TSX:BYL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Baylin Technologies

Executive Summary

Baylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells a range of passive and active radio frequency (RF) and terrestrial microwave products and services.


Snowflake Analysis

Mediocre balance sheet and overvalued.


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

-1.0%

BYL

4.5%

CA Electronic

2.3%

CA Market


1 Year Return

-70.8%

BYL

-9.9%

CA Electronic

-12.4%

CA Market

Return vs Industry: BYL underperformed the Canadian Electronic industry which returned -10.3% over the past year.

Return vs Market: BYL underperformed the Canadian Market which returned -12.4% over the past year.


Shareholder returns

BYLIndustryMarket
7 Day-1.0%4.5%2.3%
30 Day-6.4%-5.1%-2.9%
90 Day20.0%72.9%12.2%
1 Year-70.8%-70.8%-9.8%-9.9%-9.4%-12.4%
3 Year-54.7%-54.7%-39.6%-39.6%4.2%-5.7%
5 Year-35.8%-35.8%-22.5%-22.5%22.1%3.8%

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?

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BYL (CA$1.02) is trading above our estimate of fair value (CA$0.56)

Significantly Below Fair Value: BYL is trading above our estimate of fair value.


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 (0.5x) 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 4 analysts?

136.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BYL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BYL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BYL's revenue is expected to decline over the next 3 years (-3% per year).

High Growth Revenue: BYL's revenue is forecast to decline over the next 3 years (-3% 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?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYL is currently unprofitable.

Growing Profit Margin: BYL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BYL is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% 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 (-9.4%).


Return on Equity

High ROE: BYL has a negative Return on Equity (-27.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Baylin Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BYL's short term assets (CA$65.0M) exceed its short term liabilities (CA$63.7M).

Long Term Liabilities: BYL's short term assets (CA$65.0M) exceed its long term liabilities (CA$28.8M).


Debt to Equity History and Analysis

Debt Level: BYL's debt to equity ratio (79.8%) is considered high.

Reducing Debt: BYL's debt to equity ratio has increased from 19.2% to 79.8% over the 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: BYL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BYL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BYL'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 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

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

2.3yrs

Average management tenure


CEO

Randy Dewey (52yo)

5.25yrs

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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD173.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Randy Dewey
President5.25yrsCA$810.05k0.47% CA$193.8k
Michael Wolfe
Chief Financial Officer3yrsCA$397.50k0.024% CA$10.2k
Mike Moon
President of Asia Pacific6yrsCA$644.04kno data
Jerry Kirshman
President of Americas/EMEAno dataCA$733.36kno data
John Restivo
President of Advantech Wireless2.25yrsCA$593.77k0.028% CA$11.7k
Minya Gavrilovic
COO & CTO1.5yrsno data0.047% CA$19.6k
Philip Mohtadi
General Counsel1.5yrsno datano data
Kelly Myles
Marketing & Communications Managerno datano datano data
Daniel Kim
Executive Vice President of Corporate Development1.75yrsno datano data
Clifford Connors
Executive Vice President of Networkingno dataCA$228.99kno data

2.3yrs

Average Tenure

54yo

Average Age

Experienced Management: BYL's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randy Dewey
President5.25yrsCA$810.05k0.47% CA$193.8k
Barry Reiter
Independent Lead Directorno dataCA$40.00k0.096% CA$39.9k
Jeffrey Royer
Chairman of the Board6.83yrsCA$150.00k48.27% CA$20.1m
Donald Simmonds
Independent Director6.67yrsCA$30.00kno data
Harold Wolkin
Independent Vice Chairman of the Boardno dataCA$75.00k0.82% CA$342.6k
Janice Davis
Director1.17yrsno datano data
David Saska
Independent Director2.17yrsCA$20.00kno data

6.7yrs

Average Tenure

64yo

Average Age

Experienced Board: BYL's board of directors are considered experienced (6.7 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 not been meaningfully diluted in the past year.


Top Shareholders

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$41.672m
  • Shares outstanding: 40.85m
  • 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., together with its subsidiaries, researches, designs, develops, manufactures, and sells a range of passive and active radio frequency (RF) and terrestrial microwave products and services. The company offers embedded antennas for use in handsets, tablets, and other mobile devices; device-specific antenna designs for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products; and indoor and outdoor distributed antenna systems (DAS), and small cell system antennas. It offers its products under the Galtronics, Advantech Wireless, Alga Microwave, and Mitec brands. The company serves the mobile, embedded, DAS, base station antenna, and small cell markets. It operates in the United States, Vietnam, China, South Korea, Singapore, Sweden, the United Kingdom, Canada, Taiwan, Russia, India, and internationally. The company was founded in 1978 and is headquartered in Markham, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 00:00
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.