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MWRK

MetaWorks Platforms CNSX:MWRK Stock Report

Last Price

CA$0.08

Market Cap

CA$6.3m

7D

-11.1%

1Y

-83.7%

Updated

28 Sep, 2022

Data

Company Financials
MWRK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends0/6

MWRK Stock Overview

MetaWorks Platforms Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations.

MetaWorks Platforms Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MetaWorks Platforms
Historical stock prices
Current Share PriceCA$0.08
52 Week HighCA$0.56
52 Week LowCA$0.005
Beta3.76
1 Month Change-20.00%
3 Month Change-11.11%
1 Year Change-83.67%
3 Year Change-46.67%
5 Year Changen/a
Change since IPO-77.78%

Recent News & Updates

Shareholder Returns

MWRKCA SoftwareCA Market
7D-11.1%0.6%-2.9%
1Y-83.7%-36.9%-5.6%

Return vs Industry: MWRK underperformed the Canadian Software industry which returned -40% over the past year.

Return vs Market: MWRK underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is MWRK's price volatile compared to industry and market?
MWRK volatility
MWRK Average Weekly Movement45.7%
Software Industry Average Movement11.7%
Market Average Movement9.8%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: MWRK is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 46% a week.

Volatility Over Time: MWRK's weekly volatility has increased from 29% to 46% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20102n/ahttps://currencyworks.io

MetaWorks Platforms Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. It offers business development and technical services; blockchain and technology program management services comprises product vision and road-mapping, program development and project management, and product development and testing services; customer development services, such as customer discovery and scoping and product commercialization and support; business launch; and post-business launch support services. The company was formerly known as CurrencyWorks Inc. and changed its name to MetaWorks Platforms Inc. in August 2022.

MetaWorks Platforms Fundamentals Summary

How do MetaWorks Platforms's earnings and revenue compare to its market cap?
MWRK fundamental statistics
Market CapCA$6.25m
Earnings (TTM)CA$573.91k
Revenue (TTM)CA$2.49m

10.9x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MWRK income statement (TTM)
RevenueUS$1.82m
Cost of RevenueUS$2.85m
Gross Profit-US$1.03m
Other Expenses-US$1.45m
EarningsUS$419.22k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0054
Gross Margin-56.86%
Net Profit Margin23.04%
Debt/Equity Ratio3.2%

How did MWRK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MWRK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MWRK?

Other financial metrics that can be useful for relative valuation.

MWRK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA-0.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MWRK's PE Ratio compare to its peers?

MWRK PE Ratio vs Peers
The above table shows the PE ratio for MWRK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.7x
NDA Neptune Digital Assets
13.5xn/aCA$26.9m
NCI NTG Clarity Networks
4.2xn/aCA$5.2m
NPA Alphinat
17.4xn/aCA$3.5m
GOK GINSMS
28xn/aCA$6.0m
MWRK MetaWorks Platforms
10.9xn/aCA$6.3m

Price-To-Earnings vs Peers: MWRK is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (15.7x).


Price to Earnings Ratio vs Industry

How does MWRK's PE Ratio compare vs other companies in the CA Software Industry?

Price-To-Earnings vs Industry: MWRK is good value based on its Price-To-Earnings Ratio (10.9x) compared to the North American Software industry average (38.9x)


Price to Earnings Ratio vs Fair Ratio

What is MWRK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MWRK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MWRK's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MWRK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.4%

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 MetaWorks Platforms 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.


Discover growth companies

  • MetaWorks Platforms competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has MetaWorks Platforms performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-30.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MWRK has high quality earnings.

Growing Profit Margin: MWRK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MWRK has become profitable over the past 5 years, growing earnings by -30.3% per year.

Accelerating Growth: MWRK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MWRK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (27.8%).


Return on Equity

High ROE: MWRK's Return on Equity (-6.9%) is considered low.


Discover strong past performing companies

Financial Health

How is MetaWorks Platforms's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MWRK's short term assets ($281.0K) do not cover its short term liabilities ($1.2M).

Long Term Liabilities: MWRK has no long term liabilities.


Debt to Equity History and Analysis

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

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

Debt Coverage: MWRK's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MWRK's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is MetaWorks Platforms'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

  • Cash Flow Coverage

Dividend Yield vs Market

MetaWorks Platforms Dividend Yield vs Market
How does MetaWorks Platforms dividend yield compare to the market?
SegmentDividend Yield
Company (MetaWorks Platforms)n/a
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.0%
Industry Average (Software)0.4%
Analyst forecast in 3 Years (MetaWorks Platforms)n/a

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

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

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


Discover strong dividend paying companies

Management

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

4.8yrs

Average board tenure


CEO

MetaWorks Platforms has no CEO, or we have no data on them.


Board Members

Experienced Board: MWRK's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

CNSX:MWRK Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Jan 22BuyCA$21,692Cameron ChellIndividual83,007CA$0.26
28 Jan 22BuyCA$21,054James GeiskopfIndividual80,566CA$0.26
28 Jan 22BuyCA$21,054Swapan KakumanuIndividual80,566CA$0.26
29 Dec 21BuyCA$17,000Cameron ChellIndividual59,027CA$0.29
29 Dec 21BuyCA$21,132James GeiskopfIndividual57,291CA$0.37
29 Dec 21BuyCA$21,132Swapan KakumanuIndividual57,291CA$0.37
23 Nov 21BuyCA$19,800Cameron ChellIndividual60,000CA$0.33

Ownership Breakdown

What is the ownership structure of MWRK?
Owner TypeNumber of SharesOwnership Percentage
Institutions50,0000.06%
Individual Insiders2,989,7483.8%
General Public75,105,31896.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


Top Shareholders

Top 5 shareholders own 3.89% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3.38%
James Geiskopf
2,637,857$211.0k0%no data
0.27%
Cameron Chell
213,034$17.0k0%no data
0.18%
Swapan Kakumanu
137,857$11.0k0%no data
0.064%
Red To Black Inc., Asset management Arm
50,000$4.0k0%21.1%
0.0013%
Edmund Moy
1,000$80.00%no data

Company Information

MetaWorks Platforms, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: MetaWorks Platforms, Inc.
  • Ticker: MWRK
  • Exchange: CNSX
  • Founded: 2010
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: CA$6.252m
  • Shares outstanding: 78.15m
  • Website: https://currencyworks.io

Number of Employees


Location

  • MetaWorks Platforms, Inc.
  • 3250 Oakland Hills Court
  • Fairfield
  • California
  • 94534
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MWRKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2013
MWRKCNSX (Canadian National Stock Exchange)YesCommon StockCACADOct 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.