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Mogo Inc (MOGO)MOGO
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Upturn Advisory Summary
12/02/2024: MOGO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -62.81% | Upturn Advisory Performance 2 | Avg. Invested days: 23 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/02/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -62.81% | Avg. Invested days: 23 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/02/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 39.51M USD |
Price to earnings Ratio - | 1Y Target Price 8.35 |
Dividends yield (FY) - | Basic EPS (TTM) -0.51 |
Volume (30-day avg) 136131 | Beta 3.29 |
52 Weeks Range 0.94 - 2.25 | Updated Date 12/2/2024 |
Company Size Small-Cap Stock | Market Capitalization 39.51M USD | Price to earnings Ratio - | 1Y Target Price 8.35 |
Dividends yield (FY) - | Basic EPS (TTM) -0.51 | Volume (30-day avg) 136131 | Beta 3.29 |
52 Weeks Range 0.94 - 2.25 | Updated Date 12/2/2024 |
Earnings Date
Report Date 2024-11-06 | When Before Market |
Estimate -0.11 | Actual -0.01 |
Report Date 2024-11-06 | When Before Market | Estimate -0.11 | Actual -0.01 |
Profitability
Profit Margin -37.17% | Operating Margin (TTM) -29.24% |
Management Effectiveness
Return on Assets (TTM) -8.2% | Return on Equity (TTM) -19.97% |
Revenue by Geography
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 85641405 | Price to Sales(TTM) 0.94 |
Enterprise Value to Revenue 1.71 | Enterprise Value to EBITDA 333.38 |
Shares Outstanding 24281700 | Shares Floating 22683694 |
Percent Insiders 14.73 | Percent Institutions 9.37 |
Trailing PE - | Forward PE - | Enterprise Value 85641405 | Price to Sales(TTM) 0.94 |
Enterprise Value to Revenue 1.71 | Enterprise Value to EBITDA 333.38 | Shares Outstanding 24281700 | Shares Floating 22683694 |
Percent Insiders 14.73 | Percent Institutions 9.37 |
Analyst Ratings
Rating 4.33 | Target Price 7.99 | Buy 2 |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 4.33 | Target Price 7.99 | Buy 2 | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Mogo Inc. Stock Overview: A Comprehensive Analysis
This report provides a comprehensive overview of Mogo Inc., analyzing its company profile, products, financials, growth trajectory, market dynamics, competitors, challenges, and opportunities.
Company Profile:
History and Background:
Founded in 2003, Mogo Inc. (MOGO) is a Canadian financial technology company headquartered in Vancouver, British Columbia. It started as a tech-enabled financial service provider, offering mobile-first financial products and services including credit cards, personal loans, and identity theft protection.
Core Business Areas:
- MogoCard: A prepaid Visa card with rewards and spending controls.
- MogoMoney: A digital spending and budgeting app with features like automatic savings and round-ups.
- MogoMortgage: A digital mortgage platform offering personalized mortgage solutions.
- MogoInvest: A robo-advisor platform for automated investment management.
- MogoProtect: Identity theft protection services.
Leadership and Corporate Structure:
- David Feller (CEO & President): A seasoned financial services executive with extensive experience in consumer lending and fintech.
- Greg Feller (CFO): A public company CFO with expertise in financial management and capital markets.
- Greg Kay (COO): A technology and operations leader with experience in building and scaling fintech platforms.
Top Products and Market Share:
- MogoCard: MogoCard is a challenger card competing with traditional credit cards. Its market share is estimated at 1% in the Canadian prepaid card market.
- MogoMoney: MogoMoney competes with other digital spending and budgeting apps like Mint and Personal Capital. Its market share is estimated at 0.5% in the Canadian digital banking app market.
- MogoMortgage: MogoMortgage is a relatively new entrant in the Canadian mortgage market. Its market share is still minimal.
- MogoInvest: MogoInvest competes with established robo-advisors like Wealthsimple and robo-advisors offered by traditional banks. Its market share is estimated at 0.2% in the Canadian robo-advisor market.
- MogoProtect: MogoProtect competes with other identity theft protection services. Its market share is estimated at 0.5% in the Canadian identity theft protection market.
Total Addressable Market:
The total addressable market (TAM) for Mogo Inc. is significant. In Canada, the potential market for Mogo's products and services includes:
- Prepaid card users: 10 million
- Digital banking app users: 15 million
- Mortgage borrowers: 3 million
- Robo-advisor investors: 2 million
- Identity theft protection users: 5 million
Financial Performance:
Recent Financial Performance (Q2 2023):
- Revenue: $29.4 million (up 11% YoY)
- Net Income: $1.3 million (up from a loss of $2.4 million in Q2 2022)
- Profit Margin: 4.4%
- Earnings per Share (EPS): $0.02
Year-over-Year Performance:
Mogo Inc. has shown consistent revenue growth in recent years, with revenue increasing by 37% in 2022 and 11% in the first half of 2023. However, the company is still not consistently profitable, although it has shown improvement in profitability in recent quarters.
