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 Analysis

Slightly overvalued with limited growth.


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

Stable Share Price: INSG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

22.0%

INSG

-2.6%

US Communications

-2.6%

US Market


1 Year Return

62.4%

INSG

-29.1%

US Communications

-13.3%

US Market

Return vs Industry: INSG exceeded the US Communications industry which returned -29.1% over the past year.

Return vs Market: INSG exceeded the US Market which returned -13.3% over the past year.


Shareholder returns

INSGIndustryMarket
7 Day22.0%-2.6%-2.6%
30 Day29.3%-3.0%-15.2%
90 Day-6.4%-17.8%-22.2%
1 Year62.4%62.4%-27.5%-29.1%-11.5%-13.3%
3 Year234.8%234.8%12.4%5.3%13.2%5.7%
5 Yearn/a38.7%23.0%31.8%17.2%

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

Below Fair Value: INSG ($7.6) is trading below our estimate of fair value ($24.48)

Significantly Below Fair Value: 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

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?

78.3%

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 (21% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: INSG's revenue (21% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INSG is currently unprofitable.

Growing Profit Margin: INSG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INSG is unprofitable, but has reduced losses over the past 5 years at a rate of 13.9% 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 (-13.2%).


Return on Equity

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


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


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

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.


Stability and Growth of Payments

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

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

0.9yrs

Average management tenure


CEO

Dan Mondor (64yo)

2.83s

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: Dan's total compensation ($USD2.63M) is about average for companies of similar size in the US market ($USD3.25M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dan Mondor
Chairman & CEO2.83yrsUS$2.63m0.15% $1.1m
Stephen Smith
Executive VP & CFO2.67yrsUS$962.02k0.026% $188.6k
Douglas Kahn
Executive Vice President of Operations & Customer Success1.17yrsno datano data
Dan Picker
Senior VP & CTO0.17yrno datano data
Kurt Scheuerman
Senior VP & General Counsel0.17yrno datano data
Wendy Caceres
Chief Marketing Officer0.58yrno datano data
Natacha Pavan
Chief Human Resources Officer0.17yrno datano data
Ashish Sharma
President of IoT & Mobile Solutions0.58yrno datano data
Mark Frisch
Senior VP of Service Provider Sales for Americas2yrsno datano data
Richard Harris
Senior Vice President of Enterprise Sales for the Americas1.92yrsno datano data

0.9yrs

Average Tenure

60yo

Average Age

Experienced Management: INSG's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dan Mondor
Chairman & CEO2.83yrsUS$2.63m0.15% $1.1m
Jeffrey Tuder
Independent Director2.83yrsUS$323.28k0.070% $508.7k
James Avery
Independent Director1.67yrsUS$101.74kno data
Brian Miller
Independent Director1.67yrsUS$175.95kno data
Christopher Harland
Independent Director0.58yrno datano data

1.7yrs

Average Tenure

54yo

Average Age

Experienced Board: INSG's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.


Top Shareholders

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$730.523m
  • Shares outstanding: 96.12m
  • 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 worldwide. The company provides wireless 3G, 4G, and 5G hardware products for vertical markets including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, and mobile hotspots, and wireless gateways and routers for IIoT applications, Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. The company also sells software-as-a-service (SaaS), software, and services solutions in various mobile and industrial IoT vertical markets comprising fleet management, vehicle telematics, aviation telematics, usage-based insurance, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include Ctrack platforms, which provide fleet, vehicle, aviation, asset, and other telematics applications; and Device Management Solutions, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their wireless assets by helping them to save money on personnel and telecom expenses. Inseego Corp. was founded in 1996 and is headquartered in San Diego, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 04:46
End of Day Share Price2020/04/06 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.