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NetComm Wireless

ASX:NTC
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NTC
ASX
A$159M
Market Cap
  1. Home
  2. AU
  3. Tech
Company description

NetComm Wireless Limited develops and sells broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise customers worldwide. The last earnings update was 60 days ago. More info.


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  • NetComm Wireless has significant price volatility in the past 3 months.
NTC Share Price and Events
7 Day Returns
0%
ASX:NTC
-2.5%
AU Communications
-0%
AU Market
1 Year Returns
-18.1%
ASX:NTC
-26.1%
AU Communications
4.9%
AU Market
NTC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NetComm Wireless (NTC) 0% 0.9% 43.7% -18.1% -63.7% 76.4%
AU Communications -2.5% 3.6% 19.9% -26.1% -63.7% 69.3%
AU Market -0% 1% 6.3% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • NTC outperformed the Communications industry which returned -26.1% over the past year.
  • NTC underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
NTC
Industry
5yr Volatility vs Market

Value

 Is NetComm Wireless undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NetComm Wireless to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NetComm Wireless.

ASX:NTC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:NTC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 30%) (0%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.06 * 5.96%)
8.63%

Discounted Cash Flow Calculation for ASX:NTC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NetComm Wireless is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:NTC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.63%)
2019 11.40 Analyst x1 10.49
2020 17.10 Analyst x1 14.49
2021 18.40 Analyst x1 14.35
2022 19.47 Est @ 5.82% 13.98
2023 20.40 Est @ 4.77% 13.48
2024 21.22 Est @ 4.03% 12.91
2025 21.97 Est @ 3.52% 12.31
2026 22.66 Est @ 3.16% 11.69
2027 23.32 Est @ 2.9% 11.07
2028 23.96 Est @ 2.73% 10.47
Present value of next 10 years cash flows A$125.24
ASX:NTC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$23.96 × (1 + 2.31%) ÷ (8.63% – 2.31%)
A$387.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$387.79 ÷ (1 + 8.63%)10
A$169.44
ASX:NTC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$125.24 + A$169.44
A$294.68
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$294.68 / 146.33
A$2.01
ASX:NTC Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.01
Current discount Discount to share price of A$1.09
= -1 x (A$1.09 - A$2.01) / A$2.01
46.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NetComm Wireless is available for.
Intrinsic value
46%
Share price is A$1.09 vs Future cash flow value of A$2.01
Current Discount Checks
For NetComm Wireless to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NetComm Wireless's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NetComm Wireless's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NetComm Wireless's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NetComm Wireless's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NTC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.05
ASX:NTC Share Price ** ASX (2019-04-18) in AUD A$1.09
Global Communications Industry PE Ratio Median Figure of 94 Publicly-Listed Communications Companies 20.14x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NetComm Wireless.

ASX:NTC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:NTC Share Price ÷ EPS (both in AUD)

= 1.09 ÷ 0.05

23.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NetComm Wireless is overvalued based on earnings compared to the Global Communications industry average.
  • NetComm Wireless is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does NetComm Wireless's expected growth come at a high price?
Raw Data
ASX:NTC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
35.3%per year
Global Communications Industry PEG Ratio Median Figure of 46 Publicly-Listed Communications Companies 1.04x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

ASX:NTC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.98x ÷ 35.3%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NetComm Wireless is good value based on expected growth next year.
Price based on value of assets
What value do investors place on NetComm Wireless's assets?
Raw Data
ASX:NTC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.59
ASX:NTC Share Price * ASX (2019-04-18) in AUD A$1.09
Australia Communications Industry PB Ratio Median Figure of 6 Publicly-Listed Communications Companies 2.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:NTC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NTC Share Price ÷ Book Value per Share (both in AUD)

