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LiqTech International

Nasdaq:LIQT
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIQT
Nasdaq
$188M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

LiqTech International, Inc., a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The last earnings update was 66 days ago. More info.


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LIQT Share Price and Events
7 Day Returns
-8.5%
NasdaqCM:LIQT
1%
US Machinery
-0.3%
US Market
1 Year Returns
181%
NasdaqCM:LIQT
3.8%
US Machinery
3.4%
US Market
LIQT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LiqTech International (LIQT) -8.5% 0.2% 18.5% 181% 189.6% 55.6%
US Machinery 1% 3.1% -3.5% 3.8% 44.6% 26.6%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • LIQT outperformed the Machinery industry which returned 3.8% over the past year.
  • LIQT outperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
LIQT
Industry
5yr Volatility vs Market
Related Companies

LIQT Value

 Is LiqTech International undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LiqTech International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LiqTech International.

NasdaqCM:LIQT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:LIQT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 22%) (1.05%))
1.061
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.061 * 5.96%)
9.05%

Discounted Cash Flow Calculation for NasdaqCM:LIQT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LiqTech International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:LIQT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.05%)
2020 10.96 Analyst x3 10.05
2021 16.50 Analyst x1 13.87
2022 31.80 Analyst x1 24.52
2023 46.17 Est @ 45.2% 32.64
2024 61.16 Est @ 32.46% 39.65
2025 75.55 Est @ 23.54% 44.92
2026 88.62 Est @ 17.3% 48.31
2027 100.08 Est @ 12.93% 50.03
2028 109.95 Est @ 9.87% 50.40
2029 118.45 Est @ 7.73% 49.78
Present value of next 10 years cash flows $364.18
NasdaqCM:LIQT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $118.45 × (1 + 2.73%) ÷ (9.05% – 2.73%)
$1,924.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,924.03 ÷ (1 + 9.05%)10
$808.70
NasdaqCM:LIQT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $364.18 + $808.70
$1,172.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,172.87 / 20.52
$57.16
NasdaqCM:LIQT Discount to Share Price
Calculation Result
Value per share (USD) From above. $57.16
Current discount Discount to share price of $9.15
= -1 x ($9.15 - $57.16) / $57.16
84%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LiqTech International is available for.
Intrinsic value
>50%
Share price is $9.15 vs Future cash flow value of $57.16
Current Discount Checks
For LiqTech International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LiqTech International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • LiqTech International's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 LiqTech International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LiqTech International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:LIQT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.13
NasdaqCM:LIQT Share Price ** NasdaqCM (2019-07-18) in USD $9.15
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 21.1x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LiqTech International.

NasdaqCM:LIQT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:LIQT Share Price ÷ EPS (both in USD)

= 9.15 ÷ -0.13

-72.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LiqTech International is loss making, we can't compare its value to the US Machinery industry average.
  • LiqTech International is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does LiqTech International's expected growth come at a high price?
Raw Data
NasdaqCM:LIQT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -72.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
67.5%per year
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for LiqTech International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LiqTech International's assets?
Raw Data
NasdaqCM:LIQT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.47
NasdaqCM:LIQT Share Price * NasdaqCM (2019-07-18) in USD $9.15
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.26x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NasdaqCM:LIQT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:LIQT Share Price ÷ Book Value per Share (both in USD)

= 9.15 ÷ 0.47

19.42x

* Primary Listing of LiqTech International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LiqTech International is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess LiqTech International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. LiqTech International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LIQT Future Performance

