TSXV:NIR

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Executive Summary

Noble Iron Inc. develops, markets, and sells enterprise asset management software for the construction and industrial equipment industry under the Texada Software name in Canada, the United States, Australia, and New Zealand. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Noble Iron's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine NIR's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine NIR's volatility change over the past year.


Market Performance


7 Day Return

0%

NIR

6.2%

CA Software

0.7%

CA Market


1 Year Return

38.9%

NIR

46.9%

CA Software

2.1%

CA Market

Return vs Industry: NIR underperformed the Canadian Software industry which returned 46.9% over the past year.

Return vs Market: NIR exceeded the Canadian Market which returned 2.1% over the past year.


Shareholder returns

NIRIndustryMarket
7 Day0%6.2%0.7%
30 Day-16.7%8.9%4.6%
90 Dayn/a30.9%13.5%
1 Year38.9%38.9%47.5%46.9%5.8%2.1%
3 Year-29.6%-29.6%76.1%72.4%13.9%3.1%
5 Year138.1%138.1%182.3%173.3%67.3%41.6%

Long-Term Price Volatility Vs. Market

How volatile is Noble Iron's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Noble Iron undervalued compared to its fair value and its price relative to the market?

1.32x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NIR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NIR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NIR is unprofitable, so we can't compare its PE Ratio to the CA Software industry average.

PE vs Market: NIR 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 NIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NIR is good value based on its PB Ratio (1.3x) compared to the CA Software industry average (7.6x).


Next Steps

Future Growth

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

27.0%

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 Noble Iron 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 Noble Iron performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NIR is currently unprofitable.

Growing Profit Margin: NIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NIR is unprofitable, but has reduced losses over the past 5 years at a rate of 28.9% per year.

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

Earnings vs Industry: NIR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (31.8%).


Return on Equity

High ROE: NIR has a negative Return on Equity (-10.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Noble Iron's financial position?


Financial Position Analysis

Short Term Liabilities: NIR's short term assets (CA$6.4M) exceed its short term liabilities (CA$1.2M).

Long Term Liabilities: NIR's short term assets (CA$6.4M) exceed its long term liabilities (CA$505.5K).


Debt to Equity History and Analysis

Debt Level: NIR's debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: NIR's debt to equity ratio has reduced from 1687.8% to 4.6% over the past 5 years.


Balance Sheet


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: NIR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NIR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 8.8% each year


Next Steps

Dividend

What is Noble Iron current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NIR'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 NIR'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?

4.3yrs

Average management tenure


CEO

Nabil Kassam

7yrs

Tenure

CA$585,649

Compensation

Mr. Nabil Kassam is the Founder of Noble Iron Inc. and has been its Chief Executive Officer since January 1, 2014 and was its Interim Chief Financial Officer since July 5, 2016 until June 7, 2019. Mr. Kass...


CEO Compensation Analysis

Compensation vs Market: Nabil's total compensation ($USD464.01K) is above average for companies of similar size in the Canadian market ($USD153.85K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Nabil Kassam
Founder7yrsCA$585.65k37.55%
CA$ 2.6m
Mariam Chaudhry
Chief Financial Officer1.58yrsno datano data
Holly Cravey
Corporate Controller4.25yrsno datano data

4.3yrs

Average Tenure

Experienced Management: NIR's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nabil Kassam
Founder7yrsCA$585.65k37.55%
CA$ 2.6m
James McInnis
Independent Director16.58yrsCA$31.18k0.0098%
CA$ 666.7
Aly Mawji
Independent Director9.83yrsCA$27.79kno data
William Palmer
Independent Director9.17yrsCA$24.48k4.11%
CA$ 280.0k
Malcom Hunter
Independent Director8.58yrsCA$21.17k0.89%
CA$ 60.8k
Paul Strachman
Independent Director4.42yrsCA$21.17k0.39%
CA$ 26.6k
Mary Van Santvoort
Independent Director4.42yrsCA$21.17kno data

9.2yrs

Average Tenure

Experienced Board: NIR's board of directors are considered experienced (9.2 years average tenure).


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

Noble Iron Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Iron Inc.
  • Ticker: NIR
  • Exchange: TSXV
  • Founded: 2008
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$6.817m
  • Shares outstanding: 27.27m
  • Website: https://www.nobleiron.com

Location

  • Noble Iron Inc.
  • 90 Woodlawn Road West
  • Guelph
  • Ontario
  • N1H 1B2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIRTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2002
TXDS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2002

Biography

Noble Iron Inc. develops, markets, and sells enterprise asset management software for the construction and industrial equipment industry under the Texada Software name in Canada, the United States, Austral...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 23:31
End of Day Share Price2021/01/11 00:00
Earnings2020/09/30
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.