= 1.09 ÷ 0.59

1.83x

* Primary Listing of NetComm Wireless.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NetComm Wireless is good value based on assets compared to the AU Communications industry average.
X
Value checks
We assess NetComm Wireless's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. NetComm Wireless has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NetComm Wireless expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NetComm Wireless expected to grow at an attractive rate?
  • NetComm Wireless's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • NetComm Wireless's earnings growth is expected to exceed the Australia market average.
  • NetComm Wireless's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NTC Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NTC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 35.3%
ASX:NTC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.9%
Global Communications Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
Global Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:NTC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NTC Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 252 22 11 1
2020-06-30 241 21 8 2
2019-06-30 209 17 3 2
ASX:NTC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 187 26 7
2018-09-30 185 25 7
2018-06-30 182 24 8
2018-03-31 165 13 6
2017-12-31 149 2 4
2017-09-30 128 5 1
2017-06-30 108 8 -2
2017-03-31 97 8 -2
2016-12-31 86 8 -2
2016-09-30 85 3 0
2016-06-30 85 -2 2
2016-03-31 88 0 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NetComm Wireless's earnings are expected to grow significantly at over 20% yearly.
  • NetComm Wireless's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:NTC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from NetComm Wireless Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NTC Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.07 0.07 0.07 1.00
2020-06-30 0.06 0.06 0.05 2.00
2019-06-30 0.02 0.02 0.02 2.00
ASX:NTC Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.04
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 0.00
2016-06-30 0.02
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NetComm Wireless is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NetComm Wireless's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NetComm Wireless has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NetComm Wireless performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NetComm Wireless's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NetComm Wireless has delivered over 20% year on year earnings growth in the past 5 years.
  • NetComm Wireless's 1-year earnings growth exceeds its 5-year average (85.1% vs 30.8%)
  • NetComm Wireless's earnings growth has exceeded the Global Communications industry average in the past year (85.1% vs 20.6%).
Earnings and Revenue History
NetComm Wireless's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NetComm Wireless Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NTC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 187.42 6.62 35.93
2018-09-30 184.55 7.30 33.71
2018-06-30 181.69 7.98 31.50
2018-03-31 165.44 5.78 30.42
2017-12-31 149.20 3.57 29.33
2017-09-30 128.39 0.89 25.69
2017-06-30 107.58 -1.79 22.05
2017-03-31 96.65 -1.89 19.59
2016-12-31 85.73 -1.98 17.13
2016-09-30 85.44 0.02 14.93
2016-06-30 85.16 2.03 12.73
2016-03-31 87.81 3.22 11.88
2015-12-31 90.47 4.42 11.02
2015-09-30 82.37 3.44 10.23
2015-06-30 74.26 2.46 9.44
2015-03-31 69.25 1.84 9.61
2014-12-31 64.25 1.22 9.78
2014-09-30 64.39 1.12 9.08
2014-06-30 64.53 1.02 8.38
2014-03-31 57.88 0.74 7.78
2013-12-31 51.24 0.46 7.18
2013-09-30 47.01 -0.04 7.40
2013-06-30 42.78 -0.54 7.63
2012-12-31 56.06 2.05 7.39
2012-09-30 57.66 1.81 7.81
2012-06-30 59.27 1.57 8.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NetComm Wireless has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NetComm Wireless used its assets less efficiently than the Global Communications industry average last year based on Return on Assets.
  • NetComm Wireless's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NetComm Wireless's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NetComm Wireless has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NetComm Wireless's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NetComm Wireless's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NetComm Wireless is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NetComm Wireless's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NetComm Wireless's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • NetComm Wireless has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NetComm Wireless Company Filings, last reported 3 months ago.

ASX:NTC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 86.69 0.00 17.36
2018-09-30 86.69 0.00 17.36
2018-06-30 84.19 0.00 27.37
2018-03-31 84.19 0.00 27.37
2017-12-31 79.84 0.04 13.14
2017-09-30 79.84 0.04 13.14
2017-06-30 75.58 0.06 22.29
2017-03-31 75.58 0.06 22.29
2016-12-31 75.40 0.07 29.79
2016-09-30 75.40 0.07 29.79
2016-06-30 77.29 0.08 36.68
2016-03-31 77.29 0.08 36.68
2015-12-31 27.11 11.76 1.96
2015-09-30 27.11 11.76 1.96
2015-06-30 24.60 3.34 3.52
2015-03-31 24.60 3.34 3.52
2014-12-31 22.71 7.72 4.78
2014-09-30 22.71 7.72 4.78
2014-06-30 22.19 4.76 4.84
2014-03-31 22.19 4.76 4.84
2013-12-31 21.20 1.22 3.43
2013-09-30 21.20 1.22 3.43
2013-06-30 19.23 7.26 4.55
2012-12-31 15.02 12.42 6.81
2012-09-30 15.02 12.42 6.81
2012-06-30 15.83 12.64 7.71
  • NetComm Wireless has no debt.
  • NetComm Wireless has no debt compared to 5 years ago when it was 5.9%.
  • NetComm Wireless has no debt, it does not need to be covered by operating cash flow.
  • NetComm Wireless has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess NetComm Wireless's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NetComm Wireless has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NetComm Wireless's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NetComm Wireless dividends.
If you bought A$2,000 of NetComm Wireless shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NetComm Wireless's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NetComm Wireless's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:NTC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Global Communications Industry Average Dividend Yield Market Cap Weighted Average of 49 Stocks 2.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:NTC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
ASX:NTC Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2012-09-28 0.000 0.000
2012-08-24 0.000 0.000
2012-02-24 0.000 0.000
2011-09-30 0.005 3.736
2011-08-23 0.005 3.589
2011-02-23 0.005 3.601
2010-09-30 0.010 4.681
2010-08-25 0.010 4.260
2010-02-26 0.010 5.151
2009-09-30 0.010 3.466

