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PKT

Parkit EnterpriseTSXV:PKT Stock Report

Market Cap

CA$322.4m

7D

-6.1%

1Y

150.9%

Updated

07 Dec, 2021

Data

Company Financials +
PKT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends0/6

PKT Stock Overview

Parkit Enterprise Inc. is a real estate investment firm specializing in acquisition and operation of income-producing parking facilities.

Price History & Performance

Summary of all time highs, changes and price drops for Parkit Enterprise
Historical stock prices
Current Share PriceCA$1.38
52 Week HighCA$1.85
52 Week LowCA$0.50
Beta2.14
1 Month Change-8.00%
3 Month Change-16.36%
1 Year Change150.91%
3 Year Change392.86%
5 Year Change411.11%
Change since IPO-77.00%

Recent News & Updates

Shareholder Returns

PKTCA Commercial ServicesCA Market
7D-6.1%-5.3%-1.3%
1Y150.9%21.0%19.4%

Return vs Industry: PKT exceeded the Canadian Commercial Services industry which returned 20.7% over the past year.

Return vs Market: PKT exceeded the Canadian Market which returned 18.4% over the past year.

Price Volatility

Is PKT's price volatile compared to industry and market?
PKT volatility
PKT Average Weekly Movement3.3%
Commercial Services Industry Average Movement5.9%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.6%

Stable Share Price: PKT is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PKT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aIqbal Khanhttps://www.parkitenterprise.com

Parkit Enterprise Inc. is a real estate investment firm specializing in acquisition and operation of income-producing parking facilities. The firm seeks to invest in the United States. Parkit Enterprise Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Parkit Enterprise Fundamentals Summary

How do Parkit Enterprise's earnings and revenue compare to its market cap?
PKT fundamental statistics
Market CapCA$322.38m
Earnings (TTM)-CA$9.41m
Revenue (TTM)n/a

-884.6x

P/S Ratio

-34.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PKT income statement (TTM)
Revenue-CA$364.63k
Cost of RevenueCA$35.84k
Gross Profit-CA$400.47k
ExpensesCA$9.01m
Earnings-CA$9.41m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.04
Gross Margin109.83%
Net Profit Margin2,580.29%
Debt/Equity Ratio77.0%

How did PKT perform over the long term?

See historical performance and comparison

Valuation

Is Parkit Enterprise undervalued compared to its fair value and its price relative to the market?

6.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PKT (CA$1.38) is trading below our estimate of fair value (CA$1.47)

Significantly Below Fair Value: PKT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PKT is unprofitable, so we can't compare its PE Ratio to the Canadian Commercial Services industry average.

PE vs Market: PKT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PKT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PKT is overvalued based on its PB Ratio (9.6x) compared to the CA Commercial Services industry average (2.4x).


Future Growth

How is Parkit Enterprise forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

38.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PKT's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if PKT's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PKT's revenue (38.3% per year) is forecast to grow faster than the Canadian market (5.3% per year).

High Growth Revenue: PKT's revenue (38.3% 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 PKT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Parkit Enterprise performed over the past 5 years?

-67.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PKT is currently unprofitable.

Growing Profit Margin: PKT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PKT is unprofitable, and losses have increased over the past 5 years at a rate of 67.5% per year.

Accelerating Growth: Unable to compare PKT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PKT is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (1.7%).


Return on Equity

High ROE: PKT has a negative Return on Equity (-27.93%), as it is currently unprofitable.


Financial Health

How is Parkit Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: PKT's short term assets (CA$9.5M) exceed its short term liabilities (CA$544.0K).

Long Term Liabilities: PKT's short term assets (CA$9.5M) do not cover its long term liabilities (CA$26.1M).


Debt to Equity History and Analysis

Debt Level: PKT's net debt to equity ratio (49.8%) is considered high.

Reducing Debt: Insufficient data to determine if PKT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PKT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if PKT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Parkit Enterprise current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PKT'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 PKT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PKT'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 PKT'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?

0.5yrs

Average management tenure


CEO

Iqbal Khan

0.50

Tenure

Mr. Iqbal Khan serves as Director at Parkit Enterprise Inc. since December 29, 2020 and also serves as its Chief Executive Officer since June 28, 2021. Mr. Khan has been the Chief Financial Officer at Stor...


Leadership Team

Experienced Management: PKT's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: PKT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 570.3%.


Top Shareholders

Company Information

Parkit Enterprise Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Parkit Enterprise Inc.
  • Ticker: PKT
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: CA$322.383m
  • Shares outstanding: 233.61m
  • Website: https://www.parkitenterprise.com

Location

  • Parkit Enterprise Inc.
  • 666 Burrard
  • Suite 500
  • Vancouver
  • British Columbia
  • V6C 2X8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:31
End of Day Share Price2021/12/06 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.