NasdaqGM:INOD

Stock Analysis Report

Executive Summary

Innodata Inc. operates as a digital services and solution company worldwide.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Innodata has significant price volatility in the past 3 months.
  • Innodata is not covered by any analysts.

Similar Companies

Share Price & News

How has Innodata's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

NasdaqGM:INOD

0.1%

US IT

-0.02%

US Market


1 Year Return

-5.3%

NasdaqGM:INOD

15.0%

US IT

1.6%

US Market

INOD underperformed the IT industry which returned 16% over the past year.

INOD underperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

INODIndustryMarket
7 Day-0.8%0.1%-0.02%
30 Day-2.3%-1.0%2.7%
90 Day27.3%0.9%1.4%
1 Year-5.3%-5.3%16.3%15.0%3.8%1.6%
3 Year-45.0%-45.0%95.4%87.2%45.2%35.8%
5 Year-57.1%-57.1%141.6%117.2%61.8%44.1%

Price Volatility Vs. Market

How volatile is Innodata's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Innodata 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

Innodata's share price is below the future cash flow value, and at a moderate discount (> 20%).

Innodata's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Innodata is loss making, we can't compare its value to the US IT industry average.

Innodata is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Innodata, we can't assess if its growth is good value.


Price Based on Value of Assets

Innodata is good value based on assets compared to the US IT industry average.


Next Steps

Future Growth

How is Innodata expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.0%

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 Innodata 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.


Next Steps

Past Performance

How has Innodata performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Innodata does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Innodata's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Innodata's 1-year growth to the US IT industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Innodata has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Innodata has efficiently used its assets last year compared to the US IT industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Innodata improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Innodata's financial position?


Financial Position Analysis

Innodata is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Innodata's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Innodata has no debt.

Innodata has not taken on any debt in the past 5 years.


Balance Sheet

High level of physical assets or inventory.

Innodata has no debt, it does not need to be covered by short term assets.


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.

Whilst loss making Innodata has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Innodata has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -60.4% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Innodata's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Innodata's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Innodata has not reported any payouts.

Unable to verify if Innodata's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Innodata 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.


Next Steps

Management

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

12.7yrs

Average management tenure


CEO

Jack Abuhoff (58yo)

22yrs

Tenure

US$1,023,939

Compensation

Mr. Jack S. Abuhoff has been the President and Chief Executive Officer of Innodata Inc. since September 15, 1997 and served as its Interim Principal Financial Officer since May 10, 2018 until April 17, 201 ...


CEO Compensation Analysis

Jack's remuneration is higher than average for companies of similar size in United States of America.

Jack's compensation has increased whilst company is loss making.


Management Age and Tenure

12.7yrs

Average Tenure

57.5yo

Average Age

The average tenure for the Innodata management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.4yrs

