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.

Risks

  • Inseego has significant price volatility in the past 3 months.

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

-6.9%

NasdaqGS:INSG

-8.2%

US Communications

-1.0%

US Market


1 Year Return

60.3%

NasdaqGS:INSG

-2.2%

US Communications

-0.4%

US Market

INSG outperformed the Communications industry which returned -2.5% over the past year.

INSG outperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

INSGIndustryMarket
7 Day-6.9%-8.2%-1.0%
30 Day-20.5%-15.6%-3.3%
90 Day-17.7%-13.2%0.4%
1 Year60.3%60.3%-0.02%-2.2%1.8%-0.4%
3 Yearn/a51.4%41.8%39.4%30.4%
5 Yearn/a79.3%60.9%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Inseego's share price is below the future cash flow value, and at a moderate discount (> 20%).

Inseego's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Inseego is loss making, we can't compare its value to the US Communications industry average.

Inseego is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Inseego, we can't assess if its growth is good value.


Price Based on Value of Assets

Inseego has negative assets, we can't compare the value of its assets to the US Communications industry average.


Next Steps

Future Growth

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

69.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Inseego's revenue is expected to grow by 19.7% yearly, however this is not considered high growth (20% yearly).

Inseego is not considered high growth as it is expected to be loss making for the next 1-3 years.

Inseego's revenue growth is expected to exceed the United States of America market average.

Unable to compare Inseego's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Inseego's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Inseego will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Inseego does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Inseego's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Inseego's 1-year growth to the US Communications industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Inseego has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

Inseego used its assets more efficiently than the US Communications industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Inseego improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Inseego's financial position?


Financial Position Analysis

Inseego's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Inseego's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Inseego has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Inseego's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Inseego 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.

Inseego has less than a year of cash runway based on current free cash flow.

Inseego has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.2% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Inseego's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Inseego's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Inseego has not reported any payouts.

Unable to verify if Inseego's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Inseego 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.


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)

2.2yrs

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

Dan's remuneration is higher than average for companies of similar size in United States of America.

Dan's compensation has increased whilst company is loss making.


Management Age and Tenure

1.3yrs

Average Tenure

The average tenure for the Inseego management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

56yo

Average Age

The average tenure for the Inseego board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


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
Shares15,248
Max PriceUS$3.67
SellUS$48,38521 Nov 18
Jeffrey Tuder
EntityIndividual
Role
Member of the Board of Directors
Shares13,085
Max PriceUS$3.70

Ownership Breakdown


Management Team

  • Mark Frisch

    Senior VP of Service Provider Sales for Americas

    • Tenure: 1.3yrs
  • John Weldon

    Senior Vice President of Enterprise SaaS Solutions

    • Tenure: 0.9yrs
  • Steve Smith (60yo)

    Executive VP & CFO

    • Tenure: 2.0yrs
    • Compensation: $962.02k
  • Doug Kahn

    Executive Vice President of Operations & Customer Success

    • Tenure: 0.5yrs
  • Simon Rayne

    Senior VP & MD for the UK

    • Tenure: 1.0yrs
  • Ashish Sharma

    Chief Marketing Officer and Executive VP of IoT & Mobile Solutions

    • Tenure: 1.9yrs
  • Rick Harris

    Senior Vice President of Enterprise Sales for the Americas

    • Tenure: 1.3yrs
  • Dan Mondor (64yo)

    Chairman & CEO

    • Tenure: 2.2yrs
    • Compensation: $2.63m
  • Dennis Calderon

    VP of Legal Affairs & Secretary

    • Tenure: 2.1yrs

Board Members

  • Jeff Tuder (46yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: $323.28k
  • Bob Pons (63yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: $161.91k
  • Jim Avery (56yo)

    Director

    • Tenure: 1.0yrs
    • Compensation: $101.74k
  • Brian Miller (52yo)

    Director

    • Tenure: 1.0yrs
    • Compensation: $175.95k
  • Dan Mondor (64yo)

    Chairman & CEO

    • Tenure: 1.0yrs
    • Compensation: $2.63m

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$321.342m
  • Shares outstanding: 79.54m
  • Website: Click here

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 Analysis2019/08/17 00:32
End of Day Share Price2019/08/16 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.