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AgJunction

TSX:AJX
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AJX
TSX
CA$83M
Market Cap
  1. Home
  2. CA
  3. Tech
Company description

AgJunction Inc. provides guidance and autosteering solutions for precision agriculture applications worldwide. The last earnings update was 32 days ago. More info.


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AJX Share Price and Events
7 Day Returns
-5.4%
TSX:AJX
-1.1%
CA Communications
0.8%
CA Market
1 Year Returns
-22.2%
TSX:AJX
-9%
CA Communications
3.9%
CA Market
AJX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AgJunction (AJX) -5.4% 1.4% -14.6% -22.2% 45.8% -29.3%
CA Communications -1.1% 2.5% 2.9% -9% -3.4% -8.2%
CA Market 0.8% 2.3% 7.8% 3.9% 15.4% 7.5%
1 Year Return vs Industry and Market
  • AJX underperformed the Communications industry which returned -9% over the past year.
  • AJX underperformed the Market in Canada which returned 3.9% over the past year.
Price Volatility
AJX
Industry
5yr Volatility vs Market
Related Companies

AJX Value

 Is AgJunction undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AgJunction to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AgJunction.

TSX:AJX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:AJX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.167 (1 + (1- 21%) (0%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.112 * 5.96%)
8.57%

Discounted Cash Flow Calculation for TSX:AJX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AgJunction is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:AJX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.57%)
2019 0.08 Est @ -84.51% 0.07
2020 0.03 Est @ -58.57% 0.03
2021 0.02 Est @ -40.41% 0.02
2022 0.01 Est @ -27.71% 0.01
2023 0.01 Est @ -18.81% 0.01
2024 0.01 Est @ -12.58% 0.01
2025 0.01 Est @ -8.22% 0.01
2026 0.01 Est @ -5.17% 0.00
2027 0.01 Est @ -3.04% 0.00
2028 0.01 Est @ -1.54% 0.00
Present value of next 10 years cash flows $0.16
TSX:AJX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.01 × (1 + 1.95%) ÷ (8.57% – 1.95%)
$0.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.13 ÷ (1 + 8.57%)10
$0.06
TSX:AJX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.16 + $0.06
$0.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.21 / 118.98
$0
TSX:AJX Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:AJX)
1.339
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0 x 1.339
CA$0
Value per share (CAD) From above. CA$0.00
Current discount Discount to share price of CA$0.70
= -1 x (CA$0.70 - CA$0.00) / CA$0.00
-29227.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AgJunction is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AgJunction's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AgJunction's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AJX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.01
TSX:AJX Share Price ** TSX (2019-04-17) in CAD CA$0.7
TSX:AJX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $0.52
Canada Communications Industry PE Ratio Median Figure of 6 Publicly-Listed Communications Companies 56.07x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 15.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AgJunction.

TSX:AJX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AJX Share Price ÷ EPS (both in USD)

= 0.52 ÷ 0.01

42.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AgJunction is good value based on earnings compared to the CA Communications industry average.
  • AgJunction is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does AgJunction's expected growth come at a high price?
Raw Data
TSX:AJX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Communications Industry PEG Ratio Median Figure of 23 Publicly-Listed Communications Companies 1.33x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AgJunction, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AgJunction's assets?
Raw Data
TSX:AJX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.29
TSX:AJX Share Price * TSX (2019-04-17) in CAD CA$0.7
TSX:AJX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $0.52
Canada Communications Industry PB Ratio Median Figure of 16 Publicly-Listed Communications Companies 1.96x
Canada Market PB Ratio Median Figure of 2,379 Publicly-Listed Companies 1.5x
TSX:AJX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AJX Share Price ÷ Book Value per Share (both in USD)

= 0.52 ÷ 0.29

1.78x

* Primary Listing of AgJunction.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AgJunction is good value based on assets compared to the CA Communications industry average.
X
Value checks
We assess AgJunction's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. AgJunction has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AJX Future Performance

