Executive Summary
Kraken Robotics Inc., a marine technology company, designs, manufactures, and sells software-centric sensors and underwater robotic systems for unmanned underwater vehicles used in military and commercial applications.
Rewards
Risk Analysis
Earnings have declined by -17.05% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Adequate balance sheet with limited growth.
Similar Companies
Share Price & News
How has Kraken Robotics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PNG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.6%
PNG
-1.1%
CA Electronic
0.1%
CA Market
1 Year Return
47.6%
PNG
-9.9%
CA Electronic
12.1%
CA Market
Return vs Industry: PNG exceeded the Canadian Electronic industry which returned -9.9% over the past year.
Return vs Market: PNG exceeded the Canadian Market which returned 12.1% over the past year.
Shareholder returns
| PNG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -1.1% | 0.1% |
| 30 Day | -3.1% | -3.7% | 0.2% |
| 90 Day | 0% | -1.1% | 0.7% |
| 1 Year | 47.6%47.6% | -7.3%-9.9% | 15.9%12.1% |
| 3 Year | 376.9%376.9% | -11.8%-16.3% | 16.0%5.4% |
| 5 Year | n/a | 0.2%-10.6% | 33.5%13.8% |
Price Volatility Vs. Market
How volatile is Kraken Robotics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Kraken Robotics's (CVE:PNG) Wonderful 367% Share Price Increase Shows How Capitalism Can Build Wealth1 month ago | Simply Wall St
Kraken Robotics Inc. (CVE:PNG): Are Analysts Optimistic?2 months ago | Simply Wall St
Estimating The Fair Value Of Kraken Robotics Inc. (CVE:PNG)Valuation
Is Kraken Robotics undervalued compared to its fair value and its price relative to the market?
9.27x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PNG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PNG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PNG is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: PNG 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 PNG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PNG is overvalued based on its PB Ratio (9.3x) compared to the CA Electronic industry average (2.3x).
Next Steps
Future Growth
How is Kraken Robotics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
58.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PNG's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if PNG'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: PNG's revenue (58.5% per year) is forecast to grow faster than the Canadian market (5% per year).
High Growth Revenue: PNG's revenue (58.5% 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 PNG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Kraken Robotics performed over the past 5 years?
-17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNG is currently unprofitable.
Growing Profit Margin: PNG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PNG is unprofitable, and losses have increased over the past 5 years at a rate of -17.1% per year.
Accelerating Growth: Unable to compare PNG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PNG is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (108.9%).
Return on Equity
High ROE: PNG has a negative Return on Equity (-36.95%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Kraken Robotics's financial position?
Financial Position Analysis
Short Term Liabilities: PNG's short term assets (CA$12.5M) exceed its short term liabilities (CA$4.8M).
Long Term Liabilities: PNG's short term assets (CA$12.5M) exceed its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: PNG's debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: PNG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Inventory Level: PNG has a high level of physical assets or inventory.
Debt Coverage by Assets: PNG's debt is covered by short term assets (assets are 35x debt).
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: PNG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PNG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -56.1% each year
Next Steps
Dividend
What is Kraken Robotics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PNG'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 PNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNG'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 PNG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Kraken Robotics's salary, the management and board of directors tenure and is there insider trading?
0.4yrs
Average management tenure
CEO
Karl Kenny 0
0yrs
Tenure
CA$244,310
Compensation
Mr. Karl Kenny serves as the Chief Executive Officer and President at Kraken Sonar Inc. Mr. Kenny Co-Founded Marport Deep Sea Technologies Inc. (formerly, Marport Canada Inc.). Mr. Kenny has been Chief Str ...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD185.07K) is about average for companies of similar size in the Canadian market ($USD170.54K).
Compensation vs Earnings: Karl's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
0.4yrs
Average Tenure
Experienced Management: PNG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Age and Tenure
3.2yrs
Average Tenure
Experienced Board: PNG's board of directors are considered experienced (3.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Operating Officer Corporate Secretary & COO |
| Shares | 44,000 |
| Max Price | CA$0.53 |
| Entity | Company |
| Shares | 2,500,000 |
| Max Price | CA$0.40 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47.1%.
Management Team
Greg Reid
Corporate Secretary & COO
- Tenure: 0.4yrs
- Compensation: CA$252.81k
Joe MacKay
Chief Financial Officer
- Tenure: 0.4yrs
Karl Kenny
President
- Tenure: 0yrs
- Compensation: CA$244.31k
Sean Chapman
Chief Sonar Engineer
- Tenure: 6.9yrs
Dave Shea
Senior Vice President of Engineering
- Tenure: 0.4yrs
Jakob Schwendner
Managing Director of Kraken Robotik GmbH
- Tenure: 0yrs
Carl Thiede
Managing Director of Kraken Power GmbH
- Tenure: 0yrs
Jeremy Dillon
Chief Scientist
- Tenure: 1.5yrs
Board Members
Moya Cahill
Independent Director
- Tenure: 4.8yrs
Larry Puddister
Independent Director
- Tenure: 3.2yrs
Karl Kenny
President
- Tenure: 0yrs
- Compensation: CA$244.31k
Shaun McEwan
Independent Director
- Tenure: 3yrs
Mike Connor
Independent Director
- Tenure: 2.2yrs
Company Information
Kraken Robotics Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kraken Robotics Inc.
- Ticker: PNG
- Exchange: TSXV
- Founded: 2008
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: CA$91.098m
- Shares outstanding: 146.93m
- Website: https://www.krakenrobotics.com
Number of Employees
Location
- Kraken Robotics Inc.
- 189 Glencoe Drive
- Mount Pearl
- Newfoundland and Labrador
- A1N 4P6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PNG | TSXV (TSX Venture Exchange) | Yes | New Common Shares | CA | CAD | Feb 2015 |
| KRKN.F | OTCPK (Pink Sheets LLC) | Yes | New Common Shares | US | USD | Feb 2015 |
| 2KQ | DB (Deutsche Boerse AG) | Yes | New Common Shares | DE | EUR | Feb 2015 |
Biography
Kraken Robotics Inc., a marine technology company, designs, manufactures, and sells software-centric sensors and underwater robotic systems for unmanned underwater vehicles used in military and commercial  ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/14 01:35 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.