 How is LiqTech International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth 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 it right!
Annual Growth Rate
67.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LiqTech International expected to grow at an attractive rate?
  • LiqTech International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • LiqTech International's earnings growth is expected to exceed the United States of America market average.
  • LiqTech International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:LIQT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:LIQT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 67.5%
NasdaqCM:LIQT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 41.2%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:LIQT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:LIQT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 122 33 32 1
2021-12-31 74 19 17 1
2020-12-31 64 12 11 4
2019-12-31 37 2 3 4
NasdaqCM:LIQT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 17 -3 -2
2018-12-31 12 -4 -4
2018-09-30 12 -4 -4
2018-06-30 11 -5 -4
2018-03-31 11 -5 -5
2017-12-31 11 -3 -4
2017-09-30 11 -1 -15
2017-06-30 12 -1 -14
2017-03-31 13 0 -13
2016-12-31 14 0 -16
2016-09-30 16 -1 -5
2016-06-30 20 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LiqTech International's earnings are expected to grow significantly at over 20% yearly.
  • LiqTech International's revenue is expected to grow significantly at over 20% yearly.
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.
Raw Data
NasdaqCM:LIQT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from LiqTech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LIQT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.54 1.54 1.54 1.00
2021-12-31 0.84 0.84 0.84 1.00
2020-12-31 0.58 0.72 0.46 4.00
2019-12-31 0.13 0.17 0.08 4.00
NasdaqCM:LIQT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.13
2018-12-31 -0.24
2018-09-30 -0.26
2018-06-30 -0.34
2018-03-31 -0.47
2017-12-31 -0.43
2017-09-30 -1.58
2017-06-30 -1.58
2017-03-31 -1.46
2016-12-31 -1.78
2016-09-30 -0.53
2016-06-30 -0.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if LiqTech International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LiqTech International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LiqTech International has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LIQT Past Performance

  How has LiqTech International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LiqTech International's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LiqTech International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare LiqTech International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare LiqTech International's 1-year growth to the US Machinery industry average as it is not currently profitable.
Earnings and Revenue History
LiqTech International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LiqTech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LIQT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17.26 -2.25 4.97 0.69
2018-12-31 12.23 -3.81 4.89 0.66
2018-09-30 12.33 -3.67 4.40 0.66
2018-06-30 11.44 -4.23 4.30 0.63
2018-03-31 10.77 -5.16 4.31 0.57
2017-12-31 11.34 -4.46 4.28 0.54
2017-09-30 10.92 -14.90 5.90 0.52
2017-06-30 12.15 -14.36 6.09 0.53
2017-03-31 13.24 -13.50 6.22 0.58
2016-12-31 13.91 -16.42 6.60 0.63
2016-09-30 16.41 -4.89 5.27 0.65
2016-06-30 19.66 -3.33 5.52 0.69
2016-03-31 17.34 -4.79 5.84 0.73
2015-12-31 15.81 -2.21 5.91 0.71
2015-09-30 13.20 -4.24 6.48 0.65
2015-06-30 11.20 -4.51 6.62 0.56
2015-03-31 13.47 -3.48 6.97 0.40
2014-12-31 14.56 -3.07 6.95 0.34
2014-09-30 15.77 -3.12 6.57 0.37
2014-06-30 13.79 -4.37 6.52 0.38
2014-03-31 12.62 -4.91 6.65 0.45
2013-12-31 12.83 -4.83 6.36 0.50
2013-09-30 12.67 -5.00 6.94 0.62
2013-06-30 12.83 -4.52 6.59 0.62
2013-03-31 13.98 -3.77 5.74 0.66
2012-12-31 16.92 -2.77 5.86 0.74
2012-09-30 21.05 -0.12 4.94 0.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if LiqTech International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if LiqTech International has efficiently used its assets last year compared to the US Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if LiqTech International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess LiqTech International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
LiqTech International 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.

Full details on the Past part of the Simply Wall St company analysis model.

LIQT Health

 How is LiqTech International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LiqTech International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LiqTech International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LiqTech International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LiqTech International'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 checks below.
Assets
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 2386.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from LiqTech International Company Filings, last reported 3 months ago.

NasdaqCM:LIQT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8.62 0.00 3.43
2018-12-31 8.54 0.00 3.78
2018-09-30 9.63 0.00 3.86
2018-06-30 10.61 0.00 4.49
2018-03-31 5.63 0.00 0.83
2017-12-31 6.91 0.00 2.49
2017-09-30 5.19 0.05 0.53
2017-06-30 6.51 0.05 1.28
2017-03-31 5.44 0.05 0.52
2016-12-31 6.27 0.05 1.21
2016-09-30 18.33 0.06 0.24
2016-06-30 19.09 0.06 0.64
2016-03-31 19.73 0.07 1.32
2015-12-31 22.57 0.00 1.37
2015-09-30 23.09 0.00 2.35
2015-06-30 22.53 0.00 3.10
2015-03-31 23.45 0.00 3.08
2014-12-31 26.97 0.00 5.85
2014-09-30 29.56 0.00 6.74
2014-06-30 13.98 0.00 1.27
2014-03-31 14.59 0.00 3.73
2013-12-31 15.13 0.00 4.88
2013-09-30 13.24 0.00 1.56
2013-06-30 13.33 0.00 2.07
2013-03-31 13.81 0.00 3.12
2012-12-31 14.55 0.00 3.87
2012-09-30 16.62 0.00 3.71
  • LiqTech International's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.8% vs 0.1% today).
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.

