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SXI

Synex Renewable Energy TSX:SXI Stock Report

Last Price

CA$3.05

Market Cap

CA$12.2m

7D

0%

1Y

8.9%

Updated

23 Sep, 2022

Data

Company Financials
SXI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SXI Stock Overview

Synex Renewable Energy Corporation, through its subsidiaries, develops, owns, and operates electric power generation facilities.

Synex Renewable Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Synex Renewable Energy
Historical stock prices
Current Share PriceCA$3.05
52 Week HighCA$3.27
52 Week LowCA$2.40
Beta0.46
1 Month Change1.67%
3 Month Change1.67%
1 Year Change8.93%
3 Year Change19.61%
5 Year Change-33.70%
Change since IPO-40.20%

Recent News & Updates

Feb 08
Synex Renewable Energy's (TSE:SXI) Returns On Capital Not Reflecting Well On The Business

Synex Renewable Energy's (TSE:SXI) Returns On Capital Not Reflecting Well On The Business

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Shareholder Returns

SXICA Renewable EnergyCA Market
7D0%-6.5%-4.8%
1Y8.9%-2.0%-7.2%

Return vs Industry: SXI exceeded the Canadian Renewable Energy industry which returned -1.8% over the past year.

Return vs Market: SXI exceeded the Canadian Market which returned -4.6% over the past year.

Price Volatility

Is SXI's price volatile compared to industry and market?
SXI volatility
SXI Average Weekly Movementn/a
Renewable Energy Industry Average Movement3.8%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: Insufficient data to determine SXI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SXI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19736Daniel Russellhttps://www.synex.com

Synex Renewable Energy Corporation, through its subsidiaries, develops, owns, and operates electric power generation facilities. It provides consulting engineering services for the control and use of water, as well as related developments requiring civil, water resource, and environmental engineering projects primarily in the fields of hydrology, river engineering, fisheries and environmental assessment, water quality, site development services, water supply, hydro power, wastewater treatment and disposal, flood control, and storm water management projects. The company also offers professional services, which includes research, feasibility studies, project management, technical design, construction management, and operation facilities.

Synex Renewable Energy Fundamentals Summary

How do Synex Renewable Energy's earnings and revenue compare to its market cap?
SXI fundamental statistics
Market CapCA$12.24m
Earnings (TTM)-CA$1.27m
Revenue (TTM)CA$3.33m

3.7x

P/S Ratio

-9.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SXI income statement (TTM)
RevenueCA$3.33m
Cost of RevenueCA$220.85k
Gross ProfitCA$3.11m
Other ExpensesCA$4.37m
Earnings-CA$1.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.32
Gross Margin93.36%
Net Profit Margin-38.11%
Debt/Equity Ratio283.3%

How did SXI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SXI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SXI?

Other financial metrics that can be useful for relative valuation.

SXI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.1x
Enterprise Value/EBITDA22x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SXI's PS Ratio compare to its peers?

SXI PS Ratio vs Peers
The above table shows the PS ratio for SXI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.8x
CBLU Clear Blue Technologies International
1.3xn/aCA$7.7m
MXG Maxim Power
1.3xn/aCA$212.3m
JE.H Just Energy Group
0.003xn/aCA$10.6m
SOLR Solar Alliance Energy
8.8xn/aCA$28.9m
SXI Synex Renewable Energy
3.7xn/aCA$12.2m

Price-To-Sales vs Peers: SXI is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does SXI's PE Ratio compare vs other companies in the CA Renewable Energy Industry?

Price-To-Sales vs Industry: SXI is good value based on its Price-To-Sales Ratio (3.7x) compared to the North American Renewable Energy industry average (3.7x)


Price to Sales Ratio vs Fair Ratio

What is SXI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SXI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SXI's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SXI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SXI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SXI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.3%

Forecasted Utilities 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 Synex Renewable Energy 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.


Discover growth companies

  • Take a look at our analysis of SXI’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.
  • Synex Renewable Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Synex Renewable Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SXI is currently unprofitable.

Growing Profit Margin: SXI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SXI is unprofitable, and losses have increased over the past 5 years at a rate of 7.3% per year.

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

Earnings vs Industry: SXI is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-26.7%).


Return on Equity

High ROE: SXI has a negative Return on Equity (-24.68%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Synex Renewable Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SXI's short term assets (CA$1.9M) exceed its short term liabilities (CA$1.7M).

