NasdaqCM:BWMC

Stock Analysis Report

Executive Summary

Atlas Technical Consultants, Inc. provides professional testing, inspection engineering, and consulting services for public and private sector clients.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.3%

BWMC

-4.2%

US Capital Markets

-4.2%

US Market


1 Year Return

3.7%

BWMC

12.0%

US Capital Markets

14.0%

US Market

Return vs Industry: BWMC underperformed the US Capital Markets industry which returned 17.8% over the past year.

Return vs Market: BWMC underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

BWMCIndustryMarket
7 Day-3.3%-4.2%-4.2%
30 Day-1.0%-2.1%-1.8%
90 Day-0.4%1.1%2.6%
1 Year3.7%3.7%14.3%12.0%16.3%14.0%
3 Yearn/a35.2%27.6%43.2%34.0%
5 Yearn/a74.5%58.3%65.9%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BWMC ($10.08) is trading above our estimate of fair value ($3.05)

Significantly Below Fair Value: BWMC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BWMC is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: BWMC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BWMC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BWMC is overvalued based on its PB Ratio (12.9x) compared to the US Capital Markets industry average (6.6x).


Next Steps

Future Growth

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

8.7%

Forecasted Diversified Financials 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 Boxwood Merger 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 Boxwood Merger performed over the past 5 years?

-1382.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BWMC is currently unprofitable.

Growing Profit Margin: BWMC is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: BWMC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: BWMC has a negative Return on Equity (41.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Boxwood Merger's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BWMC's debt is 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: BWMC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BWMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -130.9% each year


Financial Institutions Analysis

Asset Level: BWMC's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if BWMC has a sufficient allowance for bad loans.

Low Risk Liabilities: BWMC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if BWMC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BWMC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if BWMC has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

0.08yrs

Average board tenure


CEO

Steve Kadenacy (50yo)

1.5yrs

Tenure

0

Mr. Stephen M. Kadenacy, also known as Steve, has been President, Chief Executive Officer and Chairman of the Board at Boxwood Merger Corp. since August 2018. Mr. Kadenacy served as the President of AECOM  ...


Board Members

NamePositionTenureCompensationOwnership
Stephen Kadenacy
Chairman of the Board1.5yrsno datano data
Duncan Murdoch
Chief Investment Officer & Director0yrsno datano data
Joseph Reece
Independent Director1.3yrsno datano data
George Bevan
Independent Director0.08yrsno datano data
Brian Ferraioli
Director0yrsno datano data
Daniel Weiss
Independent Director0.08yrsno datano data
R. Duncan
Independent Director0.08yrsno datano data
L. Boyer
Director0yrsno datano data
Jeffrey Jenkins
Director0yrsno datano data
Leonard Lemoine
Director0yrsno datano data

0.08yrs

Average Tenure

56yo

Average Age

Experienced Board: BWMC's board of directors are not considered experienced ( 0.1 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

Atlas Technical Consultants, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Technical Consultants, Inc.
  • Ticker: BWMC
  • Exchange: NasdaqCM
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$299.652m
  • Market Cap: US$75.755m
  • Shares outstanding: 29.74m
  • Website: https://www.oneatlas.com

Location

  • Atlas Technical Consultants, Inc.
  • 1112 Montana Avenue
  • Suite 901
  • Santa Monica
  • California
  • 90403
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWMC.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDNov 2018
BWMCNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDJan 2019
ATCXNasdaqCM (Nasdaq Capital Market)Cl AUSUSDSep 2019

Biography

Boxwood Merger Corp. does not have significant operations. It intends to target, identify, and complete its initial business combination with a company that offers technical and industrial services in a range of industries. The company was founded in 2017 and is based in Santa Monica, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:51
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.