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Issuer Direct

AMEX:ISDR
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISDR
AMEX
$50M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. The last earnings update was 18 days ago. More info.


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ISDR Share Price and Events
7 Day Returns
0.5%
AMEX:ISDR
3.8%
US Software
2.9%
US Market
1 Year Returns
-16.8%
AMEX:ISDR
22%
US Software
1.4%
US Market
ISDR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Issuer Direct (ISDR) 0.5% 6.9% 23.4% -16.8% 136.5% 16.4%
US Software 3.8% 4.9% 16% 22% 107.4% 132.9%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • ISDR underperformed the Software industry which returned 22% over the past year.
  • ISDR underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
ISDR
Industry
5yr Volatility vs Market
Related Companies

ISDR Value

 Is Issuer Direct 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 Issuer Direct 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    Our intrinsic value calculation method has changed recently, learn more here.

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

AMEX:ISDR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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 AMEX:ISDR
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%) (1.19%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.1 * 5.96%)
9.29%

Discounted Cash Flow Calculation for AMEX:ISDR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Issuer Direct 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.

AMEX:ISDR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.29%)
2019 2.07 Est @ 0.55% 1.90
2020 2.10 Est @ 1.2% 1.76
2021 2.13 Est @ 1.66% 1.63
2022 2.18 Est @ 1.98% 1.53
2023 2.22 Est @ 2.21% 1.43
2024 2.28 Est @ 2.36% 1.34
2025 2.33 Est @ 2.47% 1.25
2026 2.39 Est @ 2.55% 1.18
2027 2.45 Est @ 2.6% 1.10
2028 2.52 Est @ 2.64% 1.04
Present value of next 10 years cash flows $14.15
AMEX:ISDR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2.52 × (1 + 2.73%) ÷ (9.29% – 2.73%)
$39.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $39.47 ÷ (1 + 9.29%)10
$16.24
AMEX:ISDR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $14.15 + $16.24
$30.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $30.38 / 3.83
$7.93
AMEX:ISDR Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.93
Current discount Discount to share price of $13.10
= -1 x ($13.10 - $7.93) / $7.93
-65.2%

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

  • The current share price of Issuer Direct is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Issuer Direct's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Issuer Direct's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:ISDR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.25
AMEX:ISDR Share Price ** AMEX (2019-03-15) in USD $13.1
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.96x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

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

** Primary Listing of Issuer Direct.

AMEX:ISDR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:ISDR Share Price ÷ EPS (both in USD)

= 13.1 ÷ 0.25

53.45x

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

  • Issuer Direct is overvalued based on earnings compared to the US Software industry average.
  • Issuer Direct is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Issuer Direct's expected growth come at a high price?
Raw Data
AMEX:ISDR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
44.3%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.54x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

AMEX:ISDR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 53.45x ÷ 44.3%

1.21x

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

  • Issuer Direct is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Issuer Direct's assets?
Raw Data
AMEX:ISDR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.70
AMEX:ISDR Share Price * AMEX (2019-03-15) in USD $13.1
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.71x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
AMEX:ISDR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:ISDR Share Price ÷ Book Value per Share (both in USD)

= 13.1 ÷ 6.70

1.95x

* Primary Listing of Issuer Direct.

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

  • Issuer Direct is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Issuer Direct'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. Issuer Direct has a total score of 1/6, 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.

ISDR Future Performance

 How is Issuer Direct expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
44.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Issuer Direct expected to grow at an attractive rate?
  • Issuer Direct's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Issuer Direct's earnings growth is expected to exceed the United States of America market average.
  • Issuer Direct's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:ISDR Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:ISDR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 44.3%
AMEX:ISDR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14.2%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
AMEX:ISDR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:ISDR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 19 2 1
2019-12-31 17 1 1
AMEX:ISDR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14 3 1
2018-09-30 14 3 2
2018-06-30 14 3 2
2018-03-31 13 2 2
2017-12-31 13 3 2
2017-09-30 12 3 2
2017-06-30 12 3 2
2017-03-31 12 3 1
2016-12-31 12 3 2
2016-09-30 12 3 1
2016-06-30 12 3 1
2016-03-31 12 3 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Issuer Direct's earnings are expected to grow significantly at over 20% yearly.
  • Issuer Direct's revenue is expected to grow by 14.2% 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
AMEX:ISDR 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 1 Analyst Estimates (S&P Global) See Below

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

AMEX:ISDR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.51 0.51 0.51 1.00
2019-12-31 0.34 0.34 0.34 1.00
AMEX:ISDR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.25
2018-09-30 0.48
2018-06-30 0.58
2018-03-31 0.63
2017-12-31 0.63
2017-09-30 0.56
2017-06-30 0.53
2017-03-31 0.49
2016-12-31 0.55
2016-09-30 0.27
2016-06-30 0.25
2016-03-31 0.15

*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 Issuer Direct will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Issuer Direct'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.
Issuer Direct 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.

