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NIR

Noble Iron TSXV:NIR Stock Report

Last Price

CA$0.96

Market Cap

CA$26.2m

7D

0%

1Y

31.5%

Updated

26 Jun, 2022

Data

Company Financials
NIR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

NIR Stock Overview

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.

Noble Iron Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Noble Iron
Historical stock prices
Current Share PriceCA$0.96
52 Week HighCA$1.15
52 Week LowCA$0.60
Beta1.7
1 Month Change6.67%
3 Month Change6.67%
1 Year Change31.51%
3 Year Changen/a
5 Year Change220.00%
Change since IPO-92.32%

Recent News & Updates

Shareholder Returns

NIRCA SoftwareCA Market
7D0%7.5%0.3%
1Y31.5%-24.6%-4.0%

Return vs Industry: NIR exceeded the Canadian Software industry which returned -24.6% over the past year.

Return vs Market: NIR exceeded the Canadian Market which returned -4% over the past year.

Price Volatility

Is NIR's price volatile compared to industry and market?
NIR volatility
NIR Average Weekly Movementn/a
Software Industry Average Movement12.8%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

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.

About the Company

FoundedEmployeesCEOWebsite
2008n/aNabil Kassamhttps://www.nobleiron.com

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. The company offers cloud or client-based software applications to manage the equipment ownership lifecycle, including equipment purchasing; rental and sales transactions; inventory management, location, utilization, maintenance, and depreciation tracking; used equipment sales and disposals analysis; and inventory replenishment analysis. It provides FleetLogic, a mobile field service and logistics management platform; SRM (Systematic Rental Management), a management software for scaling rental businesses; and RentalLogic, a cloud-based software application designed to enhance productivity for rental businesses.

Noble Iron Fundamentals Summary

How do Noble Iron's earnings and revenue compare to its market cap?
NIR fundamental statistics
Market CapCA$26.18m
Earnings (TTM)CA$277.27k
Revenue (TTM)CA$6.94m

94.5x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIR income statement (TTM)
RevenueCA$6.94m
Cost of RevenueCA$560.02k
Gross ProfitCA$6.38m
Other ExpensesCA$6.10m
EarningsCA$277.27k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.01
Gross Margin91.93%
Net Profit Margin4.00%
Debt/Equity Ratio0.0%

How did NIR perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NIR 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/Revenue3x
Enterprise Value/EBITDA60x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NIR's PE Ratio compare to its peers?

NIR PE Ratio vs Peers
The above table shows the PE ratio for NIR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average92.9x

Price-To-Earnings vs Peers: NIR is expensive based on its Price-To-Earnings Ratio (94.5x) compared to the peer average (92.9x).


Price to Earnings Ratio vs Industry

How does NIR's PE Ratio compare vs other companies in the Canadian Software Industry?

Price-To-Earnings vs Industry: NIR is expensive based on its Price-To-Earnings Ratio (94.5x) compared to the Canadian Software industry average (52.7x)


Price to Earnings Ratio vs Fair Ratio

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

NIR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio94.5x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: NIR (CA$0.96) is trading above our estimate of fair value (CA$0.32)

Significantly Below Fair Value: NIR is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NIR's PEG Ratio to determine if it is good value.


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Future Growth

How is Noble Iron 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


29.7%

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.


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  • Examine Noble Iron'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.
  • Noble Iron competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Noble Iron performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NIR has high quality earnings.

Growing Profit Margin: NIR's current net profit margins (4%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: NIR has become profitable over the past 5 years, growing earnings by 39.1% per year.

Accelerating Growth: NIR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NIR had negative earnings growth (-19%) over the past year, making it difficult to compare to the Software industry average (7.6%).


Return on Equity

High ROE: NIR's Return on Equity (5.4%) is considered low.


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Financial Health

How is Noble Iron'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: NIR's short term assets (CA$6.1M) exceed its short term liabilities (CA$1.1M).

Long Term Liabilities: NIR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NIR is debt free.

Reducing Debt: NIR currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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

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


Balance Sheet


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Dividend

What is Noble Iron 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

  • Future Dividend Coverage

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.


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 NIR has not reported any payouts.


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Management

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

5.7yrs

Average management tenure


CEO

Nabil Kassam

8.42yrs

Tenure

CA$368,140

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 ($USD285.00K) is above average for companies of similar size in the Canadian market ($USD175.18K).

Compensation vs Earnings: Nabil's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NIR's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: NIR's board of directors are seasoned and experienced ( 10.3 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 employee growth, exchange listings and data sources


Key Information

  • Name: Noble Iron Inc.
  • Ticker: NIR
  • Exchange: TSXV
  • Founded: 2008
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: CA$26.177m
  • Shares outstanding: 27.27m
  • Website: https://www.nobleiron.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/05/31 00:00
Earnings2022/03/31
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.