 How is AgJunction expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 AgJunction 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
100.8%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AgJunction expected to grow at an attractive rate?
  • Unable to compare AgJunction's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AgJunction's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare AgJunction's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:AJX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Communications Industry Earnings Growth Rate Market Cap Weighted Average 100.8%
Canada Communications Industry Revenue Growth Rate Market Cap Weighted Average 18%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:AJX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AJX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSX:AJX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 65 2 1
2018-09-30 57 -1 -4
2018-06-30 48 -7 -9
2018-03-31 48 -3 -7
2017-12-31 47 3 -3
2017-09-30 45 3 -3
2017-06-30 43 6 -14
2017-03-31 41 2 -15
2016-12-31 42 0 -18
2016-09-30 46 0 -25
2016-06-30 47 -2 -12
2016-03-31 42 -2 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AgJunction is high growth as no earnings estimate data is available.
  • Unable to determine if AgJunction is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:AJX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AgJunction Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AJX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSX:AJX Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.01
2018-09-30 -0.04
2018-06-30 -0.09
2018-03-31 -0.06
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.10
2017-03-31 -0.12
2016-12-31 -0.15
2016-09-30 -0.20
2016-06-30 -0.11
2016-03-31 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AgJunction will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine AgJunction's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. AgJunction's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. AgJunction's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AgJunction's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AgJunction has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AJX Past Performance

  How has AgJunction performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AgJunction's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AgJunction's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • AgJunction has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • AgJunction has become profitable in the last year making it difficult to compare the CA Communications industry average.
Earnings and Revenue History
AgJunction's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AgJunction Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AJX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 64.52 1.46 17.20 8.49
2018-09-30 57.30 -4.35 18.24 9.85
2018-06-30 48.42 -9.08 18.45 10.25
2018-03-31 47.98 -7.27 17.88 9.11
2017-12-31 46.78 -2.67 17.17 8.21
2017-09-30 45.12 -2.90 16.54 7.70
2017-06-30 42.79 -14.18 15.51 7.70
2017-03-31 41.35 -14.84 15.36 7.57
2016-12-31 42.26 -18.22 15.69 7.74
2016-09-30 45.69 -25.20 15.78 8.63
2016-06-30 46.60 -11.64 14.94 8.30
2016-03-31 42.44 -9.42 13.84 7.47
2015-12-31 39.05 -9.14 12.76 6.73
2015-09-30 37.37 -15.77 12.03 5.47
2015-06-30 39.42 -15.80 12.04 5.90
2015-03-31 41.98 -17.40 11.94 6.65
2014-12-31 44.81 -16.66 12.12 7.10
2014-09-30 48.71 -0.13 12.01 7.85
2014-06-30 50.53 0.72 12.80 7.66
2014-03-31 56.54 2.44 13.68 8.35
2013-12-31 58.22 2.65 14.00 8.67
2013-09-30 54.51 -26.61 14.83 8.70
2013-06-30 53.58 -28.63 15.37 9.31
2013-03-31 53.02 -29.78 15.60 9.74
2012-12-31 55.43 -29.05 15.98 9.71
2012-09-30 42.58 0.88 10.54 7.11
2012-06-30 46.16 1.31 11.64 7.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AgJunction has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AgJunction used its assets more efficiently than the CA Communications industry average last year based on Return on Assets.
  • It is difficult to establish if AgJunction improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AgJunction's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AgJunction has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AJX Health

 How is AgJunction's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AgJunction's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AgJunction is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AgJunction's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AgJunction's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • AgJunction has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AgJunction Company Filings, last reported 3 months ago.

