NasdaqCM:ASUR

Stock Analysis Report

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Executive Summary

Asure Software, Inc. provides cloud-based human capital management and workspace management solutions worldwide. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Asure Software's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASUR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.1%

ASUR

-2.5%

US Software

-2.4%

US Market


1 Year Return

-2.6%

ASUR

64.1%

US Software

18.2%

US Market

Return vs Industry: ASUR underperformed the US Software industry which returned 64.1% over the past year.

Return vs Market: ASUR underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

ASURIndustryMarket
7 Day-0.1%-2.5%-2.4%
30 Day7.5%9.6%4.2%
90 Day31.9%9.8%6.3%
1 Year-2.6%-2.6%65.3%64.1%20.9%18.2%
3 Year-24.2%-24.2%147.3%139.0%41.2%31.8%
5 Year48.5%48.5%256.2%235.2%84.8%63.9%

Price Volatility Vs. Market

How volatile is Asure Software's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ASUR ($8.18) is trading above our estimate of fair value ($7.19)

Significantly Below Fair Value: ASUR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASUR is unprofitable, so we can't compare its PE Ratio to the US Software industry average.

PE vs Market: ASUR 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 ASUR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASUR is good value based on its PB Ratio (1x) compared to the US Software industry average (7.4x).


Next Steps

Future Growth

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

37.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASUR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ASUR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ASUR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ASUR's revenue (3.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: ASUR's revenue (3.6% 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


Next Steps

Past Performance

How has Asure Software performed over the past 5 years?

-66.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASUR is currently unprofitable.

Growing Profit Margin: ASUR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASUR is unprofitable, and losses have increased over the past 5 years at a rate of 66.1% per year.

Accelerating Growth: Unable to compare ASUR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASUR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.8%).


Return on Equity

High ROE: ASUR has a negative Return on Equity (-28.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Asure Software's financial position?


Financial Position Analysis

Short Term Liabilities: ASUR's short term assets ($154.0M) exceed its short term liabilities ($143.5M).

Long Term Liabilities: ASUR's short term assets ($154.0M) exceed its long term liabilities ($25.0M).


Debt to Equity History and Analysis

Debt Level: ASUR's debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: ASUR's debt to equity ratio has reduced from 312.2% to 25% over the 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: ASUR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ASUR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

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?

0.2yrs

Average management tenure


CEO

Pat Goepel (58 yo)

10.75yrs

Tenure

US$502,365

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 ($USD502.37K) is about average for companies of similar size in the US market ($USD585.94K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Goepel
Chairman & CEO10.75yrsUS$502.37k4.83%
$ 6.3m
Eyal Goldstein
President & Chief Revenue Officer0.17yrUS$597.33k0.031%
$ 40.5k
Kelyn Brannon
Consultant0.17yrUS$656.84k0.032%
$ 41.8k
James Powers
Chief Financial Officer0.17yrno datano data
Jeffrey Houston
Head of Investor Relations & Corporate Developmentno datano datano data
Mike Vannoy
Vice President of Marketing2.08yrsno datano data
Cheryl Trbula
Director of Human Resourcesno datano datano data

0.2yrs

Average Tenure

58yo

Average Age

Experienced Management: ASUR's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Patrick Goepel
Chairman & CEO10.75yrsUS$502.37k4.83%
$ 6.3m
Daniel Gill
Lead Independent Director0.17yrUS$40.41k0.013%
$ 16.4k
Charles Lathrop
Independent Director1.17yrsUS$66.72k0.15%
$ 196.3k
Benjamin Allen
Director0.17yrno data0.091%
$ 118.4k
William Drew
Independent Director0.50yrno data0.063%
$ 81.8k
Bjorn Reynolds
Independent Director0.50yrno data0.021%
$ 26.6k
Grace Lee
Director0.17yrno datano data
Bradford Oberwager
Independent Director1.92yrsUS$93.14k0.050%
$ 65.4k

0.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: ASUR's board of directors are not considered experienced ( 0.3 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: 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

Asure Software, Inc.'s company bio, 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$129.658m
  • Shares outstanding: 15.85m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASURNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDApr 1992

Biography

Asure Software, Inc. provides cloud-based human capital management and workspace management solutions worldwide. It helps various small and mid-sized businesses to develop human capital to get to the next ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 23:45
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.