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Learning Tree International

OTCPK:LTRE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTRE
OTCPK
$9M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

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. The last earnings update was 179 days ago. More info.


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  • Learning Tree International has significant price volatility in the past 3 months.
LTRE Share Price and Events
7 Day Returns
-15%
OTCPK:LTRE
1.4%
US Consumer Services
0.1%
US Market
1 Year Returns
-
OTCPK:LTRE
-2.7%
US Consumer Services
1.2%
US Market
LTRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Learning Tree International (LTRE) -15% 4.6% - - -43.3% -73.1%
US Consumer Services 1.4% 4.3% 7.9% -2.7% 106% 107.4%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • No trading data on LTRE.
  • No trading data on LTRE.
Price Volatility
LTRE
Industry
5yr Volatility vs Market

LTRE Value

 Is Learning Tree International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Learning Tree International. This is due to cash flow or dividend data being unavailable. The share price is $0.68.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Learning Tree International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Learning Tree International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LTRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-28) in USD $-0.16
OTCPK:LTRE Share Price ** OTCPK (2019-06-18) in USD $0.68
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 26.02x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Learning Tree International.

OTCPK:LTRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:LTRE Share Price ÷ EPS (both in USD)

= 0.68 ÷ -0.16

-4.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Learning Tree International is loss making, we can't compare its value to the US Consumer Services industry average.
  • Learning Tree International is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Learning Tree International's expected growth come at a high price?
Raw Data
OTCPK:LTRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Consumer Services Industry PEG Ratio Median Figure of 16 Publicly-Listed Consumer Services Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Learning Tree International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Learning Tree International's assets?
Raw Data
OTCPK:LTRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-28) in USD $-1.05
OTCPK:LTRE Share Price * OTCPK (2019-06-18) in USD $0.68
United States of America Consumer Services Industry PB Ratio Median Figure of 51 Publicly-Listed Consumer Services Companies 1.96x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
OTCPK:LTRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:LTRE Share Price ÷ Book Value per Share (both in USD)

= 0.68 ÷ -1.05

-0.65x

* Primary Listing of Learning Tree International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Learning Tree International has negative assets, we can't compare the value of its assets to the US Consumer Services industry average.

Next steps:

  1. 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.
  2. Show me more potentially undervalued companies in the Consumer Services industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Learning Tree International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Learning Tree International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LTRE Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.2%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Learning Tree International expected to grow at an attractive rate?
  • Unable to compare Learning Tree International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Learning Tree International's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Learning Tree International's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:LTRE Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 29.2%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:LTRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LTRE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-28 64 -2 -2
2018-06-29 67 -2 -1
2018-03-30 67 -1 -1
2017-12-29 69 -2 -1
2017-09-29 71 -3 -2
2017-06-30 73 -5 -6
2017-03-31 77 -6 -8
2016-12-30 80 -7 -11
2016-09-30 82 -9 -13
2016-07-01 86 -8 -10
2016-04-01 87 -11 -11
2016-01-01 91 -12 -11
2015-10-02 95 -10 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Learning Tree International is high growth as no earnings estimate data is available.
  • Unable to determine if Learning Tree International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:LTRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Learning Tree International Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LTRE Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-28 -0.16
2018-06-29 -0.07
2018-03-30 -0.11
2017-12-29 -0.11
2017-09-29 -0.16
2017-06-30 -0.44
2017-03-31 -0.59
2016-12-30 -0.82
2016-09-30 -0.96
2016-07-01 -0.74
2016-04-01 -0.85
2016-01-01 -0.81
2015-10-02 -0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Learning Tree International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Learning Tree International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. 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.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Learning Tree International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Learning Tree International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LTRE Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Learning Tree International's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Learning Tree International does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Learning Tree International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Learning Tree International's 1-year growth to the US Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
Learning Tree International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Learning Tree International Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LTRE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-28 64.32 -2.06 26.53 2.76
2018-06-29 66.63 -0.89 26.65 2.75
2018-03-30 66.83 -1.47 27.13 2.68
2017-12-29 69.31 -1.40 27.50 2.81
2017-09-29 70.66 -2.14 28.39 2.87
2017-06-30 72.72 -5.82 30.01 3.32
2017-03-31 77.39 -7.77 32.77 4.01
2016-12-30 80.01 -10.80 35.33 4.58
2016-09-30 81.59 -12.70 36.87 5.13
2016-07-01 85.52 -9.74 37.97 5.74
2016-04-01 87.15 -11.21 38.32 6.96
2016-01-01 90.62 -10.72 39.46 7.75
2015-10-02 94.88 -9.81 40.62 8.15
2015-07-03 99.30 -3.70 42.57 8.22
2015-04-03 102.31 -2.35 45.00 7.46
2015-01-02 103.35 -1.38 44.47 7.08
2014-10-03 107.06 -0.02 44.55 7.23
2014-06-27 104.64 -9.07 47.78 7.21
2014-03-28 107.88 -7.20 47.35 7.40
2014-01-03 111.63 -7.31 50.39 7.59
2013-09-27 116.81 -8.72 54.15 7.84
2013-06-28 121.27 -11.36 56.45 8.43
2013-03-29 125.35 -17.06 62.01 8.59
2012-12-28 127.36 -15.16 64.25 8.73
2012-09-28 129.05 -11.91 64.42 8.75
2012-06-29 131.25 -5.43 62.03 8.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Learning Tree International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Learning Tree International has efficiently used its assets last year compared to the US Consumer Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Learning Tree International improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Learning Tree International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Learning Tree International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LTRE Health

