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ITEX

OTCPK:ITEX
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ITEX
OTCPK
$7M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

ITEX Corporation operates a marketplace in which products and services are exchanged by marketplace members without exchanging cash in the United States. The last earnings update was 783 days ago. More info.


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ITEX Share Price and Events
7 Day Returns
0%
OTCPK:ITEX
0.2%
US Commercial Services
0.7%
US Market
1 Year Returns
-4.6%
OTCPK:ITEX
23.3%
US Commercial Services
18.2%
US Market
ITEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ITEX (ITEX) 0% 1.7% -2.6% -4.6% 18.6% 45.6%
US Commercial Services 0.2% 0.9% 3.6% 23.3% 46.1% 84.6%
US Market 0.7% 1.5% 5% 18.2% 35.8% 52.7%
1 Year Return vs Industry and Market
  • ITEX underperformed the Commercial Services industry which returned 23.3% over the past year.
  • ITEX underperformed the Market in United States of America which returned 18.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

ITEX Value

 Is ITEX 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
Here we compare the current share price of ITEX to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ITEX.

OTCPK:ITEX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2017-07-31) in USD $ .200000
Payout Ratio Company Filings (2017-07-31) 5853.7%
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ITEX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.667 (1 + (1- 21%) (0%))
0.797
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for OTCPK:ITEX using Dividend Discount Model Model

The calculations below outline how an intrinsic value for ITEX is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OTCPK:ITEX Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.2 / (6.09% - 1.74%)
$4.6
OTCPK:ITEX Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.60
Current discount Discount to share price of $4.15
= -1 x ($4.15 - $4.60) / $4.60
9.7%

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

Current Discount
Amount off the current price ITEX is available for.
Intrinsic value
10%
Share price is $4.15 vs Future cash flow value of $4.6
Current Discount Checks
For ITEX to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ITEX's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • ITEX's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 ITEX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ITEX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ITEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-07-31) in USD Not available
OTCPK:ITEX Share Price ** OTCPK (2019-11-27) in USD $4.15
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 26.44x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.5x

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

** Primary Listing of ITEX.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for ITEX, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does ITEX's expected growth come at a high price?
Raw Data
OTCPK:ITEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.79x
United States of America Market PEG Ratio Median Figure of 2,046 Publicly-Listed Companies 1.48x

*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 ITEX, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ITEX's assets?
Raw Data
OTCPK:ITEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-07-31) in USD Not available
OTCPK:ITEX Share Price * OTCPK (2019-11-27) in USD $4.15
United States of America Commercial Services Industry PB Ratio Median Figure of 88 Publicly-Listed Commercial Services Companies 2x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.78x

* Primary Listing of ITEX.

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

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess ITEX'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. ITEX 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.

ITEX Future Performance

 How is ITEX 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 ITEX 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
18.9%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ITEX expected to grow at an attractive rate?
  • Unable to compare ITEX's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ITEX's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare ITEX's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ITEX Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:ITEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 years ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ITEX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-07-31 10 1 1
2017-04-30 10 1 -2
2017-01-31 11 1 -2
2016-10-31 11 2 -2
2016-07-31 11 2 -2
2016-04-30 11 2 1
2016-01-31 11 2 1
2015-10-31 12 1 1
2015-07-31 12 2 1
2015-04-30 12 1 1
2015-01-31 13 1 1
2014-10-31 13 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ITEX is high growth as no earnings estimate data is available.
  • Unable to determine if ITEX 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
OTCPK:ITEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 years ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ITEX Company Filings, last reported 2 years ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ITEX Past Financials Data
Date (Data in USD Millions) EPS *
2017-07-31 0.31
2017-04-30 -0.84
2017-01-31 -0.80
2016-10-31 -0.79
2016-07-31 -0.79
2016-04-30 0.42
2016-01-31 0.38
2015-10-31 0.31
2015-07-31 0.29
2015-04-30 0.25
2015-01-31 0.22
2014-10-31 0.24

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

Next steps:

  1. Examine ITEX's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. ITEX'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 Commercial Services companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access ITEX's filings and announcements 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 ITEX'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
ITEX 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.

ITEX Past Performance

  How has ITEX performed over the past 5 years?

