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Asure Software

Nasdaq:ASUR
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASUR
Nasdaq
$100M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Asure Software Inc. provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The last earnings update was 5 days ago. More info.


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  • Asure Software has significant price volatility in the past 3 months.
ASUR Share Price and Events
7 Day Returns
4.5%
NasdaqCM:ASUR
2.5%
US Software
1.6%
US Market
1 Year Returns
-53.7%
NasdaqCM:ASUR
24.3%
US Software
3.2%
US Market
ASUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asure Software (ASUR) 4.5% 6.5% 24.1% -53.7% 15.3% 5.1%
US Software 2.5% 5.1% 18.3% 24.3% 108.3% 136.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • ASUR underperformed the Software industry which returned 24.3% over the past year.
  • ASUR underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
ASUR
Industry
5yr Volatility vs Market

Value

 Is Asure Software undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Asure Software to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Asure Software.

NasdaqCM:ASUR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:ASUR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (112.02%))
1.769
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.769 * 5.96%)
13.27%

Discounted Cash Flow Calculation for NasdaqCM:ASUR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asure Software is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:ASUR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.27%)
2019 8.38 Analyst x1 7.40
2020 12.88 Analyst x2 10.04
2021 16.80 Est @ 30.41% 11.56
2022 20.51 Est @ 22.11% 12.46
2023 23.85 Est @ 16.29% 12.79
2024 26.77 Est @ 12.22% 12.67
2025 29.28 Est @ 9.38% 12.24
2026 31.44 Est @ 7.38% 11.60
2027 33.32 Est @ 5.99% 10.85
2028 34.99 Est @ 5.01% 10.06
Present value of next 10 years cash flows $111.67
NasdaqCM:ASUR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $34.99 × (1 + 2.73%) ÷ (13.27% – 2.73%)
$340.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $340.97 ÷ (1 + 13.27%)10
$98.06
NasdaqCM:ASUR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $111.67 + $98.06
$209.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $209.73 / 15.28
$13.72
NasdaqCM:ASUR Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.72
Current discount Discount to share price of $6.54
= -1 x ($6.54 - $13.72) / $13.72
52.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Asure Software is available for.
Intrinsic value
>50%
Share price is $6.54 vs Future cash flow value of $13.72
Current Discount Checks
For Asure Software to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asure Software's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asure Software's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asure Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asure Software's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:ASUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.54
NasdaqCM:ASUR Share Price ** NasdaqCM (2019-03-19) in USD $6.54
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.56x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Asure Software.

NasdaqCM:ASUR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:ASUR Share Price ÷ EPS (both in USD)

= 6.54 ÷ -0.54

-12.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asure Software is loss making, we can't compare its value to the US Software industry average.
  • Asure Software is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Asure Software's expected growth come at a high price?
Raw Data
NasdaqCM:ASUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
60.2%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.58x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Asure Software, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asure Software's assets?
Raw Data
NasdaqCM:ASUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.71
NasdaqCM:ASUR Share Price * NasdaqCM (2019-03-19) in USD $6.54
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqCM:ASUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:ASUR Share Price ÷ Book Value per Share (both in USD)