ISDR Past Performance

  How has Issuer Direct 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 Issuer Direct'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.
  • Issuer Direct has delivered over 20% year on year earnings growth in the past 5 years.
  • Issuer Direct's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Issuer Direct's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
Issuer Direct'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 Issuer Direct Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ISDR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14.23 0.84 7.09 1.28
2018-09-30 13.98 1.52 6.71 1.27
2018-06-30 13.66 1.74 6.42 1.09
2018-03-31 13.30 1.87 6.24 0.94
2017-12-31 12.63 1.87 5.99 0.76
2017-09-30 12.00 1.64 5.80 0.52
2017-06-30 11.95 1.52 5.92 0.50
2017-03-31 11.64 1.39 5.82 0.46
2016-12-31 12.06 1.56 5.79 0.40
2016-09-30 11.97 0.75 5.74 0.36
2016-06-30 11.88 0.69 5.52 0.29
2016-03-31 11.85 0.40 5.61 0.30
2015-12-31 11.62 0.14 5.58 0.33
2015-09-30 12.21 0.37 5.89 0.38
2015-06-30 12.65 0.31 5.99 0.42
2015-03-31 13.18 0.32 6.25 0.41
2014-12-31 13.63 0.04 6.54 0.39
2014-09-30 13.96 0.04 6.83 0.26
2014-06-30 12.84 0.08 6.44 0.17
2014-03-31 10.93 0.38 5.19 0.08
2013-12-31 8.84 0.63 4.07
2013-09-30 6.42 0.81 2.67
2013-06-30 5.54 0.91 2.18
2013-03-31 4.92 0.58 2.22
2012-12-31 4.31 0.31 2.11
2012-09-30 3.84 0.09 1.90
2012-06-30 3.52 -0.06 1.79
2012-03-31 3.51 0.21 1.53

*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.
  • Issuer Direct has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Issuer Direct used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Issuer Direct's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Issuer Direct'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.
Issuer Direct has a total score of 1/6, 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.

ISDR Health

 How is Issuer Direct'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 Issuer Direct's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Issuer Direct is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Issuer Direct's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Issuer Direct'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 31.9x 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 Issuer Direct Company Filings, last reported 2 months ago.

AMEX:ISDR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25.66 0.60 17.22
2018-09-30 28.10 0.88 19.44
2018-06-30 14.56 0.87 6.83
2018-03-31 13.73 0.86 5.48
2017-12-31 13.21 0.86 4.92
2017-09-30 11.99 0.00 6.41
2017-06-30 11.67 0.00 6.13
2017-03-31 11.01 0.00 5.59
2016-12-31 10.58 0.00 5.34
2016-09-30 10.01 0.00 5.14
2016-06-30 9.76 0.00 4.99
2016-03-31 9.20 0.00 4.28
2015-12-31 8.56 0.00 4.22
2015-09-30 8.77 0.00 3.69
2015-06-30 6.69 1.55 3.45
2015-03-31 6.38 1.34 2.78
2014-12-31 6.01 1.13 1.72
2014-09-30 4.90 1.38 3.55
2014-06-30 4.67 1.07 2.16
2014-03-31 4.45 0.76 1.82
2013-12-31 4.21 0.45 1.71
2013-09-30 4.16 0.63 1.93
2013-06-30 2.52 0.00 1.50
2013-03-31 2.13 0.08 1.26
2012-12-31 1.85 0.15 1.25
2012-09-30 1.79 0.26 1.10
2012-06-30 1.57 0.27 0.81
2012-03-31 1.38 0.28 0.75
  • Issuer Direct's level of debt (2.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.7% vs 2.3% today).
  • Debt is well covered by operating cash flow (481.4%, greater than 20% of total debt).
  • Issuer Direct earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Issuer Direct'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. Issuer Direct has a total score of 6/6, 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.

ISDR Dividends

 What is Issuer Direct'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 Issuer Direct dividends. Estimated to be 0% next year.
If you bought $2,000 of Issuer Direct 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 Issuer Direct's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Issuer Direct'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
AMEX:ISDR 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 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
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 3.6%

Industry and Market average data is calculated daily.

