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IMImobile

AIM:IMO
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMO
AIM
£212M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

IMImobile PLC provides cloud communications software and solutions that enables companies to use mobile and digital technologies to communicate and engage with their customers. The last earnings update was 218 days ago. More info.


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IMO Share Price and Events
7 Day Returns
0.8%
AIM:IMO
-0.3%
GB Software
-0.1%
GB Market
1 Year Returns
16.4%
AIM:IMO
12.8%
GB Software
-2.6%
GB Market
IMO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IMImobile (IMO) 0.8% 1.3% 10.3% 16.4% 86.2% 137.1%
GB Software -0.3% 2.1% 10.8% 12.8% 41.4% 90%
GB Market -0.1% 1.3% 2.5% -2.6% 16.5% 3.8%
1 Year Return vs Industry and Market
  • IMO outperformed the Software industry which returned 12.8% over the past year.
  • IMO outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.6% over the past year.
Price Volatility
IMO
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IMImobile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IMImobile.

AIM:IMO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:IMO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 19%) (10.02%))
1.154
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.154 * 6.65%)
8.9%

Discounted Cash Flow Calculation for AIM:IMO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IMImobile is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:IMO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.9%)
2019 5.00 Analyst x2 4.59
2020 6.10 Analyst x2 5.14
2021 7.35 Analyst x2 5.69
2022 8.33 Est @ 13.39% 5.93
2023 9.15 Est @ 9.74% 5.97
2024 9.80 Est @ 7.19% 5.88
2025 10.33 Est @ 5.4% 5.69
2026 10.76 Est @ 4.15% 5.44
2027 11.11 Est @ 3.27% 5.16
2028 11.41 Est @ 2.66% 4.86
Present value of next 10 years cash flows £54.35
AIM:IMO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £11.41 × (1 + 1.23%) ÷ (8.9% – 1.23%)
£150.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £150.46 ÷ (1 + 8.9%)10
£64.13
AIM:IMO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £54.35 + £64.13
£118.47
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £118.47 / 67.00
£1.77
AIM:IMO Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.77
Current discount Discount to share price of £3.17
= -1 x (£3.17 - £1.77) / £1.77
-79%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IMImobile is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IMImobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IMImobile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:IMO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.00
AIM:IMO Share Price ** AIM (2019-06-25) in GBP £3.17
United Kingdom of Great Britain and Northern Ireland Software Industry PE Ratio Median Figure of 34 Publicly-Listed Software Companies 29.72x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 787 Publicly-Listed Companies 16.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IMImobile.

AIM:IMO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:IMO Share Price ÷ EPS (both in GBP)

= 3.17 ÷ 0.00

-697.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMImobile is loss making, we can't compare its value to the GB Software industry average.
  • IMImobile is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does IMImobile's expected growth come at a high price?
Raw Data
AIM:IMO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -697.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
61.3%per year
United Kingdom of Great Britain and Northern Ireland Software Industry PEG Ratio Median Figure of 24 Publicly-Listed Software Companies 1.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 577 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IMImobile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IMImobile's assets?
Raw Data
AIM:IMO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.88
AIM:IMO Share Price * AIM (2019-06-25) in GBP £3.17
United Kingdom of Great Britain and Northern Ireland Software Industry PB Ratio Median Figure of 74 Publicly-Listed Software Companies 2.82x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,372 Publicly-Listed Companies 1.48x
AIM:IMO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:IMO Share Price ÷ Book Value per Share (both in GBP)

= 3.17 ÷ 0.88

3.58x

* Primary Listing of IMImobile.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMImobile is overvalued based on assets compared to the GB Software industry average.
X
Value checks
We assess IMImobile's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. IMImobile has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
61.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IMImobile expected to grow at an attractive rate?
  • IMImobile's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • IMImobile's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • IMImobile's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:IMO Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:IMO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 61.3%
AIM:IMO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.4%
United Kingdom of Great Britain and Northern Ireland Software Industry Earnings Growth Rate Market Cap Weighted Average 19%
United Kingdom of Great Britain and Northern Ireland Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:IMO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:IMO Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 169 16 8 2
2020-03-31 155 15 7 2
2019-03-31 142 13 4 2
AIM:IMO Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 125 9 0
2018-06-30 118 9 0
2018-03-31 111 10 1
2017-12-31 102 10 3
2017-09-30 93 10 4
2017-06-30 85 10 4
2017-03-31 76 10 5
2016-12-31 73 10 4
2016-09-30 70 11 3
2016-06-30 66 10 3
2016-03-31 62 9 3
2015-12-31 58 10 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IMImobile's earnings are expected to grow significantly at over 20% yearly.
  • IMImobile's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:IMO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from IMImobile Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:IMO Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.08 0.08 0.08 1.00
2020-03-31 0.08 0.08 0.08 1.00
2019-03-31 0.01 0.01 0.01 1.00
AIM:IMO Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.01
2017-12-31 0.04
2017-09-30 0.07
2017-06-30 0.08
2017-03-31 0.09
2016-12-31 0.07
2016-09-30 0.06
2016-06-30 0.06
2016-03-31 0.07
2015-12-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IMImobile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IMImobile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IMImobile has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has IMImobile performed over the past 5 years?

