NasdaqGS:LQDT

Stock Analysis Report

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Executive Summary

Liquidity Services, Inc. provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


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 more volatile than 75% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: LQDT's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

1.8%

LQDT

-3.8%

US Online Retail

-2.4%

US Market


1 Year Return

278.6%

LQDT

52.7%

US Online Retail

31.2%

US Market

Return vs Industry: LQDT exceeded the US Online Retail industry which returned 52.7% over the past year.

Return vs Market: LQDT exceeded the US Market which returned 31.2% over the past year.


Shareholder returns

LQDTIndustryMarket
7 Day1.8%-3.8%-2.4%
30 Day-22.6%-10.5%-3.0%
90 Day61.4%-4.3%3.2%
1 Year278.6%278.6%52.9%52.7%34.1%31.2%
3 Year125.0%125.0%63.1%62.9%48.1%38.6%
5 Year222.4%222.4%294.4%293.5%116.5%92.3%

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

Valuation

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 ($16.09) is trading below our estimate of fair value ($113.8)

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 (90.9x) compared to the US Online Retail industry average (28.4x).

PE vs Market: LQDT is poor value based on its PE Ratio (90.9x) compared to the US market (21x).


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's PB Ratio (4.7x) is in line with the US Online Retail industry average.


Next Steps

Future Growth

How is Liquidity Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.3%

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%).

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 (9.3% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: LQDT's revenue (9.3% 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?

38.3%

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 38.3% 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 (64.6%).


Return on Equity

High ROE: LQDT's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Liquidity Services's financial position?


Financial Position Analysis

Short Term Liabilities: LQDT's short term assets ($100.9M) exceed its short term liabilities ($77.3M).

Long Term Liabilities: LQDT's short term assets ($100.9M) exceed its long term liabilities ($12.9M).


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


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?

1.9yrs

Average management tenure


CEO

Bill Angrick (52 yo)

21.17yrs

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 ($USD2.49M) is above average for companies of similar size in the US market ($USD1.47M).

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


Leadership Team

NamePositionTenureCompensationOwnership
William Angrick
Co-founder21.17yrsUS$2.49m20.52%
$ 115.3m
Jorge Celaya
Chief Financial Officer5.58yrsUS$1.26m0.35%
$ 2.0m
Steven Weiskircher
Chief Technology Officer1.58yrsUS$856.86k0.20%
$ 1.1m
Mark Shaffer
Chief Legal Officer & Corporate Secretary4.67yrsUS$805.99k0.16%
$ 897.9k
John Daunt
Executive VP & Chief Commercial Officer1.92yrsUS$948.54k0.19%
$ 1.1m
Julie Davis
Senior Director of Investor Relationsno datano datano data
Nicholas Rozdilsky
Chief Marketing Officerno datano data0.071%
$ 401.0k
Novelette Murray
Chief Human Resources Officer0.42yrno data0.024%
$ 136.2k
Roger Gravley
Senior Advisor1.83yrsUS$1.20mno data

1.9yrs

Average Tenure

53yo

Average Age

Experienced Management: LQDT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
William Angrick
Co-founder21.17yrsUS$2.49m20.52%
$ 115.3m
Patrick Gross
Independent Lead Director7.58yrsUS$163.75k0.25%
$ 1.4m
Beatriz Infante
Independent Director6.83yrsUS$160.00k0.20%
$ 1.2m
Phillip Clough
Independent Director16.5yrsUS$156.25k0.21%
$ 1.2m
George Ellis
Independent Director10.83yrsUS$160.00k0.082%
$ 463.0k
Jaime Mateus-Tique
Director20.92yrsUS$145.00k2.32%
$ 13.0m
Edward Kolodzieski
Independent Director5.33yrsUS$152.50k0.17%
$ 927.9k
Katharin Dyer
Independent Director1.17yrsUS$148.75k0.054%
$ 302.4k

9.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: LQDT's board of directors are considered experienced (9.2 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 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$561.918m
  • Shares outstanding: 34.92m
  • Website: https://www.liquidityservices.com

Number of Employees


Location

  • Liquidity Services, Inc.
  • 6931 Arlington Road
  • Suite 200
  • Bethesda
  • Maryland
  • 20814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LQDTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2006
L1SDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 00:30
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


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.