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Adacel Technologies

OTCPK:AELT.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AELT.F
OTCPK
A$63M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Adacel Technologies Limited develops and sells simulation and software applications and services for the civil and military aerospace sectors in the United States, Canada, and Australia. The last earnings update was 20 days ago. More info.


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AELT.F Share Price and Events
7 Day Returns
0%
OTCPK:AELT.F
2.4%
US Software
1.2%
US Market
1 Year Returns
-66.7%
OTCPK:AELT.F
25.6%
US Software
3%
US Market
AELT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adacel Technologies (AELT.F) 0% 1.8% - -66.7% -62.7% -
US Software 2.4% 5.5% 19.8% 25.6% 110.4% 139.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • AELT.F underperformed the Software industry which returned 25.6% over the past year.
  • AELT.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
AELT.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Adacel Technologies 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 Adacel Technologies 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 Adacel Technologies.

OTCPK:AELT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:AELT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 30%) (2.75%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.109 * 5.96%)
9.34%

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

The calculations below outline how an intrinsic value for Adacel Technologies 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:AELT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 9.34%)
2019 2.64 Est @ -19.22% 2.41
2020 2.30 Est @ -12.63% 1.93
2021 2.12 Est @ -8.03% 1.62
2022 2.02 Est @ -4.8% 1.41
2023 1.97 Est @ -2.54% 1.26
2024 1.95 Est @ -0.96% 1.14
2025 1.95 Est @ 0.15% 1.04
2026 1.97 Est @ 0.92% 0.96
2027 2.00 Est @ 1.46% 0.89
2028 2.03 Est @ 1.84% 0.83
Present value of next 10 years cash flows A$13.51
OTCPK:AELT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$2.03 × (1 + 2.73%) ÷ (9.34% – 2.73%)
A$31.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$31.62 ÷ (1 + 9.34%)10
A$12.95
OTCPK:AELT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$13.51 + A$12.95
A$26.46
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$26.46 / 76.60
A$0.35
OTCPK:AELT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AELT.F represents 0.68292x of ASX:ADA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.68292x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.35 x 0.68292
$0.24
Value per share (USD) From above. $0.24
Current discount Discount to share price of $0.56
= -1 x ($0.56 - $0.24) / $0.24
-137.4%

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

  • The current share price of Adacel Technologies 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 Adacel Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adacel Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AELT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.08
ASX:ADA Share Price ** ASX (2019-03-01) in AUD A$0.82
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.03x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Adacel Technologies.

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

= ASX:ADA Share Price ÷ EPS (both in AUD)

= 0.82 ÷ 0.08

9.87x

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

  • Adacel Technologies is good value based on earnings compared to the US Software industry average.
  • Adacel Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Adacel Technologies's expected growth come at a high price?
Raw Data
OTCPK:AELT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-11.2%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Adacel Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adacel Technologies's assets?
Raw Data
OTCPK:AELT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.23
ASX:ADA Share Price * ASX (2019-03-01) in AUD A$0.82
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:AELT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ADA Share Price ÷ Book Value per Share (both in AUD)

= 0.82 ÷ 0.23

3.64x

* Primary Listing of Adacel Technologies.

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

  • Adacel Technologies is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Adacel Technologies'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Adacel Technologies has a total score of 3/6, 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 Adacel Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Adacel Technologies, future earnings growth has been estimated based on fundamentals.
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
-11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adacel Technologies expected to grow at an attractive rate?
  • Adacel Technologies's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Adacel Technologies's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Adacel Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AELT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AELT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -11.2%
OTCPK:AELT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.6%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:AELT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AELT.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 56 9 1
2020-06-30 53 8 1
2019-06-30 50 8 1
OTCPK:AELT.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 51 4 6
2018-09-30 52 6 7
2018-06-30 53 9 8
2018-03-31 50 8 9
2017-12-31 48 7 9
2017-09-30 45 6 9
2017-06-30 42 5 9
2017-03-31 43 6 8
2016-12-31 43 7 7
2016-09-30 46 9 8
2016-06-30 48 11 9
2016-03-31 49 9 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adacel Technologies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Adacel Technologies's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
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:AELT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Adacel Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AELT.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
OTCPK:AELT.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.08
2018-09-30 0.09
2018-06-30 0.11
2018-03-31 0.11
2017-12-31 0.11
2017-09-30 0.12
2017-06-30 0.12
2017-03-31 0.10
2016-12-31 0.09
2016-09-30 0.10
2016-06-30 0.12
2016-03-31 0.11

