Loading...

Carmanah Technologies

DB:QCX1
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QCX1
DB
CA$133M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure. The last earnings update was 71 days ago. More info.


Add to Portfolio Compare Print
QCX1 Share Price and Events
7 Day Returns
-0.4%
DB:QCX1
-0.7%
DE Electrical
-1.1%
DE Market
1 Year Returns
63.8%
DB:QCX1
1.7%
DE Electrical
-8.5%
DE Market
QCX1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carmanah Technologies (QCX1) -0.4% 4.1% 11.9% 63.8% 76.7% 219.1%
DE Electrical -0.7% 5.7% 4.9% 1.7% -36.4% -25.8%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • QCX1 outperformed the Electrical industry which returned 1.7% over the past year.
  • QCX1 outperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
QCX1
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Carmanah Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Carmanah Technologies.

DB:QCX1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:QCX1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.185 (1 + (1- 26.5%) (0.63%))
1.127
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.127 * 5.96%)
6.95%

Discounted Cash Flow Calculation for DB:QCX1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Carmanah Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:QCX1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.95%)
2020 7.12 Est @ -10.38% 6.66
2021 6.61 Est @ -7.2% 5.78
2022 6.28 Est @ -4.97% 5.14
2023 6.07 Est @ -3.41% 4.64
2024 5.93 Est @ -2.32% 4.24
2025 5.83 Est @ -1.56% 3.90
2026 5.77 Est @ -1.02% 3.61
2027 5.74 Est @ -0.65% 3.35
2028 5.72 Est @ -0.38% 3.12
2029 5.70 Est @ -0.2% 2.91
Present value of next 10 years cash flows $43.35
DB:QCX1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $5.70 × (1 + 0.23%) ÷ (6.95% – 0.23%)
$85.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $85.09 ÷ (1 + 6.95%)10
$43.47
DB:QCX1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $43.35 + $43.47
$86.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $86.82 / 18.28
$4.75
DB:QCX1 Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CMH)
1.308
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $4.75 x 1.308
CA$6.21
Non-primary Listing Adjustment Factor 1 share in DB:QCX1 represents 0.67146x of TSX:CMH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67146x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 6.21 x 0.67146
€4.17
Value per share (EUR) From above. €4.17
Current discount Discount to share price of €4.88
= -1 x (€4.88 - €4.17) / €4.17
-17%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Carmanah Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Carmanah Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carmanah Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QCX1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.06
TSX:CMH Share Price ** TSX (2019-07-19) in CAD CA$7.27
TSX:CMH Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.765 $5.56
Germany Electrical Industry PE Ratio Median Figure of 10 Publicly-Listed Electrical Companies 35.45x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Carmanah Technologies.

DB:QCX1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CMH Share Price ÷ EPS (both in USD)

= 5.56 ÷ -0.06

-87.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carmanah Technologies is loss making, we can't compare its value to the DE Electrical industry average.
  • Carmanah Technologies is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Carmanah Technologies's expected growth come at a high price?
Raw Data
DB:QCX1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -87.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
38.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 7 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Carmanah Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Carmanah Technologies's assets?
Raw Data
DB:QCX1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.39
TSX:CMH Share Price * TSX (2019-07-19) in CAD CA$7.27
TSX:CMH Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.765 $5.56
Germany Electrical Industry PB Ratio Median Figure of 16 Publicly-Listed Electrical Companies 2.26x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:QCX1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CMH Share Price ÷ Book Value per Share (both in USD)

