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QuickFee

ASX:QFE
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QFE
ASX
A$59M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

QuickFee Limited operates as a financial technology company in Australia and the United States. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • QuickFee has significant price volatility in the past 3 months.
QFE Share Price and Events
7 Day Returns
-8.3%
ASX:QFE
-0.9%
AU Consumer Finance
-0.1%
AU Market
1 Year Returns
-
ASX:QFE
57.6%
AU Consumer Finance
16.5%
AU Market
QFE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QuickFee (QFE) -8.3% -6.1% 20.3% - - -
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
  • No trading data on QFE.
  • No trading data on QFE.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is QuickFee 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 QuickFee. This is due to cash flow or dividend data being unavailable. The share price is A$0.385.
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 QuickFee's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QuickFee's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:QFE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.43
ASX:QFE Share Price ** ASX (2019-11-19) in AUD A$0.39
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 QuickFee.

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

= ASX:QFE Share Price ÷ EPS (both in AUD)

= 0.39 ÷ -0.43

-0.9x

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

  • QuickFee is loss making, we can't compare its value to the AU Consumer Finance industry average.
  • QuickFee is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does QuickFee's expected growth come at a high price?
Raw Data
ASX:QFE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.9x
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 QuickFee, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on QuickFee's assets?
Raw Data
ASX:QFE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.17
ASX:QFE Share Price * ASX (2019-11-19) in AUD A$0.39
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:QFE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:QFE Share Price ÷ Book Value per Share (both in AUD)

= 0.39 ÷ 0.17

2.22x

* Primary Listing of QuickFee.

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

  • QuickFee is overvalued based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess QuickFee'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. QuickFee has a total score of 0/6, 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 QuickFee 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 QuickFee 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 QuickFee expected to grow at an attractive rate?
  • Unable to compare QuickFee's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare QuickFee's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare QuickFee's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:QFE 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:QFE 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 AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:QFE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 6 -7 -1
2018-06-30 4 -8 -1
2017-06-30 2 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if QuickFee is high growth as no earnings estimate data is available.
  • Unable to determine if QuickFee 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:QFE 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 QuickFee Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:QFE Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.43
2018-06-30 -0.31
2017-06-30

*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 QuickFee will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. QuickFee'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
  2. QuickFee's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess QuickFee'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.
QuickFee 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 QuickFee 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 QuickFee'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.
  • QuickFee does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare QuickFee's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare QuickFee's 1-year growth to the Oceania Consumer Finance industry average as it is not currently profitable.
Earnings and Revenue History
QuickFee'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 QuickFee Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:QFE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5.80 -1.15 4.57
2018-06-30 4.48 -0.84 3.51
2017-06-30 2.02 0.45 1.37

*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.
  • It is difficult to establish if QuickFee has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if QuickFee has efficiently used its assets last year compared to the AU Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if QuickFee improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess QuickFee'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.
QuickFee has a total score of 0/6, 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 QuickFee'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 QuickFee's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QuickFee is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • QuickFee's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of QuickFee'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 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 QuickFee Company Filings, last reported 4 months ago.

ASX:QFE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 0.47 31.79 2.78
2018-06-30 2.30 24.35 4.16
2017-06-30 1.95 11.24 0.68
  • QuickFee's level of debt (6702.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if QuickFee's debt level has increased without past 5-year debt data.
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.

  • QuickFee has less than a year of cash runway based on current free cash flow.
  • QuickFee has less than a year of cash runway if free cash flow continues to grow at historical rates of 59.7% each year.
X
Financial health checks
We assess QuickFee'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. QuickFee 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 QuickFee'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 QuickFee dividends.
If you bought A$2,000 of QuickFee 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 QuickFee's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate QuickFee'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:QFE 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 QuickFee has not reported any payouts.
  • Unable to verify if QuickFee's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of QuickFee's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as QuickFee 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 QuickFee'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 QuickFee afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QuickFee 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 QuickFee'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
Bruce Coombes
CEO Bio

Mr. Bruce Gordon Coombes is the Chief Executive Officer and Managing Director of QuickFee Pty Ltd. Mr. Coombes is the Chief Executive Officer & Managing Director of QuickFee Limited. He has been Director of QuickFee Limited since June 4, 2018. He has spent his entire career within or providing solutions to the accounting profession. Previously a partner in the accounting firm, Macquarie Partners (now part of Deloitte) he introduced outsourcing as a solution for Australian accounting firms. He is a founder of both QuickFee AU and QuickFee US. He started QuickFee AU 10 years ago and has overseen the growth of that the business to the point where it currently lends over $35m per annum and is profitable. He leads a team in the USA with the objective of replicating the success of the business model used in Australia in the much larger US market.

CEO Compensation
  • Insufficient data for Bruce to compare compensation growth.
  • Insufficient data for Bruce to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Bruce Coombes

TITLE
MD, CEO & Director

Peter Zarin

TITLE
Chief Financial Officer
TENURE
0.1 yrs

James Drummond

TITLE
Chief Operating Officer

Andreas Diwing

TITLE
Director of Marketing

Andrew Gardner

TITLE
VP of Business Development

Richard Formoe

TITLE
Chief Revenue Officer

Phillip Hains

TITLE
Company Secretary

Jennifer James

TITLE
Joint Company Secretary
TENURE
0.3 yrs
Board of Directors

Barry Lewin

TITLE
Non-Executive Chairman
AGE
61

Bruce Coombes

TITLE
MD, CEO & Director
TENURE
1.4 yrs

Dale Smorgon

TITLE
Non-Executive Director
TENURE
1.8 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$) Value (A$)
09. Sep 19 Buy TIGA Trading Pty Ltd, Asset Management Arm Company 16. Jul 19 05. Sep 19 2,899,250 A$0.42 A$1,066,870
09. Sep 19 Buy Thorney Technologies Ltd Company 16. Jul 19 05. Sep 19 2,890,750 A$0.42 A$1,057,932
06. Sep 19 Sell Wingate Direct Investments Pty. Ltd. Company 05. Sep 19 05. Sep 19 -1,000,000 A$0.40 A$-400,000
X
Management checks
We assess QuickFee'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. QuickFee 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

Company Info

Description

QuickFee Limited operates as a financial technology company in Australia and the United States. The company develops QuickFee platform that allows professional firms to accept monthly payment plans where clients obtain finance online from the company to facilitate invoice payments to the firm in full. It also provides payment gateway services for accounting and law firms. The company was founded in 2009 and is based in Baulkham Hills, Australia.

Details
Name: QuickFee Limited
QFE
Exchange: ASX
Founded: 2009
A$58,712,675
152,500,457
Website: http://www.quickfee.com
Address: QuickFee Limited
10 Century Circuit,
Suite 4.05,
Baulkham Hills,
New South Wales, 2153,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX QFE Ordinary Shares Australian Securities Exchange AU AUD 11. Jul 2019
OTCPK QFEE.F Ordinary Shares Pink Sheets LLC US USD 11. Jul 2019
CHIA QFE Ordinary Shares Chi-X Australia AU AUD 11. Jul 2019
Number of employees
Current staff
Staff numbers
0
QuickFee employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:50
End of day share price update: 2019/11/19 00:00
Last earnings filing: 2019/09/26
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.