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Nasstar

AIM:NASA
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NASA
AIM
£64M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Nasstar plc, together with its subsidiaries, provides hosted managed and cloud computing services primarily in the United Kingdom. The last earnings update was 58 days ago. More info.


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NASA Share Price and Events
7 Day Returns
-7.1%
AIM:NASA
-0.4%
GB IT
-0.1%
GB Market
1 Year Returns
-5.1%
AIM:NASA
7.6%
GB IT
-2.6%
GB Market
NASA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nasstar (NASA) -7.1% -7.1% -4.7% -5.1% 33.1% 39.4%
GB IT -0.4% -0.9% 17.9% 7.6% 92.4% 65.2%
GB Market -0.1% 1.3% 2.5% -2.6% 16.5% 3.8%
1 Year Return vs Industry and Market
  • NASA underperformed the IT industry which returned 7.6% over the past year.
  • NASA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.6% over the past year.
Price Volatility
NASA
Industry
5yr Volatility vs Market

Value

 Is Nasstar 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 Nasstar 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 Nasstar.

AIM:NASA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:NASA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.01 (1 + (1- 19%) (5.16%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.035 * 6.65%)
8.11%

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

The calculations below outline how an intrinsic value for Nasstar 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:NASA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.11%)
2019 3.10 Analyst x1 2.87
2020 3.60 Analyst x1 3.08
2021 3.68 Est @ 2.21% 2.91
2022 3.75 Est @ 1.92% 2.75
2023 3.81 Est @ 1.71% 2.58
2024 3.87 Est @ 1.57% 2.43
2025 3.93 Est @ 1.46% 2.28
2026 3.99 Est @ 1.39% 2.14
2027 4.04 Est @ 1.34% 2.00
2028 4.09 Est @ 1.31% 1.88
Present value of next 10 years cash flows £24.91
AIM:NASA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £4.09 × (1 + 1.23%) ÷ (8.11% – 1.23%)
£60.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £60.18 ÷ (1 + 8.11%)10
£27.59
AIM:NASA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £24.91 + £27.59
£52.50
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £52.50 / 575.01
£0.09
AIM:NASA Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.09
Current discount Discount to share price of £0.11
= -1 x (£0.11 - £0.09) / £0.09
-22.1%

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

  • The current share price of Nasstar 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 Nasstar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nasstar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:NASA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.00
AIM:NASA Share Price ** AIM (2019-06-26) in GBP £0.11
United Kingdom of Great Britain and Northern Ireland IT Industry PE Ratio Median Figure of 23 Publicly-Listed IT Companies 27.03x
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 Nasstar.

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

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

= 0.11 ÷ 0.00

-65.09x

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

  • Nasstar is loss making, we can't compare its value to the GB IT industry average.
  • Nasstar 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 Nasstar's expected growth come at a high price?
Raw Data
AIM:NASA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -65.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
123.9%per year
United Kingdom of Great Britain and Northern Ireland IT Industry PEG Ratio Median Figure of 19 Publicly-Listed IT Companies 1.82x
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 Nasstar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nasstar's assets?
Raw Data
AIM:NASA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.04
AIM:NASA Share Price * AIM (2019-06-26) in GBP £0.11
United Kingdom of Great Britain and Northern Ireland IT Industry PB Ratio Median Figure of 44 Publicly-Listed IT Companies 3.02x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,372 Publicly-Listed Companies 1.48x
AIM:NASA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.11 ÷ 0.04

2.58x

* Primary Listing of Nasstar.

