| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
IQ Stock Overview
AirIQ Inc. provides IoT based asset management solutions in Canada.
AirIQ Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.27 |
| 52 Week High | CA$0.35 |
| 52 Week Low | CA$0.26 |
| Beta | 0.87 |
| 1 Month Change | 3.85% |
| 3 Month Change | -6.90% |
| 1 Year Change | -3.57% |
| 3 Year Change | 35.00% |
| 5 Year Change | 107.69% |
| Change since IPO | -99.51% |
Recent News & Updates
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
| IQ | CA Software | CA 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
| IQ volatility | |
|---|---|
| IQ Average Weekly Movement | 7.8% |
| Software Industry Average Movement | 13.1% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.4% |
| 10% least volatile stocks in CA Market | 4.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | n/a | Mike Robb | https://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
| IQ fundamental statistics | |
|---|---|
| Market Cap | CA$8.03m |
| Earnings (TTM) | CA$522.00k |
| Revenue (TTM) | CA$4.23m |
15.4x
P/E Ratio1.9x
P/S RatioIs IQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IQ income statement (TTM) | |
|---|---|
| Revenue | CA$4.23m |
| Cost of Revenue | CA$1.62m |
| Gross Profit | CA$2.60m |
| Other Expenses | CA$2.08m |
| Earnings | CA$522.00k |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.018 |
| Gross Margin | 61.57% |
| Net Profit Margin | 12.35% |
| Debt/Equity Ratio | 1.3% |
How did IQ perform over the long term?
See historical performance and comparisonValuation
Is IQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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.
| What is IQ's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$8.03m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 13.3x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does IQ's PE Ratio compare to its peers?
| IQ PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 18.1x | ||
GKO Geekco Technologies | 7.5x | n/a | CA$8.1m |
GOK GINSMS | 17.1x | n/a | CA$6.0m |
NCI NTG Clarity Networks | 3.8x | n/a | CA$4.4m |
NPA Alphinat | 43.9x | n/a | CA$4.7m |
IQ AirIQ | 15.4x | n/a | CA$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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.4x |
| Fair PE Ratio | n/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.
Discover undervalued companies
Future Growth
How is AirIQ forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future 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
2/6Past 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
5/6Financial 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
Discover healthy companies
Dividend
What is AirIQ current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/06/30 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/03/31 |
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.