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Patriot One Technologies

TSX:PAT
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PAT
TSX
CA$257M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

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 last earnings update was 40 days ago. More info.


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PAT Share Price and Events
7 Day Returns
3.4%
TSX:PAT
-1.6%
CA Aerospace & Defense
0.1%
CA Market
1 Year Returns
30.5%
TSX:PAT
24.8%
CA Aerospace & Defense
-2%
CA Market
PAT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Patriot One Technologies (PAT) 3.4% -5.2% -14.4% 30.5% - -
CA Aerospace & Defense -1.6% 0.6% 9.2% 24.8% 82.9% 123.3%
CA Market 0.1% -0.2% -2.3% -2% 8.2% 0%
1 Year Return vs Industry and Market
  • PAT outperformed the Aerospace & Defense industry which returned 24.8% over the past year.
  • PAT outperformed the Market in Canada which returned -2% over the past year.
Price Volatility
PAT
Industry
5yr Volatility vs Market

Value

 Is Patriot One Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Patriot One Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Patriot One Technologies.

TSX:PAT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PAT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.878 (1 + (1- 26.5%) (0%))
0.918
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.918 * 5.96%)
7.42%

Discounted Cash Flow Calculation for TSX:PAT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Patriot One Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:PAT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.42%)
2020 9.30 Analyst x1 8.66
2021 24.80 Analyst x1 21.49
2022 34.50 Analyst x1 27.83
2023 44.80 Analyst x1 33.65
2024 46.80 Est @ 4.47% 32.73
2025 48.54 Est @ 3.72% 31.60
2026 50.09 Est @ 3.19% 30.35
2027 51.50 Est @ 2.81% 29.05
2028 52.81 Est @ 2.55% 27.74
2029 54.07 Est @ 2.37% 26.43
Present value of next 10 years cash flows CA$269.53
TSX:PAT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$54.07 × (1 + 1.95%) ÷ (7.42% – 1.95%)
CA$1,007.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,007.46 ÷ (1 + 7.42%)10
CA$492.55
TSX:PAT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$269.53 + CA$492.55
CA$762.08
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$762.08 / 139.89
CA$5.45
TSX:PAT Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$5.45
Current discount Discount to share price of CA$1.84
= -1 x (CA$1.84 - CA$5.45) / CA$5.45
66.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Patriot One Technologies is available for.
Intrinsic value
>50%
Share price is CA$1.84 vs Future cash flow value of CA$5.45
Current Discount Checks
For Patriot One Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Patriot One Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Patriot One Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Patriot One Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Patriot One Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PAT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.14
TSX:PAT Share Price ** TSX (2019-07-23) in CAD CA$1.84
North America Aerospace & Defense Industry PE Ratio Median Figure of 41 Publicly-Listed Aerospace & Defense Companies 23.26x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Patriot One Technologies.

TSX:PAT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PAT Share Price ÷ EPS (both in CAD)

= 1.84 ÷ -0.14

-13.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Patriot One Technologies is loss making, we can't compare its value to the North America Aerospace & Defense industry average.
  • Patriot One Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Patriot One Technologies's expected growth come at a high price?
Raw Data
TSX:PAT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
North America Aerospace & Defense Industry PEG Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 2.1x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Patriot One Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Patriot One Technologies's assets?
Raw Data
TSX:PAT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.51
TSX:PAT Share Price * TSX (2019-07-23) in CAD CA$1.84
Canada Aerospace & Defense Industry PB Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 3.82x
Canada Market PB Ratio Median Figure of 2,446 Publicly-Listed Companies 1.46x
TSX:PAT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PAT Share Price ÷ Book Value per Share (both in CAD)

