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FLT

Drone Delivery Canada TSXV:FLT Stock Report

Last Price

CA$0.58

Market Cap

CA$125.6m

7D

11.5%

1Y

-49.1%

Updated

24 Jun, 2022

Data

Company Financials +
FLT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Drone Delivery Canada
Historical stock prices
Current Share PriceCA$0.58
52 Week HighCA$1.45
52 Week LowCA$0.48
Beta0.77
1 Month Change11.54%
3 Month Change-13.43%
1 Year Change-49.12%
3 Year Change-49.12%
5 Year Change68.12%
Change since IPO93.33%

Recent News & Updates

Shareholder Returns

FLTCA Aerospace & DefenseCA Market
7D11.5%7.2%0.3%
1Y-49.1%-24.9%-4.1%

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.

Price Volatility

Is FLT's price volatile compared to industry and market?
FLT volatility
FLT Average Weekly Movement10.6%
Aerospace & Defense Industry Average Movement10.2%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

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

FoundedEmployeesCEOWebsite
2011n/aSteve Magiriashttps://www.dronedeliverycanada.com

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

How do Drone Delivery Canada's earnings and revenue compare to its market cap?
FLT fundamental statistics
Market CapCA$125.55m
Earnings (TTM)-CA$13.85m
Revenue (TTM)CA$283.10k

460.3x

P/S Ratio

-9.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLT income statement (TTM)
RevenueCA$283.10k
Cost of RevenueCA$5.39m
Gross Profit-CA$5.10m
Other ExpensesCA$8.75m
Earnings-CA$13.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.062
Gross Margin-1,803.22%
Net Profit Margin-4,893.55%
Debt/Equity Ratio0%

How did FLT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FLT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • PEG Ratio

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.

FLT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does FLT's PB Ratio compare to its peers?

FLT PB Ratio vs Peers
The above table shows the PB ratio for FLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Averagen/a

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.

FLT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.8x
Fair PB Ration/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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Future Growth

How is Drone Delivery Canada 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


154.0%

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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Past Performance

How has Drone Delivery Canada 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


-11.4%

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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Financial Health

How is Drone Delivery Canada's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


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: 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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Dividend

What is Drone Delivery Canada 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 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.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Steve Magirias

0.33

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...


Leadership Team

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


Board Members

Experienced Board: FLT's board of directors are considered experienced (3.2 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Drone Delivery Canada Corp.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Drone Delivery Canada Corp.
  • 6-6221 Highway 7
  • Vaughan
  • Ontario
  • L4H 0R6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.