NasdaqCM:PIXY

Stock Analysis Report

Executive Summary

ShiftPixy, Inc. provides employment administrative services for businesses; and workers in shift or other part-time/temporary jobs in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-17.6%

PIXY

5.0%

US Professional Services

5.3%

US Market


1 Year Return

-87.7%

PIXY

-7.0%

US Professional Services

-10.7%

US Market

Return vs Industry: PIXY underperformed the US Professional Services industry which returned -7% over the past year.

Return vs Market: PIXY underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

PIXYIndustryMarket
7 Day-17.6%5.0%5.3%
30 Day-23.6%-16.6%-13.6%
90 Day-34.3%-17.6%-19.8%
1 Year-87.7%-87.7%-6.2%-7.0%-8.9%-10.7%
3 Yearn/a22.3%18.5%15.5%8.0%
5 Yearn/a38.5%31.0%35.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether ShiftPixy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as ShiftPixy 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.


Next Steps

Future Growth

How is ShiftPixy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

31.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PIXY is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PIXY is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PIXY is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PIXY's revenue is expected to decline over the next 3 years (-21.7% per year).

High Growth Revenue: PIXY's revenue is forecast to decline over the next 3 years (-21.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PIXY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ShiftPixy performed over the past 5 years?

-51.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIXY is currently unprofitable.

Growing Profit Margin: PIXY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PIXY is unprofitable, and losses have increased over the past 5 years at a rate of -51.9% per year.

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

Earnings vs Industry: PIXY is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (13.9%).


Return on Equity

High ROE: PIXY's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is ShiftPixy's financial position?


Financial Position Analysis

Short Term Liabilities: PIXY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PIXY has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PIXY has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PIXY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: PIXY has a low level of unsold assets or inventory.

Debt Coverage by Assets: PIXY has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: PIXY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PIXY has less than a year of cash runway if free cash flow continues to reduce at historical rates of -28.9% each year


Next Steps

Dividend

What is ShiftPixy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Scott Absher (58yo)

4.83s

Tenure

US$750,000

Compensation

Mr. Scott W. Absher is Chief Executive Officer, President and Chairman of Board at ShiftPixy, Inc. since June 2015. He is Co-Founder of ShiftPixy, Inc. Mr. Absher had been Chief Operating Officer and Secre ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD750.00K) is about average for companies of similar size in the US market ($USD605.16K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Scott Absher
Co-Founder4.83yrsUS$750.00k30.64% $2.0m
Domonic Carney
Chief Financial Officer0.67yrUS$161.53kno data
J. Holmes
Co-Founderno datano data28.9% $1.9m
Amanda Murphy
Director of Operations & Executive Director0.17yrno datano data
Doug Moss
Chief Technology Officer1yrno datano data
Kirk Flagg
Chief Compliance Officer & Secretary1.17yrsno datano data

1.1yrs

Average Tenure

53yo

Average Age

Experienced Management: PIXY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Scott Absher
Co-Founder4.83yrsUS$750.00k30.64% $2.0m
Amanda Murphy
Director of Operations & Executive Director0.17yrno datano data
Christopher Sebes
Independent Director0.17yrno datano data
Kenneth Weaver
Independent Director3.33yrsUS$166.00k0.50% $32.4k
Whitney White
Independent Director2.58yrsUS$128.00k0.15% $9.6k

1.4yrs

Average Tenure

58yo

Average Age

Experienced Board: PIXY's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 17.2%.


Top Shareholders

Company Information

ShiftPixy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ShiftPixy, Inc.
  • Ticker: PIXY
  • Exchange: NasdaqCM
  • Founded: 2015
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$6.528m
  • Shares outstanding: 1.22m
  • Website: https://www.shiftpixy.com

Number of Employees


Location

  • ShiftPixy, Inc.
  • 1 Venture
  • Suite 150
  • Irvine
  • California
  • 92618
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIXYNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2017
19UDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2017

Biography

ShiftPixy, Inc. provides employment administrative services for businesses; and workers in shift or other part-time/temporary jobs in the United States. The company also operates as a payroll processor, human resources consultant, and administrator of workers’ compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries. The company was founded in 2015 and is headquartered in Irvine, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 03:35
End of Day Share Price2020/03/31 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.