Carbon Streaming (OTCPK:OFST.F) - Share price, News & Analysis

OFST.F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

OFST.F Stock Overview

Carbon Streaming Corporation operates as an environmental, social, and governance principled investment vehicle that provides investors with exposure to carbon credits.

Rewards

Revenue is forecast to grow 58.8% per year

Risk Analysis

Earnings have declined by 99% per year over past 5 years

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue ($145K)

Carbon Streaming Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Carbon Streaming
Historical stock prices
Current Share Price	US$3.24
52 Week High	US$27.50
52 Week Low	US$3.01
Beta	-135.63
1 Month Change	-35.33%
3 Month Change	-57.42%
1 Year Change	-55.31%
3 Year Change	64,700.00%
5 Year Change	n/a
Change since IPO	-92.20%

Shareholder Returns

	OFST.F	US Commercial Services	US Market
7D	-16.7%	-0.9%	-2.7%
1Y	-55.3%	-5.6%	-12.9%

Return vs Industry: OFST.F underperformed the US Commercial Services industry which returned -5.6% over the past year.

Return vs Market: OFST.F underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is OFST.F's price volatile compared to industry and market?
OFST.F volatility
OFST.F Average Weekly Movement	10.8%
Commercial Services Industry Average Movement	7.7%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: OFST.F is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: OFST.F's weekly volatility has decreased from 18% to 11% over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Justin Cochrane	https://www.carbonstreaming.com

Carbon Streaming Corporation operates as an environmental, social, and governance principled investment vehicle that provides investors with exposure to carbon credits. The company focuses on acquiring, managing, and growing a diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly, or indirectly with voluntary and/or compliance carbon credits. It invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects.

Carbon Streaming Fundamentals Summary

How do Carbon Streaming's earnings and revenue compare to its market cap?
OFST.F fundamental statistics
Market Cap	US$151.60m
Earnings (TTM)	-US$44.34m
Revenue (TTM)	US$145.00k

1,049x

P/S Ratio

-3.4x

P/E Ratio

Is OFST.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OFST.F income statement (TTM)
Revenue	US$145.00k
Cost of Revenue	US$125.00k
Gross Profit	US$20.00k
Other Expenses	US$44.36m
Earnings	-US$44.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.95
Gross Margin	13.79%
Net Profit Margin	-30,582.63%
Debt/Equity Ratio	0.0%

How did OFST.F perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.33x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate OFST.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OFST.F's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: OFST.F is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

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

Price to Book Ratio

PB vs Industry: OFST.F is good value based on its PB Ratio (1.3x) compared to the US Commercial Services industry average (1.8x).

Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

58.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if OFST.F's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if OFST.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OFST.F's revenue (58.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: OFST.F's revenue (58.8% 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 OFST.F's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Carbon Streaming performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-99.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OFST.F is currently unprofitable.

Growing Profit Margin: OFST.F is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: OFST.F is unprofitable, and losses have increased over the past 5 years at a rate of 99% per year.

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

Earnings vs Industry: OFST.F is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (30.2%).

Return on Equity

High ROE: OFST.F has a negative Return on Equity (-38.88%), as it is currently unprofitable.

Financial Health

How is Carbon Streaming's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OFST.F's short term assets ($104.8M) exceed its short term liabilities ($52.1M).

Long Term Liabilities: OFST.F has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: OFST.F is debt free.

Reducing Debt: OFST.F had no debt 5 years ago.

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: OFST.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: OFST.F has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 99.2% each year.

Dividend

What is Carbon Streaming current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

Growing Dividend: Insufficient data to determine if OFST.F's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OFST.F has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure

CEO

Justin Cochrane (40 yo)

1.33yrs

Tenure

US$813,985

Compensation

Mr. Justin Robert Cochrane, CFA, serves as CEO at Carbon Streaming Corporation since January 27, 2021 and has been its Director since June 29, 2021 and served as President since January 27, 2021 until Octo...

CEO Compensation Analysis

Compensation vs Market: Justin's total compensation ($USD813.98K) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Insufficient data to compare Justin's compensation with company performance.

Leadership Team

Experienced Management: OFST.F's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Experienced Board: OFST.F's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: OFST.F insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 161.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30