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AXE

Acceleware TSXV:AXE Stock Report

Last Price

CA$0.60

Market Cap

CA$61.8m

7D

11.1%

1Y

87.5%

Updated

19 May, 2022

Data

Company Financials
AXE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
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$0.60
52 Week HighCA$0.80
52 Week LowCA$0.26
Beta1.12
1 Month Change-11.77%
3 Month Change-6.25%
1 Year Change87.50%
3 Year Change263.64%
5 Year Change242.86%
Change since IPO36.36%

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
7D11.1%5.6%2.7%
1Y87.5%-19.7%4.6%

Return vs Industry: AXE exceeded the Canadian Software industry which returned -17.4% over the past year.

Return vs Market: AXE exceeded the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is AXE's price volatile compared to industry and market?
AXE volatility
AXE Average Weekly Movement11.1%
Software Industry Average Movement12.0%
Market Average Movement9.8%
10% most volatile stocks in CA Market16.8%
10% least volatile stocks in CA Market4.3%

Stable Share Price: AXE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: AXE's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200419Geoff 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$61.76m
Earnings (TTM)-CA$4.08m
Revenue (TTM)CA$752.77k

86.5x

P/S Ratio

-15.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXE income statement (TTM)
RevenueCA$752.77k
Cost of RevenueCA$41.53k
Gross ProfitCA$711.24k
Other ExpensesCA$4.79m
Earnings-CA$4.08m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.038
Gross Margin94.48%
Net Profit Margin-541.94%
Debt/Equity Ratio0%

How did AXE perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

In this section, we usually try to help investors determine whether Acceleware is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Acceleware has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


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


23.2%

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.


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


-2.7%

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 2.7% 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 (-9.1%).


Return on Equity

High ROE: AXE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Acceleware's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • 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 is debt free.

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 more than 3 years based on its current free cash flow.

Forecast Cash Runway: AXE has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 13.1% each year


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?

8.3yrs

Average management tenure


CEO

Geoff Clark

11.67yrs

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 ($USD314.03K) is above average for companies of similar size in the Canadian market ($USD168.33K).

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 (8.3 years average tenure).


Board Members

Experienced Board: AXE's board of directors are considered experienced (3.9 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$61.763m
  • 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 Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2021/12/31
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.