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AXE

Acceleware TSXV:AXE Stock Report

Last Price

CA$0.46

Market Cap

CA$49.8m

7D

15.0%

1Y

48.4%

Updated

30 Jun, 2022

Data

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

AXE Stock Overview

Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States.

Acceleware Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Acceleware
Historical stock prices
Current Share PriceCA$0.46
52 Week HighCA$0.80
52 Week LowCA$0.26
Beta1.13
1 Month Change-19.30%
3 Month Change-31.34%
1 Year Change48.39%
3 Year Change178.79%
5 Year Change109.09%
Change since IPO4.55%

Recent News & Updates

Nov 05
Companies Like Acceleware (CVE:AXE) Can Afford To Invest In Growth

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...

Shareholder Returns

AXECA SoftwareCA Market
7D15.0%3.5%0.3%
1Y48.4%-27.7%-3.7%

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.

Price Volatility

Is AXE's price volatile compared to industry and market?
AXE volatility
AXE Average Weekly Movement16.1%
Software Industry Average Movement12.8%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.4%

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

FoundedEmployeesCEOWebsite
200420Geoff Clarkhttps://www.acceleware.com

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

How do Acceleware's earnings and revenue compare to its market cap?
AXE fundamental statistics
Market CapCA$49.84m
Earnings (TTM)-CA$5.48m
Revenue (TTM)CA$564.07k

88.5x

P/S Ratio

-9.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXE income statement (TTM)
RevenueCA$564.07k
Cost of RevenueCA$28.06k
Gross ProfitCA$536.01k
Other ExpensesCA$6.02m
Earnings-CA$5.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.051
Gross Margin95.03%
Net Profit Margin-972.34%
Debt/Equity Ratio-8.2%

How did AXE perform over the long term?

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

Valuation

Is AXE 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 AXE?

Other financial metrics that can be useful for relative valuation.

AXE 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/Revenue84.5x
Enterprise Value/EBITDA-8.8x
PEG Ration/a

Price to Book Ratio vs Peers

How does AXE's PB Ratio compare to its peers?

AXE PB Ratio vs Peers
The above table shows the PB ratio for AXE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.5x
WFLD Wellfield Technologies
1.4xn/aCA$51.4m
LSPK LifeSpeak
1x110.3%CA$61.7m
GBLC Graph Blockchain
0.3xn/aCA$7.2m
ALY AnalytixInsight
3.4xn/aCA$31.8m
AXE Acceleware
n/an/aCA$49.8m

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.

AXE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-8.5x
Fair PB Ration/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.


Discover undervalued companies

  • 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.

Future Growth

How is Acceleware 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


29.6%

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

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

Past Performance

How has Acceleware 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


-10.5%

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

Financial Health

How is Acceleware'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: 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.


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: 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.


Discover healthy companies

Dividend

What is Acceleware 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 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

Management

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

8.4yrs

Average management tenure


CEO

Geoff Clark

11.75yrs

Tenure

CA$402,273

Compensation

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.


Leadership Team

Experienced Management: AXE's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: AXE's board of directors are considered experienced (4 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Acceleware Ltd.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Acceleware Ltd.
  • 435 – 10th Avenue SE
  • Calgary
  • Alberta
  • T2G 0W3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 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.