  • IMImobile's last earnings update was 218 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IMImobile's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IMImobile does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare IMImobile's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IMImobile's 1-year growth to the GB Software industry average as it is not currently profitable.
Earnings and Revenue History
IMImobile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IMImobile Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:IMO Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 125.45 -0.28 2.79
2018-06-30 118.41 0.31 2.10
2018-03-31 111.37 0.90 1.41
2017-12-31 102.30 2.55 1.49
2017-09-30 93.24 4.20 1.56
2017-06-30 84.68 4.38 1.73
2017-03-31 76.12 4.57 1.89
2016-12-31 72.97 3.65 1.94
2016-09-30 69.82 2.73 1.98
2016-06-30 65.72 3.07 2.02
2016-03-31 61.63 3.41 2.06
2015-12-31 58.40 2.79 3.36
2015-09-30 55.18 2.17 4.65
2015-06-30 52.03 -1.90 5.97
2015-03-31 48.88 -5.98 7.29
2014-12-31 46.66 -4.99 1.25
2014-09-30 44.44 -4.00 -4.79
2014-06-30 43.92 -0.04 -2.32
2014-03-31 43.40 3.92 0.15
2013-12-31 41.87 3.59 9.95
2013-09-30 40.34 3.25 19.76
2013-06-30 39.44 2.68 20.15
2013-03-31 38.53 2.10 20.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if IMImobile has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if IMImobile has efficiently used its assets last year compared to the GB Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IMImobile improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess IMImobile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IMImobile has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is IMImobile's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IMImobile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IMImobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IMImobile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IMImobile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IMImobile Company Filings, last reported 8 months ago.

AIM:IMO Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 56.22 21.26 11.98
2018-06-30 56.22 21.26 11.98
2018-03-31 54.16 11.42 15.74
2017-12-31 54.16 11.42 15.74
2017-09-30 51.01 0.69 15.40
2017-06-30 51.01 0.69 15.40
2017-03-31 50.79 0.84 14.69
2016-12-31 50.79 0.84 14.69
2016-09-30 46.84 0.00 17.93
2016-06-30 46.84 0.00 17.93
2016-03-31 43.55 0.00 15.24
2015-12-31 43.55 0.00 15.24
2015-09-30 41.21 0.00 13.53
2015-06-30 41.21 0.00 13.53
2015-03-31 38.94 0.00 14.62
2014-12-31 38.94 0.00 14.62
2014-09-30 33.96 0.00 16.91
2014-06-30 33.96 0.00 16.91
2014-03-31 13.90 10.90 9.31
2013-12-31 13.90 10.90 9.31
2013-09-30 11.84 11.10 6.96
2013-06-30 11.84 11.10 6.96
2013-03-31 10.00 14.35 4.64
  • IMImobile's level of debt (37.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93.5% vs 37.8% today).
  • Debt is well covered by operating cash flow (42.6%, greater than 20% of total debt).
  • IMImobile is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess IMImobile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IMImobile has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IMImobile dividends.
If you bought £2,000 of IMImobile shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IMImobile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IMImobile's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:IMO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Software Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 2.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:IMO Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IMImobile has not reported any payouts.
  • Unable to verify if IMImobile's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IMImobile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IMImobile has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IMImobile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IMImobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IMImobile has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Patel
COMPENSATION £309,000
AGE 48
TENURE AS CEO 6.4 years
CEO Bio