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

  • Nasstar is good value based on assets compared to the GB IT industry average.
X
Value checks
We assess Nasstar'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Nasstar has a total score of 1/6, 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 Nasstar expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
123.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nasstar expected to grow at an attractive rate?
  • Nasstar's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Nasstar's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Nasstar'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:NASA Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:NASA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 123.9%
AIM:NASA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.8%
United Kingdom of Great Britain and Northern Ireland IT Industry Earnings Growth Rate Market Cap Weighted Average 26.1%
United Kingdom of Great Britain and Northern Ireland IT Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
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:NASA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:NASA Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 29 7 1 1
2019-12-31 28 6 1 1
AIM:NASA Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 26 4 -1
2018-09-30 25 5 -1
2018-06-30 25 5 -1
2018-03-31 25 6 -1
2017-12-31 24 6 -1
2017-09-30 23 5 -1
2017-06-30 22 4 -2
2017-03-31 21 4 -1
2016-12-31 19 3 -1
2016-09-30 17 3 -1
2016-06-30 15 3 0
2016-03-31 14 3 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nasstar's earnings are expected to grow significantly at over 20% yearly.
  • Nasstar's revenue is expected to grow by 6.8% 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:NASA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Nasstar Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NASA Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.00 0.00 0.00 1.00
2019-12-31 0.00 0.00 0.00 1.00
AIM:NASA Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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.
  • Nasstar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nasstar'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.
Nasstar 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 Nasstar performed over the past 5 years?

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 Nasstar's growth in the last year to its industry (IT).
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.
  • Nasstar does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Nasstar's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nasstar's 1-year growth to the GB IT industry average as it is not currently profitable.
Earnings and Revenue History
Nasstar'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 Nasstar Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NASA Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 25.67 -0.98 13.33
2018-09-30 25.22 -0.92 13.15
2018-06-30 25.20 -0.55 13.03
2018-03-31 24.85 -0.80 13.09
2017-12-31 24.08 -1.34 13.10
2017-09-30 23.44 -1.32 12.84
2017-06-30 22.46 -1.54 12.54
2017-03-31 20.60 -1.33 11.65
2016-12-31 18.75 -1.13 10.77
2016-09-30 16.98 -0.78 9.88
2016-06-30 15.22 -0.43 8.99
2016-03-31 14.49 -0.37 8.55
2015-12-31 13.76 -0.31 8.12
2015-09-30 13.28 -0.63 7.84
2015-06-30 12.80 -0.94 7.57
2015-03-31 11.99 -1.33 7.08
2014-12-31 11.18 -1.71 6.59
2013-12-31 2.00 -2.52 1.64
2013-03-31 2.24 -1.63 1.65
2012-12-31 2.31 -0.97 1.64
2012-09-30 2.39 -0.31 1.63
2012-06-30 2.31 -0.26 1.52

*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 Nasstar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nasstar has efficiently used its assets last year compared to the GB IT industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nasstar 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 Nasstar'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 IT 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.
Nasstar 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 Nasstar'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 Nasstar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nasstar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nasstar's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nasstar'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 3.6x 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 Nasstar Company Filings, last reported 5 months ago.

AIM:NASA Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24.89 2.26 3.81
2018-09-30 24.89 2.26 3.81
2018-06-30 25.33 3.38 4.28
2018-03-31 25.33 3.38 4.28
2017-12-31 26.09 3.89 5.10
2017-09-30 26.47 3.89 5.10
2017-06-30 26.67 4.64 3.65
2017-03-31 26.67 4.64 3.65
2016-12-31 28.24 5.20 2.97
2016-09-30 28.24 5.20 2.97
2016-06-30 14.49 6.29 1.38
2016-03-31 14.49 6.29 1.38
2015-12-31 15.11 6.16 1.58
2015-09-30 15.11 6.16 1.58
2015-06-30 13.39 0.71 1.15
2015-03-31 13.39 0.71 1.15
2014-12-31 13.65 0.37 0.91
2013-12-31 0.06 0.00 0.31
2013-03-31 1.68 0.17 0.88
2012-12-31 1.68 0.17 0.88
2012-09-30 2.33 0.03 0.51
2012-06-30 2.33 0.03 0.51
  • Nasstar's level of debt (9.1%) 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 (223% vs 9.1% today).
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.

