OTCPK:AFTM

Stock Analysis Report

Executive Summary

AfterMaster, Inc., together with its subsidiaries, operates as an audio technology company in the United States.

Risk Analysis

Earnings have declined by -1.17% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue ($582K)

Does not have a meaningful market cap ($396K)

+ 2 more risks


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

AFTM

2.0%

US Leisure

1.5%

US Market


1 Year Return

-94.1%

AFTM

11.6%

US Leisure

20.1%

US Market

Return vs Industry: AFTM underperformed the US Leisure industry which returned 11.6% over the past year.

Return vs Market: AFTM underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

AFTMIndustryMarket
7 Day0%2.0%1.5%
30 Day-23.1%-0.02%1.4%
90 Day-88.9%3.2%8.7%
1 Year-94.1%-94.1%13.5%11.6%22.7%20.1%
3 Year-99.7%-99.7%-0.3%-5.2%50.1%40.5%
5 Year-99.9%-99.9%3.2%-6.5%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


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

Future Growth

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

23.0%

Forecasted Consumer Durables 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 AfterMaster 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 AFTM’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 AfterMaster's filings and announcements here.
  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has AfterMaster performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFTM is currently unprofitable.

Growing Profit Margin: AFTM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AFTM is unprofitable, and losses have increased over the past 5 years at a rate of -1.2% per year.

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

Earnings vs Industry: AFTM is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-3.4%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AfterMaster's financial position?


Financial Position Analysis

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

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

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


Balance Sheet

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

Debt Coverage by Assets: AFTM 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: AFTM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AFTM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

5.7yrs

Average management tenure


CEO

Larry Ryckman (60yo)

4.5yrs

Tenure

US$269,047

Compensation

Mr. Lawrence G. Ryckman, also known as Larry, has been the Chief Executive Officer and President of Aftermaster, Inc. (known as Studio One Media, Inc) since August 28, 2015, has been its interim Chairman s ...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD269.05K) is below average for companies of similar size in the US market ($USD521.92K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lawrence Ryckman
President4.5yrsUS$269.05k3.48% $13.8k
Mirella Chavez
CFO, Secretary4.2yrsUS$220.00k3.03% $12.0k
Sheldon Yakus
Senior VP of Engineering & VP0yrsUS$47.18kno data
Mark Depew
Senior VP of Finance & Director4.2yrsUS$95.00k1.89% $7.5k
Ron Gillyard
Senior Vice President of Music & Marketing0yrsno datano data
Paul Wolff
Senior Vice President of Product Development0yrsno datano data
Aaron Ryckman
Senior Vice President of Business Development0yrsno datano data
Matthew Long
Vice President of Video Production & Engineering0yrsUS$38.78kno data
Richard Wingate
Senior Consultant7.1yrsno datano data

5.7yrs

Average Tenure

55yo

Average Age

Experienced Management: AFTM's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lawrence Ryckman
President4.5yrsUS$269.05k3.48% $13.8k
Mirella Chavez
CFO, Secretary4.2yrsUS$220.00k3.03% $12.0k
Mark Depew
Senior VP of Finance & Director4.2yrsUS$95.00k1.89% $7.5k
Charles Weber
Member of Advisory Board0yrsno datano data
Ted Field
Member of Advisory Board11.3yrsno datano data
Jason Flom
Member of Advisory Board9.4yrsno datano data
Paul Fisher
Member of Advisory Board11.3yrsno datano data
Richard Perry
Member of Advisory Board0yrsno datano data
Diane Warren
Member of Advisory Board0yrsno datano data
Sheila Jaffe
Member of Advisory Board0yrsno datano data

6.8yrs

Average Tenure

58.5yo

Average Age

Experienced Board: AFTM's board of directors are considered experienced (6.8 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 48.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: AfterMaster, Inc.
  • Ticker: AFTM
  • Exchange: OTCPK
  • Founded: 1988
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: US$396.350k
  • Shares outstanding: 396.35m
  • Website: https://www.aftermaster.com

Number of Employees


Location

  • AfterMaster, Inc.
  • 7825 East Gelding Drive
  • Suite 101
  • Scottsdale
  • Arizona
  • 85260
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFTMOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2002

Biography

AfterMaster, Inc., together with its subsidiaries, operates as an audio technology company in the United States. It develops and commercializes proprietary audio and video technologies for professional and consumer use. The company offers AfterMaster audio, a mastering, remastering, and audio processing technology that makes various audio source sounds louder, fuller, deeper, and clearer; ProMaster, an online music mastering, streaming, and storage service designed for independent artists; and Aftermaster Pro, a personal audio re-mastering device. It also provides Aftermaster Studio Pro products for use in commercial audio applications; and MyStudio products. In addition, AfterMaster, Inc. operates six recording and mastering studios. The company was formerly known as Studio One Media, Inc. and changed its name to AfterMaster, Inc. in September 2015. AfterMaster, Inc. was incorporated in 1988 and is based in Scottsdale, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:18
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


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.