Mr. Jayesh Ramesh Patel, also known as Jay, has been Chief Executive of IMImobile PLC since 2013. Mr. Patel serves as the Managing Director of WIN Plc and IMImobile Europe Limited. Mr. Patel serves as Chief Executive Officer of IMImobile Pvt Ltd. He has been working with IMI for 14 years, initially as a venture capital investor but since 2010 as Managing Director of the Group. He is responsible for the investments in IMI, Unanimis, Complinet, MarketClusters and gamblingcompliance. He serves as an Executive Director of IMImobile Limited. Mr. Patel serves as Managing Director at SPARK Venture Management. He serves as a Director of MarketClusters Limited since January 27, 2007 and WIN plc since August 2010. He serves as a Director of Concept Asian Media Limited. He serves as a Director of IMImobile Europe Ltd., IMImobile Holdings Ltd., IMImobile Private Limited, Newmedia Spark Directors Limited, Querist Limited, Quester Academic GP Limited, Quester Nominees Limited, Quester Venture GP Limited, Quester Venture Participations Limited, Spark Impact Limited (formerly Quester Venture Managers Limited), Spark Services Limited, Spark Venture Management Limited and Spark Venture Management Holdings Limited. He served as Managing Director of SPARK Ventures plc (now Gresham House Strategic plc). He was part of SPARK Ventures founding team since 1999. Mr. Patel served as an Executive Director of SPARK Ventures PLC from January 30, 2004 to February 19, 2013. He served as Executive Director of Kings Arms Yard VCT 2 PLC from March 10, 2008 to January 2011. He held corporate finance and strategy positions at UBS Warburg LLC (Fund Placement Group) and UBS Investment Bank. Previously, he was involved at Kobalt, Firebox, elata and mblox. He held executive positions at BSkyB. He led the creation of a serviced office of Glasshouse Street and the sale of a substantial stake in Spuetz as well as many minor exits. He was employed at StarTV Brazil Ltda. He was an Assistant Director at Spark Investors Ltd. He has a wide range of operational and strategic experience in growing and selling high growth businesses. He served as Director of Tap2Bill Limited. He served as a Non-Executive Director of Level Four Software Ltd. He served as Non-Executive Director at The Unanimis Group Limited. He served as a Director at Skinkers Limited. He served as a Director of dx3 Technologies Ltd. (now Dreamformat Limited). He served as a Director of Skillvest Ltd., MeMedia Ltd., Moza Ltd., and NewMedia Investors. He served as a Director of SPARK VCT 3 plc since March 10, 2008. Mr. Patel holds Masters of Business Administration from INSEAD and an Economics degree from the London School of Economics.

CEO Compensation
  • Jay's compensation has increased whilst company is loss making.
  • Jay's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the IMImobile management team in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the IMImobile management team is less than 2 years, this suggests a new team.
Management Team

Jay Patel

TITLE
CEO & Executive Director
COMPENSATION
£309K
AGE
48
TENURE
6.4 yrs

Shyam Bhat

TITLE
Founder
COMPENSATION
£82K
AGE
58

Vish Alluri

TITLE
Founder & Non-Executive Director
COMPENSATION
£35K
AGE
64

Mike Jefferies

TITLE
CFO & Executive Director
COMPENSATION
£243K
AGE
40

Thomas Boesen

TITLE
Senior Vice President of Business Development

Andrew White

TITLE
Senior Vice President of Solutions Sales

Alex Klose

TITLE
Vice President of Marketing
TENURE
1.9 yrs

Chaitanya Devalapally

TITLE
Senior VP of India & South East Asia
TENURE
0.2 yrs

Ashwani Chadha

TITLE
Executive Vice President

Matt Hooper

TITLE
Senior Vice President of Global Marketing
Board of Directors

John Allwood

TITLE
Independent Non-Executive Chairman
COMPENSATION
£50K
AGE
66
TENURE
3.2 yrs

Jay Patel

TITLE
CEO & Executive Director
COMPENSATION
£309K
AGE
48
TENURE
6.3 yrs

Shyam Bhat

TITLE
Founder
COMPENSATION
£82K
AGE
58

Vish Alluri

TITLE
Founder & Non-Executive Director
COMPENSATION
£35K
AGE
64

Mike Jefferies

TITLE
CFO & Executive Director
COMPENSATION
£243K
AGE
40

Simon Blagden

TITLE
Independent Non-Executive Director
COMPENSATION
£45K
AGE
56
Who owns this company?
Recent Insider Trading
  • IMImobile individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
08. Apr 19 Sell Michael David Jefferies Individual 08. Apr 19 08. Apr 19 -100,000 £3.10 £-310,000
08. Apr 19 Sell Shyamprasad Bhat Individual 08. Apr 19 08. Apr 19 -200,000 £3.10 £-620,000
25. Jan 19 Buy Viswanath Alluri Individual 24. Jan 19 24. Jan 19 85,000 £2.14 £181,798
07. Dec 18 Buy Viswanath Alluri Individual 06. Dec 18 06. Dec 18 69,500 £2.66 £184,522
X
Management checks
We assess IMImobile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IMImobile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does IMImobile PLC's (LON:IMO) CEO Pay Matter?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

