Clean Seed Capital Group (TSXV:CSX) - Share price, News & Analysis

CSX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

CSX Stock Overview

Clean Seed Capital Group Ltd., together with its subsidiaries, operates in the agriculture equipment industry in North America.

Rewards

Trading at 81% below our estimate of its fair value

Revenue is forecast to grow 91.26% per year

Risk Analysis

Makes less than USD$1m in revenue (CA$7K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$22M)

Clean Seed Capital Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Clean Seed Capital Group
Historical stock prices
Current Share Price	CA$0.27
52 Week High	CA$0.63
52 Week Low	CA$0.23
Beta	0.66
1 Month Change	-14.29%
3 Month Change	-22.86%
1 Year Change	-49.06%
3 Year Change	31.71%
5 Year Change	-30.77%
Change since IPO	-22.86%

Shareholder Returns

	CSX	CA Machinery	CA Market
7D	-3.6%	2.0%	0.8%
1Y	-49.1%	-42.9%	4.9%

Return vs Industry: CSX underperformed the Canadian Machinery industry which returned -42.9% over the past year.

Return vs Market: CSX underperformed the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is CSX's price volatile compared to industry and market?
CSX volatility
CSX Average Weekly Movement	9.8%
Machinery Industry Average Movement	10.0%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: CSX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CSX's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	21	Graeme Lempriere	https://www.cleanseedcapital.com

Clean Seed Capital Group Ltd., together with its subsidiaries, operates in the agriculture equipment industry in North America. It offers seeding and planting equipment. The company focuses on development of the SMART Seeder MAX-S prototype and commercialization of the related SMART Seeder technology.

Clean Seed Capital Group Fundamentals Summary

How do Clean Seed Capital Group's earnings and revenue compare to its market cap?
CSX fundamental statistics
Market Cap	CA$22.45m
Earnings (TTM)	-CA$3.53m
Revenue (TTM)	CA$7.39k

3,375x

P/S Ratio

-6.4x

P/E Ratio

Is CSX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSX income statement (TTM)
Revenue	CA$7.39k
Cost of Revenue	CA$0
Gross Profit	CA$7.39k
Other Expenses	CA$3.54m
Earnings	-CA$3.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.043
Gross Margin	100.00%
Net Profit Margin	-47,816.30%
Debt/Equity Ratio	33.9%

How did CSX perform over the long term?

See historical performance and comparison

Valuation

Is Clean Seed Capital Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CSX (CA$0.27) is trading below our estimate of fair value (CA$1.42)

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: CSX is overvalued based on its PB Ratio (2.5x) compared to the CA Machinery industry average (2.1x).

Future Growth

How is Clean Seed Capital Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CSX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CSX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CSX's revenue (91.3% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: CSX's revenue (91.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CSX's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Clean Seed Capital Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

14.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSX is currently unprofitable.

Growing Profit Margin: CSX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: CSX is unprofitable, but has reduced losses over the past 5 years at a rate of 14.8% per year.

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

Earnings vs Industry: CSX is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (29.1%).

Return on Equity

High ROE: CSX has a negative Return on Equity (-39.8%), as it is currently unprofitable.

Financial Health

How is Clean Seed Capital Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CSX's short term assets (CA$509.1K) do not cover its short term liabilities (CA$3.9M).

Long Term Liabilities: CSX's short term assets (CA$509.1K) do not cover its long term liabilities (CA$980.6K).

Debt to Equity History and Analysis

Debt Level: CSX's net debt to equity ratio (32.3%) is considered satisfactory.

Reducing Debt: CSX's debt to equity ratio has increased from 6.7% to 33.9% 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: CSX has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CSX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Dividend

What is Clean Seed Capital Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CSX has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure

CEO

Graeme Lempriere (51 yo)

12.25yrs

Tenure

CA$200,000

Compensation

Mr. Graeme Lempriere has been the Chairman and Chief Executive Officer of Clean Seed Capital Group Ltd. since August 17, 2017. He served as President of Clean Seed Capital Group Ltd.since February 2010 un...

CEO Compensation Analysis

Compensation vs Market: Graeme's total compensation ($USD155.78K) is about average for companies of similar size in the Canadian market ($USD168.65K).

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

Leadership Team

Experienced Management: CSX's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: CSX's board of directors are considered experienced (6.4 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: CSX 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 6.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30