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IQ

AirIQ TSXV:IQ Stock Report

Last Price

CA$0.27

Market Cap

CA$8.0m

7D

-1.8%

1Y

-3.6%

Updated

03 Jul, 2022

Data

Company Financials
IQ fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

IQ Stock Overview

AirIQ Inc. provides IoT based asset management solutions in Canada.

AirIQ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AirIQ
Historical stock prices
Current Share PriceCA$0.27
52 Week HighCA$0.35
52 Week LowCA$0.26
Beta0.87
1 Month Change3.85%
3 Month Change-6.90%
1 Year Change-3.57%
3 Year Change35.00%
5 Year Change107.69%
Change since IPO-99.51%

Recent News & Updates

Nov 23
Calculating The Intrinsic Value Of AirIQ Inc. (CVE:IQ)

Calculating The Intrinsic Value Of AirIQ Inc. (CVE:IQ)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of AirIQ Inc. ( CVE:IQ...

Shareholder Returns

IQCA SoftwareCA Market
7D-1.8%-3.4%-0.8%
1Y-3.6%-29.5%-5.0%

Return vs Industry: IQ exceeded the Canadian Software industry which returned -28.7% over the past year.

Return vs Market: IQ exceeded the Canadian Market which returned -5% over the past year.

Price Volatility

Is IQ's price volatile compared to industry and market?
IQ volatility
IQ Average Weekly Movement7.8%
Software Industry Average Movement13.1%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: IQ is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: IQ's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aMike Robbhttps://www.airiq.com

AirIQ Inc. provides IoT based asset management solutions in Canada. Its web-based platform provides fleet operators and vehicle owners with a suite of asset management solutions to monitor, manage, and protect their assets. The company offers its services through online or a mobile app, including instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts, and vehicle disabling and unauthorized movement alerts.

AirIQ Fundamentals Summary

How do AirIQ's earnings and revenue compare to its market cap?
IQ fundamental statistics
Market CapCA$8.03m
Earnings (TTM)CA$522.00k
Revenue (TTM)CA$4.23m

15.4x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IQ income statement (TTM)
RevenueCA$4.23m
Cost of RevenueCA$1.62m
Gross ProfitCA$2.60m
Other ExpensesCA$2.08m
EarningsCA$522.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.018
Gross Margin61.57%
Net Profit Margin12.35%
Debt/Equity Ratio1.3%

How did IQ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IQ?

Other financial metrics that can be useful for relative valuation.

IQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA13.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IQ's PE Ratio compare to its peers?

IQ PE Ratio vs Peers
The above table shows the PE ratio for IQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.1x
GKO Geekco Technologies
7.5xn/aCA$8.1m
GOK GINSMS
17.1xn/aCA$6.0m
NCI NTG Clarity Networks
3.8xn/aCA$4.4m
NPA Alphinat
43.9xn/aCA$4.7m
IQ AirIQ
15.4xn/aCA$8.0m

Price-To-Earnings vs Peers: IQ is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (18.1x).


Price to Earnings Ratio vs Industry

How does IQ's PE Ratio compare vs other companies in the CA Software Industry?

Price-To-Earnings vs Industry: IQ is good value based on its Price-To-Earnings Ratio (15.4x) compared to the Canadian Software industry average (44.3x)


Price to Earnings Ratio vs Fair Ratio

What is IQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IQ's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IQ (CA$0.27) is trading below our estimate of fair value (CA$0.4)

Significantly Below Fair Value: IQ is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IQ's PEG Ratio to determine if it is good value.


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Future Growth

How is AirIQ 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


29.5%

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 AirIQ 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.


Discover growth companies

  • Examine whether AirIQ is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • AirIQ competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has AirIQ performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IQ has high quality earnings.

Growing Profit Margin: IQ's current net profit margins (12.4%) are lower than last year (17.8%).


Past Earnings Growth Analysis

Earnings Trend: IQ's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: IQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IQ had negative earnings growth (-22%) over the past year, making it difficult to compare to the Software industry average (7.6%).


Return on Equity

High ROE: IQ's Return on Equity (16.7%) is considered low.


Discover strong past performing companies

Financial Health

How is AirIQ's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IQ's short term assets (CA$3.1M) exceed its short term liabilities (CA$1.3M).

Long Term Liabilities: IQ's short term assets (CA$3.1M) exceed its long term liabilities (CA$168.0K).


Debt to Equity History and Analysis

Debt Level: IQ has more cash than its total debt.

Reducing Debt: IQ's debt to equity ratio has reduced from 2.9% to 1.3% over the past 5 years.

Debt Coverage: IQ's debt is well covered by operating cash flow (2977.5%).

Interest Coverage: Insufficient data to determine if IQ's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is AirIQ 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 IQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if IQ'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 IQ has not reported any payouts.


Discover strong dividend paying companies

Management

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

9.6yrs

Average board tenure


CEO

Mike Robb

7.92yrs

Tenure

CA$225,138

Compensation

Mr. Michael J. Robb, also known as Mike, has been the Chief Executive Officer and President of AirIQ Inc. since August 20, 2014 and served as its Chief Financial Officer since December 7, 2016 until April...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD174.32K) is about average for companies of similar size in the Canadian market ($USD191.60K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: IQ's board of directors are considered experienced (9.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IQ 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

AirIQ Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AirIQ Inc.
  • Ticker: IQ
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: CA$8.027m
  • Shares outstanding: 29.73m
  • Website: https://www.airiq.com

Location

  • AirIQ Inc.
  • 1815 Ironstone Manor
  • Unit 9
  • Pickering
  • Ontario
  • L1W 3W9
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/06/30 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.