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MAM Software Group

Nasdaq:MAMS
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAMS
Nasdaq
$153M
Market Cap
  1. Home
  2. US
  3. Software
Company description

MAM Software Group, Inc., through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The last earnings update was 21 days ago. More info.


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MAMS Share Price and Events
7 Day Returns
0.2%
NasdaqCM:MAMS
-3.1%
US Software
0.5%
US Market
1 Year Returns
66.9%
NasdaqCM:MAMS
19.9%
US Software
6.8%
US Market
MAMS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MAM Software Group (MAMS) 0.2% 0.6% 12.2% 66.9% 97.7% 136.7%
US Software -3.1% -3.1% -6.6% 19.9% 103.5% 144.3%
US Market 0.5% -0.8% -0.9% 6.8% 36.2% 45.4%
1 Year Return vs Industry and Market
  • MAMS outperformed the Software industry which returned 19.9% over the past year.
  • MAMS outperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
MAMS
Industry
5yr Volatility vs Market

Value

 Is MAM Software Group 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 MAM Software Group 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 MAM Software Group.

NasdaqCM:MAMS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqCM:MAMS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 21%) (2.99%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.091 * 5.96%)
9.23%

Discounted Cash Flow Calculation for NasdaqCM:MAMS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MAM Software Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:MAMS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.23%)
2020 6.32 Analyst x1 5.78
2021 6.86 Est @ 8.66% 5.75
2022 7.33 Est @ 6.88% 5.63
2023 7.75 Est @ 5.64% 5.44
2024 8.12 Est @ 4.76% 5.22
2025 8.45 Est @ 4.15% 4.98
2026 8.77 Est @ 3.73% 4.73
2027 9.07 Est @ 3.43% 4.47
2028 9.36 Est @ 3.22% 4.23
2029 9.65 Est @ 3.07% 3.99
Present value of next 10 years cash flows $50.00
NasdaqCM:MAMS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $9.65 × (1 + 2.73%) ÷ (9.23% – 2.73%)
$152.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $152.44 ÷ (1 + 9.23%)10
$63.03
NasdaqCM:MAMS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $50.00 + $63.03
$113.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $113.03 / 12.62
$8.95
NasdaqCM:MAMS Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.95
Current discount Discount to share price of $12.12
= -1 x ($12.12 - $8.95) / $8.95
-35.4%

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

  • The current share price of MAM Software Group is above its future cash flow value.
Often investors are willing to pay a premium 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 MAM Software Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MAM Software Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MAMS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.31
NasdaqCM:MAMS Share Price ** NasdaqCM (2019-10-18) in USD $12.12
United States of America Software Industry PE Ratio Median Figure of 80 Publicly-Listed Software Companies 46.78x
United States of America Market PE Ratio Median Figure of 3,079 Publicly-Listed Companies 17.65x

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

** Primary Listing of MAM Software Group.

NasdaqCM:MAMS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MAMS Share Price ÷ EPS (both in USD)

= 12.12 ÷ 0.31

39.66x

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

  • MAM Software Group is good value based on earnings compared to the US Software industry average.
  • MAM Software Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does MAM Software Group's expected growth come at a high price?
Raw Data
NasdaqCM:MAMS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Software Industry PEG Ratio Median Figure of 67 Publicly-Listed Software Companies 2.65x
United States of America Market PEG Ratio Median Figure of 2,129 Publicly-Listed Companies 1.49x

*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 MAM Software Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MAM Software Group's assets?
Raw Data
NasdaqCM:MAMS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.39
NasdaqCM:MAMS Share Price * NasdaqCM (2019-10-18) in USD $12.12
United States of America Software Industry PB Ratio Median Figure of 234 Publicly-Listed Software Companies 5.29x
United States of America Market PB Ratio Median Figure of 5,273 Publicly-Listed Companies 1.74x
NasdaqCM:MAMS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MAMS Share Price ÷ Book Value per Share (both in USD)

= 12.12 ÷ 1.39

8.72x

* Primary Listing of MAM Software Group.

