NasdaqCM:OSPN

Stock Analysis Report

Executive Summary

OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.8%

NasdaqCM:OSPN

3.2%

US Software

2.9%

US Market


1 Year Return

-22.9%

NasdaqCM:OSPN

19.1%

US Software

0.2%

US Market

OSPN underperformed the Software industry which returned 18.6% over the past year.

OSPN underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

OSPNIndustryMarket
7 Day6.8%3.2%2.9%
30 Day-7.3%-2.8%-2.3%
90 Day2.1%4.6%3.1%
1 Year-22.9%-22.9%20.8%19.1%2.4%0.2%
3 Year-26.4%-26.4%117.8%109.2%41.7%32.4%
5 Year-3.9%-3.9%166.1%146.9%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.28x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

OneSpan's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

OneSpan's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

OneSpan 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 OneSpan, we can't assess if its growth is good value.


Price Based on Value of Assets

OneSpan is good value based on assets compared to the US Software industry average.


Next Steps

Future Growth

How is OneSpan expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

199.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

OneSpan's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).

OneSpan's earnings are expected to grow significantly at over 20% yearly.

OneSpan's revenue growth is expected to exceed the United States of America market average.

OneSpan's earnings growth is expected to exceed the United States of America market average.

OneSpan's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if OneSpan will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has OneSpan performed over the past 5 years?

-55.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

OneSpan does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

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

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


Return on Equity

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


Return on Capital Employed

It is difficult to establish if OneSpan 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 OneSpan's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

OneSpan has no debt.

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

OneSpan has no debt, it does not need to be covered by operating cash flow.

OneSpan has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

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


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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

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

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

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


Current Payout to Shareholders

Unable to calculate sustainability of dividends as OneSpan 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 OneSpan's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Scott Clements (56yo)

2.1yrs

Tenure

US$2,427,711

Compensation

Mr. Scott M. Clements has been the President and Chief Executive Officer of OneSpan Inc. (Former Name: VASCO Data Security International Inc.)since November 15, 2016 and July 28, 2017 respectively. Mr. Cle ...


CEO Compensation Analysis

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

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


Management Age and Tenure

2.6yrs

Average Tenure

57yo

Average Age

The tenure for the OneSpan management team is about average.


Board Age and Tenure

6.7yrs

Average Tenure

60yo

Average Age

The tenure for the OneSpan board of directors is about average.


Insider Trading

OneSpan individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$144,60014 Jun 19
Marc Zenner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$15.00
SellUS$929,28012 Jun 19
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares66,000
Max PriceUS$14.08
SellUS$487,22011 Jun 19
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares34,000
Max PriceUS$14.33
BuyUS$50,21230 May 19
Scott Clements
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares3,550
Max PriceUS$14.14
BuyUS$99,29123 May 19
Scott Clements
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares6,840
Max PriceUS$14.80
BuyUS$19,370,91501 Nov 18
Legion Partners Asset Management, LLC
EntityCompany
Shares1,056,730
Max PriceUS$18.75
SellUS$7,501,25017 Sep 18
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares425,000
Max PriceUS$17.65
SellUS$9,18517 Sep 18
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares500
Max PriceUS$18.37
SellUS$986,17214 Sep 18
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares53,947
Max PriceUS$18.31
SellUS$156,33111 Sep 18
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares8,706
Max PriceUS$17.96
SellUS$2,249,30107 Sep 18
Thomas Hunt
EntityIndividual
Role
Member of the Board of Directors
Founder & Director
Shares126,596
Max PriceUS$17.92

Ownership Breakdown


Management Team

  • Ken Hunt (75yo)

    Founder & Director

    • Tenure: 22.1yrs
    • Compensation: US$450.00k
  • John Gunn (58yo)

    Vice President of Corporate Communications

    • Tenure: 2.6yrs
  • Mark Hoyt (51yo)

    CFO, Executive VP & Treasurer

    • Tenure: 3.8yrs
    • Compensation: US$1.32m
  • Steve Worth

    Chief Compliance Officer

    • Tenure: 2.6yrs
  • Scott Clements (56yo)

    CEO, President & Director

    • Tenure: 2.1yrs
    • Compensation: US$2.43m
  • Benoit Grange

    Chief Technology Officer

    • Tenure: 2.6yrs
  • Jeff Cole

    Chief Information Officer

    • Tenure: 2.3yrs
  • Joe Maxa

    Director of Investor Relations

    • Tenure: 0.0yrs
  • Dan Dica

    Senior Vice President of Worldwide Sales

    • Tenure: 0.0yrs
  • Giovanni Verhaeghe

    Vice President of Corporate Development & Hardware Operations

    • Tenure: 1.6yrs

Board Members

  • Jean Holley (60yo)

    Independent Director

    • Tenure: 13.0yrs
    • Compensation: US$174.50k
  • Matthew Moog (49yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: US$170.00k
  • Ken Hunt (75yo)

    Founder & Director

    • Tenure: 22.1yrs
    • Compensation: US$450.00k
  • Michael Cullinane (69yo)

    Independent Director

    • Tenure: 21.3yrs
    • Compensation: US$178.50k
  • Marc Boroditsky

    Director

    • Tenure: 0.2yrs
  • John Fox (76yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: US$177.00k
  • Scott Clements (56yo)

    CEO, President & Director

    • Tenure: 2.1yrs
    • Compensation: US$2.43m
  • Marc Zenner (56yo)

    Director

    • Tenure: 0.2yrs

Company Information

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


Key Information

  • Name: OneSpan Inc.
  • Ticker: OSPN
  • Exchange: NasdaqCM
  • Founded: 1991
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$557.711m
  • Shares outstanding: 40.09m
  • Website: https://www.onespan.com

Number of Employees


Location

  • OneSpan Inc.
  • 121 West Wacker Drive
  • Suite 2050
  • Chicago
  • Illinois
  • 60601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OSPNNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 1998
VDYDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1998
0YNULSE (London Stock Exchange)YesCommon StockGBUSDMar 1998

Biography

OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers DIGIPASS hardware authenticato ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:44
End of Day Share Price2019/08/21 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.