TSX:BYL

Stock Analysis Report

Baylin Technologies

Executive Summary

Baylin Technologies Inc., through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave products in the North American and Asia.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BYL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

BYL

1.3%

CA Electronic

0.8%

CA Market


1 Year Return

-47.7%

BYL

-6.6%

CA Electronic

7.2%

CA Market

Return vs Industry: BYL underperformed the Canadian Electronic industry which returned -6.6% over the past year.

Return vs Market: BYL underperformed the Canadian Market which returned 7.2% over the past year.


Shareholder returns

BYLIndustryMarket
7 Day-4.5%1.3%0.8%
30 Day-7.2%13.2%2.8%
90 Day-43.2%4.6%4.6%
1 Year-47.7%-47.7%-3.7%-6.6%10.8%7.2%
3 Year-3.5%-3.5%-9.7%-16.0%18.7%8.1%
5 Year-19.6%-19.6%9.8%-2.7%26.9%8.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.06x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: BYL 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 BYL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BYL is good value based on its PB Ratio (1.1x) compared to the CA Electronic industry average (2.6x).


Next Steps

Future Growth

How is Baylin Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

145.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: BYL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BYL's is expected to become profitable in the next 3 years.

Revenue vs Market: BYL's revenue (3% per year) is forecast to grow slower than the Canadian market (5% per year).

High Growth Revenue: BYL's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Baylin Technologies performed over the past 5 years?

33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYL has large one-off items impacting its financial results.

Growing Profit Margin: BYL's current net profit margins (-2.7%) are higher than last year (-4.4%).


Past Earnings Growth Analysis

Earnings Trend: BYL is unprofitable, but has reduced losses over the past 5 years at a rate of 33.6% per year.

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

Earnings vs Industry: BYL is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (162.2%).


Return on Equity

High ROE: BYL has a negative Return on Equity (-5.86%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Baylin Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BYL's short term assets (CA$77.8M) exceeds its short term liabilities (CA$50.8M)

Long Term Liabilities: BYL's short term assets (77.8M) exceeds its long term liabilities (49.3M)


Debt to Equity History and Analysis

Debt Level: BYL's debt to equity ratio (77%) is considered high

Reducing Debt: BYL's debt to equity ratio has increased from 14.2% to 77% over the past 5 years.


Balance Sheet

Inventory Level: BYL has a high level of physical assets or inventory.

Debt Coverage by Assets: BYL's debt is covered by short term assets (assets are 1.4x debt).


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: BYL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BYL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -48.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BYL'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 BYL'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 Baylin Technologies's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Randy Dewey (51yo)

4.6yrs

Tenure

CA$810,049

Compensation

Mr. Randy L. Dewey has been President and Chief Executive Officer at Baylin Technologies Inc. since August 24, 2015 and served as its Vice-Chairman since March 2015. Mr. Dewey served as the Interim Chief E ...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD611.61K) is above average for companies of similar size in the Canadian market ($USD135.91K).

Compensation vs Earnings: Randy's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.3yrs

Average Tenure

53yo

Average Age

Experienced Management: BYL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: BYL's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$450,62003 Oct 19
Jeffrey Royer
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares200,000
Max PriceCA$2.25

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26%.


Management Team

  • Philip Mohtadi

    General Counsel

    • Tenure: 0.8yrs
  • Daniel Kim

    Executive Vice President of Corporate Development

    • Tenure: 1.1yrs
  • John Restivo (57yo)

    President of Advantech Wireless

    • Tenure: 1.6yrs
    • Compensation: CA$593.77k
  • Michael Wolfe (53yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: CA$397.50k
  • Randy Dewey (51yo)

    President

    • Tenure: 4.6yrs
    • Compensation: CA$810.05k
  • Mike Moon (58yo)

    President of Asia Pacific

    • Tenure: 5.3yrs
    • Compensation: CA$644.04k
  • Jerry Kirshman (53yo)

    President of Americas/EMEA

    • Tenure: 0yrs
    • Compensation: CA$733.36k
  • Minya Gavrilovic

    COO & CTO

    • Tenure: 0.8yrs
  • Linda Barabe

    Vice President of Human Resources

    • Tenure: 0.8yrs
  • Kelly Myles

    Marketing & Communications Manager

    • Tenure: 0yrs

Board Members

  • Barry Reiter (70yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: CA$40.00k
  • Jeff Royer (64yo)

    Chairman of the Board

    • Tenure: 6.2yrs
    • Compensation: CA$150.00k
  • Don Simmonds (63yo)

    Independent Director

    • Tenure: 6yrs
    • Compensation: CA$30.00k
  • David Gelerman (64yo)

    Director

    • Tenure: 1.8yrs
  • Harold Wolkin (67yo)

    Independent Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CA$75.00k
  • Janice Davis (56yo)

    Director

    • Tenure: 0.5yrs
  • Randy Dewey (51yo)

    President

    • Tenure: 4.6yrs
    • Compensation: CA$810.05k
  • David Saska (54yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: CA$20.00k

Company Information

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


Key Information

  • Name: Baylin Technologies Inc.
  • Ticker: BYL
  • Exchange: TSX
  • Founded: 1978
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: CA$77.838m
  • Shares outstanding: 40.33m
  • Website: https://www.baylintech.com

Number of Employees


Location

  • Baylin Technologies Inc.
  • 60 Columbia Way
  • Suite 205
  • Markham
  • Ontario
  • L3R 0C9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYLTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 2013
5BTBST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2013
BYLT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2013
5BTDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2013

Biography

Baylin Technologies Inc., through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave prod ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 00:39
End of Day Share Price2019/11/13 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.