*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.
  • Adacel Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Adacel Technologies'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.
Adacel Technologies has a total score of 1/6, 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 Adacel Technologies 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 Adacel Technologies's growth in the last year to its industry (Software).
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.
  • Adacel Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Adacel Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Adacel Technologies's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
Adacel Technologies'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 Adacel Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AELT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 51.43 6.46
2018-09-30 52.25 7.43
2018-06-30 53.06 8.39
2018-03-31 50.37 8.62 -1.80
2017-12-31 47.88 8.92 -2.00
2017-09-30 45.16 9.10 -1.00
2017-06-30 42.43 9.28
2017-03-31 42.83 8.27 2.26
2016-12-31 43.23 7.26 4.53
2016-09-30 45.57 8.24 4.77
2016-06-30 47.92 9.22 5.00
2016-03-31 48.56 9.03 4.59
2015-12-31 49.21 8.84 4.18
2015-09-30 45.56 6.38 4.57
2015-06-30 41.91 3.93 4.95
2015-03-31 38.00 0.96 4.77
2014-12-31 34.08 -2.00 4.59
2014-09-30 33.60 -2.15 4.30
2014-06-30 33.11 -2.29 4.00
2014-03-31 32.53 -0.87 4.12
2013-12-31 31.95 0.55 4.23
2013-09-30 31.60 0.68 4.11
2013-06-30 31.26 0.81 3.99
2013-03-31 32.30 1.12 4.09
2012-12-31 33.33 1.42 4.20
2012-09-30 35.94 2.91 4.29
2012-06-30 38.54 4.40 4.38
2012-03-31 37.92 2.64 4.76

*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.
  • Adacel Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Adacel Technologies used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Adacel Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Adacel Technologies'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 Software 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.
Adacel Technologies 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 Adacel Technologies'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 Adacel Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adacel Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adacel Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Adacel Technologies'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.
  • Debt is covered by short term assets, assets are 14.8x debt.
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 Adacel Technologies Company Filings, last reported 2 months ago.

OTCPK:AELT.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17.22 1.73 4.87
2018-09-30 17.22 1.73 4.87
2018-06-30 23.59 0.00 12.53
2018-03-31 23.59 0.00 12.53
2017-12-31 20.70 0.00 10.10
2017-09-30 20.70 0.00 10.10
2017-06-30 26.02 0.00 16.36
2017-03-31 26.02 0.00 16.36
2016-12-31 22.72 0.00 14.92
2016-09-30 22.72 0.00 14.92
2016-06-30 20.25 0.00 15.77
2016-03-31 20.25 0.00 15.77
2015-12-31 17.27 0.00 11.31
2015-09-30 17.27 0.00 11.31
2015-06-30 13.15 0.00 7.63
2015-03-31 13.15 0.00 7.63
2014-12-31 10.45 0.00 7.01
2014-09-30 10.45 0.00 7.01
2014-06-30 8.77 0.01 2.19
2014-03-31 8.77 0.01 2.19
2013-12-31 12.34 0.01 2.44
2013-09-30 12.34 0.01 2.44
2013-06-30 11.53 0.01 6.13
2013-03-31 11.53 0.01 6.13
2012-12-31 11.85 0.01 5.28
2012-09-30 11.85 0.01 5.28
2012-06-30 11.14 0.00 5.75
2012-03-31 11.14 0.00 5.75
  • Adacel Technologies's level of debt (10%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 10% today).
  • Debt is well covered by operating cash flow (212.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 61.7x coverage).
X
Financial health checks
We assess Adacel Technologies'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. Adacel Technologies has a total score of 5/6, 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 Adacel Technologies'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
10.37%
Current annual income from Adacel Technologies dividends. Estimated to be 5.08% next year.
If you bought $2,000 of Adacel Technologies shares you are expected to receive $207 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?
  • Adacel Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Adacel Technologies's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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:AELT.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 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AELT.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.06 1.00
2020-06-30 0.04 1.00
2019-06-30 0.03 1.00
OTCPK:AELT.F Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.085 11.528
2018-08-23 0.095 10.185
2018-02-23 0.043 2.295
2017-08-28 0.045 1.756
2017-02-21 0.035 1.457
2016-08-24 0.035 1.350
2016-02-24 0.025 1.003
2015-09-21 0.025 1.552
2015-08-27 0.025 2.472
2015-02-24 0.015 2.581

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

  • Adacel Technologies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Adacel Technologies only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Adacel Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Adacel Technologies'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 Adacel Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adacel Technologies has a total score of 4/6, 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 Adacel Technologies'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
Gary Pearson
COMPENSATION A$633,337
TENURE AS CEO 3.4 years
CEO Bio

Mr. Gary Pearson has been Chief Executive Officer of Adacel Technologies Limited since October 29, 2015. Mr. Pearson served as the Chief Operating Officer of Adacel Technologies Limited from June 18, 2010 to October 29, 2015 and served as its Acting Chief Executive Officer from June 2015 to October 29, 2015. Mr. Pearson served as Vice President of Advanced Programs for North America at Adacel Technologies Ltd. from April 2005 to June 18, 2010.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year.
  • Gary's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Adacel Technologies management team in years:

