CNSX:BLK

Stock Analysis Report

BLOK Technologies

Executive Summary

BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has BLOK Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BLK

-2.9%

CA Software

0.1%

CA Market


1 Year Return

0%

BLK

16.5%

CA Software

4.7%

CA Market

Return vs Industry: BLK underperformed the Canadian Software industry which returned 16.3% over the past year.

Return vs Market: BLK underperformed the Canadian Market which returned 4.6% over the past year.


Shareholder returns

BLKIndustryMarket
7 Day0%-2.9%0.1%
30 Day50.0%-0.06%0.8%
90 Day50.0%5.6%3.7%
1 Year0%0%18.6%16.5%7.9%4.7%
3 Year-85.0%-85.0%88.4%83.8%17.9%7.3%
5 Yearn/a129.8%122.4%33.8%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BLOK Technologies undervalued compared to its fair value and its price relative to the market?

1.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BLK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BLK's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BLK is good value based on its PB Ratio (1.4x) compared to the CA Software industry average (3.1x).


Next Steps

Future Growth

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

18.3%

Forecasted Software 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 BLOK Technologies 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 BLOK Technologies performed over the past 5 years?

-51.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLK is currently unprofitable.

Growing Profit Margin: BLK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BLK is unprofitable, and losses have increased over the past 5 years at a rate of -51.1% per year.

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

Earnings vs Industry: BLK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.3%).


Return on Equity

High ROE: BLK has a negative Return on Equity (-128.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is BLOK Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BLK's short term assets (CA$147.6K) do not cover its short term liabilities (CA$445.7K).

Long Term Liabilities: BLK has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BLK's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BLK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: BLK has a low level of unsold assets or inventory.

Debt Coverage by Assets: BLK's debt is covered by short term assets (assets are 7.4x debt).


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

Forecast Cash Runway: BLK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -17.7% each year


Next Steps

Dividend

What is BLOK Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BLK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLK's dividends per share have been stable in the past.

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

2.0yrs

Average board tenure


CEO

Jamie Hyland (54yo)

2.2yrs

Tenure

CA$68,000

Compensation

Mr. James Hyland, also known as Jamie, B.Comm., serves as an Interim Chief Executive Officer at BLOK Technologies Inc (formerly known as Aida Minerals Corp.) since December 18, 2017. He serves as Interim P ...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD51.46K) is below average for companies of similar size in the Canadian market ($USD154.65K).

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


Board Members

NamePositionTenureCompensationOwnership
James Hyland
Interim President2.2yrsCA$68.00k1.03% CA$18.5k
Wilson Su
CFO & Director0.3yrsno data6.7% CA$120.0k
David Greenway?
Non-Executive Independent Director1.1yrsno data1.74% CA$31.2k
Saško Despotovski
Member of Advisory Board2.3yrsno datano data
Andreas Schleich
Member of Advisory Board2.3yrsno datano data
Richard Sharp
Member of Advisory Board2yrsno datano data

2.0yrs

Average Tenure

Experienced Board: BLK's board of directors are not considered experienced ( 2 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: BLK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76.4%.


Top Shareholders

Company Information

BLOK Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BLOK Technologies Inc.
  • Ticker: BLK
  • Exchange: CNSX
  • Founded: 2013
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$1.791m
  • Shares outstanding: 119.38m
  • Website: https://www.bloktechinc.com

Location

  • BLOK Technologies Inc.
  • 221 West Esplanade Avenue
  • Suite 310
  • North Vancouver
  • British Columbia
  • V7M 3J3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLKCNSX (Canadian National Stock Exchange)YesCommon SharesCACADJan 2016
2ADDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2016
BLPF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2016

Biography

BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry. It is involved in the design, programming, testing, business development, and implementation of the software. The company was formerly known as Aida Minerals Corp. and changed its name to BLOK Technologies Inc. in January 2018. BLOK Technologies Inc. was incorporated in 2013 and is headquartered in North Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 02:43
End of Day Share Price2020/02/21 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.