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Netcoins Holdings

MUN:A2N41F
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A2N41F
MUN
CA$15M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Netcoins Holdings Inc. develops and markets software to make mass consumers and investors purchase and sale of cryptocurrency through brokerage services. The last earnings update was 93 days ago. More info.


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A2N41F Share Price and Events
7 Day Returns
0%
MUN:A2N41F
2.4%
DE Software
1.9%
DE Market
1 Year Returns
-
MUN:A2N41F
-6%
DE Software
-10%
DE Market
A2N41F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Netcoins Holdings (A2N41F) 0% 0% - - - -
DE Software 2.4% -2.9% -14.2% -6% 25.4% 77.1%
DE Market 1.9% 2% -8.7% -10% 14.5% 45%
1 Year Return vs Industry and Market
  • No trading data on A2N41F.
  • No trading data on A2N41F.
Price Volatility
Industry
5yr Volatility vs Market

A2N41F Value

 Is Netcoins Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Netcoins Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Netcoins Holdings.

MUN:A2N41F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MUN:A2N41F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Software Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 26.5%) (0%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.959 * 9.46%)
9.61%

Discounted Cash Flow Calculation for MUN:A2N41F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Netcoins Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

MUN:A2N41F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 0.20 0.23 0.28 0.32 0.37
Source Est @ 20%, capped from 106.17% Est @ 19%, capped from 106.17% Est @ 18%, capped from 106.17% Est @ 17%, capped from 106.17% Est @ 16%, capped from 106.17%
Present Value
Discounted (@ 9.61%)
0.18 0.19 0.21 0.22 0.24
Present value of next 5 years cash flows CA$1.04
MUN:A2N41F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$0.37 × (1 + 0.54%) ÷ (9.61% – 0.54%)
CA$4.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$4.14 ÷ (1 + 9.61%)5
CA$2.61
MUN:A2N41F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$1.04 + CA$2.61
CA$3.66
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3.66 / 117.89
CA$0.02
MUN:A2N41F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:A2N41F represents 0.55556x of CNSX:NETC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55556x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.03 x 0.55556
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €0.08
= -1 x (€0.08 - €0.02) / €0.02
-335.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Netcoins Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Netcoins Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Netcoins Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:A2N41F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CAD CA$-0.17
CNSX:NETC Share Price ** CNSX (2018-08-31) in CAD CA$0.14
Germany Software Industry PE Ratio Median Figure of 23 Publicly-Listed Software Companies 32.95x
Germany Market PE Ratio Median Figure of 412 Publicly-Listed Companies 17.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Netcoins Holdings.

MUN:A2N41F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:NETC Share Price ÷ EPS (both in CAD)

= 0.14 ÷ -0.17

-0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Netcoins Holdings is loss making, we can't compare its value to the DE Software industry average.
  • Netcoins Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Netcoins Holdings's expected growth come at a high price?
Raw Data
MUN:A2N41F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Software Industry PEG Ratio Median Figure of 17 Publicly-Listed Software Companies 1.48x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Netcoins Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Netcoins Holdings's assets?
Raw Data
MUN:A2N41F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CAD CA$0.05
CNSX:NETC Share Price * CNSX (2018-08-31) in CAD CA$0.14
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 2.86x
Germany Market PB Ratio Median Figure of 555 Publicly-Listed Companies 1.84x
MUN:A2N41F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:NETC Share Price ÷ Book Value per Share (both in CAD)

= 0.14 ÷ 0.05

2.52x

* Primary Listing of Netcoins Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Netcoins Holdings is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess Netcoins Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Netcoins Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

A2N41F Future Performance

 How is Netcoins Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Netcoins Holdings 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Netcoins Holdings expected to grow at an attractive rate?
  • Unable to compare Netcoins Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Netcoins Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Netcoins Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:A2N41F Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:A2N41F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:A2N41F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-06-30 21 -2 -20
2018-03-31 19 -0 -18
2017-12-31 14 0 -0
2016-12-31 0 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Netcoins Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Netcoins Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:A2N41F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Netcoins Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:A2N41F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-06-30 -0.17
2018-03-31 -0.15
2017-12-31 -0.00
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Netcoins Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Netcoins Holdings'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.
  2. Netcoins Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Netcoins Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Netcoins Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Netcoins Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

A2N41F Past Performance

  How has Netcoins Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Netcoins Holdings's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Netcoins Holdings does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Netcoins Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Netcoins Holdings's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Netcoins Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Netcoins Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:A2N41F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 21.50 -19.81 4.68
2018-03-31 19.22 -17.80 2.71
2017-12-31 14.15 -0.09 0.64
2016-12-31 0.12 -0.00 0.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Netcoins Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Netcoins Holdings has efficiently used its assets last year compared to the DE Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Netcoins Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Netcoins Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Netcoins Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

A2N41F Health

 How is Netcoins Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Netcoins Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Netcoins Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Netcoins Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Netcoins Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Netcoins Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Netcoins Holdings Company Filings, last reported 4 months ago.

