NZSE:IKE

Stock Analysis Report

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Executive Summary

ikeGPS Group Limited, together with its subsidiaries, designs, markets, and sells integrated GPS data capture devices and related software primarily in the United States. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.9%

IKE

-2.2%

NZ Electronic

-2.7%

NZ Market


1 Year Return

46.2%

IKE

40.7%

NZ Electronic

6.3%

NZ Market

Return vs Industry: IKE exceeded the NZ Electronic industry which returned 40.7% over the past year.

Return vs Market: IKE exceeded the NZ Market which returned 6.3% over the past year.


Shareholder returns

IKEIndustryMarket
7 Day0.9%-2.2%-2.7%
30 Day23.9%9.9%3.3%
90 Day23.9%27.9%4.1%
1 Year48.3%46.2%44.1%40.7%10.5%6.3%
3 Year285.6%280.0%122.1%109.3%44.9%25.9%
5 Year44.6%42.5%172.1%147.0%95.4%47.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: IKE is unprofitable, so we can't compare its PE Ratio to the NZ market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IKE is overvalued based on its PB Ratio (10.7x) compared to the XO Electronic industry average (3.9x).


Next Steps

Future Growth

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

37.2%

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 ikeGPS 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 ikeGPS Group performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IKE is currently unprofitable.

Growing Profit Margin: IKE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IKE is unprofitable, but has reduced losses over the past 5 years at a rate of 11.1% per year.

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

Earnings vs Industry: IKE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-1.8%).


Return on Equity

High ROE: IKE has a negative Return on Equity (-52.42%), as it is currently unprofitable.


Next Steps

Financial Health

How is ikeGPS Group's financial position?


Financial Position Analysis

Short Term Liabilities: IKE's short term assets (NZ$7.5M) exceed its short term liabilities (NZ$4.5M).

Long Term Liabilities: IKE's short term assets (NZ$7.5M) exceed its long term liabilities (NZ$1.0M).


Debt to Equity History and Analysis

Debt Level: IKE is debt free.

Reducing Debt: IKE has not had any debt for past 5 years.


Balance Sheet


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: IKE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IKE has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 11.2% each year.


Next Steps

Dividend

What is ikeGPS Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average board tenure


CEO

Glenn Milnes

no data

Tenure

NZ$793,896

Compensation

Mr. Glenn Milnes, MBA (Dist.), BSc (Hons), B PhD, serves as the Chief Executive Officer and Managing Director of ikeGPS Group Limited. Mr. Milnes serves as an Investment Director at No 8 Ventures Managemen ...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD525.97K) is above average for companies of similar size in the NZ market ($USD366.48K).

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


Board Members

NamePositionTenureCompensationOwnership
Glenn Milnes
CEO, MD & Executive Directorno dataNZ$793.90k0.66%
NZ$ 995.7k
Frederick Lax
Independent Director6.25yrsNZ$67.79k0.29%
NZ$ 429.2k
Mark Ratcliffe
Independent Non-Executive Director0.75yrNZ$12.50k0.12%
NZ$ 186.9k
William Morrow
Independent Non-Executive Director1.75yrsNZ$87.51k0.11%
NZ$ 171.0k
Richard Gordon Christie
Independent Chairman5.42yrsNZ$92.79k0.14%
NZ$ 207.4k
Alex Knowles
Directorno dataNZ$52.79k7.47%
NZ$ 11.2m

3.6yrs

Average Tenure

67yo

Average Age

Experienced Board: IKE's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: ikeGPS Group Limited
  • Ticker: IKE
  • Exchange: NZSE
  • Founded: 2003
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: NZ$149.876m
  • Shares outstanding: 131.47m
  • Website: https://www.ikegps.com

Number of Employees


Location

  • ikeGPS Group Limited
  • 350 Interlocken Boulevard
  • Suite 390
  • Broomfield
  • Colorado
  • 80021
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IKENZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJul 2014
IKEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2014
IKECHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2014

Biography

ikeGPS Group Limited, together with its subsidiaries, designs, markets, and sells integrated GPS data capture devices and related software primarily in the United States. The company operates through Utili ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:36
End of Day Share Price2020/10/30 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.