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C-Com Satellite Systems

TSXV:CMI
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMI
TSXV
CA$60M
Market Cap
  1. Home
  2. CA
  3. Tech
Company description

C-Com Satellite Systems Inc. develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The last earnings update was 3 days ago. More info.


Add to Portfolio Compare Print
  • C-Com Satellite Systems has significant price volatility in the past 3 months.
CMI Share Price and Events
7 Day Returns
-5.9%
TSXV:CMI
2.2%
CA Communications
0.8%
CA Market
1 Year Returns
44.1%
TSXV:CMI
-8.9%
CA Communications
4.2%
CA Market
CMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
C-Com Satellite Systems (CMI) -5.9% 6.7% 32.2% 44.1% 45.5% 11.1%
CA Communications 2.2% 4.8% 5.6% -8.9% -0.8% -6.1%
CA Market 0.8% 3.3% 8.7% 4.2% 16% 7.3%
1 Year Return vs Industry and Market
  • CMI outperformed the Communications industry which returned -8.9% over the past year.
  • CMI outperformed the Market in Canada which returned 4.2% over the past year.
Price Volatility
CMI
Industry
5yr Volatility vs Market

CMI Value

 Is C-Com Satellite Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of C-Com Satellite Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for C-Com Satellite Systems.

TSXV:CMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:CMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.166 (1 + (1- 26.5%) (0%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.111 * 5.96%)
8.57%

Discounted Cash Flow Calculation for TSXV:CMI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for C-Com Satellite Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:CMI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.57%)
2019 4.47 Est @ 36.75% 4.11
2020 5.64 Est @ 26.31% 4.78
2021 6.71 Est @ 19% 5.24
2022 7.64 Est @ 13.89% 5.50
2023 8.43 Est @ 10.3% 5.59
2024 9.09 Est @ 7.8% 5.55
2025 9.64 Est @ 6.04% 5.42
2026 10.10 Est @ 4.81% 5.23
2027 10.50 Est @ 3.95% 5.01
2028 10.85 Est @ 3.35% 4.77
Present value of next 10 years cash flows CA$51.21
TSXV:CMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$10.85 × (1 + 1.95%) ÷ (8.57% – 1.95%)
CA$167.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$167.07 ÷ (1 + 8.57%)10
CA$73.42
TSXV:CMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$51.21 + CA$73.42
CA$124.64
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$124.64 / 37.19
CA$3.35
TSXV:CMI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$3.35
Current discount Discount to share price of CA$1.60
= -1 x (CA$1.60 - CA$3.35) / CA$3.35
52.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price C-Com Satellite Systems is available for.
Intrinsic value
>50%
Share price is CA$1.6 vs Future cash flow value of CA$3.35
Current Discount Checks
For C-Com Satellite Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • C-Com Satellite Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • C-Com Satellite Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for C-Com Satellite Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are C-Com Satellite Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:CMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CAD CA$0.07
TSXV:CMI Share Price ** TSXV (2019-04-25) in CAD CA$1.6
Canada Communications Industry PE Ratio Median Figure of 6 Publicly-Listed Communications Companies 51.38x
Canada Market PE Ratio Median Figure of 558 Publicly-Listed Companies 15.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of C-Com Satellite Systems.

TSXV:CMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:CMI Share Price ÷ EPS (both in CAD)

= 1.6 ÷ 0.07

21.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • C-Com Satellite Systems is good value based on earnings compared to the CA Communications industry average.
  • C-Com Satellite Systems is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does C-Com Satellite Systems's expected growth come at a high price?
Raw Data
TSXV:CMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-27.4%per year
North America Communications Industry PEG Ratio Median Figure of 23 Publicly-Listed Communications Companies 1.37x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for C-Com Satellite Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on C-Com Satellite Systems's assets?
Raw Data
TSXV:CMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CAD CA$0.55
TSXV:CMI Share Price * TSXV (2019-04-25) in CAD CA$1.6
Canada Communications Industry PB Ratio Median Figure of 16 Publicly-Listed Communications Companies 1.7x
Canada Market PB Ratio Median Figure of 2,382 Publicly-Listed Companies 1.48x
TSXV:CMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:CMI Share Price ÷ Book Value per Share (both in CAD)

= 1.6 ÷ 0.55

2.92x

* Primary Listing of C-Com Satellite Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • C-Com Satellite Systems is overvalued based on assets compared to the CA Communications industry average.
X
Value checks
We assess C-Com Satellite Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. C-Com Satellite Systems has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CMI Future Performance

