Executive Summary
AgJunction Inc. provides guidance and autosteering solutions for precision agriculture applications worldwide. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has AgJunction's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AJX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: AJX's weekly volatility has decreased from 16% to 9% over the past year.
Market Performance
7 Day Return
-1.8%
AJX
3.0%
CA Communications
-0.5%
CA Market
1 Year Return
69.2%
AJX
8.6%
CA Communications
1.6%
CA Market
Return vs Industry: AJX exceeded the Canadian Communications industry which returned 8.6% over the past year.
Return vs Market: AJX exceeded the Canadian Market which returned 1.6% over the past year.
Shareholder returns
| AJX | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 3.0% | -0.5% |
| 30 Day | -1.8% | 4.0% | 3.4% |
| 90 Day | 15.8% | 18.3% | 13.2% |
| 1 Year | 69.2%69.2% | 11.2%8.6% | 5.3%1.6% |
| 3 Year | 7.8%7.8% | 5.1%-3.1% | 13.1%2.3% |
| 5 Year | -5.2%-5.2% | 33.2%14.3% | 66.0%40.5% |
Long-Term Price Volatility Vs. Market
How volatile is AgJunction's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is AgJunction (TSE:AJX) In A Good Position To Invest In Growth?2 months ago | Simply Wall St
Does AgJunction's (TSE:AJX) Share Price Gain of 40% Match Its Business Performance?4 months ago | Simply Wall St
Here's Why We're Not Too Worried About AgJunction's (TSE:AJX) Cash Burn SituationValuation
Is AgJunction undervalued compared to its fair value and its price relative to the market?
2.03x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AJX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AJX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AJX is unprofitable, so we can't compare its PE Ratio to the CA Communications industry average.
PE vs Market: AJX 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 AJX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AJX is overvalued based on its PB Ratio (2x) compared to the CA Communications industry average (1.6x).
Next Steps
Future Growth
How is AgJunction forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
32.3%
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 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 SimplyWall St do have past financial data.
Next Steps
- 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.
- AgJunction competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has AgJunction performed over the past 5 years?
32.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AJX is currently unprofitable.
Growing Profit Margin: AJX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AJX is unprofitable, but has reduced losses over the past 5 years at a rate of 32.5% per year.
Accelerating Growth: Unable to compare AJX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AJX is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (19.7%).
Return on Equity
High ROE: AJX has a negative Return on Equity (-23.96%), as it is currently unprofitable.
Next Steps
Financial Health
How is AgJunction's financial position?
Financial Position Analysis
Short Term Liabilities: AJX's short term assets ($21.7M) exceed its short term liabilities ($5.7M).
Long Term Liabilities: AJX's short term assets ($21.7M) exceed its long term liabilities ($3.1M).
Debt to Equity History and Analysis
Debt Level: AJX is debt free.
Reducing Debt: AJX has not had any debt for past 5 years.
Balance Sheet
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: AJX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AJX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 7.6% each year
Next Steps
Dividend
What is AgJunction current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AJX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AJX'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 AJX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AJX'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 AJX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
M. McMickell
1
Tenure
US$260,375
Compensation
Dr. M. Brett McMickell, Ph.D. serves as President, Chief Executive Officer and Director at AgJunction Inc. since January 31, 2020. Dr. McMickell served as Chief Operating Officer at AgJunction Inc. from Se...
CEO Compensation Analysis
Compensation vs Market: M.'s total compensation ($USD260.38K) is above average for companies of similar size in the Canadian market ($USD153.12K).
Compensation vs Earnings: M.'s compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yr | US$260.38k | 0.77% $ 514.7k | |
| Executive VP & General Counsel | 5yrs | US$245.30k | 0.096% $ 63.9k | |
| Interim Chief Financial Officer | 0.67yr | no data | no data | |
| Senior Vice President of Global Sales & Customer Care | 5.25yrs | US$389.57k | 0.35% $ 230.6k | |
| Director of Human Resources | no data | no data | no data | |
| Senior Vice President of Global Operations | no data | US$269.30k | no data | |
| Controller | no data | no data | no data | |
| Vice President of Strategy | 3.08yrs | US$420.21k | no data |
3.1yrs
Average Tenure
Experienced Management: AJX's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yr | US$260.38k | 0.77% $ 514.7k | |
| Director | 5.25yrs | US$120.60k | 0.89% $ 590.4k | |
| Lead Independent Director | 2yrs | US$37.52k | 0.091% $ 60.4k | |
| Independent Director | 5.25yrs | no data | no data | |
| Independent Chairman | 3yrs | US$262.80k | 0.091% $ 60.4k |
3.0yrs
Average Tenure
59yo
Average Age
Experienced Board: AJX's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
AgJunction Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AgJunction Inc.
- Ticker: AJX
- Exchange: TSX
- Founded: 1990
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: CA$66.601m
- Shares outstanding: 121.09m
- Website: https://www.agjunction.com
Number of Employees
Location
- AgJunction Inc.
- 9150 East Del Camino Drive
- Suite 115
- Scottsdale
- Arizona
- 85258
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AJX | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Mar 1997 |
| 5TK | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 1997 |
| AJXG.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 1997 |
Biography
AgJunction Inc. provides guidance and autosteering solutions for precision agriculture applications worldwide. Its products and solutions offer accurate guidance and positioning, autosteering, and machine ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 23:34 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.