TSXV:PTE

Stock Analysis Report

Executive Summary

Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention solutions in Canada and the United States.

Risk Analysis

Earnings have declined by -41.51% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$2M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Pioneering Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-14.3%

PTE

1.7%

CA Consumer Durables

0.6%

CA Market


1 Year Return

-66.7%

PTE

35.1%

CA Consumer Durables

5.8%

CA Market

Return vs Industry: PTE underperformed the Canadian Consumer Durables industry which returned 35.1% over the past year.

Return vs Market: PTE underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

PTEIndustryMarket
7 Day-14.3%1.7%0.6%
30 Day-14.3%4.3%0.5%
90 Day-25.0%8.2%3.6%
1 Year-66.7%-66.7%37.0%35.1%9.1%5.8%
3 Year-97.8%-97.8%36.6%30.3%15.4%5.0%
5 Year-76.9%-76.9%39.2%29.8%33.6%14.0%

Price Volatility Vs. Market

How volatile is Pioneering Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pioneering Technology undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PTE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PTE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PTE is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: PTE 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 PTE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PTE is good value based on its PB Ratio (0.3x) compared to the XN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Pioneering Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.0%

Forecasted Consumer Durables 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 Pioneering Technology 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 Pioneering Technology performed over the past 5 years?

-41.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTE is currently unprofitable.

Growing Profit Margin: PTE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PTE is unprofitable, and losses have increased over the past 5 years at a rate of -41.5% per year.

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

Earnings vs Industry: PTE is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (9.1%).


Return on Equity

High ROE: PTE has a negative Return on Equity (-61.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pioneering Technology's financial position?


Financial Position Analysis

Short Term Liabilities: PTE's short term assets (CA$6.7M) exceed its short term liabilities (CA$1.0M).

Long Term Liabilities: PTE's short term assets (CA$6.7M) exceed its long term liabilities (CA$353.6K).


Debt to Equity History and Analysis

Debt Level: PTE is debt free.

Reducing Debt: PTE currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: PTE has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PTE's debt is covered by short term assets.


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.

Stable Cash Runway: PTE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PTE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -35.4% each year


Next Steps

Dividend

What is Pioneering Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.8yrs

Average management tenure


CEO

Kevin Callahan 0

17.4yrs

Tenure

CA$337,500

Compensation

Mr. Kevin R. Callahan has been Chief Executive Officer of Pioneering Technology Corp. since September 2002 and served as its President. Mr. Callahan served as Interim Chief Financial Officer of Pioneering ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD254.68K) is above average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Callahan
CEO & Director17.4yrsCA$337.50k2.26% CA$37.9k
Dan MacDonald
President & Acting CFO2.8yrsCA$215.00kno data
Michael Quast
Vice-President of Marketing & Communications2.5yrsCA$150.00kno data
Tim Mulroney
Vice President of Sales0.08yrsno datano data
Earl Diment
Chief Safety Officer11.7yrsno datano data

2.8yrs

Average Tenure

Experienced Management: PTE's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Callahan
CEO & Director17.4yrsCA$337.50k2.26% CA$37.9k
Michael Kraft
Independent Director25.6yrsCA$500.00no data
Paul Harricks
Independent Director16.3yrsCA$2.25k0.26% CA$4.3k
Richard Adair
Independent Director8.9yrsCA$2.00k2.81% CA$47.2k
John Bergsma
Independent Chairman9yrsCA$2.25k0.98% CA$16.5k
David Dueck
Independent Director10.8yrsCA$1.25k0.21% CA$3.6k
Meredith Appy
Independent Director8.9yrsCA$1.00k0.071% CA$1.2k

10.8yrs

Average Tenure

56yo

Average Age

Experienced Board: PTE's board of directors are seasoned and experienced ( 10.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pioneering Technology Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pioneering Technology Corp.
  • Ticker: PTE
  • Exchange: TSXV
  • Founded:
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: CA$1.681m
  • Shares outstanding: 56.04m
  • Website: https://www.pioneeringtech.com

Location

  • Pioneering Technology Corp.
  • 2400 Skymark Avenue
  • Unit 7
  • Mississauga
  • Ontario
  • L4W 5K5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTETSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2006
PTEF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2006
2PXDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2006

Biography

Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention solutions in Canada and the United States. It offers Safe-T-element, a cooking system to prevent stovetop cooking fires on electric coil stoves; SMARTBurner, a plug and play cooking system; Safe-T-Sensor, a product to prevent microwave fires and false alarms; and RangeMinder, an easy to install consumer electronic product for gas and electric smooth top ranges to prevent unattended cooking. The company also provides SMARTRange, an aftermarket product for electric smooth top ranges to alert users to danger through a low frequency alarm, which if not addressed will shut the stove off to help prevent auto-ignition from occurring; and SMARTElement, a cooking system to prevent stovetop cooking fires by regulating the cooking temperature of stovetop. The company licenses, markets, and sells its products and product components to original equipment manufacturers and/or through third party distribution channels. It serves multi-residential, public housing, institutional housing, healthcare, and hospitality sector. Pioneering Technology Corp. is based in Mississauga, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:53
End of Day Share Price2020/02/13 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.