DB:4O21

Stock Analysis Report

Executive Summary

CO2 Gro Inc. focuses on commercializing CO2 gas infusion technology and US PTO CO2 foliar spray.

Snowflake

Fundamentals

Excellent balance sheet with weak fundamentals.

Risks

  • CO2 Gro has significant price volatility in the past 3 months.
  • CO2 Gro is not covered by any analysts.

Similar Companies

Share Price & News

How has CO2 Gro's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.4%

DB:4O21

-0.2%

DE Machinery

0.2%

DE Market


1 Year Return

64.5%

DB:4O21

-35.2%

DE Machinery

-10.0%

DE Market

4O21 outperformed the Machinery industry which returned -35.2% over the past year.

4O21 outperformed the Market in Germany which returned -10% over the past year.


Share holder returns

4O21IndustryMarket
7 Day5.4%-0.2%0.2%
30 Day0.3%-6.5%-3.3%
90 Day-18.4%-16.5%-3.9%
1 Year64.5%64.5%-33.0%-35.2%-7.1%-10.0%
3 Yearn/a-23.0%-28.5%11.3%1.7%
5 Yearn/a2.8%-8.9%25.8%8.4%

Price Volatility Vs. Market

How volatile is CO2 Gro's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CO2 Gro undervalued based on future cash flows and its price relative to the stock market?

27.64x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for CO2 Gro to establish if it is available at moderate discount.

Unable to calculate intrinsic value for CO2 Gro to establish if it is available at substantial discount.


Price Based on Earnings

CO2 Gro is loss making, we can't compare its value to the DE Machinery industry average.

CO2 Gro is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for CO2 Gro, we can't assess if its growth is good value.


Price Based on Value of Assets

CO2 Gro is overvalued based on assets compared to the DE Machinery industry average.


Next Steps

Future Growth

How is CO2 Gro expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

Forecasted Capital Goods 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 CO2 Gro 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 CO2 Gro performed over the past 5 years?

-11.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CO2 Gro does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare CO2 Gro's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare CO2 Gro's 1-year growth to the DE Machinery industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if CO2 Gro has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if CO2 Gro has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if CO2 Gro improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is CO2 Gro's financial position?


Financial Position Analysis

CO2 Gro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CO2 Gro has no long term commitments.


Debt to Equity History and Analysis

CO2 Gro's level of debt (32.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (2.6% vs 32.8% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 6.1x 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.

CO2 Gro has sufficient cash runway for 1.4 years based on current free cash flow.

CO2 Gro has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of -13.3% each year.


Next Steps

Dividend

What is CO2 Gro's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate CO2 Gro's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate CO2 Gro's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as CO2 Gro has not reported any payouts.

Unable to verify if CO2 Gro's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as CO2 Gro has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of CO2 Gro's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

John Archibald (69yo)

1.8yrs

Tenure

CA$898,717

Compensation

Mr. John H. Archibald, P.Eng., has been Chief Executive Officer and President of CO2 Gro Inc. since November 27, 2017 and has been its Director since March 26, 2018. Mr. Archibald served as the Technology  ...


CEO Compensation Analysis

John's remuneration is higher than average for companies of similar size in Germany.

Insufficient data for John to compare compensation growth.


Management Age and Tenure

1.6yrs

Average Tenure

66yo

Average Age

The average tenure for the CO2 Gro management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

66yo

Average Age

The average tenure for the CO2 Gro board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by CO2 Gro individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellCA$1,93730 Jul 19
Keshill Consulting Associates Inc.
EntityCompany
Shares8,000
Max PriceCA$0.24
BuyCA$6,98330 Jul 19
Rose Gage
EntityIndividual
Role
Member of the Board of Directors
Director
Shares32,000
Max PriceCA$0.22
SellCA$6,95126 Mar 19
Keshill Consulting Associates Inc.
EntityCompany
Shares28,170
Max PriceCA$0.25
BuyCA$14,11007 Mar 19
Michael Boyd
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares56,000
Max PriceCA$0.25
BuyCA$26,75221 Feb 19
Samuel Kanes
EntityIndividual
Role
Member of the Board of Directors
VP of Communications & IR and Director
Shares200,000
Max PriceCA$0.13
SellCA$1,91518 Jan 19
Keshill Consulting Associates Inc.
EntityCompany
Shares12,850
Max PriceCA$0.15
SellCA$24,14918 Jan 19
Stephen Gledhill
EntityIndividual
Role
Chief Financial Officer
CFO & Corporate Secretary
Shares162,850
Max PriceCA$0.15
BuyCA$1,91518 Jan 19
Stephen Gledhill
EntityIndividual
Role
Chief Financial Officer
CFO & Corporate Secretary
Shares12,850
Max PriceCA$0.15
SellCA$5,83413 Dec 18
Keshill Consulting Associates Inc.
EntityCompany
Shares57,000
Max PriceCA$0.10
BuyCA$2,37712 Dec 18
Gordon Surgeoner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceCA$0.12
BuyCA$2,00026 Nov 18
Gordon Surgeoner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceCA$0.10

Ownership Breakdown


Management Team

  • Steven Gledhill (58yo)

    CFO & Corporate Secretary

    • Tenure: 1.6yrs
    • Compensation: CA$28.53k
  • Sam Kanes (66yo)

    VP of Communications & IR and Director

    • Tenure: 8.9yrs
    • Compensation: CA$908.99k
  • John Archibald (69yo)

    President

    • Tenure: 1.8yrs
    • Compensation: CA$898.72k
  • Matt Julius

    Chief Science Officer & Member of Advisory Board

    • Tenure: 1.3yrs
  • Aaron Archibald

    VP of Operations and VP of Sales & Strategic Alliances

    • Tenure: 0.0yrs
    • Compensation: CA$898.72k

Board Members

  • Murray McLaughlin

    Member of Advisory Board

    • Tenure: 1.3yrs
  • Michael Boyd (66yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: CA$15.75k
  • Marvin Heuer

    Science Advisor

    • Tenure: 0.0yrs
    • Compensation: CA$170.44k
  • Gordon Surgeoner

    Director

    • Tenure: 1.4yrs
    • Compensation: CA$9.90k
  • Sam Kanes (66yo)

    VP of Communications & IR and Director

    • Tenure: 8.9yrs
    • Compensation: CA$908.99k
  • John Archibald (69yo)

    President

    • Tenure: 1.8yrs
    • Compensation: CA$898.72k
  • Matt Julius

    Chief Science Officer & Member of Advisory Board

    • Tenure: 1.3yrs
  • Rose Gage

    Director

    • Tenure: 0.3yrs

Company Information

CO2 Gro Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CO2 Gro Inc.
  • Ticker: 4O21
  • Exchange: DB
  • Founded: 2010
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: CA$23.001m
  • Listing Market Cap: CA$15.565m
  • Shares outstanding: 67.65m
  • Website: https://www.co2gro.ca

Location

  • CO2 Gro Inc.
  • 40 King Street West
  • Suite 5800
  • Toronto
  • Ontario
  • M5H 3S1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GROWTSXV (TSX Venture Exchange)YesCommon SharesCACADMar 2012
BLON.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2012
4O21DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2012

Biography

CO2 Gro Inc. focuses on commercializing CO2 gas infusion technology and US PTO CO2 foliar spray. The company was formerly known as BlueOcean NutraSciences Inc. and changed its name to CO2 Gro Inc. in April ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 22:02
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
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.