Pioneering Technology
Market Cap
CA$1.7m
Last Updated
2020/02/17 00:53 UTC
Data Sources
Company Financials
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
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
| PTE | Industry | Market | |
|---|---|---|---|
| 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
7 hours ago | Simply Wall St
Could The Pioneering Technology Corp. (CVE:PTE) Ownership Structure Tell Us Something Useful?3 weeks ago | Simply Wall St
Pioneering Technology (CVE:PTE) Will Have To Spend Its Cash Wisely1 month ago | Simply Wall St
Does Pioneering Technology Corp.'s (CVE:PTE) CEO Pay Matter?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
- Examine Pioneering Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Pioneering Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 17.4yrs | CA$337.50k | 2.26% CA$37.9k | |
| President & Acting CFO | 2.8yrs | CA$215.00k | no data | |
| Vice-President of Marketing & Communications | 2.5yrs | CA$150.00k | no data | |
| Vice President of Sales | 0.08yrs | no data | no data | |
| Chief Safety Officer | 11.7yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Management: PTE's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 17.4yrs | CA$337.50k | 2.26% CA$37.9k | |
| Independent Director | 25.6yrs | CA$500.00 | no data | |
| Independent Director | 16.3yrs | CA$2.25k | 0.26% CA$4.3k | |
| Independent Director | 8.9yrs | CA$2.00k | 2.81% CA$47.2k | |
| Independent Chairman | 9yrs | CA$2.25k | 0.98% CA$16.5k | |
| Independent Director | 10.8yrs | CA$1.25k | 0.21% CA$3.6k | |
| Independent Director | 8.9yrs | CA$1.00k | 0.071% 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PTE | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Feb 2006 |
| PTEF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Feb 2006 |
| 2PX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:53 |
| End of Day Share Price | 2020/02/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.