ASX:TTL

Stock Analysis Report

Transcendence Technologies

Executive Summary

Transcendence Technologies Limited, through its subsidiary, E-Collate Pty Ltd, develops communication platforms and data systems to link multi-source data and provide information for decision making in Australia.

Rewards

Earnings have grown 6.7% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (A$1M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TTL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TTL

0.8%

AU Software

1.4%

AU Market


1 Year Return

-46.7%

TTL

40.1%

AU Software

16.1%

AU Market

Return vs Industry: TTL underperformed the Australian Software industry which returned 47.9% over the past year.

Return vs Market: TTL underperformed the Australian Market which returned 19.4% over the past year.


Shareholder returns

TTLIndustryMarket
7 Day0%0.8%1.4%
30 Day0%4.1%0.5%
90 Day0%7.8%4.8%
1 Year-46.7%-46.7%41.3%40.1%21.2%16.1%
3 Year-73.3%-73.3%167.1%155.2%37.0%18.6%
5 Yearn/a173.8%153.0%51.7%17.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TTL is good value based on its PB Ratio (1.2x) compared to the AU Software industry average (4.3x).


Next Steps

Future Growth

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

37.0%

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 Transcendence Technologies 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 Transcendence Technologies performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTL is currently unprofitable.

Growing Profit Margin: TTL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TTL is unprofitable, but has reduced losses over the past 5 years at a rate of 6.7% per year.

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

Earnings vs Industry: TTL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (22.6%).


Return on Equity

High ROE: TTL has a negative Return on Equity (-51.61%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Transcendence Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TTL's short term assets (A$1.2M) exceed its short term liabilities (A$77.9K).

Long Term Liabilities: TTL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TTL is debt free.

Reducing Debt: TTL has no debt compared to 5 years ago when its debt to equity ratio was 112.1%.


Balance Sheet

Inventory Level: TTL has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TTL's debt is covered by short term assets.


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

Forecast Cash Runway: TTL has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of -1% each year.


Next Steps

Dividend

What is Transcendence Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TTL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TTL's dividends per share have been stable in the past.

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

3.5yrs

Average board tenure


CEO

Transcendence Technologies has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Jeremy King
Non-Executive Director3.5yrsAU$66.79k0.29% A$4.0k
Peter Wall
Non-Executive Chairman3.8yrsAU$92.45k1.24% A$17.2k
Patrick Holywell
Non-Executive Director0.08yrsno datano data

3.5yrs

Average Tenure

Experienced Board: TTL's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TTL 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

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


Key Information

  • Name: Transcendence Technologies Limited
  • Ticker: TTL
  • Exchange: ASX
  • Founded: 2001
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$1.390m
  • Shares outstanding: 173.72m
  • Website: https://www.tt-limited.com

Location

  • Transcendence Technologies Limited
  • 1 Altona Street
  • Suite 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2003
TTLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2003

Biography

Transcendence Technologies Limited, through its subsidiary, E-Collate Pty Ltd, develops communication platforms and data systems to link multi-source data and provide information for decision making in Australia. It offers E-Collate app, a cross-platform messaging and financials management tool that enables users to collate and analyze SMS, email, instant messages, and bank data, as well as attachments and documents added into the system. The company also develops products for document aggregation to streamline the administration of individual self-managed superannuation funds. It serves various industry sectors and consumer groups, including consumer, business, and enterprise groups. The company was incorporated in 2001 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/18 12:41
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.