TSXV:BES

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Braille Energy Systems

Executive Summary

Braille Energy Systems Inc., together with its subsidiaries, supplies ultra-lightweight lithium-ion batteries.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Braille Energy Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BES's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

33.3%

BES

2.8%

CA Auto Components

0.8%

CA Market


1 Year Return

0%

BES

-2.1%

CA Auto Components

-11.1%

CA Market

Return vs Industry: BES exceeded the Canadian Auto Components industry which returned -3.1% over the past year.

Return vs Market: BES exceeded the Canadian Market which returned -12.7% over the past year.


Shareholder returns

BESIndustryMarket
7 Day33.3%2.8%0.8%
30 Day100.0%-1.4%-0.8%
90 Dayn/a20.7%9.1%
1 Year0%0%0.8%-2.1%-8.0%-11.1%
3 Yearn/a-0.002%-7.0%4.4%-5.5%
5 Yearn/a-11.3%-20.7%22.0%3.5%

Price Volatility Vs. Market

How volatile is Braille Energy Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Braille Energy Systems undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BES (CA$0.02) is trading below our estimate of fair value (CA$0.07)

Significantly Below Fair Value: BES is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BES is unprofitable, so we can't compare its PE Ratio to the CA Auto Components industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BES has negative assets, so we can't compare its PB Ratio to the CA Auto Components industry average.


Next Steps

Future Growth

How is Braille Energy Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.4%

Forecasted Automobiles 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 Braille Energy Systems 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.


Next Steps

Past Performance

How has Braille Energy Systems performed over the past 5 years?

-32.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BES is currently unprofitable.

Growing Profit Margin: BES is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BES is unprofitable, and losses have increased over the past 5 years at a rate of -32.9% per year.

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

Earnings vs Industry: BES is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-16.2%).


Return on Equity

High ROE: BES's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Braille Energy Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BES has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BES has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BES has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BES's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: Whilst unprofitable BES has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BES is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.1% per year.


Next Steps

Dividend

What is Braille Energy Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BES'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 BES's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

8.7yrs

Average board tenure


CEO

Gary Economo (61yo)

no data

Tenure

CA$36,000

Compensation

Mr. Gary Economo serves as Chief Executive Officer of Braille Energy Systems Inc. and has been its Director since November 8, 2011. Mr. Economo has been the Chief Executive Officer of Stria Lithium Inc. si ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD175.15K).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Gary Economo
CEO & Directorno dataCA$36.00k5.84% CA$54.9k
Lindsay Weatherdon
President & Director8.67yrsCA$12.99k0.85% CA$8.0k
James Greenberger
Independent Director2.75yrsno datano data
Jeffrey York
Chairman of the Boardno datano data4.91% CA$46.1k

8.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: BES's board of directors are considered experienced (8.7 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Braille Energy Systems Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Braille Energy Systems Inc.
  • Ticker: BES
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: CA$940.245k
  • Shares outstanding: 47.01m
  • Website: https://www.brailleenergysystemsinc.com

Location

  • Braille Energy Systems Inc.
  • 945 Princess Street
  • Box 117
  • Kingston
  • Ontario
  • K7L 0E9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BESTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2018

Biography

Braille Energy Systems Inc., together with its subsidiaries, supplies ultra-lightweight lithium-ion batteries. The company offers its products through a network of retail outlets in the United States and internationally, as well as through online distributors. It serves motorsports, transportation, marine, UAVS, avionics, mining, medical, military, rail, back up/stand by, and audio industries. The company also distributes and sells AGM carbon fiber race batteries. Braille Energy Systems Inc. is headquartered in Kingston, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 00:33
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.