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CMI

C-Com Satellite SystemsTSXV:CMI Stock Report

Last Price

CA$2.28

Market Cap

CA$92.9m

7D

1.3%

1Y

-17.4%

Updated

19 Jan, 2022

Data

Company Financials
CMI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends1/6

CMI Stock Overview

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.

C-Com Satellite Systems Competitors

Panasonic

TSE:6752

JP¥3.0t

Gilat Satellite Networks

NasdaqGS:GILT

US$439.9m

Wiworld

XKON:A140660

₩3.7b

Price History & Performance

Summary of all time highs, changes and price drops for C-Com Satellite Systems
Historical stock prices
Current Share PriceCA$2.28
52 Week HighCA$4.48
52 Week LowCA$1.96
Beta-0.12
1 Month Change3.64%
3 Month Change-11.63%
1 Year Change-17.39%
3 Year Change91.60%
5 Year Change140.00%
Change since IPO23.24%

Recent News & Updates

Shareholder Returns

CMICA CommunicationsCA Market
7D1.3%-3.4%0.2%
1Y-17.4%-7.4%18.2%

Return vs Industry: CMI underperformed the Canadian Communications industry which returned -7.4% over the past year.

Return vs Market: CMI underperformed the Canadian Market which returned 18.2% over the past year.

Price Volatility

Is CMI's price volatile compared to industry and market?
CMI volatility
CMI Average Weekly Movement6.0%
Communications Industry Average Movement6.1%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: CMI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CMI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aLeslie Kleinhttps://www.c-comsat.com

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.

C-Com Satellite Systems Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
CMI income statement (TTM)
RevenueCA$8.95m
Cost of RevenueCA$3.37m
Gross ProfitCA$5.57m
ExpensesCA$4.14m
EarningsCA$1.44m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.035
Gross Margin62.29%
Net Profit Margin16.07%
Debt/Equity Ratio0.0%

How did CMI perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

138%

Payout Ratio

Valuation

Is C-Com Satellite Systems undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CMI (CA$2.28) is trading below our estimate of fair value (CA$9.22)

Significantly Below Fair Value: CMI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CMI is poor value based on its PE Ratio (64.6x) compared to the North American Communications industry average (23.9x).

PE vs Market: CMI is poor value based on its PE Ratio (64.6x) compared to the Canadian market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CMI is overvalued based on its PB Ratio (3.9x) compared to the CA Communications industry average (2.6x).


Future Growth

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

89.8%

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 C-Com Satellite Systems 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.


Past Performance

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

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMI has a large one-off gain of CA$539.5K impacting its August 31 2021 financial results.

Growing Profit Margin: CMI's current net profit margins (16.1%) are lower than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: CMI's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: CMI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CMI had negative earnings growth (-30%) over the past year, making it difficult to compare to the Communications industry average (29.1%).


Return on Equity

High ROE: CMI's Return on Equity (6.1%) is considered low.


Financial Health

How is C-Com Satellite Systems's financial position?


Financial Position Analysis

Short Term Liabilities: CMI's short term assets (CA$24.7M) exceed its short term liabilities (CA$937.0K).

Long Term Liabilities: CMI's short term assets (CA$24.7M) exceed its long term liabilities (CA$77.2K).


Debt to Equity History and Analysis

Debt Level: CMI is debt free.

Reducing Debt: CMI has not had any debt for past 5 years.

Debt Coverage: CMI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CMI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMI's dividend (2.19%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: CMI's dividend (2.19%) is low compared to the top 25% of dividend payers in the Canadian market (4.61%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CMI has been paying a dividend for less than 10 years.

Growing Dividend: CMI's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (138%), CMI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Leslie Klein

24.08yrs

Tenure

CA$722,624

Compensation

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 System...


CEO Compensation Analysis

Compensation vs Market: Leslie's total compensation ($USD577.70K) is above average for companies of similar size in the Canadian market ($USD160.35K).

Compensation vs Earnings: Leslie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CMI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CMI's board of directors are seasoned and experienced ( 17.9 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 been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

C-Com Satellite Systems Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: C-Com Satellite Systems Inc.
  • Ticker: CMI
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: CA$92.890m
  • Shares outstanding: 40.74m
  • Website: https://www.c-comsat.com

Location

  • C-Com Satellite Systems Inc.
  • 2574 Sheffield Road
  • Ottawa
  • Ontario
  • K1B 3V7
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:40
End of Day Share Price2022/01/19 00:00
Earnings2021/08/31
Annual Earnings2020/11/30


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.