Fortress Technologies
TSXV:FORT
FORT
TSXV
CA$11M
Market Cap
Company description
Fortress Technologies Inc. does not have significant operations. The last earnings update was 23 days ago. More info.
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FORT Share Price and Events
7 Day Returns
3.4%
TSXV:FORT
0.2%
CA Software
0.6%
CA Market
1 Year Returns
-
TSXV:FORT
8.5%
CA Software
-1.2%
CA Market
FORT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Fortress Technologies (FORT) | 3.4% | 3.4% | 25% | - | - | - |
| CA Software | 0.2% | 0.1% | 3% | 8.5% | 85.8% | 192.6% |
| CA Market | 0.6% | -1.6% | 1.6% | -1.2% | 12.2% | 5.5% |
1 Year Return vs Industry and Market
- No trading data on FORT.
- No trading data on FORT.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Fortress Technologies. This is due to cash flow or dividend data being unavailable. The share price is CA$0.15.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Fortress Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Fortress Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$-0.17 |
| TSXV:FORT Share Price ** | TSXV (2019-05-21) in CAD | CA$0.15 |
| Canada Software Industry PE Ratio | Median Figure of 15 Publicly-Listed Software Companies | 33.14x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 15.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Fortress Technologies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSXV:FORT Share Price ÷ EPS (both in CAD) = 0.15 ÷ -0.17 |
-0.89x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fortress Technologies is loss making, we can't compare its value to the CA Software industry average.
- Fortress Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does
Fortress Technologies's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -0.89x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Canada Software Industry PEG Ratio | Median Figure of 8 Publicly-Listed Software Companies | 2.36x |
| Canada Market PEG Ratio | Median Figure of 249 Publicly-Listed Companies | 1.17x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Fortress Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Fortress Technologies's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$0.17 |
| TSXV:FORT Share Price * | TSXV (2019-05-21) in CAD | CA$0.15 |
| Canada Software Industry PB Ratio | Median Figure of 75 Publicly-Listed Software Companies | 3.21x |
| Canada Market PB Ratio | Median Figure of 2,403 Publicly-Listed Companies | 1.44x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSXV:FORT Share Price ÷ Book Value per Share (both in CAD) = 0.15 ÷ 0.17 |
0.89x |
* Primary Listing of Fortress Technologies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fortress Technologies is good value based on assets compared to the CA Software industry average.
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Value checks
We assess Fortress Technologies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Fortress Technologies has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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 Fortress Technologies 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
-2.9%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Fortress Technologies
expected to grow at an
attractive
rate?
- Unable to compare Fortress Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Fortress Technologies's earnings growth to the Canada market average as no estimate data is available.
- Unable to compare Fortress Technologies's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| Canada Software Industry Earnings Growth Rate | Market Cap Weighted Average | -2.9% |
| Canada Software Industry Revenue Growth Rate | Market Cap Weighted Average | 13.2% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in CAD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2 | 0 | -11 |
| 2017-12-31 | 0 | 0 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Fortress Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.17 |
| 2017-12-31 | -0.26 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Fortress Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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Fortress Technologies has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Fortress Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Fortress Technologies has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Fortress Technologies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Fortress Technologies's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Fortress Technologies does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
- Unable to compare Fortress Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Fortress Technologies's 1-year growth to the CA Software industry average as it is not currently profitable.
Earnings and Revenue History
Fortress Technologies's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Fortress Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2.31 | -11.36 | 2.24 | |
| 2017-12-31 | -0.40 | 0.40 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Fortress Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Fortress Technologies has efficiently used its assets last year compared to the CA Software industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Fortress Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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Fortress Technologies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Fortress Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Fortress Technologies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Fortress Technologies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Fortress Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Fortress Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Fortress Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Fortress Technologies's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- Fortress Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
- Fortress Technologies has no debt.
- Fortress Technologies currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.
- Fortress Technologies has sufficient cash runway for 1.2 years based on current free cash flow.
- Fortress Technologies has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 200.1% each year.
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Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Fortress Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Fortress Technologies has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Fortress Technologies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Fortress Technologies
dividends.
If you bought
CA$2,000 of
Fortress Technologies
shares you are expected to receive
CA$0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate Fortress Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Fortress Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| North America Software Industry Average Dividend Yield | Market Cap Weighted Average of 26 Stocks | 1.4% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Fortress Technologies has not reported any payouts.
- Unable to verify if Fortress Technologies's dividend has been increasing as the company has not reported any payouts.
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Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Fortress Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Fortress Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Fortress Technologies has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Aydin
Kilic
| TENURE AS CEO | 0.8 years |
CEO Bio
Aydin Kilic has been President, Chief Executive Officer and Director of Fortress Blockchain Corp. since August 2018.
CEO Compensation
- Insufficient data for Aydin to compare compensation growth.
- Insufficient data for Aydin to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team
Aydin Kilic
TITLE
President
TENURE
0.8 yrs
Sean Ty
TITLE
Chief Financial Officer
TENURE
0.5 yrs
Board of Directors
Roy Sebag
TITLE
Chairman
AGE
32
Aydin Kilic
TITLE
President
TENURE
0.8 yrs
Josh Crumb
TITLE
Director
AGE
38
Michael Costa
TITLE
Director
TENURE
0.7 yrs
David Jaques
TITLE
Director
AGE
62
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Sep 18 | Buy | Roy Sebag | Individual | 04. Sep 18 | 07. Sep 18 | 1,235,500 | CA$0.16 | CA$180,733 | ||
| 29. Aug 18 | Buy | Roy Sebag | Individual | 22. Aug 18 | 28. Aug 18 | 1,120,500 | CA$0.18 | CA$187,626 | ||
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Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Fortress Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Fortress Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Fortress Technologies Inc. does not have significant operations. The company is evaluating opportunities in technology sectors. Previously, it was involved in the cryptocurrency mining operations in the North American green-energy regions. The company was formerly known as Fortress Blockchain Corp. and changed its name to Fortress Technologies Inc. in April 2019. Fortress Technologies Inc. is headquartered in Vancouver, Canada.
Details
| Name: | Fortress Technologies Inc. |
| FORT | |
| Exchange: | TSXV |
| Founded: | |
| CA$10,676,697 | |
| 71,177,984 | |
| Website: | http://www.fortresstechnologies.io |
| Address: |
Fortress Technologies Inc. 638 Broughton Street, Suite 320, Vancouver, British Columbia, V6G 3K3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSXV | FORT | Common Shares | TSX Venture Exchange | CA | CAD | 17. Aug 2018 | |
| DB | FB0 | Common Shares | Deutsche Boerse AG | DE | EUR | 17. Aug 2018 |
Number of employees
Current staff
0
Fortress Technologies
employees.
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 06:48 |
| End of day share price update: | 2019/05/21 00:00 |
| Last earnings filing: | 2019/04/30 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
