OTCPK:PACQ.F

Stock Analysis Report

Executive Summary

Prime Acquisition Corp. owns and operates real estate properties in Italy.


Snowflake Analysis

Slightly overvalued with questionable track record.

Share Price & News

How has Prime Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

PACQ.F

-10.1%

US Real Estate

-7.6%

US Market


1 Year Return

n/a

PACQ.F

0.5%

US Real Estate

10.2%

US Market

Return vs Industry: Insufficient data to determine how PACQ.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how PACQ.F performed against the US Market.


Shareholder returns

PACQ.FIndustryMarket
7 Day0%-10.1%-7.6%
30 Day0%-7.8%-4.5%
90 Dayn/a-2.8%-0.6%
1 Yearn/a1.2%0.5%12.5%10.2%
3 Yearn/a15.7%12.9%37.1%28.3%
5 Year-86.7%-86.7%6.1%2.6%60.8%43.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Prime Acquisition undervalued compared to its fair value and its price relative to the market?

0.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PACQ.F ($0.3) is trading above our estimate of fair value ($0.01)

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


Price To Earnings Ratio

PE vs Industry: PACQ.F is good value based on its PE Ratio (0.6x) compared to the Real Estate industry average (21.5x).

PE vs Market: PACQ.F is good value based on its PE Ratio (0.6x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PACQ.F has negative assets, so we can't compare its PB Ratio to the US Real Estate industry average.


Next Steps

Future Growth

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

17.6%

Forecasted Real Estate 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 Prime Acquisition 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 PACQ.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 Prime Acquisition's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Prime Acquisition performed over the past 5 years?

-8.7%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: PACQ.F has a high level of non-cash earnings.

Growing Profit Margin: PACQ.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PACQ.F has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: PACQ.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PACQ.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-31.1%).


Return on Equity

High ROE: PACQ.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Prime Acquisition's financial position?


Financial Position Analysis

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

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

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


Balance Sheet

Inventory Level: PACQ.F has a high level of physical assets or inventory.

Debt Coverage by Assets: PACQ.F 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: PACQ.F is profitable, therefore cash runway is not a concern.

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


Next Steps

Dividend

What is Prime Acquisition's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PACQ.F'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 PACQ.F'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?


CEO

William Yu (57yo)

5.8yrs

Tenure

Mr. Tsu-Cheng Yu, also known as William, has been Interim Chief Executive Officer of Prime Acquisition Corp. since May 8, 2014. Mr. Yu served as the President of Prime Acquisition Corp. since April 2010 un ...


CEO Compensation Analysis

Compensation vs Market: William's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD524.26K).

Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.


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

Prime Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prime Acquisition Corp.
  • Ticker: PACQ.F
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$571.116k
  • Shares outstanding: 1.90m
  • Website: https://ir.primeacq.com

Number of Employees


Location

  • Prime Acquisition Corp.
  • No. 322, Zhongshan East Road
  • Shijiazhuang
  • Hebei Province
  • 50011
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PACQ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2011

Biography

Prime Acquisition Corp. owns and operates real estate properties in Italy. The company property portfolio comprises office, logistics, commercial, and industrial real estate assets located in the Milan metropolitan area. Prime Acquisition Corp. was founded in 2010 and is based in Shijiazhuang, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 02:12
End of Day Share Price2019/12/23 00:00
Earnings2018/12/31
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.