 How is C-Com Satellite Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover C-Com Satellite Systems, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-27.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is C-Com Satellite Systems expected to grow at an attractive rate?
  • C-Com Satellite Systems's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • C-Com Satellite Systems's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Unable to compare C-Com Satellite Systems's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:CMI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:CMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -27.4%
Canada Communications Industry Earnings Growth Rate Market Cap Weighted Average 101.3%
Canada Communications Industry Revenue Growth Rate Market Cap Weighted Average 18.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:CMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:CMI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-02-28 15 3 3
2018-11-30 14 3 2
2018-08-31 12 1 2
2018-05-31 10 0 1
2018-02-28 11 2 1
2017-11-30 10 1 1
2017-08-31 10 2 1
2017-05-31 10 2 1
2017-02-28 8 1 1
2016-11-30 9 3 1
2016-08-31 9 3 1
2016-05-31 9 2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • C-Com Satellite Systems's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if C-Com Satellite Systems is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:CMI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from C-Com Satellite Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CMI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-02-28 0.07
2018-11-30 0.06
2018-08-31 0.06
2018-05-31 0.03
2018-02-28 0.03
2017-11-30 0.03
2017-08-31 0.03
2017-05-31 0.02
2017-02-28 0.02
2016-11-30 0.03
2016-08-31 0.02
2016-05-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if C-Com Satellite Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess C-Com Satellite Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
C-Com Satellite Systems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CMI Past Performance

  How has C-Com Satellite Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare C-Com Satellite Systems's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • C-Com Satellite Systems's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • C-Com Satellite Systems's 1-year earnings growth exceeds its 5-year average (157.6% vs -14.9%)
  • C-Com Satellite Systems's earnings growth has exceeded the CA Communications industry average in the past year (157.6% vs 5.1%).
Earnings and Revenue History
C-Com Satellite Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from C-Com Satellite Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CMI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 14.66 2.71 3.03 1.59
2018-11-30 13.53 2.30 2.99 1.58
2018-08-31 12.46 2.06 2.98 1.51
2018-05-31 10.30 1.19 2.76 1.45
2018-02-28 10.61 1.05 2.84 1.71
2017-11-30 10.28 1.04 2.77 1.48
2017-08-31 9.79 0.94 2.85 1.48
2017-05-31 9.55 0.84 2.94 1.29
2017-02-28 8.32 0.71 2.87 0.82
2016-11-30 9.27 1.02 2.92 0.83
2016-08-31 8.61 0.77 2.86 0.67
2016-05-31 9.31 1.23 2.84 0.66
2016-02-29 10.61 1.53 3.02 0.97
2015-11-30 10.37 1.60 3.07 0.99
2015-08-31 12.24 2.34 3.24 1.41
2015-05-31 12.38 2.26 3.29 1.53
2015-02-28 13.03 2.73 3.15 1.23
2014-11-30 13.21 2.81 3.05 1.30
2014-08-31 12.84 2.89 2.85 0.85
2014-05-31 12.98 2.83 2.73 0.78
2014-02-28 14.02 3.02 2.79 0.81
2013-11-30 15.57 3.47 2.89 0.79
2013-08-31 16.74 4.00 2.90 0.67
2013-05-31 16.13 3.71 2.86 0.67
2013-02-28 14.70 3.29 2.65 0.74
2012-11-30 13.39 2.67 2.66 0.80
2012-08-31 13.70 2.66 2.69 1.01
2012-05-31 15.78 3.40 2.71 1.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • C-Com Satellite Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • C-Com Satellite Systems used its assets more efficiently than the CA Communications industry average last year based on Return on Assets.
  • C-Com Satellite Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess C-Com Satellite Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
C-Com Satellite Systems has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CMI Health

 How is C-Com Satellite Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up C-Com Satellite Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • C-Com Satellite Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • C-Com Satellite Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of C-Com Satellite Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • C-Com Satellite Systems has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from C-Com Satellite Systems Company Filings, last reported 1 month ago.

TSXV:CMI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 20.38 0.00 16.42
2018-11-30 20.40 0.00 16.11
2018-08-31 20.40 0.00 16.11
2018-05-31 19.16 0.00 13.89
2018-02-28 19.06 0.00 14.74
2017-11-30 19.48 0.00 15.09
2017-08-31 19.05 0.00 15.45
2017-05-31 19.33 0.00 15.02
2017-02-28 19.52 0.00 14.91
2016-11-30 19.94 0.00 16.12
2016-08-31 19.55 0.00 15.32
2016-05-31 19.89 0.00 15.09
2016-02-29 20.16 0.00 15.34
2015-11-30 20.24 0.00 14.40
2015-08-31 20.10 0.00 13.80
2015-05-31 20.00 0.00 14.43
2015-02-28 20.06 0.00 14.67
2014-11-30 20.08 0.00 14.63
2014-08-31 19.18 0.00 13.68
2014-05-31 19.12 0.00 14.06
2014-02-28 18.32 0.00 14.59
2013-11-30 18.30 0.00 14.48
2013-08-31 17.31 0.00 14.12
2013-05-31 17.03 0.00 14.28
2013-02-28 16.01 0.00 13.92
2012-11-30 15.33 0.00 11.26
2012-08-31 13.68 0.00 9.15
2012-05-31 14.40 0.00 10.85
  • C-Com Satellite Systems has no debt.
  • C-Com Satellite Systems has not taken on any debt in the past 5 years.
  • C-Com Satellite Systems has no debt, it does not need to be covered by operating cash flow.
  • C-Com Satellite Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess C-Com Satellite Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. C-Com Satellite Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CMI Dividends

