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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Omnitek Engineering. 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
Omnitek Engineering's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 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 Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Omnitek Engineering's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Omnitek Engineering's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Omnitek Engineering's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Omnitek Engineering is high growth as no earnings estimate data is available.
Unable to determine if Omnitek Engineering 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.
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.
Omnitek Engineering'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
Omnitek Engineering's finances.
The net worth of a company is the difference between its assets and liabilities.
Omnitek Engineering's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Omnitek Engineering has no long term commitments.
This treemap shows a more detailed breakdown of
Omnitek Engineering'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.
Debt is covered by short term assets, assets are 14.1x debt.
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. Werner Funk has been Chief Executive Officer and President of Omnitek Engineering Corp. since May 2005 and served as its Chief Operating Officer. Mr. Funk has been the Secretary of Omnitek Engineering Corp. since May 2001. He is largely responsible for Omnitek’s growth and international market penetration. He serves as Chief Executive Officer of Nology. He serves as the Chief Executive Officer and President of Performance Stores Inc. He has over 26 years experience in international business, manufacturing, engineering, marketing and internet commerce. He is responsible for management, marketing and new product design. His extensive knowledge of technology, marketing and international business. He is also the inventor of numerous patents and pending patents, which have been assigned to and are owned by Omnitek. Mr. Funk served as an Assistant Crew Chief of a Porsche factory-sponsored racing team at Mercedes-Benz. Mr. Funk moved to the United States in 1978. He started several successful businesses including Nology Engineering Inc., a California Corporation, which designs, manufactures and markets automotive products for the performance aftermarket and Performance Stores Inc., a Nevada Corporation, which is a leading internet based E-commerce site selling automotive performance parts. He serves as the Chairman of Omnitek Engineering Corp., and has been its Director since May 2005. He served as a Director of Berner Kantonalbank AG. He was educated in Germany where he attended high school and vocational college for automotive technology where he graduated with honors receiving a bachelor degree in automotive technology.
Werner's compensation has been consistent with company performance over the past year, both up more than 20%.
Werner's remuneration is lower than average for companies of similar size in United States of America.
CFO & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Omnitek Engineering board of directors is about average.
Board of Directors
CFO & Director
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas conversion systems worldwide. The company offers conversion kits for converting diesel engines to run on an alternative fuels, including compressed natural gas, liquefied natural gas, renewable natural gas, and liquid petroleum gas; and natural gas engines and components, as well as 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. The company sells and delivers its products through its products through its distributors, engine manufacturers, system integrators, fleet operators, and engine conversion companies, as well as directly to end-users. Omnitek Engineering Corp. was founded in 2001 and is headquartered in Vista, California.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.