| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
LQDT Overview
Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment.
Liquidity Services Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.00 |
| 52 Week High | US$6.63 |
| 52 Week Low | US$30.00 |
| Beta | 1.13 |
| 1 Month Change | 5.96% |
| 3 Month Change | 14.45% |
| 1 Year Change | 247.32% |
| 3 Year Change | 287.10% |
| 5 Year Change | 130.55% |
| Change since IPO | 95.28% |
Recent News & Updates
Shareholder Returns
| LQDT | US Online Retail | US Market | |
|---|---|---|---|
| 7D | -1.2% | -1.3% | -0.6% |
| 1Y | 247.3% | -0.2% | 33.6% |
Return vs Industry: LQDT exceeded the US Online Retail industry which returned -0.4% over the past year.
Return vs Market: LQDT exceeded the US Market which returned 33.7% over the past year.
Price Volatility
| LQDT volatility | |
|---|---|
| LQDT Beta | 1.13 |
| Industry Beta | 1.09 |
| Market Beta | 1 |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 574 | Bill Angrick | https://www.liquidityservices.com |
Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment. The company’s marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; govdeals.com provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets, as well as offers asset sales and marketing services; and AllSurplus.com, a centralized marketplace that connects global buyer base with assets from across the network of legacy marketplaces in a single destination, as well as also serves as heavy equipment vertical. 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, 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.
Liquidity Services Fundamentals Summary
| LQDT fundamental statistics | |
|---|---|
| Market Cap | US$850.57m |
| Earnings (TTM) | US$23.64m |
| Revenue (TTM) | US$243.09m |
36.0x
P/E Ratio3.5x
P/S RatioIs LQDT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LQDT income statement (TTM) | |
|---|---|
| Revenue | US$243.09m |
| Cost of Revenue | US$100.23m |
| Gross Profit | US$142.87m |
| Expenses | US$119.23m |
| Earnings | US$23.64m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 58.77% |
| Net Profit Margin | 9.72% |
| Debt/Equity Ratio | 0% |
How did LQDT perform over the long term?
See historical performance and comparisonValuation
Is Liquidity Services undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LQDT ($24) is trading below our estimate of fair value ($328.25)
Significantly Below Fair Value: LQDT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LQDT is poor value based on its PE Ratio (36x) compared to the US Online Retail industry average (30.2x).
PE vs Market: LQDT is poor value based on its PE Ratio (36x) compared to the US market (17.8x).
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 overvalued based on its PB Ratio (7.3x) compared to the US Online Retail industry average (4.9x).
Future Growth
How is Liquidity Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.8%
Forecasted Retail 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 Liquidity Services 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.
Past Performance
How has Liquidity Services performed over the past 5 years?
52.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LQDT has high quality earnings.
Growing Profit Margin: LQDT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: LQDT has become profitable over the past 5 years, growing earnings by 52.7% per year.
Accelerating Growth: LQDT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LQDT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Online Retail industry (62%).
Return on Equity
High ROE: LQDT's Return on Equity (20.3%) is considered high.
Financial Health
How is Liquidity Services's financial position?
Financial Position Analysis
Short Term Liabilities: LQDT's short term assets ($139.5M) exceed its short term liabilities ($110.0M).
Long Term Liabilities: LQDT's short term assets ($139.5M) exceed its long term liabilities ($11.8M).
Debt to Equity History and Analysis
Debt Level: LQDT is debt free.
Reducing Debt: LQDT has not had any debt for past 5 years.
Debt Coverage: LQDT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LQDT has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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?
2.4yrs
Average management tenure
CEO
Bill Angrick (53 yo)
21.67yrs
Tenure
US$2,492,510
Compensation
Mr. William P. Angrick, III, also known as Bill, is a co-founder of Liquidity Services Inc. (“Liquidity Services”). Mr. Angrick the Chairman of the Board of Directors and Chief Executive Officer of Liquidi...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD2.49M) is about average for companies of similar size in the US market ($USD2.33M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: LQDT's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: LQDT's board of directors are considered experienced (9.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LQDT insiders have only sold shares 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 4.1%.
Top Shareholders
Company Information
Liquidity Services, Inc.'s 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$850.571m
- Shares outstanding: 35.44m
- Website: https://www.liquidityservices.com
Number of Employees
Location
- Liquidity Services, Inc.
- 6931 Arlington Road
- Suite 200
- Bethesda
- Maryland
- 20814
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 22:49 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/09/30 |
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.