BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry.
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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.
7 Day Return
1 Year Return
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.
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
4 days ago | Simply Wall StDavid Greenway? Is The Non-Executive Independent Director of BLOK Technologies Inc. (CSE:BLK) And They Just Sold 82% Of Their Shares
1 month ago | Simply Wall StWhat Kind Of Shareholders Own BLOK Technologies Inc. (CSE:BLK)?
3 months ago | Simply Wall StHow Much Are BLOK Technologies Inc. (CNSX:BLK) Insiders Spending On Buying Shares?
Is BLOK Technologies undervalued compared to its fair value and its price relative to the market?
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).
How is BLOK Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
- BLOK Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
How has BLOK Technologies performed over the past 5 years?
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
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.
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
What is BLOK Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jamie Hyland (54yo)
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.
|Interim President||2.2yrs||CA$68.00k||1.03% CA$18.5k|
|CFO & Director||0.3yrs||no data||6.7% CA$120.0k|
|Non-Executive Independent Director||1.1yrs||no data||1.74% CA$31.2k|
|Member of Advisory Board||2.3yrs||no data||no data|
|Member of Advisory Board||2.3yrs||no data||no data|
|Member of Advisory Board||2yrs||no data||no data|
Experienced Board: BLK's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76.4%.
BLOK Technologies Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- BLOK Technologies Inc.
- 221 West Esplanade Avenue
- Suite 310
- North Vancouver
- British Columbia
- V7M 3J3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BLK||CNSX (Canadian National Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 2016|
|2AD||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 2016|
|BLPF.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2016|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 02:43|
|End of Day Share Price||2020/02/21 00:00|
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.