ASX:K2F

Stock Analysis Report

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Executive Summary

K2fly Limited offers technical assurance enterprise software in Australia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has K2fly's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: K2F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.8%

K2F

-3.1%

AU Software

-3.5%

AU Market


1 Year Return

135.5%

K2F

26.9%

AU Software

-9.2%

AU Market

Return vs Industry: K2F exceeded the Australian Software industry which returned 29.8% over the past year.

Return vs Market: K2F exceeded the Australian Market which returned -8.3% over the past year.


Shareholder returns

K2FIndustryMarket
7 Day2.8%-3.1%-3.5%
30 Day2.8%5.7%0.5%
90 Day25.9%20.7%2.3%
1 Year135.5%135.5%27.9%26.9%-6.0%-9.2%
3 Year305.6%305.6%114.4%107.2%12.4%-1.8%
5 Yearn/a186.6%165.7%39.6%10.8%

Price Volatility Vs. Market

How volatile is K2fly's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is K2fly undervalued compared to its fair value and its price relative to the market?

21.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate K2F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate K2F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: K2F is unprofitable, so we can't compare its PE Ratio to the AU Software industry average.

PE vs Market: K2F 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 K2F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: K2F is overvalued based on its PB Ratio (22x) compared to the AU Software industry average (5.3x).


Next Steps

Future Growth

How is K2fly forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.9%

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 K2fly 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 K2fly performed over the past 5 years?

-19.3%

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 19.3% 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 (21%).


Return on Equity

High ROE: K2F has a negative Return on Equity (-219.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is K2fly's financial position?


Financial Position Analysis

Short Term Liabilities: K2F's short term assets (A$4.1M) exceed its short term liabilities (A$3.3M).

Long Term Liabilities: K2F's short term assets (A$4.1M) exceed its long term liabilities (A$475.7K).


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 3 years based on its current free cash flow.

Forecast Cash Runway: K2F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 11.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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.


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 K2F'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?

2.9yrs

Average management tenure


CEO

Brian Miller

4.67yrs

Tenure

AU$356,915

Compensation

Mr. Brian Peter Miller, B.Ed (Hons), M.A, has been Chief Executive Officer at K2fly Limited since November 18, 2016 and its Executive Director since February 10, 2016. Mr. Miller served as Executive Chairm ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD252.11K) is about average for companies of similar size in the Australian market ($USD279.08K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Brian Miller
CEO & Executive Director4.67yrsAU$356.92k2.96%
A$ 1.0m
Navin Nirmalrajan
Director of Operationsno datano datano data
Nicholas Pollock
Chief Commercial Officer2yrsno datano data
Neil Young
Chief Architectno datano datano data
Melissa Chapman
Joint-Company Secretary2.92yrsno datano data
Catherine Grant-Edwards
Joint-Company Secretary2.92yrsno datano data

2.9yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Brian Miller
CEO & Executive Director4.67yrsAU$356.92k2.96%
A$ 1.0m
James Deacon
Non-Executive Independent Director3.58yrsAU$85.29k0.45%
A$ 151.9k
Jenny Cutri
Independent Non-Executive Chairman2.25yrsAU$85.29k0.51%
A$ 171.8k
Neil Canby
Non-Executive Director3.58yrsAU$85.29k0.88%
A$ 297.4k

3.6yrs

Average Tenure

Experienced Board: K2F's board of directors are considered experienced (3.6 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: K2fly Limited
  • Ticker: K2F
  • Exchange: ASX
  • Founded:
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: AU$33.966m
  • Shares outstanding: 93.06m
  • Website: https://k2fly.com

Number of Employees


Location

  • K2fly Limited
  • Grand Central
  • 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

Biography

K2fly Limited offers technical assurance enterprise software in Australia. The company provides asset management, and software and integration consulting services; and sells owned and third party software ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 10:39
End of Day Share Price2020/10/29 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.