ASX:NUH

Stock Analysis Report

Executive Summary

Nuheara Limited, an audio wearables company, provides hearing devices worldwide.

Risk Analysis

Earnings have declined by -20.93% per year over past 5 years

Has less than 1 year of cash runway

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

Highly volatile share price over past 3 months

+ 3 more risks


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NUH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

NUH

1.0%

AU Tech

-2.0%

AU Market


1 Year Return

-46.4%

NUH

40.3%

AU Tech

16.7%

AU Market

Return vs Industry: NUH underperformed the Australian Tech industry which returned 40.3% over the past year.

Return vs Market: NUH underperformed the Australian Market which returned 16.7% over the past year.


Shareholder returns

NUHIndustryMarket
7 Day-5.1%1.0%-2.0%
30 Day-5.1%1.9%-0.7%
90 Day60.9%18.0%0.2%
1 Year-46.4%-46.4%43.3%40.3%22.5%16.7%
3 Year-57.0%-57.0%88.6%73.0%35.4%16.8%
5 Yearn/a107.8%83.6%60.6%24.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NUH is overvalued based on its PB Ratio (3.4x) compared to the XX Tech industry average (1.4x).


Next Steps

Future Growth

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

9.7%

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 Nuheara 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 Nuheara performed over the past 5 years?

-20.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NUH is currently unprofitable.

Growing Profit Margin: NUH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NUH is unprofitable, and losses have increased over the past 5 years at a rate of -20.9% per year.

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

Earnings vs Industry: NUH is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (3.8%).


Return on Equity

High ROE: NUH has a negative Return on Equity (-93.73%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nuheara's financial position?


Financial Position Analysis

Short Term Liabilities: NUH's short term assets (A$6.5M) exceed its short term liabilities (A$1.7M).

Long Term Liabilities: NUH's short term assets (A$6.5M) exceed its long term liabilities (A$23.5K).


Debt to Equity History and Analysis

Debt Level: NUH is debt free.

Reducing Debt: NUH had no debt 5 years ago.


Balance Sheet

Inventory Level: NUH has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NUH'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: NUH has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NUH has less than a year of cash runway if free cash flow continues to reduce at historical rates of -36% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if NUH'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 NUH's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Justin Miller 0

0yrs

Tenure

AU$438,000

Compensation

Mr. Justin Paul Miller has been Executive Chairman of Nuheara Limited since June 4, 2016. Miller serves as the Chief Executive Officer and Managing Director at Nuheara Limited and also has been its Execut ...


CEO Compensation Analysis

Compensation vs Market: Justin's total compensation ($USD299.28K) is about average for companies of similar size in the Australian market ($USD255.57K).

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


Management Age and Tenure

1.7yrs

Average Tenure

Experienced Management: NUH's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

1.7yrs

Average Tenure

Experienced Board: NUH's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$2,271,94615 Jul 19
Farjoy Pty Ltd
EntityCompany
Shares38,333,334
Max PriceAU$0.077
BuyAU$285,53208 Mar 19
Jamore Pty Ltd
EntityCompany
Shares3,823,854
Max PriceAU$0.079
BuyAU$49,98608 Feb 19
Kathryn Foster
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares640,000
Max PriceAU$0.078

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Management Team

  • Susan Hunter (44yo)

    Company Secretary

    • Tenure: 3.5yrs
  • Bruce Borenstein

    Chief Advisor of Consumer Electronics & Member of Advisory Board

    • Tenure: 1.7yrs
  • Jean-Marie Rudd

    CFO & Joint Company Secretary

    • Tenure: 3.3yrs
    • Compensation: AU$220.12k
  • Sven Nordholm

    Chief Scientist

    • Tenure: 0yrs
  • David Cannington

    Co-Founder

    • Tenure: 3.8yrs
    • Compensation: AU$332.14k
  • Justin Miller

    Co-Founder

    • Tenure: 0yrs
    • Compensation: AU$438.00k
  • Alan Davis

    Chief Product Officer

    • Tenure: 0yrs
  • Philip Newton

    Chief Sales Officer

    • Tenure: 1.3yrs
  • Kevin Fynn

    Chief Technologist

    • Tenure: 0yrs
  • Michelle Hallé

    Chief Operations Officer

    • Tenure: 0.8yrs

Board Members

  • Bruce Borenstein

    Chief Advisor of Consumer Electronics & Member of Advisory Board

    • Tenure: 1.7yrs
  • David Buckingham

    Independent Non-Executive Director

    • Tenure: 0.08yrs
  • David Cannington

    Co-Founder

    • Tenure: 3.8yrs
    • Compensation: AU$332.14k
  • Justin Miller

    Co-Founder

    • Tenure: 0yrs
    • Compensation: AU$438.00k
  • Kathryn Foster

    Independent Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: AU$104.03k
  • Joel Beilin

    Chief Advisor of Audiology & Member of Advisory Board

    • Tenure: 1.7yrs
  • Brian Hall

    Member of the Advisory Board

    • Tenure: 1.2yrs

Company Information

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


Key Information

  • Name: Nuheara Limited
  • Ticker: NUH
  • Exchange: ASX
  • Founded:
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: AU$37.177m
  • Shares outstanding: 1.06b
  • Website: https://www.nuheara.com

Location

  • Nuheara Limited
  • 190 Aberdeen Street
  • Northbridge
  • Perth
  • Western Australia
  • 6003
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NUHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2016
NUHCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2016
NUHR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2016

Biography

Nuheara Limited, an audio wearables company, provides hearing devices worldwide. The company offers IQstreamTV for use with IQbuds BOOST that provides user to balance volume of TV sound; IQbuds BOOST with  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 10:34
End of Day Share Price2019/12/09 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.