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MGM Wireless

ASX:MWR
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MWR
ASX
A$47M
Market Cap
  1. Home
  2. AU
  3. Media
Company description

MGM Wireless Limited designs, develops, and commercializes smartphone + watch wearables devices for children, and software for school communication and student absence management in Australia, New Zealand, the United Kingdom, and the United States. The last earnings update was 50 days ago. More info.


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  • MGM Wireless has significant price volatility in the past 3 months.
MWR Share Price and Events
7 Day Returns
3.7%
ASX:MWR
1.8%
AU Interactive Media and Services
-0.1%
AU Market
1 Year Returns
-31.9%
ASX:MWR
38.2%
AU Interactive Media and Services
16.5%
AU Market
MWR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MGM Wireless (MWR) 3.7% -7.5% -15.5% -31.9% 344% 214.2%
AU Interactive Media and Services 1.8% -3.9% 2.5% 38.2% 76.9% 102.9%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • MWR underperformed the Interactive Media and Services industry which returned 38.2% over the past year.
  • MWR underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
MWR
Industry
5yr Volatility vs Market

Value

 Is MGM Wireless 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 MGM Wireless. This is due to cash flow or dividend data being unavailable. The share price is A$3.33.
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 MGM Wireless's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MGM Wireless's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MWR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.39
ASX:MWR Share Price ** ASX (2019-11-18) in AUD A$3.33
Global Interactive Media and Services Industry PE Ratio Median Figure of 118 Publicly-Listed Interactive Media and Services Companies 29.44x
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 MGM Wireless.

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

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

= 3.33 ÷ -0.39

-8.58x

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

  • MGM Wireless is loss making, we can't compare its value to the Global Interactive Media and Services industry average.
  • MGM Wireless is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does MGM Wireless's expected growth come at a high price?
Raw Data
ASX:MWR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Interactive Media and Services Industry PEG Ratio Median Figure of 74 Publicly-Listed Interactive Media and Services Companies 1.49x
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 MGM Wireless, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MGM Wireless's assets?
Raw Data
ASX:MWR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.38
ASX:MWR Share Price * ASX (2019-11-18) in AUD A$3.33
Australia Interactive Media and Services Industry PB Ratio Median Figure of 20 Publicly-Listed Interactive Media and Services Companies 7.33x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:MWR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.33 ÷ 0.38

8.67x

* Primary Listing of MGM Wireless.

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

  • MGM Wireless is overvalued based on assets compared to the AU Interactive Media and Services industry average.
X
Value checks
We assess MGM Wireless'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 Interactive Media and Services 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. MGM Wireless 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 MGM Wireless 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 MGM Wireless 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
28.8%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MGM Wireless expected to grow at an attractive rate?
  • Unable to compare MGM Wireless's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MGM Wireless's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare MGM Wireless's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MWR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 28.8%
Australia Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
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:MWR 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:MWR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 7 -1 -5
2019-03-31 6 0 -5
2018-12-31 5 0 -4
2018-09-30 4 1 -3
2018-06-30 3 1 -1
2018-03-31 3 2 -1
2017-12-31 3 2 -1
2017-09-30 3 2 -1
2017-06-30 3 2 -1
2017-03-31 3 2 0
2016-12-31 3 2 1
2016-09-30 3 2 1

*GAAP earnings excluding extraordinary items.

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

ASX:MWR Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.39
2019-03-31 -0.40
2018-12-31 -0.41
2018-09-30 -0.27
2018-06-30 -0.12
2018-03-31 -0.10
2017-12-31 -0.08
2017-09-30 -0.07
2017-06-30 -0.06
2017-03-31 0.00
2016-12-31 0.06
2016-09-30 0.06

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

Next steps:

  1. Take a look at our analysis of MWR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. MGM Wireless'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 Media companies here
  3. MGM Wireless'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 MGM Wireless'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.
MGM Wireless 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 MGM Wireless 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 MGM Wireless's growth in the last year to its industry (Interactive Media and Services).
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.
  • MGM Wireless does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MGM Wireless's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MGM Wireless's 1-year growth to the Global Interactive Media and Services industry average as it is not currently profitable.
Earnings and Revenue History
MGM Wireless'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 MGM Wireless Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MWR 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 7.14 -4.69 7.35
2019-03-31 6.19 -4.55 6.92
2018-12-31 5.24 -4.42 6.49
2018-09-30 3.99 -2.77 4.10
2018-06-30 2.74 -1.13 1.71
2018-03-31 2.66 -0.93 1.53
2017-12-31 2.57 -0.73 1.35
2017-09-30 2.60 -0.63 1.23
2017-06-30 2.63 -0.53 1.12
2017-03-31 2.65 0.00 0.69
2016-12-31 2.68 0.53 0.25
2016-09-30 2.63 0.52 0.43
2016-06-30 2.58 0.50 0.60
2016-03-31 2.53 0.55 0.65
2015-12-31 2.49 0.59 0.69
2015-09-30 2.82 0.81 0.67
2015-06-30 3.16 1.04 0.66
2015-03-31 3.50 1.13 0.54
2014-12-31 3.85 1.23 0.42
2014-09-30 3.56 0.97 0.43
2014-06-30 3.27 0.72 0.45
2014-03-31 3.21 0.63 0.39
2013-12-31 3.16 0.54 0.33
2013-09-30 3.09 0.60 0.29
2013-06-30 3.02 0.66 0.26
2013-03-31 2.92 0.64 0.47
2012-12-31 2.81 0.61 0.67

