Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector organizations. More Details
Flawless balance sheet with reasonable growth potential.
Share Price & News
How has Absolute Software's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ABST is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ABST's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ABST underperformed the Canadian Software industry which returned 45.5% over the past year.
Return vs Market: ABST underperformed the Canadian Market which returned 33.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Absolute Software's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShareholders Of Absolute Software (TSE:ABST) Must Be Happy With Their 201% Total Return
3 weeks ago | Simply Wall StCalculating The Intrinsic Value Of Absolute Software Corporation (TSE:ABST)
1 month ago | Simply Wall StAbsolute Software (TSE:ABST) Has Affirmed Its Dividend Of US$0.08
Is Absolute Software undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ABST (CA$17.61) is trading above our estimate of fair value (CA$16.81)
Significantly Below Fair Value: ABST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ABST is poor value based on its PE Ratio (72.3x) compared to the Canadian Software industry average (38.9x).
PE vs Market: ABST is poor value based on its PE Ratio (72.3x) compared to the Canadian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: ABST is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: ABST is overvalued based on its PB Ratio (26.3x) compared to the CA Software industry average (7.1x).
How is Absolute Software forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABST's forecast earnings growth (21.4% per year) is above the savings rate (1.5%).
Earnings vs Market: ABST's earnings (21.4% per year) are forecast to grow faster than the Canadian market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ABST's revenue (12% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: ABST's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ABST's Return on Equity is forecast to be high in 3 years time
How has Absolute Software performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABST has high quality earnings.
Growing Profit Margin: ABST's current net profit margins (7.7%) are lower than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: ABST's earnings have grown significantly by 27% per year over the past 5 years.
Accelerating Growth: ABST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABST had negative earnings growth (-14.4%) over the past year, making it difficult to compare to the Software industry average (33.7%).
Return on Equity
High ROE: ABST's Return on Equity (33.7%) is considered high.
How is Absolute Software's financial position?
Financial Position Analysis
Short Term Liabilities: ABST's short term assets ($171.2M) exceed its short term liabilities ($114.8M).
Long Term Liabilities: ABST's short term assets ($171.2M) exceed its long term liabilities ($77.0M).
Debt to Equity History and Analysis
Debt Level: ABST is debt free.
Reducing Debt: ABST has not had any debt for past 5 years.
Debt Coverage: ABST has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ABST has no debt, therefore coverage of interest payments is not a concern.
What is Absolute Software current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABST's dividend (1.8%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).
High Dividend: ABST's dividend (1.8%) is low compared to the top 25% of dividend payers in the Canadian market (4.54%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ABST has been paying a dividend for less than 10 years.
Growing Dividend: ABST's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (131.5%), ABST's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christy Wyatt (48 yo)
Ms. Christy Wyatt serves as Chief Executive Officer of Absolute Software Corporation and Absolute Software, Inc. since November 26, 2018. Ms. Wyatt has been the President of Absolute Software Corporation s...
CEO Compensation Analysis
Compensation vs Market: Christy's total compensation ($USD1.31M) is about average for companies of similar size in the Canadian market ($USD1.17M).
Compensation vs Earnings: Christy's compensation has been consistent with company performance over the past year.
Experienced Management: ABST's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: ABST's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.5%.
Absolute Software Corporation's company bio, employee growth, exchange listings and data sources
- Name: Absolute Software Corporation
- Ticker: ABST
- Exchange: TSX
- Founded: 1993
- Industry: Systems Software
- Sector: Software
- Market Cap: CA$870.808m
- Shares outstanding: 49.45m
- Website: https://www.absolute.com
Number of Employees
- Absolute Software Corporation
- Four Bentall Centre
- Suite 1400
- British Columbia
- V7X 1K8
Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterpris...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/20 23:41|
|End of Day Share Price||2021/06/18 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.