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KTG

K-TIGASX:KTG Stock Report

Market Cap

AU$58.3m

7D

-1.4%

1Y

35.3%

Updated

25 Oct, 2021

Data

Company Financials
KTG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

KTG Overview

K-TIG Limited, a technology company, develops and manufactures welding technology in Australia, the United Kingdom, Singapore, Malaysia, the United States, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for K-TIG
Historical stock prices
Current Share PriceAU$0.34
52 Week HighAU$0.22
52 Week LowAU$0.58
Beta2.27
1 Month Change-11.54%
3 Month Change-13.75%
1 Year Change35.29%
3 Year Changen/a
5 Year Changen/a
Change since IPO-47.33%

Recent News & Updates

Mar 30
Companies Like K-TIG (ASX:KTG) Are In A Position To Invest In Growth

Companies Like K-TIG (ASX:KTG) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, K-TIG...

Shareholder Returns

KTGAU MachineryAU Market
7D-1.4%-1.3%0.6%
1Y35.3%47.5%21.3%

Return vs Industry: KTG underperformed the Australian Machinery industry which returned 47.5% over the past year.

Return vs Market: KTG exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is KTG's price volatile compared to industry and market?
KTG volatility
KTG Beta2.27
Industry Beta1.33
Market Beta1

Stable Share Price: KTG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KTG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aAdrian Smithhttps://www.k-tig.com

K-TIG Limited, a technology company, develops and manufactures welding technology in Australia, the United Kingdom, Singapore, Malaysia, the United States, and internationally. The company’s technology offers precision process for various applications and suits to corrosion resistant materials comprising stainless steel, nickel alloys, titanium alloys, as well as carbon steels and exotic materials. Its technology handles longitudinal and circumferential welds on pipes, spooling, vessels, tanks, and other materials in a single pass.

K-TIG Fundamentals Summary

How do K-TIG's earnings and revenue compare to its market cap?
KTG fundamental statistics
Market CapAU$58.34m
Earnings (TTM)-AU$4.48m
Revenue (TTM)AU$1.56m

37.4x

P/S Ratio

-13.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KTG income statement (TTM)
RevenueAU$1.56m
Cost of RevenueAU$780.89k
Gross ProfitAU$780.67k
ExpensesAU$5.26m
Earnings-AU$4.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.026
Gross Margin49.99%
Net Profit Margin-287.06%
Debt/Equity Ratio0%

How did KTG perform over the long term?

See historical performance and comparison

Valuation

Is K-TIG undervalued compared to its fair value and its price relative to the market?

9.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KTG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KTG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KTG is unprofitable, so we can't compare its PE Ratio to the Australian Machinery industry average.

PE vs Market: KTG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KTG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KTG is overvalued based on its PB Ratio (9.9x) compared to the AU Machinery industry average (2.4x).


Future Growth

How is K-TIG forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

53.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as K-TIG has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has K-TIG performed over the past 5 years?

-29.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KTG is currently unprofitable.

Growing Profit Margin: KTG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KTG is unprofitable, and losses have increased over the past 5 years at a rate of 29.2% per year.

Accelerating Growth: Unable to compare KTG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KTG is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (1.2%).


Return on Equity

High ROE: KTG has a negative Return on Equity (-75.78%), as it is currently unprofitable.


Financial Health

How is K-TIG's financial position?


Financial Position Analysis

Short Term Liabilities: KTG's short term assets (A$6.6M) exceed its short term liabilities (A$1.3M).

Long Term Liabilities: KTG's short term assets (A$6.6M) exceed its long term liabilities (A$13.1K).


Debt to Equity History and Analysis

Debt Level: KTG is debt free.

Reducing Debt: KTG had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KTG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: KTG has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 39.7% each year.


Dividend

What is K-TIG current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KTG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KTG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KTG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Adrian Smith

0.92

Tenure

AU$904,634

Compensation

Mr. Adrian Smith BSc, BE (Hons), MBA, FIEAust, CPEng, FAICD, has been Executive Director at K-TIG Limited since July 28, 2020 and was Non-Executive Director at K-TIG Limited since February 20, 2020. He ser...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD678.14K) is above average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Adrian's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: KTG's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: KTG's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

K-TIG Limited's employee growth, exchange listings and data sources


Key Information

  • Name: K-TIG Limited
  • Ticker: KTG
  • Exchange: ASX
  • Founded: 2012
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: AU$58.343m
  • Shares outstanding: 169.11m
  • Website: https://www.k-tig.com

Location

  • K-TIG Limited
  • Building 5
  • 9 William Street
  • Adelaide
  • South Australia
  • 5031
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:59
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.