*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 MGM Wireless has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MGM Wireless has efficiently used its assets last year compared to the Global Interactive Media and Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MGM Wireless 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 MGM Wireless'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 Interactive Media and Services 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.
MGM Wireless 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 MGM Wireless'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 MGM Wireless's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MGM Wireless is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MGM Wireless's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MGM Wireless'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 3.8x 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 MGM Wireless Company Filings, last reported 4 months ago.

ASX:MWR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4.80 1.25 1.64
2019-03-31 4.80 1.25 1.64
2018-12-31 5.85 0.50 2.40
2018-09-30 5.85 0.50 2.40
2018-06-30 5.66 0.00 2.65
2018-03-31 5.66 0.00 2.65
2017-12-31 4.52 0.00 1.41
2017-09-30 4.52 0.00 1.41
2017-06-30 4.00 0.00 1.11
2017-03-31 4.00 0.00 1.11
2016-12-31 4.77 0.08 1.60
2016-09-30 4.77 0.08 1.60
2016-06-30 4.65 0.12 1.41
2016-03-31 4.65 0.12 1.41
2015-12-31 4.30 0.15 1.62
2015-09-30 4.30 0.15 1.62
2015-06-30 4.09 0.15 1.53
2015-03-31 4.09 0.15 1.53
2014-12-31 3.70 0.20 1.61
2014-09-30 3.70 0.20 1.61
2014-06-30 3.06 0.20 1.08
2014-03-31 3.06 0.20 1.08
2013-12-31 2.49 0.20 1.01
2013-09-30 2.49 0.20 1.01
2013-06-30 2.16 0.20 0.53
2013-03-31 2.16 0.20 0.53
2012-12-31 1.59 0.30 0.44
  • MGM Wireless's level of debt (26%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.5% vs 26% today).
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.

  • MGM Wireless has less than a year of cash runway based on current free cash flow.
  • MGM Wireless has less than a year of cash runway if free cash flow continues to grow at historical rates of 118.6% each year.
X
Financial health checks
We assess MGM Wireless'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. MGM Wireless has a total score of 3/6, 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 MGM Wireless'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 MGM Wireless dividends.
If you bought A$2,000 of MGM Wireless 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 MGM Wireless's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MGM Wireless'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:MWR 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
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 0.5%
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.

ASX:MWR Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-02-27 0.000 0.000
2017-09-29 0.000 0.000
2017-09-06 0.000 0.000
2016-08-31 0.013 2.312
2015-09-30 0.013 1.406
2015-08-31 0.013 1.056
2014-10-02 0.011 0.836
2014-08-29 0.011 0.919
2013-09-30 0.010 0.788
2013-08-27 0.010 0.764

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

  • Unable to perform a dividend volatility check as MGM Wireless has not reported any payouts.
  • Unable to verify if MGM Wireless's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MGM Wireless's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MGM Wireless 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 MGM Wireless'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 MGM Wireless afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MGM Wireless 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 MGM Wireless'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
Mark Fortunatow
COMPENSATION A$900,017
CEO Bio

Mr. Mark Fortunatow, B.Sc.(Ma.Sc.), B.Ec. Co-founded MGM Wireless Limited in 2001 and serves as its Executive Chairman and Chief Executive Officer. Mr. Fortunatow is a founder and serves as the Chief Executive Officer of MGM Wireless Holdings Pty, Ltd. He serves as the Chief Executive Officer of Netline Technologies International. He served as Secretary of MGM Wireless Limited from October 14, 2011 to June 19, 2012. He has more than 14 years of senior executive management experience in marketing, engineering, information systems, finance and customer support. Mr. Fortunatow previously founded three successful technology-based enterprises, Linx Computer Systems, Timekeeping Australia and Netline Technologies, accumulating substantial practical experience in the many disciplines required to successfully launch and sustainably grow a successful technology enterprise. His international experience includes establishing distribution networks in more than 15 countries, as well as successfully executing several strategi relationships and alliances, joint ventures and acquisitions. He serves as the Chairman of MGM Wireless Limited. He has been a Director of MGM Wireless Limited since October 3, 2003. Mr. Fortunatow is on the Board of Directors of the Asthma Foundation of South Australia Incorporated. He holds a degree of Bachelor of Science and Bachelor of Economics from Adelaide University.

