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INSEEGO CORP (INSG) Stock Fundamental Analysis

NASDAQ:INSG - Nasdaq - US45782B3024 - Common Stock - Currency: USD

12.57  -0.34 (-2.63%)

After market: 12.41 -0.16 (-1.27%)

Fundamental Rating

2

Overall INSG gets a fundamental rating of 2 out of 10. We evaluated INSG against 51 industry peers in the Communications Equipment industry. Both the profitability and financial health of INSG have multiple concerns. INSG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year INSG was profitable.
INSG had a positive operating cash flow in the past year.
INSG had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: INSG reported negative operating cash flow in multiple years.
INSG Yearly Net Income VS EBIT VS OCF VS FCFINSG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M -60M -80M -100M

1.2 Ratios

INSG's Return On Assets of -15.56% is on the low side compared to the rest of the industry. INSG is outperformed by 76.00% of its industry peers.
Industry RankSector Rank
ROA -15.56%
ROE N/A
ROIC N/A
ROA(3y)-36.28%
ROA(5y)-36.82%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
INSG Yearly ROA, ROE, ROICINSG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100 200 300 400

1.3 Margins

Looking at the Gross Margin, with a value of 35.39%, INSG is in line with its industry, outperforming 42.00% of the companies in the same industry.
INSG's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for INSG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 35.39%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.53%
GM growth 5Y-5.22%
INSG Yearly Profit, Operating, Gross MarginsINSG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

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1

2. Health

2.1 Basic Checks

INSG does not have a ROIC to compare to the WACC, probably because it is not profitable.
INSG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for INSG has been increased compared to 5 years ago.
Compared to 1 year ago, INSG has a worse debt to assets ratio.
INSG Yearly Shares OutstandingINSG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
INSG Yearly Total Debt VS Total AssetsINSG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

INSG has an Altman-Z score of -9.87. This is a bad value and indicates that INSG is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -9.87, INSG is doing worse than 78.00% of the companies in the same industry.
INSG has a debt to FCF ratio of 4.92. This is a neutral value as INSG would need 4.92 years to pay back of all of its debts.
INSG has a Debt to FCF ratio of 4.92. This is comparable to the rest of the industry: INSG outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.92
Altman-Z -9.87
ROIC/WACCN/A
WACC8.16%
INSG Yearly LT Debt VS Equity VS FCFINSG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M -100M 150M

2.3 Liquidity

A Current Ratio of 0.45 indicates that INSG may have some problems paying its short term obligations.
The Current ratio of INSG (0.45) is worse than 96.00% of its industry peers.
INSG has a Quick Ratio of 0.45. This is a bad value and indicates that INSG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.35, INSG is not doing good in the industry: 96.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.45
Quick Ratio 0.35
INSG Yearly Current Assets VS Current LiabilitesINSG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

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4

3. Growth

3.1 Past

INSG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 104.19%, which is quite impressive.
Looking at the last year, INSG shows a quite strong growth in Revenue. The Revenue has grown by 12.18% in the last year.
INSG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.68% yearly.
EPS 1Y (TTM)104.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%150.63%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y-14.57%
Revenue growth 5Y-0.68%
Sales Q2Q%11.22%

3.2 Future

The Earnings Per Share is expected to grow by 35.64% on average over the next years. This is a very strong growth
INSG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.76% yearly.
EPS Next Y100.83%
EPS Next 2Y46.93%
EPS Next 3Y35.64%
EPS Next 5YN/A
Revenue Next Year2.72%
Revenue Next 2Y-1.67%
Revenue Next 3Y2.76%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
INSG Yearly Revenue VS EstimatesINSG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
INSG Yearly EPS VS EstimatesINSG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -2 -4

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 96.69, which means the current valuation is very expensive for INSG.
INSG's Price/Earnings is on the same level as the industry average.
INSG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 30.43.
Based on the Price/Forward Earnings ratio of 32.15, the valuation of INSG can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as INSG.
INSG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.78.
Industry RankSector Rank
PE 96.69
Fwd PE 32.15
INSG Price Earnings VS Forward Price EarningsINSG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INSG indicates a somewhat cheap valuation: INSG is cheaper than 62.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, INSG is valued cheaply inside the industry as 94.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.24
EV/EBITDA 23.25
INSG Per share dataINSG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
INSG's earnings are expected to grow with 35.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.96
PEG (5Y)N/A
EPS Next 2Y46.93%
EPS Next 3Y35.64%

