TSXV:ACU

Stock Analysis Report

Aurora Solar Technologies

Executive Summary

Aurora Solar Technologies Inc. develops, manufactures, and markets production measurement and control systems for the solar wafer, cell, and panel manufacturing industries in Canada, Asia, France, and the Netherlands.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-15.4%

ACU

0.3%

CA Electronic

0.3%

CA Market


1 Year Return

-31.3%

ACU

-21.5%

CA Electronic

0.1%

CA Market

Return vs Industry: ACU underperformed the Canadian Electronic industry which returned -21.5% over the past year.

Return vs Market: ACU underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

ACUIndustryMarket
7 Day-15.4%0.3%0.3%
30 Day-26.7%-8.4%-2.5%
90 Day37.5%-9.9%-1.4%
1 Year-31.3%-31.3%-19.2%-21.5%3.6%0.1%
3 Year-59.3%-59.3%-10.0%-17.1%14.3%4.1%
5 Year-85.7%-85.7%5.8%-5.9%25.0%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.15x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate ACU's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate ACU's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ACU is overvalued based on its PB Ratio (4.2x) compared to the CA Electronic industry average (2.2x).


Next Steps

  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

3.4%

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 Aurora Solar 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 Aurora Solar Technologies performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ACU is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.

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

Earnings vs Industry: ACU is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (94.5%).


Return on Equity

High ROE: ACU has a negative Return on Equity (-158.24%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ACU is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ACU is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Aurora Solar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ACU's short term assets (CA$1.8M) exceeds its short term liabilities (CA$979.4K)

Long Term Liabilities: ACU's short term assets (1.8M) exceeds its long term liabilities (10.3K)


Debt to Equity History and Analysis

Debt Level: ACU is debt free.

Reducing Debt: ACU had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ACU'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: ACU has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ACU has sufficient cash runway for 1.111634 years if free cash flow continues to reduce at historical rates of -12.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

2.9yrs

Average board tenure


CEO

Gordon Deans (60yo)

0.9yrs

Tenure

CA$177,000

Compensation

Mr. Gordon Deans, MEng, PEng, has been Chief Executive Officer and President of Aurora Solar Technologies Inc. since November 15, 2018 and has been its Director since December 21, 2018. He is the Founder o ...


CEO Compensation Analysis

Compensation vs. Market: Gordon's total compensation ($USD0.00) is too low to compare against companies of similar size in the Canadian market ($USD121.56K).

Compensation vs Earnings: Gordon's compensation has been consistent with company performance over the past year.


Board Age and Tenure

2.9yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ACU's board of directors are not considered experienced ( 2.9 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.


Recent Insider Transactions

BuyCA$5,60005 Jul 19
Gordon Deans
EntityIndividual
Role
Chief Executive Officer
Founder
Shares140,000
Max PriceCA$0.04
BuyCA$5,00019 Nov 18
Steve McDonald
EntityIndividual
Role
Other Key Executive
Vice President of Business Development
Shares100,000
Max PriceCA$0.05
BuyCA$10,00018 Nov 18
Gordon Deans
EntityIndividual
Role
Chief Executive Officer
Founder
Shares200,000
Max PriceCA$0.05
BuyCA$15,00018 Nov 18
John McNicol
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares300,000
Max PriceCA$0.05
BuyCA$15,00018 Nov 18
Nec Capital Inc, Asset Management Arm
EntityCompany
Shares300,000
Max PriceCA$0.05

Ownership Breakdown


Management Team

  • Gordon Deans (60yo)

    Founder

    • Tenure: 0.9yrs
    • Compensation: CA$177.00k
  • Steve Blaine (61yo)

    Product & Technology Advisor and Member of Advisory Committee

    • Tenure: 0yrs
    • Compensation: CA$194.50k
  • Shirley Kancs (66yo)

    Secretary

    • Tenure: 0yrs
  • Kenneth Cadien (68yo)

    Scientific Advisor & Member of Advisory Committee

    • Tenure: 0yrs
  • Steve McDonald

    Vice President of Business Development

    • Tenure: 0yrs
  • Vinay Prasad

    Scientific Advisor & Member of Advisory Committee

    • Tenure: 0yrs
  • Viktoriya Griffin

    Chief Financial Officer

    • Tenure: 0.8yrs

Board Members

  • Gordon Deans (60yo)

    Founder

    • Tenure: 0.9yrs
    • Compensation: CA$177.00k
  • John McNicol

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: CA$43.00k
  • Steve Blaine (61yo)

    Product & Technology Advisor and Member of Advisory Committee

    • Tenure: 0yrs
    • Compensation: CA$194.50k
  • Kevin Dodds

    Director

    • Tenure: 2.9yrs
    • Compensation: CA$10.00k
  • Robert Toyoda (51yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: CA$10.00k
  • Kenneth Cadien (68yo)

    Scientific Advisor & Member of Advisory Committee

    • Tenure: 0yrs
  • Vinay Prasad

    Scientific Advisor & Member of Advisory Committee

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Aurora Solar Technologies Inc.
  • Ticker: ACU
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$4.850m
  • Shares outstanding: 88.18m
  • Website: https://www.aurorasolartech.com

Location

  • Aurora Solar Technologies Inc.
  • 930 West 1st Street
  • Suite 223
  • North Vancouver
  • British Columbia
  • V7P 3N4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACUTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2011
A82DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2011
AACT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2011

Biography

Aurora Solar Technologies Inc. develops, manufactures, and markets production measurement and control systems for the solar wafer, cell, and panel manufacturing industries in Canada, Asia, France, and the  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:19
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.