NYSE:ECOM

Stock Analysis Report

Executive Summary

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.9%

ECOM

-0.2%

US Software

-0.2%

US Market


1 Year Return

-13.5%

ECOM

14.6%

US Software

1.1%

US Market

ECOM underperformed the Software industry which returned 14.7% over the past year.

ECOM underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

ECOMIndustryMarket
7 Day-3.9%-0.2%-0.2%
30 Day5.4%-1.6%2.5%
90 Day6.0%-1.1%1.6%
1 Year-13.5%-13.5%16.2%14.6%3.4%1.1%
3 Year-23.6%-23.6%121.1%112.4%45.2%35.8%
5 Year-39.6%-39.6%170.3%150.5%62.6%44.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, but not at a substantial discount (< 40%).


Price Based on Earnings

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

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


Price Based on Value of Assets

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


Next Steps

Future Growth

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

52.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ChannelAdvisor's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).

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

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

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

ChannelAdvisor'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 ChannelAdvisor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has ChannelAdvisor performed over the past 5 years?

34.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is ChannelAdvisor's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

ChannelAdvisor has no debt.

ChannelAdvisor had no debt 5 years ago.


Balance Sheet

Low level of unsold assets.

ChannelAdvisor 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 ChannelAdvisor has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making ChannelAdvisor has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 86.8% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

David Spitz (46yo)

4.3yrs

Tenure

US$1,709,095

Compensation

Mr. David J. Spitz 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 Pre ...


CEO Compensation Analysis

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

David's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

50yo

Average Age

The tenure for the ChannelAdvisor management team is about average.


Board Age and Tenure

3.6yrs

Average Tenure

50yo

Average Age

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


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$38,30407 Dec 18
Mitchell Wingo
EntityIndividual
Role
Chairman of the Board
Co-Founder & Executive Chairman
Shares3,600
Max PriceUS$10.64

Ownership Breakdown


Management Team

  • Mitchell Wingo (50yo)

    Co-Founder & Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: US$278.39k
  • David Spitz (46yo)

    CEO & Director

    • Tenure: 4.3yrs
    • Compensation: US$1.71m
  • James Huang

    MD & VP of Greater China

    • Tenure: 5.8yrs
  • Diana Allen (50yo)

    VP, General Counsel & Secretary

    • Tenure: 5.7yrs
    • Compensation: US$797.44k
  • Michal Kaluzynski

    Head of Services - EMEA

    • Tenure: 5.4yrs
  • Richard Cornetta

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Melissa Sargeant

    Chief Marketing Officer

    • Tenure: 3.3yrs
  • Amy Robertson

    Chief People Officer & VP

    • Tenure: 3yrs
  • Beth Segovia

    Chief Operating Officer

    • Tenure: 0.08yrs
  • Traci Mangini

    Director of Investor Relations

    • Tenure: 0yrs

Board Members

  • Tim Buckley (67yo)

    Lead Independent Director

    • Tenure: 3.2yrs
    • Compensation: US$229.76k
  • Tim Williams (70yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$229.39k
  • Mitchell Wingo (50yo)

    Co-Founder & Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: US$278.39k
  • Joe Cowan (70yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: US$210.64k
  • Janet Cowell (50yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$213.39k
  • Jon Sakoda (41yo)

    Board Observer

    • Tenure: 0yrs
  • David Spitz (46yo)

    CEO & Director

    • Tenure: 4.3yrs
    • Compensation: US$1.71m
  • Marc Huffman (48yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$208.39k

Company Information

ChannelAdvisor Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ChannelAdvisor Corporation
  • Ticker: ECOM
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$268.088m
  • Shares outstanding: 28.04m
  • Website: https://www.channeladvisor.com

Number of Employees


Location

  • ChannelAdvisor Corporation
  • 3025 Carrington Mill Boulevard
  • Suite 500
  • Morrisville
  • North Carolina
  • 27560
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECOMNYSE (New York Stock Exchange)YesCommon SharesUSUSDMay 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:08
End of Day Share Price2019/09/19 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.