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ISSUER DIRECT CORP (ISDR) Stock Fundamental Analysis

NYSEARCA:ISDR - NYSE Arca - US46520M2044 - Common Stock - Currency: USD

9.65  +0.2 (+2.12%)

After market: 10.3 +0.65 (+6.74%)

Fundamental Rating

3

Taking everything into account, ISDR scores 3 out of 10 in our fundamental rating. ISDR was compared to 282 industry peers in the Software industry. There are concerns on the financial health of ISDR while its profitability can be described as average. ISDR has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

ISDR had positive earnings in the past year.
ISDR had a positive operating cash flow in the past year.
ISDR had positive earnings in each of the past 5 years.
Each year in the past 5 years ISDR had a positive operating cash flow.
ISDR Yearly Net Income VS EBIT VS OCF VS FCFISDR 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 1M 2M 3M 4M

1.2 Ratios

ISDR has a Return On Assets (-2.15%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of -3.75%, ISDR is in line with its industry, outperforming 58.42% of the companies in the same industry.
The Return On Invested Capital of ISDR (0.41%) is better than 63.44% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ISDR is significantly below the industry average of 12.28%.
The 3 year average ROIC (4.56%) for ISDR is well above the current ROIC(0.41%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA -2.15%
ROE -3.75%
ROIC 0.41%
ROA(3y)4.16%
ROA(5y)4.13%
ROE(3y)6.13%
ROE(5y)5.7%
ROIC(3y)4.56%
ROIC(5y)4.12%
ISDR Yearly ROA, ROE, ROICISDR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10

1.3 Margins

In the last couple of years the Profit Margin of ISDR has declined.
ISDR's Operating Margin of 1.14% is fine compared to the rest of the industry. ISDR outperforms 63.80% of its industry peers.
ISDR's Operating Margin has been stable in the last couple of years.
The Gross Margin of ISDR (75.11%) is better than 67.03% of its industry peers.
In the last couple of years the Gross Margin of ISDR has remained more or less at the same level.
Industry RankSector Rank
OM 1.14%
PM (TTM) N/A
GM 75.11%
OM growth 3Y-16.6%
OM growth 5Y0.64%
PM growth 3Y-41.34%
PM growth 5Y-17.16%
GM growth 3Y2.51%
GM growth 5Y1.39%
ISDR Yearly Profit, Operating, Gross MarginsISDR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ISDR is destroying value.
Compared to 1 year ago, ISDR has more shares outstanding
ISDR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ISDR has been reduced compared to a year ago.
ISDR Yearly Shares OutstandingISDR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 1M 2M 3M
ISDR Yearly Total Debt VS Total AssetsISDR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

Based on the Altman-Z score of 1.54, we must say that ISDR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.54, ISDR is doing worse than 61.65% of the companies in the same industry.
The Debt to FCF ratio of ISDR is 7.06, which is on the high side as it means it would take ISDR, 7.06 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.06, ISDR is in line with its industry, outperforming 52.69% of the companies in the same industry.
ISDR has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
ISDR has a Debt to Equity ratio of 0.47. This is in the lower half of the industry: ISDR underperforms 67.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 7.06
Altman-Z 1.54
ROIC/WACC0.04
WACC10.14%
ISDR Yearly LT Debt VS Equity VS FCFISDR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

2.3 Liquidity

A Current Ratio of 0.80 indicates that ISDR may have some problems paying its short term obligations.
The Current ratio of ISDR (0.80) is worse than 82.80% of its industry peers.
ISDR has a Quick Ratio of 0.80. This is a bad value and indicates that ISDR is not financially healthy enough and could expect problems in meeting its short term obligations.
ISDR has a Quick ratio of 0.80. This is amonst the worse of the industry: ISDR underperforms 82.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.8
ISDR Yearly Current Assets VS Current LiabilitesISDR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

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1

3. Growth

3.1 Past

ISDR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -52.67%.
ISDR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.51% yearly.
ISDR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.64%.
The Revenue has been growing by 18.59% on average over the past years. This is quite good.
EPS 1Y (TTM)-52.67%
EPS 3Y10.84%
EPS 5Y-3.51%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)-11.64%
Revenue growth 3Y21.68%
Revenue growth 5Y18.59%
Sales Q2Q%-8.14%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-43.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-14.87%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ISDR Yearly Revenue VS EstimatesISDR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
ISDR Yearly EPS VS EstimatesISDR Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 0.5 1

