OTCPK:ARHH

Stock Analysis Report

Executive Summary

Assure Holdings Corp., together with its subsidiaries, delivers technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries.

Snowflake

Fundamentals

Adequate balance sheet and slightly overvalued.

Risks

  • Assure Holdings has significant price volatility in the past 3 months.
  • Assure Holdings is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

OTCPK:ARHH

0.6%

US Healthcare

1.1%

US Market


1 Year Return

-9.7%

OTCPK:ARHH

-7.7%

US Healthcare

2.1%

US Market

ARHH underperformed the Healthcare industry which returned -8.2% over the past year.

ARHH underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

ARHHIndustryMarket
7 Day1.8%0.6%1.1%
30 Day29.2%-0.9%3.7%
90 Day34.7%0.02%2.3%
1 Year-9.7%-9.7%-6.3%-7.7%4.4%2.1%
3 Yearn/a31.5%26.2%47.0%37.4%
5 Yearn/a65.6%55.8%61.6%43.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Assure Holdings undervalued based on future cash flows and its price relative to the stock market?

14.9x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Assure Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Assure Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Assure Holdings is good value based on earnings compared to the US Healthcare industry average.

Assure Holdings is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Assure Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Assure Holdings is overvalued based on assets compared to the US Healthcare industry average.


Next Steps

Future Growth

How is Assure Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Assure Holdings is high growth as no revenue estimate data is available.

Assure Holdings's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Assure Holdings's revenue growth to the United States of America market average as no estimate data is available.

Assure Holdings's earnings growth is positive but not above the United States of America market average.

Assure Holdings's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Assure Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Assure Holdings performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Assure Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Assure Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Assure Holdings has become profitable in the last year making it difficult to compare the US Healthcare industry average.


Return on Equity

Assure Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Assure Holdings used its assets more efficiently than the US Healthcare industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Assure Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Assure Holdings's financial position?


Financial Position Analysis

Assure Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Assure Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Assure Holdings's level of debt (14.6%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Assure Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Assure Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 20.3x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Assure Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Assure Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Assure Holdings has not reported any payouts.

Unable to verify if Assure Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Assure Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

John Farlinger (60yo)

1.3yrs

Tenure

US$13,224

Compensation

Mr. John Allen Farlinger, CA, has been Executive Chairman of Assure Holdings Corp. since May 15, 2018 and has been its Chief Executive Officer since August 28, 2019. Mr. Farlinger served as Interim Chief E ...


CEO Compensation Analysis

John's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for John to compare compensation growth.


Management Age and Tenure

1.1yrs

Average Tenure

58yo

Average Age

The average tenure for the Assure Holdings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

57.5yo

Average Age

The average tenure for the Assure Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Assure Holdings individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$25,00028 Aug 19
Preston Parsons
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares500,000
Max PriceUS$0.05
BuyUS$9,31207 Jun 19
John Farlinger
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares10,000
Max PriceUS$0.93
SellUS$279,34606 Jun 19
Preston Parsons
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares300,000
Max PriceUS$0.93
SellUS$116,39406 Jun 19
Alex Rasmussen
EntityIndividual
Role
Chief Operating Officer
Executive Vice President of Operations
Shares125,000
Max PriceUS$0.93
SellUS$11,14410 May 19
Preston Parsons
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares10,000
Max PriceUS$1.12
SellUS$24,30317 Jan 19
Alex Rasmussen
EntityIndividual
Role
Chief Operating Officer
Executive Vice President of Operations
Shares15,500
Max PriceUS$1.62
BuyUS$93,18217 Dec 18
Christopher Rumana
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceUS$0.93
SellUS$324,27414 Dec 18
Preston Parsons
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares348,000
Max PriceUS$0.93
BuyUS$44,83014 Dec 18
Martin Burian
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares48,000
Max PriceUS$0.93
BuyUS$46,96504 Dec 18
John Farlinger
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares50,000
Max PriceUS$0.94

Ownership Breakdown


Management Team

  • Trent Carman (58yo)

    Chief Financial Officer

    • Tenure: 0.9yrs
  • Alex Rasmussen

    Executive Vice President of Operations

    • Tenure: 1.7yrs
  • John Farlinger (60yo)

    Executive Chairman & CEO

    • Tenure: 1.3yrs
    • Compensation: US$13.22k
  • Preston Parsons (40yo)

    Founder & Director

    • Tenure: 2.3yrs
    • Compensation: US$280.85k
  • Paul Webster

    Vice President of Strategy

    • Tenure: 0.7yrs

Board Members

  • Scott Page (60yo)

    Director

    • Tenure: 0.8yrs
  • John Farlinger (60yo)

    Executive Chairman & CEO

    • Tenure: 1.3yrs
    • Compensation: US$13.22k
  • Martin Burian (55yo)

    Independent Director

    • Tenure: 2.3yrs
  • Christopher Rumana

    Independent Director

    • Tenure: 0.8yrs
  • Preston Parsons (40yo)

    Founder & Director

    • Tenure: 2.3yrs
    • Compensation: US$280.85k

Company Information

Assure Holdings Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Assure Holdings Corp.
  • Ticker: ARHH
  • Exchange: OTCPK
  • Founded:
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: CA$74.437m
  • Listing Market Cap: CA$56.179m
  • Shares outstanding: 34.15m
  • Website: https://www.assureneuromonitoring.com

Number of Employees


Location

  • Assure Holdings Corp.
  • 4600 South Ulster Street
  • Suite 1225
  • Denver
  • Colorado
  • 80237
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IOMTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2017
14GDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2017
ARHHOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2017

Biography

Assure Holdings Corp., together with its subsidiaries, delivers technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. The c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:43
End of Day Share Price2019/09/16 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.