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NEA

NearmapASX:NEA Stock Report

Market Cap

AU$1.1b

7D

1.4%

1Y

-10.7%

Updated

26 Oct, 2021

Data

Company Financials +
NEA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

NEA Overview

Nearmap Ltd provides cloud-based geospatial information services in Australia, New Zealand, Canada, and North America.

Rewards

Earnings are forecast to grow 66.99% per year

Risk Analysis

No risks detected for NEA from our risk checks.

Nearmap Competitors

Hexagon

OM:HEXA B

kr374.8b

NavInfo

SZSE:002405

CN¥27.7b

Beijing SuperMap Software

SZSE:300036

CN¥10.9b

Nanjing Sample Technology

SEHK:1708

HK$4.3b

Price History & Performance

Summary of all time highs, changes and price drops for Nearmap
Historical stock prices
Current Share PriceAU$2.18
52 Week HighAU$1.62
52 Week LowAU$2.79
Beta1.66
1 Month Change7.92%
3 Month Change4.31%
1 Year Change-10.66%
3 Year Change59.12%
5 Year Change186.84%
Change since IPO433.01%

Recent News & Updates

Aug 22
We're Interested To See How Nearmap (ASX:NEA) Uses Its Cash Hoard To Grow

We're Interested To See How Nearmap (ASX:NEA) Uses Its Cash Hoard To Grow

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

NEAAU SoftwareAU Market
7D1.4%2.8%0.8%
1Y-10.7%33.4%24.4%

Return vs Industry: NEA underperformed the Australian Software industry which returned 33.4% over the past year.

Return vs Market: NEA underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is NEA's price volatile compared to industry and market?
NEA volatility
NEA Beta1.66
Industry Beta0.85
Market Beta1

Stable Share Price: NEA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NEA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aRob Newmanhttps://www.nearmap.com.au

Nearmap Ltd provides cloud-based geospatial information services in Australia, New Zealand, Canada, and North America. It offers aerial imagery maps, such as vertical and oblique imagery, Nearmap 3D, Nearmap AI, and Nearmap on OpenSolar. Its solutions are used in architecture and engineering, construction, insurance and financial services, property and real estate, roofing, solar, telecommunication, transportation and logistics, and utilities, as well as government sector.

Nearmap Fundamentals Summary

How do Nearmap's earnings and revenue compare to its market cap?
NEA fundamental statistics
Market CapAU$1.09b
Earnings (TTM)-AU$18.82m
Revenue (TTM)AU$113.43m

9.6x

P/S Ratio

-57.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEA income statement (TTM)
RevenueAU$113.43m
Cost of RevenueAU$58.63m
Gross ProfitAU$54.80m
ExpensesAU$73.62m
Earnings-AU$18.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.038
Gross Margin48.31%
Net Profit Margin-16.59%
Debt/Equity Ratio0%

How did NEA perform over the long term?

See historical performance and comparison

Valuation

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

7.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NEA (A$2.18) is trading above our estimate of fair value (A$0.24)

Significantly Below Fair Value: NEA is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NEA is overvalued based on its PB Ratio (7.6x) compared to the AU Software industry average (5.3x).


Future Growth

How is Nearmap forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

67.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

High Growth Earnings: NEA's is expected to become profitable in the next 3 years.

Revenue vs Market: NEA's revenue (20.7% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: NEA's revenue (20.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEA's Return on Equity is forecast to be low in 3 years time (8.3%).


Past Performance

How has Nearmap performed over the past 5 years?

-34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEA is currently unprofitable.

Growing Profit Margin: NEA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEA is unprofitable, and losses have increased over the past 5 years at a rate of 34.8% per year.

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

Earnings vs Industry: NEA is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (37.5%).


Return on Equity

High ROE: NEA has a negative Return on Equity (-13.19%), as it is currently unprofitable.


Financial Health

How is Nearmap's financial position?


Financial Position Analysis

Short Term Liabilities: NEA's short term assets (A$159.2M) exceed its short term liabilities (A$79.9M).

Long Term Liabilities: NEA's short term assets (A$159.2M) exceed its long term liabilities (A$17.1M).


Debt to Equity History and Analysis

Debt Level: NEA is debt free.

Reducing Debt: NEA has not had any debt for past 5 years.


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: NEA has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Dividend

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

0.14%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NEA'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 NEA'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?

3.7yrs

Average management tenure


CEO

Rob Newman (57 yo)

6yrs

Tenure

AU$1,555,163

Compensation

Dr. Robert Melville Newman, also known as Rob, B.Eng(1st Hons), Ph D., has been the Chief Executive Officer, Managing Director at Nearmap Ltd since October 15, 2015 and has been its Director since February...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD1.17M) is about average for companies of similar size in the Australian market ($USD991.03K).

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


Leadership Team

Experienced Management: NEA's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: NEA's board of directors are considered experienced (7.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nearmap Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Nearmap Ltd
  • Ticker: NEA
  • Exchange: ASX
  • Founded: 1998
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$1.085b
  • Shares outstanding: 497.75m
  • Website: https://www.nearmap.com.au

Location

  • Nearmap Ltd
  • Tower One
  • Level 4
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:15
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.