Asure Software: Performance Is Modest Under The Surface

Asure Software, Inc. reported slightly better Q2 financials than Wall Street anticipated. Reported revenue growth was very good, but underlying organic growth was modest. ASUR's performance is boosted by expensive client acquisitions. ASUR's margins are improving, which is a clear positive. High EBITDA margins still translate quite poorly to free cash flow. I estimate ASUR stock to have a fair value of $9.1, implying modest 13% upside.

Asure Software, Inc. ( ASUR ) reported the company’s Q2 results on the 30 th of July. The HR and payroll software provider’s financials came in very slightly above Wall Street’s consensus estimates

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a stock's prospects to determine the risk-to-reward.