Stock Analysis Report

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Fortress Technologies

Executive Summary

Fortress Technologies Inc. does not have significant operations. More Details

Snowflake Analysis

Flawless balance sheet and overvalued.

Similar Companies

Share Price & News

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

Latest Share Price and Events

Stable Share Price: FORT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: FORT's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

Market Performance

7 Day Return




CA Software


CA Market

1 Year Return




CA Software


CA Market

Return vs Industry: FORT exceeded the Canadian Software industry which returned 45.9% over the past year.

Return vs Market: FORT exceeded the Canadian Market which returned 2% over the past year.

Shareholder returns

7 Day-17.3%6.2%0.7%
30 Day-18.9%8.9%4.6%
90 Day53.6%30.9%13.5%
1 Year65.4%65.4%47.5%46.9%5.8%2.1%
3 Yearn/a76.1%72.4%13.9%3.1%
5 Yearn/a182.3%173.3%67.3%41.6%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: FORT is good value based on its PB Ratio (1.5x) compared to the CA Software industry average (7.8x).

Next Steps

Future Growth

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


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 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 SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Fortress Technologies performed over the past 5 years?


Last years earnings growth

Earnings and Revenue History

Quality Earnings: FORT is currently unprofitable.

Growing Profit Margin: FORT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FORT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare FORT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FORT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (31.8%).

Return on Equity

High ROE: FORT has a negative Return on Equity (-8.29%), as it is currently unprofitable.

Next Steps

Financial Health

How is Fortress Technologies's financial position?

Financial Position Analysis

Short Term Liabilities: FORT's short term assets (CA$10.5M) exceed its short term liabilities (CA$255.3K).

Long Term Liabilities: FORT has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FORT is debt free.

Reducing Debt: FORT had no debt 5 years ago.

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: FORT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FORT has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 53.8% each year

Next Steps


What is Fortress Technologies's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FORT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FORT'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 FORT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FORT'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 FORT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.

Next Steps


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


Average board tenure


Aydin Kilic





Mr. Aydin Kilic has been President, Chief Executive Officer since August 2018 and Director since August 16, 2018 at Fortress Technologies Inc.

CEO Compensation Analysis

Compensation vs Market: Aydin's total compensation ($USD298.49K) is above average for companies of similar size in the Canadian market ($USD153.63K).

Compensation vs Earnings: Aydin's compensation has increased whilst the company is unprofitable.

Board Members

Aydin Kilic
CA$ 1.1m
David Jaques
Independent Director2.42yrsno data0.71%
CA$ 112.5k
Joshua Crumb
Independent Director2.42yrsno data0.86%
CA$ 135.0k
Roy Sebag
Chairman2.42yrsno data10.8%
CA$ 1.7m
Michael Costa
Independent Director2.42yrsno data0.38%
CA$ 59.6k


Average Tenure


Average Age

Experienced Board: FORT's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Insider Trading Volume

Insider Buying: FORT insiders have only sold 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

Fortress Technologies Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Fortress Technologies Inc.
  • Ticker: FORT
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$15.736m
  • Shares outstanding: 69.94m
  • Website: https://www.fortresstechnologies.io


  • Fortress Technologies Inc.
  • 320 – 638 Broughton Street
  • Vancouver
  • British Columbia
  • V6G 3K3
  • Canada


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FORTTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2018
FB0DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2018


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 No...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 00:38
End of Day Share Price2021/01/21 00:00
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.