DB:C5B

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Codebase Ventures

Executive Summary

Codebase Ventures Inc., together with its subsidiaries, engages in identifying investments in the technology, biotechnology, cannabis, and CBD wellness sectors.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: C5B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.0%

C5B

4.5%

DE Software

4.3%

DE Market


1 Year Return

-65.6%

C5B

3.0%

DE Software

0.3%

DE Market

Return vs Industry: C5B underperformed the German Software industry which returned 3% over the past year.

Return vs Market: C5B underperformed the German Market which returned 0.3% over the past year.


Shareholder returns

C5BIndustryMarket
7 Day-14.0%4.5%4.3%
30 Day-35.8%4.4%7.4%
90 Day-38.6%3.4%-0.2%
1 Year-65.6%-65.6%4.4%3.0%2.0%0.3%
3 Yearn/a27.2%22.1%-5.0%-12.3%
5 Yearn/a89.5%76.3%4.2%-9.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate C5B's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate C5B's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: C5B is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: C5B is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C5B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C5B is good value based on its PB Ratio (2.2x) compared to the DE Software industry average (3.1x).


Next Steps

Future Growth

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

16.5%

Forecasted Software 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 Codebase Ventures 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 Codebase Ventures performed over the past 5 years?

-50.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C5B is currently unprofitable.

Growing Profit Margin: C5B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: C5B is unprofitable, and losses have increased over the past 5 years at a rate of -50.3% per year.

Accelerating Growth: Unable to compare C5B's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C5B is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (30.4%).


Return on Equity

High ROE: C5B has a negative Return on Equity (-176.31%), as it is currently unprofitable.


Next Steps

Financial Health

How is Codebase Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: C5B's short term assets (CA$508.2K) exceed its short term liabilities (CA$180.9K).

Long Term Liabilities: C5B has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: C5B is debt free.

Reducing Debt: C5B has no debt compared to 5 years ago when its debt to equity ratio was 0.4%.


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: C5B has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if C5B has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C5B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate C5B'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 C5B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C5B'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 C5B's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

George Tsafalas (50yo)

2.83yrs

Tenure

CA$155,625

Compensation

Mr. George Tsafalas serves as Chief Executive Officer of Codebase Ventures Inc. He has been President of 360 Capital Financial Services Group Inc. since September 9, 2017 and its Chief Executive Officer si ...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD112.97K) is below average for companies of similar size in the German market ($USD417.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
George Tsafalas
President2.83yrsCA$155.63k0.72% CA$27.9k
Tatiana Kovaleva
Chief Financial Officer3yrsCA$56.03kno data
Brian Keane
Head of Investor Relations & Director2.67yrsCA$28.30k0.089% CA$3.4k
Jeffrey Koyen
Chief Strategy Officerno dataCA$272.74kno data
Ching Chou
Consultant2.67yrsno datano data
Ullrich George Schade
Executive of Branding & Marketing2.67yrsno datano data

2.8yrs

Average Tenure

Experienced Management: C5B's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Tsafalas
President2.83yrsCA$155.63k0.72% CA$27.9k
Brian Keane
Head of Investor Relations & Director2.67yrsCA$28.30k0.089% CA$3.4k
Morie Shacker
Independent Director2.08yrsCA$3.00kno data

2.7yrs

Average Tenure

Experienced Board: C5B's board of directors are not considered experienced ( 2.7 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 substantially diluted in the past year, with total shares outstanding growing by 51.7%.


Top Shareholders

Company Information

Codebase Ventures Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Codebase Ventures Inc.
  • Ticker: C5B
  • Exchange: DB
  • Founded: 2009
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$5.928m
  • Listing Market Cap: CA$3.892m
  • Shares outstanding: 395.23m
  • Website: https://www.codebase.ventures

Location

  • Codebase Ventures Inc.
  • 355 Burrard Street
  • Suite 1780
  • Vancouver
  • British Columbia
  • V6C 2G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CODECNSX (Canadian National Stock Exchange)YesCommon SharesCACADOct 2015
C5BDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2015

Biography

Codebase Ventures Inc., together with its subsidiaries, engages in identifying investments in the technology, biotechnology, cannabis, and CBD wellness sectors. The company was formerly known as 360 Blockchain Inc. and changed its name to Codebase Ventures Inc. in February 2019. Codebase Ventures Inc. was incorporated in 2009 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 06:04
End of Day Share Price2020/05/28 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.