OTCPK:TLVL.F

Stock Analysis Report

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Executive Summary

Minds + Machines Group Limited owns and operates a portfolio of domain assets in United States, Europe, and Asia.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Minds + Machines Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TLVL.F

2.1%

US IT

3.8%

US Market


1 Year Return

n/a

TLVL.F

15.7%

US IT

9.7%

US Market

Return vs Industry: Insufficient data to determine how TLVL.F performed against the US IT industry.

Return vs Market: Insufficient data to determine how TLVL.F performed against the US Market.


Shareholder returns

TLVL.FIndustryMarket
7 Day0%2.1%3.8%
30 Day22.2%10.8%11.4%
90 Dayn/a10.9%6.8%
1 Yearn/a16.8%15.7%12.1%9.7%
3 Year-51.1%-51.1%94.3%86.4%36.2%27.2%
5 Year-46.0%-46.0%130.4%109.9%63.7%45.4%

Price Volatility Vs. Market

How volatile is Minds + Machines Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Minds + Machines Group undervalued compared to its fair value and its price relative to the market?

16.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TLVL.F ($0.07) is trading above our estimate of fair value ($0)

Significantly Below Fair Value: TLVL.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TLVL.F is good value based on its PE Ratio (16.1x) compared to the IT industry average (27.9x).

PE vs Market: TLVL.F is good value based on its PE Ratio (16.1x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TLVL.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TLVL.F is good value based on its PB Ratio (1x) compared to the US IT industry average (3.6x).


Next Steps

Future Growth

How is Minds + Machines Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.9%

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 Minds + Machines Group 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

  • Examine whether Minds + Machines Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • 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 Minds + Machines Group's filings and announcements here.
  • Explore growth companies in the Software industry.

Past Performance

How has Minds + Machines Group performed over the past 5 years?

-43.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TLVL.F has a large one-off gain of $2.0M impacting its December 31 2019 financial results.

Growing Profit Margin: TLVL.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TLVL.F's earnings have declined by -43.8% per year over the past 5 years.

Accelerating Growth: TLVL.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TLVL.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (15.4%).


Return on Equity

High ROE: TLVL.F's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is Minds + Machines Group's financial position?


Financial Position Analysis

Short Term Liabilities: TLVL.F's short term assets ($14.1M) do not cover its short term liabilities ($20.4M).

Long Term Liabilities: TLVL.F's short term assets ($14.1M) exceed its long term liabilities ($3.0M).


Debt to Equity History and Analysis

Debt Level: TLVL.F is debt free.

Reducing Debt: TLVL.F currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: TLVL.F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TLVL.F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Minds + Machines Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TLVL.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TLVL.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TLVL.F'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 TLVL.F'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?

1.3yrs

Average management tenure


CEO

Alastair Hall (54yo)

4.17yrs

Tenure

US$352,000

Compensation

Mr. Alastair Toby Hall had been Chief Executive Officer of Minds + Machines Group Limited since April 26, 2016 and currently serves as its Group Chief Executive Officer & Executive Director. Mr. Hall serve ...


CEO Compensation Analysis

Compensation vs Market: Alastair's total compensation ($USD352.00K) is below average for companies of similar size in the US market ($USD571.43K).

Compensation vs Earnings: Alastair's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alastair Hall
Group CEO & Executive Director4.17yrsUS$352.00k0.055% $41.3k
Michael Salazar
COO, CFO & Executive Director7.5yrsUS$368.00k0.22% $163.3k
Ben Anderson
Chief Operating Officerno datano datano data
Ronan Prendergast
Interim Chief Technology Officerno datano datano data
Sheri Falcon
General Counsel1.33yrsno datano data
Christa Taylor
Chief Marketing Officer1.33yrsno datano data
Scott Doré
MD & Wealth Managerno datano datano data
Tony Farrow
Senior Vice President1.33yrsno datano data
Vaughn Liley
Chief Revenue Officerno datano datano data
Deep Shah
Financial Controllerno datano datano data

1.3yrs

Average Tenure

Experienced Management: TLVL.F's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alastair Hall
Group CEO & Executive Director4.17yrsUS$352.00k0.055% $41.3k
Michael Salazar
COO, CFO & Executive Director7.5yrsUS$368.00k0.22% $163.3k
Guy Elliott
Non Executive Chairman4.33yrsUS$58.00k2.3% $1.7m
John Disher
Independent Non-Executive Director1.17yrsUS$43.00kno data
Henry Arthur Turcan
Non-Executive Director4.33yrsUS$58.00kno data

4.3yrs

Average Tenure

57yo

Average Age

Experienced Board: TLVL.F's board of directors are considered experienced (4.3 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Minds + Machines Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minds + Machines Group Limited
  • Ticker: TLVL.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: UK£58.700m
  • Listing Market Cap: UK£74.659m
  • Shares outstanding: 903.08m
  • Website: https://www.mmx.co

Number of Employees


Location

  • Minds + Machines Group Limited
  • Craigmuir Chambers
  • Road Town
  • Tortola
  • VG 1110
  • British Virgin Islands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2007
TLVL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007

Biography

Minds + Machines Group Limited owns and operates a portfolio of domain assets in United States, Europe, and Asia. Its portfolio focuses on geographic domains, such as .london, .boston, .miami, .bayern; professional occupations, including .law, .abogado, and .dds; consumer interests consisting of .fashion, .wedding, .vip; lifestyle comprising .fit, .surf, .yoga; outdoor activities, including .fishing, .garden, .horse; and generic names, such as .work and .casa. It offers its services through a network of registrars and distribution partners to B2B and consumer audiences. The company was formerly known as Top Level Domain Holdings Limited and changed its name to Minds + Machines Group Limited in March 2014. Minds + Machines Group Limited is based in Road Town, the British Virgin Islands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 04:57
End of Day Share Price2020/05/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.