TSXV:SIQ

Stock Analysis Report

SiQ Mountain Industries

Executive Summary

SiQ Mountain Industries Inc. focuses on the design, engineering, production, marketing, distribution, and sale of various proprietary outdoor sports entertainment products in Canada and internationally.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has SiQ Mountain Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SIQ

-2.7%

CA Leisure

-1.5%

CA Market


1 Year Return

-40.0%

SIQ

-1.1%

CA Leisure

2.5%

CA Market

Return vs Industry: SIQ underperformed the Canadian Leisure industry which returned 2.2% over the past year.

Return vs Market: SIQ underperformed the Canadian Market which returned 4.5% over the past year.


Shareholder returns

SIQIndustryMarket
7 Day0%-2.7%-1.5%
30 Day28.6%-5.7%-0.7%
90 Dayn/a-8.2%1.8%
1 Year-40.0%-40.0%0.4%-1.1%5.7%2.5%
3 Yearn/a-7.3%-11.6%16.8%6.2%
5 Yearn/a-5.8%-14.7%32.0%12.8%

Price Volatility Vs. Market

How volatile is SiQ Mountain Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SiQ Mountain Industries undervalued compared to its fair value and its price relative to the market?

5.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SIQ is overvalued based on its PB Ratio (5.6x) compared to the XN Leisure industry average (2.8x).


Next Steps

Future Growth

How is SiQ Mountain Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.1%

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 SiQ Mountain Industries 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 SiQ Mountain Industries performed over the past 5 years?

-58.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIQ is currently unprofitable.

Growing Profit Margin: SIQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIQ is unprofitable, and losses have increased over the past 5 years at a rate of -58.8% per year.

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

Earnings vs Industry: SIQ is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-7.9%).


Return on Equity

High ROE: SIQ has a negative Return on Equity (-233.89%), as it is currently unprofitable.


Next Steps

Financial Health

How is SiQ Mountain Industries's financial position?


Financial Position Analysis

Short Term Liabilities: SIQ's short term assets (CA$143.4K) do not cover its short term liabilities (CA$164.3K).

Long Term Liabilities: SIQ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SIQ is debt free.

Reducing Debt: SIQ has not had any debt for past 5 years.


Balance Sheet

Inventory Level: SIQ has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SIQ'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: SIQ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SIQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of -55.3% each year


Next Steps

Dividend

What is SiQ Mountain Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.8yrs

Average management tenure


CEO

Peter Hughes (58yo)

3.8yrs

Tenure

CA$93,022

Compensation

Mr. Peter Robert Hughes, B.Sc., has been the Chief Executive Officer at SIQ Mountain Industries, Inc. since May 16, 2016 and serves as its President. Mr. Hughes serves as a Director at Navion Capital Inc.  ...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD70.40K) is below average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Hughes
President3.8yrsCA$93.02k2.71% CA$67.6k
Richard Lee
CFO, Corporate Secretary & Director3.8yrsCA$57.02k2.26% CA$56.3k
Brian McFadden
Chief Operating Officer1yrsno data0.36% CA$9.0k
Gautier Arcouette
Chief Technology Officer0yrsno datano data

3.8yrs

Average Tenure

Experienced Management: SIQ's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Hughes
President3.8yrsCA$93.02k2.71% CA$67.6k
Richard Lee
CFO, Corporate Secretary & Director3.8yrsCA$57.02k2.26% CA$56.3k
Kathy Love
Independent Director3.4yrsCA$45.02k0.42% CA$10.4k
James Bond
Lead Director0yrsCA$57.02k6.03% CA$150.4k

3.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SIQ's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SIQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

SiQ Mountain Industries Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SiQ Mountain Industries Inc.
  • Ticker: SIQ
  • Exchange: TSXV
  • Founded: 2016
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: CA$2.493m
  • Shares outstanding: 27.70m
  • Website: https://www.siqmountain.com

Location

  • SiQ Mountain Industries Inc.
  • 13966 18B Avenue
  • South Surrey
  • British Columbia
  • V4A 8J1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIQTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2017

Biography

SiQ Mountain Industries Inc. focuses on the design, engineering, production, marketing, distribution, and sale of various proprietary outdoor sports entertainment products in Canada and internationally. It offers equipment, accessories, and apparel for men and women under SiQ Rocker and Onewheel brand names. The company was formerly known as Snobro Enterprises Inc. SiQ Mountain Industries Inc. was incorporated in 2016 and is headquartered in South Surrey, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 02:05
End of Day Share Price2020/02/04 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.