TSXV:SIM

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Siyata Mobile

Executive Summary

Siyata Mobile Inc. develops and provides cellular communications solutions for enterprise customers.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Siyata Mobile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.4%

SIM

1.9%

CA Communications

4.1%

CA Market


1 Year Return

-72.8%

SIM

-10.1%

CA Communications

-8.6%

CA Market

Return vs Industry: SIM underperformed the Canadian Communications industry which returned -10.5% over the past year.

Return vs Market: SIM underperformed the Canadian Market which returned -10.1% over the past year.


Shareholder returns

SIMIndustryMarket
7 Day-7.4%1.9%4.1%
30 Day-7.4%5.1%7.9%
90 Day-54.5%-0.8%-3.4%
1 Year-72.8%-72.8%-6.1%-10.1%-5.5%-8.6%
3 Year-80.5%-80.5%-24.7%-29.3%3.6%-6.1%
5 Yearn/a-9.8%-20.7%21.4%3.5%

Price Volatility Vs. Market

How volatile is Siyata Mobile's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Siyata Mobile undervalued compared to its fair value and its price relative to the market?

1.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SIM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SIM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SIM is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: SIM 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 SIM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SIM is overvalued based on its PB Ratio (1.2x) compared to the CA Communications industry average (1.2x).


Next Steps

Future Growth

How is Siyata Mobile forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.8%

Forecasted Tech industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SIM's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if SIM'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: Insufficient data to determine if SIM's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if SIM's revenue 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 SIM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Siyata Mobile performed over the past 5 years?

-54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIM is currently unprofitable.

Growing Profit Margin: SIM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIM is unprofitable, and losses have increased over the past 5 years at a rate of -54.6% per year.

Accelerating Growth: Unable to compare SIM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SIM is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (40.3%).


Return on Equity

High ROE: SIM has a negative Return on Equity (-104.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Siyata Mobile's financial position?


Financial Position Analysis

Short Term Liabilities: SIM's short term assets (CA$10.4M) exceed its short term liabilities (CA$2.8M).

Long Term Liabilities: SIM's short term assets (CA$10.4M) exceed its long term liabilities (CA$4.4M).


Debt to Equity History and Analysis

Debt Level: SIM's debt to equity ratio (31.9%) is considered satisfactory.

Reducing Debt: SIM 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: SIM has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SIM is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Siyata Mobile's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIM'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 SIM'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?

2.2yrs

Average management tenure


CEO

Marc Seelenfreund

4.92yrs

Tenure

CA$481,122

Compensation

Mr. Marc Seelenfreund has been the Chairman of Siyata Mobile Inc. since June 30, 2017 and as its Chief Executive Officer and a Director since July 29, 2015 and July 24, 2015 respectively. 


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD355.82K) is above average for companies of similar size in the Canadian market ($USD165.66K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marc Seelenfreund
Chairman & CEO4.92yrsCA$481.12kno data
Gerald Bernstein
Chief Financial Officer3.92yrsCA$165.57kno data
Eyal Pressler
Director of Salesno dataCA$189.11kno data
Jason DePue
Vice President of Sales0.42yrno datano data
Jamie Kitson
Vice President of Sales0.42yrno datano data

2.2yrs

Average Tenure

Experienced Management: SIM's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marc Seelenfreund
Chairman & CEO4.92yrsCA$481.12kno data
Raymond Roman
Member of Advisory Board1.42yrsno datano data
Joseph Grech
Member of Advisory Board4.5yrsno datano data
Richard Hoy
Independent Director0.50yrno datano data
Michael Budd
Independent Director4.92yrsCA$25.00kno data
Stephen Ospalak
Independent Director4.92yrsCA$67.32kno data
Michael Kron
Independent Director4.92yrsCA$67.92k0.11% CA$17.9k

4.5yrs

Average Tenure

Experienced Board: SIM's board of directors are considered experienced (4.5 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.1%.


Top Shareholders

Company Information

Siyata Mobile Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Siyata Mobile Inc.
  • Ticker: SIM
  • Exchange: TSXV
  • Founded:
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: CA$15.656m
  • Shares outstanding: 125.25m
  • Website: https://www.siyatamobile.com

Number of Employees


Location

  • Siyata Mobile Inc.
  • 1001 Lenoir Street
  • Suite A-414
  • Montreal
  • Quebec
  • H4C 2Z6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WK3DDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2015
SIMTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2015
SYAT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2015

Biography

Siyata Mobile Inc. develops and provides cellular communications solutions for enterprise customers. The company offers vehicle mounted cellular based communications platforms over advanced 4G mobile networks. Its products include Uniden UCP100, a device installed in the vehicle that allows drivers to stay connected while driving; Uniden UCP200, a smartphone for personal and commercial vehicles, vans, trucks, and fleets that includes various Android-based automotive applications and multimedia content; and Uniden BAGFONE, a mobile communications companion for remote locations. The company also provides 4G/LTE devices, such as Uniden UV350 and Uniden CP250, a vehicle communication device that delivers cellular voice calls, push-to-talk over cellular, data applications, navigation, built in camera, DVR, and others; and Uniden UR7, a 4G/LTE rugged smart phone for industrial users. In addition, it offers Uniden cellular signal boosters and accessories for homes, buildings, manufacturing facilities, and vehicles with poor cell coverage. The company serves cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets in Israel, Europe, Australia, New Zealand, Canada, and the United States. Siyata Mobile Inc. is based in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:55
End of Day Share Price2020/06/05 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.