AMEX:ISDR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.

Risks

  • Issuer Direct is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0.4%

ISDR

-0.7%

US Software

-0.6%

US Market


1 Year Return

-33.7%

ISDR

14.0%

US Software

0.7%

US Market

ISDR underperformed the Software industry which returned 14% over the past year.

ISDR underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

ISDRIndustryMarket
7 Day0.4%-0.7%-0.6%
30 Day26.3%-1.2%2.9%
90 Day-2.9%-1.1%1.3%
1 Year-33.7%-33.7%15.6%14.0%2.9%0.7%
3 Year64.3%59.2%119.9%111.2%44.6%35.2%
5 Year35.6%28.5%168.7%149.0%61.9%44.2%

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

75.48x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Issuer Direct's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Issuer Direct's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Issuer Direct is poor value based on expected growth next year.


Price Based on Value of Assets

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


Next Steps

Future Growth

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

44.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Issuer Direct's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

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

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

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

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


Next Steps

Past Performance

How has Issuer Direct performed over the past 5 years?

32.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

Issuer Direct has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Issuer Direct used its assets less efficiently than the US Software industry average last year based on Return on Assets.


Return on Capital Employed

Issuer Direct's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Issuer Direct's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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 (23% vs 2.3% today).

Debt is well covered by operating cash flow (341.3%, greater than 20% of total debt).

Issuer Direct earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 29.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Brian Balbirnie (48yo)

13.6yrs

Tenure

US$218,000

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

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

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


Management Age and Tenure

2.6yrs

Average Tenure

The tenure for the Issuer Direct management team is about average.


Board Age and Tenure

2.0yrs

Average Tenure

54yo

Average Age

The average tenure for the Issuer Direct board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$272,23706 Dec 18
EQS Group AG
EntityCompany
Shares23,018
Max PriceUS$12.36
SellUS$725,39009 Nov 18
EQS Group AG
EntityCompany
Shares53,576
Max PriceUS$15.76

Ownership Breakdown


Management Team

  • Brian Balbirnie (48yo)

    Founder

    • Tenure: 13.6yrs
    • Compensation: US$218.00k
  • Dick Bromley

    Executive Vice President of Sales

    • Tenure: 0.9yrs
  • Steve Knerr (43yo)

    Chief Financial Officer

    • Tenure: 4.3yrs
    • Compensation: US$176.55k
  • Dee Brown

    Director of Human Resources

    • Tenure: 0.6yrs

Board Members

  • Bill Everett (68yo)

    Chairman of the Board

    • Tenure: 2yrs
    • Compensation: US$149.44k
  • Brian Balbirnie (48yo)

    Founder

    • Tenure: 13.6yrs
    • Compensation: US$218.00k
  • Michael Nowlan (60yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$131.44k
  • James Galleher (45yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$131.44k
  • Eric Frank (54yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$131.44k

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$43.415m
  • Shares outstanding: 3.86m
  • Website: https://www.issuerdirect.com

Number of Employees


Location

  • Issuer Direct Corporation
  • 500 Perimeter Park Drive
  • Suite D
  • Morrisville
  • North Carolina
  • 27560
  • 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 Analysis2019/09/21 23:58
End of Day Share Price2019/09/20 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.