Commex Technology Limited, together with its subsidiaries, provides software products and solutions to the capital and commodities markets worldwide.
The last earnings update was 201 days ago.
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
In this section, we usually try to help investors determine whether Commex Technology is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Commex Technology has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Commex Technology. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Commex Technology's earnings available for a low price, and how does
this compare to other companies in the same industry?
Commex Technology has negative assets, we can't compare the value of its assets to the IN Software industry average.
Take a look at our analysis of 532342’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Commex Technology's regulatory filings and announcements.
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 Commex Technology 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Commex Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Commex Technology's earnings growth to the India market average as no estimate data is available.
Unable to compare Commex Technology's revenue growth to the India market average as no estimate data is available.
Unable to determine if Commex Technology is high growth as no earnings estimate data is available.
Unable to determine if Commex Technology is high growth as no revenue estimate data is available.
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.
Commex Technology's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Commex Technology's finances.
The net worth of a company is the difference between its assets and liabilities.
Commex Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Commex Technology's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Commex Technology'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Commex Technology has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Jayant Dolatrai Mitra has been the Managing Director at Commex Technology Limited since November 14, 2016 and its Compliance Officer since April 1, 2017. Mr. Mitra is an Information technology veteran with over three decade of varied experience in the fields of Software development, Project Management, Sale & Administration, Customer Relationship Management and Business Development in the Information Technology space. He has successfully managed various state wise e-Governance projects like NREGS, Public Distribution System, Financial Inclusion, Labour Department, Banking and finance, Retail and IT infrastructure Management. He has been a Director of Commex Technology Limited since December 24, 2012 and serves as its Chairman of the Board. Mr. Mitra is a Science Graduate (Physics-Hons) form Mumbai University and holds several certificates in the fields of Cyber law, e-Commerce, Information Security among others.
Jayant's compensation has been consistent with company performance over the past year.
Jayant's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Commex Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Commex Technology Limited, together with its subsidiaries, provides software products and solutions to the capital and commodities markets worldwide. Its products include Xmatch, a set of solutions for facilitating and managing operations necessary for an exchange; Xtrade, a trading solution, which allows the user to watch market prices and execute orders through real time price streaming; and Xact, a browser based clearing and settlement system and a back office solution for exchanges to handle various markets and market segments in a single user interface. The company also provides Xview, a browser based online surveillance system that consists of online and offline monitoring risk management at member level; and XBoss, a multi exchange and multi segment solution that offers functionality for mid and back office operations. In addition, it provides flash based charting solution for intraday, commodity, equity, derivatives, currency, and interest rate futures instruments; and Web based solution for factoring of invoices, which automates the process of bill discounting for banks and financial institutions. Further, the company offers custom application development, application management, package implementation, onsite consultancy, and offshore outsourcing services; and information technology consulting services, such as technology resource consulting, verification, validation, and infrastructure management services to various companies. The company was formerly known as IT People (India) Limited and changed its name to Commex Technology Limited in November 2011. Commex Technology Limited was incorporated in 2000 and is based in Mumbai, India.
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