Evolving Systems, Inc. provides real-time digital engagement solutions and services to the wireless, wireline, and cable network operators in the United Kingdom and internationally.
Excellent balance sheet and overvalued.
Share Price & News
How has Evolving Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVOL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EVOL underperformed the US Software industry which returned 36.5% over the past year.
Return vs Market: EVOL exceeded the US Market which returned 9.9% over the past year.
Price Volatility Vs. Market
How volatile is Evolving Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall StDo Insiders Own Shares In Evolving Systems, Inc. (NASDAQ:EVOL)?
10 months ago | Simply Wall StDoes Evolving Systems (NASDAQ:EVOL) Have A Healthy Balance Sheet?
1 year ago | Simply Wall StIs There More To Evolving Systems, Inc. (NASDAQ:EVOL) Than Its 7.9% Returns On Capital?
Is Evolving Systems undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: EVOL ($0.99) is trading above our estimate of fair value ($0.03)
Significantly Below Fair Value: EVOL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EVOL is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: EVOL 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 EVOL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EVOL is good value based on its PB Ratio (1.4x) compared to the US Software industry average (6x).
How is Evolving Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Evolving Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Evolving Systems's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Software industry.
How has Evolving Systems performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVOL is currently unprofitable.
Growing Profit Margin: EVOL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EVOL is unprofitable, and losses have increased over the past 5 years at a rate of -68.1% per year.
Accelerating Growth: Unable to compare EVOL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EVOL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (9.6%).
Return on Equity
High ROE: EVOL has a negative Return on Equity (-99.87%), as it is currently unprofitable.
How is Evolving Systems's financial position?
Financial Position Analysis
Short Term Liabilities: EVOL's short term assets ($12.8M) exceed its short term liabilities ($8.9M).
Long Term Liabilities: EVOL's short term assets ($12.8M) exceed its long term liabilities ($764.0K).
Debt to Equity History and Analysis
Debt Level: EVOL's debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: EVOL's debt to equity ratio has increased from 0% to 15.1% over the past 5 years.
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: Whilst unprofitable EVOL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: EVOL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.5% per year.
What is Evolving Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EVOL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EVOL'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 EVOL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EVOL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EVOL is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EVOL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matthew Stecker (51yo)
Mr. Matthew Stecker has been the President and Chief Executive Officer of Evolving Systems, Inc. since July 16, 2018. He served as a Senior Policy Advisor to the United States Department of Commerce from 2 ...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD400.00K) is below average for companies of similar size in the US market ($USD594.10K).
Compensation vs Earnings: Matthew's compensation has increased whilst the company is unprofitable.
|Senior VP of Finance & Secretary||2.5yrs||US$212.50k||0.061% $7.4k|
|Senior Vice President of Research & Development||4.25yrs||no data||no data|
|Senior Vice President of Sales||2.92yrs||no data||no data|
|Senior Vice President of Sales||no data||no data||no data|
|Senior Vice President of Solutions||no data||no data||no data|
|Senior Vice President of Solutions||no data||no data||no data|
Experienced Management: EVOL's management team is considered experienced (2.7 years average tenure).
|Independent Director||16.25yrs||US$30.00k||1.46% $175.9k|
|Independent Director||12.25yrs||US$20.00k||1.73% $208.8k|
|Independent Director||5.42yrs||US$20.00k||3.49% $420.9k|
Experienced Board: EVOL's board of directors are considered experienced (8.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Evolving Systems, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Evolving Systems, Inc.
- Ticker: EVOL
- Exchange: NasdaqCM
- Founded: 1985
- Industry: Application Software
- Sector: Software
- Market Cap: US$12.073m
- Shares outstanding: 12.19m
- Website: https://www.evolving.com
Number of Employees
- Evolving Systems, Inc.
- 9800 Pyramid Court
- Suite 400
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EVOL||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||May 1998|
Evolving Systems, Inc. provides real-time digital engagement solutions and services to the wireless, wireline, and cable network operators in the United Kingdom and internationally. The company offers acquisition and activation solutions, including Smart Dealer, a tool set that enables SIM retailers to sell SIM cards; and Dynamic SIM Allocation, a SIM/eSIM activation solution. Its acquisition and activation solutions also comprise Tertio Service Activation solution used to activate a new subscriber or to add a new service to an existing subscriber; and Number Inventory and Management solution, an automated solution that enables operators to manage their telephone numbers and other communication identifiers. In addition, the company offers customer analytics and value management solutions, such as the Profiling Engine, a rules-driven flexible aggregator, which supports static and ongoing dynamic profiling of subscribers; Campaign Engine that is used to configure and deliver marketing campaigns, and offers to subscribers; and Campaign Module, which provides predefined templates for specific types of real-time mobile marketing tactics. Further, it provides Social Media Integration solution, which enables carriers to expand their engagement with subscribers; and App Promotion solution. Additionally, the company offers Customer Retention and Loyalty solutions; Mobile Data Enablement solution that provides a data consumption and policy management solution for wireless carriers and mobile virtual network operators that monitor the usage and consumption of data services; and Total Number Management solution, an automated database solution that enables operators to manage their telephone numbers, and other communication identifiers. It also provides marketing, IT, and managed services; and customer value management and engagement solutions. The company was founded in 1985 and is headquartered in Englewood, Colorado.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 02:13|
|End of Day Share Price||2020/06/01 00:00|
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.