TSXV:LTE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Lite Access Technologies

Executive Summary

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LTE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.6%

LTE

0.5%

CA Communications

-1.0%

CA Market


1 Year Return

274.4%

LTE

-5.3%

CA Communications

-4.3%

CA Market

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

Return vs Market: LTE exceeded the Canadian Market which returned -4.2% over the past year.


Shareholder returns

LTEIndustryMarket
7 Day-7.6%0.5%-1.0%
30 Day-7.6%4.8%1.3%
90 Day-7.6%1.3%1.9%
1 Year274.4%274.4%-3.1%-5.3%-0.9%-4.3%
3 Year-56.3%-56.3%-15.2%-21.9%6.4%-4.0%
5 Year-21.5%-21.5%-8.9%-19.8%33.3%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Lite Access Technologies undervalued compared to its fair value and its price relative to the market?

5.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LTE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LTE's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: LTE 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 LTE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LTE is overvalued based on its PB Ratio (5.3x) compared to the CA Communications industry average (1.4x).


Next Steps

Future Growth

How is Lite Access Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

73.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if LTE's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if LTE's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LTE's revenue (73.5% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: LTE's revenue (73.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LTE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Lite Access Technologies performed over the past 5 years?

-33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTE is currently unprofitable.

Growing Profit Margin: LTE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LTE is unprofitable, and losses have increased over the past 5 years at a rate of 33.9% per year.

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

Earnings vs Industry: LTE is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (19.7%).


Return on Equity

High ROE: LTE has a negative Return on Equity (-93.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is Lite Access Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: LTE's short term assets (CA$6.8M) exceed its short term liabilities (CA$4.4M).

Long Term Liabilities: LTE's short term assets (CA$6.8M) exceed its long term liabilities (CA$294.4K).


Debt to Equity History and Analysis

Debt Level: LTE's debt to equity ratio (1.2%) is considered satisfactory.

Reducing Debt: LTE's debt to equity ratio has reduced from 3.2% to 1.2% over the past 5 years.


Balance Sheet


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: LTE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LTE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if LTE'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 LTE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Carlo Shimoon

2.58yrs

Tenure

CA$359,407

Compensation

Mr. Carlo M. Shimoon serves as the President and Chief Executive Officer at Lite Access Technologies Inc. since March 1, 2018 and Director of Lite Access Technologies Inc. since March 13, 2018. Mr. Shimoon ...


CEO Compensation Analysis

Compensation vs Market: Carlo's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD171.43K).

Compensation vs Earnings: Insufficient data to compare Carlo's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Carlo Shimoon
President2.58yrsCA$359.41k0.48%
CA$ 186.1k
Michael Priest
Co-Founder & Advisorno dataCA$321.05k0%
CA$ 0
Michael Plotnikoff
Co-Founder & Advisorno dataCA$459.19k0%
CA$ 0
Chui Wong
Chief Financial Officer1.25yrsno datano data
Scott Grant
Vice President of Sales1.08yrsno datano data
Cameron Cromwell
Managing Director of UK1.5yrsno datano data

1.4yrs

Average Tenure

Experienced Management: LTE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Carlo Shimoon
President2.58yrsCA$359.41k0.48%
CA$ 186.1k
Mark Schnarr
Member of Advisory Board4.25yrsno datano data
Robert Toyoda
Corporate Secretary & Independent Director5.42yrsCA$25.46k0.11%
CA$ 43.8k
Kevin Smith
Independent Director3.33yrsCA$25.46kno data
Steven King
Independent Director3.33yrsCA$120.02kno data
Gregory Smith
Independent Chairman of the Board & Directorno dataCA$25.46k0.31%
CA$ 117.7k
Daniel Nanson
Independent Director1.25yrsno datano data

3.3yrs

Average Tenure

53yo

Average Age

Experienced Board: LTE's board of directors are considered experienced (3.3 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 20.9%.


Top Shareholders

Company Information

Lite Access Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lite Access Technologies Inc.
  • Ticker: LTE
  • Exchange: TSXV
  • Founded: 2003
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: CA$38.456m
  • Shares outstanding: 52.68m
  • Website: https://www.liteaccess.com

Location

  • Lite Access Technologies Inc.
  • 20678 Duncan Way
  • Suite 5
  • Langley
  • British Columbia
  • V3A 7A3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTCC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2015
LA7DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2015
LTETSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2015

Biography

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:35
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.