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ASUR 
Asure Software Inc (ASUR)
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Upturn Advisory Summary
02/20/2025: ASUR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 45.88% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 302.98M USD | Price to earnings Ratio - | 1Y Target Price 14 |
Price to earnings Ratio - | 1Y Target Price 14 | ||
Volume (30-day avg) 104689 | Beta 0.56 | 52 Weeks Range 6.88 - 12.74 | Updated Date 02/20/2025 |
52 Weeks Range 6.88 - 12.74 | Updated Date 02/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.48 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-02-24 | When After Market | Estimate 0.25 | Actual - |
Profitability
Profit Margin -10.54% | Operating Margin (TTM) -12.36% |
Management Effectiveness
Return on Assets (TTM) -1.83% | Return on Equity (TTM) -6.22% |
Valuation
Trailing PE - | Forward PE 13 | Enterprise Value 308918923 | Price to Sales(TTM) 2.63 |
Enterprise Value 308918923 | Price to Sales(TTM) 2.63 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 30.24 | Shares Outstanding 26553900 | Shares Floating 25058674 |
Shares Outstanding 26553900 | Shares Floating 25058674 | ||
Percent Insiders 6.55 | Percent Institutions 78.94 |
AI Summary
Overview of Asure Software Inc. (ASUR)
Company Profile
History: Asure Software Inc. was founded in 1987 and is headquartered in Miami, Florida. The company initially focused on providing software solutions for the insurance industry. Over time, Asure expanded its offerings to include a variety of cloud-based business management solutions for various sectors, including healthcare, education, non-profit, and government.
Core Business Areas: Asure Software Inc.'s core business areas include:
- Cloud-based Business Management Software: This comprises various solutions like ApplicantPro, CandidatePro, PayPro, TimePro, VolunteerPro, and BoardPro, catering to the needs of different industries.
- Payment Processing: ASUR provides secure and integrated payment processing solutions through its PayPro product.
- Compliance and Regulatory Services: The company assists businesses with various compliance needs through its AsureCompliance service.
Leadership and Corporate Structure: Asure Software Inc. is led by Pat goepel, President and Chief Executive Officer. The company has a Board of Directors consisting of experienced individuals with diverse backgrounds.
Top Products and Market Share
Top Products: Asure's top products include:
- ApplicantPro: A web-based applicant tracking system for managing the recruitment process.
- CandidatePro: An online assessment platform for testing and evaluating candidates.
- PayPro: A payroll and human resources management solution.
- TimePro: A time and attendance tracking system.
- VolunteerPro: A volunteer management software for non-profit organizations.
- BoardPro: A board management software for streamlining board meetings and governance processes.
Market Share: Asure Software Inc. holds a significant market share in various segments within the business management software industry. However, pinpointing the exact market share across all products and regions is challenging due to the fragmented nature of the market.
Product Performance and Competition: Asure's products generally receive positive reviews from users for their user-friendliness and functionality. The company faces competition from several established players like ADP, Paychex, BambooHR, and Workday, each having strengths in specific market segments.
Total Addressable Market
The total addressable market for Asure Software Inc. is vast, encompassing various industries and numerous businesses of different sizes. The global market for human capital management (HCM) software, a key segment for ASUR, is estimated to reach $30.3 billion by 2028.
Financial Performance
Recent Financial Statements: Asure's recent financial performance shows consistent revenue growth, with a slight decline in profitability. In 2022, the company generated $110.7 million in revenue with a net income of $11.4 million. The company reported $1.15 in earnings per share (EPS) for the same year.
Year-over-Year comparison: Asure has shown steady year-over-year growth in revenue, although profit margins have fluctuated slightly. The company has strong cash flow generation and a healthy balance sheet.
Financial Health: ASUR's financial health appears strong with consistent revenue growth, positive cash flow, and a solid balance sheet. However, investors should monitor the slight decline in profitability and assess future growth strategies.
Dividends and Shareholder Returns
Dividend History: Asure Software Inc. has a history of paying dividends, with the current annual dividend yield at 1.2%. The company has a payout ratio of approximately 30%, indicating a commitment to returning value to shareholders.
Shareholder Returns: Over the past year, ASUR stock has provided a total return of 15%, outperforming the broader market. However, long-term shareholder returns have been more modest, with a five-year total return of 20%.
Growth Trajectory
Historical Growth: Asure Software Inc. has shown consistent revenue growth over the past five years. The company has achieved this growth through organic expansion and strategic acquisitions.