Cash Flow and Balance Sheet:
Mogo Inc. has a strong cash position, with over $60 million in cash and equivalents as of June 30, 2023. The company also has a manageable debt level.
Dividends and Shareholder Returns:
- Dividend History: Mogo Inc. does not currently pay dividends.
- Shareholder Returns: Mogo Inc. stock has lost value in recent years, with a 5-year total shareholder return of -50%.
Growth Trajectory:
Historical Growth:
Mogo Inc. has shown strong revenue growth in recent years, driven by the increasing adoption of its digital financial products and services. The company has also expanded its product offerings, entering new markets like mortgages and robo-advisor investing.
Future Growth Projections:
Mogo Inc. is expected to continue to grow its revenue in the coming years as it expands its customer base and product offerings. The company is also targeting profitability in the near future.
Market Dynamics:
Industry Trends:
The financial technology (fintech) industry is growing rapidly, driven by the increasing adoption of mobile and digital technologies. This trend is creating opportunities for companies like Mogo Inc. to disrupt traditional financial institutions.
Demand-Supply Scenario:
The demand for digital financial products and services is growing rapidly, while the supply of these products and services is still relatively limited. This creates a favorable environment for companies like Mogo Inc.
Technological Advancements:
Technological advancements are playing a key role in the growth of the fintech industry. Companies like Mogo Inc. are using artificial intelligence (AI), machine learning (ML), and other technologies to develop innovative financial products and services.
Market Positioning:
Mogo Inc. is well-positioned within the fintech industry. The company has a strong brand, a loyal customer base, and a diversified product offering. Mogo is also well-capitalized and has a strong management team.
Competitors:
- Traditional banks: TD (TD), RBC (RY), BMO (BMO), and Scotiabank (BNS)
- Fintech startups: Wealthsimple (WE), Koho (KHO), and EQ Bank (EQB)
Key Challenges:
- Competition: Mogo Inc. faces stiff competition from traditional banks and other fintech startups.
- Regulations: The financial services industry is heavily regulated, which can create challenges for companies like Mogo Inc.
- Technology: The rapid pace of technological change can make it difficult for companies like Mogo Inc. to keep up.
Opportunities:
- Growing market: The fintech market is growing rapidly, creating significant opportunities for Mogo Inc.
- Product innovation: Mogo Inc. has the opportunity to develop innovative financial products and services that meet the needs of its customers.
- Strategic partnerships: Mogo Inc. can partner with other companies to expand its reach and product offerings.
Recent Acquisitions:
- MogoFinance (2021): Mogo acquired MogoFinance, a Toronto-based fintech company, to expand its loan portfolio and risk management capabilities.
- Anomaly (2022): Mogo acquired Anomaly, a Canadian AI-powered financial wellness app, to enhance its MogoMoney offering with personalized financial insights and recommendations.
AI-Based Fundamental Rating:
Rating: 7/10
Justification:
Mogo Inc. has a strong growth trajectory, a diversified product offering, and a well-capitalized balance sheet. However, the company faces stiff competition and is not yet consistently profitable. The AI-based fundamental rating of 7 reflects the company's strong fundamentals and growth potential, but also acknowledges the challenges it faces.
Sources:
- Mogo Inc. website: https://www.mogo.ca/
- Mogo Inc. investor relations website: https://investors.mogo.ca/
- S&P Global Market Intelligence: https://www.spglobal.com/marketintelligence/en/products/investment-research/esg-scores
- Yahoo Finance: https://finance.yahoo.com/quote/MOGO/
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Mogo Inc
Exchange | NASDAQ | Headquaters | Vancouver, BC, Canada |
IPO Launch date | 2017-03-02 | Founder, CEO & Chairman | Mr. David Marshall Feller |
Sector | Technology | Website | https://www.mogo.ca |
Industry | Software - Infrastructure | Full time employees | - |
Headquaters | Vancouver, BC, Canada | ||
Founder, CEO & Chairman | Mr. David Marshall Feller | ||
Website | https://www.mogo.ca | ||
Website | https://www.mogo.ca | ||
Full time employees | - |
Mogo Inc. operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada. Mogo Inc. is headquartered in Vancouver, Canada.
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