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

AMEX:ISDR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
AMEX:ISDR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.000 0.000
2018-10-11 0.000 0.000
2018-07-12 0.200 1.240
2018-05-03 0.200 1.076
2018-03-02 0.200 1.223
2017-11-02 0.200 1.145
2017-07-11 0.200 1.499
2017-04-11 0.200 1.617
2017-03-14 0.200 1.879
2017-03-02 0.200 1.945
2016-11-03 0.200 2.268
2016-08-04 0.200 2.709
2016-05-09 0.120 1.881
2016-03-03 0.120 2.193
2015-11-06 0.120 2.034
2015-05-07 0.000 0.000
2015-03-04 0.000 0.000
2014-11-05 0.000 0.000
2014-08-07 0.000 0.000
2014-05-07 0.000 0.000
2014-03-06 0.000 0.000
2013-07-09 0.120 1.398
2013-04-11 0.120 2.046
2012-12-03 0.120 3.004
2012-10-03 0.120 3.775
2012-07-09 0.120 4.264
2012-04-04 0.120 3.750

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

  • Unable to perform a dividend volatility check as Issuer Direct has not reported any payouts.
  • Unable to verify if Issuer Direct's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Issuer Direct's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Issuer Direct has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Issuer Direct's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Issuer Direct'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 Issuer Direct afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Issuer Direct 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.

ISDR Management

 What is the CEO of Issuer Direct'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
Brian Balbirnie
COMPENSATION $227,000
AGE 47
CEO Bio

Mr. Brian R. Balbirnie co-founded Issuer Direct Corporation in 2006. Mr. Balbirnie serves as the Chief Executive Officer and President at Issuer Direct Corporation. He Founded a Compliance and Consulting practice - focused on the Sarbanes Oxley Act. He served as the Chief Financial Officer of Mobile Reach International Inc. since July 19, 2005 and served as its Chief Operating Officer from January 1, 2004 to July 31, 2004. He served as Vice President of Strategic Initiatives of Mobile Reach International Inc. until 2004 and was responsible for the day to day operations, including all facets of SEC reporting and His duties include directing corporate compliance, investor relations as well as overseeing different business units. Mr. Balbirnie served as Vice President of Operations over the past year. Most notably, he founded Snapscape in 1997 and served as its Chief Executive Officer. Prior to joining Mobile Reach, Mr. Balbirnie served as the Vice President and Managing Director of Ivue Corporation and he led the launch of one of the industry's first Internet Broadcast player-less technologies. Preceding Ivue, he served as a strategy consultant for telecommunication firms such as GCS Telecom and Target Television, where he was assisting in operations and M&A to build strong stockholder values and exit strategies. He served as the Chairman of the Board and Chief Executive Officer at Docucon Inc. since December 2007. He served as the Chairman at Issuer Direct Corporation until July 8, 2013. He has been a Director at Issuer Direct Corporation since 2007. Mr. Balbirnie spent several years consulting with companies, assisting in public strategies, Merger Acquisitions and financial reporting. In the early nineties he founded the first wireless data compression solutions exclusively sold through the Bell South and AT&T reseller network - winning best wireless company - by Ziff Davis. He has several years of experience with technology start-ups and enterprise companies alike. He has been a Director of Issuer Direct Corporation since 2007. Mr. Balbirnie served as Director of Docucon Inc. since September 28, 2007. Mr. Balbirnie attended St. Petersburg College majoring in Business Administration and Marketing

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year.
  • Brian's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Issuer Direct management team in years:

0.4
Average Tenure
  • The average tenure for the Issuer Direct management team is less than 2 years, this suggests a new team.
Management Team

Brian Balbirnie

TITLE
Founder
COMPENSATION
$227K
AGE
47

Steve Knerr

TITLE
Chief Financial Officer
COMPENSATION
$180K
AGE
42
TENURE
3.8 yrs

Dick Bromley

TITLE
Executive Vice President of Sales
TENURE
0.4 yrs

Dee Brown

TITLE
Director of Human Resources
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Issuer Direct board of directors in years:

1.5
Average Tenure
53
Average Age
  • The average tenure for the Issuer Direct board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Everett

