AXE Stock Overview
Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.46|
|52 Week High||CA$0.80|
|52 Week Low||CA$0.26|
|1 Month Change||-19.30%|
|3 Month Change||-31.34%|
|1 Year Change||48.39%|
|3 Year Change||178.79%|
|5 Year Change||109.09%|
|Change since IPO||4.55%|
Recent News & Updates
Companies Like Acceleware (CVE:AXE) Can Afford To Invest In Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, Acceleware...
|AXE||CA Software||CA Market|
Return vs Industry: AXE exceeded the Canadian Software industry which returned -27.7% over the past year.
Return vs Market: AXE exceeded the Canadian Market which returned -3.7% over the past year.
|AXE Average Weekly Movement||16.1%|
|Software Industry Average Movement||12.8%|
|Market Average Movement||10.0%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: AXE is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: AXE's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing. It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products for the oil and gas, and other markets.
Acceleware Fundamentals Summary
|AXE fundamental statistics|
Is AXE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AXE income statement (TTM)|
|Cost of Revenue||CA$28.06k|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.051|
|Net Profit Margin||-972.34%|
How did AXE perform over the long term?See historical performance and comparison
Is AXE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AXE?
Other financial metrics that can be useful for relative valuation.
|What is AXE's n/a Ratio?|
Price to Book Ratio vs Peers
How does AXE's PB Ratio compare to its peers?
|AXE PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
WFLD Wellfield Technologies
GBLC Graph Blockchain
Price-To-Book vs Peers: AXE is good value based on its Price-To-Book Ratio (-8.5x) compared to the peer average (1.5x).
Price to Earnings Ratio vs Industry
How does AXE's PE Ratio compare vs other companies in the CA Software Industry?
Price-To-Book vs Industry: AXE is good value based on its Price-To-Book Ratio (-8.5x) compared to the Canadian Software industry average (2x)
Price to Book Ratio vs Fair Ratio
What is AXE's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||-8.5x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate AXE's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of AXE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate AXE's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate AXE's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AXE's PEG Ratio to determine if it is good value.
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- Take a look at our analysis of AXE'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 Acceleware regulatory filings.
How is Acceleware forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Acceleware 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
How has Acceleware performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AXE is currently unprofitable.
Growing Profit Margin: AXE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AXE is unprofitable, and losses have increased over the past 5 years at a rate of 10.5% per year.
Accelerating Growth: Unable to compare AXE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AXE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (7.6%).
Return on Equity
High ROE: AXE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Discover strong past performing companies
How is Acceleware's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AXE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AXE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AXE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AXE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: AXE has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AXE is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.
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What is Acceleware current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AXE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AXE'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 AXE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AXE'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 AXE has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Geoffrey Blair David Clark, also known as Geoff, has been the Chief Executive Officer of Acceleware Ltd. since September 16, 2010. Mr. Clark had been an Interim Chief Financial Officer of Acceleware Lt...
CEO Compensation Analysis
Compensation vs Market: Geoff's total compensation ($USD312.31K) is above average for companies of similar size in the Canadian market ($USD176.06K).
Compensation vs Earnings: Geoff's compensation has increased whilst the company is unprofitable.
Experienced Management: AXE's management team is seasoned and experienced (8.4 years average tenure).
Experienced Board: AXE's board of directors are considered experienced (4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Acceleware Ltd.'s employee growth, exchange listings and data sources
- Name: Acceleware Ltd.
- Ticker: AXE
- Exchange: TSXV
- Founded: 2004
- Industry: Application Software
- Sector: Software
- Implied Market Cap: CA$49.843m
- Shares outstanding: 108.36m
- Website: https://www.acceleware.com
Number of Employees
- Acceleware Ltd.
- 435 – 10th Avenue SE
- T2G 0W3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 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.