= 5.56 ÷ 5.39

1.03x

* Primary Listing of Carmanah Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carmanah Technologies is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Carmanah Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Carmanah Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Carmanah Technologies expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Carmanah Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carmanah Technologies expected to grow at an attractive rate?
  • Carmanah Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Carmanah Technologies's earnings growth is expected to exceed the Germany market average.
  • Carmanah Technologies's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QCX1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QCX1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 38.7%
DB:QCX1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 76.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:QCX1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QCX1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 34 2
2019-12-31 33 1
DB:QCX1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 31 9 -1
2018-12-31 31 9 -1
2018-09-30 24 6 -4
2018-06-30 26 3 -3
2018-03-31 24 3 -2
2017-12-31 27 4 -2
2017-09-30 49 4 2
2017-06-30 45 9 2
2017-03-31 47 11 3
2016-12-31 48 10 3
2016-09-30 53 6 4
2016-06-30 54 -1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Carmanah Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Carmanah Technologies's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:QCX1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Carmanah Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QCX1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
DB:QCX1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.06
2018-12-31 -0.04
2018-09-30 -0.19
2018-06-30 -0.14
2018-03-31 -0.10
2017-12-31 -0.06
2017-09-30 0.06
2017-06-30 0.09
2017-03-31 0.11
2016-12-31 0.12
2016-09-30 0.17
2016-06-30 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Carmanah Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Carmanah Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Carmanah Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Carmanah Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Carmanah Technologies's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Carmanah Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Carmanah Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Carmanah Technologies's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Carmanah Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Carmanah Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QCX1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 30.71 -1.20 10.43 2.02
2018-12-31 30.72 -0.78 10.38 1.82
2018-09-30 24.00 -3.82 10.19 1.47
2018-06-30 25.65 -2.87 10.13 1.20
2018-03-31 24.05 -2.23 8.89 1.18
2017-12-31 27.31 -1.53 9.65 1.54
2017-09-30 48.55 1.52 14.27 2.43
2017-06-30 45.36 2.32 13.96 2.49
2017-03-31 47.01 2.75 14.12 2.39
2016-12-31 47.74 2.92 14.14 2.39
2016-09-30 52.85 4.13 15.00 2.49
2016-06-30 53.95 2.26 15.90 2.58
2016-03-31 43.64 10.45 14.01 -2.26
2015-12-31 43.09 9.69 13.11 -2.44
2015-09-30 40.72 8.69 12.39 -2.61
2015-06-30 40.47 9.63 10.89 -2.83
2015-03-31 45.93 0.95 11.66 1.68
2014-12-31 43.73 0.99 11.26 1.53
2014-09-30 38.04 -0.22 9.76 1.52
2014-06-30 30.73 -1.86 8.80 1.48
2014-03-31 28.06 -4.78 8.83 1.64
2013-12-31 25.90 -5.56 8.88 1.93
2013-09-30 26.51 -5.35 9.48 1.94
2013-06-30 28.31 -4.75 9.74 2.04
2013-03-31 28.05 -3.72 9.78 2.15
2012-12-31 26.44 -3.92 10.00 2.07
2012-09-30 25.21 -12.09 10.04 5.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Carmanah Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Carmanah Technologies has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Carmanah Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Carmanah Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Carmanah Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Carmanah Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Carmanah Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carmanah Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Carmanah Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Carmanah Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Carmanah Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Carmanah Technologies Company Filings, last reported 3 months ago.

DB:QCX1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 101.61 0.00 88.03
2018-12-31 59.96 0.00 10.78
2018-09-30 59.19 0.33 12.48
2018-06-30 59.95 0.33 10.16
2018-03-31 61.65 3.39 8.22
2017-12-31 60.17 7.38 11.82
2017-09-30 84.90 7.43 32.29
2017-06-30 73.36 6.40 23.04
2017-03-31 70.36 6.92 21.08
2016-12-31 68.79 7.41 21.92
2016-09-30 70.78 7.50 20.88
2016-06-30 69.45 8.67 18.93
2016-03-31 68.57 9.64 15.97
2015-12-31 64.63 10.09 14.88
2015-09-30 64.20 10.82 17.53
2015-06-30 59.69 10.00 38.94
2015-03-31 23.88 0.00 8.16
2014-12-31 23.81 0.00 8.71
2014-09-30 23.47 0.00 10.70
2014-06-30 13.34 0.00 8.50
2014-03-31 9.00 0.00 5.10
2013-12-31 8.93 0.00 5.20
2013-09-30 4.68 0.00 1.44
2013-06-30 6.17 0.00 2.11
2013-03-31 8.62 0.00 2.03
2012-12-31 8.70 0.00 2.53
2012-09-30 9.37 0.00 2.71
  • Carmanah Technologies has no debt.
  • Carmanah Technologies had no debt 5 years ago.
  • Carmanah Technologies has no debt, it does not need to be covered by operating cash flow.
  • Carmanah Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Carmanah Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Carmanah Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Carmanah Technologies dividends.
If you bought €2,000 of Carmanah Technologies shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Carmanah Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Carmanah Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:QCX1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:QCX1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Carmanah Technologies has not reported any payouts.
  • Unable to verify if Carmanah Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Carmanah Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Carmanah Technologies 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.
X
Income/ dividend checks
We assess Carmanah Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Carmanah Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carmanah Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Simmons
COMPENSATION $797,800
TENURE AS CEO 5.9 years
CEO Bio

