CNSX:PRT

Stock Analysis Report

Plymouth Rock Technologies

Executive Summary

Plymouth Rock Technologies Inc., through its subsidiary, Plymouth Rock USA, focuses on developing security screening and threat detection technology solutions using radar imaging and signal processing technology.

Risk Analysis

Earnings have declined by -67.42% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$20K)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 2 more risks


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Plymouth Rock Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

PRT

-2.8%

CA Electronic

-0.9%

CA Market


1 Year Return

-25.8%

PRT

-6.5%

CA Electronic

8.3%

CA Market

Return vs Industry: PRT underperformed the Canadian Electronic industry which returned -3.7% over the past year.

Return vs Market: PRT underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

PRTIndustryMarket
7 Day-2.1%-2.8%-0.9%
30 Day-2.1%3.8%1.1%
90 Day-8.0%10.0%5.3%
1 Year-25.8%-25.8%-3.6%-6.5%11.7%8.3%
3 Yearn/a-13.4%-18.0%17.3%6.7%
5 Year206.7%206.7%4.0%-7.4%33.3%13.9%

Price Volatility Vs. Market

How volatile is Plymouth Rock Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Plymouth Rock Technologies undervalued compared to its fair value and its price relative to the market?

5.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PRT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PRT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PRT is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: PRT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PRT is overvalued based on its PB Ratio (5.6x) compared to the CA Electronic industry average (2.4x).


Next Steps

Future Growth

How is Plymouth Rock Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.6%

Forecasted Tech 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 Plymouth Rock Technologies 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

Past Performance

How has Plymouth Rock Technologies performed over the past 5 years?

-67.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRT is currently unprofitable.

Growing Profit Margin: PRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRT is unprofitable, and losses have increased over the past 5 years at a rate of -67.4% per year.

Accelerating Growth: Unable to compare PRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (22.1%).


Return on Equity

High ROE: PRT has a negative Return on Equity (-94.42%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Plymouth Rock Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: PRT's short term assets (CA$1.4M) exceed its short term liabilities (CA$164.3K).

Long Term Liabilities: PRT's short term assets (CA$1.4M) exceed its long term liabilities (CA$245.7K).


Debt to Equity History and Analysis

Debt Level: PRT is debt free.

Reducing Debt: PRT had no debt 5 years ago.


Balance Sheet

Inventory Level: PRT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PRT's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PRT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PRT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -100.5% each year


Next Steps

Dividend

What is Plymouth Rock Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.5%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PRT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRT'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 PRT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Plymouth Rock Technologies's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Dana Wheeler (60yo)

1.3yrs

Tenure

0

Mr. Dana E. Wheeler has been Chief Executive Officer, President and Director of Plymouth Rock Technologies Inc. since October 30, 2018. Mr. Wheeler served as General Manager and Senior Vice President of Mi ...


Management Age and Tenure

2.0yrs

Average Tenure

54yo

Average Age

Experienced Management: PRT's management team is considered experienced (2 years average tenure).


Board Age and Tenure

1.0yrs

Average Tenure

57yo

Average Age

Experienced Board: PRT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47.9%.


Management Team

  • Dana Wheeler (60yo)

    President

    • Tenure: 1.3yrs
  • Zara Kanji-Aquino (48yo)

    Chief Financial Officer

    • Tenure: 2yrs
  • Vivian Katsuris (54yo)

    Secretary & Director

    • Tenure: 2.2yrs
  • Carl Cagliarini

    Senior Vice President of Business Development

    • David Russell

      Senior Vice President of Engineering Operations


      Board Members

      • Dana Wheeler (60yo)

        President

        • Tenure: 1.3yrs
      • George Stubos

        Director

        • Tenure: 0.2yrs
      • Tim Crowhurst (53yo)

        Independent Director

        • Tenure: 0.5yrs
        • Compensation: CA$9.12k
      • Douglas Smith

        Member of Advisory Board

        • Tenure: 1yrs
      • Vivian Katsuris (54yo)

        Secretary & Director

        • Tenure: 2.2yrs
      • Angelos Kostopoulos (61yo)

        Independent Director

        • Tenure: 1.2yrs
      • Stuart Harmer

        Chairman of Advisory Board

        • Tenure: 1yrs
      • Jason Elwood

        Member of Advisory Board

        • Tenure: 1yrs

      Company Information

      Plymouth Rock Technologies Inc.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Plymouth Rock Technologies Inc.
      • Ticker: PRT
      • Exchange: CNSX
      • Founded:
      • Industry: Electronic Equipment and Instruments
      • Sector: Tech
      • Market Cap: CA$15.086m
      • Shares outstanding: 32.80m
      • Website: https://www.plyrotech.com

      Location

      • Plymouth Rock Technologies Inc.
      • 300 - 2015 Burrard Street
      • Vancouver
      • British Columbia
      • V6J 3H4
      • Canada

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      PRTCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMay 2012
      PLRT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2012
      4XADB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2012
      4XADB (Deutsche Boerse AG)COM NPVDEEURNov 2018

      Biography

      Plymouth Rock Technologies Inc., through its subsidiary, Plymouth Rock USA, focuses on developing security screening and threat detection technology solutions using radar imaging and signal processing technology. Its technologies include millimeter remote imaging system from airborne drone, a RF sensor package that is designed for use on unmanned aerial vehicles; compact microwave radar systems for scanning shoe’s; and Wi-Fi radar techniques for threat detection screening in Wi-Fi enabled zones in buildings and places, such as airports, shopping malls, schools, and sports venues. Plymouth Rock Technologies Inc. is headquartered in Vancouver, Canada. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/29 01:01
      End of Day Share Price2020/01/28 00:00
      Earnings2019/08/31
      Annual Earnings2018/11/30


      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.