OTCPK:PGTK

Stock Analysis Report

Executive Summary

Pacific Green Technologies Inc. engages in acquiring, developing, and marketing emission control technologies in North America, Europe, and Asia.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Pacific Green Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-22.1%

PGTK

-8.8%

US Commercial Services

-10.6%

US Market


1 Year Return

-10.0%

PGTK

8.3%

US Commercial Services

5.2%

US Market

Return vs Industry: PGTK underperformed the US Commercial Services industry which returned 8.3% over the past year.

Return vs Market: PGTK underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

PGTKIndustryMarket
7 Day-22.1%-8.8%-10.6%
30 Day-10.4%-6.7%-8.5%
90 Day-23.1%-2.8%-4.6%
1 Year-10.0%-10.0%12.0%8.3%7.4%5.2%
3 Year60.7%60.7%48.3%38.4%31.7%23.2%
5 Year125.0%125.0%86.0%66.3%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Pacific Green Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGTK ($2.25) is trading below our estimate of fair value ($81.6)

Significantly Below Fair Value: PGTK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PGTK is poor value based on its PE Ratio (32.1x) compared to the Commercial Services industry average (27.1x).

PE vs Market: PGTK is poor value based on its PE Ratio (32.1x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PGTK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PGTK is overvalued based on its PB Ratio (6.2x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

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

16.1%

Forecasted Commercial Services 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 Pacific Green Technologies 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 Pacific Green Technologies performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGTK has high quality earnings.

Growing Profit Margin: PGTK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PGTK has become profitable over the past 5 years, growing earnings by 11.5% per year.

Accelerating Growth: PGTK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PGTK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (-0.6%).


Return on Equity

High ROE: PGTK's Return on Equity (19.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pacific Green Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: PGTK's short term assets ($66.0M) do not cover its short term liabilities ($68.5M).

Long Term Liabilities: PGTK's short term assets ($66.0M) exceed its long term liabilities ($1.4M).


Debt to Equity History and Analysis

Debt Level: PGTK's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: PGTK's debt to equity ratio has reduced from 323.9% to 0.2% over the past 5 years.


Balance Sheet

Inventory Level: PGTK has a low level of unsold assets or inventory.

Debt Coverage by Assets: PGTK's debt is covered by short term assets (assets are 2198.8x 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: PGTK is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: PGTK is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Pacific Green Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.1%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if PGTK'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 PGTK'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?

0.8yrs

Average management tenure


CEO

Scott Poulter (50yo)

0.5yrs

Tenure

US$2,105,986

Compensation

Mr. Scott Poulter, Esq., is the Chief Executive Officer of Pacific Green Technologies Inc. since August 23, 2019 and also serves as it's Chairman since December 2019. Mr. Poulter has been an Executive Dire ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD2.11M) is above average for companies of similar size in the US market ($USD535.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Scott Poulter
CEO & Chairman0.5yrsUS$2.11m13.77% $14.1m
Richard Fraser-Smith
Chief Financial Officer0.08yrsno datano data
Riseley D'Souza
Vice President of Operations1.1yrsno datano data
Ken McClelland
Technical Director0yrsno datano data
Kelvin Campbell
Group Chief Engineer0yrsno datano data
Edward Li
Chief Engineer of China0yrsno datano data
Nick Mahoney
Managing Director of Pacific Green Marine Technologies Trading Limited1.1yrsno datano data

0.8yrs

Average Tenure

Experienced Management: PGTK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Scott Poulter
CEO & Chairman0.5yrsUS$2.11m13.77% $14.1m
Eric Proudy
Independent Non-Executive Director0.08yrsno datano data
Neil Carmichael
Non-Executive Director7.2yrsUS$75.00k0.088% $90.3k
Alexander Shead
Director4.6yrsUS$1.06mno data

2.4yrs

Average Tenure

54yo

Average Age

Experienced Board: PGTK's board of directors are not considered experienced ( 2.4 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: Insufficient data to determine if 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 diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

Company Information

Pacific Green Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Green Technologies Inc.
  • Ticker: PGTK
  • Exchange: OTCPK
  • Founded: 1994
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: US$102.698m
  • Shares outstanding: 45.64m
  • Website: https://www.pacificgreentechnologies.com

Number of Employees


Location

  • Pacific Green Technologies Inc.
  • 8 The Green
  • Suite 10212
  • Dover
  • Delaware
  • 19901
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGTKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2012

Biography

Pacific Green Technologies Inc. engages in acquiring, developing, and marketing emission control technologies in North America, Europe, and Asia. The company offers ENVI-Clean, a system that removes sulphur dioxides, particulate matters, greenhouse gases, and other hazardous air pollutants; and ENVI-Pure, which removes acid gases, particulate matter, dioxins, VOCs, and other hazardous air pollutants from the flue gases produced by the combustion of coal, biomass, municipal solid waste, diesel, and other fuels. It also provides ENVI-Marine, a scrubber for application in diesel exhaust emissions. The company was founded incorporated in 1994 and is based in Dover, Delaware. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:31
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.