Connected IO Limited designs and manufactures routers and modems for machine-to-machine and IoT connectivity in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.055|
|52 Week High||AU$0.04|
|52 Week Low||AU$0.30|
|1 Month Change||0%|
|3 Month Change||22.22%|
|1 Year Change||-76.09%|
|3 Year Change||-81.67%|
|5 Year Change||-98.23%|
|Change since IPO||-100.00%|
Recent News & Updates
Does Connected IO (ASX:CIO) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|CIO||AU Communications||AU Market|
Return vs Industry: CIO underperformed the Australian Communications industry which returned 16.8% over the past year.
Return vs Market: CIO underperformed the Australian Market which returned 20.3% over the past year.
Stable Share Price: CIO is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: CIO's weekly volatility has decreased from 17% to 10% over the past year.
About the Company
Connected IO Limited designs and manufactures routers and modems for machine-to-machine and IoT connectivity in Australia. It offers modems and routers for failover, point of sale, digital signage, kiosks, security and surveillance, energy management, telehealth, automotive telematics, smart cities, monitoring and control, and vending machines applications. The company was formerly known as G8 Communications Limited and changed its name to Connected IO Limited in December 2016.
Connected IO Fundamentals Summary
|CIO fundamental statistics|
Is CIO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CIO income statement (TTM)|
|Cost of Revenue||AU$691.91k|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.018|
|Net Profit Margin||-475.72%|
How did CIO perform over the long term?See historical performance and comparison
Is Connected IO undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Connected IO is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Connected IO has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Connected IO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech 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 Connected IO 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.
How has Connected IO performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CIO is currently unprofitable.
Growing Profit Margin: CIO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CIO is unprofitable, but has reduced losses over the past 5 years at a rate of 14.3% per year.
Accelerating Growth: Unable to compare CIO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CIO is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (22.8%).
Return on Equity
High ROE: CIO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Connected IO's financial position?
Financial Position Analysis
Short Term Liabilities: CIO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CIO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CIO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CIO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: CIO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CIO has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 6.6% each year.
What is Connected IO current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CIO'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 CIO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CIO'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 CIO's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Ferguson (51 yo)
Mr. Dougal James Ferguson, also known as Doug, B.Bus, CPA, MAICD, ICSA & GAICD, serves as the Chief Executive Officer at Connected IO Limited since February 18, 2021. He has been an Interim Company Secreta...
Experienced Management: CIO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: CIO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CIO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1182.2%.
Connected IO Limited's employee growth, exchange listings and data sources
- Name: Connected IO Limited
- Ticker: CIO
- Exchange: ASX
- Founded: 1983
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: AU$17.486m
- Shares outstanding: 317.92m
- Website: https://www.connectedio.com.au
- Connected IO Limited
- 8304 Esters Boulevard
- Suite 850
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:33|
|End of Day Share Price||2021/10/19 00:00|
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.