= 6.54 ÷ 6.71

0.97x

* Primary Listing of Asure Software.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asure Software is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Asure Software's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Asure Software has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Asure Software expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
60.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asure Software expected to grow at an attractive rate?
  • Unable to compare Asure Software's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Asure Software's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Asure Software's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:ASUR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:ASUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 60.2%
NasdaqCM:ASUR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 12.5%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:ASUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:ASUR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 113 17 -1 4
2019-12-31 105 9 -7 8
NasdaqCM:ASUR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 89 -7 -8
2018-09-30 80 -4 -11
2018-06-30 72 -1 -9
2018-03-31 63 0 -7
2017-12-31 54 0 -6
2017-09-30 49 -3 -4
2017-06-30 43 -5 -2
2017-03-31 40 -3 0
2016-12-31 36 -2 -1
2016-09-30 33 1 -2
2016-06-30 30 1 -3
2016-03-31 27 2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Asure Software is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Asure Software's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:ASUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Asure Software Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:ASUR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.06 0.28 -0.31 4.00
2019-12-31 -0.47 -0.10 -0.82 8.00
NasdaqCM:ASUR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.54
2018-09-30 -0.81
2018-06-30 -0.68
2018-03-31 -0.55
2017-12-31 -0.53
2017-09-30 -0.43
2017-06-30 -0.30
2017-03-31 -0.07
2016-12-31 -0.15
2016-09-30 -0.30
2016-06-30 -0.44
2016-03-31 -0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Asure Software will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Asure Software's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Asure Software has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Asure Software performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Asure Software's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Asure Software does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Asure Software's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Asure Software's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Asure Software's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Asure Software Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:ASUR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 88.95 -7.55 47.33 8.36
2018-09-30 79.84 -10.82 35.58 8.47
2018-06-30 71.91 -8.52 34.50 5.84
2018-03-31 63.02 -6.59 33.45 5.11
2017-12-31 54.44 -5.72 30.78 4.46
2017-09-30 48.85 -4.05 30.24 3.17
2017-06-30 42.76 -2.45 26.54 3.05
2017-03-31 39.55 -0.48 22.53 2.86
2016-12-31 35.54 -0.97 20.52 2.90
2016-09-30 32.59 -1.90 19.69 3.00
2016-06-30 29.80 -2.79 17.80 3.03
2016-03-31 27.30 -2.83 16.64 3.13
2015-12-31 26.91 -1.76 15.05 3.05
2015-09-30 27.25 -0.87 14.52 3.13
2015-06-30 27.62 -0.14 14.20 3.22
2015-03-31 27.01 -0.22 14.09 3.33
2014-12-31 27.21 -0.26 14.00 3.31
2014-09-30 26.84 -0.46 13.59 3.18
2014-06-30 26.28 -0.51 13.25 3.05
2014-03-31 26.03 -1.09 13.20 2.86
2013-12-31 25.47 -1.66 13.12 2.84
2013-09-30 24.69 -2.19 13.30 2.49
2013-06-30 23.88 -3.53 14.06 2.56
2013-03-31 21.79 -3.29 12.94 2.49
2012-12-31 19.97 -3.03 11.80 2.38
2012-09-30 17.67 -3.04 10.31 2.52
2012-06-30 14.51 -1.79 7.86 2.08
2012-03-31 12.74 -1.44 6.94 1.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Asure Software has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Asure Software used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • It is difficult to establish if Asure Software improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Asure Software's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Asure Software has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Asure Software's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Asure Software's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asure Software is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asure Software's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Asure Software's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Asure Software Company Filings, last reported 2 months ago.

NasdaqCM:ASUR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 102.52 111.96 15.44
2018-09-30 99.79 113.07 19.19
2018-06-30 100.09 113.78 46.85
2018-03-31 64.67 116.97 25.81
2017-12-31 63.77 75.87 27.79
2017-09-30 64.38 75.70 27.46
2017-06-30 65.26 76.33 30.42
2017-03-31 18.15 31.14 2.29
2016-12-31 18.25 30.04 12.77
2016-09-30 3.48 30.56 0.29
2016-06-30 3.05 30.98 0.28
2016-03-31 2.24 31.39 0.55
2015-12-31 3.72 13.29 1.16
2015-09-30 4.42 13.88 0.12
2015-06-30 4.73 14.77 0.21
2015-03-31 4.07 15.25 0.27
2014-12-31 4.47 15.13 0.32
2014-09-30 4.26 16.71 1.64
2014-06-30 3.79 15.06 2.01
2014-03-31 3.74 15.24 1.67
2013-12-31 4.22 17.01 3.94
2013-09-30 4.17 16.66 3.11
2013-06-30 4.08 17.69 3.30
2013-03-31 1.13 19.92 1.59
2012-12-31 2.16 20.14 2.18
2012-09-30 2.77 20.24 2.75
2012-06-30 3.22 5.34 1.49
2012-03-31 3.52 5.25 1.19
  • Asure Software's level of debt (109.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (403.3% vs 109.2% today).
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.

