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.


Snowflake Analysis

Excellent 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

13.4%

ASUR

-3.9%

US Software

1.2%

US Market


1 Year Return

21.4%

ASUR

39.4%

US Software

16.8%

US Market

Return vs Industry: ASUR underperformed the US Software industry which returned 42.6% over the past year.

Return vs Market: ASUR exceeded the US Market which returned 16.4% over the past year.


Shareholder returns

ASURIndustryMarket
7 Day13.4%-3.9%1.2%
30 Day17.3%-3.2%4.9%
90 Day10.8%15.6%20.0%
1 Year21.4%21.4%40.4%39.4%19.3%16.8%
3 Year-35.0%-35.0%146.6%138.1%43.7%34.4%
5 Year30.6%30.6%236.6%216.5%75.5%56.6%

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 ($7.6) is trading below our estimate of fair value ($19.44)

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 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 (0.9x) compared to the US Software industry average (7.5x).


Next Steps

Future Growth

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

42.3%

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 (1.1% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: ASUR's revenue (1.1% 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?

-67.8%

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 67.8% 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 (11.5%).


Return on Equity

High ROE: ASUR has a negative Return on Equity (-29.78%), 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 ($149.5M) exceed its short term liabilities ($135.0M).

Long Term Liabilities: ASUR's short term assets ($149.5M) exceed its long term liabilities ($28.7M).


Debt to Equity History and Analysis

Debt Level: ASUR's debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: ASUR's debt to equity ratio has reduced from 372.9% to 18.5% 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?

3.3yrs

Average management tenure


CEO

Pat Goepel (58 yo)

10.58yrs

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 ($USD502.37K) is about average for companies of similar size in the US market ($USD593.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Goepel
CEO, President & Director10.58yrsUS$502.37k4.8%
$ 5.7m
Kelyn Brannon
CFO & Corporate Secretary2.83yrsUS$656.84k0.032%
$ 38.9k
Eyal Goldstein
Chief Revenue Officer3.67yrsUS$597.33k0.031%
$ 37.6k
Jeffrey Houston
Head of Investor Relations & Corporate Developmentno datano datano data
Mike Vannoy
Vice President of Marketing1.92yrsno datano data
Cheryl Trbula
Director of Human Resourcesno datano datano data

3.3yrs

Average Tenure

58yo

Average Age

Experienced Management: ASUR's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Goepel
CEO, President & Director10.58yrsUS$502.37k4.8%
$ 5.7m
Daniel Gill
Independent Director3.17yrsUS$40.41k0.013%
$ 15.2k
Charles Lathrop
Independent Director1yrUS$66.72k0.15%
$ 182.4k
David Sandberg
Independent Chairman11yrsUS$77.09k0.14%
$ 170.4k
William Drew
Independent Director0.33yrno data0.064%
$ 76.0k
Bjorn Reynolds
Independent Director0.33yrno data0.021%
$ 24.7k
Bradford Oberwager
Independent Director1.75yrsUS$93.14k0.051%
$ 60.8k

1.8yrs

Average Tenure

54yo

Average Age

Experienced Board: ASUR's board of directors are not considered experienced ( 1.8 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 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$119.664m
  • Shares outstanding: 15.75m
  • 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 organization ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:53
End of Day Share Price2020/08/10 00:00
Earnings2020/03/31
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.