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ChannelAdvisor

NYSE:ECOM
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECOM
NYSE
$251M
Market Cap
  1. Home
  2. US
  3. Software
Company description

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. The last earnings update was 46 days ago. More info.


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  • ChannelAdvisor has significant price volatility in the past 3 months.
ECOM Share Price and Events
7 Day Returns
-0.9%
NYSE:ECOM
3.8%
US Software
2.2%
US Market
1 Year Returns
-36.9%
NYSE:ECOM
28.7%
US Software
3.8%
US Market
ECOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ChannelAdvisor (ECOM) -0.9% -7.6% -26.6% -36.9% -33.5% -65.8%
US Software 3.8% 5.7% 10% 28.7% 135% 157.1%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • ECOM underperformed the Software industry which returned 28.7% over the past year.
  • ECOM underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
ECOM
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ChannelAdvisor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ChannelAdvisor.

NYSE:ECOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ECOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (8.09%))
1.142
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.142 * 5.96%)
9.54%

Discounted Cash Flow Calculation for NYSE:ECOM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ChannelAdvisor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:ECOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.54%)
2019 14.56 Analyst x2 13.30
2020 14.55 Analyst x2 12.12
2021 19.72 Analyst x1 15.01
2022 24.04 Analyst x1 16.70
2023 28.81 Analyst x1 18.27
2024 32.68 Est @ 13.46% 18.92
2025 36.03 Est @ 10.24% 19.04
2026 38.91 Est @ 7.99% 18.77
2027 41.40 Est @ 6.41% 18.24
2028 43.60 Est @ 5.31% 17.53
Present value of next 10 years cash flows $167.91
NYSE:ECOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $43.60 × (1 + 2.73%) ÷ (9.54% – 2.73%)
$658.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $658.07 ÷ (1 + 9.54%)10
$264.68
NYSE:ECOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $167.91 + $264.68
$432.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $432.59 / 27.86
$15.53
NYSE:ECOM Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.53
Current discount Discount to share price of $9.02
= -1 x ($9.02 - $15.53) / $15.53
41.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ChannelAdvisor is available for.
Intrinsic value
42%
Share price is $9.02 vs Future cash flow value of $15.53
Current Discount Checks
For ChannelAdvisor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ChannelAdvisor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ChannelAdvisor's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ChannelAdvisor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ChannelAdvisor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ECOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.25
NYSE:ECOM Share Price ** NYSE (2019-06-21) in USD $9.02
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 51.8x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ChannelAdvisor.

NYSE:ECOM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ECOM Share Price ÷ EPS (both in USD)

= 9.02 ÷ -0.25

-36.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ChannelAdvisor is loss making, we can't compare its value to the US Software industry average.
  • ChannelAdvisor is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does ChannelAdvisor's expected growth come at a high price?
Raw Data
NYSE:ECOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -36.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
65.6%per year
United States of America Software Industry PEG Ratio Median Figure of 67 Publicly-Listed Software Companies 2.96x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ChannelAdvisor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ChannelAdvisor's assets?
Raw Data
NYSE:ECOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.21
NYSE:ECOM Share Price * NYSE (2019-06-21) in USD $9.02
United States of America Software Industry PB Ratio Median Figure of 222 Publicly-Listed Software Companies 5.83x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
NYSE:ECOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ECOM Share Price ÷ Book Value per Share (both in USD)