  • Whilst loss making Nasstar has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Nasstar has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -18% per year.
X
Financial health checks
We assess Nasstar'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. Nasstar 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 Nasstar'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
0.81%
Current annual income from Nasstar dividends. Estimated to be 0.99% next year.
If you bought £2,000 of Nasstar shares you are expected to receive £16 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?
  • Nasstar's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Nasstar's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.45%).
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:NASA 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland IT Industry Average Dividend Yield Market Cap Weighted Average of 21 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:NASA Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
AIM:NASA Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-10 0.001 0.755
2018-05-02 0.001 0.511
2018-05-01 0.001 0.508
2017-04-24 0.001 0.521
2016-04-11 0.000 0.516

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

  • Nasstar is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Nasstar is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Nasstar's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Nasstar's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Nasstar's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Nasstar'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 Nasstar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nasstar 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 Nasstar'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
Nigel Redwood
COMPENSATION £326,000
TENURE AS CEO 5.4 years
CEO Bio

Mr. Nigel Redwood has been Chief Executive Officer of Nasstar plc since January 2014. Mr. Redwood has been Managing Director at e-know.net Limited since September 2003. He joined e-know.net in 2002 and heads up sales. He has been a Director of Nasstar plc since January 10, 2014.

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

Average tenure of the Nasstar management team in years:

4.4
Average Tenure
  • The tenure for the Nasstar management team is about average.
Management Team

Nigel Redwood

TITLE
CEO & Director
COMPENSATION
£326K
TENURE
5.4 yrs

Niki Redwood

TITLE
Finance Director
COMPENSATION
£258K
TENURE
13.4 yrs

David McCarthy

TITLE
Managing Director
TENURE
3.4 yrs

Mark Flynn

TITLE
Head of Sales
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure of the Nasstar board of directors in years:

5.4
Average Tenure
  • The tenure for the Nasstar board of directors is about average.
Board of Directors

Peter Daresbury

TITLE
Non-Executive Chairman
COMPENSATION
£40K
AGE
65
TENURE
14.4 yrs

Nigel Redwood

TITLE
CEO & Director
COMPENSATION
£326K
TENURE
5.4 yrs

Niki Redwood

TITLE
Finance Director
COMPENSATION
£258K
TENURE
5.4 yrs

Nick Bate

TITLE
Non-Executive Director
COMPENSATION
£25K
TENURE
5.4 yrs

Mike Read

TITLE
Non-Executive Director
COMPENSATION
£24K
AGE
70
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Nasstar'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. Nasstar 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

Is Nasstar plc's (LON:NASA) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Nigel Redwood's Compensation Compare With Similar Sized Companies. … We took a group of companies with market capitalizations below UK£153m, and calculated the median CEO total compensation to be UK£238k.

Simply Wall St -

What You Must Know About Nasstar plc's (LON:NASA) Financial Strength

Investors are always looking for growth in small-cap stocks like Nasstar plc (LON:NASA), with a market cap of UK£67m. … However, an important fact which most ignore is: how financially healthy is the business? … especially ones that are currently loss-making,

Simply Wall St -

Is Nasstar plc's (LON:NASA) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Nasstar plc (LON:NASA), with a market cap of UK£67m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Nasstar plc (LON:NASA): Exploring Free Cash Flows

What is free cash flow. … Nasstar’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Nasstar’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Nasstar plc's (LON:NASA) Path To Profitability

The UK£68.62m market-cap company announced a latest loss of -UK£1.05m on 31 December 2017 for its most recent financial year result. … Many investors are wondering the rate at which NASA will turn a profit, with the big question being “when will the company breakeven?” … I’ve put together a brief outline of industry analyst expectations for NASA, its year of breakeven and its implied growth rate

Simply Wall St -

Are Nasstar plc's (LON:NASA) Interest Costs Too High?

