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Absolute Software

OTCPK:ALSW.F
Snowflake Description

Questionable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALSW.F
OTCPK
CA$368M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. The last earnings update was 49 days ago. More info.


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ALSW.F Share Price and Events
7 Day Returns
-1.9%
OTCPK:ALSW.F
0.2%
US Software
-1.1%
US Market
1 Year Returns
30.8%
OTCPK:ALSW.F
31.2%
US Software
6.4%
US Market
ALSW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Absolute Software (ALSW.F) -1.9% -2.2% 20.6% 30.8% 39.8% 6.6%
US Software 0.2% 3.6% 25.2% 31.2% 108.9% 137.5%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • ALSW.F outperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
ALSW.F
Industry
5yr Volatility vs Market

Value

 Is Absolute Software 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 Absolute Software 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 Absolute Software.

OTCPK:ALSW.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
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 OTCPK:ALSW.F
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))
= 1.14 (1 + (1- 26.5%) (0%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for OTCPK:ALSW.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Absolute Software 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.

OTCPK:ALSW.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 8.68 Analyst x3 7.95
2020 9.42 Analyst x2 7.89
2021 9.67 Est @ 2.66% 7.42
2022 9.93 Est @ 2.68% 6.97
2023 10.20 Est @ 2.7% 6.55
2024 10.48 Est @ 2.71% 6.16
2025 10.76 Est @ 2.71% 5.79
2026 11.05 Est @ 2.72% 5.45
2027 11.35 Est @ 2.72% 5.12
2028 11.66 Est @ 2.72% 4.82
Present value of next 10 years cash flows $64.13
OTCPK:ALSW.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $11.66 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$183.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $183.84 ÷ (1 + 9.25%)10
$75.91
OTCPK:ALSW.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $64.13 + $75.91
$140.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $140.04 / 40.71
$4.59
OTCPK:ALSW.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:ABT)
1.341
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.44 x 1.341
CA$4.61
Non-primary Listing Adjustment Factor 1 share in OTCPK:ALSW.F represents 0.7489x of TSX:ABT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.7489x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 4.61 x 0.7489
$3.45
Value per share (USD) From above. $3.45
Current discount Discount to share price of $6.77
= -1 x ($6.77 - $3.45) / $3.45
-96%

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

  • The current share price of Absolute Software 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 Absolute Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Absolute Software's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ALSW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.16
TSX:ABT Share Price ** TSX (2019-03-22) in CAD CA$9.04
TSX:ABT Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $6.74
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.08x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of Absolute Software.

OTCPK:ALSW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ABT Share Price ÷ EPS (both in USD)

= 6.74 ÷ 0.16

40.96x

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

  • Absolute Software is good value based on earnings compared to the US Software industry average.
  • Absolute Software is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Absolute Software's expected growth come at a high price?
Raw Data
OTCPK:ALSW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
7.9%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.32x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

OTCPK:ALSW.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.96x ÷ 7.9%

5.19x

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

  • Absolute Software is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Absolute Software's assets?
Raw Data
OTCPK:ALSW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-1.36
TSX:ABT Share Price * TSX (2019-03-22) in CAD CA$9.04
TSX:ABT Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $6.74
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.62x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:ALSW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ABT Share Price ÷ Book Value per Share (both in USD)

= 6.74 ÷ -1.36

-4.94x

* Primary Listing of Absolute Software.

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

  • Absolute Software has negative assets, we can't compare the value of its assets to the US Software industry average.
X
Value checks
We assess Absolute Software'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. Absolute Software 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.

Future Performance

 How is Absolute Software expected to perform in the next 1 to 3 years based on estimates from 6 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
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Absolute Software expected to grow at an attractive rate?
  • Absolute Software's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Absolute Software's earnings growth is positive but not above the United States of America market average.
  • Absolute Software's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ALSW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ALSW.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 7.9%
OTCPK:ALSW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
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
OTCPK:ALSW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ALSW.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 116 13 7 1
2020-06-30 105 14 7 6
2019-06-30 98 12 6 6
OTCPK:ALSW.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 96 13 7
2018-09-30 95 14 5
2018-06-30 94 13 3
2018-03-31 93 8 -2
2017-12-31 92 6 -3
2017-09-30 92 1 -4
2017-06-30 91 1 -5
2017-03-31 90 -1 -4
2016-12-31 89 -1 -3
2016-09-30 87 2 8
2016-06-30 89 5 10
2016-03-31 90 9 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Absolute Software's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Absolute Software's revenue is expected to grow by 7% 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
OTCPK:ALSW.F 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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:ALSW.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.18 0.18 0.18 1.00
2020-06-30 0.21 0.27 0.13 4.00
2019-06-30 0.17 0.19 0.14 4.00
OTCPK:ALSW.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.16
2018-09-30 0.11
2018-06-30 0.08
2018-03-31 -0.04
2017-12-31 -0.07
2017-09-30 -0.11
2017-06-30 -0.13
2017-03-31 -0.10
2016-12-31 -0.07
2016-09-30 0.20
2016-06-30 0.24
2016-03-31 0.24