  • Asure Software has sufficient cash runway for 1.2 years based on current free cash flow.
  • Asure Software has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 94.7% each year.
X
Financial health checks
We assess Asure Software's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Asure Software has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Asure Software dividends.
If you bought $2,000 of Asure Software shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Asure Software's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asure Software's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:ASUR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:ASUR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Asure Software has not reported any payouts.
  • Unable to verify if Asure Software's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asure Software's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asure Software has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asure Software's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asure Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asure Software has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Asure Software's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pat Goepel
COMPENSATION $696,379
AGE 56
TENURE AS CEO 9.2 years
CEO Bio

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 serves as its President. Mr. Goepel served Interim Chief Financial Officer of Asure Software, Inc. since July 17, 2017 until October 2017. He has progressive leadership experience in the HR outsourcing industry. Mr. Goepel serves as the Chief Executive Officer of APPD Investments. Mr. Goepel served as the Chief Executive Officer at PeopleCube, Inc. Mr. Goepel served as the Chief Executive Officer at Network Simplicity Software, Inc. He served as Chief Executive Officer and Director of iSarla, Inc. He served as Chief Executive Officer of iSarla, Inc. He served as the Chief Operating Officer of Patersons HR and Payroll Solutions Limited since February 2009. He served as Special Advisor to the Board of Advantec, Inc. He served as an Interim Chief Executive Officer of Asure since September 15, 2009. A frequent speaker and industry expert, Mr. Goepel served as the Chief Operating Officer of Patersons Global Payroll where he oversaw its human relations function. He also served on the board of AllOver Media Holdings, Inc. until its sale to a private equity firm in March 2015. He served as the President and Chief Executive Officer of Fidelity Investment’s HR Services Division from 2006 to 2008, President and Chief Executive Officer of Advantec from 2005 to 2006 and served as the Executive Vice President of business development and U.S. operations at Ceridian from 1994 to 2005 and was responsible for sales, marketing, operations and business development in the United States. He held several key leadership positions for Ceridian since 1994, including Senior Vice President of Sales, where he led a national sales force of 700 in having new products to market and doubling sales. He also held various positions with ADP, one of the largest providers of transaction-based business solutions. He serves as a Director of PeopleCube, Inc. He serves as Non-Executive Chairman of US Business (Operating Unit) of Safeguard World International Ltd. He has been a Director of Asure Software, Inc. since August 28, 2009. He serves as Director of Safeguard World International Ltd. He serves as Director of AllOver Media, Inc. He served as Director of Advantec, Inc. and iEmployee. He served as Director of CloudPay Solutions Limited(also known as Patersons HR and Payroll Solutions Limited) since February 2009. He received many national awards and was recognized twice as an HRO Superstar by HRO Today. Mr. Goepel serves on the Board of Directors of APPD Investments. Mr. Goepel received his education in Business Administration at Marquette University. Mr. Goepel’s public company executive management and board experience, as well as his background in successful execution of global expansion, operational and M&A initiatives, qualify him to serve as a director of Clearfield.

CEO Compensation
  • Pat's compensation has increased whilst company is loss making.
  • Pat's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Asure Software management team in years:

2
Average Tenure
54
Average Age
  • The tenure for the Asure Software management team is about average.
Management Team

Pat Goepel

TITLE
CEO, President & Director
COMPENSATION
$696K
AGE
56
TENURE
9.2 yrs

Kelyn Brannon

TITLE
CFO & Corporate Secretary
COMPENSATION
$683K
AGE
59
TENURE
1.4 yrs

Joe Karbowski

TITLE
Chief Technology Officer
COMPENSATION
$378K
AGE
52
TENURE
2.5 yrs

Rhonda Parouty

TITLE
Chief Operating Officer
TENURE
0.2 yrs

Brad Burrows

TITLE
Director of Sales
TENURE
2 yrs

Mike Vannoy

TITLE
Vice President of Marketing
TENURE
0.5 yrs

Cheryl Trbula

TITLE
Director of Human Resources

Eyal Goldstein

TITLE
Chief Revenue Officer
AGE
42
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Asure Software board of directors in years:

8.3
Average Tenure
47
Average Age
  • The tenure for the Asure Software board of directors is about average.
Board of Directors

David Sandberg

TITLE
Chairman
COMPENSATION
$36K
AGE
46
TENURE
9.6 yrs

Pat Goepel

TITLE
CEO, President & Director
COMPENSATION
$696K
AGE
56
TENURE
9.6 yrs

Matt Behrent

TITLE
Independent Director
COMPENSATION
$34K
AGE
48
TENURE
8.3 yrs

John Waterfield

TITLE
Independent Director
COMPENSATION
$30K
AGE
45
TENURE
7.8 yrs

Adrian Pertierra

TITLE
Independent Director
COMPENSATION
$28K
AGE
46
TENURE
9.6 yrs

Dan Gill

TITLE
Director
COMPENSATION
$14K
AGE
52
TENURE
1.8 yrs

Bradford Oberwager

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Asure Software's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Asure Software has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Introducing Asure Software, The Stock That Slid 53% In The Last Year

Because Asure Software is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't yet make profits, we'd generally expect to see good revenue growth. … Asure Software grew its revenue by 63% over the last year.