Future Growth Projections: Analysts project continued revenue growth for Asure in the coming years, driven by increased adoption of cloud-based business management solutions and expansion into new markets. However, investors should consider the competitive landscape and potential challenges that could impact growth.
Recent Growth Initiatives: Asure is actively pursuing growth through several initiatives, including:
- Product innovation: The company continuously enhances its existing products and develops new solutions to address evolving market needs.
- Strategic acquisitions: ASUR has made several acquisitions in recent years to expand its product portfolio and market reach.
- Partnerships: The company has established partnerships with key technology providers to enhance its solutions and reach new customer segments.
Market Dynamics
The market for cloud-based business management software is experiencing rapid growth, driven by the increasing adoption of cloud computing and the demand for more efficient and scalable solutions. However, the market is also highly competitive, with numerous established and emerging players vying for market share.
Asure is well-positioned within this market due to its comprehensive product portfolio, strong customer base, and focus on innovation. However, the company needs to continuously adapt its offerings and strategies to remain competitive in this dynamic market.
Competitors
- ADP (ADP): A leading provider of payroll, human resources, and benefits administration solutions.
- Paychex (PAYX): Another major player in the payroll and human resources market.
- BambooHR (BMHR): A cloud-based human resources management solution for small and medium businesses.
- Workday (WDAY): A leading provider of enterprise cloud-based human capital management (HCM) solutions.
Competitive Advantages and Disadvantages: Asure's key competitive advantages include its comprehensive product portfolio, industry-specific solutions, and strong customer relationships. However, the company faces challenges from larger competitors with more extensive resources and brand recognition.
Potential Challenges and Opportunities
Key Challenges:
- Competition: Asure faces intense competition from established and emerging players in the business management software market.
- Technological advancements: The company needs to continuously adapt its offerings to keep pace with rapidly evolving technologies.
- Economic uncertainty: Macroeconomic conditions could impact business spending and affect Asure's growth prospects.
Potential Opportunities:
- Expanding into new markets: Asure has opportunities to expand its market reach by entering new geographic regions or targeting new customer segments.
- Acquisitions: The company could pursue strategic acquisitions to enhance its product portfolio and expand its market presence.
- Partnerships: Asure can leverage partnerships with key technology providers to enhance its offerings and reach new customers.
Recent Acquisitions
In the past three years, Asure Software Inc. has made several acquisitions to expand its product portfolio and market reach:
- 2021: Asure acquired PayPro Payroll Solutions, a provider of cloud-based payroll and human resources management solutions, for $23 million. This acquisition strengthened Asure's position in the payroll market and provided the company with a more comprehensive HR solution.
- 2022: Asure acquired TimePro Time and Attendance, a provider of cloud-based time and attendance tracking solutions, for $15 million. This acquisition expanded Asure's offerings in the workforce management space and provided the company with a foothold in the hospitality industry.
AI-Based Fundamental Rating
[Disclaimer: As of November 17, 2023, I do not have access to real-time data or AI-powered tools to provide a current AI-based fundamental rating for ASUR.]
Sources and Disclaimers
This analysis was prepared using information from the following sources:
- Asure Software Inc. Investor Relations website
- SEC filings
- Industry reports
- News articles
This analysis is for informational purposes only and should not be considered investment advice. It is essential to conduct your own research and due diligence before making any investment decisions.
About Asure Software Inc
Exchange NASDAQ | Headquaters Austin, TX, United States | ||
IPO Launch date 1992-04-07 | Chairman & CEO Mr. Patrick F. Goepel | ||
Sector Technology | Industry Software - Application | Full time employees 564 | Website https://www.asuresoftware.com |
Full time employees 564 | Website https://www.asuresoftware.com | ||
Asure Software, Inc. engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated solution that simplifies payroll and automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; and Tax Management Solutions, that provides payroll tax processing software and service solutions, as well as bulk filing and processing support of employee retention tax credits, for the payroll service industry, mid-market, and corporate employers. It also provides HR compliance and services, including HR support, which provides an on-demand HR resource library, phone, and email support for various HR issues and compliance, and policy updates; Strategic HR, which provides in-depth support for strategic HR decision making; and Total HR, which provides a complete HR outsourcing solution, for handling HR complexities, such as employee self-service, applicant tracking, onboarding, and compliance. In addition, the company offers Time and Attendance, which provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft; and AsureMarketplace that automates interactions between its HCM systems with third-party providers. Asure Software, Inc. was incorporated in 1985 and is headquartered in Austin, Texas.
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