3.4
Average Tenure
  • The tenure for the Adacel Technologies management team is about average.
Management Team

Gary Pearson

TITLE
Chief Executive Officer
COMPENSATION
A$633K
TENURE
3.4 yrs

Sophie Karzis

TITLE
Company Secretary
COMPENSATION
A$325K
TENURE
10.8 yrs

Brian Hennessey

TITLE
Vice President of Business Development & Strategic Planning
COMPENSATION
A$369K
TENURE
4.8 yrs

Daniel Verret

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Kevin Pickett

TITLE
Vice President of Operations
TENURE
0.9 yrs

Tom Evers

TITLE
Director of Marketing & Communications
Board of Directors Tenure

Average tenure and age of the Adacel Technologies board of directors in years:

7.9
Average Tenure
65.5
Average Age
  • The tenure for the Adacel Technologies board of directors is about average.
Board of Directors

Peter D. Landos

TITLE
Non-Executive Chairman
COMPENSATION
A$110K
TENURE
6.3 yrs

Natalya Jurcheshin

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
2.4 yrs

Silvio Salom

TITLE
Independent Non-Executive Director
COMPENSATION
A$55K
AGE
59
TENURE
12.8 yrs

Mike McConnell

TITLE
Non-Executive Director
COMPENSATION
A$51K
AGE
52
TENURE
1.8 yrs

Marvin Sambur

TITLE
Outside Director of North American Board
AGE
72
TENURE
7.9 yrs

Tony Tether

TITLE
Outside Director of North American Board
AGE
76
TENURE
7.9 yrs

Bill Bond

TITLE
Outside Director of North American Board
TENURE
7.9 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 ($) Value ($)
25. Nov 18 Buy Michael McConnell Individual 21. Nov 18 21. Nov 18 100,000 $0.48 $47,918
14. Nov 18 Buy Michael McConnell Individual 13. Nov 18 13. Nov 18 37,842 $0.56 $21,301
13. Nov 18 Buy Michael McConnell Individual 09. Nov 18 12. Nov 18 150,000 $0.64 $96,512
X
Management checks
We assess Adacel Technologies'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. Adacel Technologies 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

Adacel Technologies Limited develops and sells simulation and software applications and services for the civil and military aerospace sectors in the United States, Canada, and Australia. The company offers MaxSim Tower for supporting local tower, and ground and ramp control; MaxSim Radar for radar and non-radar procedural training; MaxSim Mobile Systems that facilitates transport to alternative training locations; MaxSim Ultra 3D-Tabletop, an interpretation of standing ATC training tool; MaxSim in a Pod, an enclosed tower setup with a 2-screen front projection visual system; MaxSim Virtual Reality simulator; InSight Visual Systems, a 3D scene-renderer that provides enhancements to realistic visual scene performance and visual acuity; and Aviation Phraseology Training ICE, an application to master proper terminology and communications procedures in a non-intimidating environment. It also provides Aurora ATM automation systems, which manage airspace and domains to control tower units; and Aurora Coverage Map for air navigation services. In addition, the company offers voice activated cockpit system that enables the pilot and the aircraft to talk to each other; and speech recognition products and services for simulation and command and control applications, as well as speech development kits. Further, it provides Air Traffic Control in a Box (ATCiB), a simulated ATC environment for flight simulation training devices that completes the flight simulation experience by adding realistic virtual traffic and synthetic air traffic controllers to create a training environment, as well as ATCiB’s simulated controllers to manage the virtual air traffic; airport driving solutions; and VAST-security systems simulator to create a fidelity environment mimicking a security control room operations center to train security personnel, and simulator training services, as well as support services. The company was founded in 1987 and is headquartered in Hampton East, Australia.

Details
Name: Adacel Technologies Limited
AELT.F
Exchange: OTCPK
Founded: 1987
A$44,538,699
76,595,699
Website: http://www.adacel.com
Address: Adacel Technologies Limited
342 South Road,
Suite 1,
Hampton East,
Victoria, 3188,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ADA Ordinary Shares Australian Securities Exchange AU AUD 27. Feb 1998
OTCPK AELT.F Ordinary Shares Pink Sheets LLC US USD 27. Feb 1998
DB QD2 Ordinary Shares Deutsche Boerse AG DE EUR 27. Feb 1998
CHIA ADA Ordinary Shares Chi-X Australia AU AUD 27. Feb 1998
Number of employees
Current staff
Staff numbers
0
Adacel Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:56
End of day share price update: 2019/03/01 00:00
Last estimates confirmation: 2019/03/03
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.