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PTE

Pioneering Technology TSXV:PTE Stock Report

Last Price

CA$0.03

Market Cap

CA$1.7m

7D

0%

1Y

-45.5%

Updated

26 Jun, 2022

Data

Company Financials
PTE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PTE Stock Overview

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.

Pioneering Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pioneering Technology
Historical stock prices
Current Share PriceCA$0.03
52 Week HighCA$0.06
52 Week LowCA$0.025
Beta-2.47
1 Month Change20.00%
3 Month Change0%
1 Year Change-45.46%
3 Year Change-40.00%
5 Year Change-97.20%
Change since IPO-98.50%

Recent News & Updates

Shareholder Returns

PTECA Consumer DurablesCA Market
7D0%-3.0%0.3%
1Y-45.5%-61.6%-4.0%

Return vs Industry: PTE exceeded the Canadian Consumer Durables industry which returned -61.6% over the past year.

Return vs Market: PTE underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is PTE's price volatile compared to industry and market?
PTE volatility
PTE Average Weekly Movementn/a
Consumer Durables Industry Average Movement8.4%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: Insufficient data to determine PTE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine PTE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aKevin Callahanhttps://www.pioneeringtech.com

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 cooking system; SmartBurner, an easy-to-install electric coil replacement; SmartRange, an electric stove shut off solution; SmartElement, a hard-wired electric coil solution; and Smart Micro, a microwave safety solution, as well as Safe-T-Sensor. The company also provides accessories comprising smartburner polish, standard ring replacement set, and low profile ring replacement set.

Pioneering Technology Fundamentals Summary

How do Pioneering Technology's earnings and revenue compare to its market cap?
PTE fundamental statistics
Market CapCA$1.68m
Earnings (TTM)-CA$847.68k
Revenue (TTM)CA$2.48m

0.7x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTE income statement (TTM)
RevenueCA$2.48m
Cost of RevenueCA$1.37m
Gross ProfitCA$1.11m
Other ExpensesCA$1.96m
Earnings-CA$847.68k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.015
Gross Margin44.74%
Net Profit Margin-34.14%
Debt/Equity Ratio0%

How did PTE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PTE?

Other financial metrics that can be useful for relative valuation.

PTE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA-3.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PTE's PS Ratio compare to its peers?

PTE PS Ratio vs Peers
The above table shows the PS ratio for PTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6.3x
IPD International Parkside Products
0.2xn/aCA$990.5k
GYM TUT Fitness Group
15.8xn/aCA$1.7m
POOL Pool Safe
7.1xn/aCA$2.2m
BEAN Peekaboo Beans
1.9xn/aCA$1.6m
PTE Pioneering Technology
0.7xn/aCA$1.7m

Price-To-Sales vs Peers: PTE is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (6.3x).


Price to Earnings Ratio vs Industry

How does PTE's PE Ratio compare vs other companies in the North American Consumer Durables Industry?

Price-To-Sales vs Industry: PTE is good value based on its Price-To-Sales Ratio (0.7x) compared to the Canadian Consumer Durables industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is PTE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PTE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PTE's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PTE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PTE's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.6%

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.


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  • 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.

Past Performance

How has Pioneering Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.9%

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 14.9% 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 (39.2%).


Return on Equity

High ROE: PTE has a negative Return on Equity (-24.38%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Pioneering Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PTE's short term assets (CA$4.1M) exceed its short term liabilities (CA$989.8K).

Long Term Liabilities: PTE's short term assets (CA$4.1M) exceed its long term liabilities (CA$1.5M).


Debt to Equity History and Analysis

Debt Level: PTE is debt free.

Reducing Debt: PTE has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.


Balance Sheet


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 3 years based on its current free cash flow.

Forecast Cash Runway: PTE has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 1.2% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate PTE'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 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PTE has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

14.0yrs

Average management tenure


CEO

Kevin Callahan

19.75yrs

Tenure

CA$225,000

Compensation

Mr. Kevin R. Callahan has been Chief Executive Officer of Pioneering Technology Corp. since September 2002 and serves as its Interim Chief Financial Officer since January 28, 2021 and served as its Preside...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD174.19K) is about average for companies of similar size in the Canadian market ($USD175.18K).

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


Leadership Team

Experienced Management: PTE's management team is seasoned and experienced (14 years average tenure).


Board Members

Experienced Board: PTE's board of directors are seasoned and experienced ( 13.5 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 employee growth, exchange listings and data sources


Key Information

  • Name: Pioneering Technology Corp.
  • Ticker: PTE
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Implied 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.