TSX:AJX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 34.94 0.00 21.40
2018-09-30 31.74 0.00 19.45
2018-06-30 29.85 0.00 10.97
2018-03-31 31.99 0.00 10.22
2017-12-31 33.07 0.00 13.89
2017-09-30 35.48 0.00 16.04
2017-06-30 38.34 0.00 18.77
2017-03-31 40.50 0.00 15.97
2016-12-31 36.69 0.00 12.86
2016-09-30 39.20 0.00 15.32
2016-06-30 53.34 0.00 15.11
2016-03-31 54.37 0.00 14.61
2015-12-31 53.85 0.00 13.05
2015-09-30 38.80 0.00 11.86
2015-06-30 39.60 0.01 12.61
2015-03-31 38.56 0.01 10.77
2014-12-31 38.01 0.02 11.22
2014-09-30 54.50 0.02 11.27
2014-06-30 55.25 0.03 12.27
2014-03-31 55.74 0.03 13.07
2013-12-31 54.24 0.20 10.15
2013-09-30 53.93 0.33 11.78
2013-06-30 53.72 0.76 12.62
2013-03-31 53.45 0.03 13.57
2012-12-31 48.40 1.74 2.65
2012-09-30 81.09 1.35 4.31
2012-06-30 83.70 1.61 6.00
  • AgJunction has no debt.
  • AgJunction has no debt compared to 5 years ago when it was 0.4%.
  • AgJunction has no debt, it does not need to be covered by operating cash flow.
  • AgJunction has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AgJunction's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AgJunction has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AJX Dividends

 What is AgJunction's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AgJunction dividends.
If you bought CA$2,000 of AgJunction shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AgJunction's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AgJunction's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:AJX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Communications Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:AJX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AgJunction has not reported any payouts.
  • Unable to verify if AgJunction's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AgJunction's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AgJunction has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AgJunction's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AgJunction afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AgJunction has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AJX Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Vaughn
COMPENSATION $300,000
AGE 72
TENURE AS CEO 3.5 years
CEO Bio

Mr. David E. Vaughn, also known as Dave, has been the Chief Executive Officer and President of AgJunction Inc. since October 16, 2015. Mr. Vaughn has been Chief Executive Officer of Novariant, Inc. since 2012 and serves as its President. Mr. Vaughnserved as Chief Executive Officer and President of Soil and Topography Information, Inc. since 2010. Mr. Vaughn served as Senior Vice President of Precision Agriculture at Topcon Positioning Systems, Inc. He served as the Senior Vice President and Business Unit Manager of Precision Agriculture at Topcon Corporation. He served as the Senior Vice President of Topcon Positioning Systems, Inc. since May 2008. He served as the President of Magnesys Corp. He served as the President and Chief Executive Officer of NovAtel Inc. from February 2001 to February 2002. He served as Senior Vice President and Chief Operations Officer of Magellan Corporation from January 1999 to December 2000, Also with Magellan, he served as Senior Vice President, Strategic Business Alliances from August 1998 to January 1999. In May 2002, he joined WAGIC Inc. as Vice President of Business Development and served as its Chief Executive Officer. Prior to joining WAGIC, Mr. Vaughn held various senior level management positions with Foursome Technologies. He is the founder of Foursome Technologies. From May 1991 to July 1998, Mr. Vaughn was with Trimble Navigation Limited in a variety of positions including Vice President of Operations, Executive Vice President, Tracking and Communications Products Division and as Executive Vice President, Corporate Business Development. He served as Chairman of NovAtel Inc. since March 2004 and its Director since July 2001. He served as Chairman of AirIQ Inc. from June 2008 to June 2010 and as its Director from May 17, 2007 to June 2010. He has been Director of Soil and Topography Information, Inc. since 2010 and AgJunction Inc. since October 16, 2015. He serves as a Director of Novariant, Inc. He has a Bachelors of Science Degree in Electronics and an MBA Degree in Operations Research from Cal Poly, San Luis Obispo.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year.
  • Dave's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the AgJunction management team in years:

3.5
Average Tenure
  • The tenure for the AgJunction management team is about average.
Management Team

Dave Vaughn

TITLE
CEO, President & Director
COMPENSATION
$300K
AGE
72
TENURE
3.5 yrs

Mike Manning

TITLE
Interim Chief Financial Officer
COMPENSATION
$277K
TENURE
3.8 yrs

Husam Kal

TITLE
Senior Vice President of Global Operations
COMPENSATION
$269K
AGE
49
TENURE
3.5 yrs

bob Barjesteh

TITLE
VP of Mergers & Acquisition
COMPENSATION
$225K
TENURE
3.3 yrs

Mark Bittner

TITLE
Senior Vice President of Global Sales & Customer Care
COMPENSATION
$300K
TENURE
3.5 yrs