No Stopping The IMImobile PLC (LON:IMO) Growth Train

IMImobile PLC (LON:IMO) continues to post impressive revenue growth and its prospects have never been brighter. … I will conduct a high level fundamental analysis on the company by looking at its past financials and growth prospects moving forward. … Firstly, a quick intro on the company -.

Simply Wall St -

Why IMImobile PLC (LON:IMO) May Not Be As Efficient As Its Industry

IMImobile PLC (LON:IMO) generated a below-average return on equity of 1.56% in the past 12 months, while its industry returned 11.51%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into IMO's past performance. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of IMO's returns

Simply Wall St -

Have You Accounted For These Three Things In IMImobile PLC's (LON:IMO) Relative Value?

IMO is currently trading at a high trailing PE of 38.07x, which is greater than the Software industry average of 30.98x. … But is this multiple truly representative of IMO’s value? … A drawback of any conclusion based on a static multiple like trailing PE is that it does not consider fundamental factors such as the company’s outlook or capital structure.

Simply Wall St -

June Fundamental Stock Pick: IMImobile PLC (LON:IMO)

IMImobile PLC (LON:IMO) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

Have Investors Priced In IMImobile PLC's (LON:IMO) Growth?

This means that the opportunity to buy IMImobile at a good price has disappeared! … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Are IMImobile PLC's (AIM:IMO) Interest Costs Too High?

On top of this, IMO has generated £10.4M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 12.37x, indicating that IMO’s current level of operating cash is high enough to cover debt. … IMO has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. … IMO’s high cash coverage and low levels of debt indicate its ability to use its borrowings efficiently in order to produce a healthy cash flow.

Simply Wall St -

What You Must Know About IMImobile PLC's (AIM:IMO) 8.64% ROE

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of IMO’s equity capital deployed. … Some of IMO’s peers may have a higher ROE but its cost of equity could exceed this return, leading to an unsustainable negative discrepancy i.e. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:IMO Last Perf Nov 22nd 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Does IMImobile PLC's (AIM:IMO) Past Performance Indicate A Stronger Future?

When IMImobile PLC (AIM:IMO) announced its most recent earnings (31 March 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Let's see whether it is only a result of industry tailwinds, or if IMImobile has seen some company-specific growth.

Simply Wall St -

Company Info

Description

IMImobile PLC provides cloud communications software and solutions that enables companies to use mobile and digital technologies to communicate and engage with their customers. The company offers IMIbot.ai, a modular AI platform for the end-to-end delivery of automated conversational experiences across the customer lifecycle; IMIchat, a cloud application that consolidates digital, mobile, and social customer service channels to a single agent desktop; IMIcampaign, a cloud campaign management application designed for multi-channel communication; IMIconnect, an enterprise-grade communications platform; and MIsocial that enhances live programming with audience content. It also provides IMInmx, a cloud Platform-as-a-Service gateway for A2P messaging; IMIdigital that provides the infrastructure and tools to deploy mobile content services across multiple touchpoints and devices; and Virtual PBX, which connect enterprise customers through cloud PBX. The company serves customers in various industries, including telecoms, banking, financial services and insurance, utilities, healthcare, retail, logistics and travel, contact centers, and gaming and gambling. It operates in Europe, the Americas, the Middle East, Africa, and India, South East Asia. IMImobile PLC was founded in 1999 and is headquartered in London, the United Kingdom with offices in Hyderabad, Little Rock, Toronto, Dubai, and Johannesburg.

Details
Name: IMImobile PLC
IMO
Exchange: AIM
Founded: 1999
£212,063,931
67,002,822
Website: http://www.imimobile.com
Address: IMImobile PLC
5 St John's Lane,
London,
Greater London, EC1M 4BH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM IMO Ordinary Shares London Stock Exchange AIM Market GB GBP 27. Jun 2014
Number of employees
Current staff
Staff numbers
1,100
IMImobile employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 03:53
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2018/11/20
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.