BST:76Q

Stock Analysis Report

Blackline Safety

Executive Summary

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets products and services for worker safety monitoring in Canada, the United States, Europe, Australia, New Zealand, and internationally.


Snowflake Analysis

Flawless balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 76Q has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.5%

76Q

2.6%

DE Communications

2.0%

DE Market


1 Year Return

45.0%

76Q

11.2%

DE Communications

15.1%

DE Market

Return vs Industry: 76Q exceeded the German Communications industry which returned 11.5% over the past year.

Return vs Market: 76Q exceeded the German Market which returned 15% over the past year.


Shareholder returns

76QIndustryMarket
7 Day2.5%2.6%2.0%
30 Day10.4%2.5%1.0%
90 Day26.3%-4.2%3.8%
1 Year45.0%45.0%11.8%11.2%18.6%15.1%
3 Yearn/a1.8%1.5%16.8%6.6%
5 Yearn/a107.2%106.8%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 76Q's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 76Q's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 76Q is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: 76Q 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 76Q's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 76Q is overvalued based on its PB Ratio (8.6x) compared to the DE Communications industry average (3.1x).


Next Steps

Future Growth

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

48.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 76Q's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if 76Q's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 76Q's revenue (48% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 76Q's revenue (48% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 76Q's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Blackline Safety performed over the past 5 years?

-18.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 76Q is currently unprofitable.

Growing Profit Margin: 76Q is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 76Q is unprofitable, and losses have increased over the past 5 years at a rate of -18.7% per year.

Accelerating Growth: Unable to compare 76Q's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 76Q is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (49.1%).


Return on Equity

High ROE: 76Q has a negative Return on Equity (-25.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Blackline Safety's financial position?


Financial Position Analysis

Short Term Liabilities: 76Q's short term assets (CA$47.6M) exceed its short term liabilities (CA$15.4M).

Long Term Liabilities: 76Q's short term assets (CA$47.6M) exceed its long term liabilities (CA$4.0M).


Debt to Equity History and Analysis

Debt Level: 76Q's debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: 76Q's debt to equity ratio has reduced from 35.1% to 0.7% over the past 5 years.


Balance Sheet

Inventory Level: 76Q has a high level of physical assets or inventory.

Debt Coverage by Assets: 76Q's debt is covered by short term assets (assets are 164.8x 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.

Stable Cash Runway: 76Q has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 76Q has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of -27.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 76Q's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 76Q's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 76Q's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 76Q'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 76Q'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?

5.8yrs

Average management tenure


CEO

Cody Slater (55yo)

9.1yrs

Tenure

CA$214,824

Compensation

Mr. Cody Z. Slater has been the Chief Executive Officer of Blackline Safety Corp. since January 10, 2011 and serves as its Chairman of the Board. Mr. Slater has served as the President and Chief Executive  ...


CEO Compensation Analysis

Compensation vs Market: Cody's total compensation ($USD162.39K) is below average for companies of similar size in the German market ($USD634.28K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Cody Slater
Chairman of the Board & CEO9.1yrsCA$214.82k2.89% CA$6.9m
Shane Grennan
Chief Financial Officer4yrsCA$252.85k0.14% CA$324.4k
Kevin Meyers
Chief Operating Officer11yrsCA$267.84k0.19% CA$439.5k
Sean Stinson
Vice President of Sales & Product Management4.5yrsCA$251.56k0.21% CA$500.8k
Barry Moore
Vice President of Product Development0yrsCA$250.52k0.60% CA$1.4m
Brendon Cook
Co-Founder & CTO0yrsno data1.18% CA$2.8m
Gavin Boorman
Managing Director of Blackline GPS Europe5.8yrsno datano data

5.8yrs

Average Tenure

Experienced Management: 76Q's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cody Slater
Chairman of the Board & CEO9.1yrsCA$214.82k2.89% CA$6.9m
John Finbow
Independent Director9.1yrsCA$117.07k2.02% CA$4.8m
Michael Hayduk
Independent Director11yrsCA$111.07k0.14% CA$322.4k
Robert Herdman
Independent Director8.8yrsCA$111.07k0.089% CA$212.3k
Brad Gilewich
Independent Director3.7yrsCA$111.07k0.30% CA$708.1k

9.0yrs

Average Tenure

66yo

Average Age

Experienced Board: 76Q's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 76Q insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.7%.


Top Shareholders

Company Information

Blackline Safety Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Blackline Safety Corp.
  • Ticker: 76Q
  • Exchange: BST
  • Founded: 2004
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: CA$340.451m
  • Listing Market Cap: CA$237.531m
  • Shares outstanding: 47.88m
  • Website: https://www.blacklinesafety.com

Location

  • Blackline Safety Corp.
  • 803 24 Avenue SE
  • Unit 100
  • Calgary
  • Alberta
  • T2G 1P5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLNTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2009
BLKL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2009
76QBST (Boerse-Stuttgart)YesCommon SharesDEEURFeb 2009

Biography

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets products and services for worker safety monitoring in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x safety wearable for remote locations that are not covered by 3G wireless; standard cartridge for lone worker monitoring, single-gas and multi-gas diffusion cartridge for gas detection, and multi-gas pump cartridge for confined space entry and leak check gas detection services; G7 Bridge, a portable satellite base station for remote locations; and G7 Dock, an accessory product used to calibrate G7c and G7x devices. It also provides Loner Mobile, a safety monitoring application; Loner Duo, a Bluetooth accessory; Loner M6, a lone worker monitoring device; Blackline Location Beacon, an indoor/outdoor location technology; Blackline monitoring, a 24/7/365 live monitoring service; Blackline Live, a cloud-hosted live safety monitoring portal for safety alert management; Blackline Analytics, a second-generation data analytics package; and Blackline Vision, a new data science consulting and software. In addition, the company offers portable tracking solutions for package tracking, loss prevention, surveillance, asset security, and vehicle tracking applications. It serves utilities and public works, oil and gas, natural resources, government, engineering and construction, healthcare, manufacturing, biotech and pharma, and transportation and logistics industries through a network of distributors. The company was formerly known as Blackline GPS Corp. and changed its name to Blackline Safety Corp. in July 2015. Blackline Safety Corp. was founded in 2004 and is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 22:47
End of Day Share Price2020/02/17 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.