Parkit Enterprise (TSXV:PKT) - Stock Price, News & Analysis

PKT Stock Overview

PKT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 76.5% below our estimate of its fair value

Risk Analysis

Earnings have declined by 16.6% per year over past 5 years

Interest payments are not well covered by earnings

Parkit Enterprise Inc. Competitors

NexLiving Communities

TSXV:NXLV

CA$70.5m

Halmont Properties

TSXV:HMT

CA$105.3m

Madison Pacific Properties

TSX:MPC

CA$268.3m

Urbanfund

TSXV:UFC

CA$47.7m

Price History & Performance

Summary of all time highs, changes and price drops for Parkit Enterprise
Historical stock prices
Current Share Price	CA$0.67
52 Week High	CA$0.83
52 Week Low	CA$0.47
Beta	1.96
11 Month Change	9.84%
3 Month Change	24.07%
1 Year Change	8.06%
33 Year Change	-53.15%
5 Year Change	185.11%
Change since IPO	-88.83%

Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?

Oct 22

Recent updates

Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?

Oct 22

Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt

Jun 07

These 4 Measures Indicate That Parkit Enterprise (CVE:PKT) Is Using Debt Extensively

Feb 16

Shareholder Returns

	PKT	CA Real Estate	CA Market
7D	0%	0.9%	2.2%
1Y	8.1%	29.5%	23.4%

Return vs Industry: PKT underperformed the Canadian Real Estate industry which returned 29.5% over the past year.

Return vs Market: PKT underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is PKT's price volatile compared to industry and market?
PKT volatility
PKT Average Weekly Movement	11.1%
Real Estate Industry Average Movement	4.8%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: PKT has not had significant price volatility in the past 3 months compared to the Canadian market.

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

About the Company

Founded	Employees	CEO	Website
2006	n/a	Iqbal Khan	www.parkitenterprise.com

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.

Parkit Enterprise Inc. Fundamentals Summary

How do Parkit Enterprise's earnings and revenue compare to its market cap?
PKT fundamental statistics
Market cap	CA$149.69m
Earnings (TTM)	-CA$6.64m
Revenue (TTM)	CA$26.67m

5.6x

P/S Ratio

-22.5x

P/E Ratio

Is PKT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PKT income statement (TTM)
Revenue	CA$26.67m
Cost of Revenue	CA$10.71m
Gross Profit	CA$15.96m
Other Expenses	CA$22.60m
Earnings	-CA$6.64m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.03
Gross Margin	59.84%
Net Profit Margin	-24.91%
Debt/Equity Ratio	118.8%

How did PKT perform over the long term?

See historical performance and comparison

PKT Stock Overview

Rewards

Risk Analysis

Parkit Enterprise Inc. Competitors

TSXV:NXLV

CA$70.5m

TSXV:HMT

CA$105.3m

TSX:MPC

CA$268.3m

TSXV:UFC

CA$47.7m

Price History & Performance

Recent News & Updates

Price target increased by 12% to CA$0.80

Third quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.003 loss in 3Q 2023)

New minor risk - Market cap size

Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?

Independent Director recently bought CA$51k worth of stock

Independent Director recently bought CA$598k worth of stock

Recent updates

Price target increased by 12% to CA$0.80

Third quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.003 loss in 3Q 2023)

New minor risk - Market cap size

Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?

Independent Director recently bought CA$51k worth of stock

Independent Director recently bought CA$598k worth of stock

Chairman recently bought CA$285k worth of stock

Price target decreased by 7.6% to CA$0.76

Second quarter 2024 earnings released: CA$0.002 loss per share (vs CA$0.004 profit in 2Q 2023)

Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt

First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.005 loss in 1Q 2023)

Insufficient new directors

New minor risk - Market cap size

Parkit Enterprise Inc., Annual General Meeting, May 28, 2024

Full year 2023 earnings released: CA$0.022 loss per share (vs CA$0.015 loss in FY 2022)

These 4 Measures Indicate That Parkit Enterprise (CVE:PKT) Is Using Debt Extensively

New minor risk - Market cap size

Price target increased by 16% to CA$0.89

Parkit Enterprise Inc. (TSXV:PKT) agreed to acquire 82,400 square feet industrial building in Winnipeg for CAD 6.5 million.

Price target decreased by 13% to CA$0.76

New minor risk - Share price stability

Parkit Enterprise Inc. Announces Executive Changes

Parkit Enterprise Inc. Announces Executive Changes

Price target decreased by 13% to CA$0.94

Price target decreased by 11% to CA$1.03

Second quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.001 loss in 2Q 2022)

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Estimating The Fair Value Of Parkit Enterprise Inc. (CVE:PKT)

Price target decreased by 7.4% to CA$1.10

First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.002 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.015 loss per share (vs CA$0.018 loss in FY 2021)

Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?

Parkit Enterprise Inc. (TSXV:PKT) entered into an asset purchase agreement to acquire Portfolio of 10 industrial properties located in Winnipeg and Saskatchewan from two unknown sellers for CAD 90.25.

Third quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.001 profit in 3Q 2021)

Price target decreased to CA$1.23

Less than half of directors are independent

We Think Parkit Enterprise (CVE:PKT) Has A Fair Chunk Of Debt

Price target decreased to CA$1.27

Second quarter 2022 earnings released

Price target decreased to CA$1.50

Parkit Enterprise Inc. Announces Resignation of Julie Neault

Parkit Enterprise Inc. (TSXV:PKT) acquired 1155 Lola St., Ottawa, Ontario for CAD 17.6 million.

Parkit Enterprise Inc. completed the acquisition of 3455 Mainway Dr, Burlington, ON from a Vendor Group.

Now 20% undervalued after recent price drop

Less than half of directors are independent

Parkit Enterprise Inc., Annual General Meeting, Jun 21, 2022

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Parkit Enterprise Inc. (TSXV:PKT) completed the acquisition of Class A Industrial Asset in London, Ontario.

Now 20% undervalued after recent price drop

Parkit Enterprise Inc. (TSXV:PKT) agreed to acquire Class A Industrial Asset in London, Ontario.

Parkit Enterprise Inc. (TSXV:PKT) completed the acquisition of 101,500 Square Feet 1485 Speers Road, Oakville, Ontario.

Parkit Enterprise Inc. (TSXV:PKT) agreed to acquire 101,500 Square Feet 1485 Speers Road, Oakville, Ontario for $18 million.

Parkit Enterprise Inc. (TSXV:PKT) entered into an asset purchase agreement to acquire class A industrial property in Ottawa for CAD 13.2 million.

Price target decreased to CA$1.75

Parkit Enterprise Inc. announced that it has received CAD 40.2615 million in funding

Parkit Enterprise Inc. (TSXV:PKT) completed the acquisition of Finch Ave East Property in Toronto.

Parkit Enterprise Inc. (TSXV:PKT) agreed to acquire a property located in Ottawa, Ontario from Access Self Storage Inc. for approximately CAD 29 million.