Executive Summary
Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. More Details
Risk Analysis
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
| AXE | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 4.8% | -0.2% |
| 30 Day | 27.8% | 5.7% | 2.8% |
| 90 Day | 43.8% | 29.1% | 12.4% |
| 1 Year | 130.0%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 Year | 1,433.3%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
2 months ago | Simply Wall St
What Does Acceleware's (CVE:AXE) CEO Pay Reveal?6 months ago | Simply Wall St
A Look At Acceleware's (CVE:AXE) CEO Remuneration9 months ago | Simply Wall St
How Much is Acceleware Ltd.'s (CVE:AXE) CEO Getting Paid?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
- Examine Acceleware's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Acceleware competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.33yrs | CA$372.99k | 3.1% CA$ 787.2k | |
| Co-Founder | 12yrs | CA$266.67k | 5.96% CA$ 1.5m | |
| Chief Financial Officer | 1.33yrs | CA$80.71k | no data | |
| Vice President of Commercialization - RF Heating Technology | 5yrs | CA$331.05k | 2.25% CA$ 569.6k | |
| Vice President of Engineering | no data | CA$256.42k | 0.12% CA$ 30.0k | |
| Corporate Secretary | 7yrs | no data | 0.095% CA$ 24.0k |
6.0yrs
Average Tenure
Experienced Management: AXE's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.33yrs | CA$372.99k | 3.1% CA$ 787.2k | |
| Co-Founder | 12yrs | CA$266.67k | 5.96% CA$ 1.5m | |
| Independent Director | 11.33yrs | CA$21.70k | 0.034% CA$ 8.7k | |
| Independent Chairman | 15yrs | CA$27.90k | 0.86% CA$ 217.5k | |
| Independent Director | 17yrs | CA$21.70k | 4.4% CA$ 1.1m | |
| Member of Acceleware Advisory Board | 2.58yrs | no data | no data | |
| Independent Director | 17yrs | CA$21.70k | 1.32% CA$ 334.8k | |
| Member of Acceleware Advisory Board | 2.58yrs | no data | no data | |
| Member of Acceleware Advisory Board | 2.58yrs | no data | no data | |
| Member of Acceleware Advisory Board | 2.58yrs | no data | no data | |
| Member of Acceleware Advisory Board | 2.58yrs | no data | no data | |
| Director | 0.58yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AXE | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jan 2006 |
| ACWR.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 2006 |
| 1XA | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 23:57 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.