OTCPK:SPDL

Stock Analysis Report

Executive Summary

Spindle, Inc. provides merchant and consumer-facing commerce solutions for small and medium-sized businesses in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Spindle's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPDL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SPDL

0.7%

US IT

0.06%

US Market


1 Year Return

-83.3%

SPDL

36.9%

US IT

19.3%

US Market

Return vs Industry: SPDL underperformed the US IT industry which returned 36.9% over the past year.

Return vs Market: SPDL underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

SPDLIndustryMarket
7 Day0%0.7%0.06%
30 Day0%4.4%1.7%
90 Day0%15.9%9.0%
1 Year-83.3%-83.3%38.3%36.9%21.8%19.3%
3 Year-100.0%-100.0%110.3%101.2%49.5%39.9%
5 Year-100.0%-100.0%151.1%128.7%73.1%54.1%

Price Volatility Vs. Market

How volatile is Spindle's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Spindle undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Spindle is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Spindle has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SPDL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Spindle regulatory filings here.
  • Explore potentially undervalued companies in the Software industry.

Future Growth

How is Spindle forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.4%

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 Spindle 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.


Next Steps

  • Take a look at our analysis of SPDL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 Spindle's filings and announcements here.
  • Explore growth companies in the Software industry.

Past Performance

How has Spindle performed over the past 5 years?

44.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SPDL is currently unprofitable.

Growing Profit Margin: SPDL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SPDL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SPDL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPDL is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (13.7%).


Return on Equity

High ROE: SPDL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Spindle's financial position?


Financial Position Analysis

Short Term Liabilities: SPDL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SPDL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPDL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SPDL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: SPDL has a low level of unsold assets or inventory.

Debt Coverage by Assets: SPDL has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: Insufficient data to determine if SPDL has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SPDL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SPDL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SPDL'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 SPDL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPDL'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 SPDL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average board tenure


CEO

Jack Scott (65yo)

3.1yrs

Tenure

US$30,000

Compensation

Dr. Jack Alan Scott is Interim CEO of Spindle Inc. since January 2017. He serves as Chairman of the Board at Spindle Inc. Dr. Scott is Interim Chief Financial Officer of Spindle, Inc. since April 6, 2018. ...


Board Members

NamePositionTenureCompensationOwnership
Jack Scott
Interim CEO3.1yrsUS$30.00kno data
Christopher Wesser
President & Director1.6yrsno datano data
Eddie Rodriguez
Member of Board of Advisors8.1yrsno datano data
Brian Sathianathan
Member of Advisory Board2.8yrsno datano data
Tony Van Brackle
Board of Adviser3.8yrsUS$49.11kno data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: SPDL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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.


Top Shareholders

Company Information

Spindle, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spindle, Inc.
  • Ticker: SPDL
  • Exchange: OTCPK
  • Founded:
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$43.390k
  • Shares outstanding: 433.90m
  • Website: https://www.spindle.com

Number of Employees


Location

  • Spindle, Inc.
  • 200 Landmark Street
  • Marco Island
  • Florida
  • 34145
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPDLOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2011

Biography

Spindle, Inc. provides merchant and consumer-facing commerce solutions for small and medium-sized businesses in the United States. It offers payment processing services to merchants using its Catalyst Gateway; and acts as an agent, independent contractor, or referral partner to broker merchants that it secures to other merchant processors for ongoing fees based on processing volume. The company is based in Marco Island, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:13
End of Day Share Price2020/02/12 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.