Executive Summary
Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally.
Risk Analysis
Earnings have declined by -48.74% 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 Lite Access Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LA7's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.3%
LA7
-12.8%
DE Communications
-9.1%
DE Market
1 Year Return
16.0%
LA7
-18.5%
DE Communications
2.9%
DE Market
Return vs Industry: LA7 exceeded the German Communications industry which returned -18.5% over the past year.
Return vs Market: LA7 exceeded the German Market which returned 2.9% over the past year.
Shareholder returns
| LA7 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.3% | -12.8% | -9.1% |
| 30 Day | -13.0% | -17.9% | -7.2% |
| 90 Day | 103.0% | -24.1% | -6.5% |
| 1 Year | 16.0%16.0% | -18.1%-18.5% | 6.1%2.9% |
| 3 Year | -85.4%-85.4% | -23.8%-24.0% | 3.5%-5.6% |
| 5 Year | n/a | 55.7%55.4% | 8.0%-6.8% |
Price Volatility Vs. Market
How volatile is Lite Access Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Lite Access Technologies undervalued compared to its fair value and its price relative to the market?
2.71x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LA7's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LA7's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LA7 is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: LA7 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 LA7's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LA7 is good value based on its PB Ratio (2.7x) compared to the DE Communications industry average (2.8x).
Next Steps
Future Growth
How is Lite Access Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
32.2%
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 Lite Access 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
- Examine Lite Access Technologies'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.
- Lite Access Technologies 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 Lite Access Technologies performed over the past 5 years?
-48.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LA7 is currently unprofitable.
Growing Profit Margin: LA7 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LA7 is unprofitable, and losses have increased over the past 5 years at a rate of -48.7% per year.
Accelerating Growth: Unable to compare LA7's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LA7 is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (31.6%).
Return on Equity
High ROE: LA7 has a negative Return on Equity (-76.19%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Lite Access Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: LA7's short term assets (CA$3.8M) exceed its short term liabilities (CA$1.7M).
Long Term Liabilities: LA7's short term assets (CA$3.8M) exceed its long term liabilities (CA$157.2K).
Debt to Equity History and Analysis
Debt Level: LA7's debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: LA7 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Inventory Level: LA7 has a high level of physical assets or inventory.
Debt Coverage by Assets: LA7's debt is covered by short term assets (assets are 25.5x 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: LA7 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LA7 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -48.6% each year
Next Steps
Dividend
What is Lite Access Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate LA7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LA7'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 LA7's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LA7'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 LA7'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?
0.7yrs
Average management tenure
CEO
Carlo Shimoon 0
1.9yrs
Tenure
CA$359,407
Compensation
Mr. Carlo M. Shimoon serves as the President and Chief Executive Officer at Lite Access Technologies Inc. since March 1, 2018 and Director of Lite Access Technologies Inc. since March 13, 2018. Mr. Shimoon ...
CEO Compensation Analysis
Compensation vs Market: Carlo's total compensation ($USD268.98K) is below average for companies of similar size in the German market ($USD419.45K).
Compensation vs Earnings: Insufficient data to compare Carlo's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.9yrs | CA$359.41k | 0.46% CA$68.2k | |
| Co-Founder & Advisor | 0yrs | CA$321.05k | no data | |
| Co-Founder & Advisor | 0yrs | CA$459.19k | no data | |
| Chief Financial Officer | 0.6yrs | no data | no data | |
| Vice President of Sales | 0.4yrs | no data | no data | |
| Managing Director of UK | 0.8yrs | no data | no data |
0.7yrs
Average Tenure
Experienced Management: LA7's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.9yrs | CA$359.41k | 0.46% CA$68.2k | |
| Member of Advisory Board | 3.6yrs | no data | no data | |
| Corporate Secretary & Director | 4.8yrs | CA$25.46k | 0.021% CA$3.1k | |
| Independent Director | 2.7yrs | CA$25.46k | no data | |
| Independent Director | 2.7yrs | CA$120.02k | no data | |
| Chairman of the Board & Director | 0yrs | CA$25.46k | 0.024% CA$3.5k | |
| Independent Director | 0.6yrs | no data | no data |
2.7yrs
Average Tenure
52yo
Average Age
Experienced Board: LA7'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: LA7 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lite Access Technologies Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lite Access Technologies Inc.
- Ticker: LA7
- Exchange: DB
- Founded: 2003
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: CA$21.928m
- Listing Market Cap: CA$14.952m
- Shares outstanding: 47.67m
- Website: https://www.liteaccess.com
Location
- Lite Access Technologies Inc.
- 20678 Duncan Way
- Suite 5
- Langley
- British Columbia
- V3A 7A3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LTCC.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jun 2015 |
| LA7 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 2015 |
| LTE | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jun 2015 |
Biography
Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally. It operates in two segments, Product and Fibre Optic Installation. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services that are used in various communication networks, including Olympic, military, and government facilities. It also provides fiber-optic cables, aerial and low fire hazard micro-ducts, connectors, and sundries, as well as proprietary items, such as a cutting head, shark blades, and the LiteXtend solution. The company serves municipal and regional governments, telecom carriers and Internet service providers, first nations communities, and fibre to the home/premises, as well as intelligent traffic control, healthcare, point to point, and education networks. Lite Access Technologies Inc. was incorporated in 2003 and is headquartered in Langley, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 22:57 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.