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NetComm Wireless has not reported any payouts.
  • Unable to verify if NetComm Wireless's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NetComm Wireless's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NetComm Wireless has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NetComm Wireless's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NetComm Wireless afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NetComm Wireless has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NetComm Wireless's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Collins
COMPENSATION A$852,914
TENURE AS CEO 0.2 years
CEO Bio

Mr. Steve Collins has been Interim Chief Executive Officer at NetComm Wireless Limited since February 21, 2019 and was its Chief Technology Officer until February 21, 2019. Mr. Collins served as Senior Vice President of Engineering at NetComm Wireless Limited. Mr. Collins served as the Head of Engineering & Development at NetComm Wireless Limited (Alternate Name: Netcomm Ltd). He served as the Head of Product Development at NetComm Wireless Limited.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the NetComm Wireless management team in years:

2.2
Average Tenure
  • The tenure for the NetComm Wireless management team is about average.
Management Team

Steve Collins

TITLE
Interim Chief Executive Officer
COMPENSATION
A$853K
TENURE
0.2 yrs

David Paul Stewart

TITLE
Founder & Non-Executive Director
COMPENSATION
A$39K
AGE
64

Chris Last

TITLE
CFO & Company Secretary
COMPENSATION
A$550K
TENURE
2.5 yrs

Timo Brouwer

TITLE
Chief Operating Officer
COMPENSATION
A$573K
TENURE
2.5 yrs

Gillian Davie

TITLE
Chief People Officer
COMPENSATION
A$505K
TENURE
1.8 yrs

Ken Sheridan

TITLE
Executive Director
COMPENSATION
A$1M
AGE
56
TENURE
8.3 yrs

Michael Cornelius

TITLE
Research & Development Director
COMPENSATION
A$453K

Clint Bell

TITLE
Commercial & Legal Manager and Alternative Company Secretary

Els Baert

TITLE
Director of Marketing & Communications
TENURE
0.8 yrs

Yumi Bondy

TITLE
Head of Marketing
Board of Directors Tenure

Average tenure and age of the NetComm Wireless board of directors in years:

4
Average Tenure
64.5
Average Age
  • The tenure for the NetComm Wireless board of directors is about average.
Board of Directors

Justin Milne

TITLE
Chairman of the Board
COMPENSATION
A$150K
AGE
65
TENURE
7.1 yrs

David Paul Stewart

TITLE
Founder & Non-Executive Director
COMPENSATION
A$39K
AGE
64
TENURE
1.3 yrs

Ken Sheridan

TITLE
Executive Director
COMPENSATION
A$1M
AGE
56
TENURE
8.3 yrs

Stuart Black

TITLE
Non-Executive Independent Director
COMPENSATION
A$75K
TENURE
6.1 yrs

David Spence

TITLE
Non-Executive Independent Director
COMPENSATION
A$75K
AGE
65
TENURE
1.9 yrs

Jackie Korhonen

TITLE
Non-Executive Independent Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Sep 18 Buy Jacqueline Korhonen Individual 20. Sep 18 20. Sep 18 26,463 A$0.75 A$19,919
06. Sep 18 Buy Stuart Black Individual 06. Sep 18 06. Sep 18 20,000 A$0.77 A$15,303
06. Sep 18 Buy David Spence Individual 06. Sep 18 06. Sep 18 60,000 A$0.78 A$46,776
X
Management checks
We assess NetComm Wireless's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NetComm Wireless has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What does NetComm Wireless Limited's (ASX:NTC) Balance Sheet Tell Us About Its Future?

