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.
Rewards
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate 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
Stable Share Price: ACU's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.1%
ACU
3.1%
CA Electronic
1.4%
CA Market
1 Year Return
118.2%
ACU
-0.04%
CA Electronic
10.1%
CA Market
Return vs Industry: ACU exceeded the Canadian Electronic industry which returned -3.7% over the past year.
Return vs Market: ACU exceeded the Canadian Market which returned 10.4% over the past year.
Shareholder returns
| ACU | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | 3.1% | 1.4% |
| 30 Day | 50.0% | 5.6% | 2.6% |
| 90 Day | 84.6% | 14.9% | 6.5% |
| 1 Year | 118.2%118.2% | 3.1%-0.04% | 13.7%10.1% |
| 3 Year | -36.8%-36.8% | -5.1%-10.3% | 17.8%7.1% |
| 5 Year | -56.4%-56.4% | 8.3%-3.1% | 36.3%16.3% |
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
1 week ago | Simply Wall St
What Kind Of Shareholder Appears On The Aurora Solar Technologies Inc.'s (CVE:ACU) Shareholder Register?1 month ago | Simply Wall St
Is Aurora Solar Technologies (CVE:ACU) In A Good Position To Invest In Growth?2 months ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For Aurora Solar Technologies Inc. (CVE:ACU)?Valuation
Is Aurora Solar Technologies undervalued compared to its fair value and its price relative to the market?
7.08x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ACU's fair value to establish if it is undervalued.
Significantly Below Fair Value: 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
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 (6.5x) compared to the CA Electronic industry average (2.4x).
Next Steps
Future Growth
How is Aurora Solar Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
1.1%
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
- Examine Aurora Solar Technologies'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.
- Aurora Solar Technologies 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 Aurora Solar Technologies performed over the past 5 years?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACU is currently unprofitable.
Growing Profit Margin: ACU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ACU is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% 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 (22.1%).
Return on Equity
High ROE: ACU has a negative Return on Equity (-71.34%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Aurora Solar Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: ACU's short term assets (CA$1.5M) exceed its short term liabilities (CA$411.5K).
Long Term Liabilities: ACU has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ACU is debt free.
Reducing Debt: ACU has not had any debt for past 5 years.
Balance Sheet
Inventory Level: ACU has a low level of unsold assets or inventory.
Debt Coverage by Assets: ACU's debt is not covered by short term assets (assets are -147.3x 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: ACU has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ACU has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.5% each year
Next Steps
Dividend
What is Aurora Solar Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
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.
Stability and Growth of Payments
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?
3.2yrs
Average board tenure
CEO
Gordon Deans (60yo)
1.2yrs
Tenure
CA$197,000
Compensation
Mr. Gordon Deans, MEng, PEng, has been Chief Executive Officer and President of Aurora Solar Technologies Inc. since November 15, 2018 and has been its Director since December 21, 2018. He is the Founder o ...
CEO Compensation Analysis
Compensation vs Market: Gordon's total compensation ($USD150.78K) is about average for companies of similar size in the Canadian market ($USD165.67K).
Compensation vs Earnings: Gordon's compensation has increased whilst the company is unprofitable.
Board Age and Tenure
3.2yrs
Average Tenure
60.5yo
Average Age
Experienced Board: ACU's board of directors are considered experienced (3.2 years average tenure).
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
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 140,000 |
| Max Price | CA$0.04 |
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 59.9%.
Management Team
Gordon Deans (60yo)
Founder
- Tenure: 1.2yrs
- Compensation: CA$197.00k
Steve Blaine (61yo)
Product & Technology Advisor and Member of Advisory Committee
- Compensation: CA$194.50k
Shirley Kancs (66yo)
Secretary
Kenneth Cadien (68yo)
Scientific Advisor & Member of Advisory Committee
Steve McDonald
Vice President of Business Development
Vinay Prasad
Scientific Advisor & Member of Advisory Committee
Susan Pan
CFO & Controller
- Tenure: 0.3yrs
Board Members
Gordon Deans (60yo)
Founder
- Tenure: 1.2yrs
- Compensation: CA$197.00k
John McNicol
Independent Director
- Tenure: 3.2yrs
- Compensation: CA$55.00k
Steve Blaine (61yo)
Product & Technology Advisor and Member of Advisory Committee
- Compensation: CA$194.50k
Kevin Dodds
Director
- Tenure: 3.2yrs
- Compensation: CA$80.00k
Robert Toyoda (51yo)
Independent Director
- Tenure: 10yrs
- Compensation: CA$10.00k
Kenneth Cadien (68yo)
Scientific Advisor & Member of Advisory Committee
Vinay Prasad
Scientific Advisor & Member of Advisory Committee
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$10.581m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACU | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Nov 2011 |
| A82 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 2011 |
| AACT.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 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 Netherlands. The company offers DM sensors, which are measurement tools for production speeds; Visualize that enable real-time visualization of critical cell fabrication processes; and Insight, which addresses the challenges facing cell manufacturers in characterizing and controlling production variation. It also provides a suite of services, including system configuration and performance planning, such as design and engineering of DM, Visualize, and Inisght configurations to fit production line and performance objectives; system engineering and operations training courses; and post-installation support and optimization services. The company was formerly known as ACT Aurora Control Technologies Corp. and changed its name to Aurora Solar Technologies Inc. in May 2015. The company was incorporated in 2006 and is headquartered in North Vancouver, Canada.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 00:39 |
| End of Day Share Price | 2020/01/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.