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.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.4%

PNG

2.2%

CA Electronic

1.1%

CA Market


1 Year Return

-54.3%

PNG

-45.8%

CA Electronic

-22.9%

CA Market

Return vs Industry: PNG underperformed the Canadian Electronic industry which returned -45.8% over the past year.

Return vs Market: PNG underperformed the Canadian Market which returned -22.9% over the past year.


Shareholder returns

PNGIndustryMarket
7 Day1.4%2.2%1.1%
30 Day-25.0%-30.6%-17.3%
90 Day-34.2%-40.6%-23.4%
1 Year-54.3%-54.3%-43.9%-45.8%-20.4%-22.9%
3 Year92.3%92.3%-52.0%-54.3%-12.7%-20.8%
5 Year102.7%102.7%-38.8%-45.0%0.1%-14.9%

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 compared to its fair value and its price relative to the market?

5.61x

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 (5.6x) 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 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 (3.3% 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 (-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: PNG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51% each year


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 ($USD172.70K) is about average for companies of similar size in the Canadian market ($USD158.50K).

Compensation vs Earnings: Karl's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Karl Kenny
Presidentno dataCA$244.31k17.82% CA$9.8m
Greg Reid
Corporate Secretary & COO0.75yrCA$252.81k1.82% CA$1.0m
D. MacKay
Chief Financial Officer0.75yrno datano data
Sean Chapman
Chief Sonar Engineer7.25yrsno datano data
David Shea
Senior Vice President of Engineering0.75yrno datano data
Jeremy Dillon
Chief Scientist1.83yrsno datano data
Jakob Schwendner
Managing Director of Kraken Robotik GmbHno datano datano data
Carl Thiede
Managing Director of Kraken Power GmbHno datano datano 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

NamePositionTenureCompensationOwnership
Karl Kenny
Presidentno dataCA$244.31k17.82% CA$9.8m
Moya Cahill
Independent Director5.17yrsno datano data
Lawrence Puddister
Independent Director3.5yrsno data1.22% CA$675.0k
Shaun McEwan
Independent Director3.33yrsno data0.27% CA$150.0k
Michael Connor
Independent Director2.5yrsno datano 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$55.266m
  • 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

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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 11:17
End of Day Share Price2020/04/06 00:00
Earnings2019/09/30
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.