OTCPK:OMTK

Stock Analysis Report

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Executive Summary

Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas engine conversion systems and other products worldwide.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

34.9%

OMTK

-0.8%

US Auto Components

2.3%

US Market


1 Year Return

7.4%

OMTK

-11.7%

US Auto Components

6.7%

US Market

Return vs Industry: OMTK exceeded the US Auto Components industry which returned -11.3% over the past year.

Return vs Market: OMTK exceeded the US Market which returned 6.1% over the past year.


Shareholder returns

OMTKIndustryMarket
7 Day34.9%-0.8%2.3%
30 Day41.5%-6.5%1.5%
90 Day45.0%23.5%17.8%
1 Year7.4%7.4%-10.6%-11.7%9.0%6.7%
3 Year-60.0%-60.0%-25.3%-33.1%36.6%27.7%
5 Year-94.0%-94.0%-4.8%-18.8%64.2%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Omnitek Engineering is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Omnitek Engineering 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.


Next Steps

  • 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.
  • Explore potentially undervalued companies in the Automobiles industry.

Future Growth

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

24.7%

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.


Next Steps

  • 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.
  • Explore growth companies in the Automobiles industry.

Past Performance

How has Omnitek Engineering performed over the past 5 years?

17.2%

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 17.2% 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 (3.5%).


Return on Equity

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


Next Steps

Financial Health

How is Omnitek Engineering's financial position?


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 less than a year of cash runway 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 58.6% each year.


Next Steps

Dividend

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


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.


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 OMTK'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?

US$9k

CEO Compensation


CEO

Werner Funk (74yo)

19.17yrs

Tenure

US$9,058

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Werner's total compensation ($USD9.06K) is below average for companies of similar size in the US market ($USD620.12K).

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


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 been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

Omnitek Engineering Corp.'s company bio, 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
  • Market Cap: US$1.238m
  • Shares outstanding: 21.34m
  • Website: https://www.omnitekcorp.com

Number of Employees


Location

  • Omnitek Engineering Corp.
  • 1333 Keystone Way
  • Suite 101
  • Vista
  • California
  • 92081
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OMTKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2007

Biography

Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gas engine conversion systems and other products worldwide. The company offers conversion kits for converting diesel engines to run on an alternative fuel, 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 00:13
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.