CNSX:BLK

Stock Analysis Report

BLOK Technologies

Executive Summary

BLOK Technologies Inc. invests in and develops companies in the blockchain technology sector.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • BLOK Technologies is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

CNSX:BLK

1.2%

CA Software

1.5%

CA Market


1 Year Return

-87.9%

CNSX:BLK

4.5%

CA Software

-2.3%

CA Market

BLK underperformed the Software industry which returned 6.4% over the past year.

BLK underperformed the Market in Canada which returned -2% over the past year.


Share holder returns

BLKIndustryMarket
7 Day0%1.2%1.5%
30 Day0%4.3%-0.2%
90 Day-20.0%9.7%0.3%
1 Year-87.9%-87.9%6.3%4.5%1.0%-2.3%
3 Yearn/a100.6%95.6%22.7%11.7%
5 Yearn/a183.7%174.7%19.7%3.2%

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 based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether BLOK Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as BLOK Technologies 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 BLK’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 BLOK Technologies regulatory filings.
  • Explore potentially undervalued companies in the software industry.

Future Growth

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

4.5%

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?

-70.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BLOK Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare BLOK Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare BLOK Technologies's 1-year growth to the CA Software industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if BLOK Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if BLOK Technologies has efficiently used its assets last year compared to the CA Software industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if BLOK Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is BLOK Technologies's financial position?


Financial Position Analysis

BLOK Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

BLOK Technologies has no long term commitments.


Debt to Equity History and Analysis

BLOK Technologies has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if BLOK Technologies's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

BLOK Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

BLOK Technologies has less than a year of cash runway based on current free cash flow.

BLOK Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 68.9% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate BLOK Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate BLOK Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as BLOK Technologies has not reported any payouts.

Unable to verify if BLOK Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as BLOK Technologies has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of BLOK Technologies's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average board tenure


CEO

BLOK Technologies has no CEO, or we have no data on them.


Board Age and Tenure

1.4yrs

Average Tenure

41yo

Average Age

The average tenure for the BLOK Technologies board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Jamie Hyland (53yo)

    Interim President & Director

    • Tenure: 0.4yrs
  • Yari Nieken (34yo)

    CFO & Director

    • Tenure: 0.5yrs

Board Members

  • David Greenway? (41yo)

    Non-Executive Independent Director

    • Tenure: 0.4yrs
  • Jamie Hyland (53yo)

    Interim President & Director

    • Tenure: 1.4yrs
  • Yari Nieken (34yo)

    CFO & Director

    • Tenure: 0.7yrs
  • Sashko Despotovski

    Member of Advisory Board

    • Tenure: 1.7yrs
  • Andreas Schleich

    Member of Advisory Board

    • Tenure: 1.7yrs
  • Richard Sharp

    Member of Advisory Board

    • Tenure: 1.3yrs

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$1.248m
  • Shares outstanding: 62.38m
  • Website: Click here

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. invests in and develops companies in the blockchain technology sector. It offers capital, technology, and management services to produce blockchain-enabled business applications. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/20 00:50
End of Day Share Price2019/06/19 00:00
Earnings2019/03/31
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.