ENA

Enablence Technologies TSXV:ENA Stock Report

Last Price

CA$1.80

Market Cap

CA$33.5m

7D

12.5%

1Y

0%

Updated

05 Oct, 2022

Data

Company Financials
ENA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

ENA Stock Overview

Enablence Technologies Inc., together with its subsidiaries, designs, manufactures, and sells optical components and subsystems for access, metro, and long-haul markets Canada and the United States.

Enablence Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enablence Technologies
Historical stock prices
Current Share PriceCA$1.80
52 Week HighCA$2.40
52 Week LowCA$0.71
Beta0.44
1 Month Change-2.70%
3 Month Changen/a
1 Year Change0%
3 Year Change0%
5 Year Change-72.73%
Change since IPO-99.40%

Recent News & Updates

Shareholder Returns

ENACA CommunicationsCA Market
7D12.5%-1.3%3.2%
1Y0%0.04%-3.0%

Return vs Industry: ENA matched the Canadian Communications industry which returned 0.9% over the past year.

Return vs Market: ENA exceeded the Canadian Market which returned -2.5% over the past year.

Price Volatility

Is ENA's price volatile compared to industry and market?
ENA volatility
ENA Average Weekly Movement18.7%
Communications Industry Average Movement7.2%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: ENA is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: ENA's weekly volatility has decreased from 33% to 19% over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aTodd Haugenhttps://www.enablence.com

Enablence Technologies Inc., together with its subsidiaries, designs, manufactures, and sells optical components and subsystems for access, metro, and long-haul markets Canada and the United States. The company offers silica-based PLC optical chips used in both multiplexer and demultiplexer assembly applications and can support 400G and higher bandwidth speeds; and optical chips to serve CWDM-NRZ and FR4-PAM4 applications. It also offers coarse wavelength division multiplexing, a preferred protocol for datacenter networks; LAN-wavelength division multiplexing is seeing increasing usage for both 5G networks and datacenters; and dense wavelength division multiplexing, an original driver of optical telecommunications.

Enablence Technologies Fundamentals Summary

How do Enablence Technologies's earnings and revenue compare to its market cap?
ENA fundamental statistics
Market CapCA$33.46m
Earnings (TTM)CA$17.41m
Revenue (TTM)CA$2.79m

1.9x

P/E Ratio

12.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENA income statement (TTM)
RevenueUS$2.04m
Cost of RevenueUS$2.46m
Gross Profit-US$425.00k
Other Expenses-US$13.16m
EarningsUS$12.73m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin-20.85%
Net Profit Margin624.73%
Debt/Equity Ratio-57.4%

How did ENA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ENA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENA?

Other financial metrics that can be useful for relative valuation.

ENA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14.5x
Enterprise Value/EBITDA-5.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ENA's PE Ratio compare to its peers?

ENA PE Ratio vs Peers
The above table shows the PE ratio for ENA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.8x
CMI C-Com Satellite Systems
52xn/aCA$58.1m
QTRH Quarterhill
8.7x-114.2%CA$188.0m
VCM Vecima Networks
44.7xn/aCA$388.3m
TTZ Total Telcom
5.4xn/aCA$2.6m
ENA Enablence Technologies
1.9xn/aCA$33.5m

Price-To-Earnings vs Peers: ENA is good value based on its Price-To-Earnings Ratio (1.9x) compared to the peer average (27.8x).


Price to Earnings Ratio vs Industry

How does ENA's PE Ratio compare vs other companies in the North American Communications Industry?

Price-To-Earnings vs Industry: ENA is good value based on its Price-To-Earnings Ratio (1.9x) compared to the North American Communications industry average (23x)


Price to Earnings Ratio vs Fair Ratio

What is ENA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ENA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ENA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ENA's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


72.5%

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 Enablence 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.


Discover growth companies

  • Take a look at our analysis of ENA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Enablence Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Enablence Technologies performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENA has a large one-off gain of $20.6M impacting its March 31 2022 financial results.

Growing Profit Margin: ENA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ENA has become profitable over the past 5 years, growing earnings by 29.5% per year.

Accelerating Growth: ENA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ENA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (15.2%).


Return on Equity

High ROE: ENA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Enablence Technologies's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ENA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ENA has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ENA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: ENA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ENA's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Enablence Technologies Dividend Yield vs Market
How does Enablence Technologies dividend yield compare to the market?
SegmentDividend Yield
Company (Enablence Technologies)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)5.9%
Industry Average (Communications)3.6%
Analyst forecast in 3 Years (Enablence Technologies)n/a

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

High Dividend: Unable to evaluate ENA'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 ENA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENA has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.4yrs

Average management tenure


CEO

Todd Haugen

0.58yr

Tenure

Mr. Todd Haugen serves as Chief Executive Officer at Enablence Technologies Inc. since March 21, 2022. Mr. Haugen before joining Q strategies, served as Chief Technology Officer for CyberSafe and held seve...


Leadership Team

Experienced Management: ENA's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: ENA's board of directors are considered experienced (4.4 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.


Ownership Breakdown

What is the ownership structure of ENA?
Owner TypeNumber of SharesOwnership Percentage
Public Companies791,6644.3%
Private Companies1,972,92110.6%
Institutions2,956,52115.9%
General Public4,716,71525.4%
Individual Insiders8,151,75743.9%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 247.5%.


Top Shareholders

Top 15 shareholders own 74.63% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
31.82%
Daniel Bordessa
5,915,277$10.6m0%no data
10.43%
David Roland
1,938,484$3.5m0%no data
7.99%
J. Zechner Associates Inc.
1,485,058$2.7m0%100%
6.91%
Paradigm Capital Inc., Asset Management Arm
1,284,039$2.3m0%no data
6.83%
Vortex ENA LP
1,270,292$2.3m0%no data
4.26%
ZTE Corporation
791,664$1.4m0%no data
2.2%
China Tricomm Ltd.
408,729$735.7k0%no data
1.01%
De Jong & Co., Asset Management Arm
187,424$337.4k0%100%
0.91%
Irixi Holding Limited
169,666$305.4k0%no data
0.83%
Dan Shmitt
155,178$279.3k0%no data
0.64%
Derek Burney
118,657$213.6k0%no data
0.51%
Paradigm Capital Partners Limited
94,234$169.6k0%no data
0.16%
Win Brand Limited.
30,000$54.0k0%no data
0.13%
Craig Mode
23,851$42.9k0%no data
0.0017%
Ashok Balakrishnan
310$558.00%no data

Company Information

Enablence Technologies Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Enablence Technologies Inc.
  • Ticker: ENA
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: CA$33.461m
  • Shares outstanding: 18.59m
  • Website: https://www.enablence.com

Location

  • Enablence Technologies Inc.
  • 390 March Road
  • Suite 119
  • Ottawa
  • Ontario
  • K2K 0G7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENATSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2002
ENAF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.