OTCPK:HTTT.F

Stock Analysis Report

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Executive Summary

HIT Technologies Inc. develops, manufactures, and sells accessories for mobile devices in Canada, the United States, and internationally.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

HTTT.F

7.1%

US Consumer Durables

2.5%

US Market


1 Year Return

n/a

HTTT.F

9.6%

US Consumer Durables

8.4%

US Market

Return vs Industry: Insufficient data to determine how HTTT.F performed against the US Consumer Durables industry.

Return vs Market: Insufficient data to determine how HTTT.F performed against the US Market.


Shareholder returns

HTTT.FIndustryMarket
7 Day0%7.1%2.5%
30 Dayn/a15.4%5.1%
90 Dayn/a-3.1%2.0%
1 Yearn/a10.9%9.6%10.9%8.4%
3 Year-72.4%-72.4%-2.1%-6.5%30.5%21.9%
5 Yearn/a10.8%4.1%56.9%39.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


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

Future Growth

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

11.1%

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 HIT 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

  • Take a look at our analysis of HTTT.F’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 HIT Technologies's filings and announcements here.
  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has HIT Technologies performed over the past 5 years?

31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTTT.F is currently unprofitable.

Growing Profit Margin: HTTT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HTTT.F is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.

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

Earnings vs Industry: HTTT.F is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (10.1%).


Return on Equity

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


Next Steps

Financial Health

How is HIT Technologies's financial position?


Financial Position Analysis

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

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

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


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

Forecast Cash Runway: HTTT.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 19.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

Growing Dividend: Insufficient data to determine if HTTT.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 HTTT.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?

0.6yrs

Average board tenure


CEO

Brooks Bergreen (40yo)

4.92yrs

Tenure

CA$91,667

Compensation

Mr. Brooks A. Bergreen is the Founder of HIT Technologies Inc. Mr. Bergreen has been the Chief Executive Officer and President of HIT Technologies, Inc. since June 10, 2015. Mr. Bergreen is an adventurer a ...


CEO Compensation Analysis

Compensation vs Market: Brooks's total compensation ($USD66.40K) is below average for companies of similar size in the US market ($USD594.79K).

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


Board Members

NamePositionTenureCompensationOwnership
Brooks Bergreen
Founder4.92yrsCA$91.67kno data
Alexander McAulay
CFO & Director0.33yrno datano data
Bradley Hoeppner
Director0.42yrno datano data
Mark Tommasi
Director0.75yrno datano data

0.6yrs

Average Tenure

Experienced Board: HTTT.F's board of directors are not considered experienced ( 0.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: HIT Technologies Inc.
  • Ticker: HTTT.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: CA$485.956k
  • Listing Market Cap: CA$352.756k
  • Shares outstanding: 97.19m
  • Website: https://www.hitcase.com

Number of Employees


Location

  • HIT Technologies Inc.
  • 2050 Scotia Street
  • Suite 105
  • Vancouver
  • British Columbia
  • V5T 4T1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HITTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2015
HTTT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2015

Biography

HIT Technologies Inc. develops, manufactures, and sells accessories for mobile devices in Canada, the United States, and internationally. The company offers HITCASE PRO, a mountable, waterproof, shockproof, and dustproof casing; HITCASE SHIELD LINK, a waterproof and shockproof casing; HITCASE SPLASH, a tough Polycarbonate and TPU protection; HITCASE ENDURO, a two piece and minimalist profile dust and dirt resistant protection; HITCASE CRIO, a minimalist and slim form factor case; HITCASE FERRA, a slim and ultralight case with leatherwork styling; HITCASE JEL, a silicone case that provides unmatched drop protection; TrueLux lenses, a line of detachable lenses for the PRO that adds clarity and increases the field of view with wide-angle, super wide-angle, and macro lenses; and Mounts, a full line of mounting accessories. It also sells its products through online. The company is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 05:39
End of Day Share Price2020/05/06 00:00
Earnings2019/12/31
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.