AIM:IQG

Stock Analysis Report

Executive Summary

IQGeo Group PLC, a mobile geospatial software company, provides enterprise software solutions to the telco, communications, and utility industries in North America.

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (£26M)



Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Impinj

NasdaqGS:PI

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

16.3%

IQG

-0.2%

GB Software

0.1%

GB Market


1 Year Return

-20.7%

IQG

24.1%

GB Software

9.8%

GB Market

Return vs Industry: IQG underperformed the UK Software industry which returned 24.1% over the past year.

Return vs Market: IQG underperformed the UK Market which returned 9.8% over the past year.


Shareholder returns

IQGIndustryMarket
7 Day16.3%-0.2%0.1%
30 Day18.9%3.2%-0.2%
90 Day27.4%15.4%2.0%
1 Year-20.7%-20.7%32.1%24.1%15.5%9.8%
3 Year28.9%28.9%16.2%-2.5%20.1%4.8%
5 Year-58.8%-58.8%69.4%39.2%44.5%11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: IQG 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 IQG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IQG is good value based on its PB Ratio (1.3x) compared to the GB Software industry average (3.6x).


Next Steps

Future Growth

How is IQGeo Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.9%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IQGeo Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has IQGeo Group performed over the past 5 years?

23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IQG is currently unprofitable.

Growing Profit Margin: IQG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IQG is unprofitable, but has reduced losses over the past 5 years at a rate of 23.4% per year.

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

Earnings vs Industry: IQG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (8%).


Return on Equity

High ROE: IQG has a negative Return on Equity (-14.52%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is IQGeo Group's financial position?


Financial Position Analysis

Short Term Liabilities: IQG's short term assets (£28.9M) exceed its short term liabilities (£3.1M).

Long Term Liabilities: IQG's short term assets (£28.9M) exceed its long term liabilities (£236.0K).


Debt to Equity History and Analysis

Debt Level: IQG is debt free.

Reducing Debt: IQG has no debt compared to 5 years ago when its debt to equity ratio was 22.7%.


Balance Sheet

Inventory Level: IQG has a low level of unsold assets or inventory.

Debt Coverage by Assets: IQG's debt is not covered by short term assets (assets are -375.2x debt).


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: IQG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IQG has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 21.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.2%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate IQG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IQG's dividends per share have been stable in the past.

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


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Richard Petti (52yo)

3yrs

Tenure

UK£406,000

Compensation

Mr. Riccardo Ettore Petti, also known as Richard, has been the Chief Executive Officer of Ubisense Group Plc since December 14, 2016 and serves as its Executive Director. Mr. Petti served as the Chief Exec ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD534.12K) is above average for companies of similar size in the UK market ($USD326.34K).

Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: IQG's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

54yo

Average Age

Experienced Board: IQG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: IQG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£53,00006 Dec 19
Kestrel Partners LLP
EntityCompany
Shares100,000
Max PriceUK£0.53
BuyUK£25,54702 Dec 19
Riccardo Petti
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares55,536
Max PriceUK£0.46
SellUK£3,368,69303 Sep 19
Oliver Rupert Scott
EntityIndividual
Shares7,323,246
Max PriceUK£0.46
SellUK£1,105,92503 Sep 19
Robert Sansom
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,404,185
Max PriceUK£0.46

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.1%.


Management Team

  • Peter Batty

    Chief Technology Officer

    • Tenure: 0yrs
  • Richard Petti (52yo)

    CEO & Executive Director

    • Tenure: 3yrs
    • Compensation: UK£406.00k
  • Tim Gingell (52yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 3.3yrs
    • Compensation: UK£253.00k
  • Steve Tongish

    Chief Marketing Officer

    • Tenure: 0yrs
  • Jörg Poswig

    Senior Vice President of RTLS Operations

    • Tenure: 0yrs
  • Tom Ferland

    Global Head of Human Resources

    • Tenure: 0.9yrs
  • Kyle Eagen

    Senior Vice President of Operations

    • Tenure: 0.9yrs

Board Members

  • Paul Taylor (54yo)

    Non-Executive Chairman

    • Tenure: 1.3yrs
    • Compensation: UK£46.00k
  • Robert Sansom (60yo)

    Non-Executive Director

    • Tenure: 14yrs
  • Richard Petti (52yo)

    CEO & Executive Director

    • Tenure: 3yrs
    • Compensation: UK£406.00k
  • Tim Gingell (52yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 3.3yrs
    • Compensation: UK£253.00k
  • Max Royde (47yo)

    Non-Executive Director

    • Tenure: 0.2yrs
  • Andy MacLeod (62yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Ian Kershaw (54yo)

    Non-Executive Director

    • Tenure: 5.6yrs
    • Compensation: UK£21.00k

Company Information

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


Key Information

  • Name: IQGeo Group plc
  • Ticker: IQG
  • Exchange: AIM
  • Founded: 2002
  • Industry: Application Software
  • Sector: Software
  • Market Cap: UK£26.482m
  • Shares outstanding: 49.50m
  • Website: https://www.iqgeo.com

Number of Employees


Location

  • IQGeo Group plc
  • St. Andrew’s House
  • St. Andrew’s Road
  • Cambridge
  • Cambridgeshire
  • CB4 1DL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IQGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2011

Biography

IQGeo Group PLC, a mobile geospatial software company, provides enterprise software solutions to the telco, communications, and utility industries in North America. It provides myWorld software, which give ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 21:13
End of Day Share Price2019/12/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.