NasdaqCM:ASUR

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Adequate balance sheet and fair value.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.9%

ASUR

1.7%

US Software

0.5%

US Market


1 Year Return

32.6%

ASUR

42.9%

US Software

20.3%

US Market

Return vs Industry: ASUR underperformed the US Software industry which returned 42.9% over the past year.

Return vs Market: ASUR exceeded the US Market which returned 20.3% over the past year.


Shareholder returns

ASURIndustryMarket
7 Day4.9%1.7%0.5%
30 Day0.7%8.6%2.0%
90 Day6.4%19.4%9.4%
1 Year32.6%32.6%44.4%42.9%22.8%20.3%
3 Year-20.9%-20.9%154.9%144.1%50.1%40.4%
5 Year52.6%52.6%223.7%200.6%73.1%54.1%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASUR ($8.95) is trading below our estimate of fair value ($20.56)

Significantly Below Fair Value: ASUR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASUR is unprofitable, so we can't compare its PE Ratio to the 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 (1.5x) compared to the US Software industry average (6x).


Next Steps

Future Growth

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

66.1%

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 is expected to decline over the next 3 years (-12.7% per year).

High Growth Revenue: ASUR's revenue is forecast to decline over the next 3 years (-12.7% 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?

-52.8%

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 -52.8% 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 (18.4%).


Return on Equity

High ROE: ASUR has a negative Return on Equity (-10.13%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Asure Software's financial position?


Financial Position Analysis

Short Term Liabilities: ASUR's short term assets ($124.5M) exceed its short term liabilities ($120.9M).

Long Term Liabilities: ASUR's short term assets ($124.5M) exceed its long term liabilities ($120.9M).


Debt to Equity History and Analysis

Debt Level: ASUR's debt to equity ratio (128.9%) is considered high.

Reducing Debt: ASUR's debt to equity ratio has reduced from 391.4% to 128.9% over the past 5 years.


Balance Sheet

Inventory Level: ASUR has a low level of unsold assets or inventory.

Debt Coverage by Assets: ASUR's debt is covered by short term assets (assets are 1x debt).


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 3 years 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's 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 payouts.

High Dividend: Unable to evaluate ASUR's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?

2.6yrs

Average management tenure


CEO

Pat Goepel (57yo)

10.1yrs

Tenure

US$969,239

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 ($USD969.24K) is above average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Pat's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Goepel
CEO, President & Director10.1yrsUS$969.24k4.73% $6.7m
Kelyn Brannon
CFO & Corporate Secretary2.3yrsUS$876.58k0.027% $37.8k
Eyal Goldstein
Chief Revenue Officer3.2yrsUS$872.04k0.019% $27.2k
Rhonda Parouty
Chief Operating Officer1.1yrsno datano data
Brad Burrows
Director of Sales2.9yrsno datano data
Mike Vannoy
Vice President of Marketing1.4yrsno datano data
Cheryl Trbula
Director of Human Resources0yrsno datano data
Stacy Zellner
Director of Marketing0yrsno datano data

2.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: ASUR's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Goepel
CEO, President & Director10.1yrsUS$969.24k4.73% $6.7m
Daniel Gill
Independent Director2.7yrsUS$107.70k0.013% $18.2k
John Waterfield
Independent Director8.7yrsUS$112.70k0.21% $297.7k
Charles Lathrop
Director0.5yrsno data0.077% $109.0k
David Sandberg
Independent Chairman10.5yrsUS$119.10k0.14% $203.5k
Bradford Oberwager
Independent Director1.3yrsUS$90.04k0.051% $72.6k

5.7yrs

Average Tenure

51yo

Average Age

Experienced Board: ASUR's board of directors are considered experienced (5.7 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 15.8%.


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$142.171m
  • Shares outstanding: 15.66m
  • 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. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities. The company also offers AsureHCM, an integrated cloud-based solution that provides human resource (HR) management and payroll to benefits, talent acquisition, and performance management services; Evolution HCM, an integrated payroll, HR, and tax management suite; and AsureConsulting, which 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:20
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.