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CoAssets

ASX:CA8
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CA8
ASX
A$13M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

CoAssets Limited provides funds through crowdfunding or on-balance sheet borrowing and lending in Singapore and China. The last earnings update was 82 days ago. More info.


Add to Portfolio Compare Print
  • CoAssets has significant price volatility in the past 3 months.
CA8 Share Price and Events
7 Day Returns
0%
ASX:CA8
-0.9%
AU Consumer Finance
-0.1%
AU Market
1 Year Returns
-40.9%
ASX:CA8
57.6%
AU Consumer Finance
16.5%
AU Market
CA8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CoAssets (CA8) 0% -23.5% - -40.9% -61.8% -
AU Consumer Finance -0.9% -2.2% 10.7% 57.6% 29.9% 35.1%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • CA8 underperformed the Consumer Finance industry which returned 57.6% over the past year.
  • CA8 underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
CA8
Industry
5yr Volatility vs Market

Value

 Is CoAssets undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CoAssets. This is due to cash flow or dividend data being unavailable. The share price is A$0.065.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CoAssets's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CoAssets's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CA8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in SGD SGD0.01
ASX:CA8 Share Price ** ASX (2019-10-31) in AUD A$0.07
ASX:CA8 Share Price converted to SGD reporting currency Exchange rate (AUD/ SGD) 0.927 SGD0.06
Australia Consumer Finance Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 13.1x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CoAssets.

ASX:CA8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CA8 Share Price ÷ EPS (both in SGD)

= 0.06 ÷ 0.01

6.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CoAssets is good value based on earnings compared to the AU Consumer Finance industry average.
  • CoAssets is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does CoAssets's expected growth come at a high price?
Raw Data
ASX:CA8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 1.03x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CoAssets, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CoAssets's assets?
Raw Data
ASX:CA8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in SGD SGD0.06
ASX:CA8 Share Price * ASX (2019-10-31) in AUD A$0.07
ASX:CA8 Share Price converted to SGD reporting currency Exchange rate (AUD/ SGD) 0.927 SGD0.06
Australia Consumer Finance Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 2.06x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:CA8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CA8 Share Price ÷ Book Value per Share (both in SGD)

= 0.06 ÷ 0.06

1.05x

* Primary Listing of CoAssets.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CoAssets is good value based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess CoAssets's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. CoAssets has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CoAssets expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 CoAssets 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
45.9%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CoAssets expected to grow at an attractive rate?
  • Unable to compare CoAssets's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CoAssets's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare CoAssets's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CA8 Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 45.9%
Australia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 22.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CA8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CA8 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-06-30 12 -4 2
2019-03-31 10 1
2018-12-31 11 -3 2
2018-09-30 8 -3 2
2018-06-30 3 -3 -1
2018-03-31 2 -1
2017-12-31 1 -5 -2
2017-09-30 1 -5 -4
2017-06-30 1 -6 -6
2017-03-31 1 -5 -6
2016-12-31 1 -4 -7
2016-09-30 2 -3 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CoAssets is high growth as no earnings estimate data is available.
  • Unable to determine if CoAssets is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CA8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CoAssets Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CA8 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.00
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CoAssets will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether CoAssets is trading at CoAssets'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. CoAssets's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. CoAssets's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CoAssets's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CoAssets has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CoAssets performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CoAssets's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CoAssets has delivered over 20% year on year earnings growth in the past 5 years.
  • CoAssets has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • CoAssets has become profitable in the last year making it difficult to compare the Oceania Consumer Finance industry average.
Earnings and Revenue History
CoAssets's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CoAssets Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CA8 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 12.41 1.89 1.68
2019-03-31 10.19 0.75 1.02
2018-12-31 10.84 2.47 0.33
2018-09-30 8.33 2.23 0.29
2018-06-30 2.96 -0.89 0.27
2018-03-31 2.09 -1.50 0.41
2017-12-31 1.22 -2.11 0.56
2017-09-30 0.97 -4.18 0.57
2017-06-30 0.73 -6.26 0.58
2017-03-31 0.91 -6.45 0.15
2016-12-31 1.09 -6.64 -0.28
2016-09-30 1.80 -4.66 0.23
2016-06-30 2.51 -2.68 0.75
2015-06-30 0.98 -0.30 1.02
2014-08-31 0.51 -0.01 0.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CoAssets has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CoAssets used its assets more efficiently than the AU Consumer Finance industry average last year based on Return on Assets.
  • CoAssets has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess CoAssets's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CoAssets has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CoAssets's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CoAssets's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CoAssets is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CoAssets has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CoAssets's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CoAssets Company Filings, last reported 4 months ago.

ASX:CA8 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 11.93 33.57 4.23
2019-03-31 11.93 33.57 4.23
2018-12-31 11.21 24.36 6.47
2018-09-30 11.21 24.36 6.47
2018-06-30 8.95 16.17 7.96
2018-03-31 8.95 16.17 7.96
2017-12-31 9.88 9.56 4.00
2017-09-30 9.88 9.56 4.00
2017-06-30 4.81 4.70 2.10
2017-03-31 4.81 4.70 2.10
2016-12-31 5.72 1.59 6.83
2016-09-30 5.72 1.59 6.83
2016-06-30 3.17 0.79 4.82
2015-06-30 0.92 0.00 0.70
2014-08-31 0.01 0.00 0.03
  • CoAssets's level of debt (281.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if CoAssets's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CoAssets's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CoAssets has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CoAssets's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CoAssets dividends.
If you bought A$2,000 of CoAssets shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CoAssets's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CoAssets's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CA8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CoAssets has not reported any payouts.
  • Unable to verify if CoAssets's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CoAssets's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CoAssets has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CoAssets's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CoAssets afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CoAssets has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CoAssets's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Getty Goh
COMPENSATION SGD119,790
TENURE AS CEO 4.7 years
CEO Bio

Mr. Te-Win Goh, also known as Getty, is a Co-Founder of CoAssets Limited and has been its Chief Executive Officer and Executive Director since March 18, 2015 and April 18, 2013 respectively. Mr. Goh has been the Chairman of CoAssets Limited since March 1, 2017. Mr. Goh holds both a Bachelor in Building Science and a Masters of Real Estate from National University of Singapore.

