Executive Summary
NexOptic Technology Corp., a technology company, develops and invests in optical and lens technologies.
Risk Analysis
Earnings have declined by -49.66% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has NexOptic Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: E3O1's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.5%
E3O1
9.4%
DE Electronic
1.7%
DE Market
1 Year Return
-32.3%
E3O1
13.9%
DE Electronic
15.0%
DE Market
Return vs Industry: E3O1 underperformed the German Electronic industry which returned 13.9% over the past year.
Return vs Market: E3O1 underperformed the German Market which returned 15% over the past year.
Shareholder returns
| E3O1 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.5% | 9.4% | 1.7% |
| 30 Day | 3.5% | 8.4% | 0.8% |
| 90 Day | 35.0% | 7.4% | 3.7% |
| 1 Year | -32.3%-32.3% | 16.4%13.9% | 18.5%15.0% |
| 3 Year | -76.6%-76.6% | 55.2%50.0% | 17.1%6.9% |
| 5 Year | 1231.0%1231.0% | 122.9%106.8% | 24.3%7.3% |
Price Volatility Vs. Market
How volatile is NexOptic Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is NexOptic Technology undervalued compared to its fair value and its price relative to the market?
1.27x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate E3O1's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate E3O1's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: E3O1 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: E3O1 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 E3O1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: E3O1 is good value based on its PB Ratio (1.3x) compared to the DE Electronic industry average (1.8x).
Next Steps
Future Growth
How is NexOptic Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.4%
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 NexOptic Technology 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
- Examine NexOptic Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- NexOptic Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has NexOptic Technology performed over the past 5 years?
-49.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: E3O1 is currently unprofitable.
Growing Profit Margin: E3O1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: E3O1 is unprofitable, and losses have increased over the past 5 years at a rate of -49.7% per year.
Accelerating Growth: Unable to compare E3O1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: E3O1 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).
Return on Equity
High ROE: E3O1 has a negative Return on Equity (-29.34%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is NexOptic Technology's financial position?
Financial Position Analysis
Short Term Liabilities: E3O1's short term assets (CA$1.5M) exceed its short term liabilities (CA$870.8K).
Long Term Liabilities: E3O1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: E3O1 is debt free.
Reducing Debt: E3O1 had no debt 5 years ago.
Balance Sheet
Inventory Level: E3O1 has a low level of unsold assets or inventory.
Debt Coverage by Assets: E3O1's debt is not covered by short term assets (assets are -273.9x 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: E3O1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: E3O1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -47.3% each year
Next Steps
Dividend
What is NexOptic Technology's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate E3O1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate E3O1'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 E3O1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if E3O1'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 E3O1'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 board tenure
CEO
Paul McKenzie (56yo)
0.8yrs
Tenure
CA$180,000
Compensation
Mr. Paul Tavis McKenzie has been the Chief Executive Officer of Nexoptic Technology Corp. since April 23, 2019 and serves as its President. Mr. McKenzie has been the Chief Business Officer of Nexoptic Tec ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD135.83K) is below average for companies of similar size in the German market ($USD412.37K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 0.8yrs | CA$180.00k | 1.16% CA$471.2k | |
| Independent Chairman of the Board | 0.8yrs | no data | no data | |
| Independent Director | 9.9yrs | CA$10.00k | 0.074% CA$29.9k | |
| Independent Director | 3.1yrs | CA$10.00k | 0.018% CA$7.5k | |
| Independent Director | 2.3yrs | CA$10.00k | 0.22% CA$88.3k | |
| Member of Advisory Board | 2.8yrs | no data | no data | |
| Member of Advisory Board | 2.8yrs | no data | no data |
2.8yrs
Average Tenure
61yo
Average Age
Experienced Board: E3O1's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NexOptic Technology Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NexOptic Technology Corp.
- Ticker: E3O1
- Exchange: DB
- Founded: 2007
- Industry: Electronic Components
- Sector: Tech
- Market Cap: CA$58.447m
- Listing Market Cap: CA$40.677m
- Shares outstanding: 135.92m
- Website: https://www.nexoptic.com
Location
- NexOptic Technology Corp.
- 666 Burrard Street
- Suite 500
- Vancouver
- British Columbia
- V6C 3P6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NXO | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Mar 2011 |
| NXOP.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 2011 |
| E3O1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 2011 |
Biography
NexOptic Technology Corp., a technology company, develops and invests in optical and lens technologies. It engages in developing a patent pending Blade Optics lens system that relates to an optical concept, including the use of flat lenses, as well as an artificial intelligence for image capture systems. The company was formerly known as Elissa Resources Ltd. and changed its name to NexOptic Technology Corp. in February 2016. NexOptic Technology Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 22:00 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.