AIM:IDOX

Stock Analysis Report

Executive Summary

Idox plc, through its subsidiaries, provides software solutions and information services for the management of local government and other organizations worldwide.

Snowflake

Fundamentals

Mediocre balance sheet with limited growth.

Risks

  • IDOX has significant price volatility in the past 3 months.
  • IDOX is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

AIM:IDOX

1.6%

GB Software

1.4%

GB Market


1 Year Return

-17.4%

AIM:IDOX

1.7%

GB Software

-5.7%

GB Market

IDOX underperformed the Software industry which returned 4.4% over the past year.

IDOX underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -4.8% over the past year.


Share holder returns

IDOXIndustryMarket
7 Day3.1%1.6%1.4%
30 Day2.0%-6.3%-4.8%
90 Day-16.2%-5.6%-1.9%
1 Year-17.4%-17.4%6.3%1.7%-1.3%-5.7%
3 Year-54.5%-56.4%14.5%-3.4%17.6%3.6%
5 Year-26.2%-31.8%93.0%56.1%24.6%-2.0%

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

Valuation

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

36.67x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

IDOX's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

IDOX's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

IDOX is overvalued based on earnings compared to the GB Software industry average.

IDOX is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for IDOX, we can't assess if its growth is good value.


Price Based on Value of Assets

IDOX is overvalued based on assets compared to the GB Software industry average.


Next Steps

Future Growth

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

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

IDOX's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

IDOX's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).

IDOX's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

IDOX's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

IDOX's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if IDOX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has IDOX performed over the past 5 years?

-48.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

IDOX's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

IDOX has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

IDOX has become profitable in the last year making it difficult to compare the GB Software industry average.


Return on Equity

IDOX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

IDOX used its assets less efficiently than the GB Software industry average last year based on Return on Assets.


Return on Capital Employed

IDOX has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is IDOX's financial position?


Financial Position Analysis

IDOX's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

IDOX's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

IDOX's level of debt (90%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (44.9% vs 90% today).

Debt is well covered by operating cash flow (21.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 31.2x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate IDOX's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate IDOX's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as IDOX has not reported any payouts.

Unable to verify if IDOX's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as IDOX has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of IDOX's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.


Next Steps

Management

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

0.8yrs

Average board tenure


CEO

Dave Meaden (57yo)

1.2yrs

Tenure

UK£427,000

Compensation

Mr. David J. Meaden, also known as Dave, has been the Chief Executive Officer of IDOX plc since June 1, 2018 and has been its Director since 2018. Mr. Meaden served as the Chief Executive of Northgate Publ ...


CEO Compensation Analysis

Dave's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Insufficient data for Dave to compare compensation growth.


Board Age and Tenure

0.8yrs

Average Tenure

53yo

Average Age

The average tenure for the IDOX board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUK£199,07012 Mar 19
Christopher Michael Stone
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares585,500
Max PriceUK£0.34
BuyUK£99,51812 Mar 19
David Meaden
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares292,700
Max PriceUK£0.34

Ownership Breakdown


Management Team

  • Dave Meaden (57yo)

    CEO & Director

    • Tenure: 1.2yrs
    • Compensation: UK£427.00k
  • Rob Grubb (38yo)

    CFO & Director

    • Tenure: 0.0yrs
  • Ruth Paterson

    Company Secretary

    • Tenure: 0.0yrs

Board Members

  • Chris Stone (56yo)

    Non-Executive Chairman

    • Tenure: 0.8yrs
  • Dave Meaden (57yo)

    CEO & Director

    • Tenure: 1.2yrs
    • Compensation: UK£427.00k
  • Phil Kelly (67yo)

    Non-Executive Director

    • Tenure: 0.4yrs
  • Rob Grubb (38yo)

    CFO & Director

    • Tenure: 0.0yrs
  • Oliver Rupert Scott (50yo)

    Non-Executive Director

    • Tenure: 0.8yrs
  • Jeremy Millard (48yo)

    Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: UK£36.00k

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£123.278m
  • Shares outstanding: 412.30m
  • Website: https://www.idoxplc.com

Number of Employees


Location

  • IDOX plc
  • 1310 Waterside
  • 2nd Floor
  • Reading
  • Berkshire
  • RG7 4SA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDOXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2000
LWLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2000

Biography

Idox plc, through its subsidiaries, provides software solutions and information services for the management of local government and other organizations worldwide. The company operates through five segments ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:37
End of Day Share Price2019/08/22 00:00
Earnings2019/04/30
Annual Earnings2018/10/31


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.