 How is Learning Tree International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Learning Tree International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Learning Tree International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Learning Tree International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Learning Tree International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Learning Tree International has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Learning Tree International Company Filings, last reported 8 months ago.

OTCPK:LTRE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-28 -13.92 2.57 4.73
2018-06-29 -14.15 2.64 4.77
2018-03-30 -13.67 0.94 3.95
2017-12-29 -11.36 1.01 5.14
2017-09-29 -11.82 0.91 5.08
2017-06-30 -13.42 0.40 5.10
2017-03-31 -12.77 0.35 5.33
2016-12-30 -10.55 0.39 7.22
2016-09-30 -9.79 0.47 8.54
2016-07-01 -7.55 0.00 9.06
2016-04-01 -4.65 0.05 10.77
2016-01-01 0.59 0.16 14.39
2015-10-02 3.05 0.33 17.94
2015-07-03 2.45 0.00 18.68
2015-04-03 6.48 0.00 22.33
2015-01-02 14.15 0.00 29.23
2014-10-03 15.80 0.96 29.88
2014-06-27 9.65 0.00 21.59
2014-03-28 12.07 0.00 23.33
2014-01-03 16.45 0.00 27.82
2013-09-27 15.66 0.00 26.58
2013-06-28 17.10 0.00 27.07
2013-03-29 18.36 0.00 26.32
2012-12-28 23.04 0.00 30.12
2012-09-28 24.51 0.00 31.92
2012-06-29 28.93 0.00 40.20
  • Learning Tree International has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Learning Tree International's debt level has increased considering it has negative shareholder equity.
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.

  • Learning Tree International has sufficient cash runway for 2.5 years based on current free cash flow.
  • Learning Tree International has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -68.4% each year.
X
Financial health checks
We assess Learning Tree International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Learning Tree International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LTRE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Learning Tree International dividends.
If you bought $2,000 of Learning Tree International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Learning Tree International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Learning Tree International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:LTRE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Learning Tree International has not reported any payouts.
  • Unable to verify if Learning Tree International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Learning Tree International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Learning Tree International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Learning Tree International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Learning Tree International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Learning Tree International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LTRE Management

 What is the CEO of Learning Tree International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Spires
COMPENSATION $511,416
AGE 56
TENURE AS CEO 3.7 years
CEO Bio

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 Chief Executive Officer of Resilient Network Systems, Inc. since December 2013 and serves as its Chairman. Previously, Mr. Spires served as the Chief Information Officer of U.S. Department of Homeland Security from August 2009 to May 2013. He served as a Senior Vice President of Commercial Sector at SRA Companies, Inc. He served as the President and Chief Operating Officer of Mantas, Inc. He has 30 years of experience in operations and information technology issues, working in both the private and public sectors. From 2007 to 2008, Mr. Spires served as the Deputy Commissioner for Operations Support for the Internal Revenue Service. Previously, he served as the Chief Information Officer of Internal Revenue Service, where he had oversight of its accountable for administering more than 200 million United States taxpayer records. He served as an Associate Chief Information Officer of Applications Development. He has more than 16 years at SRA International, Inc including served as its Systems and Software Engineer. He serves as a Member of the Advisory Board at Mortgage Harmony Corp. He has been a Director of Resilient Network Systems, Inc., since December 2013. He has been a Director of Acentia, LLC and Acentia since December 2014. He has been a Member of Government Advisory Board at CIENA Government Solutions, Inc. and Ciena Corporation since March 10, 2016 and March 7, 2016 respectively. He has been a Director at Learning Tree International, Inc. since December 13, 2013. He served as Director of Mantas, Inc., a software product vendor. He has been a Member of Public Sector Advisory Council at Palo Alto Networks, Inc. since February 12, 2015. Mr. Spires was named a Distinguished Alumnus of the University of Cincinnati's College of Engineering in 2006. He was also named to the FED 100 list for 2006, recognizing him as one of the 100 people who had the most influence in Federal Government information technology. Mr. Spires served as the Vice Chairman of the Federal Government CIO Council and as Co-Chairman of the Committee for National Security Systems (CNSS). He has won a number of awards, including the 2012 Fed 100 Government Executive Eagle Award and TechAmerica's 2012 Government Executive of the Year. Mr. Spires holds a BS in Electrical Engineering and a BA in Mathematical Sciences from the University of Cincinnati. He holds an MS in Electrical Engineering from the George Washington University.

