OTCPK:FLYL.F

Stock Analysis Report

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Executive Summary

FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

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

Stable Share Price: FLYL.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

14.6%

FLYL.F

-3.2%

US Aerospace & Defense

-1.9%

US Market


1 Year Return

-62.9%

FLYL.F

-29.2%

US Aerospace & Defense

13.1%

US Market

Return vs Industry: FLYL.F underperformed the US Aerospace & Defense industry which returned -29.4% over the past year.

Return vs Market: FLYL.F underperformed the US Market which returned 12.7% over the past year.


Shareholder returns

FLYL.FIndustryMarket
7 Day14.6%-3.2%-1.9%
30 Day11.8%-3.4%-2.9%
90 Day-1.2%3.1%8.2%
1 Year-62.9%-62.9%-15.3%-29.2%15.7%13.1%
3 Year-79.9%-79.9%5.8%-15.3%38.4%29.1%
5 Year-72.6%-72.6%68.3%26.4%89.3%68.0%

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 compared to its fair value and its price relative to the market?

2.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FLYL.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FLYL.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FLYL.F is unprofitable, so we can't compare its PE Ratio to the US Aerospace & Defense industry average.

PE vs Market: FLYL.F 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 FLYL.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLYL.F's PB Ratio (2.4x) is in line with the US Aerospace & Defense industry average.


Next Steps

Future Growth

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

21.5%

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

Past Performance

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

24.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLYL.F is currently unprofitable.

Growing Profit Margin: FLYL.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLYL.F is unprofitable, but has reduced losses over the past 5 years at a rate of 24.6% per year.

Accelerating Growth: Unable to compare FLYL.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLYL.F is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (3.1%).


Return on Equity

High ROE: FLYL.F has a negative Return on Equity (-25.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is FLYHT Aerospace Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: FLYL.F's short term assets (CA$12.4M) exceed its short term liabilities (CA$3.8M).

Long Term Liabilities: FLYL.F's short term assets (CA$12.4M) exceed its long term liabilities (CA$7.4M).


Debt to Equity History and Analysis

Debt Level: FLYL.F's debt to equity ratio (89.7%) is considered high.

Reducing Debt: FLYL.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: FLYL.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FLYL.F has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 14.6% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLYL.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLYL.F'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 FLYL.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLYL.F'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 FLYL.F'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?

1.5yrs

Average management tenure


CEO

Bill Tempany

0.25

Tenure

CA$30,526

Compensation

Mr. William T. Tempany, also known as Bill, serves as Chief Executive Officer at FLYHT Aerospace Solutions Ltd. since July 2020 and served as Interim Chief Executive Officer since June 2020 until July 2020 ...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD22.92K) is below average for companies of similar size in the US market ($USD601.89K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Barry Eccleston
Executive Chairman0.25yrCA$23.84kno data
William Tempany
CEO & Director0.25yrCA$30.53k1.44%
CA$ 155.6k
Alana Forbes
Chief Financial Officer2.5yrsCA$233.42k0.0036%
CA$ 384.9
Matieu Plamondon
Chief Operating Officer4.33yrsCA$235.48k0.013%
CA$ 1.4k
Derek Graham
Chief Technical Officer6.58yrsCA$239.94k0.075%
CA$ 8.1k
Derek Taylor
Vice President of Sales & Marketing0.50yrCA$187.05kno data
Kent Jacobs
Technical Director of Advanced Applicationsno datano datano data

1.5yrs

Average Tenure

Experienced Management: FLYL.F's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Barry Eccleston
Executive Chairman0.25yrCA$23.84kno data
William Tempany
CEO & Director0.25yrCA$30.53k1.44%
CA$ 155.6k
Douglas Marlin
Independent Vice Chairmanno dataCA$24.00k0.82%
CA$ 89.1k
Michael Brown
Independent Director17.58yrsCA$24.00k0.17%
CA$ 18.3k
Jack Olcott
Independent Director12.33yrsCA$23.84k0.30%
CA$ 32.5k
Paul Takalo
Director12.33yrsCA$24.00k0.19%
CA$ 20.6k
Brent Rosenthal
Independent Director0.17yrno data0.50%
CA$ 54.0k
Mary McMillan
Independent Director1.08yrsCA$9.90kno data
Nina Jonsson
Independent Director1.67yrsCA$23.84kno data

7.0yrs

Average Tenure

72yo

Average Age

Experienced Board: FLYL.F's board of directors are considered experienced (7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.1%.


Top Shareholders

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$14.398m
  • Listing Market Cap: CA$10.813m
  • Shares outstanding: 26.66m
  • 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 communications with aircrafts for the aerospace industry. It offers AFIRS and UpTime, an automated flight information reporting system (AFIRS) that capture ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 06:00
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
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.