OTCPK:HDSL.F

Stock Analysis Report

Executive Summary

HealthSpace Data Systems Ltd. develops and sells information and communication management systems for health inspection departments of federal, provincial, state, and municipal governments in Canada and the United States.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.

Risks

  • HealthSpace Data Systems has significant price volatility in the past 3 months.
  • HealthSpace Data Systems is not covered by any analysts.

Similar Companies

Share Price & News

How has HealthSpace Data Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-15.3%

HDSL.F

0.9%

US Healthcare Services

-0.2%

US Market


1 Year Return

-29.4%

HDSL.F

8.7%

US Healthcare Services

1.1%

US Market

HDSL.F underperformed the Healthcare Services industry which returned 8.6% over the past year.

HDSL.F underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

HDSL.FIndustryMarket
7 Day-15.3%0.9%-0.2%
30 Day-13.2%-5.2%2.5%
90 Day-31.9%-5.5%1.6%
1 Year-29.4%-29.4%8.8%8.7%3.4%1.1%
3 Yearn/a49.7%49.4%45.2%35.8%
5 Yearn/a50.3%49.4%62.6%44.8%

Price Volatility Vs. Market

How volatile is HealthSpace Data Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is HealthSpace Data Systems undervalued based on future cash flows and its price relative to the stock market?

2.13x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for HealthSpace Data Systems to establish if it is available at moderate discount.

Unable to calculate intrinsic value for HealthSpace Data Systems to establish if it is available at substantial discount.


Price Based on Earnings

HealthSpace Data Systems is loss making, we can't compare its value to the US Healthcare Services industry average.

HealthSpace Data Systems is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for HealthSpace Data Systems, we can't assess if its growth is good value.


Price Based on Value of Assets

HealthSpace Data Systems is good value based on assets compared to the US Healthcare Services industry average.


Next Steps

Future Growth

How is HealthSpace Data Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.6%

Forecasted Healthcare 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 HealthSpace Data Systems 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 HDSL.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 HealthSpace Data Systems's filings and announcements here.
  • Explore growth companies in the Healthcare industry.

Past Performance

How has HealthSpace Data Systems performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

HealthSpace Data Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare HealthSpace Data Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare HealthSpace Data Systems's 1-year growth to the US Healthcare Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if HealthSpace Data Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if HealthSpace Data Systems has efficiently used its assets last year compared to the US Healthcare Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if HealthSpace Data Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is HealthSpace Data Systems's financial position?


Financial Position Analysis

HealthSpace Data Systems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

HealthSpace Data Systems's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

HealthSpace Data Systems's level of debt (34.9%) compared to net worth is satisfactory (less than 40%).

HealthSpace Data Systems had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


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.

HealthSpace Data Systems has less than a year of cash runway based on current free cash flow.

HealthSpace Data Systems has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31.6% each year.


Next Steps

Dividend

What is HealthSpace Data Systems's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate HealthSpace Data Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate HealthSpace Data Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as HealthSpace Data Systems has not reported any payouts.

Unable to verify if HealthSpace Data Systems's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as HealthSpace Data Systems 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.


Next Steps

Management

What is the CEO of HealthSpace Data Systems's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Silas Garrison 0

1yrs

Tenure

US$112,500

Compensation

Mr. Silas Garrison has been the Chief Executive Officer and Director of HealthSpace Data Systems Ltd. since September 2018 and May 03, 2016 respectively. Mr. Garrison is the Co-founder of iGov Data Solutio ...


CEO Compensation Analysis

Silas's remuneration is lower than average for companies of similar size in United States of America.

Silas's compensation has increased whilst company is loss making.


Management Age and Tenure

2.8yrs

Average Tenure

49yo

Average Age

The tenure for the HealthSpace Data Systems management team is about average.


Board Age and Tenure

2.8yrs

Average Tenure

48yo

Average Age

The average tenure for the HealthSpace Data Systems board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Warwick Smith (42yo)

    Member of Advisory Board

    • Tenure: 2.8yrs
    • Compensation: US$56.00k
  • Zula Kropivnitski (56yo)

    Chief Financial Officer

    • Tenure: 2.8yrs
  • Ali Hakimzadeh (49yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$110.00k
  • Joseph Willmott

    President & Director

    • Tenure: 4.3yrs
    • Compensation: US$129.00k
  • Sheryl Dhillon

    Corporate Secretary

    • Tenure: 3.4yrs
  • Maureen Garrison

    Chief Operating Officer

    • Tenure: 3.4yrs
  • Silas Garrison

    CEO & Director

    • Tenure: 1yrs
    • Compensation: US$112.50k
  • Theo Yeung

    Vice President of Sales & Growth

    • Tenure: 0.7yrs

Board Members

  • Warwick Smith (42yo)

    Member of Advisory Board

    • Tenure: 2.8yrs
    • Compensation: US$56.00k
  • George Moen (63yo)

    Chair of the Advisory Board

    • Tenure: 2.7yrs
  • Alnesh Mohan (47yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$500.00
  • Ali Hakimzadeh (49yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$110.00k
  • Joseph Willmott

    President & Director

    • Tenure: 4.3yrs
    • Compensation: US$129.00k
  • Nicholas Jeffery

    Member of Advisory Board

    • Tenure: 0.8yrs
  • Silas Garrison

    CEO & Director

    • Tenure: 1yrs
    • Compensation: US$112.50k
  • Mark Redcliffe

    Director

    • Tenure: 1.2yrs
    • Compensation: US$500.00
  • Matthew Eierman

    Member of the Advisory Board

    • Tenure: 0.8yrs
  • Atul Jain

    Member of Advisory Board

    • Tenure: 0yrs

Company Information

HealthSpace Data Systems Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HealthSpace Data Systems Ltd.
  • Ticker: HDSL.F
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: CA$4.938m
  • Listing Market Cap: CA$3.725m
  • Shares outstanding: 141.07m
  • Website: https://www.healthspace.com

Number of Employees


Location

  • HealthSpace Data Systems Ltd.
  • 7491 Vedder Road
  • Suite 201
  • Chilliwack
  • British Columbia
  • V2R 6E7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HSCNSX (Canadian National Stock Exchange)YesNew Common SharesCACADNov 2015
38HDB (Deutsche Boerse AG)YesNew Common SharesDEEURNov 2015
HDSL.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDNov 2015

Biography

HealthSpace Data Systems Ltd. develops and sells information and communication management systems for health inspection departments of federal, provincial, state, and municipal governments in Canada and th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:25
End of Day Share Price2019/09/19 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.