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NDA

Neptune Digital Assets TSXV:NDA Stock Report

Last Price

CA$0.26

Market Cap

CA$31.9m

7D

21.4%

1Y

-55.3%

Updated

04 Oct, 2022

Data

Company Financials +
NDA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

NDA Stock Overview

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada.

Neptune Digital Assets Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Neptune Digital Assets
Historical stock prices
Current Share PriceCA$0.26
52 Week HighCA$0.82
52 Week LowCA$0.17
Beta2.23
1 Month Change8.51%
3 Month Change18.61%
1 Year Change-55.26%
3 Year Change292.31%
5 Year Changen/a
Change since IPO-57.50%

Recent News & Updates

Jan 11
Here's Why We're Not Too Worried About Neptune Digital Assets' (CVE:NDA) Cash Burn Situation

Here's Why We're Not Too Worried About Neptune Digital Assets' (CVE:NDA) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

NDACA SoftwareCA Market
7D21.4%6.7%5.7%
1Y-55.3%-33.0%-2.5%

Return vs Industry: NDA underperformed the Canadian Software industry which returned -35% over the past year.

Return vs Market: NDA underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is NDA's price volatile compared to industry and market?
NDA volatility
NDA Average Weekly Movement16.6%
Software Industry Average Movement11.8%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: NDA is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: NDA's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aCale Moodiehttps://neptunedigitalassets.com

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It invests in digital asset ecosystem, including Bitcoin mining, staking cryptocurrencies, decentralized finance, yield farming, and liquidity mining, as well as operates blockchain nodes and other associated blockchain technology projects.

Neptune Digital Assets Fundamentals Summary

How do Neptune Digital Assets's earnings and revenue compare to its market cap?
NDA fundamental statistics
Market CapCA$31.85m
Earnings (TTM)CA$1.99m
Revenue (TTM)CA$1.36m

16.0x

P/E Ratio

23.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NDA income statement (TTM)
RevenueCA$1.36m
Cost of RevenueCA$233.29k
Gross ProfitCA$1.13m
Other Expenses-CA$863.76k
EarningsCA$1.99m

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.016
Gross Margin82.87%
Net Profit Margin146.30%
Debt/Equity Ratio0.0%

How did NDA perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NDA 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/Revenue22.5x
Enterprise Value/EBITDA-19.9x
PEG Ratio-0.08x

Price to Earnings Ratio vs Peers

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

NDA PE Ratio vs Peers
The above table shows the PE ratio for NDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15x
ZOMD Zoomd Technologies
5.5xn/aCA$25.6m
MWRK MetaWorks Platforms
13.1xn/aCA$7.4m
BEW BeWhere Holdings
39.4xn/aCA$19.4m
DGHI Digihost Technology
1.9xn/aCA$28.9m
NDA Neptune Digital Assets
16x-204.8%CA$31.9m

Price-To-Earnings vs Peers: NDA is expensive based on its Price-To-Earnings Ratio (16x) compared to the peer average (15x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: NDA is good value based on its Price-To-Earnings Ratio (16x) compared to the North American Software industry average (39.4x)


Price to Earnings Ratio vs Fair Ratio

What is NDA'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.

NDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio1.9x

Price-To-Earnings vs Fair Ratio: NDA is expensive based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (1.9x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate NDA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NDA's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Neptune Digital Assets forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-204.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NDA's earnings are forecast to decline over the next 3 years (-204.8% per year).

Earnings vs Market: NDA's earnings are forecast to decline over the next 3 years (-204.8% per year).

High Growth Earnings: NDA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NDA's revenue (79.4% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: NDA's revenue (79.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NDA's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Neptune Digital Assets 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


101.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NDA has a large one-off loss of CA$2.0M impacting its May 31 2022 financial results.

Growing Profit Margin: NDA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NDA has become profitable over the past 5 years, growing earnings by 101.4% per year.

Accelerating Growth: NDA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NDA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (27.8%).


Return on Equity

High ROE: NDA's Return on Equity (4.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Neptune Digital Assets's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NDA's short term assets (CA$24.1M) exceed its short term liabilities (CA$329.5K).

Long Term Liabilities: NDA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NDA is debt free.

Reducing Debt: NDA had no debt 5 years ago.