= 1.84 ÷ 0.51

3.59x

* Primary Listing of Patriot One Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Patriot One Technologies is good value based on assets compared to the CA Aerospace & Defense industry average.
X
Value checks
We assess Patriot One Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Patriot One Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Patriot One Technologies expected to grow at an attractive rate?
  • Unable to compare Patriot One Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Patriot One Technologies's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Patriot One Technologies's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PAT Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
North America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PAT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PAT Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-07-31 133 1
2022-07-31 104 1
2021-07-31 75 1
2020-07-31 47 1
2019-07-31 7 1
TSX:PAT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -15 -17
2019-01-31 -13 -16
2018-10-31 -12 -15
2018-07-31 -11 -12
2018-04-30 -9 -11
2018-01-31 -7 -8
2017-10-31 -5 -9
2017-07-31 -4 -8
2016-07-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Patriot One Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Patriot One Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PAT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Patriot One Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PAT Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-07-31
2022-07-31
2021-07-31
2020-07-31
2019-07-31
TSX:PAT Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.14
2019-01-31 -0.14
2018-10-31 -0.15
2018-07-31 -0.13
2018-04-30 -0.13
2018-01-31 -0.13
2017-10-31 -0.15
2017-07-31 -0.17
2016-07-31 -0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Patriot One Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Patriot One Technologies is trading at Patriot One Technologies'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Patriot One Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Patriot One Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Patriot One Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Patriot One Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Patriot One Technologies's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Patriot One Technologies does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Patriot One Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Patriot One Technologies's 1-year growth to the North America Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
Patriot One Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Patriot One Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PAT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -16.97 11.27 5.07
2019-01-31 -16.06 10.46 5.48
2018-10-31 -14.90 9.78 4.98
2018-07-31 -11.99 7.03 4.75
2018-04-30 -10.55 6.85 2.70
2018-01-31 -8.42 5.33 2.13
2017-10-31 -8.74 3.97 2.02
2017-07-31 -7.74 3.38 1.64
2016-07-31 -1.45 0.49 0.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Patriot One Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Patriot One Technologies has efficiently used its assets last year compared to the North America Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Patriot One Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Patriot One Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Patriot One Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Patriot One Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Patriot One Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Patriot One Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Patriot One Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Patriot One Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Patriot One Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Patriot One Technologies Company Filings, last reported 2 months ago.

TSX:PAT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 70.84 0.00 62.22
2019-01-31 74.67 0.00 70.78
2018-10-31 32.00 0.00 31.61
2018-07-31 33.53 0.00 32.64
2018-04-30 36.77 0.00 36.30
2018-01-31 14.53 0.00 14.27
2017-10-31 15.49 0.00 15.45
2017-07-31 5.51 0.00 5.18
2016-07-31 0.00 0.00 0.20
  • Patriot One Technologies has no debt.
  • Patriot One Technologies has not taken on any debt in the past 5 years.
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.

  • Patriot One Technologies has sufficient cash runway for more than 3 years based on current free cash flow.
  • Patriot One Technologies has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 64.7% each year.
X
Financial health checks
We assess Patriot One Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Patriot One Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Patriot One Technologies dividends.
If you bought CA$2,000 of Patriot One Technologies shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Patriot One Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Patriot One Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PAT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
North America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PAT Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-07-31
2022-07-31
2021-07-31
2020-07-31
2019-07-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Patriot One Technologies has not reported any payouts.
  • Unable to verify if Patriot One Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Patriot One Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Patriot One Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Patriot One Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Patriot One Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Patriot One Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Cronin
COMPENSATION CA$186,240
AGE 53
TENURE AS CEO 2.7 years
CEO Bio

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 Liaison Council. Mr. Cronin is also Honorary Colonel of the British Columbia Dragoons (a Canadian Forces Primary Reserve Regiment). Mr. Cronin is an expert in the areas of counter-terrorism, conflict resolution and government/corporate interface. He has extensive experience in high intensity conflict environments. He served as Chief Executive Officer of a private company specializing in communications and survivability technologies. Before moved to the private sector, Mr. Cronin was British Consul-General to Western Canada, based in Vancouver. His career includes over twenty years of experience in the field of international diplomacy with the British Government, included posts in Yemen, Jordan, Sweden, Pakistan and Iraq. He serves as a Member of the Advisory Board of the Central Okanagan Economic Development Commission and Member of the Advisory Board of International Yacht Training Worldwide. He is a frequent guest speaker on the Middle East and security issues. He has been a Director at Patriot One Technologies Inc. since November 09, 2016.

CEO Compensation
  • Martin's compensation has increased whilst company is loss making.
  • Martin's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Patriot One Technologies management team in years:

1.1
Average Tenure
53
Average Age
  • The average tenure for the Patriot One Technologies management team is less than 2 years, this suggests a new team.
Management Team

