty Ltd
1,062,760A$201.9k0%no data
0.53%
Margaret Lindemann
917,171A$174.3k0%no data
0.53%
Luke Lindemann
917,170A$174.3k0%no data
0.44%
Eugenia Cutri
770,660A$146.4k24.17%no data
0.41%
James Deacon
716,111A$136.1k26.5%no data
0.4%
Gregory J Wood & Associates Pty. Ltd.
694,460A$131.9k0%no data
0.34%
Ks Capital Pty Ltd, Asset Management Arm
596,483A$113.3k0%100%

Company Information

K2fly Limited's employee growth, exchange listings and data sources


Key Information

  • Name: K2fly Limited
  • Ticker: K2F
  • Exchange: ASX
  • Founded: 2007
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: AU$30.432m
  • Shares outstanding: 173.90m
  • Website: https://k2fly.com

Number of Employees


Location

  • K2fly Limited
  • 26 Railway Road
  • Level 1
  • Subiaco
  • Western Australia
  • 6008
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
K2FCHIA (Chi-X Australia)YesNew Ordinary SharesAUAUDNov 2016
K2FASX (Australian Securities Exchange)YesNew Ordinary SharesAUAUDNov 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.