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KORE

KORE Group Holdings NYSE:KORE Stock Report

Last Price

US$3.72

Market Cap

US$283.6m

7D

10.7%

1Y

-62.6%

Updated

24 Jun, 2022

Data

Company Financials +
KORE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

KORE Stock Overview

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide.

KORE Group Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for KORE Group Holdings
Historical stock prices
Current Share PriceUS$3.72
52 Week HighUS$11.15
52 Week LowUS$2.94
Beta0
1 Month Change-11.22%
3 Month Change-28.74%
1 Year Change-62.61%
3 Year Changen/a
5 Year Changen/a
Change since IPO-63.39%

Recent News & Updates

Shareholder Returns

KOREUS Wireless TelecomUS Market
7D10.7%9.2%4.0%
1Y-62.6%-10.2%-20.5%

Return vs Industry: KORE underperformed the US Wireless Telecom industry which returned -10.2% over the past year.

Return vs Market: KORE underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is KORE's price volatile compared to industry and market?
KORE volatility
KORE Average Weekly Movement13.6%
Wireless Telecom Industry Average Movement9.3%
Market Average Movement7.9%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: KORE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: KORE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2002614Romil Bahlhttps://www.korewireless.com

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services.

KORE Group Holdings Fundamentals Summary

How do KORE Group Holdings's earnings and revenue compare to its market cap?
KORE fundamental statistics
Market CapUS$283.61m
Earnings (TTM)-US$45.63m
Revenue (TTM)US$261.86m

1.1x

P/S Ratio

-6.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KORE income statement (TTM)
RevenueUS$261.86m
Cost of RevenueUS$132.82m
Gross ProfitUS$129.04m
Other ExpensesUS$174.67m
Earnings-US$45.63m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.60
Gross Margin49.28%
Net Profit Margin-17.43%
Debt/Equity Ratio151.7%

How did KORE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is KORE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KORE?

Other financial metrics that can be useful for relative valuation.

KORE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA21.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does KORE's PS Ratio compare to its peers?

KORE PS Ratio vs Peers
The above table shows the PS ratio for KORE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average11.2x

Price-To-Sales vs Peers: KORE is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does KORE's PE Ratio compare vs other companies in the U.S. Wireless Telecom Industry?

Price-To-Sales vs Industry: KORE is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Wireless Telecom industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is KORE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KORE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: KORE is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).


Share Price vs Fair Value

What is the Fair Price of KORE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KORE ($3.72) is trading below our estimate of fair value ($38.29)

Significantly Below Fair Value: KORE is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

How is KORE Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


74.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: KORE's revenue (11.1% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: KORE's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KORE is forecast to be unprofitable in 3 years.


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Past Performance

How has KORE Group Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.4%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: KORE is currently unprofitable.

Growing Profit Margin: KORE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if KORE's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: KORE is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (0.2%).


Return on Equity

High ROE: KORE has a negative Return on Equity (-12.46%), as it is currently unprofitable.


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Financial Health

How is KORE Group Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: KORE's short term assets ($110.0M) exceed its short term liabilities ($44.5M).

Long Term Liabilities: KORE's short term assets ($110.0M) do not cover its long term liabilities ($461.8M).


Debt to Equity History and Analysis

Debt Level: KORE's net debt to equity ratio (140.1%) is considered high.

Reducing Debt: Insufficient data to determine if KORE's debt to equity ratio has reduced over the past 5 years.


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: KORE has sufficient cash runway for more than a year based on its current free cash flow.

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


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Dividend

What is KORE Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate KORE'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 KORE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KORE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KORE has not reported any payouts.


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Management

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

0.5yrs

Average management tenure


CEO

Romil Bahl (52 yo)

no data

Tenure

US$5,744,288

Compensation

Mr. Romil Bahl serves as Independent Director at Perficient, Inc. since February 25, 2022. He is President, Chief Executive Officer and Director at KORE Wireless Group, Inc. Mr. Bahl is President, Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Romil's total compensation ($USD5.74M) is above average for companies of similar size in the US market ($USD1.73M).

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


Leadership Team

Experienced Management: KORE's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: KORE's board of directors are not considered experienced ( 0.2 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

KORE Group Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: KORE Group Holdings, Inc.
  • Ticker: KORE
  • Exchange: NYSE
  • Founded: 2002
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: US$283.613m
  • Shares outstanding: 76.24m
  • Website: https://www.korewireless.com

Number of Employees


Location

  • KORE Group Holdings, Inc.
  • 3700 Mansell Road
  • Suite 300
  • Alpharetta
  • Georgia
  • 30022
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.