*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 Absolute Software will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Absolute Software'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.
Absolute Software has a total score of 1/6, 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 Absolute Software 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 Absolute Software'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.
  • Absolute Software's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Absolute Software has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Absolute Software has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Absolute Software'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 Absolute Software Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ALSW.F 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 96.16 6.63 55.63 20.34
2018-09-30 94.93 4.52 55.30 20.17
2018-06-30 93.62 3.11 55.65 20.52
2018-03-31 92.73 -1.53 55.63 19.98
2017-12-31 92.49 -2.81 57.42 18.95
2017-09-30 91.72 -4.31 58.45 18.78
2017-06-30 91.21 -4.95 59.04 17.38
2017-03-31 90.04 -4.07 59.32 16.01
2016-12-31 88.61 -2.67 58.29 15.58
2016-09-30 87.30 7.92 57.76 14.58
2016-06-30 88.80 9.73 57.69 13.57
2016-03-31 90.09 10.22 57.93 13.92
2015-12-31 92.52 11.83 57.31 12.27
2015-09-30 94.44 5.32 56.49 12.06
2015-06-30 93.65 4.62 55.14 12.04
2015-03-31 93.69 6.15 53.84 10.74
2014-12-31 93.69 4.76 53.42 11.60
2014-09-30 92.49 2.75 52.79 11.38
2014-06-30 90.98 3.57 51.87 11.34
2014-03-31 89.62 3.21 50.62 12.22
2013-12-31 86.39 1.35 50.05 12.02
2013-09-30 85.10 2.40 48.55 12.10
2013-06-30 83.18 1.74 48.78 11.77
2013-03-31 80.72 -1.11 47.80 11.93
2012-12-31 78.30 0.72 45.73 11.13
2012-09-30 76.09 0.94 44.51 10.40
2012-06-30 74.56 -1.42 42.03 9.93
2012-03-31 73.00 2.25 40.18 9.19

*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 Absolute Software has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Absolute Software used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Absolute Software has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Absolute Software'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.
Absolute Software has a total score of 2/6, 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 Absolute Software'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 Absolute Software's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Absolute Software's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Absolute Software's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Absolute Software'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.
  • Absolute Software has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Absolute Software Company Filings, last reported 2 months ago.

OTCPK:ALSW.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -55.31 0.00 34.21
2018-09-30 -56.36 0.00 34.62
2018-06-30 -56.51 0.00 34.33
2018-03-31 -57.56 0.00 31.90
2017-12-31 -56.62 0.00 33.44
2017-09-30 -54.42 0.00 32.77
2017-06-30 -53.72 0.00 32.88
2017-03-31 -50.12 0.00 34.57
2016-12-31 -49.81 0.00 37.70
2016-09-30 -45.33 0.00 32.15
2016-06-30 -43.71 0.00 34.73
2016-03-31 -41.33 0.00 32.66
2015-12-31 -42.62 0.00 31.95
2015-09-30 -51.43 0.00 59.80
2015-06-30 -13.14 0.00 61.90
2015-03-31 -6.95 0.00 64.85
2014-12-31 -10.98 0.00 61.69
2014-09-30 -12.02 0.00 65.17
2014-06-30 -9.98 0.00 58.47
2014-03-31 -9.30 0.00 64.83
2013-12-31 -10.53 0.00 56.01
2013-09-30 -11.28 0.00 49.49
2013-06-30 -13.60 0.00 44.28
2013-03-31 -14.09 0.00 48.91
2012-12-31 -14.01 0.00 44.63
2012-09-30 -7.20 0.00 60.06
2012-06-30 -4.76 0.00 54.05
2012-03-31 -3.22 0.00 66.03
  • Absolute Software has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Absolute Software's debt level has increased considering it has negative shareholder equity.
  • Absolute Software has no debt, it does not need to be covered by operating cash flow.
  • Absolute Software has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Absolute Software'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. Absolute Software has a total score of 2/6, 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 Absolute Software'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
3.53%
Current annual income from Absolute Software dividends.
If you bought $2,000 of Absolute Software shares you are expected to receive $71 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?
  • Absolute Software's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Absolute Software's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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
OTCPK:ALSW.F 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 6 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 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

