AirIQ (TSXV:IQ) - Share price, News & Analysis

IQ fundamental analysis
Snowflake Score
Valuation	3/6
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.

Rewards

Trading at 35.4% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (CA$8M)

Profit margins (12.4%) are lower than last year (17.8%)

Does not have meaningful revenue (CA$4M)

AirIQ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AirIQ
Historical stock prices
Current Share Price	CA$0.26
52 Week High	CA$0.35
52 Week Low	CA$0.26
Beta	0.86
1 Month Change	-10.35%
3 Month Change	-13.33%
1 Year Change	-11.86%
3 Year Change	40.54%
5 Year Change	67.74%
Change since IPO	-99.53%

Recent News & Updates

Nov 23

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...

Sep 23

Shareholders Would Not Be Objecting To AirIQ Inc.'s (CVE:IQ) CEO Compensation And Here's Why

It would be hard to discount the role that CEO Mike Robb has played in delivering the impressive results at AirIQ Inc...

Shareholder Returns

	IQ	CA Software	CA Market
7D	-3.7%	2.0%	0.8%
1Y	-11.9%	-17.7%	4.9%

Return vs Industry: IQ exceeded the Canadian Software industry which returned -17.7% over the past year.

Return vs Market: IQ underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is IQ's price volatile compared to industry and market?
IQ volatility
IQ Average Weekly Movement	6.8%
Software Industry Average Movement	12.0%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: IQ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IQ's weekly volatility (7%) 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

How do AirIQ's earnings and revenue compare to its market cap?
IQ fundamental statistics
Market Cap	CA$7.73m
Earnings (TTM)	CA$522.00k
Revenue (TTM)	CA$4.23m

14.8x

P/E Ratio

1.8x

P/S Ratio

Is IQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

35.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: IQ (CA$0.26) 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 Ratio

PE vs Industry: IQ is good value based on its PE Ratio (14.8x) compared to the Canadian Software industry average (44.1x).

PE vs Market: IQ is poor value based on its PE Ratio (14.8x) compared to the Canadian market (11.5x).

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 overvalued based on its PB Ratio (2.5x) compared to the CA Software industry average (2.4x).

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

27.6%

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.

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 (-9.1%).

Return on Equity

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

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

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?

9.5yrs

Average board tenure

CEO

Mike Robb

7.75yrs

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 ($USD175.36K) is about average for companies of similar size in the Canadian market ($USD168.24K).

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 (9.5 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31