  • ITEX's last earnings update was 783 days ago.
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 ITEX's growth in the last year to its industry (Commercial 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.
  • Insufficient past earnings data to establish if ITEX's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ITEX's 1-year growth to the 5-year average as past earnings data has not been reported.
  • Unable to compare ITEX's 1-year growth to the US Commercial Services industry average as past earnings data has not been reported.
Earnings and Revenue History
ITEX'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 ITEX Company Filings, last reported 2 years ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ITEX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-07-31 10.21 0.60 1.07
2017-04-30 10.42 -1.64 1.07
2017-01-31 10.68 -1.56 1.03
2016-10-31 10.86 -1.54 1.09
2016-07-31 11.11 -1.52 1.14
2016-04-30 11.30 0.81 1.24
2016-01-31 11.46 0.78 1.35
2015-10-31 11.71 0.69 1.60
2015-07-31 12.02 0.69 1.71
2015-04-30 12.34 0.65 1.92
2015-01-31 12.78 0.59 2.09
2014-10-31 13.23 0.64 2.05
2014-07-31 13.54 0.66 2.03
2014-04-30 14.02 0.70 1.99
2014-01-31 14.28 0.80 1.85
2013-10-31 14.54 1.00 1.70
2013-07-31 14.83 1.07 1.67
2013-04-30 14.95 1.02 1.75
2013-01-31 15.26 0.99 1.84

*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.
  • Unable to establish if ITEX has efficiently used shareholders’ funds last year as no Return on Equity data is available.
  • Unable to establish if ITEX has efficiently used its assets last year compared to the US Commercial Services industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if ITEX improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess ITEX'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 Commercial 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.
ITEX 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.

ITEX Health

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

In this section we usually analyse ITEX's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. ITEX has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.

Show me the analysis anyway

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 ITEX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as ITEX has not reported sufficient balance sheet data.
  • Unable to establish if ITEX's long term commitments exceed its cash and other short term assets as ITEX has not reported sufficient balance sheet data.
Balance sheet
This treemap shows a more detailed breakdown of ITEX'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.
  • Unable to establish if ITEX has a high level of physical assets or inventory without balance sheet data.
  • ITEX has no debt, it does not need to be covered by short term assets.
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 ITEX Company Filings, last reported 2 years ago.

OTCPK:ITEX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-07-31 7.71 0.00 4.26
2017-04-30 7.81 0.00 3.83
2017-01-31 7.70 0.00 3.66
2016-10-31 7.73 0.00 3.66
2016-07-31 7.58 0.00 3.24
2016-04-30 9.90 0.00 2.70
2016-01-31 9.69 0.00 2.44
2015-10-31 9.58 0.00 2.47
2015-07-31 9.37 0.00 2.05
2015-04-30 9.24 0.00 1.29
2015-01-31 12.09 0.00 4.02
2014-10-31 11.98 0.00 4.10
2014-07-31 11.93 0.00 3.67
2014-04-30 11.83 0.01 3.27
2014-01-31 11.99 0.01 3.39
2013-10-31 11.87 0.01 3.63
2013-07-31 11.77 0.01 3.35
2013-04-30 11.63 0.01 2.69
2013-01-31 11.46 0.01 2.46
  • ITEX has no debt.
  • ITEX currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • ITEX has no debt, it does not need to be covered by operating cash flow.
  • ITEX has no debt, therefore coverage of interest payments is not a concern.

Next steps:

  1. ITEX is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
  2. Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  3. Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when ITEX's financial data was last updated here.
  4. Companies with strong financial health are considered a less risky investment. Discover these stocks here.
  5. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Financial health checks
We assess ITEX'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. ITEX has a total score of 4/6, 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.

ITEX Dividends

 What is ITEX'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
4.82%
Current annual income from ITEX dividends.
If you bought $2,000 of ITEX shares you are expected to receive $96 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?
  • ITEX's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • ITEX's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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
OTCPK:ITEX 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
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1960 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:ITEX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-04-07 0.200 5.217
2016-08-18 0.200 5.284
2016-04-08 0.200 5.523
2016-03-10 0.200 5.664
2015-12-11 0.200 6.255
2015-10-13 0.200 6.159
2015-02-13 0.200 6.159
2014-11-21 0.200 6.822
2014-08-18 0.200 6.421
2014-05-06 0.200 5.447
2014-03-03 0.200 4.564
2013-11-18 0.200 4.940
2013-09-03 0.200 5.141
2013-06-05 0.200 5.332
2013-02-28 0.200 5.349
2012-11-30 0.160 4.649
2012-08-22 0.160 4.557
2012-06-04 0.160 4.226
2012-03-02 0.160 4.086
2011-12-01 0.160 4.759
2011-09-07 0.160 4.686
2011-06-01 0.160 4.015
2011-03-02 0.160 3.719
2010-11-15 0.160 3.562
2010-08-12 0.100 2.047
2010-05-12 0.100 2.200

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ITEX's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ITEX 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 ITEX's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 ITEX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ITEX has a total score of 4/6, see the detailed checks below.


