TSXV:LTE

Stock Analysis Report

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.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.9%

LTE

2.1%

CA Communications

2.1%

CA Market


1 Year Return

-23.5%

LTE

-30.9%

CA Communications

-21.2%

CA Market

Return vs Industry: LTE exceeded the Canadian Communications industry which returned -30.9% over the past year.

Return vs Market: LTE underperformed the Canadian Market which returned -21.2% over the past year.


Shareholder returns

LTEIndustryMarket
7 Day6.9%2.1%2.1%
30 Day-16.2%-19.1%-13.8%
90 Day-12.7%-28.1%-21.9%
1 Year-23.5%-23.5%-30.5%-30.9%-18.6%-21.2%
3 Year-89.7%-89.7%-49.1%-50.0%-11.0%-19.3%
5 Yearn/a-51.0%-52.5%1.6%-13.6%

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?

2.12x

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 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 (2.1x) compared to the CA Communications industry average (1x).


Next Steps

Future Growth

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

77.4%

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 Lite Access 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

Past Performance

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

-43.5%

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 -43.5% 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 (-12.4%).


Return on Equity

High ROE: LTE has a negative Return on Equity (-103.3%), 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$3.4M) exceed its short term liabilities (CA$1.8M).

Long Term Liabilities: LTE's short term assets (CA$3.4M) exceed its long term liabilities (CA$246.2K).


Debt to Equity History and Analysis

Debt Level: LTE's debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: LTE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 less than a year of cash runway 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 -42.6% 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 payouts.

High Dividend: Unable to evaluate LTE'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 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?

0.9yrs

Average management tenure


CEO

Carlo Shimoon

2.08s

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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD157.89K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Carlo Shimoon
President2.08yrsCA$359.41k0.43% CA$67.4k
Michael Priest
Co-Founder & Advisorno dataCA$321.05kno data
Michael Plotnikoff
Co-Founder & Advisorno dataCA$459.19kno data
Chui Wong
Chief Financial Officer0.75yrno datano data
Scott Grant
Vice President of Sales0.58yrno datano data
Cameron Cromwell
Managing Director of UK1yrno datano data

0.9yrs

Average Tenure

Experienced Management: LTE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Carlo Shimoon
President2.08yrsCA$359.41k0.43% CA$67.4k
Mark Schnarr
Member of Advisory Board3.75yrsno datano data
Robert Toyoda
Corporate Secretary & Director4.92yrsCA$25.46k0.020% CA$3.1k
Kevin Smith
Independent Director2.83yrsCA$25.46kno data
Steven King
Independent Director2.83yrsCA$120.02kno data
Gregory Smith
Chairman of the Board & Directorno dataCA$25.46k0.022% CA$3.5k
Daniel Nanson
Independent Director0.75yrno datano data

2.8yrs

Average Tenure

52yo

Average Age

Experienced Board: LTE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LTE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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$15.831m
  • Shares outstanding: 51.07m
  • 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 internationally. It operates in two segments, Product and Fibre Optic Installation. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services that are used in various communication networks. It also provides fiber-optic cables, aerial and low fire hazard micro-ducts, connectors, and sundries, as well as proprietary items, such as a cutting head, shark blades, and the LiteXtend solution. The company serves municipal and regional governments, telecom carriers and Internet service providers, first nations communities, and fibre to the home/premises, as well as intelligent traffic control, healthcare, point to point, and education networks. Lite Access Technologies Inc. was incorporated in 2003 and is headquartered in Langley, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 04:34
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
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.