OTCPK:TKLS

Stock Analysis Report

Executive Summary

Trutankless, Inc., through its subsidiary, Bollente, Inc., researches and develops, manufactures, and distributes electric tankless water heaters in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-48.3%

TKLS

14.3%

US Building

10.5%

US Market


1 Year Return

-87.4%

TKLS

-15.0%

US Building

-11.5%

US Market

Return vs Industry: TKLS underperformed the US Building industry which returned -15% over the past year.

Return vs Market: TKLS underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

TKLSIndustryMarket
7 Day-48.3%14.3%10.5%
30 Day-62.7%-26.5%-15.4%
90 Day-63.0%-29.4%-21.4%
1 Year-87.4%-87.4%-13.7%-15.0%-9.6%-11.5%
3 Year-85.5%-85.5%-15.6%-19.5%12.6%5.4%
5 Year-95.5%-95.5%1.5%-11.5%32.8%18.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Trutankless is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Trutankless 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 TKLS’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 Trutankless regulatory filings here.
  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

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

17.1%

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 Trutankless 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 TKLS’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 Trutankless's filings and announcements here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Trutankless performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TKLS is currently unprofitable.

Growing Profit Margin: TKLS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TKLS is unprofitable, but has reduced losses over the past 5 years at a rate of 12.4% per year.

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

Earnings vs Industry: TKLS is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (-15.9%).


Return on Equity

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


Next Steps

Financial Health

How is Trutankless's financial position?


Financial Position Analysis

Short Term Liabilities: TKLS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TKLS 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: TKLS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TKLS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: TKLS has a high level of physical assets or inventory.

Debt Coverage by Assets: TKLS has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: TKLS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TKLS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TKLS'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 TKLS'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$279k

CEO Compensation


CEO

Michael Stebbins (37yo)

0.58

Tenure

US$278,750

Compensation

Mr. Michael Stebbins has been CEO of Trutankless, Inc. since August 2019 and also serves as Chairman. He has been President of Trutankless, Inc. (formerly Bollente, Inc.) since February 2, 2017 and its Dir ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD278.75K) is below average for companies of similar size in the US market ($USD601.33K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


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 27.9%.


Top Shareholders

Company Information

Trutankless, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trutankless, Inc.
  • Ticker: TKLS
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: US$11.938m
  • Shares outstanding: 54.29m
  • Website: https://www.trutankless.com

Number of Employees


Location

  • Trutankless, Inc.
  • 15720 North Greenway Hayden Loop
  • Suite 2
  • Scottsdale
  • Arizona
  • 85260
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TKLSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2011

Biography

Trutankless, Inc., through its subsidiary, Bollente, Inc., researches and develops, manufactures, and distributes electric tankless water heaters in the United States. The company provides water heaters that are designed to provide hot water supply under the Trutankless and Vero names; and home.mytankless.com, a customizable online control panel that enables dashboard, residential, and commercial users to obtain real-time status reports, adjust unit temperature settings, view up water usage data, and change notification settings from anywhere. It sells its products to plumbing wholesale distributors and dealers. Trutankless, Inc. founded in 2008 and is headquartered in Scottsdale, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 02:04
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
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.