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0

5. Dividend

5.1 Amount

INSG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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INSEEGO CORP

NASDAQ:INSG (2/18/2025, 8:00:02 PM)

After market: 12.41 -0.16 (-1.27%)

12.57

-0.34 (-2.63%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)02-19 2025-02-19/amc
Inst Owners41.82%
Inst Owner Change-48.06%
Ins Owners2.64%
Ins Owner Change0.58%
Market Cap188.05M
Analysts77.78
Price Target14.62 (16.31%)
Short Float %6.88%
Short Ratio7.88
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)316.11%
Min EPS beat(2)10.29%
Max EPS beat(2)621.92%
EPS beat(4)4
Avg EPS beat(4)168.29%
Min EPS beat(4)6.05%
Max EPS beat(4)621.92%
EPS beat(8)6
Avg EPS beat(8)11.35%
EPS beat(12)7
Avg EPS beat(12)2.84%
EPS beat(16)9
Avg EPS beat(16)-216.86%
Revenue beat(2)1
Avg Revenue beat(2)1.09%
Min Revenue beat(2)-5.92%
Max Revenue beat(2)8.09%
Revenue beat(4)3
Avg Revenue beat(4)3.01%
Min Revenue beat(4)-5.92%
Max Revenue beat(4)8.09%
Revenue beat(8)5
Avg Revenue beat(8)-1.56%
Revenue beat(12)7
Avg Revenue beat(12)-1.22%
Revenue beat(16)9
Avg Revenue beat(16)-0.59%
PT rev (1m)0%
PT rev (3m)-12.24%
EPS NQ rev (1m)-77.77%
EPS NQ rev (3m)0%
EPS NY rev (1m)-77.78%
EPS NY rev (3m)-84.62%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-19.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.52%
Valuation
Industry RankSector Rank
PE 96.69
Fwd PE 32.15
P/S 0.81
P/FCF 8.24
P/OCF 6.24
P/B N/A
P/tB N/A
EV/EBITDA 23.25
EPS(TTM)0.13
EY1.03%
EPS(NY)0.39
Fwd EY3.11%
FCF(TTM)1.53
FCFY12.14%
OCF(TTM)2.01
OCFY16.03%
SpS15.44
BVpS-5.69
TBVpS-7.25
PEG (NY)0.96
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.56%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 35.39%
FCFM 9.89%
ROA(3y)-36.28%
ROA(5y)-36.82%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.53%
GM growth 5Y-5.22%
F-Score6
Asset Turnover2.04
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.92
Debt/EBITDA 0.49
Cap/Depr 37.48%
Cap/Sales 3.16%
Interest Coverage N/A
Cash Conversion 248.18%
Profit Quality N/A
Current Ratio 0.45
Quick Ratio 0.35
Altman-Z -9.87
F-Score6
WACC8.16%
ROIC/WACCN/A
Cap/Depr(3y)69.31%
Cap/Depr(5y)97.9%
Cap/Sales(3y)7.2%
Cap/Sales(5y)9.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)104.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%150.63%
EPS Next Y100.83%
EPS Next 2Y46.93%
EPS Next 3Y35.64%
EPS Next 5YN/A
Revenue 1Y (TTM)12.18%
Revenue growth 3Y-14.57%
Revenue growth 5Y-0.68%
Sales Q2Q%11.22%
Revenue Next Year2.72%
Revenue Next 2Y-1.67%
Revenue Next 3Y2.76%
Revenue Next 5YN/A
EBIT growth 1Y79.18%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year409.56%
EBIT Next 3Y73.34%
EBIT Next 5YN/A
FCF growth 1Y146.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y185.72%
OCF growth 3Y-29.04%
OCF growth 5YN/A