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

  • MAM Software Group is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess MAM Software Group'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. MAM Software Group has a total score of 1/6, 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 MAM Software Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
14.9%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MAM Software Group expected to grow at an attractive rate?
  • Unable to compare MAM Software Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MAM Software Group's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare MAM Software Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MAMS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 14.9%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NasdaqCM:MAMS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MAMS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 41 4 1
2019-10-21
NasdaqCM:MAMS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 38 5 4
2019-03-31 37 5 4
2018-12-31 37 5 4
2018-09-30 36 5 3
2018-06-30 36 7 3
2018-03-31 35 7 5
2017-12-31 33 6 4
2017-09-30 32 6 4
2017-06-30 32 6 5
2017-03-31 32 4 4
2016-12-31 32 5 3
2016-09-30 32 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MAM Software Group is high growth as no earnings estimate data is available.
  • Unable to determine if MAM Software Group 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
NasdaqCM:MAMS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from MAM Software Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MAMS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.31 0.31 0.31 1.00
2019-10-21
NasdaqCM:MAMS Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.31
2019-03-31 0.31
2018-12-31 0.34
2018-09-30 0.28
2018-06-30 0.27
2018-03-31 0.40
2017-12-31 0.35
2017-09-30 0.38
2017-06-30 0.39
2017-03-31 0.30
2016-12-31 0.30
2016-09-30 0.33

*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 MAM Software Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MAM Software Group'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.
MAM Software Group 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 MAM Software Group 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 MAM Software Group's growth in the last year to its industry (Software).
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.
  • MAM Software Group's year on year earnings growth rate has been positive over the past 5 years.
  • MAM Software Group's 1-year earnings growth exceeds its 5-year average (15.7% vs 12.9%)
  • MAM Software Group's earnings growth has not exceeded the US Software industry average in the past year (15.7% vs 19.1%).
Earnings and Revenue History
MAM Software Group'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 MAM Software Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MAMS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 37.71 3.71 9.99 5.81
2019-03-31 37.26 3.76 9.73 5.56
2018-12-31 36.90 4.09 10.01 5.19
2018-09-30 36.44 3.31 9.94 4.95
2018-06-30 35.78 3.21 9.82 4.73
2018-03-31 34.53 4.69 8.97 4.41
2017-12-31 33.29 4.15 8.94 4.14
2017-09-30 32.17 4.48 8.99 3.90
2017-06-30 31.60 4.58 9.16 3.79
2017-03-31 31.72 3.53 9.85 3.81
2016-12-31 31.76 3.45 9.81 3.81
2016-09-30 32.28 3.94 9.74 3.84
2016-06-30 32.21 3.55 9.61 3.78
2016-03-31 31.71 2.91 9.21 3.83
2015-12-31 31.46 3.04 9.13 3.79
2015-09-30 31.43 3.23 9.26 3.67
2015-06-30 31.64 3.01 9.81 3.86
2015-03-31 31.64 2.18 10.57 3.83
2014-12-31 31.85 2.12 10.61 3.84
2014-09-30 31.34 1.59 10.46 3.89
2014-06-30 30.69 1.67 10.02 3.69
2014-03-31 30.20 2.54 9.41 3.57
2013-12-31 29.15 2.69 8.85 3.43
2013-09-30 28.54 3.08 8.20 3.37
2013-06-30 27.47 3.01 7.51 3.41
2013-03-31 27.17 4.02 6.64 3.39
2012-12-31 26.48 3.69 6.45 3.37

*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.
  • MAM Software Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • MAM Software Group used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • MAM Software Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MAM Software Group'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 Software 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.
MAM Software Group has a total score of 4/6, 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 MAM Software Group'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 MAM Software Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MAM Software Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MAM Software Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MAM Software Group'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 2.7x 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 MAM Software Group Company Filings, last reported 3 months ago.

NasdaqCM:MAMS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17.54 4.58 5.51
2019-03-31 16.56 5.10 5.14
2018-12-31 15.22 5.62 3.91
2018-09-30 14.95 6.08 4.21
2018-06-30 13.52 6.39 4.17
2018-03-31 13.12 6.86 3.79
2017-12-31 11.34 7.48 2.81
2017-09-30 11.16 7.73 2.44
2017-06-30 9.68 8.12 1.26
2017-03-31 6.83 8.51 0.82
2016-12-31 5.95 8.82 0.63
2016-09-30 5.77 9.29 0.33
2016-06-30 5.02 9.69 0.49
2016-03-31 4.53 10.02 1.59
2015-12-31 4.06 10.50 1.26
2015-09-30 18.55 0.00 5.82
2015-06-30 18.40 0.00 6.79
2015-03-31 17.08 0.00 5.56
2014-12-31 16.93 0.00 5.73
2014-09-30 16.65 0.00 6.37
2014-06-30 17.28 0.00 7.01
2014-03-31 17.87 0.00 5.88
2013-12-31 16.93 0.00 5.18
2013-09-30 16.05 0.07 4.28
2013-06-30 14.62 0.31 4.06
2013-03-31 13.81 0.50 2.88
2012-12-31 13.69 0.68 2.52
  • MAM Software Group's level of debt (26.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if MAM Software Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (99.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).
X
Financial health checks
We assess MAM Software Group'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. MAM Software Group has a total score of 5/6, 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 MAM Software Group'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 MAM Software Group dividends.
If you bought $2,000 of MAM Software Group shares you are expected to receive $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 MAM Software Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MAM Software Group'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
NasdaqCM:MAMS 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 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2002 Stocks 2.4%
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.

