Bango (AIM:BGO) - Share price, News & Analysis

BGO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

BGO Stock Overview

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

Rewards

Trading at 4.4% below our estimate of its fair value

Revenue is forecast to grow 17.71% per year

Became profitable this year

Risk Analysis

BGO passed our risk checks.

Bango Competitors

Boku

AIM:BOKU

UK£517.6m

Price History & Performance

Summary of all time highs, changes and price drops for Bango
Historical stock prices
Current Share Price	UK£1.76
52 Week High	UK£2.37
52 Week Low	UK£1.56
Beta	0.49
1 Month Change	-9.30%
3 Month Change	-16.63%
1 Year Change	0.57%
3 Year Change	78.17%
5 Year Change	137.16%
Change since IPO	2.93%

Recent News & Updates

Mar 25

Bango's (LON:BGO) Earnings Are Of Questionable Quality

Bango plc ( LON:BGO ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...

Mar 08

Imagine Holding Bango (LON:BGO) Shares While The Price Zoomed 377% Higher

Buying shares in the best businesses can build meaningful wealth for you and your family. And highest quality companies...

Shareholder Returns

	BGO	GB Software	GB Market
7D	-4.6%	-2.1%	-2.6%
1Y	0.6%	16.5%	10.9%

Return vs Industry: BGO underperformed the UK Software industry which returned 14% over the past year.

Return vs Market: BGO underperformed the UK Market which returned 13.8% over the past year.

Price Volatility

Is BGO's price volatile compared to industry and market?
BGO volatility
BGO Average Weekly Movement	6.2%
Software Industry Average Movement	4.7%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	9.8%
10% least volatile stocks in GB Market	2.5%

Stable Share Price: BGO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BGO's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	78	Paul Larbey	https://bango.com

Bango plc develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Marketplace that enables app marketers in finding Bango Audiences to directly reach new paying users; Bango Payments, which connects online app stores and merchants to approximately 3 billion users; Bango Resale, a solution to deliver the results from reselling and bundling products and services; and Bango Boost+, a customer and revenue growth program. It operates in the United Kingdom, the European Union, the United States, Canada, and internationally.

Bango Fundamentals Summary

How do Bango's earnings and revenue compare to its market cap?
BGO fundamental statistics
Market Cap	UK£133.36m
Earnings (TTM)	UK£760.00k
Revenue (TTM)	UK£14.52m

175.5x

P/E Ratio

9.2x

P/S Ratio

Is BGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGO income statement (TTM)
Revenue	UK£14.52m
Cost of Revenue	UK£541.00k
Gross Profit	UK£13.98m
Expenses	UK£13.22m
Earnings	UK£760.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.01
Gross Margin	96.28%
Net Profit Margin	5.23%
Debt/Equity Ratio	0%

How did BGO perform over the long term?

See historical performance and comparison

Valuation

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

4.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BGO (£1.76) is trading below our estimate of fair value (£1.84)

Significantly Below Fair Value: BGO is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: BGO is poor value based on its PE Ratio (175.5x) compared to the UK Software industry average (50.9x).

PE vs Market: BGO is poor value based on its PE Ratio (175.5x) compared to the UK market (19x).

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 (5.2x) compared to the GB Software industry average (4x).

Future Growth

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

17.7%

Forecasted annual revenue growth

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 (0.9%).

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: BGO's revenue (17.7% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: BGO's revenue (17.7% per year) is forecast to grow slower 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

Past Performance

How has Bango performed over the past 5 years?

40.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BGO has high quality earnings.

Growing Profit Margin: BGO became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: BGO has become profitable over the past 5 years, growing earnings by 40.1% per year.

Accelerating Growth: BGO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BGO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (12.1%).

Return on Equity

High ROE: BGO's Return on Equity (3%) is considered low.

Financial Health

How is Bango's financial position?

Financial Position Analysis

Short Term Liabilities: BGO's short term assets (£11.3M) exceed its short term liabilities (£2.9M).

Long Term Liabilities: BGO's short term assets (£11.3M) exceed its long term liabilities (£897.0K).

Debt to Equity History and Analysis

Debt Level: BGO is debt free.

Reducing Debt: BGO has not had any debt for past 5 years.

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

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

Balance Sheet

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

Explore strong dividend paying companies in the Software industry.

Management

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

1.6yrs

Average management tenure

CEO

Paul Larbey (47 yo)

1.83yrs

Tenure

UK£254,903

Compensation

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

CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD337.51K) is below average for companies of similar size in the UK market ($USD560.47K).

Compensation vs Earnings: Insufficient data to compare Paul's compensation with company performance.

Leadership Team

Experienced Management: BGO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: BGO's board of directors are not considered experienced ( 1.8 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2021/11/30 21:36
End of Day Share Price	2021/11/30 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data