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RediShred Capital

TSXV:KUT
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KUT
TSXV
CA$55M
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

RediShred Capital Corp., through its subsidiaries, provides onsite shredding services under the Proshred brand in the United States and internationally. The last earnings update was 7 days ago. More info.


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KUT Share Price and Events
7 Day Returns
-3.5%
TSXV:KUT
-1.1%
CA Commercial Services
0.8%
CA Market
1 Year Returns
39%
TSXV:KUT
-19.2%
CA Commercial Services
3.9%
CA Market
KUT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RediShred Capital (KUT) -3.5% 12.3% 24.2% 39% 228% 1950%
CA Commercial Services -1.1% 0.7% -5.2% -19.2% 0.3% -49%
CA Market 0.8% 2.3% 7.8% 3.9% 15.4% 7.5%
1 Year Return vs Industry and Market
  • KUT outperformed the Commercial Services industry which returned -19.2% over the past year.
  • KUT outperformed the Market in Canada which returned 3.9% over the past year.
Price Volatility
KUT
Industry
5yr Volatility vs Market

KUT Value

 Is RediShred Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RediShred Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RediShred Capital.

TSXV:KUT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:KUT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 26.5%) (9.52%))
0.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.873 * 5.96%)
7.15%

Discounted Cash Flow Calculation for TSXV:KUT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RediShred Capital is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:KUT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.15%)
2019 2.20 Analyst x1 2.05
2020 2.90 Analyst x1 2.53
2021 3.47 Est @ 19.76% 2.82
2022 3.97 Est @ 14.42% 3.01
2023 4.40 Est @ 10.68% 3.11
2024 4.75 Est @ 8.06% 3.14
2025 5.05 Est @ 6.22% 3.11
2026 5.30 Est @ 4.94% 3.05
2027 5.51 Est @ 4.04% 2.96
2028 5.70 Est @ 3.41% 2.86
Present value of next 10 years cash flows CA$28.65
TSXV:KUT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$5.70 × (1 + 1.95%) ÷ (7.15% – 1.95%)
CA$111.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$111.70 ÷ (1 + 7.15%)10
CA$56.00
TSXV:KUT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$28.65 + CA$56.00
CA$84.65
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$84.65 / 66.56
CA$1.27
TSXV:KUT Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.27
Current discount Discount to share price of CA$0.82
= -1 x (CA$0.82 - CA$1.27) / CA$1.27
35.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RediShred Capital is available for.
Intrinsic value
36%
Share price is CA$0.82 vs Future cash flow value of CA$1.27
Current Discount Checks
For RediShred Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RediShred Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RediShred Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RediShred Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RediShred Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:KUT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.05
TSXV:KUT Share Price ** TSXV (2019-04-18) in CAD CA$0.82
Canada Commercial Services Industry PE Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 16.85x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 15.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RediShred Capital.

TSXV:KUT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:KUT Share Price ÷ EPS (both in CAD)

= 0.82 ÷ 0.05

16.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RediShred Capital is good value based on earnings compared to the CA Commercial Services industry average.
  • RediShred Capital is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does RediShred Capital's expected growth come at a high price?
Raw Data
TSXV:KUT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.3%per year
North America Commercial Services Industry PEG Ratio Median Figure of 36 Publicly-Listed Commercial Services Companies 1.65x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for RediShred Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RediShred Capital's assets?
Raw Data
TSXV:KUT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.30
TSXV:KUT Share Price * TSXV (2019-04-18) in CAD CA$0.82
Canada Commercial Services Industry PB Ratio Median Figure of 20 Publicly-Listed Commercial Services Companies 1.65x
Canada Market PB Ratio Median Figure of 2,379 Publicly-Listed Companies 1.5x
TSXV:KUT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:KUT Share Price ÷ Book Value per Share (both in CAD)

= 0.82 ÷ 0.30

2.74x

* Primary Listing of RediShred Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RediShred Capital is overvalued based on assets compared to the CA Commercial Services industry average.
X
Value checks
We assess RediShred Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. RediShred Capital has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KUT Future Performance

 How is RediShred Capital expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover RediShred Capital, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RediShred Capital expected to grow at an attractive rate?
  • RediShred Capital's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • RediShred Capital's earnings growth is positive but not above the Canada market average.
  • RediShred Capital's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSXV:KUT Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:KUT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.3%
TSXV:KUT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 20.2%
Canada Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 60.6%
Canada Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:KUT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:KUT Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 22 2
2019-12-31 21 1
TSXV:KUT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 15 3 3
2018-09-30 13 3 2
2018-06-30 12 3 2
2018-03-31 12 2 1
2017-12-31 11 2 1
2017-09-30 11 2 0
2017-06-30 11 2 0
2017-03-31 10 2 1
2016-12-31 10 2 0
2016-09-30 9 1 0
2016-06-30 9 2 0
2016-03-31 8 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RediShred Capital's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • RediShred Capital's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:KUT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from RediShred Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KUT Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
TSXV:KUT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 0.01
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.00
2016-06-30 0.01
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RediShred Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RediShred Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RediShred Capital has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KUT Past Performance

