BST:G7F2

Stock Analysis Report

Executive Summary

Track Group, Inc., together with its subsidiaries, designs, manufactures, and markets location tracking devices, and develops and sells various related software, services, accessories, networking solutions, and monitoring applications.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Track Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: G7F2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-17.3%

G7F2

4.2%

DE Electronic

7.3%

DE Market


1 Year Return

-13.9%

G7F2

-26.3%

DE Electronic

-17.7%

DE Market

Return vs Industry: G7F2 exceeded the German Electronic industry which returned -26.3% over the past year.

Return vs Market: G7F2 exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

G7F2IndustryMarket
7 Day-17.3%4.2%7.3%
30 Day-28.8%-20.8%-17.9%
90 Day-18.6%-24.0%-25.8%
1 Year-13.9%-13.9%-24.8%-26.3%-15.1%-17.7%
3 Year-89.5%-89.5%-2.4%-5.6%-18.7%-25.6%
5 Year-96.5%-96.5%55.0%43.6%-17.7%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Track Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: G7F2 (€0.32) is trading below our estimate of fair value (€1.24)

Significantly Below Fair Value: G7F2 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: G7F2 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: G7F2 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate G7F2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: G7F2 has negative assets, so we can't compare its PB Ratio to the DE Electronic industry average.


Next Steps

Future Growth

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

15.2%

Forecasted Tech 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 Track Group 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 Track Group performed over the past 5 years?

19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G7F2 is currently unprofitable.

Growing Profit Margin: G7F2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: G7F2 is unprofitable, but has reduced losses over the past 5 years at a rate of 19.4% per year.

Accelerating Growth: Unable to compare G7F2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: G7F2 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: G7F2's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Track Group's financial position?


Financial Position Analysis

Short Term Liabilities: G7F2 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: G7F2 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: G7F2 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: G7F2's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: G7F2 has a low level of unsold assets or inventory.

Debt Coverage by Assets: G7F2 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: Whilst unprofitable G7F2 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: G7F2 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.7% per year.


Next Steps

Dividend

What is Track Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate G7F2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate G7F2's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if G7F2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if G7F2'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 G7F2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Derek Cassell (45yo)

2.17s

Tenure

US$641,667

Compensation

Mr. Derek Cassell has been Chief Executive Officer of Track Group, Inc. since January 1, 2018. Mr. Cassell served as President of Track Group, Inc. from December 19, 2016 to January 1, 2018. and served as  ...


CEO Compensation Analysis

Compensation vs Market: Derek's total compensation ($USD641.67K) is above average for companies of similar size in the German market ($USD432.27K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Derek Cassell
Chief Executive Officer2.17yrsUS$641.67k2.78% $134.5k
Peter Poli
Chief Financial Officer3.17yrsUS$416.67k1.17% $56.6k
Johan Elerud
Vice President of Operations0.92yrno datano data
Mark Wojcik
Chief Technology Officer0.92yrno datano data
Gordon Jesperson
General Counsel & Corporate Secretary8.58yrsno datano data
Matt Swando
Vice President of Global Sales1.17yrsno datano data
A. Gigler
Vice President of Marketing & Product Management0.92yrno datano data
Eli Sabag
Divisional President of Internationalno datano datano data

1.2yrs

Average Tenure

Experienced Management: G7F2's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Guy M. C. Dubois
Independent Chairman of the Board7yrsUS$100.00k2.76% $133.7k
Karen Macleod
Independent Director4.17yrsUS$100.00k0.48% $23.4k
Karim Sehnaoui
Director2yrsUS$100.00k0.12% $5.9k

4.2yrs

Average Tenure

55yo

Average Age

Experienced Board: G7F2's board of directors are considered experienced (4.2 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 been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Track Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Track Group, Inc.
  • Ticker: G7F2
  • Exchange: BST
  • Founded: 1995
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$5.365m
  • Listing Market Cap: US$4.838m
  • Shares outstanding: 11.41m
  • Website: https://www.trackgrp.com

Number of Employees


Location

  • Track Group, Inc.
  • 200 East 5th Avenue
  • Suite 100
  • Naperville
  • Illinois
  • 60563
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRCKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2003
G7F2BST (Boerse-Stuttgart)YesCommon StockDEEURJun 2003

Biography

Track Group, Inc., together with its subsidiaries, designs, manufactures, and markets location tracking devices, and develops and sells various related software, services, accessories, networking solutions, and monitoring applications. The company’s products and services include hardware and software applications, device-agnostic operating systems, and accessories, including ReliAlert XC3, a GPS device that enables agencies to track offender movements and communicate directly with offenders through a patented on-board two/three-way voice communication technology; Shadow, an offender tracking device with 3G compliant; TrackerPAL, a cloud-based monitoring system; and TrackerPAL Mobile, a mobile application of the TrackerPAL software for Android and iOS devices. It also provides data analytics services; BACtrack, a smartphone-based remote alcohol monitoring system; Violence Smartphone Application that creates a mobile geo-zone around a survivor of domestic abuse and communicates with the offender’s tracking device; InTouch, a smartphone monitoring and supervision application for the criminal justice market to compliment traditional Electronic Monitoring Solutions; SecureCuff steel bands; and RF Beacon, a self-contained and short-range transmitting station that provides a radio frequency signal communicating with assigned offender GPS devices, as well as product support services. Track Group, Inc. sells its products primarily in the United States, Latin American countries, and the Caribbean countries. The company was formerly known as SecureAlert, Inc. and changed its name to Track Group, Inc. in May 2015. Track Group, Inc. was incorporated in 1995 and is headquartered in Naperville, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 22:50
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.