NasdaqCM:MAMS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-06-30
2019-10-21

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

  • Unable to perform a dividend volatility check as MAM Software Group has not reported any payouts.
  • Unable to verify if MAM Software Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MAM Software Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MAM Software Group 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 MAM Software Group'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 MAM Software Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MAM Software Group 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 MAM Software Group'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
Mike Jamieson
COMPENSATION $425,714
AGE 52
TENURE AS CEO 9.3 years
CEO Bio

Mr. Michael G. Jamieson, also known as Mike has been the Chief Executive Officer at MAM Software Group, Inc. (formerly Aftersoft Group Inc) since June, 2010. Mr. Jamieson has also been the Chief Executive Officer and Managing Director of MAM Software Ltd., since 2004. He serves as Chief Executive Officer of MAM Software, Inc. Mr. Jamieson has been the President of MAM Software Group, Inc. since August 3, 2005. He served as Chief Executive Officer of MAM Software Ltd. since 2004. He served as an Interim Chief Executive Officer of MAM Software Group, Inc. since February 1, 2010. He served as the General Manager of MAM Inc. since January 2010. Mr. Jamieson served as the Chief Operating Officer of Aftersoft Group Inc., from August 3, 2005 to March 6, 2007 and served as its President since August 3, 2005. He has been with Aftersoft since 1990 when he joined the installation and configuration department. He held a number of positions within MAM's implementation and support departments until his appointment as Department Manager for Workshop and Bodyshop Systems in 1995 and was promoted to the position of Associate Director of Workshop and Bodyshop Systems in 2002. He has been a Director at MAM Software Group, Inc. since February 1, 2010 and previously served as its Director from December 2005 to March 6, 2007.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MAM Software Group management team in years:

5.1
Average Tenure
48
Average Age
  • The average tenure for the MAM Software Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Jamieson

TITLE
CEO, President & Director
COMPENSATION
$426K
AGE
52
TENURE
9.3 yrs

Brian Callahan

TITLE
CFO & Executive VP
COMPENSATION
$593K
AGE
48
TENURE
4 yrs

Lee Broad

TITLE
Chief Technology Officer
COMPENSATION
$702K
AGE
46
TENURE
6.3 yrs

Giles Greenslade

TITLE
Managing Director of Origin Software Solutions Ltd.
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the MAM Software Group board of directors in years:

9.7
Average Tenure
52
Average Age
  • The tenure for the MAM Software Group board of directors is about average.
Board of Directors

Rick Wasserman

TITLE
Independent Chairman of the Board
COMPENSATION
$110K
AGE
64
TENURE
3.3 yrs

Mike Jamieson

TITLE
CEO, President & Director
COMPENSATION
$426K
AGE
52
TENURE
9.7 yrs

Dwight Mamanteo

TITLE
Independent Director
COMPENSATION
$110K
AGE
50
TENURE
12.6 yrs

William Lewis

TITLE
Independent Director
COMPENSATION
$110K
AGE
43
TENURE
10.8 yrs

Peter Kamin

TITLE
Independent Director
COMPENSATION
$110K
AGE
57
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess MAM Software Group'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. MAM Software Group 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 MAM Software Group, Inc.’s (NASDAQ:MAMS) 22% ROCE Any Good?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for MAM Software Group:0.22 = US$5.0m ÷ (US$33m - US$11m) (Based on the trailing twelve months to March 2019.) So, MAM Software Group has an ROCE of 22%. … Do MAM Software Group's Current Liabilities Skew Its ROCE?

Simply Wall St -

Should You Be Excited About MAM Software Group, Inc.'s (NASDAQ:MAMS) 23% Return On Equity?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for MAM Software Group: 23% = US$3.8m ÷ US$17m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … MAM Software Group's Debt And Its 23% ROE While MAM Software Group does have some debt, with debt to equity of just 0.31, we wouldn't say debt is excessive.