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

ITEX Management

 What is the CEO of ITEX'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
Steven White
COMPENSATION $356,600
AGE 61
TENURE AS CEO 16.5 years
CEO Bio

Mr. Steven M. White has been the Chairman of The Board and Chief Executive Officer at ITEX Corp., since February 5, 2003 and June 2003 respectively. Mr. White served as an Interim Chief Financial Officer of ITEX Corp. since June 2003 and its President since January 9, 2006. Mr. White served as the President of Lakemont Capital, Ltd. From June 2000 to June 2001, he served as the Senior Vice President of Network Commerce, a publicly traded Internet-based technology infrastructure and services company. Mr. White managed the sale of the Ubarter.com division to ITEX in two transactions in early 2001. From September 1996 to 2000, he served as the Chief Executive Officer and President of Ubarter.com. Mr. White directed the sale of Ubarter.com to Network Commerce in June 2000. From 1983 to 1996, he was founder and served as Chief Executive Officer of Cascade Trade Association and served as its President from July 1983 to November 1996. He has over nineteen years experience in sales and management, including over fifteen years affiliated with companies involved in the barter business. Mr. White served as the Chairman of the Board of Directors of the National Association of Trade Exchanges, a Technology Committee founder from 1999 to 2000 and as its President from 1998 to 1999. He served as Chairman of Ubarter.com USA. He has been a Director of ITEX Corp. since February 5, 2003. Mr. White served as a Director of Ubarter.com USA.

CEO Compensation
  • No earnings data for ITEX, not possible to compare to compensation.
  • Insufficient data for Steven to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Steven White

TITLE
Chairman of the Board & CEO
COMPENSATION
$357K
AGE
61
TENURE
16.5 yrs

John Wade

TITLE
CFO, Treasurer
COMPENSATION
$107K
AGE
56
TENURE
6.9 yrs

Rob Benson

TITLE
Vice President of Operations
Board of Directors Tenure

Average tenure and age of the ITEX board of directors in years:

16.8
Average Tenure
56
Average Age
  • The average tenure for the ITEX board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steven White

TITLE
Chairman of the Board & CEO
COMPENSATION
$357K
AGE
61
TENURE
16.8 yrs

John Wade

TITLE
CFO, Treasurer
COMPENSATION
$107K
AGE
56
TENURE
16.8 yrs

Eric Best

TITLE
Director
COMPENSATION
$19K
AGE
48
TENURE
16.8 yrs

Tim Morones

TITLE
Director
COMPENSATION
$19K
AGE
54
TENURE
7.1 yrs

Kevin Callan

TITLE
Director
COMPENSATION
$19K
AGE
63
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ITEX'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. ITEX 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.

ITEX News

Simply Wall St News

ITEX Company Info

Description

ITEX Corporation operates a marketplace in which products and services are exchanged by marketplace members without exchanging cash in the United States. The company’s marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of United States dollars. It also administers the marketplace, as well as provides record-keeping and payment transaction processing services. In addition, the company services its member businesses through its independent licensed brokers and franchise network. ITEX Corporation was founded in 1982 and is headquartered in Bellevue, Washington.

Details
Name: ITEX Corporation
ITEX
Exchange: OTCPK
Founded: 1982
$6,978,507
1,681,568
Website: http://www.itex.com
Address: ITEX Corporation
15900 SE Eastgate Way,
Suite 100,
Bellevue,
Washington, 98008,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ITEX Common Stock Pink Sheets LLC US USD 15. Jul 1992
Number of employees
Current staff
Staff numbers
0
ITEX employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 23:41
End of day share price update: 2019/11/27 00:00
Last earnings filing: 2017/10/18
Last earnings reported: 2017/07/31
Last annual earnings reported: 2017/07/31


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.