NasdaqGS:INSG

Stock Analysis Report

Executive Summary

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide.

Snowflake

Fundamentals

Slightly overvalued with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

INSG

0.8%

US Communications

2.3%

US Market


1 Year Return

36.5%

INSG

-0.1%

US Communications

5.6%

US Market

Return vs Industry: INSG exceeded the US Communications industry which returned -0.1% over the past year.

Return vs Market: INSG exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

INSGIndustryMarket
7 Day-0.8%0.8%2.3%
30 Day0%-5.4%-1.0%
90 Day-3.7%-15.7%-0.7%
1 Year36.5%36.5%2.1%-0.1%7.9%5.6%
3 Yearn/a51.2%41.8%45.6%36.3%
5 Yearn/a93.7%73.5%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: INSG ($4.94) is trading below our estimate of fair value ($13.21)

Significantly Undervalued: INSG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INSG is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: INSG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INSG has negative assets, so we can't compare its PB Ratio to the US Communications industry average.


Next Steps

Future Growth

How is Inseego forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

70.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INSG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: INSG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: INSG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: INSG's revenue (19.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: INSG's revenue (19.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if INSG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Inseego performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INSG is unprofitable, but has reduced losses over the past 5 years at a rate of 15.5% per year.

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

Earnings vs Industry: INSG is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (22.8%).


Return on Equity

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


Return on Assets

ROA vs Industry: INSG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: INSG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Inseego's financial position?


Financial Position Analysis

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

Long Term Liabilities: INSG 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: INSG has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

Inventory Level: INSG has a high level of physical assets or inventory.

Debt Coverage by Assets: INSG 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: INSG has less than a year of cash runway based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of Inseego's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Dan Mondor (64yo)

2.3yrs

Tenure

US$2,634,390

Compensation

Mr. Dan Mondor has been Chairman of Inseego Corp. since August 6, 2018. Mr. Mondor has been Chief Executive Officer of Inseego Corp. since June 6, 2017. Mr. Mondor served as the Chief Executive Officer of  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Dan's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.3yrs

Average Tenure

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


Board Age and Tenure

1.2yrs

Average Tenure

54yo

Average Age

Experienced Board: INSG's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$18,720,00012 Jul 19
North Sound Management, Inc.
EntityCompany
Shares3,900,000
Max PriceUS$4.80
SellUS$34,421,39727 Dec 18
HC2 Holdings, Inc.
EntityCompany
Shares11,473,799
Max PriceUS$3.00
BuyUS$5,163,21020 Dec 18
North Sound Management, Inc.
EntityCompany
Shares1,721,070
Max PriceUS$3.00
BuyUS$29,258,18720 Dec 18
Golden Harbor Ltd.
EntityCompany
Shares9,752,729
Max PriceUS$3.00
SellUS$55,96327 Nov 18
Jeffrey Tuder
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,248
Max PriceUS$3.67
SellUS$48,38521 Nov 18
Jeffrey Tuder
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares13,085
Max PriceUS$3.70

Ownership Breakdown


Management Team

  • Steve Smith (60yo)

    Executive VP & CFO

    • Tenure: 2.2yrs
    • Compensation: US$962.02k
  • Rick Harris

    Senior Vice President of Enterprise Sales for the Americas

    • Tenure: 1.4yrs
  • Dennis Calderon

    VP of Legal Affairs & Secretary

    • Tenure: 2.3yrs
  • Dan Mondor (64yo)

    Chairman & CEO

    • Tenure: 2.3yrs
    • Compensation: US$2.63m
  • Ashish Sharma

    Executive VP of IoT & Mobile Solutions

    • Tenure: 0.08yrs
  • Simon Rayne

    Senior VP & MD for the UK

    • Tenure: 1.2yrs
  • Mark Frisch

    Senior VP of Service Provider Sales for Americas

    • Tenure: 1.5yrs
  • John Weldon

    Senior Vice President of Enterprise SaaS Solutions

    • Tenure: 1.1yrs
  • Doug Kahn

    Executive Vice President of Operations & Customer Success

    • Tenure: 0.7yrs
  • Wendy Caceres

    Chief Marketing Officer

    • Tenure: 0.08yrs

Board Members

  • Jeff Tuder (46yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$323.28k
  • Jim Avery (56yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$101.74k
  • Brian Miller (52yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$175.95k
  • Dan Mondor (64yo)

    Chairman & CEO

    • Tenure: 2.3yrs
    • Compensation: US$2.63m
  • Chris Harland

    Independent Director

    • Tenure: 0.08yrs

Company Information

Inseego Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inseego Corp.
  • Ticker: INSG
  • Exchange: NasdaqGS
  • Founded: 1996
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$392.929m
  • Shares outstanding: 79.54m
  • Website: https://www.inseego.com

Number of Employees


Location

  • Inseego Corp.
  • 9605 Scranton Road
  • Suite 300
  • San Diego
  • California
  • 92121
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INODB (Deutsche Boerse AG)YesCommon StockDEEURNov 2016
INSGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2016

Biography

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:28
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.