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Inside Secure

OTCPK:ISDC.F
Snowflake Description

Exceptional growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISDC.F
OTCPK
€110M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Inside Secure S.A. operates as a specialist software and technology licensing company. The last earnings update was 17 days ago. More info.


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ISDC.F Share Price and Events
7 Day Returns
16.9%
OTCPK:ISDC.F
1.4%
US Software
0.4%
US Market
1 Year Returns
-
OTCPK:ISDC.F
26.7%
US Software
3.5%
US Market
ISDC.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inside Secure (ISDC.F) 16.9% 16.9% 27.2% - 146.1% -58.3%
US Software 1.4% 5.2% 22.7% 26.7% 110.9% 140.1%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • No trading data on ISDC.F.
  • No trading data on ISDC.F.
Price Volatility
ISDC.F
Industry
5yr Volatility vs Market
Related Companies

ISDC.F Value

 Is Inside Secure 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 Inside Secure 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 Inside Secure.

OTCPK:ISDC.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 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
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:ISDC.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 33%) (11.87%))
1.155
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.155 * 6.65%)
10.41%

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

The calculations below outline how an intrinsic value for Inside Secure 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:ISDC.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.41%)
2019 25.60 Analyst x2 23.18
2020 19.56 Analyst x2 16.05
2021 16.07 Est @ -17.85% 11.94
2022 14.19 Est @ -11.68% 9.55
2023 13.15 Est @ -7.35% 8.01
2024 12.58 Est @ -4.33% 6.94
2025 12.30 Est @ -2.21% 6.15
2026 12.21 Est @ -0.73% 5.53
2027 12.25 Est @ 0.31% 5.02
2028 12.38 Est @ 1.04% 4.60
Present value of next 10 years cash flows $96.98
OTCPK:ISDC.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $12.38 × (1 + 2.73%) ÷ (10.41% – 2.73%)
$165.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $165.52 ÷ (1 + 10.41%)10
$61.47
OTCPK:ISDC.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $96.98 + $61.47
$158.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $158.45 / 63.05
$2.35
OTCPK:ISDC.F Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTPA:INSD)
0.885
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $2.51 x 0.885
€2.23
Non-primary Listing Adjustment Factor 1 share in OTCPK:ISDC.F represents 1.06857x of ENXTPA:INSD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06857x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.23 x 1.06857
$2.38
Value per share (USD) From above. $2.38
Current discount Discount to share price of $1.87
= -1 x ($1.87 - $2.38) / $2.38
21.4%

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

Current Discount
Amount off the current price Inside Secure is available for.
Intrinsic value
21%
Share price is $1.87 vs Future cash flow value of $2.38
Current Discount Checks
For Inside Secure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Inside Secure's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Inside Secure's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Inside Secure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inside Secure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ISDC.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.11
ENXTPA:INSD Share Price ** ENXTPA (2019-03-21) in EUR €1.75
ENXTPA:INSD Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.129 $1.98
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.88x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of Inside Secure.

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

= ENXTPA:INSD Share Price ÷ EPS (both in USD)

= 1.98 ÷ 0.11

17.55x

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

  • Inside Secure is good value based on earnings compared to the US Software industry average.
  • Inside Secure is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Inside Secure's expected growth come at a high price?
Raw Data
OTCPK:ISDC.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
65.2%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.55x ÷ 65.2%

0.27x

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

  • Inside Secure is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Inside Secure's assets?
Raw Data
OTCPK:ISDC.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.57
ENXTPA:INSD Share Price * ENXTPA (2019-03-21) in EUR €1.75
ENXTPA:INSD Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.129 $1.98
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.79x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:ISDC.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:INSD Share Price ÷ Book Value per Share (both in USD)

= 1.98 ÷ 1.57

1.26x

* Primary Listing of Inside Secure.

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

  • Inside Secure is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Inside Secure'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. Inside Secure has a total score of 4/6, 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.

ISDC.F Future Performance

 How is Inside Secure expected to perform in the next 1 to 3 years based on estimates from 2 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
65.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inside Secure expected to grow at an attractive rate?
  • Inside Secure's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Inside Secure's earnings growth is expected to exceed the United States of America market average.
  • Inside Secure's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ISDC.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ISDC.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 65.2%
OTCPK:ISDC.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 47%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
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 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:ISDC.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 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ISDC.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 140 20 17 2
2019-12-31 116 11 11 1
OTCPK:ISDC.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 42 3 3
2018-06-30 47 10 5
2018-03-31 43 6 2
2017-12-31 39 2 -1
2017-06-30 37 7 -3
2017-03-31 43 6 -2
2016-12-31 50 4 0
2016-09-30 47 -5 -5
2016-06-30 44 -15 -10
2016-03-31 35 -20 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inside Secure's earnings are expected to grow significantly at over 20% yearly.
  • Inside Secure's revenue is expected to grow significantly at over 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:ISDC.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 2 Analyst Estimates (S&P Global) See Below

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

OTCPK:ISDC.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.22 0.28 0.17 2.00
2019-12-31 0.15 0.19 0.10 2.00
OTCPK:ISDC.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31
2018-06-30 0.11
2018-03-31 0.05
2017-12-31 -0.02
2017-06-30 -0.07
2017-03-31 -0.04
2016-12-31 -0.01
2016-09-30 -0.13
2016-06-30 -0.26
2016-03-31 -0.41

*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.
  • Inside Secure is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Inside Secure'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.
Inside Secure has a total score of 6/6, 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.

