RediShred Capital
Market Cap
CA$34.5m
Last Updated
2020/03/30 02:12 UTC
Data Sources
Company Financials +
Executive Summary
RediShred Capital Corp., through its subsidiaries, provides onsite shredding services under the Proshred brand in the United States and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has RediShred Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KUT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.8%
KUT
-1.4%
CA Commercial Services
11.7%
CA Market
1 Year Return
-45.7%
KUT
-12.3%
CA Commercial Services
-26.0%
CA Market
Return vs Industry: KUT underperformed the Canadian Commercial Services industry which returned -10.3% over the past year.
Return vs Market: KUT underperformed the Canadian Market which returned -25.5% over the past year.
Shareholder returns
| KUT | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.8% | -1.4% | 11.7% |
| 30 Day | -37.1% | -29.1% | -21.9% |
| 90 Day | -51.1% | -28.3% | -26.6% |
| 1 Year | -45.7%-45.7% | -10.5%-12.3% | -23.6%-26.0% |
| 3 Year | -10.2%-10.2% | 1.6%-5.0% | -15.8%-23.6% |
| 5 Year | 450.0%450.0% | 21.0%4.5% | -3.5%-17.8% |
Price Volatility Vs. Market
How volatile is RediShred Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does RediShred Capital's (CVE:KUT) P/E Compare To Its Industry, After The Share Price Drop?3 weeks ago | Simply Wall St
Can You Imagine How Elated RediShred Capital's (CVE:KUT) Shareholders Feel About Its 576% Share Price Gain?1 month ago | Simply Wall St
Who Has Been Buying RediShred Capital Corp. (CVE:KUT) Shares?Valuation
Is RediShred Capital undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KUT (CA$0.44) is trading below our estimate of fair value (CA$1.25)
Significantly Below Fair Value: KUT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KUT is poor value based on its PE Ratio (17.3x) compared to the Commercial Services industry average (16.4x).
PE vs Market: KUT is poor value based on its PE Ratio (17.3x) compared to the Canadian market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: KUT is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: KUT is overvalued based on its PB Ratio (1.1x) compared to the CA Commercial Services industry average (0.9x).
Next Steps
Future Growth
How is RediShred Capital forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
40.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KUT's forecast earnings growth (40.9% per year) is above the savings rate (1.4%).
Earnings vs Market: KUT's earnings (40.9% per year) are forecast to grow faster than the Canadian market (7.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KUT's revenue (16.1% per year) is forecast to grow faster than the Canadian market (3.9% per year).
High Growth Revenue: KUT's revenue (16.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KUT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has RediShred Capital performed over the past 5 years?
37.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KUT has high quality earnings.
Growing Profit Margin: KUT's current net profit margins (8.7%) are lower than last year (17.5%).
Past Earnings Growth Analysis
Earnings Trend: KUT's earnings have grown significantly by 37.6% per year over the past 5 years.
Accelerating Growth: KUT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KUT had negative earnings growth (-26.4%) over the past year, making it difficult to compare to the Commercial Services industry average (-19.4%).
Return on Equity
High ROE: KUT's Return on Equity (5.7%) is considered low.
Next Steps
Financial Health
How is RediShred Capital's financial position?
Financial Position Analysis
Short Term Liabilities: KUT's short term assets (CA$18.9M) exceed its short term liabilities (CA$5.7M).
Long Term Liabilities: KUT's short term assets (CA$18.9M) exceed its long term liabilities (CA$10.1M).
Debt to Equity History and Analysis
Debt Level: KUT's debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: KUT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KUT's debt is well covered by operating cash flow (43.5%).
Interest Coverage: KUT's interest payments on its debt are well covered by EBIT (6x coverage).
Balance Sheet
Inventory Level: KUT has a high level of physical assets or inventory.
Debt Coverage by Assets: KUT's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is RediShred Capital's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KUT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate KUT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KUT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KUT'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 KUT'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?
6.6yrs
Average management tenure
CEO
Jeff Hasham (47yo)
8.92s
Tenure
CA$330,980
Compensation
Mr. Jeffrey I. Hasham, also known as Jeff, CPA, CA has been the Chief Executive Officer and President of RediShred Capital Corp. since April 1, 2011 and January 15, 2014 respectively and serves as its Secr ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD235.18K) is above average for companies of similar size in the Canadian market ($USD158.04K).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.92yrs | CA$330.98k | 1.0% CA$344.2k | |
| CFO & Secretary | 8.92yrs | CA$227.43k | 0.019% CA$6.7k | |
| Senior Vice President of Performance & Operations | 4.33yrs | CA$168.56k | no data | |
| Senior VP of Corporate Development | 3.42yrs | CA$161.21k | no data | |
| Vice President of Marketing | no data | no data | no data |
6.6yrs
Average Tenure
Experienced Management: KUT's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.92yrs | CA$330.98k | 1.0% CA$344.2k | |
| Independent Director | 13.42yrs | CA$7.00k | 2.66% CA$920.2k | |
| Independent Director | 10.25yrs | CA$8.00k | 2.88% CA$994.9k | |
| Independent Director | 13.42yrs | CA$9.00k | 2.56% CA$885.6k | |
| Independent Chairman of the Board | 1.42yrs | CA$12.00k | 2.71% CA$936.1k | |
| Non-Independent Director | 13.42yrs | CA$9.50k | 2.07% CA$713.8k | |
| Independent Director | 13.42yrs | CA$14.00k | 1.78% CA$615.0k | |
| Independent Director | 12.75yrs | CA$15.00k | 0.99% CA$342.1k |
13.1yrs
Average Tenure
56.5yo
Average Age
Experienced Board: KUT's board of directors are seasoned and experienced ( 13.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.5%.
Top Shareholders
Company Information
RediShred Capital Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: RediShred Capital Corp.
- Ticker: KUT
- Exchange: TSXV
- Founded: 2006
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: CA$34.540m
- Shares outstanding: 78.50m
- Website: https://www.proshred.com/redishred
Location
- RediShred Capital Corp.
- 6505 Mississauga Road
- Suite A
- Mississauga
- Ontario
- L5N 1A6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KUT | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 2007 |
| RDCP.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 2007 |
Biography
RediShred Capital Corp., through its subsidiaries, provides onsite shredding services under the Proshred brand in the United States and internationally. The company grants and manages shredding business franchises under the Proshred trademark; operates in corporate shredding businesses; and supports the franchises. RediShred Capital Corp. was incorporated in 2006 and is headquartered in Mississauga, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 02:12 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.