Debt Coverage: NDA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NDA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Neptune Digital Assets's 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

  • Cash Flow Coverage

Dividend Yield vs Market

Neptune Digital Assets Dividend Yield vs Market
How does Neptune Digital Assets dividend yield compare to the market?
SegmentDividend Yield
Company (Neptune Digital Assets)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)5.9%
Industry Average (Software)0.4%
Analyst forecast in 3 Years (Neptune Digital Assets)n/a

Notable Dividend: Unable to evaluate NDA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Discover strong dividend paying companies

Management

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

4.8yrs

Average management tenure


CEO

Cale Moodie (46 yo)

4.75yrs

Tenure

CA$3,137,479

Compensation

Mr. Cale J. Moodie, BSF, CPA, CA, served as the Chief Financial Officer of Minaurum Gold Inc. since March 4, 2011 until August 2021. He served as Director and Chief Financial Officer of Eden Empire Inc. si...


Leadership Team

Experienced Management: NDA's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: NDA's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: NDA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:NDA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Aug 22BuyCA$2,000Cale MoodieIndividual8,000CA$0.25
19 Aug 22BuyCA$11,250Dario MeliIndividual45,000CA$0.25
09 Aug 22BuyCA$2,007Mitchell DemeterIndividual7,300CA$0.27
08 Aug 22BuyCA$22,800Cale MoodieIndividual80,000CA$0.28
05 Aug 22BuyCA$2,070Mitchell DemeterIndividual6,900CA$0.30
04 Aug 22BuyCA$1,994Mitchell DemeterIndividual6,900CA$0.29
28 Jul 22BuyCA$2,700Cale MoodieIndividual10,000CA$0.27
21 Jul 22BuyCA$2,900Cale MoodieIndividual10,000CA$0.29
20 Jul 22BuyCA$1,625Cale MoodieIndividual5,000CA$0.32
19 Jul 22BuyCA$11,100Cale MoodieIndividual40,000CA$0.29
15 Jul 22BuyCA$3,150Cale MoodieIndividual15,000CA$0.21
08 Jul 22BuyCA$5,750Cale MoodieIndividual25,000CA$0.23
28 Apr 22BuyCA$2,744Kalle RadageIndividual7,000CA$0.40
20 Apr 22BuyCA$2,000Cale MoodieIndividual5,000CA$0.40
18 Apr 22BuyCA$6,800Man ToIndividual17,000CA$0.40
14 Apr 22BuyCA$4,200Cale MoodieIndividual10,000CA$0.42
11 Apr 22BuyCA$4,300Cale MoodieIndividual10,000CA$0.43
08 Apr 22BuyCA$45,060Dario MeliIndividual100,000CA$0.45
07 Apr 22BuyCA$3,080Man ToIndividual7,000CA$0.44
01 Apr 22BuyCA$4,750Cale MoodieIndividual10,000CA$0.48
25 Mar 22BuyCA$7,125Cale MoodieIndividual15,000CA$0.47
24 Jan 22BuyCA$87,140Dario MeliIndividual200,000CA$0.44
19 Jan 22BuyCA$4,700Man ToIndividual10,000CA$0.47
04 Jan 22BuyCA$17,640Cale MoodieIndividual31,500CA$0.56
31 Dec 21BuyCA$12,006Cale MoodieIndividual20,700CA$0.58
02 Dec 21BuyCA$26,000Cale MoodieIndividual40,000CA$0.65
02 Dec 21BuyCA$10,000Mitchell DemeterIndividual15,384CA$0.65
26 Nov 21BuyCA$5,600Man ToIndividual10,000CA$0.56
07 Oct 21BuyCA$5,200Kalle RadageIndividual10,000CA$0.52

Ownership Breakdown

What is the ownership structure of NDA?
Owner TypeNumber of SharesOwnership Percentage
Institutions4,556,8053.6%
Individual Insiders5,605,4844.5%
General Public114,747,52291.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 6 shareholders own 8.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3.65%
Neptune Asset Group Inc.,
4,556,805CA$1.2m0%no data
2.84%
Cale Moodie
3,548,963CA$905.0k5.75%no data
0.74%
Kalle Radage
923,430CA$235.5k-31.19%no data
0.57%
Dario Meli
708,000CA$180.5k6.79%no data
0.23%
Man To
288,476CA$73.6k9.07%no data
0.11%
Mitchell Demeter
136,615CA$34.8k18.27%no data

Company Information

Neptune Digital Assets Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Neptune Digital Assets Corp.
  • Ticker: NDA
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: CA$31.852m
  • Shares outstanding: 124.91m
  • Website: https://neptunedigitalassets.com

Location

  • Neptune Digital Assets Corp.
  • Park Place
  • Suite 2800
  • Vancouver
  • British Columbia
  • V6C 2Z7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NDATSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2018
NPPT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2018
1NWDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.