  How has RediShred Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RediShred Capital's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RediShred Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • RediShred Capital's 1-year earnings growth exceeds its 5-year average (232.1% vs 37.6%)
  • RediShred Capital's earnings growth has exceeded the CA Commercial Services industry average in the past year (232.1% vs 13.1%).
Earnings and Revenue History
RediShred Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RediShred Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KUT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14.66 2.71 3.54
2018-09-30 12.79 2.08 2.70
2018-06-30 12.10 1.71 2.56
2018-03-31 11.72 0.91 2.61
2017-12-31 11.34 0.82 2.43
2017-09-30 10.93 0.19 2.55
2017-06-30 10.51 0.34 2.50
2017-03-31 9.89 0.63 2.23
2016-12-31 9.60 0.17 2.19
2016-09-30 9.35 0.08 2.32
2016-06-30 8.90 0.37 2.22
2016-03-31 8.25 0.21 2.11
2015-12-31 7.68 0.89 1.98
2015-09-30 7.14 1.11 1.73
2015-06-30 6.74 0.81 1.71
2015-03-31 6.46 0.71 1.64
2014-12-31 6.17 0.24 1.64
2014-09-30 5.83 0.60 1.55
2014-06-30 5.72 0.32 1.84
2014-03-31 5.24 0.32 1.81
2013-12-31 4.67 -0.04 1.78
2013-09-30 4.38 -1.47 2.36
2013-06-30 3.99 -1.85 2.02
2013-03-31 3.90 -2.20 2.17
2012-12-31 4.08 -2.80 2.49
2012-09-30 4.22 -1.41 2.85
2012-06-30 3.91 -1.13 2.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RediShred Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RediShred Capital used its assets more efficiently than the CA Commercial Services industry average last year based on Return on Assets.
  • RediShred Capital's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RediShred Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RediShred Capital has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KUT Health

 How is RediShred Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RediShred Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RediShred Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RediShred Capital's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RediShred Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RediShred Capital Company Filings, last reported 3 months ago.

TSXV:KUT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 19.95 5.20 8.83
2018-09-30 18.52 3.53 12.31
2018-06-30 8.03 3.59 1.82
2018-03-31 7.24 3.55 2.39
2017-12-31 6.69 3.79 2.25
2017-09-30 6.02 4.06 1.80
2017-06-30 6.03 4.55 1.57
2017-03-31 5.81 4.17 1.58
2016-12-31 0.52 8.11 1.05
2016-09-30 0.42 8.23 0.90
2016-06-30 0.32 8.08 0.58
2016-03-31 0.14 8.02 0.56
2015-12-31 0.53 8.70 0.85
2015-09-30 0.62 8.34 0.92
2015-06-30 0.21 8.57 0.54
2015-03-31 0.13 8.30 0.31
2014-12-31 -0.37 8.53 0.37
2014-09-30 -0.48 8.88 0.56
2014-06-30 -0.56 8.47 0.35
2014-03-31 -0.49 8.63 0.35
2013-12-31 -0.57 8.67 0.35
2013-09-30 -1.02 8.35 0.48
2013-06-30 -0.81 7.10 0.22
2013-03-31 -0.73 7.12 0.52
2012-12-31 -0.47 7.05 0.53
2012-09-30 0.44 6.52 0.15
2012-06-30 1.04 6.07 0.26
  • RediShred Capital's level of debt (26.1%) compared to net worth is satisfactory (less than 40%).
  • RediShred Capital had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (56.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.6x coverage).
X
Financial health checks
We assess RediShred Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RediShred Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KUT Dividends

 What is RediShred Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from RediShred Capital dividends.
If you bought CA$2,000 of RediShred Capital shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate RediShred Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RediShred Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:KUT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
North America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:KUT Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as RediShred Capital has not reported any payouts.
  • Unable to verify if RediShred Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RediShred Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RediShred Capital 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.
X
Income/ dividend checks
We assess RediShred Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RediShred Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RediShred Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KUT Management

 What is the CEO of RediShred Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Hasham
COMPENSATION CA$324,883
AGE 46
TENURE AS CEO 8 years
CEO Bio

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 Secretary. Mr. Hasham served as the Chief Financial Officer of RediShred Capital Corp. from March 2008 to March 31, 2011. Mr. Hasham served as Chief Executive Officer of Proshred Franchising Corp. Mr. Hasham served as the Vice President of Finance at Proshred Franchising Corp. since March 2005. From 2004 to 2005, Mr. Hasham served as a Vice President of Finance of World Vintners Inc., in Markham, Ontario, Canada. From 2002 to 2004, Mr. Hasham served as the Chief Financial Officer of Mini-Tankers USA, Inc. in Mississauga, Ontario, Canada. He has been a Director of RediShred Capital Corp. since April 1, 2011. Mr. Hasham received his MBA degree from McMaster University in 1996 and his CA designation in 1999.

