Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
In this section, we usually try to help investors determine whether Enablence Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Enablence Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Enablence Technologies. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Enablence Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
Enablence Technologies has negative assets, we can't compare the value of its assets to the DE Communications industry average.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Enablence Technologies's regulatory filings and announcements.
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 Enablence 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Enablence Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Enablence Technologies's earnings growth to the Germany market average as no estimate data is available.
Unable to compare Enablence Technologies's revenue growth to the Germany market average as no estimate data is available.
Unable to determine if Enablence Technologies is high growth as no earnings estimate data is available.
Unable to determine if Enablence Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Enablence Technologies's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Enablence Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
Enablence Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Enablence Technologies has no long term commitments.
This treemap shows a more detailed breakdown of
Enablence Technologies's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Enablence Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Steve Wang has been the Chief Executive Officer of Enablence Technologies Inc. since February 06, 2019. He served as Chief Technology Officer of Alien Technology Corporation since October 16, 2015. Mr. Wang lead Alien’s engineering, operations and product management teams worldwide. Before joining Alien, he served as Chief Technology Officer and vice president of Global Research & Development at Checkpoint Systems. where he led the development of RFID solutions for various cloud, retail and bank security applications. He served at Hewlett Packard, Lasertron (Corning), New Wave Research, OpTun Inc. and Finisar. He holds more than 60 patents. Mr. Wang earned a Ph.D. in Electrical Engineering from Technical University in Denmark as well as a Ph.D. in Semiconductor Physics and Devices and a Bachelor’s of Science in Physics from Jilin University in China.
Insufficient data for Steve to compare compensation growth.
Insufficient data for Steve to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure
Average tenure of the
management team in years:
The average tenure for the Enablence Technologies management team is less than 2 years, this suggests a new team.
Director of Research & Design
Chief Executive Officer
Interim CFO & Corporate Treasurer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Enablence Technologies board of directors is less than 3 years, this suggests a new board.
Enablence Technologies Inc. designs, manufactures, and sells optical components and subsystems for access, metro, and long-haul markets worldwide. The company offers a line of transmit optical sub-assembly (TOSA) and receive optical sub-assembly (ROSA) products; a range of arrayed waveguide gratings; multicast switches and iROAD solutions for multi-channel reconfigurable optical add/drop multiplexer; and PLC-based VOA/Multiplexer modules. It also provides optical component design, custom wafer fabrication, hybrid integration, and packaging and testing services for telecommunications, aerospace, defense, and bio/chemical-sensor markets. In addition, the company offers optical splitters, such as splitter chips, splitter modules, and polarization maintaining splitter modules; and optical channel monitors for optical power detection of individual channels on a multiplex of DWDM wavelengths. Enablence Technologies Inc. is headquartered in Ottawa, Canada.
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