OTCPK:FLYL.F

Stock Analysis Report

Executive Summary

FLYHT Aerospace Solutions Ltd. provides real-time aircraft intelligence and cockpit communications for the aerospace industry.

Snowflake

Fundamentals

Mediocre balance sheet with questionable track record.

Risks

  • FLYHT Aerospace Solutions is not covered by any analysts.

Share Price & News

How has FLYHT Aerospace Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

OTCPK:FLYL.F

3.3%

US Aerospace & Defense

1.1%

US Market


1 Year Return

11.8%

OTCPK:FLYL.F

6.5%

US Aerospace & Defense

2.1%

US Market

FLYL.F outperformed the Aerospace & Defense industry which returned 5.6% over the past year.

FLYL.F outperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

FLYL.FIndustryMarket
7 Day3.0%3.3%1.1%
30 Day-3.8%5.9%3.7%
90 Day-4.3%10.0%2.3%
1 Year11.8%11.8%8.6%6.5%4.4%2.1%
3 Year-20.8%-20.8%65.6%56.6%47.0%37.4%
5 Year-71.5%-71.5%100.6%81.6%61.6%43.8%

Price Volatility Vs. Market

How volatile is FLYHT Aerospace Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FLYHT Aerospace Solutions undervalued based on future cash flows and its price relative to the stock market?

65.28x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for FLYHT Aerospace Solutions to establish if it is available at moderate discount.

Unable to calculate intrinsic value for FLYHT Aerospace Solutions to establish if it is available at substantial discount.


Price Based on Earnings

FLYHT Aerospace Solutions is overvalued based on earnings compared to the US Aerospace & Defense industry average.

FLYHT Aerospace Solutions is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for FLYHT Aerospace Solutions, we can't assess if its growth is good value.


Price Based on Value of Assets

FLYHT Aerospace Solutions is overvalued based on assets compared to the US Aerospace & Defense industry average.


Next Steps

Future Growth

How is FLYHT Aerospace Solutions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

Forecasted Capital Goods 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 FLYHT Aerospace Solutions 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 FLYL.F’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 FLYHT Aerospace Solutions's filings and announcements here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has FLYHT Aerospace Solutions performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FLYHT Aerospace Solutions has delivered over 20% year on year earnings growth in the past 5 years.

FLYHT Aerospace Solutions has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

FLYHT Aerospace Solutions has become profitable in the last year making it difficult to compare the US Aerospace & Defense industry average.


Return on Equity

Whilst FLYHT Aerospace Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

FLYHT Aerospace Solutions used its assets more efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if FLYHT Aerospace Solutions improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is FLYHT Aerospace Solutions's financial position?


Financial Position Analysis

FLYHT Aerospace Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

FLYHT Aerospace Solutions's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

FLYHT Aerospace Solutions's level of debt (310%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (1302.1% vs 310% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on FLYHT Aerospace Solutions's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.7x debt.


Next Steps

Dividend

What is FLYHT Aerospace Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate FLYHT Aerospace Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate FLYHT Aerospace Solutions's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as FLYHT Aerospace Solutions has not reported any payouts.

Unable to verify if FLYHT Aerospace Solutions's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as FLYHT Aerospace Solutions 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.


Next Steps

Management

What is the CEO of FLYHT Aerospace Solutions's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Tom Schmutz (57yo)

3.9yrs

Tenure

CA$437,623

Compensation

Mr. Thomas R. Schmutz, also Known as Tom, MEng, MBA has been the Chief Executive Officer of FLYHT Aerospace Solutions Ltd. since October 19, 2015. Mr. Schmutz has gained extensive experience in his 30 year ...


CEO Compensation Analysis

Tom's remuneration is lower than average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.3yrs

Average Tenure

The tenure for the FLYHT Aerospace Solutions management team is about average.


Board Age and Tenure

4.7yrs

Average Tenure

72yo

Average Age

The tenure for the FLYHT Aerospace Solutions board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCA$71320 Dec 18
Alana Forbes
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares950
Max PriceCA$0.75
BuyCA$18,69318 Dec 18
Thomas Schmutz
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares25,000
Max PriceCA$0.75

Ownership Breakdown


Management Team

  • Tom Schmutz (57yo)

    Chief Executive Officer

    • Tenure: 3.9yrs
    • Compensation: CA$437.62k
  • Derek Taylor

    Sales Director

    • Tenure: 17yrs
    • Compensation: CA$187.05k
  • Derek Graham

    Chief Technical Officer

    • Tenure: 5.6yrs
    • Compensation: CA$242.10k
  • Alana Forbes

    Chief Financial Officer

    • Tenure: 1.5yrs
    • Compensation: CA$176.73k
  • Mat Plamondon

    Chief Operating Officer

    • Tenure: 3.3yrs
    • Compensation: CA$192.76k
  • Jeff Rex

    Vice President of Sales & Marketing

    • Tenure: 0.8yrs
  • Jacob Venter

    Account Manager

    • Tenure: 0.8yrs

Board Members

  • Barry Eccleston (72yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: CA$28.14k
  • Doug Marlin (71yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: CA$34.35k
  • Bill Tempany

    Chairman of the Board

    • Tenure: 3.9yrs
    • Compensation: CA$40.35k
  • Mike Brown

    Director

    • Tenure: 16.6yrs
    • Compensation: CA$28.83k
  • Jack Olcott

    Director

    • Tenure: 11.3yrs
    • Compensation: CA$28.14k
  • Paul Takalo

    Director

    • Tenure: 11.3yrs
    • Compensation: CA$26.83k
  • Mary McMillan

    Director

    • Tenure: 0.08yrs
  • Mark Rosenker (72yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: CA$30.44k
  • Nina Jonsson

    Director

    • Tenure: 0.7yrs

Company Information

FLYHT Aerospace Solutions Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FLYHT Aerospace Solutions Ltd.
  • Ticker: FLYL.F
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: CA$33.684m
  • Listing Market Cap: CA$25.422m
  • Shares outstanding: 21.32m
  • Website: https://www.flyht.com

Location

  • FLYHT Aerospace Solutions Ltd.
  • 300E, 1144 - 29 Avenue NE
  • Calgary
  • Alberta
  • T2E 7P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLYTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2003
FLYL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2003
5F8ADB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2003

Biography

FLYHT Aerospace Solutions Ltd. provides real-time aircraft intelligence and cockpit communications for the aerospace industry. It offers AFIRS and UpTime, an automated flight information reporting system ( ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:19
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.