ICOx Innovations Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations.
The last earnings update was 10 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
ICOx Innovations. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
ICOx Innovations's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 ICOx Innovations 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare ICOx Innovations's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare ICOx Innovations's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare ICOx Innovations's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if ICOx Innovations is high growth as no earnings estimate data is available.
Unable to determine if ICOx Innovations is high growth as no revenue estimate data is available.
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.
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 ICOx Innovations's filings and announcements here.
ICOx Innovations's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
ICOx Innovations's finances.
The net worth of a company is the difference between its assets and liabilities.
ICOx Innovations is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
ICOx Innovations's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
ICOx Innovations'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
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 3.4x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Bruce Elliott, B.Comm has been the President of ICOX Innovations Inc.(Formerly known as Appcoin Innovations Inc.) since October 15, 2017 and also serves as its Principal Executive Officer. Mr. Elliott served as Vice President of Sales at Paysafe Group Plc (formerly, Neteller plc) since January 2003 and served as its Executive Vice President of Sales & Marketing. He served as Vice President of Marketing & Corporate Business Development at Chell Merchant Capital Group from 1999 to 2003, Senior Consultant of GPC Communications International from 1998 to 1999, Account Director of Highwood Communications, Account Manager of MacLaren Lintas from 1992 to 1995 and also held various sales & marketing positions with Canadian Pacific Railway and GE Capital Railcar Services. He served as a Director of Boston Group Limited and Managing Director of Boston Ventures Limited. Mr. Elliott is a 25 year eCommerce veteran having held senior leadership roles in privately held and listed companies in online payments, gaming, venture capital and trust and corporate service sectors in North America and Europe. He is an experienced marketing and sales executive with regional and international advertising and PR agencies, technology companies and industrial companies. Mr. Elliott is a recognized international conference speaker on entrepreneurship, venture capital and emerging technology trends and has led venture capital investments into clean tech, gaming, blockchain and fintech companies. Mr. Elliott received his Bachelor of Commerce from University of Calgary in 1986.
Bruce's compensation has increased whilst company is loss making.
Bruce's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the ICOx Innovations management team is less than 2 years, this suggests a new team.
Co-Founder & Non-Executive Chairman
President & CEO
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the ICOx Innovations board of directors is less than 3 years, this suggests a new board.
ICOx Innovations Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. It offers services in connection with development of platform using block chain technology, including the business development and technical; business launch; and post-business launch support services. The company was formerly known as AppCoin Innovations Inc. and changed its name to ICOX Innovations Inc. in February 2018. ICOX Innovations Inc. was founded in 2010 and is based in Los Angeles, California.
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