CEO Compensation
  • Mark's compensation has increased whilst company is loss making.
  • Mark's remuneration is higher than average for companies of similar size in Australia.
Management Team

Mark Fortunatow

TITLE
Co-Founder
COMPENSATION
A$900K

Justin Nelson

TITLE
Company Secretary
COMPENSATION
A$1K
TENURE
7.4 yrs

Tara Lewis-Christie

TITLE
Consultant
COMPENSATION
A$202K
TENURE
2.4 yrs
Board of Directors

Mark Fortunatow

TITLE
Co-Founder
COMPENSATION
A$900K

Leila Henderson

TITLE
Non-Executive Director
COMPENSATION
A$49K
TENURE
5.3 yrs

Glen Butler

TITLE
Non-Executive Director
COMPENSATION
A$91K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Aug 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 01. Jul 19 15. Aug 19 -643,294 A$4.29 A$-2,704,571
20. Aug 19 Buy Credit Suisse, Investment Banking and Securities Investments Company 26. Jun 19 15. Aug 19 127,164 A$4.36 A$412,259
01. Jul 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 01. Mar 19 21. Jun 19 -90,395 A$3.70 A$-334,023
01. Jul 19 Buy Credit Suisse, Investment Banking and Securities Investments Company 26. Feb 19 25. Jun 19 611,076 A$3.36 A$2,052,301
X
Management checks
We assess MGM Wireless'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. MGM Wireless 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

Is MGM Wireless Limited's (ASX:MWR) CEO Overpaid Relative To Its Peers?

View our latest analysis for MGM Wireless How Does Mark Fortunatow's Compensation Compare With Similar Sized Companies? … It would therefore appear that MGM Wireless Limited pays Mark Fortunatow more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount MGM Wireless Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Did MGM Wireless Limited (ASX:MWR) Insiders Sell Shares?

ASX:MWR Recent Insider Trading, July 11th 2019 Does MGM Wireless Boast High Insider Ownership? … A high insider ownership often makes company leadership more mindful of shareholder interests. … Along with insider transactions, I recommend checking if MGM Wireless is growing revenue.

Simply Wall St -

Do Institutions Own MGM Wireless Limited (ASX:MWR) Shares?

We can see that MGM Wireless does have institutional investors; and they hold 6.1% of the stock. … Insider Ownership Of MGM Wireless The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership We can see that Private Companies own 9.6%, of the shares on issue.

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What Did MGM Wireless Limited's (ASX:MWR) CEO Take Home Last Year?

The CEO of MGM Wireless Limited (ASX:MWR) is Mark Fortunatow. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mark Fortunatow's Compensation Compare With Similar Sized Companies?

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The MGM Wireless (ASX:MWR) Share Price Has Gained 261%, So Why Not Pay It Some Attention?

MGM Wireless Limited (ASX:MWR) shareholders might be concerned after seeing the share price drop 14% in the last quarter. … In fact, the share price is up a full 261% compared to three years ago. … MGM Wireless isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing.

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Have Insiders Been Selling MGM Wireless Limited (ASX:MWR) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell MGM Wireless Limited (ASX:MWR), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Is MGM Wireless Limited's (ASX:MWR) Balance Sheet Strong Enough To Weather A Storm?

The direct benefit for MGM Wireless Limited (ASX:MWR), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is MWR growing fast enough to value financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

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How Much Of MGM Wireless Limited (ASX:MWR) Do Insiders Own?

If you want to know who really controls MGM Wireless Limited (ASX:MWR), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … MGM Wireless is a smaller company with a market capitalization of AU$46m, so it may still be flying under the radar of many institutional investors.

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MGM Wireless Limited (ASX:MWR): Risks You Need To Consider Before Buying

Generally, an investor should consider two types of risk that impact the market value of MWR. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.

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Megatrends Impacting Tech Stock MGM Wireless Limited (ASX:MWR)

Below, I will examine the sector growth prospects, and also determine whether MWR is a laggard or leader relative to its tech sector peers. … If your initial investment thesis is around the growth prospects of MWR, there are other tech companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its tech peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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Company Info

Description

MGM Wireless Limited designs, develops, and commercializes smartphone + watch wearables devices for children, and software for school communication and student absence management in Australia, New Zealand, the United Kingdom, and the United States. The company operates through School Messaging Services, Smart Watches and Apps, and Other segments. It offers Outreach+, a content management and messaging platform for mobile school communications; School Star, a school news and messaging app; and MessageYou, a student absence notification. The company also provides WatchLists, an absence analytics software; and RollMarker, a student attendance management solution. In addition, it supplies Spacetalk smartwatches and applications through retail distribution networks and online sales. MGM Wireless Limited is headquartered in Rose Park, Australia.

Details
Name: MGM Wireless Limited
MWR
Exchange: ASX
Founded:
A$46,991,771
14,154,148
Website: http://www.mgmwireless.com
Address: MGM Wireless Limited
The Parks,
Suite 13,
Rose Park,
South Australia, 5067,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MWR Ordinary Shares Australian Securities Exchange AU AUD 13. Oct 2003
DB EZY Ordinary Shares Deutsche Boerse AG DE EUR 13. Oct 2003
CHIA MWR Ordinary Shares Chi-X Australia AU AUD 13. Oct 2003
ASX MWRDC NPV DFD 11/12/19(EX-SPLT) Australian Securities Exchange AU AUD 19. Nov 2019
Number of employees
Current staff
Staff numbers
0
MGM Wireless employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:31
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/09/30
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.