TSXV:YTY

Stock Analysis Report

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Executive Summary

Wi2Wi Corporation designs, integrates, and manufactures wireless technology solutions in the United States and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Wi2Wi's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

16.7%

YTY

1.0%

CA Communications

2.7%

CA Market


1 Year Return

-22.2%

YTY

-12.9%

CA Communications

-11.5%

CA Market

Return vs Industry: YTY underperformed the Canadian Communications industry which returned -12.9% over the past year.

Return vs Market: YTY underperformed the Canadian Market which returned -11.5% over the past year.


Shareholder returns

YTYIndustryMarket
7 Day16.7%1.0%2.7%
30 Day16.7%1.5%1.6%
90 Day-6.7%-6.0%-8.4%
1 Year-22.2%-22.2%-9.0%-12.9%-8.5%-11.5%
3 Year-46.2%-46.2%-25.9%-30.6%-0.5%-9.8%
5 Year-66.7%-66.7%-12.3%-22.6%14.6%-2.4%

Price Volatility Vs. Market

How volatile is Wi2Wi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wi2Wi undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YTY (CA$0.07) is trading below our estimate of fair value (CA$0.25)

Significantly Below Fair Value: YTY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: YTY is good value based on its PE Ratio (14.3x) compared to the Communications industry average (20.2x).

PE vs Market: YTY is poor value based on its PE Ratio (14.3x) compared to the Canadian market (12.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: YTY is good value based on its PB Ratio (1.1x) compared to the CA Communications industry average (1.1x).


Next Steps

Future Growth

How is Wi2Wi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

43.7%

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 Wi2Wi 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 Wi2Wi performed over the past 5 years?

-53.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YTY has high quality earnings.

Growing Profit Margin: YTY's current net profit margins (5.4%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: YTY has become profitable over the past 5 years, growing earnings by -53.4% per year.

Accelerating Growth: YTY's earnings growth over the past year (252%) exceeds its 5-year average (-53.4% per year).

Earnings vs Industry: YTY earnings growth over the past year (252%) exceeded the Communications industry 5.6%.


Return on Equity

High ROE: YTY's Return on Equity (7.5%) is considered low.


Next Steps

Financial Health

How is Wi2Wi's financial position?


Financial Position Analysis

Short Term Liabilities: YTY's short term assets ($7.1M) exceed its short term liabilities ($1.4M).

Long Term Liabilities: YTY's short term assets ($7.1M) exceed its long term liabilities ($3.6M).


Debt to Equity History and Analysis

Debt Level: YTY's debt to equity ratio (2.8%) is considered satisfactory.

Reducing Debt: YTY's debt to equity ratio has reduced from 180.5% to 2.8% over the past 5 years.

Debt Coverage: YTY's debt is well covered by operating cash flow (565.5%).

Interest Coverage: YTY's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Wi2Wi's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.5yrs

Average board tenure


CEO

Zach Mathews (57yo)

5.58yrs

Tenure

US$197,193

Compensation

Mr. Zachariah J. Mathews, also known as Zach, has been the Chief Executive Officer and President of Wi2Wi Corporation since October 31, 2014. Mr. Mathews served as Chief Operation Officer of Wi2Wi Corporat ...


CEO Compensation Analysis

Compensation vs Market: Zach's total compensation ($USD197.19K) is about average for companies of similar size in the Canadian market ($USD158.99K).

Compensation vs Earnings: Zach's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Zachariah Mathews
President5.58yrsUS$197.19kno data
Francesco Ferlaino
Independent Director1.5yrsno data2.1% $224.0k
Gary DuBroc
Independent Chairman1.5yrsno datano data
Carol Hess
Independent Director1.42yrsno datano data
Matthew Balazsi
Directorno datano data0.033% $3.5k

1.5yrs

Average Tenure

Experienced Board: YTY's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Wi2Wi Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wi2Wi Corporation
  • Ticker: YTY
  • Exchange: TSXV
  • Founded: 2005
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: CA$10.645m
  • Shares outstanding: 152.08m
  • Website: https://www.wi2wi.com

Location

  • Wi2Wi Corporation
  • 1879 Lundy Avenue
  • Suite 218
  • San Jose
  • California
  • 95131
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YTYTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2013
ISEY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2013

Biography

Wi2Wi Corporation designs, integrates, and manufactures wireless technology solutions in the United States and internationally. It offers wireless connectivity solutions, such as multi-protocol, Wi-Fi, and MCU embedded Bluetooth modules; location and navigation products, including GNSS and GPS modules; and timing and frequency control products comprising clock oscillators, crystals, crystal filters, and RF and microwave filters. The company also provides rubber duck antennas, PCB antennas, and antenna connector cables. Its products are primarily used in Internet of Things (IoT), industrial IoT, avionics, space, military, defense, infrastructure, automotive, industrial, communications, mobile-radio, personal navigation devices, consumer, and medical applications. The company sells its products to OEMs, enterprises, and distributors. Wi2Wi Corporation was founded in 2005 and is headquartered in San Jose, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 07:27
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.