MUN:A2N41F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 6.25 0.00 5.74
2018-03-31 7.26 0.00 6.94
2017-12-31 -0.08 0.63 0.76
2016-12-31 -0.02 0.05 0.03
  • Netcoins Holdings has no debt.
  • Netcoins Holdings currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Whilst loss making Netcoins Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Netcoins Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Netcoins Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Netcoins Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

A2N41F Dividends

 What is Netcoins Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Netcoins Holdings dividends.
If you bought €2,000 of Netcoins Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Netcoins Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Netcoins Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:A2N41F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Netcoins Holdings has not reported any payouts.
  • Unable to verify if Netcoins Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Netcoins Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Netcoins Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Netcoins Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Netcoins Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Netcoins Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

A2N41F Management

 What is the CEO of Netcoins Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Binns
CEO Bio

Mr. Mark Binns serves as CEO and Director of GAR Limited. Mr. Binns served as Director of Marketing at Mobio Technologies Inc. until July 31, 2014. Mr. Binns served as Managing Director at LX Ventures Inc. He served as Vice President of Marketing at the firm. In his role at LXV, Mr. Binns was responsible for adopting, creating, and sharing world class marketing practices, processes and talent across all LXV companies to ensure growth and success in their respective markets. He is a serial entrepreneur in the marketing and technology space with two successful exits and a deep consulting background. Prior to joining LXV, Mr. Binns served as Chief Marketing Officer of Mobio Identity Systems, Inc. Mr. Binns has over 14 years of experience building customer-driven marketing strategies and customer experience programs to Mobio. He founded, built, and sold two consulting companies that provided strategic advice on customer acquisition and revenue growth to Fortune 1000 technology companies including RIM, Telus, Cisco, and Rogers. As a member of the leadership team at Mobio, he is responsible for the development and execution of the strategic marketing plan. He has led his companies to PROFIT HOT 50 and PROFIT HOT 100 awards, and was nominated by Dean Carol Stephenson of the Richard Ivey School of Business for the prestigious business award of Canada's “Top 40 Under 40“. He is a Dean's Honors graduate of the Ivey M.B.A. program and Scholar Graduate of the Computer Science Honors program at Acadia University.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Mark Binns

TITLE
CEO & Director

Kevin Ma

TITLE
Chief Financial Officer and Company Secretary
AGE
39

Dave Kennett

TITLE
Vice President of Sales
TENURE
0.7 yrs

Michael Vogel

TITLE
Director and Vice-President of Technology
Board of Directors

Mark Binns

TITLE
CEO & Director

Michael Vogel

TITLE
Director and Vice-President of Technology

Des Balakrishnan

TITLE
Director
AGE
47

Mark Healy

TITLE
Director
Who owns this company?
Recent Insider Trading
  • Netcoins Holdings insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Nov 18 Sell Michael Vogel Individual 13. Nov 18 13. Nov 18 -175,000 €0.12 €-21,102
09. Nov 18 Sell Mark Binns Individual 08. Nov 18 08. Nov 18 -300,000 €0.13 €-40,064
01. Nov 18 Sell Kevin Ma Individual 31. Oct 18 31. Oct 18 -175,000 €0.09 €-16,464
04. Oct 18 Buy Mark Binns Individual 04. Oct 18 04. Oct 18 50,000 €0.14 €6,454
14. Jul 18 Buy Mark Binns Individual 13. Jul 18 13. Jul 18 20,000 €0.05 €911
25. Jul 18 Buy Mark Binns Individual 25. Jul 18 25. Jul 18 10,000 €0.09 €947
17. Jul 18 Buy Mark Binns Individual 17. Jul 18 17. Jul 18 33,000 €0.06 €1,820
26. Jun 18 Buy Mark Binns Individual 26. Jun 18 26. Jun 18 20,000 €0.06 €1,289
X
Management checks
We assess Netcoins Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Netcoins Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

A2N41F News

External News
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Simply Wall St News

A2N41F Company Info

Map
Description

Netcoins Holdings Inc. develops and markets software to make mass consumers and investors purchase and sale of cryptocurrency through brokerage services. It enables crypto transactions through approximately 171,000 retail locations worldwide; and an over-the-counter trading desk. The company was formerly known as GAR Limited and changed its name to Netcoins Holdings Inc. in August 2018. Netcoins Holdings Inc. is headquartered in Coquitlam, Canada.

Details
Name: Netcoins Holdings Inc.
A2N41F
Exchange: MUN
Founded:
CA$10,214,731
117,894,228
Website: http://www.gonetcoins.com
Address: Netcoins Holdings Inc.
3007 Glen Drive,
Suite 301,
Coquitlam,
British Columbia, V3B 0L8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX NETC Common Shares Canadian National Stock Exchange CA CAD 09. Mar 2018
DB 1WJ Common Shares Deutsche Boerse AG DE EUR 09. Mar 2018
MUN A2N41F Common Shares Boerse Muenchen DE EUR 09. Mar 2018
Number of employees
Current staff
Staff numbers
1
Netcoins Holdings employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/28 20:09
End of day share price update: 2018/08/31 00:00
Last earnings filing: 2018/08/27
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.