TITLE
Chairman of the Board
COMPENSATION
$111K
AGE
67
TENURE
1.5 yrs

Brian Balbirnie

TITLE
Founder
COMPENSATION
$227K
AGE
47
TENURE
12.2 yrs

James Galleher

TITLE
Independent Director
COMPENSATION
$107K
AGE
44
TENURE
5 yrs

Eric Frank

TITLE
Independent Director
COMPENSATION
$80K
AGE
53
TENURE
1.5 yrs

Michael Nowlan

TITLE
Independent Director
COMPENSATION
$80K
AGE
59
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Dec 18 Sell EQS Group AG Company 09. Nov 18 26. Nov 18 -23,018 $12.36 $-272,237
09. Nov 18 Sell EQS Group AG Company 25. Sep 18 08. Nov 18 -53,576 $15.76 $-725,390
28. Aug 18 Buy Brian Balbirnie Individual 28. Aug 18 28. Aug 18 1,000 $15.22 $15,220
31. May 18 Sell James Galleher Individual 29. May 18 30. May 18 -4,066 $17.50 $-70,179
23. Mar 18 Buy Brian Balbirnie Individual 23. Mar 18 23. Mar 18 500 $16.40 $8,200
X
Management checks
We assess Issuer Direct'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. Issuer Direct 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.

ISDR News

Simply Wall St News

Does The Issuer Direct Corporation (NYSEMKT:ISDR) Share Price Tend To Follow The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Issuer Direct Corporation (NYSEMKT:ISDR): A Fundamentally Attractive Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Issuer Direct Corporation (NYSEMKT:ISDR) due to its excellent fundamentals in more than one area.

Simply Wall St -

Issuer Direct Corporation (NYSEMKT:ISDR) Delivered A Weaker ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.054 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Issuer Direct Corporation (NYSEMKT:ISDR) Can Impact Your Portfolio Volatility

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Investors Should Be Cautious Of Issuer Direct Corporation's (NYSEMKT:ISDR) 1.01% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Issuer Direct Corporation (NYSEMKT:ISDR) has returned to shareholders over the past 6 years, an average dividend yield of 2.00% annually. … Let's dig deeper into whether Issuer Direct should have a place in your portfolio.

Simply Wall St -

Issuer Direct Corporation (NYSEMKT:ISDR) Delivered A Better ROE Than The Industry, Here’s Why

and looking to gauge the potential return on investment in Issuer Direct Corporation (NYSEMKT:ISDR). … With an ROE of 13.60%, Issuer Direct Corporation (NYSEMKT:ISDR) returned in-line to its own industry which delivered 12.67% over the past year. … If ISDR borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

Where Issuer Direct Corporation (NYSEMKT:ISDR) Stands In Terms Of Earnings Growth Against Its Industry

After reading Issuer Direct Corporation's (NYSEMKT:ISDR) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Check out our latest analysis for Issuer Direct? … ISDR's trailing twelve-month earnings (from 31 March 2018) of US$1.87m has.

Simply Wall St -

Should You Be Concerned About Issuer Direct Corporation's (NYSEMKT:ISDR) Shareholders?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … ISDR insiders hold a significant stake of 38.21% in the company. … Public Company Ownership Another group of owners that a potential investor in ISDR should consider are other public companies, with a stake of 9.53%.

Simply Wall St -

Is Issuer Direct Corporation's (NYSEMKT:ISDR) PE Ratio A Signal To Buy For Investors?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ISDR Price per share = $16.05 Earnings per share = $0.635 ∴ Price-Earnings Ratio = $16.05 ÷ $0.635 = 25.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as ISDR, such as size and country of operation.

Simply Wall St -

Is Issuer Direct Corporation's (NYSEMKT:ISDR) ROE Of 14.16% Sustainable?

See our latest analysis for Issuer Direct Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … For now, let’s just look at the cost of equity number for Issuer Direct, which is 12.07%. … Issuer Direct’s above-industry ROE is encouraging, and is also in excess of its cost of equity.

Simply Wall St -

ISDR Company Info

Description

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print. The company provides Platform id, a cloud-based communications and compliance system for corporate issuers, mutual funds, and compliance professionals. Its disclosure management solutions consist of document conversion, typesetting, and pre-press design services, as well as XBRL tagging and stock transfer services. The company also offers shareholder communications services, including press release distribution, investor outreach and engagement, Webcast teleconference, investor hotline, and proxy–printing and voting services. The company serves brokerage firms, banks, and mutual funds; corporate issuers; and professional firms, such as investor and public relations, as well as accountants and the legal communities. Issuer Direct Corporation was founded in 1988 and is headquartered in Morrisville, North Carolina.

Details
Name: Issuer Direct Corporation
ISDR
Exchange: AMEX
Founded: 1988
$50,182,667
3,830,738
Website: http://www.issuerdirect.com
Address: Issuer Direct Corporation
500 Perimeter Park Drive,
Suite D,
Morrisville,
North Carolina, 27560,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX ISDR Common Stock NYSE MKT LLC US USD 01. May 1992
Number of employees
Current staff
Staff numbers
70
Issuer Direct employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:07
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.