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ADCO

Adcore TSX:ADCO Stock Report

Last Price

CA$0.30

Market Cap

CA$18.4m

7D

-7.7%

1Y

-72.2%

Updated

26 Sep, 2022

Data

Company Financials
ADCO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ADCO Stock Overview

Adcore Inc. operates as an e-commerce advertising management and automation platform in the Asia-Pacific, Europe, the Middle East, Africa, and North America.

Adcore Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Adcore
Historical stock prices
Current Share PriceCA$0.30
52 Week HighCA$1.13
52 Week LowCA$0.17
Beta2.93
1 Month Change-1.64%
3 Month Change66.67%
1 Year Change-72.22%
3 Year Change-40.00%
5 Year Changen/a
Change since IPO-48.28%

Recent News & Updates

Shareholder Returns

ADCOCA SoftwareCA Market
7D-7.7%-3.5%-6.4%
1Y-72.2%-42.3%-8.4%

Return vs Industry: ADCO underperformed the Canadian Software industry which returned -43.5% over the past year.

Return vs Market: ADCO underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is ADCO's price volatile compared to industry and market?
ADCO volatility
ADCO Average Weekly Movement10.5%
Software Industry Average Movement11.6%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: ADCO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: ADCO's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200538Omri Brillhttps://www.adcore.com

Adcore Inc. operates as an e-commerce advertising management and automation platform in the Asia-Pacific, Europe, the Middle East, Africa, and North America. The company offers smart algorithm powered automation tools for digital advertisers to enhance return on advertising investments, and scale their digital campaigns. Its product portfolio includes Feeditor that offers online shopping automation capabilities to advertisers; Views, a search engine marketing (SEM) solution used for campaign creation, intelligent bid management, SEM optimization, and reports; SEMDOC, an account auditing tool, which measures and analyzes 52 metrics; Effortless Marketing, a marketing solution for campaign creation and performance tracking; and Amphy, a 24/7 live online learning marketplace.

Adcore Fundamentals Summary

How do Adcore's earnings and revenue compare to its market cap?
ADCO fundamental statistics
Market CapCA$18.39m
Earnings (TTM)-CA$1.48m
Revenue (TTM)CA$31.83m

0.6x

P/S Ratio

-12.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADCO income statement (TTM)
RevenueUS$23.23m
Cost of RevenueUS$15.74m
Gross ProfitUS$7.49m
Other ExpensesUS$8.57m
Earnings-US$1.08m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin32.25%
Net Profit Margin-4.65%
Debt/Equity Ratio0%

How did ADCO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ADCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADCO?

Other financial metrics that can be useful for relative valuation.

ADCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA-108.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ADCO's PS Ratio compare to its peers?

ADCO PS Ratio vs Peers
The above table shows the PS ratio for ADCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.3x
ONE 01 Communique Laboratory
15.7xn/aCA$14.8m
ZOMD Zoomd Technologies
0.3xn/aCA$25.6m
BEW BeWhere Holdings
1.9xn/aCA$18.1m
CTZ NamSys
3.4xn/aCA$17.2m
ADCO Adcore
0.6xn/aCA$18.4m

Price-To-Sales vs Peers: ADCO is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

How does ADCO's PE Ratio compare vs other companies in the CA Software Industry?

Price-To-Sales vs Industry: ADCO is good value based on its Price-To-Sales Ratio (0.6x) compared to the Canadian Software industry average (3.5x)


Price to Sales Ratio vs Fair Ratio

What is ADCO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADCO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ADCO's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ADCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ADCO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ADCO's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Adcore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.0%

Forecasted Software 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 Adcore 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.


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  • Examine Adcore's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Adcore competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Adcore performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-60.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADCO is currently unprofitable.

Growing Profit Margin: ADCO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADCO is unprofitable, and losses have increased over the past 5 years at a rate of 60.7% per year.

Accelerating Growth: Unable to compare ADCO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ADCO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.8%).


Return on Equity

High ROE: ADCO has a negative Return on Equity (-10.32%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Adcore's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ADCO's short term assets ($10.5M) exceed its short term liabilities ($2.6M).

Long Term Liabilities: ADCO's short term assets ($10.5M) exceed its long term liabilities ($368.0K).


Debt to Equity History and Analysis

Debt Level: ADCO is debt free.

Reducing Debt: ADCO had no debt 5 years ago.

