FLT Stock Overview
Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally.
Drone Delivery Canada Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.58|
|52 Week High||CA$1.45|
|52 Week Low||CA$0.48|
|1 Month Change||11.54%|
|3 Month Change||-13.43%|
|1 Year Change||-49.12%|
|3 Year Change||-49.12%|
|5 Year Change||68.12%|
|Change since IPO||93.33%|
Recent News & Updates
|FLT||CA Aerospace & Defense||CA Market|
Return vs Industry: FLT underperformed the Canadian Aerospace & Defense industry which returned -26.8% over the past year.
Return vs Market: FLT underperformed the Canadian Market which returned -5.7% over the past year.
|FLT Average Weekly Movement||10.6%|
|Aerospace & Defense Industry Average Movement||10.2%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: FLT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: FLT's weekly volatility (11%) has been stable over the past year.
About the Company
Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company’s logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.
Drone Delivery Canada Fundamentals Summary
|FLT fundamental statistics|
Is FLT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLT income statement (TTM)|
|Cost of Revenue||CA$5.39m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.062|
|Net Profit Margin||-4,893.55%|
How did FLT perform over the long term?See historical performance and comparison
Is FLT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FLT?
Other financial metrics that can be useful for relative valuation.
|What is FLT's n/a Ratio?|
Price to Book Ratio vs Peers
How does FLT's PB Ratio compare to its peers?
|FLT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
Price-To-Book vs Peers: Insufficient data to calculate FLT's Price-To-Book Ratio vs. peers for valuation analysis.
Price to Earnings Ratio vs Industry
How does FLT's PE Ratio compare vs other companies in the Aerospace & Defense Industry?
Price-To-Book vs Industry: FLT is expensive based on its Price-To-Book Ratio (4.8x) compared to the Canadian Aerospace & Defense industry average (2.5x)
Price to Book Ratio vs Fair Ratio
What is FLT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||4.8x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate FLT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FLT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate FLT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate FLT's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FLT's PEG Ratio to determine if it is good value.
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How is Drone Delivery Canada forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FLT's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if FLT's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if FLT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLT's revenue (154% per year) is forecast to grow faster than the Canadian market (6.6% per year).
High Growth Revenue: FLT's revenue (154% 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 FLT's Return on Equity is forecast to be high in 3 years time
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How has Drone Delivery Canada performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLT is currently unprofitable.
Growing Profit Margin: FLT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FLT is unprofitable, and losses have increased over the past 5 years at a rate of 11.4% per year.
Accelerating Growth: Unable to compare FLT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FLT is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (28.8%).
Return on Equity
High ROE: FLT has a negative Return on Equity (-50.76%), as it is currently unprofitable.
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How is Drone Delivery Canada's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: FLT's short term assets (CA$25.0M) exceed its short term liabilities (CA$1.7M).
Long Term Liabilities: FLT's short term assets (CA$25.0M) exceed its long term liabilities (CA$167.3K).
Debt to Equity History and Analysis
Debt Level: FLT is debt free.
Reducing Debt: FLT had no debt 5 years ago.
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: FLT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FLT has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 21.9% each year.
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What is Drone Delivery Canada current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FLT'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 FLT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FLT'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 FLT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Steve Magirias serves as Chief Executive Officer, President and Director at Drone Delivery Canada Corp. since February 22, 2022. He has background in manufacturing, product development, quality control...
Experienced Management: FLT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: FLT's board of directors are considered experienced (3.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Drone Delivery Canada Corp.'s employee growth, exchange listings and data sources
- Name: Drone Delivery Canada Corp.
- Ticker: FLT
- Exchange: TSXV
- Founded: 2011
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: CA$125.551m
- Shares outstanding: 224.20m
- Website: https://www.dronedeliverycanada.com
Number of Employees
- Drone Delivery Canada Corp.
- 6-6221 Highway 7
- L4H 0R6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.