PowerBand Solutions (TSXV:PBX) - Share price, News & Analysis

PBX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

PBX Stock Overview

Rewards

Revenue is forecast to grow 53.09% per year

Risk Analysis

Earnings have declined by 35.2% per year over past 5 years

Highly volatile share price over the past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$48M)

PowerBand Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PowerBand Solutions
Historical stock prices
Current Share Price	CA$0.24
52 Week High	CA$1.32
52 Week Low	CA$0.18
Beta	1.85
1 Month Change	-49.47%
3 Month Change	-67.57%
1 Year Change	-71.08%
3 Year Change	242.86%
5 Year Change	n/a
Change since IPO	-20.00%

Shareholder Returns

	PBX	CA Online Retail	CA Market
7D	-20.0%	0.5%	0.8%
1Y	-71.1%	-48.7%	4.9%

Return vs Industry: PBX underperformed the Canadian Online Retail industry which returned -48.7% over the past year.

Return vs Market: PBX underperformed the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is PBX's price volatile compared to industry and market?
PBX volatility
PBX Average Weekly Movement	19.1%
Online Retail Industry Average Movement	14.0%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: PBX is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: PBX's weekly volatility has increased from 13% to 19% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Kelly Jennings	https://www.powerbandsolutions.com

PowerBand Solutions Inc., a technology company, develops, markets, and sells online trading platform, standardized appraisal system, market intelligence report, and finance portal for the automotive industry in Canada. The company provides LiveNet, a real-time, targeted, and mobile online auction platform; and Marketplace, an online auction, which allows dealers, and rental and leasing companies to post used vehicles for sale to qualified wholesale buyers. It also offers Standardized Appraisal System, an electronic used vehicle appraisal system; DrivrzXchange, an inclusive multi-sided marketplace that allows buyers and sellers to list and/or find vehicles; DrivrzFinancial Loan-LeasePortala, a multi-lender loan-lease platform; and a finance portal.

PowerBand Solutions Fundamentals Summary

How do PowerBand Solutions's earnings and revenue compare to its market cap?
PBX fundamental statistics
Market Cap	CA$48.28m
Earnings (TTM)	-CA$14.96m
Revenue (TTM)	CA$23.94m

2.0x

P/S Ratio

-3.2x

P/E Ratio

Is PBX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBX income statement (TTM)
Revenue	CA$23.94m
Cost of Revenue	CA$12.30m
Gross Profit	CA$11.64m
Other Expenses	CA$26.60m
Earnings	-CA$14.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.074
Gross Margin	48.63%
Net Profit Margin	-62.49%
Debt/Equity Ratio	137.2%

How did PBX perform over the long term?

See historical performance and comparison

Valuation

Is PowerBand 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

12.44x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: PBX is unprofitable, so we can't compare its PE Ratio to the North American Online Retail industry average.

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

Price to Book Ratio

PB vs Industry: PBX is overvalued based on its PB Ratio (12.4x) compared to the CA Online Retail industry average (1.3x).

Future Growth

How is PowerBand Solutions forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

53.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PBX's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if PBX's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PBX's revenue (53.1% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: PBX's revenue (53.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

Past Performance

How has PowerBand 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

-35.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBX is currently unprofitable.

Growing Profit Margin: PBX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PBX is unprofitable, and losses have increased over the past 5 years at a rate of 35.2% per year.

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

Earnings vs Industry: PBX is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (-8.3%).

Return on Equity

High ROE: PBX has a negative Return on Equity (-357.06%), as it is currently unprofitable.

Financial Health

How is PowerBand Solutions's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

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

Financial Position Analysis

Short Term Liabilities: PBX's short term assets (CA$9.1M) do not cover its short term liabilities (CA$11.1M).

Long Term Liabilities: PBX's short term assets (CA$9.1M) exceed its long term liabilities (CA$4.8M).

Debt to Equity History and Analysis

Debt Level: PBX has more cash than its total debt.

Reducing Debt: PBX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

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: PBX has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: PBX is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.

Dividend

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

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

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

Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure

CEO

Kelly Jennings

4.25yrs

Tenure

CA$1,396,376

Compensation

Mr. Kelly Jennings is a Founder and serves as President at PowerBand Solutions Inc. since October 1, 2019. He serves as Chief Executive Officer Chairman and Secretary of PowerBand Solutions Inc., and was i...

CEO Compensation Analysis

Compensation vs Market: Kelly's total compensation ($USD1.09M) is above average for companies of similar size in the Canadian market ($USD168.65K).

Compensation vs Earnings: Kelly's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: PBX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: PBX's board of directors are not considered experienced ( 2.8 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: PBX 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 20.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31