TSXV:VOTI

Stock Analysis Report

VOTI Detection

Executive Summary

VOTI Detection Inc. develops and manufactures X-ray security systems.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has VOTI Detection's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

VOTI

0.3%

CA Electronic

0.3%

CA Market


1 Year Return

n/a

VOTI

-21.5%

CA Electronic

0.1%

CA Market

Return vs Industry: Insufficient data to determine how VOTI performed against the Canadian Electronic industry.

Return vs Market: Insufficient data to determine how VOTI performed against the Canadian Market.


Shareholder returns

VOTIIndustryMarket
7 Day-3.0%0.3%0.3%
30 Day-27.3%-8.4%-2.5%
90 Day-31.9%-9.9%-1.4%
1 Yearn/a-19.2%-21.5%3.6%0.1%
3 Yearn/a-10.0%-17.1%14.3%4.1%
5 Yearn/a5.8%-5.9%25.0%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is VOTI Detection undervalued compared to its fair value and its price relative to the market?

11.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: VOTI (CA$1.6) is trading below our estimate of fair value (CA$1.8)

Significantly Undervalued: VOTI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

PE vs Market: VOTI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VOTI is overvalued based on its PB Ratio (5x) compared to the CA Electronic industry average (2.2x).


Next Steps

Future Growth

How is VOTI Detection forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

41.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOTI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VOTI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VOTI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: VOTI's revenue (17.4% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: VOTI's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: VOTI's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

How has VOTI Detection performed over the past 5 years?

-24.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VOTI is unprofitable, and losses have increased over the past 5 years at a rate of -24.8% per year.

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

Earnings vs Industry: VOTI is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (94.5%).


Return on Equity

High ROE: VOTI has a negative Return on Equity (-84.75%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: VOTI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: VOTI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is VOTI Detection's financial position?


Financial Position Analysis

Short Term Liabilities: VOTI's short term assets (CA$15.8M) exceeds its short term liabilities (CA$6.1M)

Long Term Liabilities: VOTI's short term assets (15.8M) exceeds its long term liabilities (5.4M)


Debt to Equity History and Analysis

Debt Level: VOTI's debt to equity ratio (34.9%) is considered satisfactory

Reducing Debt: Insufficient data to determine if VOTI's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: VOTI has a high level of physical assets or inventory.

Debt Coverage by Assets: VOTI's debt is covered by short term assets (assets are 6.009900x 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: VOTI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VOTI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -48.1% each year


Next Steps

Dividend

What is VOTI Detection's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if VOTI'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 VOTI'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 VOTI Detection's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Rory Olson (60yo)

3.5yrs

Tenure

CA$1,325,457

Compensation

Mr. Rory Olson has been the Chief Executive Officer of VOTI Detection Inc. since April 2016 and serves as its President. Mr. Olson served as Chairman and Chief Executive Officer of Airborne Studios LLC (fo ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Rory's total compensation is reasonable compared to companies of similar size in the Canadian market.

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


Management Age and Tenure

3.3yrs

Average Tenure

60yo

Average Age

Experienced Management: VOTI's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

0.9yrs

Average Tenure

63yo

Average Age

Experienced Board: VOTI's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: VOTI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$2,82031 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,200
Max PriceCA$2.35
BuyCA$12,69030 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares5,400
Max PriceCA$2.35
BuyCA$1,41029 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares600
Max PriceCA$2.35
BuyCA$1,17519 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500
Max PriceCA$2.35
BuyCA$33,60518 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares14,300
Max PriceCA$2.35
BuyCA$47017 Jul 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares200
Max PriceCA$2.35
BuyCA$6,56227 Jun 19
Philip Murray
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,800
Max PriceCA$2.35

Ownership Breakdown


Management Team

  • Rory Olson (60yo)

    President

    • Tenure: 3.5yrs
    • Compensation: CA$1.33m
  • Kevin McGarr

    Executive Vice President of Corporate Affairs

    • Tenure: 3.3yrs
    • Compensation: CA$299.91k
  • William Awad

    Founder & CTO

    • Tenure: 0yrs
    • Compensation: CA$602.72k
  • Michael Ickman (37yo)

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: CA$117.12k
  • Richard Shatilla (34yo)

    Executive Vice-President of Global Sales & Marketing

    • Tenure: 0yrs
    • Compensation: CA$375.05k
  • Ben Wagner (63yo)

    Executive Vice President of Product Strategy & Product Management

    • Tenure: 0yrs
  • Campbell Stuart (66yo)

    Secretary

    • Tenure: 0yrs

Board Members

  • Neil Hindle (66yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: CA$41.81k
  • Joe Paresi (63yo)

    Member of Advisory Board

    • Tenure: 0.3yrs
  • Alain Miquelon (49yo)

    Director

    • Tenure: 0.9yrs
  • James Cherry (65yo)

    Director

    • Tenure: 0.9yrs
  • Karna Gupta

    Director

    • Tenure: 9.5yrs
    • Compensation: CA$83.61k
  • Rory Olson (60yo)

    President

    • Tenure: 3.5yrs
    • Compensation: CA$1.33m
  • Marc-André Aubé (46yo)

    Director

    • Tenure: 0.9yrs
  • Phil Murray (75yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Kelly Hoggan

    Member of Advisory Board

    • Tenure: 0.3yrs

Company Information

VOTI Detection Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VOTI Detection Inc.
  • Ticker: VOTI
  • Exchange: TSXV
  • Founded: 2008
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$42.516m
  • Shares outstanding: 26.57m
  • Website: https://votidetection.com

Number of Employees


Location

  • VOTI Detection Inc.
  • 790 Begin Street
  • Saint-Laurent
  • Quebec
  • H4M 2N5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOTITSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2018

Biography

VOTI Detection Inc. develops and manufactures X-ray security systems. The company also provides mobile series X-ray security systems; and after care, system maintenance, warranty, remote servicing, and tra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:41
End of Day Share Price2019/10/15 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.