Market Cap
UK£315.5m
Last Updated
2021/03/03 20:35 UTC
Data Sources
Company Financials +
Executive Summary
Idox plc, through its subsidiaries, provides software solutions and information services for the management of local government and other organizations. More Details
Rewards
Risk Analysis
Snowflake Analysis
Questionable track record with imperfect balance sheet.
Share Price & News
How has IDOX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IDOX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IDOX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
IDOX
-0.3%
GB Software
0.3%
GB Market
1 Year Return
80.4%
IDOX
-4.7%
GB Software
0.8%
GB Market
Return vs Industry: IDOX exceeded the UK Software industry which returned -4.4% over the past year.
Return vs Market: IDOX exceeded the UK Market which returned 1.1% over the past year.
Shareholder returns
| IDOX | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -0.3% | 0.3% |
| 30 Day | 33.8% | -1.1% | 3.2% |
| 90 Day | 44.5% | 7.4% | 4.5% |
| 1 Year | 80.4%80.4% | 4.1%-4.7% | 6.7%0.8% |
| 3 Year | 110.5%106.0% | 7.5%-6.1% | 11.5%-1.9% |
| 5 Year | 47.2%39.7% | 27.8%6.1% | 41.8%14.5% |
Long-Term Price Volatility Vs. Market
How volatile is IDOX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
IDOX (LON:IDOX) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Returns On Capital At IDOX (LON:IDOX) Paint An Interesting Picture2 months ago | Simply Wall St
Calculating The Intrinsic Value Of IDOX plc (LON:IDOX)Valuation
Is IDOX undervalued compared to its fair value and its price relative to the market?
246.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IDOX (£0.72) is trading above our estimate of fair value (£0.39)
Significantly Below Fair Value: IDOX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IDOX is poor value based on its PE Ratio (246.6x) compared to the GB Software industry average (54.8x).
PE vs Market: IDOX is poor value based on its PE Ratio (246.6x) compared to the UK market (24.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IDOX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IDOX is overvalued based on its PB Ratio (6.7x) compared to the GB Software industry average (4.1x).
Next Steps
Future Growth
How is IDOX forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
5.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if IDOX's forecast earnings growth is above the savings rate (1%).
Earnings vs Market: Insufficient data to determine if IDOX'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: IDOX's revenue (5.9% per year) is forecast to grow slower than the UK market (7.3% per year).
High Growth Revenue: IDOX's revenue (5.9% 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 IDOX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has IDOX performed over the past 5 years?
-33.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IDOX has high quality earnings.
Growing Profit Margin: IDOX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IDOX's earnings have declined by 33.7% per year over the past 5 years.
Accelerating Growth: IDOX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IDOX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (3.3%).
Return on Equity
High ROE: IDOX's Return on Equity (2.7%) is considered low.
Next Steps
Financial Health
How is IDOX's financial position?
Financial Position Analysis
Short Term Liabilities: IDOX's short term assets (£50.6M) exceed its short term liabilities (£35.4M).
Long Term Liabilities: IDOX's short term assets (£50.6M) do not cover its long term liabilities (£55.9M).
Debt to Equity History and Analysis
Debt Level: IDOX's debt to equity ratio (99.9%) is considered high.
Reducing Debt: IDOX's debt to equity ratio has increased from 50.6% to 99.9% over the past 5 years.
Debt Coverage: IDOX's debt is well covered by operating cash flow (45.5%).
Interest Coverage: IDOX's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Next Steps
Dividend
What is IDOX current dividend yield, its reliability and sustainability?
0.42%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: IDOX's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.47%).
High Dividend: IDOX's dividend (0.42%) is low compared to the top 25% of dividend payers in the UK market (4.48%).
Stability and Growth of Payments
Stable Dividend: IDOX is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: IDOX is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: IDOX is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IDOX'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?
2.3yrs
Average management tenure
CEO
Dave Meaden (58 yo)
2.75yrs
Tenure
UK£510,000
Compensation
Mr. David J. Meaden, also known as Dave, has been the Chief Executive Officer of IDOX plc since June 1, 2018 and its Director since 2018. Mr. Meaden served as the Chief Executive of Northgate Public Servic...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD713.37K) is about average for companies of similar size in the UK market ($USD765.56K).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.75yrs | UK£510.00k | 0.11% £ 335.2k | |
| CFO & Director | 2.33yrs | UK£268.00k | 0.016% £ 50.2k | |
| Chief Operating Officer | no data | no data | no data | |
| Chief Legal & Corporate Officer and Company Secretary | no data | no data | no data | |
| Sales Director | no data | no data | no data | |
| Head of Professional Service | 0.42yr | no data | no data | |
| Chief Process & Transformation Officer | no data | no data | no data | |
| Managing Director of Content | no data | no data | no data |
2.3yrs
Average Tenure
Experienced Management: IDOX's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.75yrs | UK£510.00k | 0.11% £ 335.2k | |
| CFO & Director | 2.33yrs | UK£268.00k | 0.016% £ 50.2k | |
| Independent Non-Executive Chairman | 2.33yrs | UK£100.00k | 0.21% £ 670.4k | |
| Independent Non-Executive Director | 2yrs | UK£35.00k | 0.024% £ 75.4k | |
| Independent Non-Executive Director | 0.92yr | UK£19.00k | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: IDOX's board of directors are not considered experienced ( 2.3 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: Insufficient data to determine if 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.
Top Shareholders
Company Information
IDOX plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: IDOX plc
- Ticker: IDOX
- Exchange: AIM
- Founded: 2000
- Industry: Application Software
- Sector: Software
- Market Cap: UK£315.520m
- Shares outstanding: 440.67m
- Website: https://www.idoxplc.com
Number of Employees
Location
- IDOX plc
- 1310 Waterside
- 2nd Floor
- Reading
- Berkshire
- RG7 4SA
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IDOX | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Dec 2000 |
| LWL | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2000 |
Biography
Idox plc, through its subsidiaries, provides software solutions and information services for the management of local government and other organizations. The company operates through three segments: Public ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 20:35 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/10/31 |
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.