Skychain Technologies Inc. provides blockchain infrastructure services to cryptominers.
+ 3 more risks
Imperfect balance sheet and overvalued.
Share Price & News
How has Skychain Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SCT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SCT underperformed the Canadian Tech industry which returned 81.9% over the past year.
Return vs Market: SCT underperformed the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Skychain Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StWhat Kind Of Investor Owns Most Of Skychain Technologies Inc. (CVE:SCT)?
7 months ago | Simply Wall StWho Has Been Buying Skychain Technologies Inc. (CVE:SCT) Shares?
9 months ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For Skychain Technologies Inc. (CVE:SCT)?
Is Skychain Technologies undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SCT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SCT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SCT is unprofitable, so we can't compare its PE Ratio to the Tech industry average.
PE vs Market: SCT 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 SCT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SCT is good value based on its PB Ratio (1.2x) compared to the XN Tech industry average (1.7x).
How is Skychain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Skychain 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.
- Take a look at our analysis of SCT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Skychain Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has Skychain Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCT is currently unprofitable.
Growing Profit Margin: SCT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SCT is unprofitable, and losses have increased over the past 5 years at a rate of -80% per year.
Accelerating Growth: Unable to compare SCT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SCT is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (0.4%).
Return on Equity
High ROE: SCT has a negative Return on Equity (-759.14%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Skychain Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: SCT's short term assets (CA$236.6K) do not cover its short term liabilities (CA$905.3K).
Long Term Liabilities: SCT's short term assets (CA$236.6K) do not cover its long term liabilities (CA$902.3K).
Debt to Equity History and Analysis
Debt Level: SCT's debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: SCT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Inventory Level: SCT has a high level of physical assets or inventory.
Debt Coverage by Assets: SCT's debt is covered by short term assets (assets are 4.6x 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: SCT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SCT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -55.5% each year
What is Skychain Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SCT'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 SCT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SCT'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 SCT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Zhang 0
Mr. Ningtao Zhang also known as Bill, has been President and CEO at Vling E-Business Ltd. since 2015. He served as IT Manager at SCS Steel Containers System Inc. from 2009 to 2014. He has been Director at ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD38.48K) is below average for companies of similar size in the Canadian market ($USD155.16K).
Compensation vs Earnings: Insufficient data to compare Bill's compensation with company performance.
|Chief Financial Officer||0.5yrs||no data||no data|
Experienced Management: SCT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Member of Non-Executive Advisory Board||3.3yrs||no data||no data|
|Director||1.9yrs||no data||4.35% CA$31.0k|
|Independent Director||0.8yrs||no data||no data|
|Independent Director||0.5yrs||no data||no data|
Experienced Board: SCT's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 66.2%.
Skychain Technologies Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Skychain Technologies Inc.
- Ticker: SCT
- Exchange: TSXV
- Founded: 1977
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: CA$712.486k
- Shares outstanding: 8.38m
- Website: https://www.skychaintechnologiesinc.com
- Skychain Technologies Inc.
- 1112 West Pender Street
- Suite 415
- British Columbia
- V6E 2S1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SCT||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
Skychain Technologies Inc. provides blockchain infrastructure services to cryptominers. The company offers warehouse space, low-cost electricity, and maintenance and hosting services. It also markets and sells MiningSky 8-GPU Mining Rig, a GPU-based miner to mine Ethereum and other cryptocurrencies. The company was formerly known as Green Valley Mine Incorporated and changed its name to Skychain Technologies Inc. in September 2018. Skychain Technologies Inc. was incorporated in 1977 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 23:36|
|End of Day Share Price||2020/01/24 00:00|
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.