OTCPK:LBAS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Location Based Technologies, Inc. designs, develops, and sells commercial and consumer wearable global positioning system (GPS) tracking solutions based on worldwide GSM network. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LBAS is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 26% a week.

Volatility Over Time: LBAS's weekly volatility has decreased from 39% to 26% over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-9.4%

LBAS

1.4%

US Consumer Durables

-0.5%

US Market


1 Year Return

-4.0%

LBAS

20.8%

US Consumer Durables

18.3%

US Market

Return vs Industry: LBAS underperformed the US Consumer Durables industry which returned 22.2% over the past year.

Return vs Market: LBAS underperformed the US Market which returned 19.1% over the past year.


Shareholder returns

LBASIndustryMarket
7 Day-9.4%1.4%-0.5%
30 Day-22.6%1.5%3.6%
90 Day-31.4%4.4%5.6%
1 Year-4.0%-4.0%22.4%20.8%21.0%18.3%
3 Year60.0%60.0%18.4%14.1%45.2%35.6%
5 Year41.2%41.2%49.0%39.6%89.8%68.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Location Based 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 Location Based Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Location Based 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

Future Growth

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

21.3%

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 Location Based 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 Location Based Technologies performed over the past 5 years?

19.3%

Historical Consumer Durables annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Location Based Technologies has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Location Based Technologies's financial position?


In this section we usually analyse Location Based Technologies's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Location Based Technologies has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of LBAS’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.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Location Based Technologies's financial data was last updated here.
  • Explore more healthy companies in the Consumer Durables industry.

Dividend

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


Dividend Yield vs Market

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

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

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

9.1yrs

Average board tenure


CEO

Dave Morse (67 yo)

13.08yrs

Tenure

US$180,000

Compensation

Dr. David M. Morse, also known as Dave, PhD co-founded Location Based Technologies, Inc. in 2005 and has been its Chief Executive Officer and Co-President since October 8, 2007. Dr. Morse has 20 years of e...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD562.78K).

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


Board Members

NamePositionTenureCompensationOwnership
David Morse
Co-Founder13.08yrsUS$180.00kno data
Greggory Haugen
Independent Lead Director9.08yrsno datano data
Charles Smith
Director9.08yrsno datano data
Jeffrey Devlin
Director7.75yrsno datano data

9.1yrs

Average Tenure

70yo

Average Age

Experienced Board: LBAS's board of directors are considered experienced (9.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Location Based Technologies, Inc.
  • Ticker: LBAS
  • Exchange: OTCPK
  • Founded:
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$666.074k
  • Shares outstanding: 277.53m
  • Website: https://www.locationbasedtech.com

Number of Employees


Location

  • Location Based Technologies, Inc.
  • 7545 Irvine Center Drive
  • Suite 200
  • Irvine
  • California
  • 92618
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBASOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2007

Biography

Location Based Technologies, Inc. designs, develops, and sells commercial and consumer wearable global positioning system (GPS) tracking solutions based on worldwide GSM network. It offers consumer product...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:45
End of Day Share Price2020/11/23 00:00
Earnings2015/05/31
Annual Earnings2014/08/31


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.