OTCPK:ALSW.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
OTCPK:ALSW.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-21 0.238 3.631
2018-10-19 0.234 3.991
2018-07-23 0.242 4.209
2018-04-20 0.240 4.587
2018-01-19 0.244 4.719
2017-10-20 0.248 4.417
2017-07-20 0.251 4.107
2017-04-20 0.233 4.081
2017-01-20 0.237 4.408
2016-10-20 0.236 5.046
2016-07-20 0.241 4.360
2016-04-25 0.244 4.670
2016-01-21 0.224 4.916
2015-10-26 0.219 4.191
2015-07-17 0.209 3.557
2015-04-21 0.216 3.008
2015-01-20 0.219 2.929
2014-10-28 0.232 3.642
2014-07-29 0.212 3.504
2014-04-25 0.217 3.589
2014-01-27 0.213 3.415
2013-10-22 0.216 3.378
2013-07-16 0.190 2.812
2013-04-16 0.189 2.907
2013-01-11 0.194 3.580

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

  • Absolute Software has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Absolute Software only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Absolute Software's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
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 Absolute Software's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Absolute Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Absolute Software has a total score of 1/6, 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 Absolute Software'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
Christy Wyatt
AGE 46
TENURE AS CEO 0.3 years
CEO Bio

Ms. Christy Wyatt serves as Chief Executive Officer of Absolute Software Corporation and Absolute Software, Inc. since November 26, 2018. Ms. Wyatt was the Chief Executive Officer at Dtex Systems Pty Ltd. from August 30, 2016 until November 26, 2018. Ms. Wyatt has a long history of leadership in top technology companies. She more than 15 years of executive management and leadership experience in the high-tech and enterprise industry. She served as Corporate Vice President of Software & Services Product Management for Mobile Devices at Motorola Mobility Holdings, Inc. Ms. Wyatt served as the Chief Executive Officer and President of Good Technology Corporation since January 2013 until October 2015. Ms. Wyatt served as the Chief Executive Officer and President of Good Technology, Inc. since January 7, 2013. Ms. Wyatt was responsible for the development and management of Motorola's strategic platforms as well as developer ecosystems. She served as Global Head of Citi's Consumer eBusiness and Mobile Technology, where she led the technology teams responsible for leading-edge, high-volume, consumer-facing applications for the Internet, mobile and ATM channels for Citi's entire consumer banking businesses globally. She served as Senior Vice President and General Manager for Motorola Mobility's Enterprise Business Unit, where she interfaced with customers as well as representatives of the telecommunications industry around the world to create and distribute industry leading mobile enterprise products and services globally. She served as Worldwide Developer Relations Director at Apple Computer, where she was responsible for partners, global alliances and evangelism. She was responsible for global mobile and digital technology for Citigroup. Prior to Apple, she was responsible for licensing PalmOS at PalmSource. She also served key development, licensing, sales and business development roles at Palm Inc., Sun Microsystems, JavaSoft and ESRI. She served various executive positions at Citigroup, Apple, Palm, Sun and Motorola Mobility, until it was acquired by Google in 2012. She was a Chairperson of Good Technology Corporation since May 2014 until October 2015 and has been its Director since January 2013. She serves as a Director of Dtex Systems Pty Ltd. She has been Director of Centrify Corporation since February 2, 2016. She has been Independent Director of Quotient Technology Inc. since July 24, 2018. She has been a Director at Silicon Laboratories Inc., since January 2019. She has been a Director of Absolute Software Corporation and Absolute Software, Inc. since November 26, 2018. She serves as a Director of Macheen Inc. She serves as a Director of The Linux Foundation and Good Technology, Inc. She served as a Senior Director of Palmsource Inc. She founded and was a Board Member of the LiMo Foundation. She focused on the development of Geographic Information Systems (GIS) and Remote Sensing Systems at College of Geographic Sciences. Ms. Wyatt graduated from the College of Geographic Sciences.

