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SMX

Security MattersASX:SMX Stock Report

Market Cap

AU$52.5m

7D

0%

1Y

-6.3%

Updated

22 Oct, 2021

Data

Company Financials
SMX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SMX Overview

Security Matters Limited engages in the development and commercialization of track and trace technologies for various industries in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Security Matters
Historical stock prices
Current Share PriceAU$0.30
52 Week HighAU$0.28
52 Week LowAU$0.48
Beta0.70
1 Month Change5.26%
3 Month Change-17.81%
1 Year Change-6.25%
3 Year Change-34.07%
5 Year Changen/a
Change since IPO46.34%

Recent News & Updates

Shareholder Returns

SMXAU SoftwareAU Market
7D0%2.2%0.7%
1Y-6.3%28.7%21.4%

Return vs Industry: SMX underperformed the Australian Software industry which returned 28.7% over the past year.

Return vs Market: SMX underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is SMX's price volatile compared to industry and market?
SMX volatility
SMX Beta0.70
Industry Beta0.85
Market Beta1

Stable Share Price: SMX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SMX's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018n/aHaggai Alonhttps://www.smx.tech/home

Security Matters Limited engages in the development and commercialization of track and trace technologies for various industries in Australia. The company owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance. Its technology comprises a chemical-based hidden barcode system, as well as a reader to identify these codes; and a blockchain record to store and protect ownership data.

Security Matters Fundamentals Summary

How do Security Matters's earnings and revenue compare to its market cap?
SMX fundamental statistics
Market CapUS$39.34m
Earnings (TTM)-US$5.20m
Revenue (TTM)US$9.07k

4.5kx

P/S Ratio

-7.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMX income statement (TTM)
RevenueUS$9.07k
Cost of RevenueUS$5.39k
Gross ProfitUS$3.69k
ExpensesUS$5.20m
Earnings-US$5.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.031
Gross Margin40.62%
Net Profit Margin-57,281.59%
Debt/Equity Ratio3.3%

How did SMX perform over the long term?

See historical performance and comparison

Valuation

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

4.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SMX is good value based on its PB Ratio (4.5x) compared to the AU Software industry average (5.2x).


Future Growth

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

31.1%

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 Security Matters 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.


Past Performance

How has Security Matters performed over the past 5 years?

-20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMX is currently unprofitable.

Growing Profit Margin: SMX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMX is unprofitable, and losses have increased over the past 5 years at a rate of 20.2% per year.

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

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


Return on Equity

High ROE: SMX has a negative Return on Equity (-62.84%), as it is currently unprofitable.


Financial Health

How is Security Matters's financial position?


Financial Position Analysis

Short Term Liabilities: SMX's short term assets ($6.0M) exceed its short term liabilities ($1.3M).

Long Term Liabilities: SMX's short term assets ($6.0M) exceed its long term liabilities ($549.6K).


Debt to Equity History and Analysis

Debt Level: SMX's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SMX's debt to equity ratio has reduced over the 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: SMX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SMX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.1% each year


Dividend

What is Security Matters's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.8yrs

Average management tenure


CEO

Haggai Alon

no data

Tenure

US$228,805

Compensation

Mr. Haggai Alon is a Founder of Security Matters Limited and has been its Executive Director and Chief Executive Officer of Security Matters Limited since July 24, 2018. Mr. Alon served as Deputy Chief Exe...


CEO Compensation Analysis

Compensation vs Market: Haggai's total compensation ($USD228.81K) is about average for companies of similar size in the Australian market ($USD303.33K).

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


Leadership Team

Experienced Management: SMX's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: SMX's board of directors are considered experienced (3.3 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 29.2%.


Top Shareholders

Company Information

Security Matters Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Security Matters Limited
  • Ticker: SMX
  • Exchange: ASX
  • Founded: 2018
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: AU$52.526m
  • Shares outstanding: 166.75m
  • Website: https://www.smx.tech/home

Location

  • Security Matters Limited
  • 525 Collins Street
  • Level 25
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.