CEO Compensation
  • Getty's compensation has increased in line with CoAssets recently becoming profitable.
  • Getty's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the CoAssets management team in years:

4.7
Average Tenure
  • The tenure for the CoAssets management team is about average.
Management Team

Getty Goh

TITLE
Co-Founder
COMPENSATION
SGD120K
TENURE
4.7 yrs

Huan Kiat Seh

TITLE
CTO & Executive Director
COMPENSATION
SGD118K
TENURE
4.7 yrs

Hui Lim

TITLE
Assistant Director of Investor Relations

Swapna Keskar

TITLE
Company Secretary
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure of the CoAssets board of directors in years:

2.7
Average Tenure
  • The average tenure for the CoAssets board of directors is less than 3 years, this suggests a new board.
Board of Directors

Getty Goh

TITLE
Co-Founder
COMPENSATION
SGD120K
TENURE
2.7 yrs

Huan Kiat Seh

TITLE
CTO & Executive Director
COMPENSATION
SGD118K
TENURE
5.6 yrs

Jeffrey Chi

TITLE
Independent Non-Executive Director
COMPENSATION
SGD37K
AGE
51
TENURE
3.8 yrs

David Garry

TITLE
Independent Non-Executive Director
COMPENSATION
SGD37K
TENURE
2.7 yrs

Aaron Garry

TITLE
Independent Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. Jul 19 Sell Huan Kiat Seh Individual 01. Jul 19 01. Jul 19 -1,500,000 A$0.10 A$-149,999
03. Jul 19 Sell Te-Win Goh Individual 01. Jul 19 01. Jul 19 -3,000,000 A$0.10 A$-299,998
X
Management checks
We assess CoAssets's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CoAssets has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Owns Most CoAssets Limited (ASX:CA8) Stock?

Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased much of the company. … See our latest analysis for CoAssets ASX:CA8 Ownership Summary, August 8th 2019 What Does The Institutional Ownership Tell Us About CoAssets? … But other times, private equity is selling out, having taking the company public.

Simply Wall St -

CoAssets (ASX:CA8) Takes On Some Risk With Its Use Of Debt

This short term liquidity is a sign that CoAssets could probably pay off its debt with ease, as its balance sheet is far from stretched. … Since CoAssets does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

Those Who Purchased CoAssets (ASX:CA8) Shares A Year Ago Have A 56% Loss To Show For It

CoAssets Limited (ASX:CA8) shareholders should be happy to see the share price up 20% in the last month. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

What Kind Of Shareholder Owns Most CoAssets Limited (ASX:CA8) Stock?

The big shareholder groups in CoAssets Limited (ASX:CA8) have power over the company. … CoAssets is a smaller company with a market capitalization of AU$30m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Who Are The Major Shareholders In CoAssets Limited (ASX:CA8)?

In this article, I will take a quick look at CoAssets Limited’s (ASX:CA8) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Who Really Owns CoAssets Limited (ASX:CA8)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in CA8 should also look at another important group of investors: private companies, with a stake of 0.66%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership level and composition in CA8 is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

How Much Cash Is Left In The Bank For CoAssets Limited (ASX:CA8)?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … ASX:CA8 Income Statement May 19th 18 When will CoAssets need to raise more cash? … Although we haven’t accounted for all possible expenses for the company, on a high level, we believe the company doesn’t have an immediate cash problem based on this cash burn analysis.

Simply Wall St -

Is CoAssets Limited's (ASX:CA8) Balance Sheet A Threat To Its Future?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … As the purpose of this article is a high-level overview, I won’t be looking at this today, but you can take a look at some of CA8’s operating efficiency ratios such as ROA here. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: CA8’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Should You Be Content With CoAssets Limited's (ASX:CA8) Earnings Growth?

I look at the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For CoAssets, its most recent trailing-twelve-month earnings is -S$495.77K, which, in comparison to the previous year's figure, has become less negative. … ASX:CA8 Income Statement Mar 8th 18 We can further examine CoAssets's loss by looking at what the industry has been experiencing over the past few years.

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Should You Worry About CoAssets Limited (ASX:CA8) Cash Runway?

The measure of how fast CoAssets goes through its cash reserves over time is called the cash burn rate. … My cash burn analysis suggests that CoAssets has a cash runway of 3 years, given its current level of cash holdings. … The outcome of my analysis suggests that if the company maintains the rate of opex growth, it will run out of cash in the upcoming years.

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Company Info

Description

CoAssets Limited provides funds through crowdfunding or on-balance sheet borrowing and lending in Singapore and China. It also offers financial technology advisory services. CoAssets Limited was founded in 2013 and is based in Singapore.

Details
Name: CoAssets Limited
CA8
Exchange: ASX
Founded: 2013
A$13,425,305
206,543,168
Website: http://www.coassets.com
Address: CoAssets Limited
6 Shenton Way,
No. 36-01, OUE Downtown 1,
Singapore,
068809,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CA8 Ordinary Shares Australian Securities Exchange AU AUD 05. Sep 2016
Number of employees
Current staff
Staff numbers
0
CoAssets employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:42
End of day share price update: 2019/10/31 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.