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Prime Acquisition

OTCPK:PACQ.F
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PACQ.F
OTCPK
$952K
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Prime Acquisition Corp. owns and operates real estate properties in Italy. The last earnings update was 21 days ago. More info.


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PACQ.F Share Price and Events
7 Day Returns
0%
OTCPK:PACQ.F
-0.5%
US Real Estate
1.6%
US Market
1 Year Returns
-
OTCPK:PACQ.F
-16.7%
US Real Estate
2.6%
US Market
PACQ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prime Acquisition (PACQ.F) 0% 0% - - - -78.1%
US Real Estate -0.5% -7.4% -9.2% -16.7% 18.9% 2.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • No trading data on PACQ.F.
  • No trading data on PACQ.F.
Price Volatility
PACQ.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Prime Acquisition's competitors could be found in our database.

Value

 Is Prime Acquisition 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prime Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prime Acquisition.

OTCPK:PACQ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PACQ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 25%) (2479.96%))
14.879
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:PACQ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prime Acquisition is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PACQ.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 0.02 Est @ -16.72% 0.01
2020 0.01 Est @ -10.88% 0.01
2021 0.01 Est @ -6.8% 0.01
2022 0.01 Est @ -3.94% 0.01
2023 0.01 Est @ -1.94% 0.01
2024 0.01 Est @ -0.54% 0.01
2025 0.01 Est @ 0.44% 0.00
2026 0.01 Est @ 1.13% 0.00
2027 0.01 Est @ 1.61% 0.00
2028 0.01 Est @ 1.95% 0.00
Present value of next 10 years cash flows $0.07
OTCPK:PACQ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.01 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$0.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.11 ÷ (1 + 14.65%)10
$0.03
OTCPK:PACQ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.07 + $0.03
$0.09
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.09 / 1.90
$0.05
OTCPK:PACQ.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.05
Current discount Discount to share price of $0.50
= -1 x ($0.50 - $0.05) / $0.05
-923.1%

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

  • The current share price of Prime Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Prime Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prime Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PACQ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.53
OTCPK:PACQ.F Share Price ** OTCPK (2019-05-15) in USD $0.5
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of Prime Acquisition.

OTCPK:PACQ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:PACQ.F Share Price ÷ EPS (both in USD)

= 0.5 ÷ 0.53

0.94x

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

  • Prime Acquisition is good value based on earnings compared to the US Real Estate industry average.
  • Prime Acquisition is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Prime Acquisition's expected growth come at a high price?
Raw Data
OTCPK:PACQ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.94x
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 Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,123 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 Prime Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prime Acquisition's assets?
Raw Data
OTCPK:PACQ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-3.41
OTCPK:PACQ.F Share Price * OTCPK (2019-05-15) in USD $0.5
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:PACQ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:PACQ.F Share Price ÷ Book Value per Share (both in USD)

= 0.5 ÷ -3.41

-0.15x

* Primary Listing of Prime Acquisition.

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

  • Prime Acquisition has negative assets, we can't compare the value of its assets to the US Real Estate industry average.
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Value checks
We assess Prime Acquisition'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Prime Acquisition has a total score of 2/6, 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.

Future Performance

 How is Prime Acquisition 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 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 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
7.1%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prime Acquisition expected to grow at an attractive rate?
  • Unable to compare Prime Acquisition's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prime Acquisition's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Prime Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:PACQ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:PACQ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:PACQ.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 3 0 1
2017-12-31 3 1 -3
2017-09-30 3 1
2017-06-30 3 1
2017-03-31 3 0
2016-12-31 3 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prime Acquisition is high growth as no earnings estimate data is available.
  • Unable to determine if Prime Acquisition 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:PACQ.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prime Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PACQ.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.53
2017-12-31 -1.50
2017-09-30
2017-06-30
2017-03-31
2016-12-31 -0.17

*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 Prime Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Prime Acquisition'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 Real Estate 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 Prime Acquisition's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Prime Acquisition'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.
Prime Acquisition 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.

Past Performance

  How has Prime Acquisition 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 Prime Acquisition's growth in the last year to its industry (Real Estate).
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.
  • Prime Acquisition has delivered over 20% year on year earnings growth in the past 5 years.
  • Prime Acquisition has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Prime Acquisition has become profitable in the last year making it difficult to compare the US Real Estate industry average.
Earnings and Revenue History
Prime Acquisition'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 Prime Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PACQ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2.68 1.02
2017-12-31 2.94 -2.93 0.12
2017-09-30 2.95 0.84 0.37
2017-06-30 2.96 0.85 0.37
2017-03-31 3.04 0.14 0.37
2016-12-31 2.77 -0.34 0.37
2015-12-31 2.83 -6.11 0.27
2014-12-31 4.00 4.23 0.18
2013-12-31 0.99 -16.15 0.26
2013-09-30 0.76 -6.54 0.94
2013-06-30 -2.19 1.28
2013-03-31 -1.64 0.73
2012-12-31 -1.09 0.27
2012-09-30 -0.79 0.22
2012-06-30 -0.49 0.52

*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 Prime Acquisition has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Prime Acquisition used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Prime Acquisition has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Prime Acquisition'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 Real Estate 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.
Prime Acquisition has a total score of 3/6, 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.