 What is C-Com Satellite Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.13%
Current annual income from C-Com Satellite Systems dividends.
If you bought CA$2,000 of C-Com Satellite Systems shares you are expected to receive CA$63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • C-Com Satellite Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
  • C-Com Satellite Systems's dividend is below the markets top 25% of dividend payers in Canada (5.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:CMI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Communications Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:CMI Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.050 3.119
2019-01-25 0.050 3.668
2018-10-15 0.050 4.330
2018-07-26 0.050 4.759
2018-04-27 0.050 4.569
2018-01-22 0.050 4.364
2017-10-12 0.050 4.368
2017-07-18 0.050 4.712
2017-04-13 0.050 4.939
2017-01-27 0.050 4.970
2016-10-12 0.050 5.045
2016-07-19 0.050 4.727
2016-04-19 0.050 4.337
2016-01-29 0.050 5.393
2015-10-14 0.050 5.140
2015-07-14 0.050 4.871
2015-04-21 0.050 4.546
2015-01-29 0.050 4.363
2014-10-14 0.050 4.113
2014-07-22 0.050 3.467
2014-04-15 0.050 3.377
2014-01-21 0.050 3.016
2013-10-16 0.050 2.846
2013-07-09 0.040 2.258
2013-03-12 0.040 3.817
2013-01-16 0.030 4.206
2012-10-22 0.030 4.439
2012-07-24 0.030 4.360

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, C-Com Satellite Systems has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but C-Com Satellite Systems only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of C-Com Satellite Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess C-Com Satellite Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can C-Com Satellite Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. C-Com Satellite Systems has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CMI Management

 What is the CEO of C-Com Satellite Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leslie Klein
COMPENSATION CA$540,500
TENURE AS CEO 21.3 years
CEO Bio

Dr. Leslie Klein, Ph.D., P.Eng. has been the Chief Executive Officer of C-com Satellite Systems Inc. since December 1997 and serves as its President. Dr. Klein has been a Director of C-com Satellite Systems Inc. since December 1997.

CEO Compensation
  • Leslie's compensation has been consistent with company performance over the past year.
  • Leslie's remuneration is higher than average for companies of similar size in Canada.
Management Team

Leslie Klein

TITLE
CEO, President & Director
COMPENSATION
CA$541K
TENURE
21.3 yrs

Jim Fowles

TITLE
Chief Financial Officer
COMPENSATION
CA$58K
TENURE
12.8 yrs

Bilal Awada

TITLE
Chief Technology Officer
COMPENSATION
CA$219K

Brigitte Legault

TITLE
Marketing Manager
Board of Directors Tenure

Average tenure of the C-Com Satellite Systems board of directors in years:

15.2
Average Tenure
  • The average tenure for the C-Com Satellite Systems board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Leslie Klein

TITLE
CEO, President & Director
COMPENSATION
CA$541K
TENURE
21.3 yrs

Ron Leslie

TITLE
Independent Director
COMPENSATION
CA$31K
TENURE
17.8 yrs

Eli Fathi

TITLE
Independent Director
COMPENSATION
CA$31K
TENURE
12.5 yrs

Arunas Slekys

TITLE
Independent Director
COMPENSATION
CA$31K
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
24. Aug 18 Buy Leslie Klein Individual 23. Aug 18 23. Aug 18 5,000 CA$1.00 CA$5,000
23. Aug 18 Buy Leslie Klein Individual 22. Aug 18 22. Aug 18 7,000 CA$1.02 CA$7,140
20. Aug 18 Buy Leslie Klein Individual 17. Aug 18 17. Aug 18 9,000 CA$1.03 CA$9,270
22. Aug 18 Buy Leslie Klein Individual 21. Aug 18 21. Aug 18 1,900 CA$1.02 CA$1,938
15. Aug 18 Buy Leslie Klein Individual 13. Aug 18 14. Aug 18 21,100 CA$1.06 CA$21,779
15. May 18 Sell Eli Fathi Individual 10. May 18 10. May 18 -18,300 CA$1.12 CA$-20,390
07. May 18 Sell Eli Fathi Individual 02. May 18 02. May 18 -10,000 CA$1.13 CA$-11,300
X
Management checks
We assess C-Com Satellite Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. C-Com Satellite Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CMI News

Simply Wall St News

Does C-Com Satellite Systems Inc.'s (CVE:CMI) P/E Ratio Signal A Buying Opportunity?