CEO Compensation
  • Richard's compensation has increased whilst company is loss making.
  • Richard's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Learning Tree International management team in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the Learning Tree International management team is about average.
Management Team

Richard Spires

TITLE
CEO & Director
COMPENSATION
$511K
AGE
56
TENURE
3.7 yrs

David Asai

TITLE
Chief Financial Officer
COMPENSATION
$322K
AGE
62
TENURE
6.2 yrs

Magnus Nylund

TITLE
Chief Operating Officer
COMPENSATION
$325K
AGE
48
TENURE
2.9 yrs

Mary Collins

TITLE
Consultant
AGE
62
TENURE
7.4 yrs

Tim Vatne

TITLE
Chief Information Officer
TENURE
0.3 yrs

Mary Adams

TITLE
Assistant Secretary
COMPENSATION
$489K
AGE
62

Max Shevitz

TITLE
COMPENSATION
$350K
AGE
62
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Learning Tree International board of directors in years:

1
Average Tenure
57
Average Age
  • The average tenure for the Learning Tree International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kevin Gruneich

TITLE
Chairman
COMPENSATION
$16K
AGE
60
TENURE
1 yrs

Richard Spires

TITLE
CEO & Director
COMPENSATION
$511K
AGE
56
TENURE
5.5 yrs

Richard Surratt

TITLE
Director
COMPENSATION
$77K
AGE
57
TENURE
1.6 yrs

Jamie Candee

TITLE
Director
COMPENSATION
$13K
AGE
40
TENURE
0.9 yrs

Sarah Fisher Gardial

TITLE
Director
COMPENSATION
$13K
AGE
60
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Dec 18 Sell Milfam LLC Company 21. Dec 18 21. Dec 18 -89,500 $1.10 $-98,450
28. Dec 18 Buy Milfam LLC Company 21. Dec 18 21. Dec 18 44,750 $1.10 $49,225
02. Jul 18 Buy The Kevin Ross Gruneich Legacy Trust Company 29. Jun 18 29. Jun 18 7,495,332 $1.00 $7,495,332
02. Jul 18 Sell David C. And Mary C. Collins Family Trust Company 29. Jun 18 29. Jun 18 -3,768,479 $1.00 $-3,768,479
02. Jul 18 Sell Collins Charitable Remainder Unitrust No. 97-1 Company 29. Jun 18 29. Jun 18 -270,000 $1.00 $-270,000
02. Jul 18 Sell DCMA Holdings, LP Company 29. Jun 18 29. Jun 18 -1,368,767 $1.00 $-1,368,767
02. Jul 18 Sell Collins Family Foundation, Endowment Arm Company 29. Jun 18 29. Jun 18 -289,918 $1.00 $-289,918
02. Jul 18 Sell The Adventures in Learning Foundation, Endowment Arm Company 29. Jun 18 29. Jun 18 -238,323 $1.00 $-238,323
02. Jul 18 Sell David Collins Individual 29. Jun 18 29. Jun 18 -1,559,845 $1.00 $-1,559,845
X
Management checks
We assess Learning Tree International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Learning Tree International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LTRE News

Simply Wall St News

LTRE Company Info

Description

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.

Details
Name: Learning Tree International, Inc.
LTRE
Exchange: OTCPK
Founded: 1974
$8,992,557
13,224,349
Website: http://www.learningtree.com
Address: Learning Tree International, Inc.
13650 Dulles Technology Drive,
Suite 400,
Herndon,
Virginia, 20171,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK LTRE Common Stock Pink Sheets LLC US USD 06. Dec 1995
Number of employees
Current staff
Staff numbers
248
Learning Tree International employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:42
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2018/12/21
Last earnings reported: 2018/09/28
Last annual earnings reported: 2018/09/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.