ASX:FRX

Stock Analysis Report

Executive Summary

Flexiroam Limited, a mobile virtual network operator, provides affordable voice and data roaming service to international travelers worldwide.


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

FRXIndustryMarket
7 Day0%-1.8%0.3%
30 Day9.1%-13.0%-27.8%
90 Dayn/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 Yearn/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

Valuation

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

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

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

NamePositionTenureCompensationOwnership
Kenn Ong
Founder5.25yrsAU$164.76k20.12% A$1.5m
Tat Seng Koh
Non-Executive Director1.5yrsAU$20.91kno data
Tuck Choy
Independent Non-Executive Director0.83yrno datano data
Thian Ong
Non-Executive Director0.42yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2015
FRXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 10:48
End of Day Share Price2020/03/06 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.