NasdaqCM:GRSH

Stock Analysis Report

Executive Summary

Gores Holdings III, Inc. does not have significant operations.

Snowflake

Fundamentals

Questionable track record with weak fundamentals.

Share Price & News

How has Gores Holdings III's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GRSH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

GRSH

0.6%

US Capital Markets

0.3%

US Market


1 Year Return

5.9%

GRSH

8.1%

US Capital Markets

12.5%

US Market

Return vs Industry: GRSH underperformed the US Capital Markets industry which returned 8.1% over the past year.

Return vs Market: GRSH underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

GRSHIndustryMarket
7 Day0.1%0.6%0.3%
30 Day1.5%6.0%4.1%
90 Day1.6%6.8%5.6%
1 Year5.9%5.9%10.5%8.1%15.0%12.5%
3 Yearn/a42.3%34.1%49.1%39.4%
5 Yearn/a74.6%58.4%62.8%44.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Gores Holdings III undervalued compared to its fair value and its price relative to the market?

78.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GRSH ($10.22) is trading above our estimate of fair value ($0.98)

Significantly Below Fair Value: GRSH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GRSH is poor value based on its PE Ratio (78.2x) compared to the Capital Markets industry average (39.7x).

PE vs Market: GRSH is poor value based on its PE Ratio (78.2x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GRSH is overvalued based on its PB Ratio (101.1x) compared to the US Capital Markets industry average (6.6x).


Next Steps

Future Growth

How is Gores Holdings III forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRSH's earnings are forecast to decline over the next 3 years (-9.9% per year).

Earnings vs Market: GRSH's earnings are forecast to decline over the next 3 years (-9.9% per year).

High Growth Earnings: GRSH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if GRSH's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if GRSH's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Gores Holdings III performed over the past 5 years?

542.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GRSH has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if GRSH's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if GRSH's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare GRSH's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: GRSH earnings growth over the past year (542.4%) exceeded the Capital Markets industry 21%.


Return on Equity

High ROE: GRSH's Return on Equity (100.4%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Gores Holdings III's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if GRSH's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: GRSH's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if GRSH has a sufficient allowance for bad loans.

Low Risk Liabilities: GRSH reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GRSH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GRSH has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GRSH has an appropriate level of bad loans.


Next Steps

Dividend

What is Gores Holdings III's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

What is the CEO of Gores Holdings III's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average board tenure


CEO

Mark Stone (55yo)

2.1yrs

Tenure

0

Mr. Mark R. Stone has been the Chief Executive Officer of Gores Holdings II, Inc. since August 2016. Mr. Stone has been Chief Executive Officer of Gores Holdings III, Inc. since October 2017. He serves as  ...


Board Age and Tenure

1.2yrs

Average Tenure

66yo

Average Age

Experienced Board: GRSH's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 159.5%.


Management Team

  • Mark Stone (55yo)

    Chief Executive Officer

    • Tenure: 2.1yrs
  • Andrew McBride (38yo)

    CFO & Secretary

    • Tenure: 2.1yrs

Board Members

  • Alec Gores (66yo)

    Chairman

    • Tenure: 2.1yrs
  • Randy Bort

    Independent Director

    • Tenure: 1.2yrs
  • Bill Patton (73yo)

    Independent Director

    • Tenure: 1.2yrs
  • Jeff Rea (54yo)

    Independent Director

    • Tenure: 1.2yrs

Company Information

Gores Holdings III, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Gores Holdings III, Inc.
  • 9800 Wilshire Boulevard
  • Beverly Hills
  • California
  • 90212
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRSH.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDSep 2018
GRSHNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDOct 2018

Biography

Gores Holdings III, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 00:39
End of Day Share Price2019/11/11 00:00
Earnings2019/06/30
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.