Jeff Morris

TITLE
Senior VP & Chief Marketing Officer
TENURE
3.8 yrs

Karen Beckett

TITLE
Director of Human Resources

M. McMickell

TITLE
Senior Vice President of Global Product Development
TENURE
1.4 yrs

Stacy Monier

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the AgJunction board of directors in years:

2.9
Average Tenure
57
Average Age
  • The average tenure for the AgJunction board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lori Ell

TITLE
Chairman
COMPENSATION
$75K
TENURE
1.3 yrs

Dave Vaughn

TITLE
CEO, President & Director
COMPENSATION
$300K
AGE
72
TENURE
3.5 yrs

Jon Ladd

TITLE
Director
COMPENSATION
$240K
AGE
62
TENURE
3.5 yrs

Scott Edmonds

TITLE
Independent Director
COMPENSATION
$64K
AGE
57
TENURE
2.3 yrs

Ryan Levenson

TITLE
Independent Director
COMPENSATION
$70K
AGE
43
TENURE
2.3 yrs

Jose Suarez

TITLE
Independent Director
AGE
49
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Jun 18 Sell Scott Edmonds Individual 31. May 18 31. May 18 -30,000 CA$0.85 CA$-25,500
X
Management checks
We assess AgJunction's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AgJunction has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AJX News

Simply Wall St News

How Should Investors Feel About AgJunction Inc.'s (TSE:AJX) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for AgJunction … How Does Dave Vaughn's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Institutions Own AgJunction Inc. (TSE:AJX) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Are AgJunction Inc's (TSE:AJX) Interest Costs Too High?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Is AgJunction Inc's (TSE:AJX) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Dave Vaughn's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Dave Vaughn receives more in total compensation than the median of a group of companies in the same market, and of similar size to AgJunction Inc

Simply Wall St -

What You Must Know About AgJunction Inc's (TSE:AJX) Major Investors

In this article, I'm going to take a look at AgJunction Inc’s (TSE:AJX) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine AJX's ownership structure in more detail.

Simply Wall St -

How Financially Strong Is AgJunction Inc (TSE:AJX)?

AgJunction Inc (TSE:AJX), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is AJX right in choosing financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

AJX Company Info

Description

AgJunction Inc. provides guidance and autosteering solutions for precision agriculture applications worldwide. The company’s products and solutions offer guidance and positioning, autosteering, and machine control systems for the agriculture markets; and are used in farming operations during tilling, planting, spraying, and harvesting. It provides RANGER guidance solution, a GPS guidance solution, which shows visual cues in advance affording farmers the time to focus on farming instead of focusing on a map display; and Wheelman autosteering systems (Wheelman Pro and Wheelman Flex) and Whirl software for farmers to steer farm equipment directly to farmers online. The company also offers Wheelman white-label solutions for autosteering for original equipment manufacturers (OEM)/value-added resellers (VAR); and ECU-S1 hardware controller family of autosteering and Soft-ECU software controller for OEM/VAR. In addition, the company provides products under the Novariant brand. The company was formerly known as Hemisphere GPS Inc. and changed its name to AgJunction Inc. in May 2013. AgJunction Inc. was incorporated in 1990 and is headquartered in Scottsdale, Arizona.

Details
Name: AgJunction Inc.
AJX
Exchange: TSX
Founded: 1990
CA$83,288,027
118,982,897
Website: http://www.corp.agjunction.com
Address: AgJunction Inc.
9150 East Del Camino Drive,
Suite 115,
Scottsdale,
Arizona, 85258,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AJX Common Shares The Toronto Stock Exchange CA CAD 18. Mar 1997
OTCPK AJXG.F Common Shares Pink Sheets LLC US USD 18. Mar 1997
DB 5TK Common Shares Deutsche Boerse AG DE EUR 18. Mar 1997
Number of employees
Current staff
Staff numbers
106
AgJunction employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:00
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.