ISDC.F Past Performance

  How has Inside Secure 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 Inside Secure'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.
  • Inside Secure has delivered over 20% year on year earnings growth in the past 5 years.
  • Inside Secure has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Inside Secure has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Inside Secure'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 Inside Secure Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ISDC.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 42.08 3.42 21.10 15.89
2018-06-30 46.95 4.90 21.24 15.27
2018-03-31 42.88 2.05 20.56 13.97
2017-12-31 38.82 -0.80 19.88 12.67
2017-06-30 36.60 -3.15 17.66 14.12
2017-03-31 43.27 -1.71 18.53 14.69
2016-12-31 49.94 -0.27 19.41 15.26
2016-09-30 46.73 -4.90 20.48 13.29
2016-06-30 43.52 -9.53 21.56 11.32
2016-03-31 35.22 -14.59 21.00 10.98
2015-12-31 26.92 -19.65 20.44 10.65
2015-09-30 49.57 -15.16 23.44 16.62
2015-06-30 72.22 -10.67 26.44 22.59
2015-03-31 98.79 -7.85 29.89 28.84
2014-12-31 125.36 -5.02 33.34 35.10
2014-09-30 136.73 -8.53 33.01 34.37
2014-06-30 148.11 -12.04 32.67 33.65
2014-03-31 151.36 -19.80 32.01 33.80
2013-12-31 154.62 -27.56 31.35 33.95
2013-09-30 142.62 -32.47 30.49 34.64
2013-06-30 130.61 -37.37 29.63 35.32
2013-03-31 126.33 -37.43 28.63 35.34
2012-12-31 122.05 -37.49 27.64 35.37
2012-09-30 136.78 -34.20 27.58 35.68
2012-06-30 143.31 -35.45 27.18 37.47
2012-03-31 147.39 -29.24 27.58 36.00

*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.
  • Inside Secure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inside Secure used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Inside Secure has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Inside Secure'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.
Inside Secure 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.

ISDC.F Health

 How is Inside Secure'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 Inside Secure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inside Secure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inside Secure's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inside Secure'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.
  • Debt is covered by short term assets, assets are 4.3x debt.
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 Inside Secure Company Filings, last reported 2 months ago.

OTCPK:ISDC.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 70.45 14.76 47.38
2018-06-30 68.75 18.16 49.08
2018-03-31 68.75 18.16 49.08
2017-12-31 66.84 14.93 45.87
2017-06-30 60.34 12.83 51.25
2017-03-31 60.34 12.83 51.25
2016-12-31 63.67 0.80 38.73
2016-09-30 63.67 0.80 38.73
2016-06-30 52.39 17.75 20.42
2016-03-31 52.39 17.75 20.42
2015-12-31 48.77 18.36 16.43
2015-09-30 48.77 18.36 16.43
2015-06-30 71.77 23.31 23.77
2015-03-31 71.77 23.31 23.77
2014-12-31 90.70 19.04 36.32
2014-09-30 90.70 19.04 36.32
2014-06-30 90.58 21.55 38.77
2014-03-31 90.58 21.55 38.77
2013-12-31 95.95 14.25 40.21
2013-09-30 95.95 14.25 40.21
2013-06-30 100.71 7.36 41.85
2013-03-31 100.71 7.36 41.85
2012-12-31 121.73 7.71 66.32
2012-09-30 121.73 7.71 66.32
2012-06-30 135.24 7.04 95.49
2012-03-31 135.24 7.04 95.49
  • Inside Secure's level of debt (21%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 21% today).
  • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Inside Secure'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. Inside Secure has a total score of 3/6, 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.

ISDC.F Dividends

 What is Inside Secure'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
0%
Current annual income from Inside Secure dividends.
If you bought $2,000 of Inside Secure shares you are expected to receive $0 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?
  • Unable to evaluate Inside Secure's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Inside Secure's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:ISDC.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 2 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 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:ISDC.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Inside Secure has not reported any payouts.
  • Unable to verify if Inside Secure's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Inside Secure's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Inside Secure has not reported any payouts.
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 Inside Secure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Inside Secure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inside Secure has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ISDC.F Management

 What is the CEO of Inside Secure'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
Amedeo D'Angelo
COMPENSATION $560,004
CEO Bio

