Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide.
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Flawless balance sheet and fair value.
Share Price & News
How has Subex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SUBEX's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SUBEX exceeded the Indian Software industry which returned -48.2% over the past year.
Return vs Market: SUBEX underperformed the Indian Market which returned -29.6% over the past year.
Price Volatility Vs. Market
How volatile is Subex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StTrade Alert: The Head of Global Support Of Subex Limited (NSE:SUBEX), Renji George, Has Just Spent ₹225k Buying Shares
3 weeks ago | Simply Wall StInvestors Who Bought Subex (NSE:SUBEX) Shares Five Years Ago Are Now Down 48%
1 month ago | Simply Wall StHave Insiders Been Selling Subex Limited (NSE:SUBEX) Shares?
Is Subex undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SUBEX (₹3.15) is trading below our estimate of fair value (₹15.86)
Significantly Below Fair Value: SUBEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SUBEX is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: SUBEX is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SUBEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SUBEX is good value based on its PB Ratio (0.2x) compared to the IN Software industry average (0.7x).
How is Subex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Subex 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.
- Examine whether Subex is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Subex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has Subex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUBEX is currently unprofitable.
Growing Profit Margin: SUBEX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SUBEX is unprofitable, and losses have increased over the past 5 years at a rate of -30% per year.
Accelerating Growth: Unable to compare SUBEX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SUBEX is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-4%).
Return on Equity
High ROE: SUBEX has a negative Return on Equity (-36.31%), as it is currently unprofitable.
How is Subex's financial position?
Financial Position Analysis
Short Term Liabilities: SUBEX's short term assets (₹2.0B) exceed its short term liabilities (₹911.1M).
Long Term Liabilities: SUBEX's short term assets (₹2.0B) exceed its long term liabilities (₹711.2M).
Debt to Equity History and Analysis
Debt Level: SUBEX is debt free.
Reducing Debt: SUBEX has no debt compared to 5 years ago when its debt to equity ratio was 499.8%.
Inventory Level: SUBEX has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SUBEX's debt is covered by short term assets.
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: Whilst unprofitable SUBEX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SUBEX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.1% per year.
What is Subex's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SUBEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SUBEX'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 SUBEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SUBEX'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 SUBEX's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vinod Padmanabhan (49yo)
Mr. Vinod Kumar Padmanabhan, B.Tech, has been Managing Director and Chief Executive Officer of Subex Ltd. since April 1, 2018. Mr. Padmanabhan served as the Chief Operating Officer at Subex Limited until A ...
CEO Compensation Analysis
Compensation vs Market: Vinod's total compensation ($USD75.66K) is above average for companies of similar size in the Indian market ($USD48.22K).
Compensation vs Earnings: Vinod's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||2yrs||₹5.70m||0.0035% ₹60.2k|
|Chief Financial Officer||1.42yrs||₹9.08m||no data|
|Company Secretary & Compliance Officer||no data||₹3.24m||no data|
|COO & Whole-Time Director||0.17yr||₹10.46m||no data|
|General Counsel||0.83yr||no data||no data|
|Chief Human Resources Officer||no data||no data||0.000020% ₹347.0|
|Head of Sales for EMEA & APAC||2.25yrs||no data||no data|
|Head of IoT Security||2.25yrs||no data||no data|
|VP & Global Head - Managed Services||3.67yrs||no data||no data|
|Head of Global Support||5yrs||no data||0.13% ₹2.2m|
Experienced Management: SUBEX's management team is considered experienced (2.1 years average tenure).
|MD, CEO & Director||2yrs||₹5.70m||0.0035% ₹60.2k|
|COO & Whole-Time Director||0.17yr||₹10.46m||no data|
|Independent Director||0.92yr||no data||no data|
|Independent Chairman of the Board||2.92yrs||₹2.40m||0.011% ₹188.9k|
|Independent Director||5.08yrs||₹1.40m||no data|
|Independent Director||3.08yrs||₹1.80m||no data|
Experienced Board: SUBEX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SUBEX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.
Subex Limited's company bio, employee growth, exchange listings and data sources
- Name: Subex Limited
- Ticker: SUBEX
- Exchange: NSEI
- Founded: 1992
- Industry: Application Software
- Sector: Software
- Market Cap: ₹1.735b
- Shares outstanding: 550.80m
- Website: https://www.subex.com
Number of Employees
- Subex Limited
- RMZ Ecoworld
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|532348||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Nov 2002|
|SUBEX||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Nov 2002|
|SUBX||LSE (London Stock Exchange)||GDR EACH REPR 1 SHS 'REG S'||GB||USD||May 2006|
|SUBXL||BATS-CHIXE (BATS 'Chi-X Europe')||GDR EACH REPR 1 SHS 'REG S'||GB||INR||May 2006|
Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide. It offers revenue management solutions, including ROC Revenue Assurance, a solution used for the needs of mobile and fixed line CSPs, analog data networks, digital data service providers, and triple/quad play enterprises; and ROC Fraud Management solution that detects fraudulent activities on the network, and ensures the system gets integrated with the ecosystem. The company also provides network management solutions, which comprise ROC Network Asset Management solution that offers a framework to audit network assets, evaluate inventory, and makes a business case for network upgradation, as well as a view of network assets and inventory to optimize opex and capex; and ROC Capacity Management, a solution, which gleans insights from network capacity trends, correlates capacity issues, simulates congestion points due to external events, and forecasts lead time for capacity exhaustion scenarios. In addition, it provides partner management solutions consisting of ROC Partner Management, a solution that facilitates in swift partner onboarding, partner self-care, revenue visibility, and communication between the company and its partners; ROC Route Optimization solution, which processes from dial code/destination operator rate imports to switch updates, and offers visibility and control of critical processes; and ROC Partner Settlement, a solution that provides a view of interconnect agreements in managing revenue and margins across the partner ecosystem. Further, Subex Limited provides Internet of Things security, a solution for security coverage from real-time discovery and monitoring to response and recovery; and managed, and consulting and advisory services. The company was formerly known as Subex Azure Limited and changed its name to Subex Limited in December 2007. Subex Limited was founded in 1992 and is headquartered in Bengaluru, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 12:55|
|End of Day Share Price||2020/04/01 00:00|
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.