Martin Cronin

TITLE
CEO, President & Director
COMPENSATION
CA$186K
AGE
53
TENURE
2.7 yrs

Mike Barnsley

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$67K
AGE
59
TENURE
2.4 yrs

Jeff Tindale

TITLE
Senior Vice President of Capital Markets
COMPENSATION
CA$85K
AGE
48

Robert Lex

TITLE
Senior Vice President of Operations
TENURE
1.5 yrs

Paul Borselli

TITLE
Vice President of Marketing & Corporate Communications

Paul Rice

TITLE
Senior Vice President of Engineering & Radar Systems
TENURE
0.5 yrs

Phil Lancaster

TITLE
Senior Vice President of Business Development
TENURE
0.7 yrs

James Stewart

TITLE
Senior Vice President of Video Analytics
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Patriot One Technologies board of directors in years:

2.2
Average Tenure
61.5
Average Age
  • The average tenure for the Patriot One Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

C. Scott Shepherd

TITLE
Chairman of the Board
COMPENSATION
CA$32K
AGE
60

Martin Cronin

TITLE
CEO, President & Director
COMPENSATION
CA$186K
AGE
53
TENURE
2.7 yrs

Phil Jones

TITLE
Member of Executive Advisory Board
TENURE
2.3 yrs

Tom Ridge

TITLE
Member of Advisory Board
AGE
74
TENURE
2.3 yrs

John Gillies

TITLE
Independent Director
COMPENSATION
CA$92K
TENURE
2.2 yrs

Peter van der Gracht

TITLE
Independent Director
TENURE
1 yrs

Natalia Nikolova

TITLE
Member of Executive Advisory Board

Jamie Graham

TITLE
Member of Executive Advisory Board

Victoria Calvert

TITLE
Independent Director
AGE
63
TENURE
0.2 yrs

Michael Rozin

TITLE
Member of Executive Advisory Board
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
22. Mar 19 Sell Dinesh Kandanchatha Individual 18. Mar 19 19. Mar 19 -100,000 CA$2.72 CA$-270,009
01. Mar 19 Sell Dinesh Kandanchatha Individual 25. Feb 19 25. Feb 19 -100,000 CA$2.15 CA$-215,300
03. Dec 18 Buy Dinesh Kandanchatha Individual 30. Nov 18 30. Nov 18 5,000 CA$1.95 CA$9,725
07. Nov 18 Sell Dinesh Kandanchatha Individual 05. Nov 18 05. Nov 18 -12,000 CA$2.49 CA$-29,880
04. Nov 18 Sell Dinesh Kandanchatha Individual 01. Nov 18 01. Nov 18 -98,300 CA$2.64 CA$-259,777
09. Oct 18 Sell Martin Cronin Individual 11. Sep 18 04. Oct 18 -58,350 CA$2.02 CA$-110,149
X
Management checks
We assess Patriot One Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Patriot One Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Patriot One Technologies's (TSE:PAT) Share Price Gain of 26% Match Its Business Performance?

It seems likely some shareholders believe that Patriot One Technologies will significantly advance the business plan before too long. … A Different Perspective It's nice to see that Patriot One Technologies shareholders have gained 26% over the last year. … Before spending more time on Patriot One Technologies it might be wise to click here to see if insiders have been buying or selling shares.

Simply Wall St -

Did Patriot One Technologies Inc. (TSE:PAT) Insiders Sell Shares?

Patriot One Technologies Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider sale was by the Director, Dinesh Kandanchatha, for CA$270k worth of shares, at about CA$2.72 per share. … Over the last year we saw more insider selling of Patriot One Technologies shares, than buying

Simply Wall St -

Company Info

Description

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 principal product is PATSCAN CMR, a cognitive microwave radar concealed weapons detection system to combat active shooter threats before they occur, which is used in traffic areas, such as entryways, hallways, and stairwells, as well as other public spaces in airports, stadiums, schools, and other spaces. It also develops PATSCAN VRS, a threat detection video surveillance solution, which helps security personnel to detect weapons, public disturbances, and suspicious behavior. The company is headquartered in Vancouver, Canada.

Details
Name: Patriot One Technologies Inc.
PAT
Exchange: TSX
Founded:
CA$257,406,684
139,894,937
Website: http://www.patriot1tech.com
Address: Patriot One Technologies Inc.
750-1095 West Pender Street,
Vancouver,
British Columbia, V6E 2M6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PAT Common Shares The Toronto Stock Exchange CA CAD 10. Nov 2016
OTCPK PTOT.F Common Shares Pink Sheets LLC US USD 10. Nov 2016
DB 0PL Common Shares Deutsche Boerse AG DE EUR 10. Nov 2016
Number of employees
Current staff
Staff numbers
29
Patriot One Technologies employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 02:46
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/06/14
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.