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ECT

Environmental Clean TechnologiesASX:ECT Stock Report

Market Cap

AU$18.7m

7D

0%

1Y

60.0%

Updated

22 Oct, 2021

Data

Company Financials
ECT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ECT Overview

Environmental Clean Technologies Limited commercializes technologies energy and resource technologies in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Environmental Clean Technologies
Historical stock prices
Current Share PriceAU$0.016
52 Week HighAU$0.009
52 Week LowAU$0.02
Beta1.32
1 Month Change60.00%
3 Month Change33.33%
1 Year Change60.00%
3 Year Change-84.00%
5 Year Change-91.58%
Change since IPO-99.89%

Recent News & Updates

Shareholder Returns

ECTAU Commercial ServicesAU Market
7D0%1.9%0.7%
1Y60.0%11.9%21.4%

Return vs Industry: ECT exceeded the Australian Commercial Services industry which returned 11.9% over the past year.

Return vs Market: ECT exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is ECT's price volatile compared to industry and market?
ECT volatility
ECT Beta1.32
Industry Beta0.91
Market Beta1

Stable Share Price: ECT is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: ECT's weekly volatility has decreased from 51% to 16% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1985n/aGlenn Fozardhttps://ectltd.com.au

Environmental Clean Technologies Limited commercializes technologies energy and resource technologies in Australia. Its technologies include Coldry, a method to dewater brown coal and transform this resource into a black coal equivalent; and catalytic de-polymerization technology that enables the production of diesel from a range of hydrocarbon-based inputs, including various waste and hydrocarbon streams, such as waste timber, end-of-life plastics, and low-rank coal. The company also offers catalytic organic hydrogen generation technology for producing hydrogen from lignite; and HydroMOR, a process for producing iron product from brown coal and iron oxide bearing material, such as mill scale, nickel tailings, and high or low-grade iron ore.

Environmental Clean Technologies Fundamentals Summary

How do Environmental Clean Technologies's earnings and revenue compare to its market cap?
ECT fundamental statistics
Market CapAU$18.68m
Earnings (TTM)-AU$1.87m
Revenue (TTM)n/a

0x

P/S Ratio

-10.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ECT income statement (TTM)
RevenueAU$0
Cost of RevenueAU$125.86k
Gross Profit-AU$125.86k
ExpensesAU$1.74m
Earnings-AU$1.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0015
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio97.2%

How did ECT perform over the long term?

See historical performance and comparison

Valuation

Is Environmental Clean Technologies undervalued compared to its fair value and its price relative to the market?

15.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: ECT 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 ECT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ECT is overvalued based on its PB Ratio (15.1x) compared to the AU Commercial Services industry average (2.6x).


Future Growth

How is Environmental Clean Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.2%

Forecasted Commercial Services 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 Environmental Clean Technologies 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 Environmental Clean Technologies performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECT is currently unprofitable.

Growing Profit Margin: ECT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ECT is unprofitable, but has reduced losses over the past 5 years at a rate of 9.6% per year.

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

Earnings vs Industry: ECT is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (7.9%).


Return on Equity

High ROE: ECT has a negative Return on Equity (-141.44%), as it is currently unprofitable.


Financial Health

How is Environmental Clean Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ECT's short term assets (A$3.4M) exceed its short term liabilities (A$3.2M).

Long Term Liabilities: ECT's short term assets (A$3.4M) exceed its long term liabilities (A$2.3M).


Debt to Equity History and Analysis

Debt Level: ECT's debt to equity ratio (97.2%) is considered high.

Reducing Debt: ECT's debt to equity ratio has increased from 17.7% to 97.2% over the past 5 years.


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: ECT has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ECT is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Dividend

What is Environmental Clean Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ECT'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 ECT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ECT'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 ECT'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?

0.08yrs

Average management tenure


CEO

Glenn Fozard

0.083

Tenure

AU$248,598

Compensation

Mr. Glenn Fozard, BA (Psych), is Managing Director at Environmental Clean Technologies Limited since September 3, 2021 and served as its Executive Chairman since November 25, 2013 until September 3, 2021....


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD186.17K) is below average for companies of similar size in the Australian market ($USD303.33K).

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


Leadership Team

Experienced Management: ECT's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ECT's board of directors are not considered experienced ( 1.1 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 been diluted in the past year, with total shares outstanding growing by 29.7%.


Top Shareholders

Company Information

Environmental Clean Technologies Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Environmental Clean Technologies Limited
  • Ticker: ECT
  • Exchange: ASX
  • Founded: 1985
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: AU$18.677m
  • Shares outstanding: 1.25b
  • Website: https://ectltd.com.au

Location

  • Environmental Clean Technologies Limited
  • 388 Punt Road
  • South Yarra
  • Victoria
  • 3141
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:04
End of Day Share Price2021/10/22 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.