Liquidity Services
Market Cap
US$337.0m
Last Updated
2020/11/27 23:22 UTC
Data Sources
Company Financials +
Executive Summary
Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. More Details
Rewards
Risk Analysis
No risks detected for LQDT from our risk checks.
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Liquidity Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LQDT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: LQDT's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
LQDT
3.7%
US Online Retail
2.1%
US Market
1 Year Return
36.9%
LQDT
69.7%
US Online Retail
19.8%
US Market
Return vs Industry: LQDT underperformed the US Online Retail industry which returned 69.8% over the past year.
Return vs Market: LQDT exceeded the US Market which returned 19.7% over the past year.
Shareholder returns
| LQDT | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 3.7% | 2.1% |
| 30 Day | 9.7% | -1.3% | 8.1% |
| 90 Day | 23.0% | -0.3% | 6.0% |
| 1 Year | 36.9%36.9% | 69.8%69.7% | 22.5%19.8% |
| 3 Year | 65.0%65.0% | 110.9%110.8% | 46.5%36.8% |
| 5 Year | 39.5%39.5% | 265.7%265.0% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is Liquidity Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Investigate Liquidity Services, Inc. (NASDAQ:LQDT) At US$9.40?4 weeks ago | Simply Wall St
Should Liquidity Services (NASDAQ:LQDT) Be Disappointed With Their 56% Profit?1 month ago | Simply Wall St
Liquidity Services, Inc. (NASDAQ:LQDT) Shares Could Be 31% Below Their Intrinsic Value EstimateValuation
Is Liquidity Services undervalued compared to its fair value and its price relative to the market?
19.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LQDT ($9.9) is trading below our estimate of fair value ($11.85)
Significantly Below Fair Value: LQDT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LQDT is unprofitable, so we can't compare its PE Ratio to the US Online Retail industry average.
PE vs Market: LQDT 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 LQDT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LQDT is good value based on its PB Ratio (3.1x) compared to the US Online Retail industry average (4.6x).
Next Steps
Future Growth
How is Liquidity Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
12.4%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if LQDT's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if LQDT's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LQDT's revenue (12.4% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: LQDT's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LQDT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Liquidity Services performed over the past 5 years?
33.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LQDT is currently unprofitable.
Growing Profit Margin: LQDT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LQDT is unprofitable, but has reduced losses over the past 5 years at a rate of 33.6% per year.
Accelerating Growth: Unable to compare LQDT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LQDT is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (33%).
Return on Equity
High ROE: LQDT has a negative Return on Equity (-13.11%), as it is currently unprofitable.
Next Steps
Financial Health
How is Liquidity Services's financial position?
Financial Position Analysis
Short Term Liabilities: LQDT's short term assets ($94.9M) exceed its short term liabilities ($80.2M).
Long Term Liabilities: LQDT's short term assets ($94.9M) exceed its long term liabilities ($8.4M).
Debt to Equity History and Analysis
Debt Level: LQDT is debt free.
Reducing Debt: LQDT 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: Whilst unprofitable LQDT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LQDT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 41.5% per year.
Next Steps
Dividend
What is Liquidity Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LQDT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LQDT'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 LQDT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LQDT'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 LQDT'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?
1.6yrs
Average management tenure
CEO
Bill Angrick (52 yo)
20.83yrs
Tenure
US$2,286,050
Compensation
Mr. William P. Angrick, III, also known as Bill, is a co-founder of Liquidity Services Inc. (“Liquidity Services”). Mr. Angrick the Chairman of the Board of Directors and Chief Executive Officer of Liquidi...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD2.29M) is about average for companies of similar size in the US market ($USD1.79M).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 20.83yrs | US$2.29m | 20.59% $ 69.4m | |
| Executive VP & CFO | 5.25yrs | US$1.06m | 0.19% $ 644.7k | |
| VP, General Counsel & Corporate Secretary | 4.33yrs | US$778.30k | 0.063% $ 213.9k | |
| Senior Advisor | 0.83yr | US$689.55k | 0.18% $ 616.7k | |
| Senior Advisor | 1.5yrs | US$1.20m | no data | |
| Executive VP & Chief Commercial Officer | 1.58yrs | US$879.49k | 0.17% $ 581.0k | |
| Chief Technology Officer | no data | no data | 0.055% $ 185.6k | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | no data | no data | 0.055% $ 184.8k | |
| Chief Human Resources Officer | 0.83yr | no data | 0.0056% $ 19.0k |
1.6yrs
Average Tenure
54yo
Average Age
Experienced Management: LQDT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 20.83yrs | US$2.29m | 20.59% $ 69.4m | |
| Independent Lead Director | 7.25yrs | US$147.50k | 0.20% $ 679.5k | |
| Independent Director | 6.5yrs | US$149.50k | 0.19% $ 650.5k | |
| Independent Director | 16.17yrs | US$147.50k | 0.17% $ 576.5k | |
| Independent Director | 10.5yrs | US$155.00k | 0.091% $ 305.5k | |
| Director | 20.58yrs | US$140.00k | 2.32% $ 7.8m | |
| Independent Director | 5yrs | US$142.00k | 0.17% $ 582.8k | |
| Independent Director | 0.83yr | no data | no data |
8.9yrs
Average Tenure
60.5yo
Average Age
Experienced Board: LQDT's board of directors are considered experienced (8.9 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
Liquidity Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Liquidity Services, Inc.
- Ticker: LQDT
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: US$337.046m
- Shares outstanding: 34.05m
- Website: https://www.liquidityservices.com
Number of Employees
Location
- Liquidity Services, Inc.
- 6931 Arlington Road
- Suite 200
- Bethesda
- Maryland
- 20814
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LQDT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2006 |
| L1S | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2006 |
Biography
Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company’s marketplaces inc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 23:22 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/09/30 |
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.