AMEX:ISDR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Issuer Direct Corporation provides shareholder communications and compliance platforms, technologies, and services in North America and Europe. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ISDR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ISDR's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

ISDR

0.2%

US Software

1.5%

US Market


1 Year Return

65.5%

ISDR

46.5%

US Software

22.3%

US Market

Return vs Industry: ISDR exceeded the US Software industry which returned 46.4% over the past year.

Return vs Market: ISDR exceeded the US Market which returned 22.1% over the past year.


Shareholder returns

ISDRIndustryMarket
7 Day-0.6%0.2%1.5%
30 Day-11.7%3.9%8.8%
90 Day21.8%6.2%10.8%
1 Year65.5%65.5%47.4%46.5%25.1%22.3%
3 Year14.5%13.5%142.1%134.3%49.5%39.6%
5 Year261.9%244.2%235.6%217.9%105.8%83.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ISDR ($19.86) is trading below our estimate of fair value ($31.1)

Significantly Below Fair Value: ISDR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ISDR is good value based on its PE Ratio (40.3x) compared to the US Software industry average (56x).

PE vs Market: ISDR is poor value based on its PE Ratio (40.3x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: ISDR is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: ISDR is good value based on its PB Ratio (2.7x) compared to the US Software industry average (8.1x).


Next Steps

Future Growth

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

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISDR's forecast earnings growth (16.7% per year) is above the savings rate (2.2%).

Earnings vs Market: ISDR's earnings (16.7% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: ISDR's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISDR's revenue (9.2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: ISDR's revenue (9.2% 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 ISDR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Issuer Direct performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISDR has high quality earnings.

Growing Profit Margin: ISDR's current net profit margins (10.5%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ISDR's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: ISDR's earnings growth over the past year (172.1%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: ISDR earnings growth over the past year (172.1%) exceeded the Software industry 8%.


Return on Equity

High ROE: ISDR's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Issuer Direct's financial position?


Financial Position Analysis

Short Term Liabilities: ISDR's short term assets ($21.1M) exceed its short term liabilities ($4.7M).

Long Term Liabilities: ISDR's short term assets ($21.1M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: ISDR's debt to equity ratio (1.2%) is considered satisfactory.

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

Debt Coverage: ISDR's debt is well covered by operating cash flow (1346.6%).

Interest Coverage: ISDR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Issuer Direct current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if ISDR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ISDR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ISDR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Brian Balbirnie (49 yo)

14.83yrs

Tenure

US$200,000

Compensation

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 p...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD200.00K) is below average for companies of similar size in the US market ($USD560.00K).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Balbirnie
Founder14.83yrsUS$200.00k16.36%
$ 12.2m
Steven Knerr
Chief Financial Officer5.58yrsUS$231.05k0.51%
$ 377.3k
Angie Goertz
Vice President of Marketing0.92yrno datano data
Dee Brown
Manager of Human Resources1.83yrsno datano data
James Michael
Vice President of Business Development14.92yrsno data6.13%
$ 4.6m
Dominick John Pizzol
Strategic Account Managerno datano datano data

5.6yrs

Average Tenure

Experienced Management: ISDR's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Balbirnie
Founder14.83yrsUS$200.00k16.36%
$ 12.2m
William Everett
Independent Chairman of the Board3.25yrsUS$121.62k0.81%
$ 603.6k
Michael Nowlan
Independent Director3.25yrsUS$103.62k0.11%
$ 79.4k
James Galleher
Independent Director6.75yrsUS$103.62k1.12%
$ 829.4k

5.0yrs

Average Tenure

55yo

Average Age

Experienced Board: ISDR's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ISDR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Issuer Direct Corporation
  • Ticker: ISDR
  • Exchange: AMEX
  • Founded: 1988
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$74.311m
  • Shares outstanding: 3.74m
  • Website: https://www.issuerdirect.com

Number of Employees


Location

  • Issuer Direct Corporation
  • One Glenwood Avenue
  • Suite 1001
  • Raleigh
  • North Carolina
  • 27603
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISDRAMEX (NYSE MKT LLC)YesCommon StockUSUSDMay 1992

Biography

Issuer Direct Corporation provides shareholder communications and compliance platforms, technologies, and services in North America and Europe. The company provides Platform id, a cloud-based subscription ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 00:10
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.