TSXV:FLT

Stock Analysis Report

Drone Delivery Canada

Executive Summary

Drone Delivery Canada Corp., a drone technology company, designs, develops, and implements commercial drone logistics platform in Canada.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Risks

  • Drone Delivery Canada has significant price volatility in the past 3 months.
  • Drone Delivery Canada is covered by less than 3 analysts.

Share Price & News

How has Drone Delivery Canada's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.4%

TSXV:FLT

-5.1%

CA Aerospace & Defense

-1.4%

CA Market


1 Year Return

-35.9%

TSXV:FLT

21.6%

CA Aerospace & Defense

-4.4%

CA Market

FLT underperformed the Aerospace & Defense industry which returned 21.6% over the past year.

FLT underperformed the Market in Canada which returned -4.4% over the past year.


Share holder returns

FLTIndustryMarket
7 Day9.4%-5.1%-1.4%
30 Day-14.7%-4.6%-2.8%
90 Day-35.0%-7.2%-3.1%
1 Year-35.9%-35.9%23.2%21.6%-1.0%-4.4%
3 Year389.5%389.5%73.0%65.9%13.4%3.4%
5 Yearn/a135.6%119.0%12.4%-3.4%

Price Volatility Vs. Market

How volatile is Drone Delivery Canada's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Drone Delivery Canada undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Drone Delivery Canada's share price is below the future cash flow value, and at a moderate discount (> 20%).

Drone Delivery Canada's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Drone Delivery Canada is loss making, we can't compare its value to the North America Aerospace & Defense industry average.

Drone Delivery Canada is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Drone Delivery Canada, we can't assess if its growth is good value.


Price Based on Value of Assets

Drone Delivery Canada is overvalued based on assets compared to the CA Aerospace & Defense industry average.


Next Steps

Future Growth

How is Drone Delivery Canada expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.0%

Forecasted Aerospace & Defense industry annual growth in earnings


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 Drone Delivery Canada 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Drone Delivery Canada performed over the past 5 years?

-70.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Drone Delivery Canada does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Drone Delivery Canada's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Drone Delivery Canada's 1-year growth to the North America Aerospace & Defense industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Drone Delivery Canada has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Drone Delivery Canada has efficiently used its assets last year compared to the North America Aerospace & Defense industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Drone Delivery Canada improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Drone Delivery Canada's financial position?


Financial Position Analysis

Drone Delivery Canada is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Drone Delivery Canada's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Drone Delivery Canada's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Drone Delivery Canada's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.9376695963644E+17x debt.


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.

Drone Delivery Canada has sufficient cash runway for 1.5 years based on current free cash flow.

Drone Delivery Canada has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 70.3% each year.


Next Steps

Dividend

What is Drone Delivery Canada's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Drone Delivery Canada's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Drone Delivery Canada's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Drone Delivery Canada has not reported any payouts.

Unable to verify if Drone Delivery Canada's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Drone Delivery Canada 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.


Next Steps

Management

What is the CEO of Drone Delivery Canada's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Michael Zahra

0.2yrs

Tenure

Mr. Michael Zahra has been the Chief Executive Officer, President and Director at Drone Delivery Canada Inc. since June 10, 2019 and served as its Senior Vice President of Operations and Strategy from Janu ...


Management Age and Tenure

3.3yrs

Average Tenure

The tenure for the Drone Delivery Canada management team is about average.


Board Age and Tenure

1.9yrs

Average Tenure

47.5yo

Average Age

The average tenure for the Drone Delivery Canada board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Drone Delivery Canada individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyCA$21,60011 Jul 19
Michael Zahra
EntityIndividual
Role
CEO, President & Director
Member of the Board of Directors
Shares20,000
Max PriceCA$1.08
BuyCA$5,85019 Jun 19
Michael Della Fortuna
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max PriceCA$1.17
BuyCA$120,00027 Mar 19
Anthony Di Benedetto
EntityIndividual
Role
Member of Advisory Board
Shares100,000
Max PriceCA$1.20

Ownership Breakdown


Management Team

  • Richard Buzbuzian (48yo)

    Head of Capital Markets & Member of Advisory Board

    • Tenure: 0.5yrs
    • Compensation: CA$622.00k
  • Rob Suttie (50yo)

    Chief Financial Officer

    • Tenure: 7.8yrs
    • Compensation: CA$64.85k
  • Michael Zahra

    CEO, President & Director

    • Tenure: 0.2yrs
  • Paul Di Benedetto

    CTO & Corporate Secretary

    • Tenure: 3.3yrs
    • Compensation: CA$622.00k
  • Greg Colacitti

    Vice President of Business Development

    • Tenure: 3.3yrs
    • Compensation: CA$550.00k

Board Members

  • Rob Montemarano

    Director

    • Tenure: 7.4yrs
  • Deepak Chopra (56yo)

    Member of Advisory Board

  • Michael Zahra

    CEO, President & Director

    • Tenure: 0.2yrs
  • Tony Di Benedetto (47yo)

    Member of Advisory Board

    • Tenure: 0.2yrs
    • Compensation: CA$622.00k
  • Sebastian Fischmeister

    Member of Technical Advisory Board

  • Richard Buzbuzian (48yo)

    Head of Capital Markets & Member of Advisory Board

    • Tenure: 0.5yrs
    • Compensation: CA$622.00k
  • Hugh Liu

    Member of Technical Advisory Board

  • Craig Steeves

    Member of Technical Advisory Board

  • Michael Della Fortuna

    Director

    • Tenure: 3.3yrs
  • Chris Irwin (45yo)

    Director

    • Tenure: 3.3yrs

Company Information

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


Key Information

  • Name: Drone Delivery Canada Corp.
  • Ticker: FLT
  • Exchange: TSXV
  • Founded:
  • Industry: aerospace and defense
  • Sector: capital goods
  • Market Cap: CA$163.642m
  • Shares outstanding: 175.96m
  • Website: Click here

Number of Employees


Location

  • Drone Delivery Canada Corp.
  • 6175 Highway 7
  • Unit 10
  • Vaughan
  • Ontario
  • L4H 0P6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAKO.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDJun 2016
ABBDB (Deutsche Boerse AG)YesNew Common SharesDEEURJun 2016
FLTTSXV (TSX Venture Exchange)YesNew Common SharesCACADJun 2016

Biography

Drone Delivery Canada Corp., a drone technology company, designs, develops, and implements commercial drone logistics platform in Canada. The company offers drone delivery services consisting of Depot to D ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 01:01
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.