Cipherloc Corporation develops products and services based on a quantum-resistant encryption technology.
+ 2 more risks
Adequate balance sheet and overvalued.
Share Price & News
How has Cipherloc's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CLOK's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CLOK underperformed the US Software industry which returned 35.8% over the past year.
Return vs Market: CLOK underperformed the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is Cipherloc's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Cipherloc undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CLOK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CLOK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CLOK is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: CLOK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CLOK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CLOK is good value based on its PB Ratio (5.9x) compared to the US Software industry average (5.9x).
How is Cipherloc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cipherloc has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Cipherloc's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Cipherloc's filings and announcements here.
- Explore growth companies in the Software industry.
How has Cipherloc performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLOK is currently unprofitable.
Growing Profit Margin: CLOK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CLOK is unprofitable, but has reduced losses over the past 5 years at a rate of 13.4% per year.
Accelerating Growth: Unable to compare CLOK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CLOK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).
Return on Equity
High ROE: CLOK has a negative Return on Equity (-153%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Cipherloc's financial position?
Financial Position Analysis
Short Term Liabilities: CLOK's short term assets ($5.7M) exceed its short term liabilities ($774.8K).
Long Term Liabilities: CLOK's short term assets ($5.7M) exceed its long term liabilities ($102.4K).
Debt to Equity History and Analysis
Debt Level: CLOK is debt free.
Reducing Debt: CLOK has no debt compared to 5 years ago when its debt to equity ratio was 30.5%.
Inventory Level: CLOK has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CLOK's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CLOK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CLOK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -43.8% each year
What is Cipherloc's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CLOK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CLOK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLOK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLOK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLOK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andrew Borene (44yo)
Mr. Andrew Borene has been the Chief Executive Officer at Cipherloc Corporation since November 25, 2019 and served as its President since December 2019 and serves as its Director since December 20, 2019. M ...
|Co-Founder & Director||9.3yrs||US$529.04k||35.37% $10.7m|
|President||0.3yrs||no data||no data|
|Lead Independent Director||0yrs||no data||no data|
|Chairman of the Board||0yrs||US$131.50k||0.037% $11.2k|
|Independent Director||0.5yrs||no data||no data|
|Independent Director||2.8yrs||US$20.00k||0.025% $7.4k|
|Independent Director||0.5yrs||no data||no data|
Experienced Board: CLOK's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.6%.
Cipherloc Corporation's company bio, employee growth, exchange listings and data sources
- Name: Cipherloc Corporation
- Ticker: CLOK
- Exchange: OTCPK
- Founded: 1953
- Industry: Application Software
- Sector: Software
- Market Cap: US$30.186m
- Shares outstanding: 40.79m
- Website: https://www.cipherloc.net
Number of Employees
- Cipherloc Corporation
- 825 Main Street
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CLOK||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Dec 1996|
Cipherloc Corporation develops products and services based on a quantum-resistant encryption technology. It develops CipherLoc, a polymorphic key progression algorithm encryption cipher engine for use in commercial data security industry and/or in sensitive applications. The company was formerly known as National Scientific Corporation and changed its name to Cipherloc Corporation in March 2015. Cipherloc Corporation was incorporated in 1953 and is headquartered in Buda, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:40|
|End of Day Share Price||2020/02/21 00:00|
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.