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OMTK

Omnitek Engineering OTCPK:OMTK Stock Report

Last Price

US$0.052

Market Cap

US$1.1m

7D

-13.0%

1Y

-55.8%

Updated

30 Jun, 2022

Data

Company Financials
OMTK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

OMTK Stock Overview

Omnitek Engineering Corp. develops and sells technology to convert diesel engines to an alternative fuel, natural gas engines, and complementary products in the United States and internationally.

Omnitek Engineering Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Omnitek Engineering
Historical stock prices
Current Share PriceUS$0.052
52 Week HighUS$0.12
52 Week LowUS$0.05
Beta0.54
1 Month Change-6.96%
3 Month Change-22.24%
1 Year Change-55.85%
3 Year Change4.20%
5 Year Change-62.79%
Change since IPO-91.66%

Recent News & Updates

Shareholder Returns

OMTKUS Auto ComponentsUS Market
7D-13.0%-3.2%-0.6%
1Y-55.8%-40.3%-21.7%

Return vs Industry: OMTK underperformed the US Auto Components industry which returned -38% over the past year.

Return vs Market: OMTK underperformed the US Market which returned -20.8% over the past year.

Price Volatility

Is OMTK's price volatile compared to industry and market?
OMTK volatility
OMTK Average Weekly Movement21.6%
Auto Components Industry Average Movement8.2%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: OMTK is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week.

Volatility Over Time: OMTK's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20016Werner Funkhttps://www.omnitekcorp.com

Omnitek Engineering Corp. develops and sells technology to convert diesel engines to an alternative fuel, natural gas engines, and complementary products in the United States and internationally. The company offers conversion kits for converting diesel engines to run on an alternative fuel, including compressed, liquefied, and renewable natural gas, as well as liquid petroleum gas; natural gas engines and components; and high-pressure natural gas coalescing filters. Its products are used for stationary applications; and the transportation market, such as light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications.

Omnitek Engineering Fundamentals Summary

How do Omnitek Engineering's earnings and revenue compare to its market cap?
OMTK fundamental statistics
Market CapUS$1.14m
Earnings (TTM)-US$54.70k
Revenue (TTM)US$1.14m

1.0x

P/S Ratio

-20.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OMTK income statement (TTM)
RevenueUS$1.14m
Cost of RevenueUS$662.95k
Gross ProfitUS$475.25k
Other ExpensesUS$529.96k
Earnings-US$54.70k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0025
Gross Margin41.75%
Net Profit Margin-4.81%
Debt/Equity Ratio-29.0%

How did OMTK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OMTK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OMTK?

Other financial metrics that can be useful for relative valuation.

OMTK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA-12x
PEG Ration/a

Price to Sales Ratio vs Peers

How does OMTK's PS Ratio compare to its peers?

OMTK PS Ratio vs Peers
The above table shows the PS ratio for OMTK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.2x
CDTI CDTi Advanced Materials
0.3xn/aUS$1.3m
UFAB Unique Fabricating
0.1x18.3%US$16.0m
CXDC China XD Plastics
0.00005xn/aUS$77.6k
SYPR Sypris Solutions
0.5xn/aUS$50.8m
OMTK Omnitek Engineering
1xn/aUS$1.1m

Price-To-Sales vs Peers: OMTK is expensive based on its Price-To-Sales Ratio (1x) compared to the peer average (0.2x).


Price to Earnings Ratio vs Industry

How does OMTK's PE Ratio compare vs other companies in the US Auto Components Industry?

Price-To-Sales vs Industry: OMTK is expensive based on its Price-To-Sales Ratio (1x) compared to the US Auto Components industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

What is OMTK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OMTK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate OMTK's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of OMTK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OMTK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OMTK's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


Discover undervalued companies

  • Take a look at our analysis of OMTK's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 Omnitek Engineering regulatory filings here.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.8%

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 Omnitek Engineering 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.


Discover growth companies

  • Take a look at our analysis of OMTK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 Omnitek Engineering's filings and announcements here.

Past Performance

How has Omnitek Engineering performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OMTK is currently unprofitable.

Growing Profit Margin: OMTK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OMTK is unprofitable, but has reduced losses over the past 5 years at a rate of 25.6% per year.

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

Earnings vs Industry: OMTK is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (24.5%).


Return on Equity

High ROE: OMTK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Omnitek Engineering's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OMTK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: OMTK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: OMTK has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: OMTK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: OMTK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: OMTK has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.4% each year.


Discover healthy companies

Dividend

What is Omnitek Engineering current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate OMTK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OMTK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OMTK's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OMTK has not reported any payouts.


Discover strong dividend paying companies

Management

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

9.8yrs

Average board tenure


CEO

Werner Funk (75 yo)

21.08yrs

Tenure

US$133,712

Compensation

Mr. Werner Funk has been Chief Executive Officer and President of Omnitek Engineering Corp. since May 2001 and is its Chief Financial Officer and served as its Chief Operating Officer. Mr. Funk has been th...


CEO Compensation Analysis

Compensation vs Market: Werner's total compensation ($USD133.71K) is below average for companies of similar size in the US market ($USD760.83K).

Compensation vs Earnings: Werner's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: OMTK's board of directors are considered experienced (9.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Omnitek Engineering Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Omnitek Engineering Corp.
  • Ticker: OMTK
  • Exchange: OTCPK
  • Founded: 2001
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: US$1.143m
  • Shares outstanding: 21.95m
  • Website: https://www.omnitekcorp.com

Number of Employees


Location

  • Omnitek Engineering Corp.
  • 1345 Specialty Dr., # East
  • Vista
  • California
  • 92081
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.