TSXV:PNG

Stock Analysis Report

Kraken Robotics

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 in Canada, the United States, France, Italy, Israel, the United Kingdom, Germany, and internationally.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.

Risks

  • Kraken Robotics has significant price volatility in the past 3 months.
  • Kraken Robotics is covered by less than 3 analysts.

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


Market Performance


7 Day Return

2.0%

TSXV:PNG

1.3%

CA Electronic

1.0%

CA Market


1 Year Return

38.9%

TSXV:PNG

-22.6%

CA Electronic

-5.0%

CA Market

PNG outperformed the Electronic industry which returned -23.2% over the past year.

PNG outperformed the Market in Canada which returned -4.1% over the past year.


Share holder returns

PNGIndustryMarket
7 Day2.0%1.3%1.0%
30 Day-9.1%-2.8%-2.8%
90 Day-23.1%1.1%-1.7%
1 Year38.9%38.9%-21.6%-22.6%-1.7%-5.0%
3 Year203.0%203.0%-6.4%-12.6%14.7%4.4%
5 Yearn/a2.7%-7.6%12.5%-3.3%

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

Valuation

Is Kraken Robotics undervalued based on future cash flows and its price relative to the stock market?

6.96x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Kraken Robotics to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Kraken Robotics to establish if it is available at substantial discount.


Price Based on Earnings

Kraken Robotics is loss making, we can't compare its value to the CA Electronic industry average.

Kraken Robotics is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Kraken Robotics, we can't assess if its growth is good value.


Price Based on Value of Assets

Kraken Robotics is overvalued based on assets compared to the CA Electronic industry average.


Next Steps

Future Growth

How is Kraken Robotics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

71.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Kraken Robotics's revenue is expected to grow significantly at over 20% yearly.

Unable to determine if Kraken Robotics is high growth as no earnings estimate data is available.

Kraken Robotics's revenue growth is expected to exceed the Canada market average.

Unable to compare Kraken Robotics's earnings growth to the Canada market average as no estimate data is available.

Unable to compare Kraken Robotics's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Kraken Robotics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Kraken Robotics performed over the past 5 years?

-12.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Kraken Robotics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Kraken Robotics's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Kraken Robotics's 1-year growth to the CA Electronic industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Kraken Robotics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Kraken Robotics has efficiently used its assets last year compared to the CA Electronic industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Kraken Robotics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Kraken Robotics's financial position?


Financial Position Analysis

Kraken Robotics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Kraken Robotics's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Kraken Robotics's level of debt (3.5%) compared to net worth is satisfactory (less than 40%).

Kraken Robotics had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 33.1x 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.

Kraken Robotics has less than a year of cash runway based on current free cash flow.

Kraken Robotics has less than a year of cash runway if free cash flow continues to grow at historical rates of 60.2% each year.


Next Steps

Dividend

What is Kraken Robotics's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Kraken Robotics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Kraken Robotics's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Kraken Robotics has not reported any payouts.

Unable to verify if Kraken Robotics's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Kraken Robotics has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Kraken Robotics's salary, the management and board of directors tenure and is there insider trading?

0.08yrs

Average management tenure


CEO

Karl Kenny 0

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

Karl's remuneration is higher than average for companies of similar size in Canada.

Karl's compensation has increased whilst company is loss making.


Management Age and Tenure

0.08yrs

Average Tenure

The average tenure for the Kraken Robotics management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

The average tenure for the Kraken Robotics board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Kraken Robotics individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyCA$23,32007 Jun 19
Greg Reid
EntityIndividual
Role
Chief Operating Officer
Corporate Secretary & COO
Shares44,000
Max PriceCA$0.53
BuyCA$1,000,00127 Dec 18
Ocean Infinity Ltd.
EntityCompany
Shares2,500,000
Max PriceCA$0.40

Ownership Breakdown


Management Team

  • Greg Reid

    Corporate Secretary & COO

    • Tenure: 0.1yrs
    • Compensation: CA$252.81k
  • Joe MacKay

    Chief Financial Officer

    • Tenure: 0.1yrs
  • Karl Kenny

    President

    • Tenure: 0.0yrs
    • Compensation: CA$244.31k
  • Sean Chapman

    Chief Sonar Engineer

    • Tenure: 6.6yrs
  • Dave Shea

    Senior Vice President of Engineering

    • Tenure: 0.1yrs
  • Jakob Schwendner

    Managing Director of Kraken Robotik GmbH

    • Tenure: 0.0yrs
  • Carl Thiede

    Managing Director of Kraken Power GmbH

    • Tenure: 0.0yrs
  • Jeremy Dillon

    Chief Scientist

    • Tenure: 1.2yrs

Board Members

  • Moya Cahill

    Independent Director

    • Tenure: 4.5yrs
  • Larry Puddister

    Independent Director

    • Tenure: 2.8yrs
  • Karl Kenny

    President

    • Tenure: 0.0yrs
    • Compensation: CA$244.31k
  • Shaun McEwan

    Independent Director

    • Tenure: 2.7yrs
  • Mike Connor

    Director

    • Tenure: 1.8yrs

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$72.976m
  • Shares outstanding: 145.95m
  • Website: https://www.krakenrobotics.com

Number of Employees


Location

  • Kraken Robotics Inc.
  • 189 Glencoe Drive
  • Mount Pearl
  • Newfoundland and Labrador
  • A1N 4P6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNGTSXV (TSX Venture Exchange)YesNew Common SharesCACADFeb 2015
KRKN.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDFeb 2015
2KQDB (Deutsche Boerse AG)YesNew Common SharesDEEURFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:55
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.