OTCPK:LTRE

Stock Analysis Report

Executive Summary

Learning Tree International, Inc., together with its subsidiaries, develops, markets, and delivers a library of instructor-led classroom courses for professional development needs of information technology (IT) professionals and managers worldwide.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Learning Tree International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LTRE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LTRE

1.1%

US Consumer Services

-1.1%

US Market


1 Year Return

210.0%

LTRE

30.5%

US Consumer Services

17.9%

US Market

Return vs Industry: LTRE exceeded the US Consumer Services industry which returned 30.5% over the past year.

Return vs Market: LTRE exceeded the US Market which returned 17.9% over the past year.


Shareholder returns

LTREIndustryMarket
7 Day0%1.1%-1.1%
30 Day72.2%10.4%1.4%
90 Dayn/a18.7%6.9%
1 Year210.0%210.0%30.8%30.5%20.3%17.9%
3 Year-66.9%-66.9%123.9%113.4%47.8%38.3%
5 Year-57.4%-57.4%196.7%162.5%71.9%53.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Learning Tree International undervalued compared to its fair value and its price relative to the market?


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

Future Growth

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

42.8%

Forecasted Consumer 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 Learning Tree International 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 LTRE’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 Learning Tree International's filings and announcements here.
  • Explore growth companies in the Consumer Services industry.

Past Performance

How has Learning Tree International performed over the past 5 years?

5.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: LTRE is currently unprofitable.

Growing Profit Margin: LTRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if LTRE's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: LTRE is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (20.1%).


Return on Equity

High ROE: LTRE'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 Learning Tree International's financial position?


Financial Position Analysis

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

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

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


Balance Sheet

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

Debt Coverage by Assets: LTRE 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: Insufficient data to determine if LTRE has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if LTRE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Learning Tree International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.0yrs

Average management tenure


CEO

Richard Spires (57yo)

4.3yrs

Tenure

US$511,416

Compensation

Mr. Richard A. Spires has been the Chief Executive Officer of Learning Tree International, Inc. since October 07, 2015 and Learning Tree International Ltd., since December 2015. Mr. Spires has been the Chi ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD511.42K) is about average for companies of similar size in the US market ($USD522.48K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Richard Spires
CEO & Director4.3yrsUS$511.42kno data
David Asai
Chief Financial Officer6.8yrsUS$322.31kno data
Magnus Nylund
Chief Operating Officer3.6yrsUS$324.54k0.096% $9.8k
Mary Collins
Consultant8.1yrsno datano data
Tim Vatne
Chief Information Officer0.9yrsno datano data
Mary Adams
Assistant Secretary0yrsUS$488.57kno data
Max Shevitz
3.1yrsUS$350.16kno data

4.0yrs

Average Tenure

63yo

Average Age

Experienced Management: LTRE's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Spires
CEO & Director4.3yrsUS$511.42kno data
Richard Surratt
Independent Director2.3yrsUS$77.00kno data
Kevin Gruneich
Chairman1.7yrsUS$16.00k1.08% $110.7k
Jamie Candee
Independent Director1.6yrsUS$13.00kno data
Sarah Fisher Gardial
Independent Director1.6yrsUS$13.00kno data

1.7yrs

Average Tenure

58yo

Average Age

Experienced Board: LTRE's board of directors are not considered experienced ( 1.7 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

Learning Tree International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Learning Tree International, Inc.
  • Ticker: LTRE
  • Exchange: OTCPK
  • Founded: 1974
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: US$10.249m
  • Shares outstanding: 13.22m
  • Website: https://www.learningtree.com

Number of Employees


Location

  • Learning Tree International, Inc.
  • 13650 Dulles Technology Drive
  • Suite 400
  • Herndon
  • Virginia
  • 20171
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTREOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1995

Biography

Learning Tree International, Inc., together with its subsidiaries, develops, markets, and delivers a library of instructor-led classroom courses for professional development needs of information technology (IT) professionals and managers worldwide. It offers education and training courses across a range of technical and management disciplines, such as operating systems, databases, computer networks, cyber and network security, Web development, programming languages, software engineering, open source applications, project management, business skills, leadership, and professional development. The company also provides courses through its proprietary live online learning platform, Learning Tree AnyWare that allow individuals at any location to participate online in instructor-led classes conducted live in its Education Centers, at customer locations, or at other facilities; and workforce optimization solutions to support an IT organization’s life-cycle of workforce development needs. As of September 29, 2018, its library of instructor-led courses comprised 299 instructor-led course titles, including 181 multi-day IT course titles, 82 multi-day management course titles, and 36 one-day course titles. The company markets and sells its course offerings through direct and electronic mail, telemarketing, and field sales channels. It serves national and multinational companies, government organizations, and small and medium-size companies. The company was founded in 1974 and is headquartered in Herndon, Virginia. Learning Tree International, Inc. is a subsidiary of The Kevin Ross Gruneich Legacy Trust. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:36
End of Day Share Price2020/02/03 00:00
Earnings2018/09/28
Annual Earnings2018/09/28


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.