AIM:BGO

Stock Analysis Report

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Executive Summary

Bango plc develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.1%

BGO

-0.7%

GB Software

0.04%

GB Market


1 Year Return

58.6%

BGO

-11.3%

GB Software

-15.1%

GB Market

Return vs Industry: BGO exceeded the UK Software industry which returned -11.3% over the past year.

Return vs Market: BGO exceeded the UK Market which returned -15.1% over the past year.


Shareholder returns

BGOIndustryMarket
7 Day-6.1%-0.7%0.04%
30 Day17.6%-1.2%-4.4%
90 Day48.3%11.8%6.3%
1 Year58.6%58.6%-9.5%-11.3%-11.1%-15.1%
3 Year-10.9%-10.9%-19.7%-31.2%-4.0%-15.8%
5 Year58.6%58.6%23.2%0.2%13.8%-11.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BGO is overvalued based on its PB Ratio (8.2x) compared to the GB Software industry average (3.4x).


Next Steps

Future Growth

How is Bango forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.4%

Forecasted Software industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BGO's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if BGO's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if BGO's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if BGO's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BGO's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Software industry.

Past Performance

How has Bango performed over the past 5 years?

17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BGO is currently unprofitable.

Growing Profit Margin: BGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BGO is unprofitable, but has reduced losses over the past 5 years at a rate of 17.1% per year.

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

Earnings vs Industry: BGO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.8%).


Return on Equity

High ROE: BGO has a negative Return on Equity (-15.89%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bango's financial position?


Financial Position Analysis

Short Term Liabilities: BGO's short term assets (£5.9M) exceed its short term liabilities (£3.7M).

Long Term Liabilities: BGO's short term assets (£5.9M) exceed its long term liabilities (£866.0K).


Debt to Equity History and Analysis

Debt Level: BGO is debt free.

Reducing Debt: BGO has not had any debt for 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: BGO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BGO has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 8.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Paul Larbey (46yo)

0.50

Tenure

Mr. Paul Douglas Larbey serves as Chief Executive Officer of Bango plc since January 2020 and also serves as its Executive Director since January 22, 2020. Mr. Larbey served as Chief Operating Officer at B ...


Leadership Team

NamePositionTenureCompensationOwnership
Raymond Anderson
Founder & Executive Chairman0.50yrUK£257.24k8.88% £11.3m
Anil Malhotra
Founder21.5yrsUK£220.14k5.34% £6.8m
Carolyn Rand
CFO & Director1.5yrsUK£191.25kno data
Paul Larbey
CEO & Executive Director0.50yrno data0.025% £31.2k
Jim Plimmer
Senior VP of Payment Product Strategy & Sales0.50yrno datano data
June Ahi
Head of People1.83yrsno datano data
David Shiyanbade
Head of Onboarding1.83yrsno datano data
Santi Feced
Head of Engineering0.58yrno datano data
Rachel Greenhalgh
Company Secretaryno datano datano data
Robert Payne
no datano datano data

1.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: BGO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Raymond Anderson
Founder & Executive Chairman0.50yrUK£257.24k8.88% £11.3m
Anil Malhotra
Founder21.5yrsUK£220.14k5.34% £6.8m
Carolyn Rand
CFO & Director1.5yrsUK£191.25kno data
Paul Larbey
CEO & Executive Director0.50yrno data0.025% £31.2k
Nancy Cruickshank
Independent Non-Executive Director1.5yrsUK£22.50kno data
Gianluca D'Agostino
Independent Non-Executive Director3.67yrsUK£22.50k0.026% £33.2k
William Peacock
Senior Independent Non-Executive Director0.58yrno datano data
Frank Bury
Independent Non-Executive Director0.58yrno data0.45% £568.6k

1.0yrs

Average Tenure

51yo

Average Age

Experienced Board: BGO's board of directors are not considered experienced ( 1 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: BGO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.


Top Shareholders

Company Information

Bango plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bango plc
  • Ticker: BGO
  • Exchange: AIM
  • Founded: 1999
  • Industry: Application Software
  • Sector: Software
  • Market Cap: UK£126.844m
  • Shares outstanding: 74.40m
  • Website: https://bango.com

Number of Employees


Location

  • Bango plc
  • 5 Westbrook Centre
  • Cambridge
  • Cambridgeshire
  • CB4 1YG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2005
B1ODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2005

Biography

Bango plc develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. It operates through two segments, End User Activity and Data Activity. The company offers Bango Marketplace that enables developers to direct their marketing towards selected customer audiences; and Bango Resale, a solution that enables merchants to acquire, retain, and monetize new customers through global resale partnerships. It also provides Audiens, a mobile data exchange platform. The company operates in the United Kingdom, European Union, the United States, Canada, and internationally. Bango plc was founded in 1999 and is based in Cambridge, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 20:59
End of Day Share Price2020/07/09 00:00
Earnings2019/12/31
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.