Debt Coverage: ADCO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ADCO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Adcore current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Adcore Dividend Yield vs Market
How does Adcore dividend yield compare to the market?
SegmentDividend Yield
Company (Adcore)n/a
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Software)0.4%
Analyst forecast in 3 Years (Adcore)n/a

Notable Dividend: Unable to evaluate ADCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADCO'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 ADCO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADCO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ADCO has not reported any payouts.


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Management

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

2.2yrs

Average management tenure


CEO

Omri Brill (48 yo)

16.17yrs

Tenure

US$631,985

Compensation

Mr. Omri Brill is founded Adcore Inc. in July 2006. He has been Chief Executive Officer at ADCORE Inc. since July 2006. Mr. Brill serves as President and Chairman at ADCORE Inc. and has been its Director s...


CEO Compensation Analysis

Omri Brill's Compensation vs Adcore Earnings
How has Omri Brill's remuneration changed compared to Adcore's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$1m

Mar 31 2022n/an/a

-US$679k

Dec 31 2021US$632kUS$342k

-US$277k

Sep 30 2021n/an/a

-US$1m

Jun 30 2021n/an/a

-US$541k

Mar 31 2021n/an/a

US$157k

Dec 31 2020US$384kUS$291k

US$648k

Sep 30 2020n/an/a

US$2m

Jun 30 2020n/an/a

US$2m

Mar 31 2020n/an/a

US$846k

Dec 31 2019US$384kUS$231k

US$1m

Sep 30 2019n/an/a

US$1m

Jun 30 2019n/an/a

US$983k

Mar 31 2019n/an/a

US$2m

Dec 31 2018US$58kUS$58k

US$2m

Compensation vs Market: Omri's total compensation ($USD631.99K) is above average for companies of similar size in the Canadian market ($USD179.12K).

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


Leadership Team

Experienced Management: ADCO's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: ADCO's board of directors are not considered experienced ( 2.5 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: ADCO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSX:ADCO Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
11 Jul 22BuyCA$5,000Yatir SadotIndividual25,000CA$0.20
24 Jun 22BuyCA$3,881Omri BrillIndividual19,900CA$0.20
05 Apr 22BuyCA$3,798Omri BrillIndividual8,833CA$0.43
21 Mar 22BuyCA$3,901Omri BrillIndividual8,300CA$0.47
17 Mar 22BuyCA$3,929Omri BrillIndividual8,680CA$0.45
01 Dec 21BuyCA$4,060Omri BrillIndividual6,548CA$0.62
18 Nov 21BuyCA$8,398Omri BrillIndividual12,550CA$0.67
16 Nov 21BuyCA$5,285Omri BrillIndividual7,340CA$0.72
26 Oct 21BuyCA$4,961Omri BrillIndividual5,637CA$0.88
07 Oct 21BuyCA$11,868Omri BrillIndividual12,970CA$0.94
07 Oct 21BuyCA$22,250Oded OrgilIndividual25,000CA$0.89
06 Oct 21BuyCA$10,157Omri BrillIndividual11,040CA$0.92
29 Sep 21BuyCA$5,164Omri BrillIndividual5,000CA$1.03

Ownership Breakdown

What is the ownership structure of ADCO?
Owner TypeNumber of SharesOwnership Percentage
Private Companies123,4200.2%
General Public19,796,46932.3%
Individual Insiders41,375,56067.5%

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


Top Shareholders

Top 9 shareholders own 67.7% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
66.81%
Omri Brill
40,953,952$12.3m0%no data
0.21%
Roy Nevo
128,333$38.5k0%no data
0.2%
I.B.I Trust Management Ltd.
123,420$37.0k193.86%no data
0.14%
Yatir Sadot
88,000$26.4k39.68%no data
0.12%
Ronnie Jaegermann
74,000$22.2k0%no data
0.1%
Vadim Malkin
63,275$19.0k0%no data
0.064%
Barak Frank
39,000$11.7k0%no data
0.041%
Oded Orgil
25,000$7.5k0%no data
0.0065%
Martijn Van den Bemd
4,000$1.2k0%no data

Company Information

Adcore Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Adcore Inc.
  • Ticker: ADCO
  • Exchange: TSX
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: CA$18.389m
  • Shares outstanding: 61.30m
  • Website: https://www.adcore.com

Number of Employees


Location

  • Adcore Inc.
  • 105 Allenby Street
  • 6-7th Floor
  • Tel Aviv
  • 6513445
  • Israel


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADCOTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 2019
ADCO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2019
ADQDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.