OTCPK:ABSS.F

Stock Analysis Report

Executive Summary

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States.

Snowflake

Fundamentals

Very undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has AirBoss of America's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.0%

OTCPK:ABSS.F

0.2%

US Chemicals

2.1%

US Market


1 Year Return

-34.6%

OTCPK:ABSS.F

-16.1%

US Chemicals

-0.04%

US Market

ABSS.F underperformed the Chemicals industry which returned -15.1% over the past year.

ABSS.F underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

ABSS.FIndustryMarket
7 Day-7.0%0.2%2.1%
30 Day-8.8%-6.7%-3.2%
90 Day-11.3%-1.4%2.8%
1 Year-32.5%-34.6%-2.7%-16.1%2.2%-0.04%
3 Year-40.8%-45.2%33.7%9.1%41.5%32.3%
5 Year-24.7%-32.3%29.8%1.4%55.0%37.8%

Price Volatility Vs. Market

How volatile is AirBoss of America's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AirBoss of America undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AirBoss of America's share price is below the future cash flow value, and at a moderate discount (> 20%).

AirBoss of America's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

AirBoss of America is good value based on earnings compared to the US Chemicals industry average.

AirBoss of America is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

AirBoss of America is good value based on expected growth next year.


Price Based on Value of Assets

AirBoss of America is good value based on assets compared to the US Chemicals industry average.


Next Steps

Future Growth

How is AirBoss of America expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AirBoss of America's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

AirBoss of America's earnings are expected to grow significantly at over 20% yearly.

AirBoss of America's revenue growth is positive but not above the United States of America market average.

AirBoss of America's earnings growth is expected to exceed the United States of America market average.

AirBoss of America's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AirBoss of America will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has AirBoss of America performed over the past 5 years?

-4.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AirBoss of America's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

AirBoss of America's 1-year earnings growth is negative, it can't be compared to the 5-year average.

AirBoss of America's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.


Return on Equity

AirBoss of America has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AirBoss of America used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

AirBoss of America's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is AirBoss of America's financial position?


Financial Position Analysis

AirBoss of America is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AirBoss of America's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AirBoss of America's level of debt (49.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (63.9% vs 49.4% today).

Debt is well covered by operating cash flow (29%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x debt.


Next Steps

Dividend

What is AirBoss of America's current dividend yield, its reliability and sustainability?

3.81%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase AirBoss of America before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

AirBoss of America's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

AirBoss of America's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

What is the CEO of AirBoss of America's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Gren Schoch 0

0.0yrs

Tenure

US$512,494

Compensation

Mr. Peter Grenville Schoch, also known as Gren, serves as Chief Executive Officer of AirBoss of America Corp. Mr. Grenville worked for ScAmerica Corp. since November 2013. Mr. Schoch has been the Chairman  ...


CEO Compensation Analysis

Gren's remuneration is about average for companies of similar size in United States of America.

Gren's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.8yrs

Average Tenure

The tenure for the AirBoss of America management team is about average.


Board Age and Tenure

13.3yrs

Average Tenure

The average tenure for the AirBoss of America board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by AirBoss of America individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$31,18602 Jul 19
Peter Schoch
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares5,000
Max PriceUS$6.24
BuyUS$70,55702 Jul 19
Andrea Weinkove
EntityIndividual
Shares11,000
Max PriceUS$6.41
BuyUS$224,49902 Jul 19
Slawomir Figel
EntityIndividual
Shares35,000
Max PriceUS$6.41
BuyUS$70,55702 Jul 19
Chris Bitsakakis
EntityIndividual
Role
President
COO & President
Shares11,000
Max PriceUS$6.41
SellUS$23,63216 May 19
Mary Matthews
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,100
Max PriceUS$7.66
BuyUS$1,402,04228 Aug 18
James Flatt
EntityIndividual
Shares148,600
Max PriceUS$9.44

Ownership Breakdown


Management Team

  • Daniel Gagnon

    Chief Financial Officer

    • Tenure: 3.2yrs
    • Compensation: US$320.32k
  • Gren Schoch

    Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: US$512.49k
  • Bradley Berghouse

    President of AirBoss Flexible Products Co

    • Tenure: 2.8yrs
  • Chris Bitsakakis

    COO & President

    • Tenure: 0.2yrs
    • Compensation: US$578.84k
  • Chris Figel

    VP & Secretary

    • Tenure: 0.0yrs

Board Members

  • Anita Antenucci

    Director

    • Tenure: 0.0yrs
  • Bob Hagerman

    Director

    • Tenure: 29.8yrs
    • Compensation: US$55.57k
  • Robert McLeish

    Lead Director

    • Tenure: 3.4yrs
    • Compensation: US$71.39k
  • Lisa Swartzman (48yo)

    Vice Chairman

    • Tenure: 0.2yrs
    • Compensation: US$358.14k
  • Brian Robbins (72yo)

    Independent Director

    • Tenure: 22.2yrs
    • Compensation: US$63.67k
  • Gren Schoch

    Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: US$512.49k
  • David Campbell

    Member of Advisory Board

    • Tenure: 0.0yrs
    • Compensation: US$28.00k
  • Mary Matthews

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$59.81k
  • Alan James Watson

    Independent Director

    • Tenure: 11.9yrs
    • Compensation: US$55.57k

Company Information

AirBoss of America Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AirBoss of America Corp.
  • Ticker: ABSS.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CA$193.222m
  • Listing Market Cap: CA$145.241m
  • Shares outstanding: 23.39m
  • Website: https://www.airbossofamerica.com

Number of Employees


Location

  • AirBoss of America Corp.
  • 16441 Yonge Street
  • Newmarket
  • Ontario
  • L3X 2G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOSTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1989
ABSS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1989

Biography

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:25
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
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.