CNSX:AHG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Alternate Health Corp., a diversified healthcare company, provides cloud based software solutions in Canada. More Details


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Alternate Health's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

AHG

4.4%

CA Healthcare Services

-0.4%

CA Market


1 Year Return

-56.5%

AHG

34.5%

CA Healthcare Services

-3.9%

CA Market

Return vs Industry: AHG underperformed the Canadian Healthcare Services industry which returned 19.9% over the past year.

Return vs Market: AHG underperformed the Canadian Market which returned -7.8% over the past year.


Shareholder returns

AHGIndustryMarket
7 Day0%4.4%-0.4%
30 Day0%30.6%3.1%
90 Day0%66.2%2.4%
1 Year-56.5%-56.5%34.5%34.5%-0.4%-3.9%
3 Year-95.9%-95.9%-0.3%-0.3%6.7%-3.8%
5 Yearn/a169.9%167.1%35.5%14.7%

Price Volatility Vs. Market

How volatile is Alternate Health's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Alternate Health is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Alternate Health 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.


Next Steps

  • Take a look at our analysis of AHG's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Alternate Health regulatory filings.
  • Explore potentially undervalued companies in the Healthcare industry.

Future Growth

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

35.1%

Forecasted Healthcare 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 Alternate 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.


Next Steps

Past Performance

How has Alternate Health performed over the past 5 years?

-44.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AHG is currently unprofitable.

Growing Profit Margin: AHG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AHG is unprofitable, and losses have increased over the past 5 years at a rate of 44.6% per year.

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

Earnings vs Industry: AHG is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare Services industry (-4.8%).


Return on Equity

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


Next Steps

Financial Health

How is Alternate Health's financial position?


Financial Position Analysis

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

Long Term Liabilities: AHG 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: AHG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AHG'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: Insufficient data to determine if AHG has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AHG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Alternate Health current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.8yrs

Average management tenure


CEO

Howard Mann

1.75yrs

Tenure

CA$40,695

Compensation

Mr. Howard W. Mann has been the Chief Executive Officer and Director of Alternate Health Corp. since December 11, 2018. He founded Alternate Health Corp. in 2014 and was instrumental in its growth and publ ...


CEO Compensation Analysis

Compensation vs Market: Howard's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD178.66K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Howard Mann
Founder1.75yrsCA$40.70kno data
Christopher Boling
Chief Financial Officer2.67yrsCA$214.33kno data
Jay Briggs
Senior Vice President of Operations1.67yrsCA$203.48kno data
Robert Blaine
President1.17yrsno datano data
Stephen Bugbee
Senior Vice President of Technology1.92yrsno datano data

1.8yrs

Average Tenure

Experienced Management: AHG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Howard Mann
Founder1.75yrsCA$40.70kno data
Robert Blaine
President1.17yrsno datano data
Leigh Valentine
Director1yrno datano data
James Tykoliz
Independent Director5.42yrsCA$32.37k4.2%
CA$ 383.9k
Kyle Kemper
Director1.67yrsno datano data

1.7yrs

Average Tenure

Experienced Board: AHG's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35%.


Top Shareholders

Company Information

Alternate Health Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alternate Health Corp.
  • Ticker: AHG
  • Exchange: CNSX
  • Founded:
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: CA$9.148m
  • Shares outstanding: 91.48m
  • Website: https://www.alternatehealth.com

Number of Employees


Location

  • Alternate Health Corp.
  • 99 Yorkville Avenue
  • Suite 200
  • Toronto
  • Ontario
  • M5R 3K5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AHGI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2017
AHGCNSX (Canadian National Stock Exchange)YesCommon SharesCACADJan 2017
2ANDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2017

Biography

Alternate Health Corp., a diversified healthcare company, provides cloud based software solutions in Canada. It offers medical practice and controlled substance management software, blood analysis and toxi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 05:58
End of Day Share Price2020/06/23 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.