Optimi Health (CNSX:OPTI) - Share price, News & Analysis

OPTI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

OPTI Stock Overview

Optimi Health Corp. develops an integrated functional mushroom brand that focuses on the health and wellness food markets in Canada.

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$0)

Less than 3 years of financial data is available

Does not have a meaningful market cap (CA$16M)

Optimi Health Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Optimi Health
Historical stock prices
Current Share Price	CA$0.23
52 Week High	CA$0.84
52 Week Low	CA$0.23
Beta	0
1 Month Change	-33.82%
3 Month Change	-42.31%
1 Year Change	-68.31%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-70.00%

Recent News & Updates

Apr 07

Here's Why Optimi Health (CSE:OPTI) Must Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

	OPTI	CA Food	CA Market
7D	-15.1%	2.7%	2.8%
1Y	-68.3%	-25.1%	5.9%

Return vs Industry: OPTI underperformed the Canadian Food industry which returned -25.1% over the past year.

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

Price Volatility

Is OPTI's price volatile compared to industry and market?
OPTI volatility
OPTI Average Weekly Movement	11.0%
Food Industry Average Movement	8.9%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	4.2%

Stable Share Price: OPTI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: OPTI's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	Bill Ciprick	https://www.optimihealth.ca

Optimi Health Corp. develops an integrated functional mushroom brand that focuses on the health and wellness food markets in Canada. The company also focuses on the cultivation, extraction, processing, and distribution of strains of functional mushroom. It offers a range of fungi varieties, which include Lions Mane, Reishi, Turkey Tail, Chaga, and Cordyceps.

Optimi Health Fundamentals Summary

How do Optimi Health's earnings and revenue compare to its market cap?
OPTI fundamental statistics
Market Cap	CA$15.77m
Earnings (TTM)	-CA$8.68m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.8x

P/E Ratio

Is OPTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OPTI income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$8.68m
Earnings	-CA$8.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did OPTI perform over the long term?

See historical performance and comparison

Valuation

Is Optimi Health undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

0.85x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: OPTI is good value based on its PB Ratio (0.9x) compared to the CA Food industry average (1.9x).

Future Growth

How is Optimi Health 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

50.1%

Forecasted Food, Beverage & Tobacco 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 Optimi Health 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.

Past Performance

How has Optimi Health 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

-357.6%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: OPTI is currently unprofitable.

Growing Profit Margin: OPTI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Unable to establish if OPTI's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: OPTI is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-22.1%).

Return on Equity

High ROE: OPTI has a negative Return on Equity (-46.82%), as it is currently unprofitable.

Financial Health

How is Optimi Health's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OPTI's short term assets (CA$8.1M) exceed its short term liabilities (CA$1.1M).

Long Term Liabilities: OPTI's short term assets (CA$8.1M) exceed its long term liabilities (CA$129.6K).

Debt to Equity History and Analysis

Debt Level: OPTI is debt free.

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

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

Forecast Cash Runway: OPTI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 95.8% each year

Dividend

What is Optimi Health 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 OPTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

Next Steps

Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

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

1.5yrs

Average management tenure

CEO

Bill Ciprick (44 yo)

0.67

Tenure

CA$114,583

Compensation

Mr. William J. Ciprick, also known as Bill, has been the Chief Executive Officer at Optimi Health Corp. since September 07, 2021. He was an Independent Director of Phivida Holdings Inc. since May 5, 2017 u...

CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD89.15K) is below average for companies of similar size in the Canadian market ($USD169.50K).

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

Leadership Team

Experienced Management: OPTI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Experienced Board: OPTI's board of directors are not considered experienced ( 1.8 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: OPTI 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/09/30