TSXV:TLA

Stock Analysis Report

Executive Summary

Titan Logix Corp., a technology company, engages in the research and development, manufacture, and marketing of technology fluid management solutions in Canada, the United States, and internationally.

Rewards

Earnings grew by 65.3% over the past year

Risk Analysis

Earnings have declined by -26.56% per year over past 5 years

Large one-off items impacting financial results

Does not have meaningful revenue (CA$6M)

Does not have a meaningful market cap (CA$13M)



Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Titan Logix's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TLA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.4%

TLA

-0.5%

CA Electronic

-5.3%

CA Market


1 Year Return

-10.2%

TLA

-5.2%

CA Electronic

-1.6%

CA Market

Return vs Industry: TLA underperformed the Canadian Electronic industry which returned -3.7% over the past year.

Return vs Market: TLA underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

TLAIndustryMarket
7 Day5.4%-0.5%-5.3%
30 Day12.8%5.9%-4.2%
90 Day7.8%13.0%0.3%
1 Year-10.2%-10.2%-2.3%-5.2%1.4%-1.6%
3 Year-24.2%-24.2%-13.7%-18.1%-4.3%-11.9%
5 Year-62.4%-62.4%3.3%-8.1%10.3%-4.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Titan Logix undervalued compared to its fair value and its price relative to the market?

61.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TLA is poor value based on its PE Ratio (122x) compared to the Electronic industry average (16.6x).

PE vs Market: TLA is poor value based on its PE Ratio (122x) compared to the Canadian market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TLA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TLA is good value based on its PB Ratio (0.8x) compared to the CA Electronic industry average (2.4x).


Next Steps

Future Growth

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

0.6%

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 Titan Logix 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.


Next Steps

Past Performance

How has Titan Logix performed over the past 5 years?

-15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TLA has a large one-off gain of CA$225.6K impacting its November 30 2019 financial results.

Growing Profit Margin: TLA's current net profit margins (4.1%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: TLA's earnings have declined by -26.6% per year over the past 5 years.

Accelerating Growth: TLA's earnings growth over the past year (65.3%) exceeds its 5-year average (-15.6% per year).

Earnings vs Industry: TLA earnings growth over the past year (65.3%) exceeded the Electronic industry 22.1%.


Return on Equity

High ROE: TLA's Return on Equity (0.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Titan Logix's financial position?


Financial Position Analysis

Short Term Liabilities: TLA's short term assets (CA$11.6M) exceed its short term liabilities (CA$594.9K).

Long Term Liabilities: TLA's short term assets (CA$11.7M) exceed its long term liabilities (CA$480.9K).


Debt to Equity History and Analysis

Debt Level: TLA is debt free.

Reducing Debt: TLA had no debt 5 years ago.

Debt Coverage: TLA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TLA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TLA has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TLA's debt is covered by short term assets.


Next Steps

Dividend

What is Titan Logix's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.5%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TLA'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 TLA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TLA'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 TLA's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.0yrs

Average board tenure


CEO

Alvin Pyke 0

1.9yrs

Tenure

CA$219,517

Compensation

Mr. Alvin Pyke, P.Eng. has been the Chief Executive Officer at Titan Logix Corp. since February 22, 2018 and its Chief Technology Officer since September 28, 2018. Mr. Pyke served as the Chief Executive Of ...


CEO Compensation Analysis

Compensation vs Market: Alvin's total compensation ($USD168.02K) is about average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Alvin's compensation has increased by more than 20% in the past year.


Board Age and Tenure

3.0yrs

Average Tenure

Experienced Board: TLA's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$1,558,42323 Apr 19
The Jerry Zucker Revocable Trust
EntityCompany
Shares2,833,500
Max PriceCA$0.55

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Angela Schultz

    Chief Financial Officer

    • Tenure: 15yrs
    • Compensation: CA$161.70k
  • Alvin Pyke

    CEO, CTO & Director

    • Tenure: 1.9yrs
    • Compensation: CA$219.52k

Board Members

  • S. Reeves (62yo)

    Independent Chairman

    • Tenure: 3yrs
    • Compensation: CA$24.40k
  • Helen Cornett

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: CA$22.00k
  • Warren White (67yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: CA$22.00k
  • Alvin Pyke

    CEO, CTO & Director

    • Tenure: 1.9yrs
    • Compensation: CA$219.52k
  • Victor Lee

    Independent Director

    • Tenure: 0.2yrs

Company Information

Titan Logix Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Titan Logix Corp.
  • Ticker: TLA
  • Exchange: TSXV
  • Founded: 1979
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$13.840m
  • Shares outstanding: 28.54m
  • Website: https://www.titanlogix.com

Location

  • Titan Logix Corp.
  • 4130 – 93 Street NW
  • Edmonton
  • Alberta
  • T6E 5P5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TLATSXV (TSX Venture Exchange)YesCommon SharesCACADDec 1989
TPCF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1989

Biography

Titan Logix Corp., a technology company, engages in the research and development, manufacture, and marketing of technology fluid management solutions in Canada, the United States, and internationally. Its products include guided wave radar gauges for level measurement and overfill prevention; level gauges for storage tanks; and communication systems for remote alarming and control. The company also offers mobile tank gauging products, including liquid level gauges, and displays and accessories; and stationary tank gauging systems, such as free space radars, guided wave radars, totalizers and rate meters, and vibronic switches. It serves oil and gas, waste fluid collection, chemical, and aviation industries. The company was formerly known as Titan Pacific Resources Ltd. and changed its name to Titan Logix Corp. The company was founded in 1979 and is headquartered in Edmonton, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/26 23:48
End of Day Share Price2020/01/24 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.