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TAAL

Taal Distributed Information Technologies CNSX:TAAL Stock Report

Last Price

CA$1.42

Market Cap

CA$54.4m

7D

9.2%

1Y

-65.2%

Updated

27 Jun, 2022

Data

Company Financials +
TAAL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TAAL Stock Overview

TAAL Distributed Information Technologies Inc.

Taal Distributed Information Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Taal Distributed Information Technologies
Historical stock prices
Current Share PriceCA$1.42
52 Week HighCA$5.18
52 Week LowCA$1.15
Beta-0.13
1 Month Change-18.86%
3 Month Change-44.53%
1 Year Change-65.20%
3 Year Change-61.10%
5 Year Change184.00%
Change since IPO42.00%

Recent News & Updates

Shareholder Returns

TAALCA ITCA Market
7D9.2%3.6%0.1%
1Y-65.2%-25.0%-2.6%

Return vs Industry: TAAL underperformed the Canadian IT industry which returned -23.9% over the past year.

Return vs Market: TAAL underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is TAAL's price volatile compared to industry and market?
TAAL volatility
TAAL Average Weekly Movement16.0%
IT Industry Average Movement14.0%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: TAAL is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: TAAL's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
201129Richard Bakerhttps://www.taal.com

TAAL Distributed Information Technologies Inc. owns and manages professional-grade blockchain infrastructure based on SHA-256 Bitcoin protocol. Its blockchain infrastructure provides value-added services to support and enable businesses to build customized blockchain-based solutions and applications for enterprise clients. The company also provides transaction processing and digital asset tokenization services.

Taal Distributed Information Technologies Fundamentals Summary

How do Taal Distributed Information Technologies's earnings and revenue compare to its market cap?
TAAL fundamental statistics
Market CapCA$54.35m
Earnings (TTM)-CA$19.92m
Revenue (TTM)CA$42.41m

1.3x

P/S Ratio

-2.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAAL income statement (TTM)
RevenueCA$42.41m
Cost of RevenueCA$17.12m
Gross ProfitCA$25.29m
Other ExpensesCA$45.21m
Earnings-CA$19.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.52
Gross Margin59.63%
Net Profit Margin-46.96%
Debt/Equity Ratio27.1%

How did TAAL perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TAAL 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/Revenue1.6x
Enterprise Value/EBITDA-7.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TAAL's PS Ratio compare to its peers?

TAAL PS Ratio vs Peers
The above table shows the PS ratio for TAAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average57.2x
BNXA Banxa Holdings
0.8x15.2%CA$56.0m
REVO RevoluGROUP Canada
225.8xn/aCA$39.7m
VQS VIQ Solutions
1.3x23.9%CA$57.1m
GIVX Givex Information Technology Group
1x10.3%CA$56.7m
TAAL Taal Distributed Information Technologies
1.3xn/aCA$54.4m

Price-To-Sales vs Peers: TAAL is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (57.2x).


Price to Earnings Ratio vs Industry

How does TAAL's PE Ratio compare vs other companies in the CA IT Industry?

Price-To-Sales vs Industry: TAAL is expensive based on its Price-To-Sales Ratio (1.3x) compared to the Canadian IT industry average (1.2x)


Price to Sales Ratio vs Fair Ratio

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

TAAL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ration/a

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


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TAAL's PEG Ratio to determine if it is good value.


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Future Growth

How is Taal Distributed Information Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


19.4%

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 Taal Distributed Information 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.


Discover growth companies

  • Take a look at our analysis of TAAL’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.
  • Taal Distributed Information Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Taal Distributed Information Technologies 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


-41.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TAAL is currently unprofitable.

Growing Profit Margin: TAAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TAAL is unprofitable, and losses have increased over the past 5 years at a rate of 41.3% per year.

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

Earnings vs Industry: TAAL is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (21%).


Return on Equity

High ROE: TAAL has a negative Return on Equity (-43.25%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Taal Distributed Information Technologies's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TAAL's short term assets (CA$6.4M) exceed its short term liabilities (CA$2.4M).

Long Term Liabilities: TAAL's short term assets (CA$6.4M) do not cover its long term liabilities (CA$13.8M).


Debt to Equity History and Analysis

Debt Level: TAAL's net debt to equity ratio (23.3%) is considered satisfactory.

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


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

Forecast Cash Runway: TAAL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.2% each year


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Dividend

What is Taal Distributed Information Technologies'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 TAAL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Discover strong dividend paying companies

Management

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

1.4yrs

Average management tenure


CEO

Richard Baker

0.42

Tenure

CA$421,322

Compensation

Mr. Richard Baker is Chief Executive Officer and Director of Taal Distributed Information Technologies Inc. since January 1, 2022 and served as its Independent Director since December 10, 2020 until Januar...


Leadership Team

Experienced Management: TAAL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: TAAL's board of directors are not considered experienced ( 2.5 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: Insufficient data to determine if 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 6.7%.


Top Shareholders

Company Information

Taal Distributed Information Technologies Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Taal Distributed Information Technologies Inc.
  • Ticker: TAAL
  • Exchange: CNSX
  • Founded: 2011
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Implied Market Cap: CA$54.352m
  • Shares outstanding: 38.28m
  • Website: https://www.taal.com

Number of Employees


Location

  • Taal Distributed Information Technologies Inc.
  • 181 Bay Street
  • Suite 4260
  • Toronto
  • Ontario
  • M5J 2V1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.