Executive Summary
Flexiroam Limited, a mobile virtual network operator, provides affordable voice and data roaming service to international travelers worldwide.
Risk Analysis
+ 3 more risks
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
Share Price & News
How has Flexiroam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
FRX
-1.8%
AU Telecom
0.3%
AU Market
1 Year Return
-52.0%
FRX
-10.7%
AU Telecom
-22.9%
AU Market
Return vs Industry: FRX underperformed the Australian Telecom industry which returned -10.6% over the past year.
Return vs Market: FRX underperformed the Australian Market which returned -22.8% over the past year.
Shareholder returns
| FRX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.8% | 0.3% |
| 30 Day | 9.1% | -13.0% | -27.8% |
| 90 Day | n/a | -15.9% | -30.0% |
| 1 Year | -46.0%-52.0% | -7.5%-10.7% | -19.4%-22.9% |
| 3 Year | -73.0%-76.0% | -22.0%-32.9% | -8.3%-20.8% |
| 5 Year | n/a | -34.9%-49.6% | 2.9%-20.3% |
Price Volatility Vs. Market
How volatile is Flexiroam's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Many Flexiroam Limited (ASX:FRX) Shares Did Insiders Buy, In The Last Year?2 months ago | Simply Wall St
Will Flexiroam (ASX:FRX) Spend Its Cash Wisely?3 months ago | Simply Wall St
If You Had Bought Flexiroam (ASX:FRX) Stock Three Years Ago, You'd Be Sitting On A 75% Loss, TodayValuation
Is Flexiroam undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Flexiroam is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Flexiroam 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.
Next Steps
- Take a look at our analysis of FRX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Flexiroam regulatory filings.
- Explore potentially undervalued companies in the Telecom industry.
Future Growth
How is Flexiroam forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.009%
Forecasted Telecom 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 Flexiroam 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
- Take a look at our analysis of FRX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Flexiroam competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Telecom industry.
Past Performance
How has Flexiroam performed over the past 5 years?
-9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRX is currently unprofitable.
Growing Profit Margin: FRX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FRX is unprofitable, and losses have increased over the past 5 years at a rate of -9.1% per year.
Accelerating Growth: Unable to compare FRX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FRX is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-8.9%).
Return on Equity
High ROE: FRX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Flexiroam's financial position?
Financial Position Analysis
Short Term Liabilities: FRX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FRX 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: FRX is debt free.
Reducing Debt: FRX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: FRX has a low level of unsold assets or inventory.
Debt Coverage by Assets: FRX has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: FRX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FRX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.6% each year
Next Steps
Dividend
What is Flexiroam's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FRX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FRX'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 FRX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FRX'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 FRX'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?
1.2yrs
Average board tenure
CEO
Jefrey (Jef) Ong (37yo)
5.25s
Tenure
AU$164,763
Compensation
Mr. Kenn Tat Ong, also known as Jefrey (Jef), is the Founder of Flexiroam Limited and has also been its Chief Executive Officer since December 16, 2014. Mr. Ong serves as the Managing Director at Flexiroam ...
CEO Compensation Analysis
Compensation vs Market: Jefrey (Jef)'s total compensation ($USD101.06K) is below average for companies of similar size in the Australian market ($USD242.11K).
Compensation vs Earnings: Jefrey (Jef)'s compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 5.25yrs | AU$164.76k | 20.12% A$1.5m | |
| Non-Executive Director | 1.5yrs | AU$20.91k | no data | |
| Independent Non-Executive Director | 0.83yr | no data | no data | |
| Non-Executive Director | 0.42yr | no data | no data |
1.2yrs
Average Tenure
Experienced Board: FRX's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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 24%.
Top Shareholders
Company Information
Flexiroam Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Flexiroam Limited
- Ticker: FRX
- Exchange: ASX
- Founded: 2011
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: AU$7.325m
- Shares outstanding: 305.20m
- Website: https://www.flexiroam.com
Number of Employees
Location
- Flexiroam Limited
- 22-2, Jalan PJU 8/3A
- Bandar Damansara Perdana
- Petaling Jaya
- Selangor
- 47820
- Malaysia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FRX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2015 |
| FRX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jun 2015 |
Biography
Flexiroam Limited, a mobile virtual network operator, provides affordable voice and data roaming service to international travelers worldwide. Its principal products include Flexiroam X, an ultra-thin microchip that is attachable to user’s existing SIM card and allows users to access data roaming that connects to local networks of overseas whilst travelling; and Flexiroam X App, a mobile application that provides information, such as network coverage, as well as a user guide and connection status. The company was founded in 2011 and is based in Petaling Jaya, Malaysia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 10:48 |
| End of Day Share Price | 2020/03/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.