RediShred Capital (TSXV:KUT) - Stock Price, News & Analysis

KUT Stock Overview

Operates the Proshred franchise and license business in the United States.

KUT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 67.2% below our estimate of its fair value

Earnings are forecast to grow 85.8% per year

Analysts in good agreement that stock price will rise by 106.3%

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (CA$56M)

Profit margins (0.8%) are lower than last year (10.3%)

RediShred Capital Corp. Competitors

BQE Water

TSXV:BQE

CA$83.2m

Base Carbon

NEOE:BCBN

CA$54.8m

BioRem

TSXV:BRM

CA$31.4m

Earthworks Industries

TSXV:EWK

CA$19.9m

Price History & Performance

Summary of all time highs, changes and price drops for RediShred Capital
Historical stock prices
Current Share Price	CA$3.07
52 Week High	CA$4.33
52 Week Low	CA$2.32
Beta	1.28
1 Month Change	12.04%
3 Month Change	5.14%
1 Year Change	-19.42%
3 Year Change	-19.21%
5 Year Change	-30.23%
Change since IPO	27.92%

Recent updates

RediShred Capital (CVE:KUT) Might Be Having Difficulty Using Its Capital Effectively

Jul 07

We think RediShred Capital Corp.'s (CVE:KUT) CEO May Struggle To See Much Of A Pay Rise This Year

May 20

RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt

May 17

Here's Why I Think RediShred Capital (CVE:KUT) Might Deserve Your Attention Today

Apr 12

Here's What's Concerning About RediShred Capital's (CVE:KUT) Returns On Capital

Mar 24

Have Insiders Been Buying RediShred Capital Corp. (CVE:KUT) Shares?

Mar 09

At CA$0.77, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

Feb 22

RediShred Capital's (CVE:KUT) Earnings Are Growing But Is There More To The Story?

Feb 07

RediShred Capital Corp.'s (CVE:KUT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Jan 24

Here's Why We Think RediShred Capital (CVE:KUT) Is Well Worth Watching

Jan 11

RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet

Dec 29

Should You Be Impressed By RediShred Capital's (CVE:KUT) Returns on Capital?

Dec 14

RediShred Capital Corp. Just Beat Revenue Estimates By 5.7%

Nov 29

How Much Are RediShred Capital Corp. (CVE:KUT) Insiders Spending On Buying Shares?

Nov 24

Is RediShred Capital Corp. (CVE:KUT) Trading At A 20% Discount?

Aug 11

Is Now The Time To Look At Buying RediShred Capital Corp. (CVE:KUT)?

Jul 29

RediShred Capital Corp.'s (CVE:KUT) Share Price Not Quite Adding Up

Jul 16

Shareholder Returns

	KUT	CA Commercial Services	CA Market
7D	2.7%	-3.4%	-1.9%
1Y	-19.4%	-5.9%	12.2%

Return vs Industry: KUT underperformed the Canadian Commercial Services industry which returned -5.2% over the past year.

Return vs Market: KUT underperformed the Canadian Market which returned 13% over the past year.

Price Volatility

Is KUT's price volatile compared to industry and market?
KUT volatility
KUT Average Weekly Movement	6.4%
Commercial Services Industry Average Movement	5.5%
Market Average Movement	8.8%
10% most volatile stocks in CA Market	17.4%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: KUT has not had significant price volatility in the past 3 months.

Volatility Over Time: KUT's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Jeff Hasham	www.proshred.com/redishred/

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations.

RediShred Capital Corp. Fundamentals Summary

How do RediShred Capital's earnings and revenue compare to its market cap?
KUT fundamental statistics
Market cap	CA$56.19m
Earnings (TTM)	CA$522.00k
Revenue (TTM)	CA$66.11m

107.6x

P/E Ratio

0.8x

P/S Ratio

Is KUT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KUT income statement (TTM)
Revenue	CA$66.11m
Cost of Revenue	CA$41.17m
Gross Profit	CA$24.94m
Other Expenses	CA$24.42m
Earnings	CA$522.00k

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.029
Gross Margin	37.73%
Net Profit Margin	0.79%
Debt/Equity Ratio	62.5%

How did KUT perform over the long term?