Health

 How is Prime Acquisition'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 Prime Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prime Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Prime Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prime Acquisition'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.
  • Prime Acquisition 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 Prime Acquisition Company Filings, last reported 4 months ago.

OTCPK:PACQ.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -6.50 23.61 0.11
2017-12-31 -7.36 26.57 0.06
2017-09-30
2017-06-30
2017-03-31 -4.76 27.80 0.06
2016-12-31 -4.76 27.80 0.06
2015-12-31 -5.01 28.30 0.13
2014-12-31 1.78 34.17 0.17
2013-12-31 2.59 52.92 0.13
2013-09-30 7.60 52.92 0.13
2013-06-30 3.31 0.42 0.02
2013-03-31 3.31 0.42 0.02
2012-12-31 4.28 0.34 0.01
2012-09-30 4.28 0.06 0.01
2012-06-30 5.00 0.03 0.02
  • Prime Acquisition has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Prime Acquisition's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (0.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Prime Acquisition'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. Prime Acquisition has a total score of 0/6, 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.

Dividends

 What is Prime Acquisition'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 Prime Acquisition dividends.
If you bought $2,000 of Prime Acquisition 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 Prime Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prime Acquisition'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:PACQ.F 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 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 Prime Acquisition has not reported any payouts.
  • Unable to verify if Prime Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prime Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prime Acquisition 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.
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Income/ dividend checks
We assess Prime Acquisition'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 Prime Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prime Acquisition 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.

Management

 What is the CEO of Prime Acquisition'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
William Yu
COMPENSATION $0
AGE 56
TENURE AS CEO 5 years
CEO Bio

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 until September 30, 2013 and its Chief Financial Officer since February 24, 2010 until September 30, 2013. He served as the Principal Accounting Officer at Prime Acquisition Corp. He has been Managing Partner of Cansbridge Capital since July 2000. Mr. Yu has been a General Partner of the Shodan Company since February 2010. Mr. Yu served as the Chief Financial Officer of Spring Creek Acquisition Corp. since October 2007. He served as the Chief Financial Officer of AutoChina International Ltd. From October 2009 to January 2010, He served as Chief Financial Officer and Chief Operating Officer of Optoplex Corporation. From July 2006 to October 2008, he served as a special advisor to the Chief Executive Officer of Optoplex Corporation. From February 2002 to August 2003, he served as the Chief Financial Officer of Telos Technology Corp. Mr. Yu Co-founded Intrinsyc Software Inc., and served in various capacities including Chief Financial Officer, Executive Vice President and Chief Operating Officer from July 1996 to November 2002. From August 1994 to May 1996, he served as an Associate in the Asia Pacific corporate finance group of Marleau, Lemire Securities, Inc. From July 1991 to August 1994, he served as an Investment Portfolio Manager at Discovery Enterprises Inc. He previously worked with China-Canada Investment and Development and the Lawson Mardon Group. He has also served in various capacities with the Monte Jade Science and Technology Association, a non-profit organization supporting entrepreneurship and investment in technology companies in North America and Asia. He has been Director of Prime Acquisition Corp. since February 4, 2010. He served as a Director of Abebooks, Inc. from 2001 to 2008. Mr. Yu served as a director of Optoplex Corporation from April 2004 to January 2010. He served as a Director of Spring Creek Acquisition Corp. since October 2007. He served as a Director of Optoplex. He served as a Director of AutoChina International Ltd. until April 8, 2009. He served as Director of Intrinsyc Software Inc. from July 1996 to November 2002. Mr. Yu earned a BS in Mechanical Engineering with Honors and an MBA with Honors from Queen’s University in Canada.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year, both up more than 20%.
  • William's remuneration is lower than average for companies of similar size in United States of America.
Management Team

William Yu

TITLE
Interim CEO & Director
AGE
56
TENURE
5 yrs

Amy Lau

TITLE
Interim Chief Financial Officer
AGE
45
TENURE
5 yrs

Diana Liu

TITLE
Executive Chairman
COMPENSATION
$248K
AGE
54

Michela Del Molino

TITLE
General Manager of Administrations
Board of Directors

William Yu

TITLE
Interim CEO & Director
AGE
56
TENURE
9.3 yrs

Diana Liu

TITLE
Executive Chairman
COMPENSATION
$248K
AGE
54

George Kaufman

TITLE
Independent Director
COMPENSATION
$359K
AGE
43
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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Management checks
We assess Prime Acquisition'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. Prime Acquisition 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.

News

Simply Wall St News

Company Info

Description

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

Details
Name: Prime Acquisition Corp.
PACQ.F
Exchange: OTCPK
Founded: 2010
$951,861
1,903,723
Website: http://ir.primeacq.com
Address: Prime Acquisition Corp.
No. 322, Zhongshan East Road,
Shijiazhuang,
Hebei Province, 050011,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK PACQ.F Ordinary Shares Pink Sheets LLC US USD 08. Jun 2011
Number of employees
Current staff
Staff numbers
3
Prime Acquisition employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:24
End of day share price update: 2019/05/15 00:00
Last earnings filing: 2019/05/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.