Track Group, Inc., together with its subsidiaries, designs, manufactures, and markets location tracking devices, and develops and sells various related software, services, accessories, networking solutions, and monitoring applications.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Track Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRCK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRCK underperformed the US Electronic industry which returned 10.4% over the past year.
Return vs Market: TRCK underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is Track Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Track Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRCK ($0.6) is trading below our estimate of fair value ($1.75)
Significantly Below Fair Value: TRCK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRCK is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: TRCK 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 TRCK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRCK has negative assets, so we can't compare its PB Ratio to the US Electronic industry average.
How is Track Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech 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 Track 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.
- Take a look at our analysis of TRCK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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 Track Group's filings and announcements here.
- Explore growth companies in the Tech industry.
How has Track Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRCK is currently unprofitable.
Growing Profit Margin: TRCK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRCK is unprofitable, but has reduced losses over the past 5 years at a rate of 19.4% per year.
Accelerating Growth: Unable to compare TRCK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRCK is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).
Return on Equity
High ROE: TRCK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
How is Track Group's financial position?
Financial Position Analysis
Short Term Liabilities: TRCK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRCK 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: TRCK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRCK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Inventory Level: TRCK has a low level of unsold assets or inventory.
Debt Coverage by Assets: TRCK 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: Whilst unprofitable TRCK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TRCK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.7% per year.
What is Track Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TRCK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRCK'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 TRCK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRCK'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 TRCK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Derek Cassell (45yo)
Mr. Derek Cassell has been Chief Executive Officer of Track Group, Inc. since January 1, 2018. Mr. Cassell served as President of Track Group, Inc. from December 19, 2016 to January 1, 2018. and served as ...
CEO Compensation Analysis
Compensation vs Market: Derek's total compensation ($USD641.67K) is about average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Derek's compensation has increased whilst the company is unprofitable.
|Chief Executive Officer||2.1yrs||US$641.67k||2.78% $190.3k|
|Chief Financial Officer||3.1yrs||US$416.67k||1.17% $80.2k|
|Vice President of Operations||0.8yrs||no data||no data|
|Chief Technology Officer||0.8yrs||no data||no data|
|General Counsel & Corporate Secretary||8.5yrs||no data||no data|
|Vice President of Global Sales||1.1yrs||no data||no data|
|Vice President of Marketing & Product Management||0.8yrs||no data||no data|
|Divisional President of International||0yrs||no data||no data|
Experienced Management: TRCK's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Independent Chairman of the Board||7yrs||US$100.00k||2.76% $189.2k|
|Independent Director||4.1yrs||US$100.00k||0.48% $33.1k|
Experienced Board: TRCK's board of directors are considered experienced (4.1 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.
Track Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Track Group, Inc.
- Ticker: TRCK
- Exchange: OTCPK
- Founded: 1995
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$6.848m
- Shares outstanding: 11.41m
- Website: https://www.trackgrp.com
Number of Employees
- Track Group, Inc.
- 200 East 5th Avenue
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRCK||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jun 2003|
|G7F2||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Jun 2003|
Track Group, Inc., together with its subsidiaries, designs, manufactures, and markets location tracking devices, and develops and sells various related software, services, accessories, networking solutions, and monitoring applications. The company’s products and services include hardware and software applications, device-agnostic operating systems, and accessories, including ReliAlert XC3, a GPS device that enables agencies to track offender movements and communicate directly with offenders through a patented on-board two/three-way voice communication technology; Shadow, an offender tracking device with 3G compliant; TrackerPAL, a cloud-based monitoring system; and TrackerPAL Mobile, a mobile application of the TrackerPAL software for Android and iOS devices. It also provides data analytics services; BACtrack, a smartphone-based remote alcohol monitoring system; Violence Smartphone Application that creates a mobile geo-zone around a survivor of domestic abuse and communicates with the offender’s tracking device; InTouch, a smartphone monitoring and supervision application for the criminal justice market to compliment traditional Electronic Monitoring Solutions; SecureCuff steel bands; and RF Beacon, a self-contained and short-range transmitting station that provides a radio frequency signal communicating with assigned offender GPS devices, as well as product support services. Track Group, Inc. sells its products primarily in the United States, Latin American countries, and the Caribbean countries. The company was formerly known as SecureAlert, Inc. and changed its name to Track Group, Inc. in May 2015. Track Group, Inc. was incorporated in 1995 and is headquartered in Naperville, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:12|
|End of Day Share Price||2020/02/10 00:00|
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.