OTCPK:TAPM.D

Stock Analysis Report

Executive Summary

Tapinator, Inc. develops and publishes mobile games and applications on the iOS, Google Play, and Amazon platforms in North America, Europe, and Asia.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-26.4%

TAPM.D

2.2%

US Entertainment

5.3%

US Market


1 Year Return

-37.9%

TAPM.D

-1.8%

US Entertainment

-10.7%

US Market

Return vs Industry: TAPM.D underperformed the US Entertainment industry which returned -2.1% over the past year.

Return vs Market: TAPM.D underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

TAPM.DIndustryMarket
7 Day-26.4%2.2%5.3%
30 Day-28.0%-7.5%-13.6%
90 Day-72.5%-11.5%-19.8%
1 Year-37.9%-37.9%-1.2%-1.8%-8.9%-10.7%
3 Year-83.1%-83.1%30.0%25.8%15.5%8.0%
5 Year-92.5%-92.5%66.0%55.8%35.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TAPM.D is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: TAPM.D is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TAPM.D is good value based on its PB Ratio (2x) compared to the US Entertainment industry average (2x).


Next Steps

Future Growth

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

12.4%

Forecasted Media 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 Tapinator 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

  • Examine Tapinator's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Tapinator's filings and announcements here.
  • Explore growth companies in the Media industry.

Past Performance

How has Tapinator performed over the past 5 years?

-20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAPM.D is currently unprofitable.

Growing Profit Margin: TAPM.D is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TAPM.D is unprofitable, and losses have increased over the past 5 years at a rate of -20.6% per year.

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

Earnings vs Industry: TAPM.D is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (10.3%).


Return on Equity

High ROE: TAPM.D has a negative Return on Equity (-286.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tapinator's financial position?


Financial Position Analysis

Short Term Liabilities: TAPM.D's short term assets ($767.9K) exceed its short term liabilities ($712.6K).

Long Term Liabilities: TAPM.D's short term assets ($767.9K) exceed its long term liabilities ($239.2K).


Debt to Equity History and Analysis

Debt Level: TAPM.D is debt free.

Reducing Debt: TAPM.D has no debt compared to 5 years ago when its debt to equity ratio was 17.4%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if TAPM.D'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: TAPM.D has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TAPM.D has less than a year of cash runway if free cash flow continues to reduce at historical rates of -10.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TAPM.D'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 TAPM.D'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?

4.7yrs

Average management tenure


CEO

Ilya Nikolayev (35yo)

5.67s

Tenure

US$594,099

Compensation

Mr. Ilya Nikolayev serves as the Executive Chairman and Chief Executive Officer of Tapinator, Inc. since June 16, 2014. Mr. Nikolayev is a Co-Founder of InAppFuel, Inc. He co-founded LiveFamily Inc. (also  ...


CEO Compensation Analysis

Compensation vs Market: Ilya's total compensation ($USD594.10K) is about average for companies of similar size in the US market ($USD602.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ilya Nikolayev
Executive Chairman & CEO5.67yrsUS$594.10k13.2% $216.8k
Andrew Merkatz
President4.67yrsUS$594.10k5.67% $93.1k
Brian Chan
VP of Finance & Accounting and Secretary4yrsUS$94.21kno data

4.7yrs

Average Tenure

40yo

Average Age

Experienced Management: TAPM.D's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ilya Nikolayev
Executive Chairman & CEO5.67yrsUS$594.10k13.2% $216.8k
Andrew Merkatz
President4.67yrsUS$594.10k5.67% $93.1k
Desmond Glass
Independent Director0.25yrUS$10.46kno data
Teymour Farman-Farmaian
Independent Director4.25yrsUS$34.23k0.79% $13.0k

4.5yrs

Average Tenure

50yo

Average Age

Experienced Board: TAPM.D's board of directors are considered experienced (4.5 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Tapinator, Inc.
  • Ticker: TAPM.D
  • Exchange: OTCPK
  • Founded: 2013
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: US$1.642m
  • Shares outstanding: 551.01k
  • Website: https://www.tapinator.com

Number of Employees


Location

  • Tapinator, Inc.
  • 110 West 40th Street
  • Suite 1902
  • New York
  • New York
  • 10018
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAPM.DOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2014

Biography

Tapinator, Inc. develops and publishes mobile games and applications on the iOS, Google Play, and Amazon platforms in North America, Europe, and Asia. Its portfolio includes approximately 300 mobile gaming titles, such as Video Poker Classic, Solitaire Dash, and Crypto Trillionaire. The company was founded in 2013 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 01:39
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.