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 15.56, which indicates a correct valuation of ISDR.
Based on the Price/Earnings ratio, ISDR is valued cheaply inside the industry as 86.38% of the companies are valued more expensively.
ISDR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
With a Price/Forward Earnings ratio of 13.33, ISDR is valued correctly.
ISDR's Price/Forward Earnings ratio is rather cheap when compared to the industry. ISDR is cheaper than 90.68% of the companies in the same industry.
ISDR is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.33, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.56
Fwd PE 13.33
ISDR Price Earnings VS Forward Price EarningsISDR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ISDR is valued cheaper than 89.25% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ISDR indicates a rather cheap valuation: ISDR is cheaper than 90.68% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.73
EV/EBITDA 13.51
ISDR Per share dataISDR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6 8

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for ISDR!.
Industry RankSector Rank
Dividend Yield N/A

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ISSUER DIRECT CORP

NYSEARCA:ISDR (1/24/2025, 8:04:00 PM)

After market: 10.3 +0.65 (+6.74%)

9.65

+0.2 (+2.12%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)N/A N/A
Inst Owners41.62%
Inst Owner Change0%
Ins Owners19.4%
Ins Owner Change0%
Market Cap36.96M
Analysts82.86
Price Target13.26 (37.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.98%
Min EPS beat(2)-16.67%
Max EPS beat(2)2.71%
EPS beat(4)1
Avg EPS beat(4)-32.59%
Min EPS beat(4)-72.95%
Max EPS beat(4)2.71%
EPS beat(8)3
Avg EPS beat(8)-20.72%
EPS beat(12)5
Avg EPS beat(12)-9.15%
EPS beat(16)7
Avg EPS beat(16)-0.32%
Revenue beat(2)0
Avg Revenue beat(2)-2.81%
Min Revenue beat(2)-4.53%
Max Revenue beat(2)-1.08%
Revenue beat(4)0
Avg Revenue beat(4)-9.03%
Min Revenue beat(4)-20.63%
Max Revenue beat(4)-1.08%
Revenue beat(8)1
Avg Revenue beat(8)-7.46%
Revenue beat(12)2
Avg Revenue beat(12)-6.46%
Revenue beat(16)5
Avg Revenue beat(16)-3.37%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.54%
EPS NY rev (1m)-4.05%
EPS NY rev (3m)-4.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.95%
Revenue NY rev (1m)-2.02%
Revenue NY rev (3m)-2.02%
Valuation
Industry RankSector Rank
PE 15.56
Fwd PE 13.33
P/S 1.27
P/FCF 15.73
P/OCF 12.06
P/B 1.05
P/tB N/A
EV/EBITDA 13.51
EPS(TTM)0.62
EY6.42%
EPS(NY)0.72
Fwd EY7.5%
FCF(TTM)0.61
FCFY6.36%
OCF(TTM)0.8
OCFY8.29%
SpS7.61
BVpS9.21
TBVpS-3.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.15%
ROE -3.75%
ROCE 0.68%
ROIC 0.41%
ROICexc 0.45%
ROICexgc N/A
OM 1.14%
PM (TTM) N/A
GM 75.11%
FCFM 8.06%
ROA(3y)4.16%
ROA(5y)4.13%
ROE(3y)6.13%
ROE(5y)5.7%
ROIC(3y)4.56%
ROIC(5y)4.12%
ROICexc(3y)10.86%
ROICexc(5y)10.28%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.05%
ROCE(5y)6.94%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-39.51%
ROICexc growth 5Y-14.74%
OM growth 3Y-16.6%
OM growth 5Y0.64%
PM growth 3Y-41.34%
PM growth 5Y-17.16%
GM growth 3Y2.51%
GM growth 5Y1.39%
F-Score3
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 7.06
Debt/EBITDA 4.9
Cap/Depr 23.36%
Cap/Sales 2.45%
Interest Coverage 0.26
Cash Conversion 90.41%
Profit Quality N/A
Current Ratio 0.8
Quick Ratio 0.8
Altman-Z 1.54
F-Score3
WACC10.14%
ROIC/WACC0.04
Cap/Depr(3y)15.88%
Cap/Depr(5y)15.21%
Cap/Sales(3y)1.02%
Cap/Sales(5y)1.18%
Profit Quality(3y)224.52%
Profit Quality(5y)246.78%
High Growth Momentum
Growth
EPS 1Y (TTM)-52.67%
EPS 3Y10.84%
EPS 5Y-3.51%
EPS Q2Q%-37.04%
EPS Next Y-43.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.64%
Revenue growth 3Y21.68%
Revenue growth 5Y18.59%
Sales Q2Q%-8.14%
Revenue Next Year-14.87%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-88.77%
EBIT growth 3Y1.49%
EBIT growth 5Y19.35%
EBIT Next Year58.31%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-46.25%
FCF growth 3Y-16.29%
FCF growth 5Y-1.78%
OCF growth 1Y-30.94%
OCF growth 3Y-11.31%
OCF growth 5Y1.3%