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ASUR

Asure SoftwareNasdaqCM:ASUR Stock Report

Market Cap

US$170.3m

7D

-1.7%

1Y

6.8%

Updated

26 Nov, 2021

Data

Company Financials +
ASUR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ASUR Stock Overview

Asure Software, Inc. provides cloud-based human capital management solutions the United States.

Asure Software Competitors

Paycom Software

NYSE:PAYC

US$25.4b

Paylocity Holding

NasdaqGS:PCTY

US$14.1b

Paycor HCM

NasdaqGS:PYCR

US$5.1b

Mitek Systems

NasdaqCM:MITK

US$746.2m

Price History & Performance

Summary of all time highs, changes and price drops for Asure Software
Historical stock prices
Current Share PriceUS$8.53
52 Week HighUS$9.94
52 Week LowUS$7.03
Beta1.17
1 Month Change-10.77%
3 Month Change-5.22%
1 Year Change6.76%
3 Year Change49.91%
5 Year Change0.59%
Change since IPO-89.76%

Recent News & Updates

Nov 16
Asure Software's (NASDAQ:ASUR) Earnings Aren't As Good As They Appear

Asure Software's (NASDAQ:ASUR) Earnings Aren't As Good As They Appear

We didn't see Asure Software, Inc.'s ( NASDAQ:ASUR ) stock surge when it reported robust earnings recently. We decided...

Shareholder Returns

ASURUS SoftwareUS Market
7D-1.7%-4.9%-2.7%
1Y6.8%33.7%21.3%

Return vs Industry: ASUR underperformed the US Software industry which returned 33.7% over the past year.

Return vs Market: ASUR underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is ASUR's price volatile compared to industry and market?
ASUR volatility
ASUR Average Weekly Movement3.7%
Software Industry Average Movement7.4%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

Stable Share Price: ASUR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ASUR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985477Pat Goepelhttps://www.asuresoftware.com

Asure Software, Inc. provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to develop human capital to get to the next level, stay compliant, and allocate resources toward growth. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and ROI gains come in the form of strategic use of labor dollars and the elimination of time theft.

Asure Software Fundamentals Summary

How do Asure Software's earnings and revenue compare to its market cap?
ASUR fundamental statistics
Market CapUS$170.33m
Earnings (TTM)US$1.65m
Revenue (TTM)US$71.38m

103.0x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASUR income statement (TTM)
RevenueUS$71.38m
Cost of RevenueUS$28.27m
Gross ProfitUS$43.11m
ExpensesUS$41.46m
EarningsUS$1.65m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.083
Gross Margin60.40%
Net Profit Margin2.32%
Debt/Equity Ratio21.4%

How did ASUR perform over the long term?

See historical performance and comparison

Valuation

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

103.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ASUR is poor value based on its PE Ratio (103x) compared to the US Software industry average (43.6x).

PE vs Market: ASUR is poor value based on its PE Ratio (103x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: ASUR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ASUR is good value based on its PB Ratio (1.1x) compared to the US Software industry average (6.4x).


Future Growth

How is Asure Software forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-118.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASUR's earnings are forecast to decline over the next 3 years (-118.5% per year).

Earnings vs Market: ASUR's earnings are forecast to decline over the next 3 years (-118.5% per year).

High Growth Earnings: ASUR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ASUR's revenue (12.2% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: ASUR's revenue (12.2% 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 ASUR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Asure Software performed over the past 5 years?

-31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASUR has a large one-off gain of $7.1M impacting its September 30 2021 financial results.

Growing Profit Margin: ASUR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASUR has become profitable over the past 5 years, growing earnings by -31.7% per year.

Accelerating Growth: ASUR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASUR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (20.5%).


Return on Equity

High ROE: ASUR's Return on Equity (1%) is considered low.


Financial Health

How is Asure Software's financial position?


Financial Position Analysis

Short Term Liabilities: ASUR's short term assets ($204.5M) exceed its short term liabilities ($187.2M).

Long Term Liabilities: ASUR's short term assets ($204.5M) exceed its long term liabilities ($43.0M).


Debt to Equity History and Analysis

Debt Level: ASUR's net debt to equity ratio (14.3%) is considered satisfactory.

Reducing Debt: ASUR's debt to equity ratio has reduced from 838.5% to 21.4% over the past 5 years.

Debt Coverage: ASUR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ASUR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Asure Software current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ASUR'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 ASUR'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?

1.1yrs

Average management tenure


CEO

Pat Goepel (59 yo)

11.83yrs

Tenure

US$905,206

Compensation

Mr. Patrick F. Goepel, also known as Pat, has been a Director of Clearfield, Inc. since September 1, 2015. Mr. Goepel has been the Chief Executive Officer of Asure Software, Inc. since January 1, 2010 and...


CEO Compensation Analysis

Compensation vs Market: Pat's total compensation ($USD905.21K) is about average for companies of similar size in the US market ($USD1.10M).

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


Leadership Team

Experienced Management: ASUR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ASUR's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ASUR 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 25.5%.


Top Shareholders

Company Information

Asure Software, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Asure Software, Inc.
  • Ticker: ASUR
  • Exchange: NasdaqCM
  • Founded: 1985
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$170.331m
  • Shares outstanding: 19.97m
  • Website: https://www.asuresoftware.com

Number of Employees


Location

  • Asure Software, Inc.
  • 3700 North Capital of Texas Highway
  • Suite 350
  • Austin
  • Texas
  • 78746
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:02
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.