Long Term Liabilities: SXI's short term assets (CA$1.9M) do not cover its long term liabilities (CA$15.6M).


Debt to Equity History and Analysis

Debt Level: SXI's net debt to equity ratio (261.6%) is considered high.

Reducing Debt: SXI's debt to equity ratio has increased from 114.3% to 283.3% over the past 5 years.


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: SXI has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: SXI has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 35.6% each year.


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Dividend

What is Synex Renewable Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SXI's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SXI is not paying a notable dividend for the Canadian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SXI has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Daniel Russell

3.67yrs

Tenure

CA$236,352

Compensation

Mr. Daniel J. Russell serves as the President of CBB Canadian Babbitt Bearings Ltd. Mr. Russell serves as the Chief Executive Officer of Canadian Maritime Engineering Ltd and S R Metal Coatings (2004) Ltd....


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD174.23K) is about average for companies of similar size in the Canadian market ($USD177.75K).

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


Leadership Team

Experienced Management: SXI's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: SXI's board of directors are considered experienced (3.8 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

TSX:SXI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Jun 22BuyCA$9,600Daniel RussellIndividual3,200CA$3.00
22 Jun 22BuyCA$8,400Daniel RussellIndividual2,800CA$3.00
21 Jun 22BuyCA$600Daniel RussellIndividual200CA$3.00
20 Jun 22BuyCA$4,500Daniel RussellIndividual1,500CA$3.00
17 Jun 22BuyCA$18,930Daniel RussellIndividual6,500CA$2.96
16 Jun 22BuyCA$23,840Daniel RussellIndividual8,000CA$2.98
15 Jun 22BuyCA$35,712Daniel RussellIndividual12,000CA$2.98
25 May 22BuyCA$5,960Daniel RussellIndividual2,000CA$2.98
24 May 22BuyCA$290Daniel RussellIndividual100CA$2.90
19 May 22BuyCA$15,738Daniel RussellIndividual5,500CA$2.90
08 Apr 22BuyCA$885Daniel RussellIndividual300CA$2.95
07 Apr 22BuyCA$3,213Daniel RussellIndividual1,100CA$2.92
06 Apr 22BuyCA$59,000Daniel RussellIndividual20,000CA$2.95
05 Apr 22BuyCA$34,485Daniel RussellIndividual11,700CA$2.95
04 Apr 22BuyCA$580Daniel RussellIndividual200CA$2.90
28 Mar 22BuyCA$8,850Daniel RussellIndividual3,000CA$2.95
24 Mar 22BuyCA$7,828Daniel RussellIndividual2,700CA$2.90
01 Feb 22SellCA$1,360Gregory SunellIndividual468.9CA$2.90
26 Jan 22BuyCA$11,951Daniel RussellIndividual4,000CA$3.00
19 Oct 21BuyCA$11,800Daniel RussellIndividual4,000CA$2.95

Ownership Breakdown

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


Top Shareholders

Top 10 shareholders own 62.22% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.52%
Russell Industries Corp.
1,465,198CA$4.5m0%no data
14.4%
Daniel Russell
577,831CA$1.8m14.94%no data
4.82%
Russell Family Holdings Inc.
193,550CA$590.3k0%no data
4.43%
Adarsh Mehta
177,800CA$542.3k0%no data
0.82%
Joan Russell
33,000CA$100.7k0%no data
0.4%
Richard McGiven
16,000CA$48.8k0%no data
0.31%
Tanya DeAngelis
12,280CA$37.5k0%no data
0.28%
Dany Sgro
11,300CA$34.5k0%no data
0.12%
Victor Leung
5,000CA$15.3k0%no data
0.1%
Paul O'Sullivan
4,000CA$12.2k0%no data

Company Information

Synex Renewable Energy Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Synex Renewable Energy Corporation
  • Ticker: SXI
  • Exchange: TSX
  • Founded: 1973
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Implied Market Cap: CA$12.235m
  • Shares outstanding: 4.01m
  • Website: https://www.synex.com

Number of Employees


Location

  • Synex Renewable Energy Corporation
  • 4248 Broughton Avenue
  • Niagara Falls
  • Ontario
  • L2E 3K6
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SXITSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 1987
SYIT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 1987
V5XDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1987

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.