TSXV:IOM

Stock Analysis Report

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Executive Summary

Assure Holdings Corp., together with its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. More Details


Snowflake Analysis

Exceptional growth potential with weak fundamentals.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.3%

IOM

-3.2%

CA Healthcare

-8.1%

CA Market


1 Year Return

-45.9%

IOM

-9.5%

CA Healthcare

-60.7%

CA Market

Return vs Industry: IOM underperformed the Canadian Healthcare industry which returned -9.5% over the past year.

Return vs Market: IOM exceeded the Canadian Market which returned -60.7% over the past year.


Shareholder returns

IOMIndustryMarket
7 Day5.3%-3.2%-8.1%
30 Day-6.5%2.8%-6.7%
90 Day3.1%15.1%-26.5%
1 Year-45.9%-45.9%-5.2%-9.5%-59.0%-60.7%
3 Year-69.7%-69.7%-3.3%-17.0%-60.3%-64.4%
5 Yearn/a-14.9%-33.2%-51.7%-59.4%

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

Valuation

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


In this section, we usually try to help investors determine whether Assure Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Assure Holdings 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 Assure Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

103.2%

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 (1.7%).

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 (91.1% per year) is forecast to grow faster than the Canadian market (7.3% per year).

High Growth Revenue: IOM's revenue (91.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IOM's Return on Equity is forecast to be very high in 3 years time (60.8%).


Next Steps

Past Performance

How has Assure Holdings performed over the past 5 years?

-34.2%

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 34.2% 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 (17.2%).


Return on Equity

High ROE: IOM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Assure Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: IOM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: IOM 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: IOM has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: IOM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: IOM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if IOM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

John Farlinger (61 yo)

2.42yrs

Tenure

US$329,831

Compensation

Mr. John Allen Farlinger, CA, has been Executive Chairman of Assure Holdings Corp. since May 15, 2018 and has been its Chief Executive Officer since August 28, 2019. Mr. Farlinger served as Interim Chief E ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD174.80K).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Farlinger
Executive Chairman & CEO2.42yrsUS$329.83k0.44%
$ 155.0k
Preston Parsons
Founder & Director3.42yrsUS$338.38k49.81%
$ 17.4m
Trent Carman
Chief Financial Officer2yrsUS$223.23kno data
Scott Kozak
Director of Investor & Media Relations1yrUS$14.17kno data
Alex Rasmussen
Executive Vice President of Operations2.75yrsno data0.38%
$ 131.9k
Craig Caviness
Vice President of Corporate Developmentno datano datano data
Paul Webster
Vice President of Strategy1.75yrsno datano data

2.0yrs

Average Tenure

59yo

Average Age

Experienced Management: IOM's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Farlinger
Executive Chairman & CEO2.42yrsUS$329.83k0.44%
$ 155.0k
Preston Parsons
Founder & Director3.42yrsUS$338.38k49.81%
$ 17.4m
Martin Burian
Independent Director3.42yrsUS$23.77k0.22%
$ 78.0k
Christopher Rumana
Independent Director1.83yrsno data0.29%
$ 100.0k
Steven Summer
Independent Director1.08yrsno datano data

2.4yrs

Average Tenure

56yo

Average Age

Experienced Board: IOM's board of directors are not considered experienced ( 2.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Assure Holdings Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Assure Holdings Corp.
  • Ticker: IOM
  • Exchange: TSXV
  • Founded:
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: CA$34.971m
  • Shares outstanding: 34.97m
  • Website: https://www.assureneuromonitoring.com

Number of Employees


Location

  • Assure Holdings Corp.
  • 4600 South Ulster Street
  • Suite 1225
  • Denver
  • Colorado
  • 80237
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IOMTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2017
14GDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2017
ARHHOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2017

Biography

Assure Holdings Corp., together with its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. The c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 04:10
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.