Executive Summary
AirIQ Inc. develops and operates a telematics asset management system using specialized software, digitized mapping, wireless communications, the internet, and the global positioning system in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with solid track record.
Share Price & News
How has AirIQ's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IQ is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: IQ's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-5.4%
IQ
5.9%
CA Software
-0.2%
CA Market
1 Year Return
27.3%
IQ
52.4%
CA Software
2.4%
CA Market
Return vs Industry: IQ underperformed the Canadian Software industry which returned 52.4% over the past year.
Return vs Market: IQ exceeded the Canadian Market which returned 2.4% over the past year.
Shareholder returns
| IQ | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | 5.9% | -0.2% |
| 30 Day | -4.1% | 8.3% | 2.8% |
| 90 Day | -18.6% | 35.0% | 15.1% |
| 1 Year | 27.3%27.3% | 53.0%52.4% | 6.1%2.4% |
| 3 Year | 89.2%89.2% | 86.1%81.9% | 14.7%3.8% |
| 5 Year | 268.4%268.4% | 209.6%198.5% | 62.6%37.5% |
Long-Term Price Volatility Vs. Market
How volatile is AirIQ's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
A Look At AirIQ's (CVE:IQ) CEO Remuneration2 months ago | Simply Wall St
AirIQ Inc.'s (CVE:IQ) Stock Is Going Strong: Is the Market Following Fundamentals?3 months ago | Simply Wall St
Here's Why I Think AirIQ (CVE:IQ) Might Deserve Your Attention TodayValuation
Is AirIQ undervalued compared to its fair value and its price relative to the market?
15.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IQ (CA$0.35) is trading above our estimate of fair value (CA$0.11)
Significantly Below Fair Value: IQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IQ is good value based on its PE Ratio (15.8x) compared to the CA Software industry average (50.8x).
PE vs Market: IQ is good value based on its PE Ratio (15.8x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IQ is good value based on its PB Ratio (3.9x) compared to the CA Software industry average (7.4x).
Next Steps
Future Growth
How is AirIQ forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.2%
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 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.
Next Steps
- 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.
- Explore growth companies in the Software industry.
Past Performance
How has AirIQ performed over the past 5 years?
13.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IQ has a high level of non-cash earnings.
Growing Profit Margin: IQ's current net profit margins (17.8%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: IQ's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: IQ's earnings growth over the past year (41.2%) exceeds its 5-year average (13.1% per year).
Earnings vs Industry: IQ earnings growth over the past year (41.2%) exceeded the Software industry 25.3%.
Return on Equity
High ROE: IQ's Return on Equity (24.9%) is considered high.
Next Steps
Financial Health
How is AirIQ's financial position?
Financial Position Analysis
Short Term Liabilities: IQ's short term assets (CA$2.8M) exceed its short term liabilities (CA$1.1M).
Long Term Liabilities: IQ's short term assets (CA$2.8M) exceed its long term liabilities (CA$128.0K).
Debt to Equity History and Analysis
Debt Level: IQ's debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IQ's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IQ's debt is well covered by operating cash flow (1595%).
Interest Coverage: IQ earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is AirIQ current dividend yield, its reliability and sustainability?
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.
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 IQ'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?
8.1yrs
Average board tenure
CEO
Mike Robb
6.42yrs
Tenure
CA$188,539
Compensation
Mr. Michael J. Robb, also known as Mike, has been the Chief Executive Officer and President of AirIQ Inc. since August 30, 2014 and as served as its Chief Financial Officer since December 7, 2016 until Apr...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD147.78K) is about average for companies of similar size in the Canadian market ($USD152.60K).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | CA$188.54k | 2.75% CA$ 301.9k | |
| Independent Chairman of the Board | 10.58yrs | CA$10.00k | 7.31% CA$ 803.4k | |
| Independent Director | 3.17yrs | CA$5.00k | no data | |
| Observer | 9.75yrs | no data | no data |
8.1yrs
Average Tenure
Experienced Board: IQ's board of directors are considered experienced (8.1 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AirIQ Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AirIQ Inc.
- Ticker: IQ
- Exchange: TSXV
- Founded: 1997
- Industry: Application Software
- Sector: Software
- Market Cap: CA$10.991m
- Shares outstanding: 29.71m
- Website: https://www.airiq.com
Location
- AirIQ Inc.
- 1815 Ironstone Manor
- Unit 9
- Pickering
- Ontario
- L1W 3W9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IQ | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Feb 1995 |
| AILQ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Feb 1995 |
Biography
AirIQ Inc. develops and operates a telematics asset management system using specialized software, digitized mapping, wireless communications, the internet, and the global positioning system in Canada. Its ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 00:14 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.