Simply Wall St -

Do You Like MAM Software Group, Inc. (NASDAQ:MAMS) At This P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for MAM Software Group: P/E of 35.47 = $11.04 ÷ $0.31 (Based on the year to March 2019.) Is A High P/E Ratio Good? … NasdaqCM:MAMS Price Estimation Relative to Market, July 23rd 2019 Its relatively low P/E ratio indicates that MAM Software Group shareholders think it will struggle to do as well as other companies in its industry classification. … The Bottom Line On MAM Software Group's P/E Ratio MAM Software Group has a P/E of 35.5.

Simply Wall St -

Here's Why MAM Software Group (NASDAQ:MAMS) Can Manage Its Debt Responsibly

We can see from the most recent balance sheet that MAM Software Group had liabilities of US$10.8m falling due within a year, and liabilities of US$5.79m due beyond that. … MAM Software Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Over the most recent three years, MAM Software Group recorded free cash flow worth 69% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Do Insiders Own Shares In MAM Software Group, Inc. (NASDAQ:MAMS)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … See our latest analysis for MAM Software Group NasdaqCM:MAMS Ownership Summary, June 5th 2019 What Does The Institutional Ownership Tell Us About MAM Software Group? … Insider Ownership Of MAM Software Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Why We Like MAM Software Group, Inc.’s (NASDAQ:MAMS) 22% Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for MAM Software Group: 0.22 = US$5.0m ÷ (US$33m - US$11m) (Based on the trailing twelve months to March 2019.) Therefore, MAM Software Group has an ROCE of 22%. … What Are Current Liabilities, And How Do They Affect MAM Software Group's ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Calculating The Fair Value Of MAM Software Group, Inc. (NASDAQ:MAMS)

Today we will run through one way of estimating the intrinsic value of MAM Software Group, Inc. … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Can MAM Software Group, Inc. (NASDAQ:MAMS) Maintain Its Strong Returns?

MAM Software Group has a ROE of 27%, based on the last twelve months. … View our latest analysis for MAM Software Group? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's What MAM Software Group, Inc.'s (NASDAQ:MAMS) P/E Ratio Is Telling Us

We'll look at MAM Software Group, Inc.'s (NASDAQ:MAMS) P/E ratio and reflect on what it tells us about the company's share price. … MAM Software Group has a price to earnings ratio of 25.29, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Investors Who Bought MAM Software Group (NASDAQ:MAMS) Shares Three Years Ago Are Now Up 56%

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During three years of share price growth, MAM Software Group achieved compound earnings per share growth of 14% per year. … We don't think it is entirely coincidental that the EPS growth is reasonably close to the 16% average annual increase in the share price.

Simply Wall St -

Company Info

Description

MAM Software Group, Inc., through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits. It also provides e-commerce and online services that offers Web sites and online connectivity between manufacturers, warehouse distributors, retailers, auto service providers, and the consumer; and customer support, consulting, and training services comprising phone and online support, implementation, and training. The company’s business management systems include Autopart for warehouse distributors that seek to manage various locations and inventories on a single system, as well as parts store chains that seek to manage various locations and inventories on a single system for a regional area; and VAST, a product for large-to medium-sized automotive service and tire chains. Its business management systems also comprise Autowork Online for small single location auto service businesses; and Trader, a product for generic wholesalers and distributors. In addition, the company offers information products, such as Autocat, MAM Commerce, Interchange Catalog, Labor Guide, Scheduled Service Intervals, and Tire Sizing. Further, it provides online e-commerce services through OpenWebs, Autonet, and WebTrade and WebRetail solutions. The company serves wholesale parts and tire distributors, retailers, franchisees, cooperatives, auto service chains, and single location auto service businesses. MAM Software Group, Inc. is headquartered in Blue Bell, Pennsylvania.

Details
Name: MAM Software Group, Inc.
MAMS
Exchange: NasdaqCM
Founded:
$153,014,672
12,624,973
Website: http://www.mamsoftware.com
Address: MAM Software Group, Inc.
Two Valley Square,
Suite 220,
Blue Bell,
Pennsylvania, 19422,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MAMS Common Stock Nasdaq Capital Market US USD 08. Oct 1990
Number of employees
Current staff
Staff numbers
253
MAM Software Group employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/21 23:56
End of day share price update: 2019/10/18 00:00
Last estimates confirmation: 2019/09/30
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.