How does NASA’s operating cash flow stack up against its debt? … Moreover, NASA has generated cash from operations of UK£6.06M during the same period of time, leading to an operating cash to total debt ratio of 145.97%, indicating that NASA’s current level of operating cash is high enough to cover debt. … NASA's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: NASA’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

A Look At The Intrinsic Value Of Nasstar plc (LON:NASA)

5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (£, Millions) £3.10 £3.69 £4.35 £5.09 £5.91 Source Analyst x1 Extrapolated @ (19%, capped from 35.73%) Extrapolated @ (18%, capped from 35.73%) Extrapolated @ (17%, capped from 35.73%) Extrapolated @ (16%, capped from 35.73%) Present Value Discounted @ 8.71% £2.85 £3.12 £3.39 £3.65 £3.89 Present Value of 5-year Cash Flow (PVCF)= £17 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = £6 × (1 + 1.5%) ÷ (8.7% – 1.5%) = £83 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = £83 / ( 1 + 8.7%)5 = £55 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is £72. … AIM:NASA Intrinsic Value Mar 19th 18 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Is Nasstar plc's (LON:NASA) Balance Sheet Strong Enough To Weather A Storm?

On top of this, NASA has produced cash from operations of £3.2M in the last twelve months, leading to an operating cash to total debt ratio of 0.56x, meaning that NASA’s current level of operating cash is high enough to cover debt. … NASA has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. … NASA’s relatively safe debt levels is even more impressive due to its ability to generate high cash flow, which illustrates operating efficiency.

Simply Wall St -

Calculating The Intrinsic Value Of Nasstar plc (AIM:NASA)

5-year cash flow forecast 2017 2018 2019 2020 2021 Levered FCF (GBP, Millions) £3.10 £3.10 £3.66 £4.28 £4.96 Source Analyst x1 Analyst x1 Extrapolated @ (18%, capped from 35.73%) Extrapolated @ (17%, capped from 35.73%) Extrapolated @ (16%, capped from 35.73%) Present Value Discounted @ 9.31% £2.84 £2.59 £2.80 £3.00 £3.18 Present Value of 5-year Cash Flow (PVCF)= £14 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2021 × (1 + g) ÷ (r – g) = £5 × (1 + 1.5%) ÷ (9.3% – 1.5%) = £64 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = £64 / ( 1 + 9.3%)5 = £41 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is £56. … AIM:NASA Intrinsic Value Nov 13th 17 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

What Is The Future Prospect For Tech And Nasstar plc (AIM:NASA)?

Tech analysts are forecasting for the entire software tech, industry, a strong double-digit growth of 13.67% in the upcoming year, and an enormous growth of 33.95% over the next couple of years. … AIM:NASA PE PEG Gauge Oct 28th 17 The software tech industry is trading at a PE ratio of 29x, higher than the rest of the UK stock market PE of 18x. … Use our free playform to see my list of over 1000 other tech companies trading on the market.

Simply Wall St -

Company Info

Description

Nasstar plc, together with its subsidiaries, provides hosted managed and cloud computing services primarily in the United Kingdom. The company offers nSecureSign, which enables secure digital signing of various documents; nSecureWeb Gateway, a Web proxy that protects organization’s users from Web based threats; and nMDM, a mobile device management solution, which delivers mobile management platform to manage and secure organization’s mobile devices. It also provides nFileSync, a Dropbox style hosted solution to store corporate data and securely share files; nCrypt, a secure email encryption platform; and Enterprise Mobility Suite, a cloud solution that manages identities, devices, apps, and data. In addition, the company offers hosted desktop, software-as-a-service, managed telephony, managed network, Office 365, managed IT, certification-as-a-service, and professional services, as well as hosted exchange and infrastructure-as-a-service solutions. Further, it provides end user support services; and hosts various software applications on behalf of clients. The company serves the legal, recruitment, finance, government, charity, ISV hosting, media, and property industries. Nasstar plc was incorporated in 2005 and is headquartered in Telford, the United Kingdom.

Details
Name: Nasstar plc
NASA
Exchange: AIM
Founded: 2005
£64,113,920
575,012,743
Website: http://www.nasstar.com
Address: Nasstar plc
Datapoint House,
400 Queensway Business Park,
Telford,
Shropshire, TF1 7UL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM NASA Ordinary Shares London Stock Exchange AIM Market GB GBP 29. Dec 2005
Number of employees
Current staff
Staff numbers
203
Nasstar employees.
Industry
Internet Services and Infrastructure
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 21:53
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.