Liquidity Services
Market Cap
US$149.2m
Last Updated
2020/02/19 00:39 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.
Snowflake Analysis
Flawless balance sheet and 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.3%
LQDT
-0.2%
US Online Retail
0.06%
US Market
1 Year Return
-35.6%
LQDT
27.7%
US Online Retail
19.4%
US Market
Return vs Industry: LQDT underperformed the US Online Retail industry which returned 27.7% over the past year.
Return vs Market: LQDT underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| LQDT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -0.2% | 0.06% |
| 30 Day | -23.6% | 6.5% | 1.1% |
| 90 Day | -27.8% | 20.8% | 8.9% |
| 1 Year | -35.6%-35.6% | 27.8%27.7% | 21.9%19.4% |
| 3 Year | -45.3%-45.3% | 108.4%108.1% | 48.9%39.3% |
| 5 Year | -54.8%-54.8% | 218.8%204.6% | 71.9%53.1% |
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
5 days ago | Simply Wall St
Imagine Owning Liquidity Services (NASDAQ:LQDT) While The Price Tanked 51%3 weeks ago | Simply Wall St
Liquidity Services (NASDAQ:LQDT) Is In A Good Position To Deliver On Growth Plans1 month ago | Simply Wall St
Does The Liquidity Services, Inc. (NASDAQ:LQDT) Share Price Fall With The Market?Valuation
Is Liquidity Services undervalued compared to its fair value and its price relative to the market?
1.36x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LQDT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LQDT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LQDT is unprofitable, so we can't compare its PE Ratio to the 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 (1.4x) compared to the US Online Retail industry average (3x).
Next Steps
Future Growth
How is Liquidity Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
6.9%
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 (1.7%).
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 (6.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: LQDT's revenue (6.9% 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?
25.9%
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 25.9% 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 (15%).
Return on Equity
High ROE: LQDT has a negative Return on Equity (-17.28%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Liquidity Services's financial position?
Financial Position Analysis
Short Term Liabilities: LQDT's short term assets ($70.5M) exceed its short term liabilities ($57.3M).
Long Term Liabilities: LQDT's short term assets ($70.5M) exceed its long term liabilities ($9.5M).
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
Inventory Level: LQDT has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if LQDT'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: LQDT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LQDT has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of -45.8% each year.
Next Steps
Dividend
What is Liquidity Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate LQDT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LQDT'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 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?
2.6yrs
Average management tenure
CEO
Bill Angrick (51yo)
20.1yrs
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 above average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 20.1yrs | US$2.29m | 15.64% $23.3m | |
| Executive VP & CFO | 4.5yrs | US$1.06m | 0.19% $277.9k | |
| VP, General Counsel & Corporate Secretary | 3.6yrs | US$778.30k | 0.052% $77.6k | |
| Vice President of Human Resources | 8.1yrs | US$689.55k | 0.18% $273.5k | |
| Senior Advisor | 0.8yrs | US$1.20m | no data | |
| Executive VP & Chief Commercial Officer | 0.8yrs | US$879.49k | 0.14% $216.0k | |
| VP & Chief Accounting Officer | 1.7yrs | no data | no data | |
| Senior Director of Investor Relations | 0yrs | no data | no data | |
| Vice President of Marketing | 0yrs | no data | 0.030% $44.6k | |
| Chief Technology Officer - Bethesda | 0.5yrs | no data | no data |
2.6yrs
Average Tenure
53yo
Average Age
Experienced Management: LQDT's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 20.1yrs | US$2.29m | 15.64% $23.3m | |
| Lead Director | 6.5yrs | US$147.50k | 0.20% $301.3k | |
| Independent Director | 5.8yrs | US$149.50k | 0.19% $288.4k | |
| Independent Director | 15.4yrs | US$147.50k | 0.17% $255.6k | |
| Independent Director | 9.8yrs | US$155.00k | 0.15% $216.7k | |
| Director | 19.8yrs | US$140.00k | 2.15% $3.2m | |
| Independent Director | 4.3yrs | US$142.00k | 0.16% $236.5k | |
| Independent Director | 0.08yrs | no data | no data |
8.1yrs
Average Tenure
59.5yo
Average Age
Experienced Board: LQDT's board of directors are considered experienced (8.1 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 been diluted in the past year, with total shares outstanding growing by 2.8%.
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$149.211m
- Shares outstanding: 33.99m
- 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 include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com and auctionDeals.com provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, including city, county, state agencies, as well as commercial businesses located in the United States and Canada to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing. It also operates networkintl.com, which enables corporations to sell idle, surplus, and scrap equipment in the oil and gas, petrochemical, and power generation industries; go-dove.com marketplace for corporations located in the United States, Europe, and Asia to sell manufacturing surplus and salvage capital assets, and scrap material; secondipity.com that provides consumers a source of products through donating a portion of the proceeds of sale to charity; and machinio.com, a search engine for used machinery and equipment. The company’s marketplaces provide professional buyers access to supply of new, surplus, and scrap assets presented with digital images and other relevant product information; and enable corporate and government sellers to enhance their financial return on assets offered for sale by providing a liquid marketplace and value-added services. It offers approximately 500 product categories in industry verticals, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment, and specialty equipment. The company was founded in 1999 and is headquartered in Bethesda, Maryland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:39 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/12/31 |
| 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.