= 9.02 ÷ 3.21

2.81x

* Primary Listing of ChannelAdvisor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ChannelAdvisor is good value based on assets compared to the US Software industry average.
X
Value checks
We assess ChannelAdvisor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. ChannelAdvisor has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ChannelAdvisor expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ChannelAdvisor expected to grow at an attractive rate?
  • ChannelAdvisor's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ChannelAdvisor's earnings growth is expected to exceed the United States of America market average.
  • ChannelAdvisor's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ECOM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ECOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 65.6%
NYSE:ECOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 7.9%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ECOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ECOM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 184 32 15 1
2022-12-31 170 28 10 1
2021-12-31 157 23 5 2
2020-12-31 140 18 0 8
2019-12-31 132 18 -3 8
NYSE:ECOM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 131 1 -7
2018-12-31 131 1 -8
2018-09-30 131 0 -9
2018-06-30 128 -2 -10
2018-03-31 126 -1 -12
2017-12-31 123 -3 -17
2017-09-30 120 0 -10
2017-06-30 118 5 -9
2017-03-31 115 9 -12
2016-12-31 113 12 -8
2016-09-30 111 13 -15
2016-06-30 107 11 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ChannelAdvisor's earnings are expected to grow significantly at over 20% yearly.
  • ChannelAdvisor's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ECOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from ChannelAdvisor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ECOM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.50 0.50 0.50 1.00
2022-12-31 0.34 0.34 0.34 1.00
2021-12-31 0.19 0.19 0.19 1.00
2020-12-31 0.01 0.11 -0.11 5.00
2019-12-31 -0.10 -0.07 -0.16 5.00
NYSE:ECOM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.25
2018-12-31 -0.28
2018-09-30 -0.32
2018-06-30 -0.39
2018-03-31 -0.44
2017-12-31 -0.63
2017-09-30 -0.39
2017-06-30 -0.34
2017-03-31 -0.45
2016-12-31 -0.31
2016-09-30 -0.57
2016-06-30 -0.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ChannelAdvisor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ChannelAdvisor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ChannelAdvisor has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ChannelAdvisor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ChannelAdvisor's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ChannelAdvisor does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ChannelAdvisor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ChannelAdvisor's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
ChannelAdvisor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ChannelAdvisor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ECOM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 131.35 -6.77 85.95 21.79
2018-12-31 131.22 -7.60 86.28 22.36
2018-09-30 130.53 -8.67 90.08 22.98
2018-06-30 128.31 -10.44 89.62 23.39
2018-03-31 125.65 -11.66 85.47 22.80
2017-12-31 122.54 -16.56 85.30 21.87
2017-09-30 120.19 -10.26 83.86 20.54
2017-06-30 118.09 -8.76 82.06 19.29
2017-03-31 115.18 -11.50 82.94 18.55
2016-12-31 113.20 -8.01 78.23 17.74
2016-09-30 110.87 -14.52 78.62 17.33
2016-06-30 107.26 -16.76 78.09 16.83
2016-03-31 104.34 -16.56 75.73 16.59
2015-12-31 100.59 -20.95 77.61 16.57
2015-09-30 94.98 -26.81 79.02 16.22
2015-06-30 91.57 -31.02 79.10 16.37
2015-03-31 88.15 -34.10 78.00 16.38
2014-12-31 84.90 -34.51 77.62 16.59
2014-09-30 81.56 -36.59 72.91 16.10
2014-06-30 77.21 -31.88 66.82 14.93
2014-03-31 72.42 -27.27 59.81 13.65
2013-12-31 68.00 -20.63 50.27 12.43
2013-09-30 63.51 -11.39 43.59 11.46
2013-06-30 59.91 -9.06 39.02 10.93
2013-03-31 56.34 -6.81 35.53 10.54
2012-12-31 53.59 -4.93 32.58 10.11
2012-09-30 50.40 -4.74 30.28 9.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ChannelAdvisor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ChannelAdvisor has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ChannelAdvisor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ChannelAdvisor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ChannelAdvisor has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ChannelAdvisor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ChannelAdvisor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ChannelAdvisor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ChannelAdvisor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ChannelAdvisor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 26.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ChannelAdvisor Company Filings, last reported 2 months ago.

NYSE:ECOM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 89.45 0.00 48.42
2018-12-31 89.64 0.00 47.19
2018-09-30 86.82 0.00 48.89
2018-06-30 86.43 0.00 50.91
2018-03-31 87.29 0.00 54.75
2017-12-31 81.91 0.00 53.42
2017-09-30 78.80 0.00 54.18
2017-06-30 79.63 0.00 57.88
2017-03-31 80.58 0.00 63.39
2016-12-31 87.00 0.00 65.42
2016-09-30 78.85 0.00 64.73
2016-06-30 78.39 0.00 62.37
2016-03-31 82.13 0.00 61.67
2015-12-31 83.92 0.00 60.47
2015-09-30 81.83 0.00 58.98
2015-06-30 83.27 0.00 57.71
2015-03-31 86.62 0.00 62.89
2014-12-31 93.65 0.00 68.37
2014-09-30 97.11 0.00 82.28
2014-06-30 103.16 0.00 85.12
2014-03-31 109.93 0.00 94.96
2013-12-31 117.78 0.00 104.41
2013-09-30 90.15 11.35 90.29
2013-06-30 93.91 11.22 94.05
2013-03-31 15.46 11.09 10.96
2012-12-31 17.55 10.97 10.87
2012-09-30 16.16 6.85 7.64
  • ChannelAdvisor's level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.8% vs 3.4% today).
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.

