LiqTech International, Inc., a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters.
Excellent balance sheet with high growth potential.
Share Price & News
How has LiqTech International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LIQT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LIQT underperformed the US Machinery industry which returned 10% over the past year.
Return vs Market: LIQT underperformed the US Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is LiqTech International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is LiqTech International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LIQT ($6.51) is trading below our estimate of fair value ($59.45)
Significantly Below Fair Value: LIQT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LIQT is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.
PE vs Market: LIQT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LIQT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LIQT is overvalued based on its PB Ratio (5.7x) compared to the US Machinery industry average (2.2x).
How is LiqTech International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LIQT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: LIQT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LIQT's is expected to become profitable in the next 3 years.
Revenue vs Market: LIQT's revenue (43.2% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: LIQT's revenue (43.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LIQT's Return on Equity is forecast to be high in 3 years time
How has LiqTech International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LIQT is currently unprofitable.
Growing Profit Margin: LIQT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LIQT is unprofitable, but has reduced losses over the past 5 years at a rate of 2.3% per year.
Accelerating Growth: Unable to compare LIQT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LIQT is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (1.5%).
Return on Equity
High ROE: LIQT has a negative Return on Equity (-1.1%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is LiqTech International's financial position?
Financial Position Analysis
Short Term Liabilities: LIQT's short term assets ($27.9M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: LIQT's short term assets ($27.9M) exceed its long term liabilities ($2.4M).
Debt to Equity History and Analysis
Debt Level: LIQT is debt free.
Reducing Debt: LIQT has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.
Inventory Level: LIQT has a high level of physical assets or inventory.
Debt Coverage by Assets: LIQT's debt is covered by short term assets (assets are 6.2881946646325E+16x 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: LIQT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LIQT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is LiqTech International's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate LIQT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LIQT'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 LIQT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LIQT'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 LIQT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sune Mathiesen (44yo)
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 C ...
CEO Compensation Analysis
Compensation vs Market: Sune's total compensation ($USD366.05K) is about average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Sune's compensation has increased whilst the company is unprofitable.
|CEO & Director||5.6yrs||US$366.05k||no data|
|CFO & Principal Accounting Officer||1.5yrs||US$192.54k||0.0073% $9.5k|
|Chief Operating Officer||0yrs||no data||no data|
|Vice President of Sales||0yrs||no data||no data|
|Chief Executive Officer of Liqtech North America Inc||5.8yrs||US$144.00k||no data|
|Plant Manager||0yrs||no data||no data|
Experienced Management: LIQT's management team is seasoned and experienced (5.6 years average tenure).
|CEO & Director||5.6yrs||US$366.05k||no data|
|Independent Director||0.9yrs||no data||no data|
|Independent Director||2.5yrs||US$35.00k||0.16% $211.0k|
|Chairman of the Board||1.6yrs||US$67.50k||0.92% $1.2m|
|Independent Director||2.5yrs||US$25.00k||0.18% $237.4k|
Experienced Board: LIQT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.5%.
LiqTech International, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: LiqTech International, Inc.
- Ticker: LIQT
- Exchange: NasdaqCM
- Founded: 2004
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$130.067m
- Shares outstanding: 20.55m
- Website: https://www.liqtech.com
Number of Employees
- LiqTech International, Inc.
- Industriparken 22C
- Capital Region of Denmark
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LIQT||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Aug 2011|
|39J||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2011|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:55|
|End of Day Share Price||2020/02/18 00:00|
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.