CEO Compensation
  • Jeff's compensation has increased by more than 20% in the past year.
  • Jeff's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the RediShred Capital management team in years:

5.7
Average Tenure
  • The average tenure for the RediShred Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Hasham

TITLE
CEO, President & Director
COMPENSATION
CA$325K
AGE
46
TENURE
8 yrs

Kasia Pawluk

TITLE
CFO & Secretary
COMPENSATION
CA$203K
TENURE
8 yrs

Ron Gable

TITLE
Senior Vice President of Performance & Operations
COMPENSATION
CA$163K
TENURE
3.4 yrs

Jack Pulkinen

TITLE
Senior VP of Corporate Development
COMPENSATION
CA$161K
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the RediShred Capital board of directors in years:

12.5
Average Tenure
55.5
Average Age
  • The average tenure for the RediShred Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jeff Hasham

TITLE
CEO, President & Director
COMPENSATION
CA$325K
AGE
46
TENURE
8 yrs

Robert Richardson

TITLE
Independent Director
COMPENSATION
CA$4K
AGE
56
TENURE
12.5 yrs

Mark MacMillan

TITLE
Director
COMPENSATION
CA$3K
AGE
54
TENURE
12.5 yrs

Brad Foster

TITLE
Independent Director
COMPENSATION
CA$6K
AGE
46
TENURE
11.8 yrs

James Lawley

TITLE
Independent Director
COMPENSATION
CA$4K
AGE
59
TENURE
12.5 yrs

Phillip Gaunce

TITLE
Independent Director
COMPENSATION
CA$4K
AGE
55
TENURE
12.5 yrs

Robert Crozier

TITLE
Independent Director
COMPENSATION
CA$5K
AGE
59
TENURE
12.5 yrs

Robert Kay

TITLE
Independent Director
COMPENSATION
CA$3K
AGE
81
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Jul 18 Buy James Lawley Individual 26. Jul 18 26. Jul 18 41,600 CA$0.60 CA$24,960
X
Management checks
We assess RediShred Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RediShred Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KUT News

Simply Wall St News

Introducing RediShred Capital (CVE:KUT), The Stock That Rocketed 1725% In The Last Five Years

It's also good to see the share price up 16% over the last quarter. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Indeed, the RediShred Capital share price has gained 240% in three years.

Simply Wall St -

Boasting A 21% Return On Equity, Is RediShred Capital Corp (CVE:KUT) A Top Quality Stock?

RediShred Capital has a ROE of 21%, based on the last twelve months. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Did RediShred Capital Corp's (CVE:KUT) 12.59% ROE Fare Against The Industry?

and want to begin learning the link between company’s fundamentals and stock market performance. … This can be measured by looking at the company’s financial leverage. … Peeling the layers of ROE – trisecting a company’s profitability

Simply Wall St -

Is RediShred Capital Corp's (CVE:KUT) PE Ratio A Signal To Sell For Investors?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in RediShred Capital Corp (CVE:KUT). … RediShred Capital Corp (CVE:KUT) trades with a trailing P/E of 34.3x, which is higher than the industry average of 29.1x.

Simply Wall St -

Where RediShred Capital Corp (CVE:KUT) Stands In Terms Of Earnings Growth Against Its Industry

Today I will examine RediShred Capital Corp's (CVE:KUT) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of KUT's industry performed. … How Did KUT's Recent Performance Stack Up Against Its Past. … KUT recently turned a profit of CA$911.11k (most recent trailing twelve-months) compared to its average loss of -CA$166.44k over the past five years

Simply Wall St -

KUT Company Info

Description

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.

Details
Name: RediShred Capital Corp.
KUT
Exchange: TSXV
Founded: 2006
CA$54,580,106
66,561,105
Website: http://www.proshred.com
Address: RediShred Capital Corp.
6505 Mississauga Road,
Suite A,
Mississauga,
Ontario, L5N 1A6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV KUT Common Shares TSX Venture Exchange CA CAD 05. Sep 2007
Number of employees
Current staff
Staff numbers
0
RediShred Capital employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:01
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.