NasdaqCM:PHUN

Stock Analysis Report

Executive Summary

Phunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PHUN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.9%

PHUN

-9.9%

US Software

-10.6%

US Market


1 Year Return

-96.0%

PHUN

20.4%

US Software

5.2%

US Market

Return vs Industry: PHUN underperformed the US Software industry which returned 20.4% over the past year.

Return vs Market: PHUN underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

PHUNIndustryMarket
7 Day-8.9%-9.9%-10.6%
30 Day23.5%-5.5%-8.5%
90 Day-12.5%1.9%-4.6%
1 Year-96.0%-96.0%21.7%20.4%7.4%5.2%
3 Yearn/a122.5%112.9%31.7%23.2%
5 Yearn/a190.9%169.8%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Phunware undervalued compared to its fair value and its price relative to the market?

6.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PHUN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PHUN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PHUN is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: PHUN 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 PHUN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PHUN is overvalued based on its PB Ratio (6.8x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

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

11.0%

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 Phunware 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 Phunware performed over the past 5 years?

-2.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PHUN is currently unprofitable.

Growing Profit Margin: PHUN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PHUN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare PHUN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PHUN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).


Return on Equity

High ROE: PHUN has a negative Return on Equity (-194.07%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Phunware's financial position?


Financial Position Analysis

Short Term Liabilities: PHUN's short term assets ($3.9M) do not cover its short term liabilities ($19.5M).

Long Term Liabilities: PHUN's short term assets ($3.9M) do not cover its long term liabilities ($4.5M).


Debt to Equity History and Analysis

Debt Level: PHUN's debt to equity ratio (27.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PHUN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: PHUN has a low level of unsold assets or inventory.

Debt Coverage by Assets: PHUN's debt is covered by short term assets (assets are 2.2x 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: PHUN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PHUN has less than a year of cash runway if free cash flow continues to grow at historical rates of 29.6% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.1%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PHUN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PHUN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PHUN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PHUN'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 PHUN'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?

6.5yrs

Average management tenure


CEO

Alan Knitowski (48yo)

11yrs

Tenure

US$600,580

Compensation

Mr. Alan S. Knitowski founded Ecewa Capital Group LLC and serves as its Managing Director. Mr. Knitowski co-founded Phunware, Inc. in February 2009 and has been its Chief Executive Officer, President and D ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD600.58K) is about average for companies of similar size in the US market ($USD535.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alan Knitowski
Co-Founder11yrsUS$600.58k0.57% $219.9k
Luan Dang
Co-Founder & CTO11yrsUS$385.20k2.51% $972.9k
Randall Crowder
COO & Director1.2yrsUS$428.98k0.26% $100.5k
Matt Aune
Chief Financial Officer6.5yrsno data0.060% $23.3k
Tushar Patel
Executive Vice President of Corporate Development0yrsno datano data
Mike Snavely
Executive Vice President of Sales & Marketing0yrsno datano data
Barbary Brunner
Chief Marketing Officer1.8yrsno datano data
Matthew Lindenberger
Executive Vice President of Engineering0yrsno datano data

6.5yrs

Average Tenure

45.5yo

Average Age

Experienced Management: PHUN's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Knitowski
Co-Founder11yrsUS$600.58k0.57% $219.9k
Randall Crowder
COO & Director1.2yrsUS$428.98k0.26% $100.5k
Keith Cowan
Independent Director0yrsno data0.043% $16.8k
Marc Yagjian
0yrsno datano data
Frederick Manlunas
Independent Chairman of the Board0.2yrsno datano data
Blythe Masters
Director0.2yrsno datano data
Harvey Frye
0yrsno datano data
Cyrus Lum
Member of Board of Advisors0yrsno datano data
Brill Flint
Member of Board of Advisors0yrsno datano data
Lori Marcus
Independent Director0yrsno data0.046% $17.9k

0.7yrs

Average Tenure

51yo

Average Age

Experienced Board: PHUN's board of directors are not considered experienced ( 0.7 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 330.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Phunware, Inc.
  • Ticker: PHUN
  • Exchange: NasdaqCM
  • Founded: 2009
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$38.835m
  • Shares outstanding: 34.67m
  • Website: https://www.phunware.com

Number of Employees


Location

  • Phunware, Inc.
  • 7800 Shoal Creek Boulevard
  • Suite 230-S
  • Austin
  • Texas
  • 78757
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHUNNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDDec 2018
2RJDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2018
2RJBST (Boerse-Stuttgart)YesCommon StockDEEURDec 2018

Biography

Phunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers platforms as software-as-a-service, data-as-a-service, and application transactions media. Its product portfolio comprises enterprise mobile software, including content management, location-based services, marketing automation, business intelligence and analytics, alerts, notifications and messaging, audience engagement, and audience monetization, as well as vertical solutions, which are off-the-shelf, iOS-, and Android-based mobile application portfolios, solutions, and services; and cryptonetworking consisting of a PhunCoin crypto ecosystem that directly connects and rewards mobile application users and user segments, as well as MaaS software application frameworks that pre-integrates all of its MaaS software ingredients for use within mobile application portfolios, solutions, and services. The company also offers application transactions for mobile audience building, user acquisition application discovery, audience engagement, and audience monetization, which includes re-occurring and one-time transactional media purchases through insertion orders. In addition, it provides data for audience insights, campaign engagement, and business process optimization comprising re-occurring and one-time application transaction media campaigns and recurring one to five year data licensing for one-to-one, indoor and outdoor, and consumer targeting across global position system, high-and low-density Wifi, and physical and virtual beacons. The company was founded in 2009 and is headquartered in Austin, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:28
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
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.