We'll apply a basic P/E ratio analysis to C-Com Satellite Systems Inc.'s (CVE:CMI), to help you decide if the stock is worth further research. … C-Com Satellite Systems has a price to earnings ratio of 28.79, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

The C-Com Satellite Systems (CVE:CMI) Share Price Has Gained 70% And Shareholders Are Hoping For More

(CVE:CMI) shareholders have seen the share price rise 70% over three years, well in excess of the market return (18%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … C-Com Satellite Systems was able to grow its EPS at 12% per year over three years, sending the share price higher.

Simply Wall St -

C-Com Satellite Systems Inc. (CVE:CMI) Is Employing Capital Very Effectively

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Could The C-Com Satellite Systems Inc. (CVE:CMI) Ownership Structure Tell Us Something Useful?

If you want to know who really controls C-Com Satellite Systems Inc. … C-Com Satellite Systems is a smaller company with a market capitalization of CA$45m, so it may still be flying under the radar of many institutional investors. … Let's take a closer look to see what the different types of shareholder can tell us about CMI

Simply Wall St -

Is C-Com Satellite Systems Inc. (CVE:CMI) A Smart Pick For Income Investors?

Historically, C-Com Satellite Systems Inc. … Let's dig deeper into whether C-Com Satellite Systems should have a place in your portfolio. … Check out our latest analysis for C-Com Satellite Systems?

Simply Wall St -

What Investors Should Know About C-Com Satellite Systems Inc's (CVE:CMI) Financial Strength

The direct benefit for C-Com Satellite Systems Inc (CVE:CMI), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Has C-Com Satellite Systems Inc (CVE:CMI) Improved Earnings Growth In Recent Times?

After reading C-Com Satellite Systems Inc's (CVE:CMI) most recent earnings announcement (31 May 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … Did CMI beat its long-term earnings growth trend and its industry.

Simply Wall St -

C-Com Satellite Systems Inc (CVE:CMI): Assessing Capital Returns

and looking to gauge the potential return on investment in C-Com Satellite Systems Inc (CVE:CMI). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand C-Com Satellite Systems’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

With An ROE Of 6.20%, Has C-Com Satellite Systems Inc's (CVE:CMI) Management Done Well?

C-Com Satellite Systems Inc (CVE:CMI) performed in-line with its communications equipment industry on the basis of its ROE – producing a return of6.20% relative to the peer average of 5.65% over the past 12 months. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … See our latest analysis for C-Com Satellite Systems

Simply Wall St -

Is C-Com Satellite Systems Inc's (CVE:CMI) CEO Salary Justified?

Leading C-Com Satellite Systems Inc (CVE:CMI) as the CEO, Leslie Klein took the company to a valuation of CA$40.88m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

CMI Company Info

Description

C-Com Satellite Systems Inc. develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite based Internet services into vehicles while stationary virtually anywhere one can drive, as well as for the transportable platforms. It also provides driveaway, flyaway, and fixed motorized antennas. In addition, the company offers accessories, such as powersmart products, beacon receivers, transportable cases and skids, cables, transportable enclosed skids, and custom integrations, as well as antenna controllers. Its products and services deliver solutions for fixed and mobile applications. The company operates in Canada, the United States, Africa, Asia, Saudi Arabia, Europe, and internationally. C-Com Satellite Systems Inc. was founded in 1997 and is headquartered in Ottawa, Canada.

Details
Name: C-Com Satellite Systems Inc.
CMI
Exchange: TSXV
Founded: 1997
CA$59,504,880
37,190,550
Website: http://www.c-comsat.com
Address: C-Com Satellite Systems Inc.
2574 Sheffield Road,
Ottawa,
Ontario, K1B 3V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV CMI Common Shares TSX Venture Exchange CA CAD 15. Aug 2000
OTCPK CYSN.F Common Shares Pink Sheets LLC US USD 15. Aug 2000
BST D7F Common Shares Boerse-Stuttgart DE EUR 15. Aug 2000
Number of employees
Current staff
Staff numbers
0
C-Com Satellite Systems employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 01:34
End of day share price update: 2019/04/25 00:00
Last earnings filing: 2019/04/23
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.