See historical performance and comparison

KUT Stock Overview

Rewards

Risk Analysis

RediShred Capital Corp. Competitors

TSXV:BQE

CA$83.2m

NEOE:BCBN

CA$54.8m

TSXV:BRM

CA$31.4m

TSXV:EWK

CA$19.9m

Price History & Performance

Recent News & Updates

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

RediShred Capital Corp. to Report Q1, 2024 Results on May 28, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

RediShred Capital Corp. to Report Q4, 2023 Results on Apr 24, 2024

Price target decreased by 13% to CA$6.33

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Recent updates

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

RediShred Capital Corp. to Report Q1, 2024 Results on May 28, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

RediShred Capital Corp. to Report Q4, 2023 Results on Apr 24, 2024

Price target decreased by 13% to CA$6.33

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Is RediShred Capital (CVE:KUT) Using Too Much Debt?

Investor sentiment improves as stock rises 17%

RediShred Capital Corp. to Report Q3, 2023 Results on Nov 23, 2023

Is Now An Opportune Moment To Examine RediShred Capital Corp. (CVE:KUT)?

Now 20% undervalued after recent price drop

RediShred Capital Corp. (TSXV:KUT) acquired PROSHRED Baltimore from Martin and Karen Fisher for $4 million.

RediShred Capital Corp. (TSXV:KUT) acquired Security Shredding.

Consensus EPS estimates fall from profit to CA$0.005 loss

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS misses analyst expectations

RediShred Capital Corp. to Report Q2, 2023 Results on Aug 24, 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

RediShred Capital Corp. to Report Q1, 2023 Results on May 25, 2023

Now 23% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Consensus EPS estimates increase by 65%

Price target decreased to CA$7.56

Third quarter 2022 earnings: EPS exceeds analyst expectations

RediShred Capital Corp. to Report Q3, 2022 Results on Nov 29, 2022

Insufficient new directors

Consensus revenue estimates increase by 12%

What Is RediShred Capital Corp.'s (CVE:KUT) Share Price Doing?

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

RediShred Capital Corp. to Report Q2, 2022 Results on Aug 25, 2022

RediShred Capital Corp. (TSXV:KUT) acquired assets and clients of Safeguard Document Destruction located in New Jersey and Fort Lauderdale.

First quarter 2022 earnings released: EPS: CA$0.003 (vs CA$0.012 in 1Q 2021)

RediShred Capital Corp. to Report Q1, 2022 Results on May 26, 2022

At CA$0.71, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

Insufficient new directors

RediShred Capital Corp. to Report Q4, 2021 Results on Apr 21, 2022

Independent Director recently bought CA$100k worth of stock

RediShred Capital Corp. has completed a Follow-on Equity Offering in the amount of CAD 7.502 million.

RediShred Capital Corp. (TSXV:KUT) acquired American Security Shredding Corp for $8.6 million.

Does RediShred Capital (CVE:KUT) Have A Healthy Balance Sheet?

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.008 loss in 2Q 2020)

RediShred Capital Corp. (TSXV:KUT) completed the acquisition of Proshred Atlanta Business for $2.9 million.

Price target increased to CA$1.06

RediShred Capital (CVE:KUT) Might Be Having Difficulty Using Its Capital Effectively

Independent Director recently bought CA$106k worth of stock

First quarter 2021 earnings released: EPS CA$0.012 (vs CA$0.047 in 1Q 2020)

We think RediShred Capital Corp.'s (CVE:KUT) CEO May Struggle To See Much Of A Pay Rise This Year

RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt

RediShred Capital Corp. (TSXV:KUT) acquired Proshred Richmond Business from its franchisee for $1.5 million.

Full year 2020 earnings released: EPS CA$0.004 (vs CA$0.011 loss in FY 2019)

Here's Why I Think RediShred Capital (CVE:KUT) Might Deserve Your Attention Today

Here's What's Concerning About RediShred Capital's (CVE:KUT) Returns On Capital

Have Insiders Been Buying RediShred Capital Corp. (CVE:KUT) Shares?