NasdaqCM:ASUR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

29.6%

ASUR

1.1%

US Software

1.0%

US Market


1 Year Return

-22.1%

ASUR

24.2%

US Software

6.7%

US Market

Return vs Industry: ASUR underperformed the US Software industry which returned 24.2% over the past year.

Return vs Market: ASUR underperformed the US Market which returned 6.7% over the past year.


Share holder returns

ASURIndustryMarket
7 Day29.6%1.1%1.0%
30 Day30.4%-0.6%-1.8%
90 Day-7.6%-3.0%-1.8%
1 Year-22.1%-22.1%25.9%24.2%9.1%6.7%
3 Year27.9%27.9%123.3%114.6%46.1%36.6%
5 Year69.7%69.7%180.8%160.4%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ASUR ($8.79) is trading below our estimate of fair value ($38.74)

Significantly Undervalued: ASUR is trading below fair value by more than 20%.


Price Based on Earnings

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 Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate ASUR's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: ASUR is good value based on its PB Ratio (1.4x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

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

46.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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 (7.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: ASUR's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

-55.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASUR is unprofitable, and losses have increased over the past 5 years at a rate of -55.7% 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 (19.1%).


Return on Equity

High ROE: ASUR has a negative Return on Equity (-10.03%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ASUR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ASUR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Asure Software's financial position?


Financial Position Analysis

Short Term Liabilities: ASUR's short term assets ($143.1M) exceeds its short term liabilities ($137.8M)

Long Term Liabilities: ASUR's short term assets (143.1M) exceeds its long term liabilities (122.3M)


Debt to Equity History and Analysis

Debt Level: ASUR's debt to equity ratio (124.5%) is considered high

Reducing Debt: ASUR's debt to equity ratio has reduced from 397.7% to 124.5% 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 1.185620x 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 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's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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

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

2.6yrs

Average management tenure


CEO

Pat Goepel (57yo)

9.8yrs

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 ($USD969.24K) is about average for companies of similar size in the US market ($USD495.80K).

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


Management Age and Tenure

2.6yrs

Average Tenure

53yo

Average Age

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


Board Age and Tenure

5.3yrs

Average Tenure

51yo

Average Age

Experienced Board: ASUR's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: ASUR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$5,74327 Aug 19
Charles Lathrop
EntityIndividual
Role
Member of the Board of Directors
Director
Shares900
Max PriceUS$6.38

Ownership Breakdown


Management Team

  • Kelyn Brannon (60yo)

    CFO & Corporate Secretary

    • Tenure: 2yrs
    • Compensation: US$876.58k
  • Joe Karbowski (53yo)

    Chief Technical Officer

    • Tenure: 3.1yrs
    • Compensation: US$867.25k
  • Pat Goepel (57yo)

    CEO, President & Director

    • Tenure: 9.8yrs
    • Compensation: US$969.24k
  • Mike Vannoy

    Vice President of Marketing

    • Tenure: 1.1yrs
  • Eyal Goldstein (43yo)

    Chief Revenue Officer

    • Tenure: 2.8yrs
    • Compensation: US$872.04k
  • Rhonda Parouty (44yo)

    Chief Operating Officer

    • Tenure: 0.8yrs
  • Brad Burrows

    Director of Sales

    • Tenure: 2.6yrs
  • Cheryl Trbula

    Director of Human Resources

    • Tenure: 0yrs

Board Members

  • Dan Gill (53yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$107.70k
  • John Waterfield (46yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$112.70k
  • Charlie Lathrop (62yo)

    Director

    • Tenure: 0.2yrs
  • Pat Goepel (57yo)

    CEO, President & Director

    • Tenure: 9.8yrs
    • Compensation: US$969.24k
  • David Sandberg (47yo)

    Independent Chairman

    • Tenure: 10.2yrs
    • Compensation: US$119.10k
  • Bradford Oberwager (49yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$90.04k

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$136.697m
  • Shares outstanding: 15.55m
  • 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 Analysis2019/10/14 01:05
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
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.

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