Mr. Amedeo D'Angelo has been Chief Executive Officer and President of Inside Secure S.A. since September 29, 2015 and has been its Chairman and Director since May 16, 2018. Mr. D'Angelo served as the Chief Executive Officer of Ingenico SA from June 7, 2005 to July 2007. Mr. D'angelo served in several software companies. Previously, he was in charge of various roles in the semiconductor industry. From 1991 to 1994, he served as President of Gemplus International (now known as Gemalto). He spent 14 years in the smart card industry where he held various senior management positions. In January 1995, he co-founded and served as Chief Executive Officer of Incard, which specialized in the Smart Cards and security systems development. From 1997 to 1999, he served as Managing Director of De La Rue Smart Card division in Paris. From 1999 to end 2002, he served as Chief Operating Officer of Oberthur Technologies (formerly, Oberthur Card Systems). He led the I.P.O. of Oberthur Card Systems to the Paris stock exchange spent the first 12 years of his professional life in semiconductors working for AMD (Advanced Micro Devices) and running the European Operations of Samsung. Mr. D'angelo serves as Chairman of Aspects Software. He serves as Chairman of the Board of Directors of Linxens France SA. From 2003 to 2005, he served as the Chairman of MobileWay Inc. He served as Director of Ingenico SA since March 2005.

CEO Compensation
  • Amedeo's compensation has been consistent with company performance over the past year.
  • Amedeo's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Inside Secure management team in years:

0.2
Average Tenure
  • The average tenure for the Inside Secure management team is less than 2 years, this suggests a new team.
Management Team

Amedeo D'Angelo

TITLE
Chairman
COMPENSATION
$560K

Richard Detournière

TITLE
CFO & General Manager
COMPENSATION
$366K
TENURE
10.5 yrs

Steve Oetegenn

TITLE
Chief Operating Officer
TENURE
0.2 yrs

Petr Peterka

TITLE
Chief Technology Officer
TENURE
0.2 yrs

Bronwyn Savary

TITLE
Senior VP & General Counsel
TENURE
0.2 yrs

Valérie Convers

TITLE
Senior Vice President of Human Resources
TENURE
0.2 yrs

Asaf Ashkenazi

TITLE
Chief Strategy Officer
TENURE
0.2 yrs

Kevin Beadle

TITLE
Senior Vice President of Silicon IP & Secure Protocols Business Units
AGE
59
TENURE
0.2 yrs

Andrew McLennan

TITLE
President of Content & Application Protection
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Inside Secure board of directors in years:

0.8
Average Tenure
49.5
Average Age
  • The average tenure for the Inside Secure board of directors is less than 3 years, this suggests a new board.
Board of Directors

Amedeo D'Angelo

TITLE
Chairman
COMPENSATION
$560K
TENURE
0.8 yrs

Muriel Barnéoud

TITLE
Vice Chairman of the Board
COMPENSATION
$21K
AGE
51

Catherine Blanchet

TITLE
Director
COMPENSATION
$20K
AGE
48
TENURE
0.8 yrs

Jean Schmitt

TITLE
Director
AGE
53
TENURE
0.8 yrs

David Hytha

TITLE
Member of Advisory Board

Joerg Zirener

TITLE
Director
AGE
45
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Inside Secure'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. Inside Secure 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.

ISDC.F News

Simply Wall St News

ISDC.F Company Info

Description

Inside Secure S.A. operates as a specialist software and technology licensing company. It designs, develops, and sells software, silicon intellectual property (IP), tools, and know-how for mobile and connected devices to protect its customers’ transactions, identity, content, applications, and communications. The company offers application protection products, such as software protection and mobile payment; content protection products, including downloadable, embedded, and other solutions for secure playback; data and communication products comprising secure communication toolkits, embedded Internet of Things (IoT) security framework, and mobile device security; and customer authentication and mobile connect solutions. It also provides Silicon IP products, such as Root-of-Trust that offers a set of symmetric, asymmetric, hashing and random number generation services; and complex cryptographic, Hash and HMAC, and cipher accelerators, as well as packet engines for Internet protocol and MAC security, SSL/TLS/DTLS, and sRTP. Inside Secure S.A. serves digital content protection and entertainment, IoT and system-on-chip security, mobile application security, mobile banking and financial services, mobile payment, network security, automotive, enterprise and telecom, and semiconductor IP markets in Asia, Europe, the Middle East, Africa, Latin America, and North America. It has a strategic partnership with Andes Technology Corporation. The company was formerly known as INSIDE Contactless and changed its name to Inside Secure S.A. in December 2010. Inside Secure S.A. was founded in 1995 and is headquartered in Meyreuil, France.

Details
Name: Inside Secure S.A.
ISDC.F
Exchange: OTCPK
Founded: 1995
€124,326,511
63,046,216
Website: http://www.insidesecure.com
Address: Inside Secure S.A.
Arteparc Bachasson, Bât A,
Rue de la carrière de Bachasson, CS70025,
Meyreuil,
Provence-Alpes-Côte d'Azur, 13590,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA INSD Common Stock Euronext Paris FR EUR 20. Feb 2012
OTCPK ISDC.F Common Stock Pink Sheets LLC US USD 20. Feb 2012
DB I3Q Common Stock Deutsche Boerse AG DE EUR 20. Feb 2012
LSE 0QAU Common Stock London Stock Exchange GB EUR 20. Feb 2012
BATS-CHIXE INSDP Common Stock BATS 'Chi-X Europe' GB EUR 20. Feb 2012
Number of employees
Current staff
Staff numbers
160
Inside Secure employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:20
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.