Executive Summary
Fortress Technologies Inc. does not have significant operations. More Details
Risk Analysis
+ 1 more risk
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
-17.3%
FORT
6.2%
CA Software
0.7%
CA Market
1 Year Return
65.4%
FORT
46.9%
CA Software
2.1%
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
| FORT | Industry | Market | |
|---|---|---|---|
| 7 Day | -17.3% | 6.2% | 0.7% |
| 30 Day | -18.9% | 8.9% | 4.6% |
| 90 Day | 53.6% | 30.9% | 13.5% |
| 1 Year | 65.4%65.4% | 47.5%46.9% | 5.8%2.1% |
| 3 Year | n/a | 76.1%72.4% | 13.9%3.1% |
| 5 Year | n/a | 182.3%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
8 months ago | Simply Wall St
What Percentage Of Fortress Technologies Inc. (CVE:FORT) Shares Do Insiders Own?9 months ago | Simply Wall St
If You Had Bought Fortress Technologies (CVE:FORT) Stock A Year Ago, You'd Be Sitting On A 19% Loss, Today1 year ago | Simply Wall St
Can We See Significant Insider Ownership On The Fortress Technologies Inc. (CVE:FORT) Share Register?Valuation
Is Fortress Technologies undervalued compared to its fair value and its price relative to the market?
1.43x
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?
27.0%
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
- Examine Fortress Technologies'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.
- Fortress Technologies 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 Fortress Technologies performed over the past 5 years?
91.2%
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
Dividend
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
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average board tenure
CEO
Aydin Kilic
2.42yrs
Tenure
CA$377,375
Compensation
Mr. Aydin Kilic has been President, Chief Executive Officer since August 2018 and Director since August 16, 2018 at Fortress Technologies Inc.
CEO Compensation Analysis
Compensation vs Market: Aydin's total compensation ($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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.42yrs | CA$377.38k | 6.86% CA$ 1.1m | |
| Independent Director | 2.42yrs | no data | 0.71% CA$ 112.5k | |
| Independent Director | 2.42yrs | no data | 0.86% CA$ 135.0k | |
| Chairman | 2.42yrs | no data | 10.8% CA$ 1.7m | |
| Independent Director | 2.42yrs | no data | 0.38% CA$ 59.6k |
2.4yrs
Average Tenure
40yo
Average Age
Experienced Board: FORT's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
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
Location
- Fortress Technologies Inc.
- 320 – 638 Broughton Street
- Vancouver
- British Columbia
- V6G 3K3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FORT | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Aug 2018 |
| FB0 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2018 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:38 |
| End of Day Share Price | 2021/01/21 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.