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ENW

EnWaveTSXV:ENW Stock Report

Market Cap

CA$99.2m

7D

-4.3%

1Y

-27.4%

Updated

02 Dec, 2021

Data

Company Financials +
ENW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ENW Stock Overview

EnWave Corporation designs, constructs, markets, licenses, installs, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States.

EnWave Competitors

SMC

TSE:6273

JP¥4.9t

Parker-Hannifin

NYSE:PH

US$37.7b

GEA Group

XTRA:G1A

€8.1b

Price History & Performance

Summary of all time highs, changes and price drops for EnWave
Historical stock prices
Current Share PriceCA$0.90
52 Week HighCA$1.82
52 Week LowCA$0.86
Beta0.98
1 Month Change-18.92%
3 Month Change-10.00%
1 Year Change-27.42%
3 Year Change-29.69%
5 Year Change-23.08%
Change since IPO40.63%

Recent News & Updates

Nov 11
A Look At The Intrinsic Value Of EnWave Corporation (CVE:ENW)

A Look At The Intrinsic Value Of EnWave Corporation (CVE:ENW)

Today we will run through one way of estimating the intrinsic value of EnWave Corporation ( CVE:ENW ) by projecting its...

Sep 01
At CA$0.97, Is It Time To Put EnWave Corporation (CVE:ENW) On Your Watch List?

At CA$0.97, Is It Time To Put EnWave Corporation (CVE:ENW) On Your Watch List?

EnWave Corporation ( CVE:ENW ), might not be a large cap stock, but it saw a decent share price growth in the teens...

May 29
EnWave Corporation (CVE:ENW) Analysts Are Cutting Their Estimates: Here's What You Need To Know

EnWave Corporation (CVE:ENW) Analysts Are Cutting Their Estimates: Here's What You Need To Know

It's shaping up to be a tough period for EnWave Corporation ( CVE:ENW ), which a week ago released some disappointing...

Shareholder Returns

ENWCA MachineryCA Market
7D-4.3%-7.0%-4.8%
1Y-27.4%13.5%19.0%

Return vs Industry: ENW underperformed the Canadian Machinery industry which returned 13.5% over the past year.

Return vs Market: ENW underperformed the Canadian Market which returned 19% over the past year.

Price Volatility

Is ENW's price volatile compared to industry and market?
ENW volatility
ENW Average Weekly Movement5.6%
Machinery Industry Average Movement8.1%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.6%

Stable Share Price: ENW is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ENW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199992Brent Charletonhttps://www.enwave.net

EnWave Corporation designs, constructs, markets, licenses, installs, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. It offers radiant energy vacuum (REV) dehydration platforms, such as nutraREV and quantaREV to dehydrate fruits, vegetables, herbs, dairy products, ready-to-eat meals, instant baked goods, cannabis products, nutraceuticals, pharmaceuticals, and meats and seafood. The company also provides REV platforms for pharmaceutical industry, including powderREV; and freezeREV for the dehydration of biomaterial and pharmaceutical products.

EnWave Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
ENW income statement (TTM)
RevenueCA$30.35m
Cost of RevenueCA$23.41m
Gross ProfitCA$6.95m
ExpensesCA$9.93m
Earnings-CA$2.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin22.88%
Net Profit Margin-9.84%
Debt/Equity Ratio0.7%

How did ENW perform over the long term?

See historical performance and comparison

Valuation

Is EnWave undervalued compared to its fair value and its price relative to the market?

26.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENW (CA$0.9) is trading below our estimate of fair value (CA$1.22)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ENW is overvalued based on its PB Ratio (3.9x) compared to the CA Machinery industry average (3.3x).


Future Growth

How is EnWave forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

21.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ENW's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if ENW's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENW's revenue (21.3% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: ENW's revenue (21.3% 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 ENW's Return on Equity is forecast to be high in 3 years time


Past Performance

How has EnWave performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENW is currently unprofitable.

Growing Profit Margin: ENW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENW is unprofitable, and losses have increased over the past 5 years at a rate of 13.2% per year.

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

Earnings vs Industry: ENW is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (31%).


Return on Equity

High ROE: ENW has a negative Return on Equity (-11.78%), as it is currently unprofitable.


Financial Health

How is EnWave's financial position?


Financial Position Analysis

Short Term Liabilities: ENW's short term assets (CA$25.7M) exceed its short term liabilities (CA$6.0M).

Long Term Liabilities: ENW's short term assets (CA$25.7M) exceed its long term liabilities (CA$1.2M).


Debt to Equity History and Analysis

Debt Level: ENW has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ENW's debt to equity ratio has reduced 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: Whilst unprofitable ENW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ENW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.8% per year.


Dividend

What is EnWave current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.9yrs

Average management tenure


CEO

Brent Charleton

3.33yrs

Tenure

CA$501,018

Compensation

Mr. Brent Charleton, CFA, serves as Director at EnWave Corporation since August 29, 2018. He has been the Chief Executive Officer and President at EnWave Corp. since August 28, 2018 and was its Senior Vice...


CEO Compensation Analysis

Compensation vs Market: Brent's total compensation ($USD391.13K) is above average for companies of similar size in the Canadian market ($USD165.14K).

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


Leadership Team

Experienced Management: ENW's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: ENW's board of directors are considered experienced (7.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ENW insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

EnWave Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: EnWave Corporation
  • Ticker: ENW
  • Exchange: TSXV
  • Founded: 1999
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CA$99.185m
  • Shares outstanding: 110.21m
  • Website: https://www.enwave.net

Number of Employees


Location

  • EnWave Corporation
  • 1668 Derwent Way
  • Unit 1
  • Delta
  • British Columbia
  • V3M 6R9
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:35
End of Day Share Price2021/12/02 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.