Assure Holdings Corp., together with its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries to physicians. More Details
High growth potential and fair value.
Share Price & News
How has Assure Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IOM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: IOM's weekly volatility (12%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: IOM exceeded the Canadian Healthcare industry which returned 32.5% over the past year.
Return vs Market: IOM exceeded the Canadian Market which returned 39.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Assure Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHere's Why Assure Holdings (CVE:IOM) Can Afford Some Debt
2 months ago | Simply Wall StThis Insider Has Just Sold Shares In Assure Holdings Corp. (CVE:IOM)
2 months ago | Simply Wall StHave Insiders Been Buying Assure Holdings Corp. (CVE:IOM) Shares?
Is Assure Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IOM (CA$1.58) is trading below our estimate of fair value (CA$31.19)
Significantly Below Fair Value: IOM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IOM is unprofitable, so we can't compare its PE Ratio to the Canadian Healthcare industry average.
PE vs Market: IOM is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IOM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IOM is good value based on its PB Ratio (3.9x) compared to the CA Healthcare industry average (4.2x).
How is Assure Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IOM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: IOM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IOM's is expected to become profitable in the next 3 years.
Revenue vs Market: IOM's revenue (91.7% per year) is forecast to grow faster than the Canadian market (6.4% per year).
High Growth Revenue: IOM's revenue (91.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IOM's Return on Equity is forecast to be high in 3 years time
How has Assure Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IOM is currently unprofitable.
Growing Profit Margin: IOM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IOM is unprofitable, and losses have increased over the past 5 years at a rate of 66.9% per year.
Accelerating Growth: Unable to compare IOM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IOM is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (34.1%).
Return on Equity
High ROE: IOM has a negative Return on Equity (-84.13%), as it is currently unprofitable.
How is Assure Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: IOM's short term assets ($25.8M) exceed its short term liabilities ($7.7M).
Long Term Liabilities: IOM's short term assets ($25.8M) exceed its long term liabilities ($7.6M).
Debt to Equity History and Analysis
Debt Level: IOM's debt to equity ratio (43%) is considered high.
Reducing Debt: IOM's debt to equity ratio has increased from 6.5% to 43% over the past 5 years.
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: Insufficient data to determine if IOM has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if IOM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Assure Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IOM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IOM'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 IOM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IOM'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 IOM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Farlinger (61 yo)
Mr. John Allen Farlinger, CA, serves as a Director at Lite Access Technologies Inc. since April 2021. He has been Executive Chairman of Assure Holdings Corp. since May 15, 2018 and its Chief Executive Offi...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD870.67K) is above average for companies of similar size in the Canadian market ($USD157.14K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
Experienced Management: IOM's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: IOM's board of directors are not considered experienced ( 2.7 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: IOM insiders have only sold shares 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 68%.
Assure Holdings Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Assure Holdings Corp.
- Ticker: IOM
- Exchange: TSXV
- Founded: NaN
- Industry: Health Care Services
- Sector: Healthcare
- Market Cap: CA$92.366m
- Shares outstanding: 58.46m
- Website: https://www.assureneuromonitoring.com
Number of Employees
- Assure Holdings Corp.
- 4600 South Ulster Street
- Suite 1225
- United States
Assure Holdings Corp., together with its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries to phy...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/16 23:05|
|End of Day Share Price||2021/05/14 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.