DB:8CT

Stock Analysis Report

Cannabix Technologies

Executive Summary

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the workplace in North America.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Cannabix Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8CT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.7%

8CT

4.8%

DE Electronic

9.9%

DE Market


1 Year Return

-73.2%

8CT

-27.5%

DE Electronic

-17.5%

DE Market

Return vs Industry: 8CT underperformed the German Electronic industry which returned -26.3% over the past year.

Return vs Market: 8CT underperformed the German Market which returned -17.7% over the past year.


Shareholder returns

8CTIndustryMarket
7 Day6.7%4.8%9.9%
30 Day-30.6%-20.4%-16.6%
90 Day7.3%-23.6%-24.8%
1 Year-73.2%-73.2%-26.0%-27.5%-15.0%-17.5%
3 Year-54.2%-54.2%-3.4%-6.6%-17.4%-24.5%
5 Year-22.5%-22.5%55.2%43.9%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Cannabix Technologies undervalued compared to its fair value and its price relative to the market?

3.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8CT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8CT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8CT is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 8CT 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 8CT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8CT is overvalued based on its PB Ratio (3.2x) compared to the DE Electronic industry average (1.1x).


Next Steps

Future Growth

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

15.4%

Forecasted Tech 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 Cannabix Technologies 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 Cannabix Technologies performed over the past 5 years?

-21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8CT is currently unprofitable.

Growing Profit Margin: 8CT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8CT is unprofitable, and losses have increased over the past 5 years at a rate of -21.2% per year.

Accelerating Growth: Unable to compare 8CT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8CT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: 8CT has a negative Return on Equity (-25.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cannabix Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 8CT's short term assets (CA$8.9M) exceed its short term liabilities (CA$78.5K).

Long Term Liabilities: 8CT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 8CT is debt free.

Reducing Debt: 8CT has not had any debt for past 5 years.


Balance Sheet

Inventory Level: 8CT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 8CT's debt is covered by short term assets.


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: 8CT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 8CT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -18.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8CT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8CT'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 8CT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8CT'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 8CT'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?

7.3yrs

Average management tenure


CEO

Rav Mlait (43yo)

8.92s

Tenure

CA$110,000

Compensation

Mr. Ravinder S. Mlait, also known as Rav, BA, MBA, has been Chief Executive Officer, Chief Financial Officer, Secretary at Brockton Ventures Inc. since February 22, 2018 and has been its Director since Jan ...


CEO Compensation Analysis

Compensation vs Market: Rav's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD432.27K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ravinder Mlait
CEO & Director8.92yrsCA$110.00k2.51% CA$669.4k
Kulwant Malhi
President & Director5.75yrsCA$168.00k0.23% CA$61.3k
Bryan Loree
CFO, Corporate Secretary & Director8.92yrsCA$92.00k3.43% CA$914.1k
Marilyn Huestis
Consultant & Scientific Advisor2.17yrsno datano data

7.3yrs

Average Tenure

43yo

Average Age

Experienced Management: 8CT's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravinder Mlait
CEO & Director8.92yrsCA$110.00k2.51% CA$669.4k
Kulwant Malhi
President & Director5.75yrsCA$168.00k0.23% CA$61.3k
Bryan Loree
CFO, Corporate Secretary & Director8.92yrsCA$92.00k3.43% CA$914.1k
Thomas Clarke
Independent Director7yrsno data0.0029% CA$758.6
Rajpaul Attariwala
Independent Director5yrsCA$92.00k0.89% CA$238.2k

7.0yrs

Average Tenure

45yo

Average Age

Experienced Board: 8CT's board of directors are considered experienced (7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 8CT insiders have only sold shares 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 3.5%.


Top Shareholders

Company Information

Cannabix Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cannabix Technologies Inc.
  • Ticker: 8CT
  • Exchange: DB
  • Founded: 2011
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$41.524m
  • Listing Market Cap: CA$26.619m
  • Shares outstanding: 105.12m
  • Website: https://www.cannabixtechnologies.com

Location

  • Cannabix Technologies Inc.
  • 501 – 3292 Production Way
  • Burnaby
  • British Columbia
  • V5A 4R4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLOCNSX (Canadian National Stock Exchange)YesCommon SharesCACADDec 2013
BLOZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2013
8CTDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2013
0UO6LSE (London Stock Exchange)YesCommon SharesGBCADDec 2013

Biography

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the workplace in North America. It develops drug-testing devices that will detect tetrahydrocannabinol using breath samples at roadside and identify drivers under the influence of marijuana. The company was formerly known as West Point Resources Inc. and changed its name to Cannabix Technologies Inc. in August 2014. Cannabix Technologies Inc. was incorporated in 2011 and is based in Burnaby, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 23:40
End of Day Share Price2020/03/30 00:00
Earnings2020/01/31
Annual Earnings2019/04/30


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.