Mr. John Simmons has been the Chief Executive Officer and President of Carmanah Technologies Corp. since August 1, 2013. Mr. Simmons has considerable public company leadership experience to his new role. In his early career, he founded 3 companies each of which grew from start-up to become TSX listed. Following the sale of the controlling interest in the last of these companies, he founded a venture capital investment company which, over a 10 year period, invested in start-up and early stage companies including Aspreva Pharmaceuticals, Protox Therapeutics (now Sophiris Bio Inc.) and Contigo Systems. Most recently, Mr. Simmons has focused on turnaround situations including Chief Executive Officer of TSX listed Bridges Transitions Inc. from 2000 until its sale in 2006 and served as Chief Executive Officer of Integrated Paving Concepts Inc. a former TSX listed company that was privatized and successfully divested by way of 3 transactions between 2007 and 2013. Mr. Simmons has been a Director at Carmanah Technologies Corp., since June 26, 2013.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Carmanah Technologies management team in years:

4.3
Average Tenure
  • The tenure for the Carmanah Technologies management team is about average.
Management Team

John Simmons

TITLE
CEO, President & Director
COMPENSATION
$798K
TENURE
5.9 yrs

Evan Brown

TITLE
CFO & Corporate Secretary
COMPENSATION
$363K
TENURE
4.3 yrs

Stu Williams

TITLE
Corporate Controller
COMPENSATION
$185K
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Carmanah Technologies board of directors in years:

4.7
Average Tenure
63
Average Age
  • The tenure for the Carmanah Technologies board of directors is about average.
Board of Directors

Jim Meekison

TITLE
Chairman
COMPENSATION
$53K
AGE
79
TENURE
1.9 yrs

John Simmons

TITLE
CEO, President & Director
COMPENSATION
$798K
TENURE
6.1 yrs

Terry Holland

TITLE
Director
COMPENSATION
$35K
AGE
63
TENURE
5.6 yrs

Sara Elford

TITLE
Director
COMPENSATION
$33K
AGE
49
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Carmanah Technologies individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Jul 19 Buy Evan Brown Individual 28. Jun 19 28. Jun 19 291 €4.86 €1,413
04. Jun 19 Buy Evan Brown Individual 29. May 19 29. May 19 297 €4.69 €1,394
01. May 19 Buy Evan Brown Individual 01. May 19 01. May 19 303 €4.60 €1,394
05. Apr 19 Buy Evan Brown Individual 04. Apr 19 04. Apr 19 315 €4.45 €1,402
07. Feb 19 Buy Evan Brown Individual 07. Feb 19 07. Feb 19 323 €4.31 €1,393
07. Jan 19 Buy Evan Brown Individual 07. Jan 19 07. Jan 19 356 €3.87 €1,379
14. Dec 18 Buy Evan Brown Individual 14. Dec 18 14. Dec 18 13,500 €3.84 €51,733
06. Dec 18 Buy Evan Brown Individual 04. Dec 18 04. Dec 18 587 €2.39 €1,403
06. Nov 18 Buy Evan Brown Individual 01. Nov 18 01. Nov 18 527 €2.67 €1,405
04. Oct 18 Buy Evan Brown Individual 02. Oct 18 02. Oct 18 485 €2.92 €1,418
09. Sep 18 Buy Evan Brown Individual 05. Sep 18 05. Sep 18 481 €2.84 €1,368
01. Aug 18 Buy Evan Brown Individual 01. Aug 18 01. Aug 18 433 €3.08 €1,336
X
Management checks
We assess Carmanah Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Carmanah Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure. The company operates through Offshore, Signals, and Illumination segments. The Offshore segment offers navigation solutions on offshore wind farms for temporary and permanent marking. The Signals segment provides solar LED flashing beacons for various roadways applications. The Illumination segment offers LED lighting systems for off-grid lighting applications that include street, parking lot, park, and pathway applications. The company operates in North America, Europe, South America, the Middle East, Africa, and the Asia Pacific. Carmanah Technologies Corporation was founded in 1996 and is headquartered in Victoria, Canada.

Details
Name: Carmanah Technologies Corporation
QCX1
Exchange: DB
Founded: 1996
CA$90,563,118
18,277,915
Website: http://www.carmanah.com
Address: Carmanah Technologies Corporation
250 Bay Street,
Victoria,
British Columbia, V9A 3K5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CMH Common Shares The Toronto Stock Exchange CA CAD 22. Jun 2001
OTCPK CMHX.F Common Shares Pink Sheets LLC US USD 22. Jun 2001
DB QCX1 Common Shares Deutsche Boerse AG DE EUR 22. Jun 2001
Number of employees
Current staff
Staff numbers
0
Carmanah Technologies employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 21:12
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.