Simply Wall St -

Is Asure Software, Inc. (NASDAQ:ASUR) Worth US$5.83 Based On Intrinsic Value?

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Could Asure Software, Inc.'s (NASDAQ:ASUR) Investor Composition Influence The Stock Price?

With a market capitalization of US$87m, Asure Software is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that. … Check out our latest analysis for Asure Software

Simply Wall St -

Should You Be Concerned About Asure Software, Inc.'s (NASDAQ:ASUR) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Are Asure Software Inc's (NASDAQ:ASUR) Interest Costs Too High?

While small-cap stocks, such as Asure Software Inc (NASDAQ:ASUR) with its market cap of US$90m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Software companies,.

Simply Wall St -

When Will Asure Software Inc (NASDAQ:ASUR) Turn A Profit?

Asure Software Inc's (NASDAQ:ASUR):. … Asure Software Inc. … The company’s loss has recently broadened since it announced a -US$6m loss in the full financial year, compared to the latest trailing-twelve-month loss of -US$9m, moving it further away from breakeven.

Simply Wall St -

Is Now An Opportune Moment To Examine Asure Software Inc (NASDAQ:ASUR)?

Asure Software Inc (NASDAQ:ASUR), which is in the software business, and is based in United States,. … A question to answer is whether Asure Software's current trading price of $11.3 reflective of the actual value of the? … Let’s take a look at Asure Software’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Intrinsic Calculation For Asure Software Inc (NASDAQ:ASUR) Shows Investors Are Overpaying

Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value. … If you are reading this and its not August 2018 then I highly recommend you check out the latest calculation for Asure Software by following the link below

Simply Wall St -

Why You Need To Look At This Factor Before Buying Asure Software Inc (NASDAQ:ASUR)

If you are looking to invest in Asure Software Inc’s (NASDAQ:ASUR), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

When Should You Buy Asure Software Inc (NASDAQ:ASUR)?

Asure Software Inc (NASDAQ:ASUR), a software company based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Asure Software’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Company Info

Description

Asure Software Inc. provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company’s product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities. It also offers AsureHCM, an integrated cloud-based platform that provides human resource services ranging from human resource management and payroll to benefits, talent acquisition, and performance management; Evolution HCM, an AsureHCM channel product that provide users with the flexibility and best practices to handle clients; and AsureConsulting that offers a suite of services to assist organizations through the entire employee lifecycle. In addition, it provides SmartView occupancy sensors and analytics platform that offers insights, which allow companies to make strategic decisions about real estate investments and workplace design; and SmartMove, a move management software that help companies design floorplans and track permanent seat assignments, as well as manage assets, such as telephones, laptops, desks, chairs, and other items assigned to an employee. Further, the company provides AsureSpace Resource Scheduler, a solution for the digital workplace that features conference room and desk reservations, service management, interactive floorplans, visitor management, calendar and Web conference integrations, and reporting; and NowSpace, a mobile app for Apple and Android devices that enables mobile workers to find and reserve desks and conference rooms from their smart phones. It serves clients ranging from Fortune 500 to small and mid-sized businesses directly, as well as through reseller and referral partners. Asure Software Inc. was founded in 1985 and is headquartered in Austin, Texas.

Details
Name: Asure Software, Inc.
ASUR
Exchange: NasdaqCM
Founded: 1985
$99,944,280
15,282,000
Website: http://www.asuresoftware.com
Address: Asure Software, Inc.
3700 North Capital of TX Hwy,
Suite 350,
Austin,
Texas, 78746,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM ASUR Common Stock Nasdaq Capital Market US USD 07. Apr 1992
Number of employees
Current staff
Staff numbers
320
Asure Software employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:36
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.