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ADL Ventures

TSXV:AVI.P
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVI.P
TSXV
CA$362K
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

ADL Ventures Inc. focuses on identifying and evaluating businesses and assets with a view to completing a qualifying transaction. The last earnings update was 22 days ago. More info.


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AVI.P Share Price and Events
7 Day Returns
0%
TSXV:AVI.P
1%
CA Capital Markets
0.6%
CA Market
1 Year Returns
-
TSXV:AVI.P
-4%
CA Capital Markets
3.6%
CA Market
AVI.P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ADL Ventures (AVI.P) 0% 6.7% - - - -
CA Capital Markets 1% 4.6% 10.5% -4% 12.8% -15.4%
CA Market 0.6% 1.9% 8.1% 3.6% 14.8% 6.7%
1 Year Return vs Industry and Market
  • No trading data on AVI.P.
  • No trading data on AVI.P.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is ADL Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for ADL Ventures. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ADL Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ADL Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:AVI.P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD Not available
TSXV:AVI.P Share Price ** TSXV (2019-03-25) in CAD CA$0.08
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 13.23x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 15.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ADL Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for ADL Ventures, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does ADL Ventures's expected growth come at a high price?
Raw Data
TSXV:AVI.P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.67x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ADL Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ADL Ventures's assets?
Raw Data
TSXV:AVI.P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD Not available
TSXV:AVI.P Share Price * TSXV (2019-03-25) in CAD CA$0.08
Canada Capital Markets Industry PB Ratio Median Figure of 118 Publicly-Listed Capital Markets Companies 1.43x
Canada Market PB Ratio Median Figure of 2,370 Publicly-Listed Companies 1.51x
TSXV:AVI.P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:AVI.P Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ 0.10

0.77x

* Primary Listing of ADL Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ADL Ventures is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess ADL Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. ADL Ventures has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ADL Ventures expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 ADL Ventures 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ADL Ventures expected to grow at an attractive rate?
  • Unable to compare ADL Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ADL Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare ADL Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:AVI.P Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average -2.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:AVI.P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:AVI.P Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ADL Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if ADL Ventures is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:AVI.P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ADL Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:AVI.P Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ADL Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine ADL Ventures'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.
  2. ADL Ventures's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. ADL Ventures's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ADL Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ADL Ventures has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ADL Ventures performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ADL Ventures's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ADL Ventures does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare ADL Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ADL Ventures's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
ADL Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ADL Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:AVI.P Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.18 0.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ADL Ventures has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ADL Ventures has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ADL Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ADL Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ADL Ventures has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ADL Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ADL Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ADL Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ADL Ventures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ADL Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ADL Ventures has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ADL Ventures Company Filings, last reported 3 months ago.

TSXV:AVI.P Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.47 0.00 0.49
  • ADL Ventures has no debt.
  • ADL Ventures has not taken on any debt in the past 5 years.
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.

  • Information is not available.
  • Unable to confirm if ADL Ventures has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess ADL Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ADL Ventures has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ADL Ventures's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ADL Ventures dividends.
If you bought CA$2,000 of ADL Ventures shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ADL Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ADL Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:AVI.P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ADL Ventures has not reported any payouts.
  • Unable to verify if ADL Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ADL Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ADL Ventures has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ADL Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ADL Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ADL Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ADL Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Laurence Rose
AGE 49
CEO Bio

Mr. Laurence Rose served as the Chief Executive Officer of iLOOKABOUT Corp. from September 13, 2016 to December 2017 and served as its Director from October 2016 to December 2017. Mr. Rose served as Senior Managing Director of Cantor Fitzgerald & Co. He served as the Chairman, Chief Executive Officer and President of Cantor Fitzgerald Canada Corporation. Mr. Rose served as Senior Managing Director at Cantor Fitzgerald, L.P. until August 15, 2016. Mr. Rose was the Founder, Chief Executive Officer and President of CollectiveBid Systems Inc. and CBID Markets Inc. His professional experience also includes positions with RBC Dominion Securities Inc., Dow Jones Markets Inc. and Bridge Information Systems. He served as Co-Chief Executive Officer of CantorCO2e and serves as its Chairman. Mr. Rose serves as a Director of Freedom International Brokerage Company and BGC European GP Limited. He serves as the Chairman and Treasurer of the Dunblaine School. He serves on the Board of Directors of Autism Speaks Canada. He was an Advisor of EnerTech Capital. With over 20 years experience in the investment and technology sectors, Mr. Rose has been an innovator in the electronic fixed income trading industry. Mr. Rose has served on numerous Boards for both corporate and non-profit organizations. Mr. Rose holds a BA in Economics from Concordia University.

CEO Compensation
  • Insufficient data for Laurence to compare compensation growth.
  • Insufficient data for Laurence to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Laurence Rose

TITLE
Chairman & CEO
AGE
49

Philip Porat

TITLE
CFO & Corporate Secretary
AGE
32

Maria Woodman

TITLE
Principal

Christian Kurzke

TITLE
Principal

Nolan Browne

TITLE
Managing Partner
Board of Directors

Laurence Rose

TITLE
Chairman & CEO
AGE
49

Luisa Ingargiola

TITLE
Independent Director
AGE
51
TENURE
0.4 yrs

Alan Simpson

TITLE
Director
AGE
56

Dan Goodman

TITLE
Director
AGE
47
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
27. Jun 18 Buy Daniel Goodman Individual 25. Jun 18 25. Jun 18 15,000 CA$0.10 CA$1,500
X
Management checks
We assess ADL Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ADL Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ADL Ventures Inc. focuses on identifying and evaluating businesses and assets with a view to completing a qualifying transaction. The company was incorporated in 2018 and is headquartered in Toronto, Canada.

Details
Name: ADL Ventures Inc.
AVI.P
Exchange: TSXV
Founded: 2018
CA$362,000
4,525,000
Website: http://www.adlventures.com
Address: ADL Ventures Inc.
North Tower,
Suite 901,
Toronto,
Ontario, M4W 3R8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV AVI.P Common Shares TSX Venture Exchange CA CAD 28. Jun 2018
Number of employees
Current staff
Staff numbers
0
ADL Ventures employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:58
End of day share price update: 2019/03/25 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.