OTCPK:AMTY

Stock Analysis Report

Executive Summary

Amerityre Corporation engages in the research and development, manufacture, and sale of polyurethane tires in the United States.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

33.9%

AMTY

14.0%

US Auto Components

10.5%

US Market


1 Year Return

-17.0%

AMTY

-36.5%

US Auto Components

-11.5%

US Market

Return vs Industry: AMTY exceeded the US Auto Components industry which returned -36.5% over the past year.

Return vs Market: AMTY underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

AMTYIndustryMarket
7 Day33.9%14.0%10.5%
30 Day-17.0%-28.9%-15.4%
90 Day-5.7%-41.3%-21.4%
1 Year-17.0%-17.0%-35.5%-36.5%-9.6%-11.5%
3 Year-46.5%-46.5%-42.7%-48.4%12.6%5.4%
5 Year-62.3%-62.3%-35.7%-44.8%32.8%18.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AMTY ($0.02) is trading above our estimate of fair value ($0)

Significantly Below Fair Value: AMTY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AMTY is good value based on its PE Ratio (8x) compared to the Auto Components industry average (11.4x).

PE vs Market: AMTY is good value based on its PE Ratio (8x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AMTY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AMTY is good value based on its PB Ratio (0.6x) compared to the US Auto Components industry average (0.7x).


Next Steps

Future Growth

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

17.9%

Forecasted Automobiles 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 Amerityre 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 whether Amerityre is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Amerityre's filings and announcements here.
  • Explore growth companies in the Automobiles industry.

Past Performance

How has Amerityre performed over the past 5 years?

58.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMTY has high quality earnings.

Growing Profit Margin: AMTY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AMTY has become profitable over the past 5 years, growing earnings by 58.9% per year.

Accelerating Growth: AMTY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AMTY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-4.2%).


Return on Equity

High ROE: AMTY's Return on Equity (15.5%) is considered low.


Next Steps

Financial Health

How is Amerityre's financial position?


Financial Position Analysis

Short Term Liabilities: AMTY's short term assets ($1.3M) exceed its short term liabilities ($745.3K).

Long Term Liabilities: AMTY's short term assets ($1.3M) exceed its long term liabilities ($583.0K).


Debt to Equity History and Analysis

Debt Level: AMTY's debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: AMTY's debt to equity ratio has increased from 4% to 5% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: AMTY's debt is covered by short term assets (assets are 20.1x 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: AMTY is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: AMTY is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AMTY'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 AMTY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Michael Sullivan (54yo)

4.92s

Tenure

US$212,274

Compensation

Mr. Michael Francis Sullivan has been Chief Executive Officer of Amerityre Corporation since April 1, 2015 and has been its Chairman of the Board since December 3, 2015. Mr. Sullivan has been a Principal a ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD212.27K) is below average for companies of similar size in the US market ($USD601.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Sullivan
Chairman of the Board & CEO4.92yrsUS$212.27k16.52% $134.2k
Lynda Keeton-Cardno
CFO, Principal Accounting Officer5.17yrsUS$44.70k1.12% $9.1k
Joseph Grano
Vice Chairman of Advisory Group15.5yrsno datano data

5.2yrs

Average Tenure

54yo

Average Age

Experienced Management: AMTY's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Sullivan
Chairman of the Board & CEO4.92yrsUS$212.27k16.52% $134.2k
Joseph Grano
Vice Chairman of Advisory Group15.5yrsno datano data
David Clark
Independent Director4.25yrsUS$1.38k0.62% $5.0k
Lee Iacocca
Chairman of Advisory Group15.5yrsno datano data
Terry Gilland
Independent Director5.17yrsUS$2.17k0.90% $7.3k
George Stoddard
Independent Director4.25yrsUS$1.38k0.57% $4.6k
David Hollister
Independent Director4.25yrsUS$1.38k0.57% $4.6k

4.3yrs

Average Tenure

71yo

Average Age

Experienced Board: AMTY's board of directors are considered experienced (4.3 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 6.1%.


Top Shareholders

Company Information

Amerityre Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amerityre Corporation
  • Ticker: AMTY
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Market Cap: US$812.119k
  • Shares outstanding: 48.92m
  • Website: https://www.amerityre.com

Number of Employees


Location

  • Amerityre Corporation
  • 1501 Industrial Road
  • Boulder City
  • Nevada
  • 89005
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMTYOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1996

Biography

Amerityre Corporation engages in the research and development, manufacture, and sale of polyurethane tires in the United States. The company provides closed-cell polyurethane foam tires for bicycles, carts, hand trucks, lawn and garden equipment, wheelbarrows, personnel carriers, and medical mobility products, as well as custom designed applications; polyurethane elastomer industrial tires for forklifts and scissor lifts; agricultural tires, including seeder tires and hay baler tires, as well as flat-free pivot tires that are used in irrigation systems; and specialty tires and tire-wheel assemblies. It serves original equipment manufacturers of lawn and garden products, and outdoor power equipment; regional tire distributors; retail cooperatives; agricultural tire distributors; and retailers of lawn and garden products, bicycle tires, and hand truck tires. The company was formerly known as American Tire Corporation and changed its name to Amerityre Corporation in December 1999. Amerityre Corporation was incorporated in 1995 and is headquartered in Boulder City, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 00:40
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.