Innodata Inc

Technology
EDP Services
www.innodata.com

Earnings Score
Moat Score

Market Cap $1.29B
PE 64
Debt $NaN
Cash $26.36M
EV $NaN
FCF $11.03M

Earnings

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Sales & Net Margins

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Earnings	$20.01M
EBIT	$15.04M
ROE	42%
ROA	17%
FCF	$11.03M
Equity	$47.71M
Growth Stability	1
PE	64.29
PEG	5.64
PB	26.96
P/FCF	116.6
P/S	9.36
Price/Cash	0.02
Net Margins	17%
Op. Margins	11%
Earnings CAGR	4%
Sales Growth YoY	136%
Sales Growth QoQ	60%
Sales CAGR	6%
FCF CAGR	1%
Equity CAGR	-5%
Earnings Stability	0.03
Earnings Growth YoY	4K%

Earnings Growth QoQ	-217K%
Earnings CAGR 5Y	11%
Sales CAGR 5Y	16%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	0%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	67%
Equity CAGR 3Y	17%
Market Cap	$1.29B
Revenue	$137.39M
Assets	$88.17M
Cash	$26.36M
Shares Outstanding	28.87M
Earnings Score	6%
Moat Score	96%
Working Capital	24.99M
Current Ratio	1.84
Shares Growth 3y	3%
Equity Growth QoQ	65%
Equity Growth YoY	109%

Assets & ROA

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Stockholders Equity & ROE

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Innodata Inc is a digital services and solutions company. It provides technology and services to information products and online retail destinations. The company has three operating segments: Digital data solutions, Synodex, and Agility. It serves publishers, media and information companies, digital retailers, banks, insurance companies, government agencies, and other industries. Geographically, it operates in the United States, United Kingdom, Netherlands, Canada, and Europe.

SEC Filings

Direct access to Innodata Inc (INOD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Innodata Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Innodata Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability 3%

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Innodata Inc Discounted Cash Flow

Fully customizable DCF calculator online for Innodata Inc.

Years

Calculation mode

= $117M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$11M	$11M	$11M	$11M	$11M	$11M	$12M	$12M	$12M	$12M	$12M	$120M
DCF		$10M	$9.3M	$8.5M	$7.8M	$7.1M	$6.5M	$6M	$5.5M	$5M	$4.6M	$46M
Value	$117M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-3%	-6%	-9%	-9%	0%	-3%	1%	-3%	-15%	-1%	17%
ROA	-	-4%	-10%	-11%	4%	-1%	2%	-2%	-22%	0%	17%
ROE	-	-9%	-17%	-17%	0%	-6%	2%	-6%	-64%	-4%	42%

Good Net Margins (16.51%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.36	-1.12	-3.27	4.53	2.06	2.29	11.21	-0.88	-	-
Debt over Equity	0.22	0.17	0.18	0.28	0.23	0.24	0.33	0.29	0.36	-	-
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	8%	-3%	-6%	-3%	4%	20%	13%	10%	16%
Earnings YoY growth	-	76%	75%	-9%	-100%	-41K%	-138%	-393%	565%	-92%	11%
Equity YoY growth	-	-3%	-12%	-8%	-2%	-14%	13%	1%	-37%	37%	0%
FCF YoY growth	-	-24%	-379%	-51%	-159%	96%	38%	-82%	-1K%	-104%	-7%