  • LiqTech International has less than a year of cash runway based on current free cash flow.
  • LiqTech International has less than a year of cash runway if free cash flow continues to grow at historical rates of 54% each year.
X
Financial health checks
We assess LiqTech International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LiqTech International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LIQT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from LiqTech International dividends.
If you bought $2,000 of LiqTech International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate LiqTech International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LiqTech International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:LIQT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:LIQT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as LiqTech International has not reported any payouts.
  • Unable to verify if LiqTech International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LiqTech International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LiqTech International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess LiqTech International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LiqTech International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LiqTech International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LIQT Management

 What is the CEO of LiqTech International's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Sune Mathiesen
COMPENSATION $366,054
AGE 44
TENURE AS CEO 5 years
CEO Bio

Mr. Sune Mathiesen serves as the Chief Executive Officer of Provital Solutions A/S. Mr. Mathiesen has been the Chief Executive Officer of LiqTech International, Inc. since July 29, 2014 and served as its Chief Financial Officer until 2018. He joined LiqTech International through recent acquisition of Provital and he has long experience in executive management, technical sales and turnarounds greatly benefit LiqTech. His leadership helped Provital develop and successfully market a unique range of small footprint, cost-effective filtration solutions to the swimming pool and large water park markets. Prior to Provital, Mr. Mathiesen served as a Country Manager for Broen A/S. He has been a Director of LiqTech International, Inc. since July 29, 2014. He holds a degree in commercial science from Via College in Randers, Denmark.

CEO Compensation
  • Sune's compensation has increased whilst company is loss making.
  • Sune's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the LiqTech International management team in years:

5
Average Tenure
54
Average Age
  • The average tenure for the LiqTech International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sune Mathiesen

TITLE
CEO & Director
COMPENSATION
$366K
AGE
44
TENURE
5 yrs

Claus Toftegaard

TITLE
Chief Financial Officer
COMPENSATION
$83K
AGE
54
TENURE
0.9 yrs

Paw Juul

TITLE
Chief Operating Officer

Don Debelak

TITLE
Chief Executive Officer of Liqtech North America Inc
COMPENSATION
$15K
AGE
70
TENURE
5.2 yrs

Karsten Hansen

TITLE
Plant Manager
Board of Directors Tenure

Average tenure and age of the LiqTech International board of directors in years:

1.9
Average Tenure
48
Average Age
  • The average tenure for the LiqTech International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Vernon

TITLE
Chairman of the Board
COMPENSATION
$68K
AGE
66
TENURE
1 yrs

Sune Mathiesen

TITLE
CEO & Director
COMPENSATION
$366K
AGE
44
TENURE
5 yrs

Alex Buehler

TITLE
Director
COMPENSATION
$35K
AGE
43
TENURE
1.9 yrs

Peyton Boswell

TITLE
Director
COMPENSATION
$25K
AGE
48
TENURE
1.9 yrs

Peter Leifland

TITLE
Director
AGE
65
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess LiqTech International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LiqTech International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LIQT News

Simply Wall St News

LIQT Company Info

Description

LiqTech International, Inc., a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water. It also offers diesel particulate filters for exhaust emission control solutions to the verified retrofit and the original equipment manufacturer market; and kiln furniture to support ceramics that create additional space to maximize the number of items for each firing. LiqTech International, Inc. sells its products primarily to industrial customers in the United States, Canada, Europe, Asia, South America, and Australia. The company was formerly known as Blue Moose Media, Inc. and changed its name to LiqTech International, Inc. in October 2011. LiqTech International, Inc. was founded in 2004 and is headquartered in Ballerup, Denmark.

Details
Name: LiqTech International, Inc.
LIQT
Exchange: NasdaqCM
Founded: 2004
$187,746,489
20,518,742
Website: http://www.liqtech.com
Address: LiqTech International, Inc.
Industriparken 22C,
Ballerup,
Capital Region of Denmark, 2750,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM LIQT Common Stock Nasdaq Capital Market US USD 25. Aug 2011
Number of employees
Current staff
Staff numbers
73
LiqTech International employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 00:34
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/08
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.