NasdaqGS:INSG

Stock Analysis Report

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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

High growth potential and slightly overvalued.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-16.6%

INSG

-0.2%

US Communications

-0.04%

US Market


1 Year Return

190.2%

INSG

-3.7%

US Communications

17.1%

US Market

Return vs Industry: INSG exceeded the US Communications industry which returned -5.8% over the past year.

Return vs Market: INSG exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

INSGIndustryMarket
7 Day-16.6%-0.2%-0.04%
30 Day7.9%4.9%5.1%
90 Day22.3%10.3%19.5%
1 Year190.2%190.2%-1.1%-3.7%19.6%17.1%
3 Year983.0%983.0%41.4%31.7%42.5%33.3%
5 Year389.1%389.1%66.1%47.9%75.1%56.2%

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 ($12.13) is trading below our estimate of fair value ($47.4)

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 US 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 7 analysts?

114.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INSG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: INSG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: INSG's is expected to become profitable in the next 3 years.

Revenue vs Market: INSG's revenue (22.7% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: INSG's revenue (22.7% 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?

2.9%

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 2.9% 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 (-29.6%).


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 sufficient cash runway for more than a year 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 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 recent payouts.

High Dividend: Unable to evaluate INSG'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 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?

1.2yrs

Average management tenure


CEO

Dan Mondor (65 yo)

3.17yrs

Tenure

US$1,213,212

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 ($USD1.21M) is below average for companies of similar size in the US market ($USD2.99M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dan Mondor
Chairman & CEO3.17yrsUS$1.21m0.16%
$ 1.9m
Stephen Smith
Executive VP & CFO3yrsUS$453.11k0.0090%
$ 106.0k
Douglas Kahn
Executive Vice President of Operations & Customer Success1.5yrsno data0.0070%
$ 82.0k
Dan Picker
Senior VP & CTO0.50yrno datano data
Kurt Scheuerman
Senior VP & General Counsel0.50yrno datano data
Wendy Caceres
Chief Marketing Officer0.92yrno datano data
Natacha Pavan
Chief Human Resources Officer0.50yrno datano data
Ashish Sharma
President of IoT & Mobile Solutions0.92yrno data0.031%
$ 361.6k
Mark Frisch
Executive Vice President of Americas Sales2.33yrsno datano data
Simon Rayne
Senior VP & MD for the UK2yrsno datano data
John Weldon
Senior Vice President of Ctrack1.92yrsno datano data
Adam Gould
Senior Vice President of Product Management0.75yrno datano data

1.2yrs

Average Tenure

61yo

Average Age

Experienced Management: INSG's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dan Mondor
Chairman & CEO3.17yrsUS$1.21m0.16%
$ 1.9m
Jeffrey Tuder
Independent Director3.17yrsUS$202.25k0.12%
$ 1.5m
James Avery
Independent Director2yrsUS$476.58kno data
Brian Miller
Independent Director2yrsUS$132.57k0.033%
$ 384.9k
Christopher Harland
Independent Director0.92yrUS$168.25kno data

2.0yrs

Average Tenure

57yo

Average Age

Experienced Board: INSG's board of directors are not considered experienced ( 2 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: INSG insiders have only sold shares 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 23.2%.


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$1.177b
  • Shares outstanding: 97.02m
  • 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 2000
INSGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2000

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 Analysis2020/08/11 23:56
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
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.