Average Tenure

60yo

Average Age

The average tenure for the Innodata board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Innodata individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$9,86218 Sep 19
Luzich Partners
EntityCompany
Shares7,696
Max PriceUS$1.30
SellUS$3,06009 Sep 19
Luzich Partners
EntityCompany
Shares2,402
Max PriceUS$1.28
SellUS$15,86430 Aug 19
Luzich Partners
EntityCompany
Shares12,393
Max PriceUS$1.29
SellUS$6,77328 Aug 19
Luzich Partners
EntityCompany
Shares5,209
Max PriceUS$1.31
SellUS$9,15323 Aug 19
Luzich Partners
EntityCompany
Shares7,041
Max PriceUS$1.30
SellUS$15,25221 Aug 19
Luzich Partners
EntityCompany
Shares11,888
Max PriceUS$1.29
SellUS$6,41620 Aug 19
Luzich Partners
EntityCompany
Shares5,046
Max PriceUS$1.29
SellUS$38,56915 Aug 19
Luzich Partners
EntityCompany
Shares29,497
Max PriceUS$1.32
SellUS$17,86213 Aug 19
Luzich Partners
EntityCompany
Shares13,982
Max PriceUS$1.29
SellUS$43,69026 Jul 19
Luzich Partners
EntityCompany
Shares31,988
Max PriceUS$1.39
BuyUS$2,96120 Jun 19
Louise Forlenza
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$0.99
BuyUS$15,00012 Jun 19
David Atkinson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares15,000
Max PriceUS$1.00
BuyUS$3,87105 Jun 19
Jack Abuhoff
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares3,852
Max PriceUS$1.01
BuyUS$37,40908 Jan 19
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares24,939
Max PriceUS$1.50
BuyUS$60,00008 Jan 19
Luzich Partners
EntityCompany
Shares40,000
Max PriceUS$1.50
BuyUS$72,02403 Jan 19
Luzich Partners
EntityCompany
Shares48,724
Max PriceUS$1.49
BuyUS$36,54103 Jan 19
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares25,061
Max PriceUS$1.49
BuyUS$74,60028 Dec 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares50,000
Max PriceUS$1.51
BuyUS$34,93828 Dec 18
Luzich Partners
EntityCompany
Shares23,448
Max PriceUS$1.49
BuyUS$92,52721 Dec 18
Luzich Partners
EntityCompany
Shares57,921
Max PriceUS$1.63
BuyUS$161,10011 Dec 18
Luzich Partners
EntityCompany
Shares90,000
Max PriceUS$1.79
BuyUS$30,60030 Nov 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$1.53
BuyUS$15,56930 Nov 18
Luzich Partners
EntityCompany
Shares10,110
Max PriceUS$1.54
BuyUS$72,88726 Nov 18
Luzich Partners
EntityCompany
Shares49,248
Max PriceUS$1.48
BuyUS$276,08716 Nov 18
Luzich Partners
EntityCompany
Shares195,488
Max PriceUS$1.46
BuyUS$39,60016 Nov 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,000
Max PriceUS$1.32
BuyUS$14,55113 Nov 18
Luzich Partners
EntityCompany
Shares10,105
Max PriceUS$1.44
BuyUS$72,00013 Nov 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares50,000
Max PriceUS$1.44
BuyUS$309,94101 Nov 18
Luzich Partners
EntityCompany
Shares219,816
Max PriceUS$1.41
BuyUS$40,75401 Nov 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares29,110
Max PriceUS$1.40
BuyUS$115,10411 Oct 18
Nauman Toor
EntityIndividual
Role
Member of the Board of Directors
Director
Shares82,137
Max PriceUS$1.41
BuyUS$7,56724 Sep 18
Luzich Partners
EntityCompany
Shares5,653
Max PriceUS$1.34

Ownership Breakdown


Management Team

  • Jack Abuhoff (58yo)

    Chairman

    • Tenure: 22yrs
    • Compensation: US$1.02m
  • R. Kemp

    Senior Vice President of Product Innovation

    • Tenure: 0yrs
  • Ashok Mishra (64yo)

    Executive VP & COO

    • Tenure: 12.7yrs
    • Compensation: US$564.76k
  • Amy Agress (54yo)

    Senior VP

    • Tenure: 21.7yrs
  • Kate McDonald

    Head of Aerospace & Defense Practice and Vice President

    • Tenure: 12.7yrs
  • Martin Lyster

    Chief Executive Officer of AgilityPR Solutions

    • Tenure: 0yrs
  • Rahul Singhal

    Chief Product Officer

    • Tenure: 0.7yrs
  • Robert O’Connor (57yo)

    CFO, Principal Financial Officer & Principal Accounting Officer

    • Tenure: 0.4yrs

Board Members

  • Brian Kardon (61yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$39.28k
  • David Atkinson (66yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$39.28k
  • Jack Abuhoff (58yo)

    Chairman

    • Tenure: 22yrs
    • Compensation: US$1.02m
  • Doug Manoni (59yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$39.28k
  • Louise Forlenza (70yo)

    Independent Director

    • Tenure: 16.9yrs
    • Compensation: US$58.03k
  • Stewart Massey (62yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$60.03k
  • Nick Toor (50yo)

    Director

    • Tenure: 0.08yrs
  • Mike Opat (58yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$48.03k

Company Information

Innodata Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Innodata Inc.
  • Ticker: INOD
  • Exchange: NasdaqGM
  • Founded: 1988
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$32.700m
  • Shares outstanding: 25.95m
  • Website: https://www.innodata.com

Number of Employees


Location

  • Innodata Inc.
  • 55 Challenger Road
  • Suite 202
  • Ridgefield Park
  • New Jersey
  • 7660
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INODNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDAug 1993
ID6DB (Deutsche Boerse AG)YesCommon StockDEEURAug 1993

Biography

Innodata Inc. operates as a digital services and solution company worldwide. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility PR Solutions (Agility). The DDS  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:36
End of Day Share Price2019/09/18 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.