TSX:PAT

Stock Analysis Report

Patriot One Technologies

Executive Summary

Patriot One Technologies Inc., a technology company, engages in the research, development, and commercialization of a system to detect concealed weapons utilizing radar technologies.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Patriot One Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

12.6%

PAT

0.8%

CA Aerospace & Defense

0.2%

CA Market


1 Year Return

-36.1%

PAT

21.1%

CA Aerospace & Defense

3.5%

CA Market

Return vs Industry: PAT underperformed the Canadian Aerospace & Defense industry which returned 21.1% over the past year.

Return vs Market: PAT underperformed the Canadian Market which returned 3.5% over the past year.


Shareholder returns

PATIndustryMarket
7 Day12.6%0.8%0.2%
30 Day11.9%-2.5%-3.3%
90 Day-4.3%-9.9%-1.9%
1 Year-36.1%-36.1%22.7%21.1%7.3%3.5%
3 Yearn/a63.0%56.4%14.7%4.4%
5 Yearn/a107.3%92.7%26.2%7.7%

Price Volatility Vs. Market

How volatile is Patriot One Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Patriot One Technologies 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: PAT (CA$1.79) is trading below our estimate of fair value (CA$8.21)

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


Price To Earnings Ratio

PE vs Industry: PAT is unprofitable, so we can't compare its PE Ratio to the Aerospace & Defense industry average.

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


Price to Book Ratio

PB vs Industry: PAT is good value based on its PB Ratio (3.5x) compared to the CA Aerospace & Defense industry average (3.6x).


Next Steps

  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

How is Patriot One Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.0%

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 Patriot One 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.


Next Steps

Past Performance

How has Patriot One Technologies performed over the past 5 years?

-60.8%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PAT is unprofitable, and there is insufficient past data to establish if their past 5-year earnings growth rate was positive.

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

Earnings vs Industry: PAT is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (9.7%).


Return on Equity

High ROE: PAT has a negative Return on Equity (-23.96%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PAT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PAT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Patriot One Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: PAT's short term assets (CA$64.3M) exceeds its short term liabilities (CA$1.5M)

Long Term Liabilities: PAT has no long term liabilities


Debt to Equity History and Analysis

Debt Level: PAT is debt free.

Reducing Debt: PAT has not had any debt for past 5 years.


Balance Sheet

Inventory Level: PAT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PAT's debt is covered by short term assets.


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: PAT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PAT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Patriot One Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of Patriot One Technologies's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Martin Cronin (53yo)

2.9yrs

Tenure

CA$240,000

Compensation

Mr. Martin Cronin has been the Chief Executive Officer at Patriot One Technologies Inc. since November 09, 2016 and serves as its President. Mr. Cronin serves as Regional Director of the Canadian Forces Li ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Martin's total compensation is reasonable compared to companies of similar size in the Canadian market.

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


Management Age and Tenure

1.3yrs

Average Tenure

53yo

Average Age

Experienced Management: PAT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: PAT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

SellCA$86,34708 Aug 19
James Stewart
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Video Analytics
Shares43,831
Max PriceCA$1.97
SellCA$270,00922 Mar 19
Dinesh Kandanchatha
EntityIndividual
Shares100,000
Max PriceCA$2.72
SellCA$215,30001 Mar 19
Dinesh Kandanchatha
EntityIndividual
Shares100,000
Max PriceCA$2.15
BuyCA$9,72503 Dec 18
Dinesh Kandanchatha
EntityIndividual
Shares5,000
Max PriceCA$1.95
SellCA$29,88007 Nov 18
Dinesh Kandanchatha
EntityIndividual
Shares12,000
Max PriceCA$2.49
SellCA$259,77704 Nov 18
Dinesh Kandanchatha
EntityIndividual
Shares98,300
Max PriceCA$2.64

Ownership Breakdown


Management Team

  • Mike Barnsley (59yo)

    CFO & Corporate Secretary

    • Tenure: 2.7yrs
    • Compensation: CA$223.64k
  • Jeff Tindale (48yo)

    Senior VP of Capital Markets

    • Tenure: 0yrs
    • Compensation: CA$395.00k
  • Martin Cronin (53yo)

    CEO, President & Director

    • Tenure: 2.9yrs
    • Compensation: CA$240.00k
  • Robert Lex

    Senior Vice President of Operations

    • Tenure: 1.8yrs
  • Paul Rice

    Senior Vice President of Engineering & Radar Systems

    • Tenure: 0.8yrs
  • Phil Lancaster

    Senior Vice President of Business Development & Government Relations

    • Tenure: 0.9yrs
  • James Stewart

    Senior Vice President of Video Analytics

    • Tenure: 0.8yrs
  • Paul Borselli

    Vice President of Marketing & Corporate Communications

    • Tenure: 0yrs

Board Members

  • Tom Ridge (74yo)

    Member of Executive Advisory Board

    • Tenure: 2.5yrs
  • Victoria Calvert (63yo)

    Independent Director

    • Tenure: 0.4yrs
  • Martin Cronin (53yo)

    CEO, President & Director

    • Tenure: 2.9yrs
    • Compensation: CA$240.00k
  • C. Scott Shepherd (60yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CA$26.67k
  • Andrew Brear

    Member of Executive Advisory Board

    • Tenure: 2.6yrs
  • Phil Jones

    Member of Executive Advisory Board

    • Tenure: 2.6yrs
  • John Gillies

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: CA$15.00k
  • Peter van der Gracht

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: CA$213.11k
  • Karl Wagner

    Member of Executive Advisory Board

    • Tenure: 0.8yrs
  • Natalia Nikolova

    Member of Executive Advisory Board

    • Tenure: 0yrs

Company Information

Patriot One Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Patriot One Technologies Inc.
  • Ticker: PAT
  • Exchange: TSX
  • Founded:
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: CA$267.549m
  • Shares outstanding: 149.47m
  • Website: https://www.patriot1tech.com

Number of Employees


Location

  • Patriot One Technologies Inc.
  • 750-1095 West Pender Street
  • Vancouver
  • British Columbia
  • V6E 2M6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PATTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 2016
0PLDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2016
PTOT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2016

Biography

Patriot One Technologies Inc., a technology company, engages in the research, development, and commercialization of a system to detect concealed weapons utilizing radar technologies. The company’s principa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:39
End of Day Share Price2019/10/22 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.