Netfin Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, and reorganization or similar business combination with one or more businesses.
The last earnings update was 18 days ago.
Discounted Cash Flow Calculation for NasdaqCM:NFIN.U using Excess Returns Model Model
The calculations below outline how an intrinsic value for Netfin Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
is considered below, and whether this is a fair price.
Price based on past earnings
Netfin Acquisition's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Netfin Acquisition 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
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
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Netfin Acquisition's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Netfin Acquisition's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Netfin Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Netfin Acquisition is high growth as no earnings estimate data is available.
Unable to determine if Netfin Acquisition 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.
Netfin Acquisition's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Netfin Acquisition's finances.
The net worth of a company is the difference between its assets and liabilities.
Netfin Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Netfin Acquisition's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Netfin Acquisition'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Netfin Acquisition has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Richard M. Maurer, known as Rick is a Co-Founded Exxova Worldwide Corporation and serves as its Chairman. Mr. Maurer serves as Secretary of Women's Golf Unlimited, Inc. since January 1996. For more than 30 years, Mr. Maurer has led the growth of successful businesses. He holds broad expertise across formulating and executing market-focused acquisitive and organic growth strategies; integrating business through joint ventures, alliances and acquisitions; and, executive, financial and operational management of complex businesses. Mr. Maurer co-founded, led the strategic direction and served as Co-Managing Partner of WESMAR Partners, and provided his co-founding financial partner an annual IRR that was substantially above the 30% targeted at WESMAR's formation. He is the Chief Executive Officer of Netfin Acquisition Corp. from April 2019 and serves as its Director. From 1978 to 1985, he a Partner with, and employee of, The Hillman Company. He began his career as a Certified Public Accountant with Price Waterhouse. He also serves as a Director of Women's Golf Unlimited Inc. since 1988. He serves as member of Board of Directors of a number of companies: the Association for Corporate Growth; Oakmont Country Club; and, The Duquesne Club. Mr. Maurer holds a Bachelor of Science degree in Business Management from Point Park University and a Masters of Business Administration degree from The Joseph M. Katz Graduate School of Business at The University of Pittsburgh.
Insufficient data for Rick to compare compensation growth.
Insufficient data for Rick to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Netfin Acquisition management team is less than 2 years, this suggests a new team.
CEO & Director
President & Director
CFO & Company Secretary
Board of Directors
Independent Chairman of the Board
CEO & Director
President & Director
Will O’ Brien
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Netfin Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, and reorganization or similar business combination with one or more businesses. It intends to focus its search on financial technology, technology, financial services, including commercial, online, and mobile banking and payments; trade finance; and telecommunications. The company was founded in 2019 and is based in New York, New York.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.