CEO Compensation
  • Insufficient data for Christy to compare compensation growth.
  • Insufficient data for Christy to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Absolute Software management team in years:

2.7
Average Tenure
  • The tenure for the Absolute Software management team is about average.
Management Team

Errol Olsen

TITLE
Chief Financial Officer
COMPENSATION
$709K
TENURE
8.7 yrs

Todd Wakerley

TITLE
Executive Vice President of Product Development
COMPENSATION
$540K
TENURE
3.3 yrs

Sean Maxwell

TITLE
Chief Commercial Officer
COMPENSATION
$946K
TENURE
3.2 yrs

Dean Coza

TITLE
Executive Vice President of Products
COMPENSATION
$909K
TENURE
1.4 yrs

Christy Wyatt

TITLE
CEO & Director
AGE
46
TENURE
0.3 yrs

Nicko Van Someren

TITLE
Chief Technology Officer
AGE
51
TENURE
0.2 yrs

Chris Covell

TITLE
Chief Information Officer & Chief Information Security Officer
TENURE
2.8 yrs

Joo-Hun Kim

TITLE
Investor Relations

Lang Michener

TITLE
Legal Counsel

Pam O’Neal

TITLE
Senior Vice President of Marketing
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Absolute Software board of directors in years:

5
Average Tenure
58
Average Age
  • The tenure for the Absolute Software board of directors is about average.
Board of Directors

Dan Ryan

TITLE
Chairman
COMPENSATION
$171K
AGE
59
TENURE
5.3 yrs

Christy Wyatt

TITLE
CEO & Director
AGE
46
TENURE
0.3 yrs

Eric Rosenfeld

TITLE
Director
COMPENSATION
$145K
AGE
61
TENURE
6.3 yrs

Gerhard Watzinger

TITLE
Director
COMPENSATION
$145K
AGE
58
TENURE
4.3 yrs

Greg Monahan

TITLE
Director
COMPENSATION
$141K
AGE
45
TENURE
6.3 yrs

Sal Visca

TITLE
Director
COMPENSATION
$157K
AGE
52
TENURE
5 yrs

Art Coviello

TITLE
Member of Advisory Board
AGE
65
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • Absolute Software insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Mar 19 Buy Leigh Ramsden Individual 04. Mar 19 04. Mar 19 106 $6.83 $724
14. Feb 19 Sell Gregory Monahan Individual 13. Feb 19 13. Feb 19 -13,789 $6.77 $-93,384
11. Feb 19 Sell Errol Olsen Individual 11. Feb 19 11. Feb 19 -13,400 $6.58 $-88,131
18. Nov 18 Sell Sean Maxwell Individual 14. Nov 18 14. Nov 18 -5,448 $6.42 $-34,983
18. Nov 18 Sell Mark Gracey Individual 08. Nov 18 12. Nov 18 -5,428 $6.40 $-34,542
06. Sep 18 Sell Amanda Mallow Individual 05. Sep 18 05. Sep 18 -66 $4.97 $-328
06. Sep 18 Sell Mark Gracey Individual 31. Aug 18 06. Sep 18 -6,480 $6.00 $-37,339
X
Management checks
We assess Absolute Software'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. Absolute Software 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

Company Info

Description

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats. The company offers the Absolute platform, which provides reporting and analytic, geotechnology, risk assessment and response, custom query and remediation, application persistence, data awareness, and endpoint investigation to manage and secure endpoints. It also provides endpoint security and IT asset management, risk and compliance, and general data protection regulation solutions. The company markets its products and services through device original equipment manufacturers, distributors, and value added resellers, as well as directly to corporations, government entities, educational institutions, financial services, healthcare sectors, and consumers. Absolute Software Corporation was founded in 1993 and is headquartered in Vancouver, Canada.

Details
Name: Absolute Software Corporation
ALSW.F
Exchange: OTCPK
Founded: 1993
CA$274,518,955
40,711,404
Website: http://www.absolute.com
Address: Absolute Software Corporation
Four Bentall Centre,
Suite 1400,
Vancouver,
British Columbia, V7X 1K8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ABT Common Shares The Toronto Stock Exchange CA CAD 28. Mar 2000
OTCPK ALSW.F Common Shares Pink Sheets LLC US USD 28. Mar 2000
DB OU1 Common Shares Deutsche Boerse AG DE EUR 28. Mar 2000
Number of employees
Current staff
Staff numbers
479
Absolute Software employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:23
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.