Zero-debt allows substantial financial flexibility, especially for small-cap companies like NetComm Wireless Limited (ASX:NTC), as the company does not have to adhere to strict debt covenants. … However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital

Simply Wall St -

A Note On NetComm Wireless Limited's (ASX:NTC) ROE and Debt To Equity

By way of learning-by-doing, we'll look at ROE to gain a better understanding of NetComm Wireless Limited (ASX:NTC). … Check out our latest analysis for NetComm Wireless? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Much Of NetComm Wireless Limited (ASX:NTC) Do Insiders Own?

If you want to know who really controls NetComm Wireless Limited (ASX:NTC), then you'll have to look at the makeup of its share registry. … NetComm Wireless is a smaller company with a market capitalization of AU$114m, so it may still be flying under the radar of many institutional investors. … institutions are not really that prevalent on the share registry

Simply Wall St -

Is NetComm Wireless Limited (ASX:NTC) Struggling With Its 11% Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

NetComm Wireless Limited (ASX:NTC): The Best Of Both Worlds

NetComm Wireless Limited (ASX:NTC) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … report on NetComm Wireless here

Simply Wall St -

With A Return On Equity Of 9.5%, Has NetComm Wireless Limited's (ASX:NTC) Management Done Well?

We'll use ROE to examine NetComm Wireless Limited (ASX:NTC), by way of a worked example. … Over the last twelve months NetComm Wireless has recorded a ROE of 9.5%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Interested In NetComm Wireless Limited (ASX:NTC)? Here's How It Performed Recently

In this commentary, I will examine NetComm Wireless Limited's (ASX:NTC) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, as well as how the rest of the communications industry performed. … See our latest analysis for NetComm Wireless? … NTC's trailing twelve-month earnings (from 31 December 2017) of AU$3.57m has

Simply Wall St -

Does NetComm Wireless Limited's (ASX:NTC) PE Ratio Warrant A Sell?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While this makes NTC appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Why NetComm Wireless Limited's (ASX:NTC) ROE Of 4.48% Does Not Tell The Whole Story

and looking to gauge the potential return on investment in NetComm Wireless Limited (ASX:NTC). … NetComm Wireless Limited (ASX:NTC) generated a below-average return on equity of 4.48% in the past 12 months, while its industry returned 8.21%. … Knowing these components can change your views on NTC's below-average returns.

Simply Wall St -

NetComm Wireless Limited (ASX:NTC): A Fundamentally Attractive Investment

I've been keeping an eye on NetComm Wireless Limited (ASX:NTC) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe NTC has a lot to offer. … company with a

Simply Wall St -

Company Info

Description

NetComm Wireless Limited develops and sells broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise customers worldwide. The company operates in two segments, Telecommunications Infrastructure Equipment & IIoT Business and Broadband Business. The Telecommunications Infrastructure Equipment & IIoT segment develops fixed wireless broadband, wireless machine-to-machine (M2M)/industrial Internet of Things (IoT), and fiber and cable to the distribution FTTdp/CTTdp point technologies; and offers network terminating devices designed to advance global network performance, extend coverage, and meet the demands of M2M/industrial IoT and broadband markets. The Broadband Business segment supplies communication devices, such as entry level gateways; and high-performance devices that support triple play services covering high-speed data transmission, multi HD/4K IPTV, and over-the-top video streaming, as well as VoIP phone calls. This segment’s products combine Wi-Fi with wired networking and powerline options to amplify connection to various devices throughout homes and offices. The company was formerly known as NetComm Limited and changed its name to NetComm Wireless Limited in December 2011. NetComm Wireless Limited was founded in 1982 and is headquartered in Sydney, Australia.

Details
Name: NetComm Wireless Limited
NTC
Exchange: ASX
Founded: 1982
A$158,767,948
146,329,906
Website: http://www.netcommwireless.com
Address: NetComm Wireless Limited
18-20 Orion Road,
Lane Cove,
Sydney,
New South Wales, 2066,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NTC Ordinary Shares Australian Securities Exchange AU AUD 27. Dec 1993
OTCPK NCLZ.F Ordinary Shares Pink Sheets LLC US USD 27. Dec 1993
CHIA NTC Ordinary Shares Chi-X Australia AU AUD 27. Dec 1993
CHIA SIS NPV Chi-X Australia AU AUD 07. Mar 2018
Number of employees
Current staff
Staff numbers
0
NetComm Wireless employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 10:32
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/25
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.