TSXV:AXE

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Acceleware's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AXE is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: AXE's weekly volatility has decreased from 27% to 20% over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-2.1%

AXE

4.8%

CA Software

-0.2%

CA Market


1 Year Return

130.0%

AXE

44.5%

CA Software

1.4%

CA Market

Return vs Industry: AXE exceeded the Canadian Software industry which returned 44.5% over the past year.

Return vs Market: AXE exceeded the Canadian Market which returned 1.4% over the past year.


Shareholder returns

AXEIndustryMarket
7 Day-2.1%4.8%-0.2%
30 Day27.8%5.7%2.8%
90 Day43.8%29.1%12.4%
1 Year130.0%130.0%45.1%44.5%5.0%1.4%
3 Year-20.7%-20.7%76.9%73.1%13.4%2.7%
5 Year1,433.3%1,433.3%177.2%168.1%59.7%35.2%

Long-Term Price Volatility Vs. Market

How volatile is Acceleware's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Acceleware undervalued compared to its fair value and its price relative to the market?

75.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AXE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AXE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AXE is unprofitable, so we can't compare its PE Ratio to the CA Software industry average.

PE vs Market: AXE 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 AXE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AXE is overvalued based on its PB Ratio (75.7x) compared to the CA Software industry average (7.7x).


Next Steps

Future Growth

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

27.3%

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.


Next Steps

Past Performance

How has Acceleware performed over the past 5 years?

-0.7%

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 0.7% 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 (25.3%).


Return on Equity

High ROE: AXE has a negative Return on Equity (-523.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is Acceleware's financial position?


Financial Position Analysis

Short Term Liabilities: AXE's short term assets (CA$4.5M) exceed its short term liabilities (CA$4.2M).

Long Term Liabilities: AXE's short term assets (CA$4.5M) exceed its long term liabilities (CA$15.3K).


Debt to Equity History and Analysis

Debt Level: AXE is debt free.

Reducing Debt: AXE currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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 more than a year based on its current free cash flow.

Forecast Cash Runway: AXE has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 18.4% each year.


Next Steps

Dividend

What is Acceleware current dividend yield, its reliability and sustainability?


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.


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 AXE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Geoff Clark

10.33yrs

Tenure

CA$372,985

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 ($USD293.10K) is above average for companies of similar size in the Canadian market ($USD152.85K).

Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Geoffrey Blair Clark
CEO & Director10.33yrsCA$372.99k3.1%
CA$ 787.2k
Michal Okoniewski
Co-Founder12yrsCA$266.67k5.96%
CA$ 1.5m
Tracy Grierson
Chief Financial Officer1.33yrsCA$80.71kno data
Michael Tourigny
Vice President of Commercialization - RF Heating Technology5yrsCA$331.05k2.25%
CA$ 569.6k
Laura McIntyre
Vice President of Engineeringno dataCA$256.42k0.12%
CA$ 30.0k
Cameron MacCarthy
Corporate Secretary7yrsno data0.095%
CA$ 24.0k

6.0yrs

Average Tenure

Experienced Management: AXE's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Geoffrey Blair Clark
CEO & Director10.33yrsCA$372.99k3.1%
CA$ 787.2k
Michal Okoniewski
Co-Founder12yrsCA$266.67k5.96%
CA$ 1.5m
Jens Horstmann
Independent Director11.33yrsCA$21.70k0.034%
CA$ 8.7k
Bohdan Romaniuk
Independent Chairman15yrsCA$27.90k0.86%
CA$ 217.5k
Dennis Nerland
Independent Director17yrsCA$21.70k4.4%
CA$ 1.1m
Chad Robinson
Member of Acceleware Advisory Board2.58yrsno datano data
Peter Neweduk
Independent Director17yrsCA$21.70k1.32%
CA$ 334.8k
John Howard
Member of Acceleware Advisory Board2.58yrsno datano data
Cal Coulter
Member of Acceleware Advisory Board2.58yrsno datano data
Heath Williamson
Member of Acceleware Advisory Board2.58yrsno datano data
Jeff Reading
Member of Acceleware Advisory Board2.58yrsno datano data
Caralyn Bennett
Director0.58yrno datano data

6.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: AXE's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AXE insiders have bought and sold the same number of shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Acceleware Ltd.
  • Ticker: AXE
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$25.361m
  • Shares outstanding: 105.67m
  • Website: https://www.acceleware.com

Number of Employees


Location

  • Acceleware Ltd.
  • 1400, 350 - 7th Avenue SW
  • Calgary
  • Alberta
  • T2P 3N9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXETSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2006
ACWR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2006
1XABST (Boerse-Stuttgart)YesCommon SharesDEEURJan 2006

Biography

Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. It operates through two segments, High-Performance Computing and RF Heating. The company develops an enhanced ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 23:57
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.