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
Snowflake Analysis
High growth potential with adequate balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.9%
PNG
13.0%
CA Electronic
6.3%
CA Market
1 Year Return
-50.0%
PNG
-40.4%
CA Electronic
-19.7%
CA Market
Return vs Industry: PNG underperformed the Canadian Electronic industry which returned -43.6% over the past year.
Return vs Market: PNG underperformed the Canadian Market which returned -21.2% over the past year.
Shareholder returns
| PNG | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.9% | 13.0% | 6.3% |
| 30 Day | -14.1% | -14.7% | -5.3% |
| 90 Day | -31.9% | -34.5% | -20.3% |
| 1 Year | -50.0%-50.0% | -38.2%-40.4% | -17.0%-19.7% |
| 3 Year | 97.5%97.5% | -45.4%-48.2% | -7.9%-16.5% |
| 5 Year | 113.5%113.5% | -29.4%-36.9% | 3.7%-11.8% |
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
Should Kraken Robotics (CVE:PNG) Be Disappointed With Their 68% Profit?3 months ago | Simply Wall St
Why Kraken Robotics Inc.'s (CVE:PNG) CEO Pay Matters To You4 months ago | Simply Wall St
Kraken Robotics's (CVE:PNG) Wonderful 367% Share Price Increase Shows How Capitalism Can Build WealthValuation
Is Kraken Robotics 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: PNG (CA$0.38) is trading below our estimate of fair value (CA$1.86)
Significantly Below Fair Value: PNG is trading below fair value by more than 20%.
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 (5.7x) compared to the CA Electronic industry average (2x).
Next Steps
Future Growth
How is Kraken Robotics forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
124.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: PNG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PNG's is expected to become profitable in the next 3 years.
Revenue vs Market: PNG's revenue (30.6% per year) is forecast to grow faster than the Canadian market (3.4% per year).
High Growth Revenue: PNG's revenue (30.6% 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 (-11.7%).
Return on Equity
High ROE: PNG has a negative Return on Equity (-36.95%), as it is currently unprofitable.
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
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: Insufficient data to determine if PNG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Kraken Robotics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Karl Kenny
no data
Tenure
CA$244,310
Compensation
Mr. Karl Kenny serves as the Chief Executive Officer and President at Kraken Sonar Inc. Mr. Kenny Co-Founded Marport Deep Sea Technologies Inc. (formerly, Marport Canada Inc.). Mr. Kenny has been Chief Str ...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD174.61K) is about average for companies of similar size in the Canadian market ($USD157.89K).
Compensation vs Earnings: Karl's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | CA$244.31k | 17.82% CA$10.4m | |
| Corporate Secretary & COO | 0.75yr | CA$252.81k | 1.82% CA$1.1m | |
| Chief Financial Officer | 0.75yr | no data | no data | |
| Chief Sonar Engineer | 7.25yrs | no data | no data | |
| Senior Vice President of Engineering | 0.75yr | no data | no data | |
| Chief Scientist | 1.83yrs | no data | no data | |
| Managing Director of Kraken Robotik GmbH | no data | no data | no data | |
| Managing Director of Kraken Power GmbH | no data | no data | no data |
0.8yrs
Average Tenure
Experienced Management: PNG's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | CA$244.31k | 17.82% CA$10.4m | |
| Independent Director | 5.17yrs | no data | no data | |
| Independent Director | 3.5yrs | no data | 1.22% CA$711.0k | |
| Independent Director | 3.33yrs | no data | 0.27% CA$158.0k | |
| Independent Director | 2.5yrs | no data | no data |
3.5yrs
Average Tenure
Experienced Board: PNG's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PNG insiders have only sold shares 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 47.1%.
Top Shareholders
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$58.214m
- Shares outstanding: 147.38m
- 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 applications. The company offers AquaPix interferometric synthetic aperture sonar (SAS) for use in onboard autonomous underwater vehicles, remotely operated tow vehicles, remotely operated vehicles, and tow bodies; AquaPix miniature SAS, an off the shelf configurable interferometric SAS; AquaTrak, a speed sensor; and SeaVision, a 3D laser system for underwater vehicles. It also provides KATFISH, an intelligent towed SAS system; ThunderFish, an autonomous underwater vehicle; A-LARS, an autonomous launch and recovery system; and DataPod, a removable data storage module for marine applications. In addition, the company offers pressure tolerant encapsulated components, such as batteries, thrusters, actuators, and electronics; and robotics as a service and engineering support services. It has operations in Canada, the United States, France, Italy, Israel, the United Kingdom, Germany, and internationally. The company was formerly known as Kraken Sonar Inc. and changed its name to Kraken Robotics Inc. in September 2017. Kraken Robotics Inc. was incorporated in 2008 and is headquartered in Mt. Pearl, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 03:15 |
| End of Day Share Price | 2020/04/08 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.