NasdaqGS:TNAV

Stock Analysis Report

Executive Summary

Telenav, Inc., together with its subsidiaries, provides connected car and location-based platform services in the United States and internationally.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TNAV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.8%

TNAV

2.3%

US Software

1.7%

US Market


1 Year Return

10.2%

TNAV

39.4%

US Software

23.6%

US Market

Return vs Industry: TNAV underperformed the US Software industry which returned 39.8% over the past year.

Return vs Market: TNAV underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

TNAVIndustryMarket
7 Day6.8%2.3%1.7%
30 Day1.4%6.5%3.5%
90 Day13.5%19.7%11.7%
1 Year10.2%10.2%40.6%39.4%26.2%23.6%
3 Year-46.5%-46.5%144.8%135.0%53.2%43.3%
5 Year-26.3%-26.3%199.4%178.0%75.5%56.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TNAV ($4.64) is trading above our estimate of fair value ($1.98)

Significantly Below Fair Value: TNAV is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TNAV is good value based on its PB Ratio (2.4x) compared to the US Software industry average (5.9x).


Next Steps

Future Growth

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

55.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNAV is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TNAV is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TNAV is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TNAV's revenue (6.8% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: TNAV's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TNAV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Telenav performed over the past 5 years?

-1.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNAV is currently unprofitable.

Growing Profit Margin: TNAV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TNAV is unprofitable, and losses have increased over the past 5 years at a rate of -1.4% per year.

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

Earnings vs Industry: TNAV is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.8%).


Return on Equity

High ROE: TNAV has a negative Return on Equity (-30.38%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Telenav's financial position?


Financial Position Analysis

Short Term Liabilities: TNAV's short term assets ($202.7M) exceed its short term liabilities ($105.3M).

Long Term Liabilities: TNAV's short term assets ($202.7M) exceed its long term liabilities ($111.9M).


Debt to Equity History and Analysis

Debt Level: TNAV is debt free.

Reducing Debt: TNAV has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if TNAV's debt is 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.

Stable Cash Runway: Whilst unprofitable TNAV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TNAV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 73.8% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TNAV'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 TNAV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TNAV'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 TNAV'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 Telenav's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

H. Jin (55yo)

18.1yrs

Tenure

US$1,035,582

Compensation

Dr. H. P. Jin, Ph.D. is a Co-Founder of TeleNav, Inc. and has been its Chairman and Chief Executive Officer since December 2001 and its President since October 1999. Dr. Jin served as a Senior Strategy Con ...


CEO Compensation Analysis

Compensation vs Market: H.'s total compensation ($USD1.04M) is about average for companies of similar size in the US market ($USD1.08M).

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


Management Age and Tenure

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: TNAV's management team is considered experienced (2 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: TNAV's board of directors are considered experienced (6 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$734,00020 Nov 19
H. Jin
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares150,000
Max PriceUS$4.94
BuyUS$671,40023 Sep 19
H. Jin
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares60,000
Max PriceUS$11.37
SellUS$389,09422 Aug 19
Hassan Wahla
EntityIndividual
Role
Other Key Executive
Co-President of Automotive Business Unit
Shares34,191
Max PriceUS$11.38
BuyUS$423,40015 Aug 19
H. Jin
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares40,000
Max PriceUS$10.77
SellUS$5,379,06014 Aug 19
Divisar Capital Management, LLC
EntityCompany
Shares584,641
Max PriceUS$10.52
SellUS$3,780,30028 May 19
Divisar Capital Management, LLC
EntityCompany
Shares510,000
Max PriceUS$7.72
BuyUS$229,22818 Mar 19
Nokomis Capital, L.L.C.
EntityCompany
Shares37,658
Max PriceUS$6.09
BuyUS$609,83015 Mar 19
Nokomis Capital, L.L.C.
EntityCompany
Shares100,000
Max PriceUS$6.10
BuyUS$379,42719 Feb 19
Nokomis Capital, L.L.C.
EntityCompany
Shares72,993
Max PriceUS$5.21
BuyUS$193,19215 Feb 19
Nokomis Capital, L.L.C.
EntityCompany
Shares37,404
Max PriceUS$5.17
BuyUS$253,76914 Feb 19
Nokomis Capital, L.L.C.
EntityCompany
Shares50,400
Max PriceUS$5.04

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Management Team

  • H. Jin (55yo)

    Co-Founder

    • Tenure: 18.1yrs
    • Compensation: US$1.04m
  • Hassan Wahla (47yo)

    Co-President of Automotive Business Unit

    • Tenure: 6yrs
    • Compensation: US$696.03k
  • Steve Debenham (57yo)

    VP, General Counsel & Secretary

    • Tenure: 0.4yrs
  • Sal Dhanani (46yo)

    Co-Founder & Co-President of Automotive Business Unit

    • Tenure: 6yrs
    • Compensation: US$812.56k
  • Yi Chao (55yo)

    Co-Founder & Chief Technical Officer

    • Brent Fraser

      Co-President & GM of Ads Business Unit

      • Tenure: 2yrs
    • Brett Kohn

      Co President & GM of Ads Business Unit

      • Tenure: 2yrs
    • Mike Bishop

      Investor Relations Officer

      • Adeel Manzoor (44yo)

        CFO, Treasurer

        • Tenure: 0.5yrs

      Board Members

      • Doug Miller (61yo)

        Independent Director

        • Tenure: 4.5yrs
        • Compensation: US$165.38k
      • H. Jin (55yo)

        Co-Founder

        • Tenure: 18.1yrs
        • Compensation: US$1.04m
      • Ken Xie (56yo)

        Independent Director

        • Tenure: 7.5yrs
        • Compensation: US$151.38k
      • Wes Cummins (41yo)

        Independent Director

        • Tenure: 3.4yrs
        • Compensation: US$154.04k
      • Randy Ortiz (61yo)

        Independent Director

        • Tenure: 2.3yrs
        • Compensation: US$162.75k
      • Samuel Chen (68yo)

        Independent Director

        • Tenure: 18yrs
        • Compensation: US$152.71k

      Company Information

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


      Key Information

      • Name: Telenav, Inc.
      • Ticker: TNAV
      • Exchange: NasdaqGS
      • Founded: 1999
      • Industry: Application Software
      • Sector: Software
      • Market Cap: US$240.402m
      • Shares outstanding: 48.57m
      • Website: https://www.telenav.com

      Number of Employees


      Location

      • Telenav, Inc.
      • 4655 Great America Parkway
      • Suite 300
      • Santa Clara
      • California
      • 95054
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      TNAVNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2010
      74DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2010

      Biography

      Telenav, Inc., together with its subsidiaries, provides connected car and location-based platform services in the United States and internationally. The company operates through Automotive and Mobile Navigation segments. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services. The company also provides voice-guided, real-time, turn by turn, and mobile navigation services under various brand names, including Telenav GPS, as well as under wireless carrier brands. Its customers include wireless carriers, automobile manufacturers, original equipment manufacturers, advertisers, advertising agencies, and end users. The company distributes its services primarily through wireless carrier partners. Telenav, Inc. was incorporated in 1999 and is headquartered in Santa Clara, California. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/20 00:16
      End of Day Share Price2020/01/17 00:00
      Earnings2019/09/30
      Annual Earnings2019/06/30


      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.