  • ChannelAdvisor has sufficient cash runway for more than 3 years based on current free cash flow.
  • ChannelAdvisor has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 87.5% each year.
X
Financial health checks
We assess ChannelAdvisor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ChannelAdvisor has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ChannelAdvisor dividends.
If you bought $2,000 of ChannelAdvisor shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ChannelAdvisor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ChannelAdvisor's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ECOM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ECOM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ChannelAdvisor has not reported any payouts.
  • Unable to verify if ChannelAdvisor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ChannelAdvisor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ChannelAdvisor 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.
X
Income/ dividend checks
We assess ChannelAdvisor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ChannelAdvisor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ChannelAdvisor has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Spitz
COMPENSATION $1,709,095
AGE 45
TENURE AS CEO 4.1 years
CEO Bio

Mr. David J. Spitz serves as member of advisory board of Bull City Venture Partners. He has been Chief Executive Officer of ChannelAdvisor Corporation since May 2015 and served as its President and Chief Operating Officer since 2010 until May 2015 and served as its Vice President of Product Management and Client Services. Mr. Spitz is responsible for ChannelAdvisor's worldwide product management and client services. He is a technology entrepreneur who has founded and successfully exited multiple venture-backed software companies. Mr. Spitz served as an Entrepreneur-In-Residence of The Aurora Funds, Inc. He has deep software business experience. Mr. Spitz served as an Advisor of Inlet Technologies Inc. He has significant experience developing and commercializing new software technology in industries as diverse as media, wireless and telecommunications. Prior to Avesair, he was co-founder of Netsation, a network management software company acquired by Bay Networks, which was subsequently acquired by Nortel Networks. Most recently, Mr. Spitz served as Founder and Chief Executive Officer of TxFS. Previously he served as the President at Avesair, which he sold to Inphonic. He is an active angel investor and served as an Advisor to numerous startups in the research triangle area, including Pinpoint (now Motricity), and Synthematix. Mr. Spitz is the Chairman of the North Carolina School of Science and Mathematics Foundation Board. He has been a Director at ChannelAdvisor Corporation since April 28, 2015. He has been a Director of Adwerx, Inc. since March 2015. Mr. Spitz served as a Director of The Council for Entrepreneurial Development. Mr. Spitz holds a Bachelor of Computer Science from the University of California, San Diego.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ChannelAdvisor management team in years:

4.1
Average Tenure
49
Average Age
  • The tenure for the ChannelAdvisor management team is about average.
Management Team

Mitchell Wingo

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$278K
AGE
49
TENURE
18 yrs

David Spitz

TITLE
CEO & Director
COMPENSATION
$2M
AGE
45
TENURE
4.1 yrs

Diana Allen

TITLE
VP, General Counsel & Secretary
COMPENSATION
$797K
AGE
49
TENURE
5.4 yrs

Richard Cornetta

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Traci Mangini

TITLE
Director of Investor Relations

Melissa Sargeant

TITLE
Chief Marketing Officer
TENURE
3.1 yrs

Amy Robertson

TITLE
Chief People Officer & VP
TENURE
2.8 yrs

James Huang

TITLE
MD & VP of Greater China
TENURE
5.5 yrs

Michal Kaluzynski

TITLE
Head of Services - EMEA
TENURE
5.2 yrs

Mike Shapaker

TITLE
MD of EMEA & VP of Product Management
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the ChannelAdvisor board of directors in years:

3.3
Average Tenure
49
Average Age
  • The tenure for the ChannelAdvisor board of directors is about average.
Board of Directors

David Spitz

TITLE
CEO & Director
COMPENSATION
$2M
AGE
45
TENURE
4.2 yrs

Tim Buckley

TITLE
Lead Independent Director
COMPENSATION
$230K
AGE
66
TENURE
2.9 yrs

Mitchell Wingo

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$278K
AGE
49
TENURE
4.1 yrs

Tim Williams

TITLE
Independent Director
COMPENSATION
$229K
AGE
69
TENURE
6.6 yrs

Janet Cowell

TITLE
Director
COMPENSATION
$213K
AGE
49
TENURE
3.3 yrs

Jon Sakoda

TITLE
Board Observer
AGE
40

Marc Huffman

TITLE
Director
COMPENSATION
$208K
AGE
47
TENURE
3.3 yrs

Joe Cowan

TITLE
Director
COMPENSATION
$211K
AGE
69
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Dec 18 Sell Mitchell Wingo Individual 04. Dec 18 04. Dec 18 -3,600 $10.64 $-38,304
31. Aug 18 Sell Mitchell Wingo Individual 30. Aug 18 30. Aug 18 -2,103 $13.00 $-27,339
29. Aug 18 Sell Mitchell Wingo Individual 28. Aug 18 29. Aug 18 -47,692 $13.02 $-620,950
X
Management checks
We assess ChannelAdvisor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ChannelAdvisor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Investors Undervaluing ChannelAdvisor Corporation (NYSE:ECOM) By 37%?

Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $14.56 $14.55 $19.72 $24.04 $28.81 $32.68 $36.03 $38.91 $41.40 $43.60 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Analyst x1 Est @ 13.46% Est @ 10.24% Est @ 7.99% Est @ 6.41% Est @ 5.31% Present Value ($, Millions) Discounted @ 9.57% $13.29 $12.12 $14.99 $16.68 $18.24 $18.88 $19.00 $18.72 $18.18 $17.47 Present Value of 10-year Cash Flow (PVCF)= $167.57m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage.

Simply Wall St -

How Much Did ChannelAdvisor Corporation's (NYSE:ECOM) CEO Pocket Last Year?

David Spitz has been the CEO of ChannelAdvisor Corporation (NYSE:ECOM) since 2015. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Spitz's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Insiders Own Shares In ChannelAdvisor Corporation (NYSE:ECOM)?

If you want to know who really controls ChannelAdvisor Corporation (NYSE:ECOM), then you'll have to look at the makeup of its share registry. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Have Insiders Been Selling ChannelAdvisor Corporation (NYSE:ECOM) Shares?

So we'll take a look at whether insiders have been buying or selling shares in ChannelAdvisor Corporation (NYSE:ECOM). … But equally, we would consider it foolish to ignore insider transactions altogether. … ChannelAdvisor Insider Transactions Over The Last Year.

Simply Wall St -

ChannelAdvisor Corporation (NYSE:ECOM): When Will It Breakeven?

The US$312m market-cap company’s loss lessens since it announced a -US$16.6m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$8.7m, as it approaches breakeven. … In this article, I will touch on the expectations for ECOM’s growth and when analysts expect the company to become profitable … View our latest analysis for ChannelAdvisor

Simply Wall St -

Can We See Significant Institutional Ownership On The ChannelAdvisor Corporation (NYSE:ECOM) Share Register?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … ChannelAdvisor is a smaller company with a market capitalization of US$280m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Much is ChannelAdvisor Corporation's (NYSE:ECOM) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Spitz's Compensation Compare With Similar Sized Companies. … Our data indicates that ChannelAdvisor Corporation is worth US$285m, and total annual CEO compensation is US$1.9m.

Simply Wall St -

Why Are Insiders Cautious About ChannelAdvisor Corporation's (NYSE:ECOM) Shares?

some insider selling over the past three months, with insiders divesting from. … Generally, insiders selling shares in their own firm sends a bearish signal. … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market

Simply Wall St -

What Did ChannelAdvisor Corporation's (NYSE:ECOM) CEO Take Home Last Year?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Want To Invest In ChannelAdvisor Corporation (NYSE:ECOM)? Here's How It Performed Lately

After looking at ChannelAdvisor Corporation's (NYSE:ECOM) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … As a long term investor, I pay close attention to earnings trend, rather than the figures published at one point in time. … ECOM is loss-making, with the most recent trailing twelve-month earnings of -US$11.66m (from 31 March 2018), which compared to last year has become

Simply Wall St -

Company Info

Description

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness. Its suite of solutions include various modules, including Marketplaces module that connects customers to third-party marketplaces; and Digital Marketing module, which connects customers to compare shopping Websites that allow customers to advertise products on search engines. The company also offers Where to Buy solution that allows brands to provide their Web visitors or digital marketing audiences with information about the authorized resellers that carry their products and the availability of those products; and Product Intelligence, a solution that provides brands with insights about online assortment, product coverage gaps, pricing trends, and adherence by their retailers to content guidelines. Its customers include online businesses of online businesses of brands and retailers, as well as advertising agencies that use its solutions on behalf of their clients. The company was founded in 2001 and is headquartered in Morrisville, North Carolina.

Details
Name: ChannelAdvisor Corporation
ECOM
Exchange: NYSE
Founded: 2001
$251,257,250
27,855,571
Website: http://www.channeladvisor.com
Address: ChannelAdvisor Corporation
3025 Carrington Mill Boulevard,
Suite 500,
Morrisville,
North Carolina, 27560,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ECOM Common Shares New York Stock Exchange US USD 23. May 2013
DB CDL Common Shares Deutsche Boerse AG DE EUR 23. May 2013
Number of employees
Current staff
Staff numbers
730
ChannelAdvisor employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 00:55
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.