company background image
LOCL

Freshlocal Solutions TSX:LOCL Stock Report

Last Price

CA$0.17

Market Cap

CA$7.3m

7D

-48.4%

1Y

-96.0%

Updated

18 May, 2022

Data

Company Financials +
LOCL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health0/6
Dividends0/6

LOCL Stock Overview

Freshlocal Solutions Inc. provides end-to-end grocery e-commerce solutions.

Freshlocal Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Freshlocal Solutions
Historical stock prices
Current Share PriceCA$0.17
52 Week HighCA$4.45
52 Week LowCA$0.17
Beta0
1 Month Change-58.23%
3 Month Change-71.55%
1 Year Change-96.02%
3 Year Changen/a
5 Year Changen/a
Change since IPO-97.30%

Recent News & Updates

Shareholder Returns

LOCLCA Consumer RetailingCA Market
7D-48.4%1.8%2.8%
1Y-96.0%32.7%5.9%

Return vs Industry: LOCL underperformed the Canadian Consumer Retailing industry which returned 32.7% over the past year.

Return vs Market: LOCL underperformed the Canadian Market which returned 5.9% over the past year.

Price Volatility

Is LOCL's price volatile compared to industry and market?
LOCL volatility
LOCL Average Weekly Movement23.3%
Consumer Retailing Industry Average Movement4.4%
Market Average Movement9.8%
10% most volatile stocks in CA Market16.7%
10% least volatile stocks in CA Market4.2%

Stable Share Price: LOCL is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: LOCL's weekly volatility has increased from 16% to 23% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997950Simon Cairnshttps://ir.freshlocalsolutions.com

Freshlocal Solutions Inc. provides end-to-end grocery e-commerce solutions. The company operates Food-X Technologies, an end-to-end SaaS-based eGrocery Management Solution, which is designed to meet the needs of large and small grocery retailers. It also engages in the eGrocery business that delivers fresh, local, and organic produce and groceries.

Freshlocal Solutions Fundamentals Summary

How do Freshlocal Solutions's earnings and revenue compare to its market cap?
LOCL fundamental statistics
Market CapCA$7.25m
Earnings (TTM)-CA$31.46m
Revenue (TTM)CA$129.87m

0.1x

P/S Ratio

-0.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOCL income statement (TTM)
RevenueCA$129.87m
Cost of RevenueCA$82.27m
Gross ProfitCA$47.60m
Other ExpensesCA$79.07m
Earnings-CA$31.46m

Last Reported Earnings

Jan 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.72
Gross Margin36.65%
Net Profit Margin-24.23%
Debt/Equity Ratio-346.7%

How did LOCL perform over the long term?

See historical performance and comparison

Valuation

Is Freshlocal Solutions undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

In this section, we usually try to help investors determine whether Freshlocal Solutions is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Freshlocal Solutions has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


81.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOCL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: LOCL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LOCL's is expected to become profitable in the next 3 years.

Revenue vs Market: LOCL's revenue (12.8% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: LOCL's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LOCL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Freshlocal Solutions 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


-30.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LOCL is currently unprofitable.

Growing Profit Margin: LOCL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LOCL is unprofitable, and losses have increased over the past 5 years at a rate of 30.1% per year.

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

Earnings vs Industry: LOCL is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (10.7%).


Return on Equity

High ROE: LOCL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Freshlocal Solutions's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: LOCL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: LOCL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: LOCL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: LOCL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: LOCL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LOCL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.6% each year


Dividend

What is Freshlocal Solutions's 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 LOCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if LOCL'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 LOCL has not reported any payouts.


Next Steps

Management

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

0.3yrs

Average management tenure


CEO

Simon Cairns (50 yo)

0.42

Tenure

CA$115,380

Compensation

Mr. Simon Cairns serves as Chief Executive Officer of Freshlocal Solutions Inc. since December 14, 2021 and its Director since March 30, 2022. He serves as President at Food-X Technologies Inc. since Sep...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD89.77K) is below average for companies of similar size in the Canadian market ($USD169.50K).

Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.


Leadership Team

Experienced Management: LOCL's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: LOCL's board of directors are not considered experienced ( 0.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Freshlocal Solutions Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Freshlocal Solutions Inc.
  • Ticker: LOCL
  • Exchange: TSX
  • Founded: 1997
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Implied Market Cap: CA$7.253m
  • Shares outstanding: 43.96m
  • Website: https://ir.freshlocalsolutions.com

Number of Employees


Location

  • Freshlocal Solutions Inc.
  • 5566 Trapp Avenue
  • Unit 105
  • Burnaby
  • British Columbia
  • V3N 5G4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/01/01
Annual Earnings2021/10/02


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.