AIM:GINV

Stock Analysis Report

Global Invacom Group

Executive Summary

Global Invacom Group Limited, an investment holding company, engages in the research and development, design, and supply of integrated satellite communications equipment in the United States, Europe, Asia, and internationally.

Rewards

Trading at 3.6% below its fair value

Earnings grew by 90.1% over the past year

Risk Analysis

Highly volatile share price over past 3 months

Does not have a meaningful market cap (£39M)



Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

GINV

-4.4%

GB Communications

-0.5%

GB Market


1 Year Return

n/a

GINV

47.1%

GB Communications

12.4%

GB Market

Return vs Industry: Insufficient data to determine how GINV performed against the UK Communications industry.

Return vs Market: Insufficient data to determine how GINV performed against the UK Market.


Shareholder returns

GINVIndustryMarket
7 Day0%-4.4%-0.5%
30 Day-21.2%-0.1%0.2%
90 Day-18.8%13.2%6.0%
1 Yearn/a49.8%47.1%18.3%12.4%
3 Year-16.1%-16.1%64.9%54.5%22.6%6.9%
5 Year-67.1%-67.5%106.7%85.6%40.9%8.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

12.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GINV (£0.07) is trading below our estimate of fair value (£0.07)

Significantly Below Fair Value: GINV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GINV is good value based on its PE Ratio (10.8x) compared to the Communications industry average (16x).

PE vs Market: GINV is good value based on its PE Ratio (10.8x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GINV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GINV is good value based on its PB Ratio (0.5x) compared to the GB Communications industry average (2x).


Next Steps

Future Growth

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

51.8%

Forecasted Tech 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 Global Invacom 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 Global Invacom Group performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GINV has high quality earnings.

Growing Profit Margin: GINV's current net profit margins (1.9%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: GINV's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: GINV's earnings growth over the past year (90.1%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: GINV earnings growth over the past year (90.1%) exceeded the Communications industry 34.1%.


Return on Equity

High ROE: GINV's Return on Equity (4.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Global Invacom Group's financial position?


Financial Position Analysis

Short Term Liabilities: GINV's short term assets ($62.8M) exceed its short term liabilities ($33.1M).

Long Term Liabilities: GINV's short term assets ($62.8M) exceed its long term liabilities ($2.0M).


Debt to Equity History and Analysis

Debt Level: GINV's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GINV's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GINV's debt is well covered by operating cash flow (41.7%).

Interest Coverage: GINV's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet

Inventory Level: GINV has a high level of physical assets or inventory.

Debt Coverage by Assets: GINV's debt is covered by short term assets (assets are 4.9x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.8%markettop25%5.0%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate GINV'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 GINV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GINV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GINV is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GINV'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 Global Invacom Group's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Tony Taylor (57yo)

0yrs

Tenure

0

Mr. Anthony Brian Taylor, also known as Tony, serves as the Chief Executive Officer and Executive Chairman of Global Invacom Group Limited. Mr. Taylor is the Managing Director at Global Invacom Limited sin ...


Management Age and Tenure

2.8yrs

Average Tenure

57yo

Average Age

Experienced Management: GINV's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

8.5yrs

Average Tenure

57yo

Average Age

Experienced Board: GINV's board of directors are considered experienced (8.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUK£17,02216 Jan 20
Seng Hock Tan
EntityIndividual
Shares180,000
Max PriceUK£0.095

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Malcolm Burrell (60yo)

    CTO & Executive Director

    • Tenure: 9.4yrs
  • Tony Taylor (57yo)

    Executive Chairman & CEO

    • Matthew Jonathan Garner (54yo)

      CFO & Executive Director

      • Tenure: 5.8yrs
    • Gordon Blaikie

      Chief Operating Officer

      • Tenure: 3.9yrs
    • Wendy Isabel Fern

      Group Financial Controller

      • Sharon Yeoh

        Company Secretary

        • Tenure: 0.4yrs

      Board Members

      • John Lim (57yo)

        Lead Independent Director

        • Compensation: US$105.00k
      • Basil Chan (68yo)

        Independent Director

        • Tenure: 7.8yrs
        • Compensation: US$94.50k
      • Cos Borrelli (52yo)

        Independent Director

        • Tenure: 10.1yrs
        • Compensation: US$94.50k
      • Kenny Sim (49yo)

        Non-Independent Non-Executive Director

        • Tenure: 4.3yrs
        • Compensation: US$52.50k
      • Malcolm Burrell (60yo)

        CTO & Executive Director

        • Tenure: 9.4yrs
      • Tony Taylor (57yo)

        Executive Chairman & CEO

        • Matthew Jonathan Garner (54yo)

          CFO & Executive Director

          • Tenure: 5.8yrs

        Company Information

        Global Invacom Group Limited's company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Global Invacom Group Limited
        • Ticker: GINV
        • Exchange: AIM
        • Founded: 1985
        • Industry: Communications Equipment
        • Sector: Tech
        • Market Cap: S$30.969m
        • Listing Market Cap: S$17.473m
        • Shares outstanding: 271.66m
        • Website: https://www.globalinvacom.com

        Number of Employees


        Location

        • Global Invacom Group Limited
        • Suntec Tower Three
        • No. 18-02A, 8 Temasek Boulevard
        • Singapore
        • 38988
        • Singapore

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        QS9SGX (Singapore Exchange)YesNew Ordinary SharesSGSGDJul 2012
        GINVAIM (London Stock Exchange AIM Market)YesNew Ordinary SharesGBGBPJul 2012

        Biography

        Global Invacom Group Limited, an investment holding company, engages in the research and development, design, and supply of integrated satellite communications equipment in the United States, Europe, Asia, and internationally. The company operates through Satellite Communications and Contract Manufacturing segments. It offers low noise blocks; very small aperture terminals (VSAT); video distribution systems; in home distribution systems; fiber integrated reception systems; antennas; accessories, such as fiber splitters, termination and installation products, cleaning kits, fiber optic cable solutions, cleaving and splicing solutions, and test and measurement equipment; and rack mount products for use in uplink stations, cable heads, SNGV's, Ob trucks, GPS, VSAT, and teleports. The company also provides electronics manufacturing services, as well as radio frequency over fiber solutions for commercial, government, and military markets; and supplies custom and bespoke products in various technology areas. In addition, it designs and manufactures precision microwave waveguide components and applications. Further, the company designs products for the reception and transmission of satellite signals; and provides technical support services. It serves broadcasters and data over satellite providers. Global Invacom Group Limited was founded in 1985 and is headquartered in Singapore. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/22 22:01
        End of Day Share Price2020/01/22 00:00
        Earnings2019/09/30
        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.