OTCPK:ATLE.F

Stock Analysis Report

Executive Summary

Atlas Blockchain Group Inc. validates transactions on the blockchain.

Risk Analysis

Earnings have declined by -72.4% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 3 more risks


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Atlas Blockchain Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ATLE.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.3%

ATLE.F

2.9%

US IT

1.7%

US Market


1 Year Return

-36.8%

ATLE.F

40.8%

US IT

23.6%

US Market

Return vs Industry: ATLE.F underperformed the US IT industry which returned 39.9% over the past year.

Return vs Market: ATLE.F underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

ATLE.FIndustryMarket
7 Day-14.3%2.9%1.7%
30 Day1.7%6.3%3.5%
90 Day-4.8%15.9%11.7%
1 Year-36.8%-36.8%42.3%40.8%26.2%23.6%
3 Yearn/a110.2%101.2%53.2%43.3%
5 Yearn/a153.8%131.2%75.5%56.1%

Price Volatility Vs. Market

How volatile is Atlas Blockchain Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Atlas Blockchain Group undervalued compared to its fair value and its price relative to the market?

0.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ATLE.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ATLE.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ATLE.F is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: ATLE.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATLE.F is good value based on its PB Ratio (0.6x) compared to the US IT industry average (4.2x).


Next Steps

Future Growth

How is Atlas Blockchain Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.2%

Forecasted Software 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 Atlas Blockchain Group 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

Past Performance

How has Atlas Blockchain Group performed over the past 5 years?

-72.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATLE.F is currently unprofitable.

Growing Profit Margin: ATLE.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATLE.F is unprofitable, and losses have increased over the past 5 years at a rate of -72.4% per year.

Accelerating Growth: Unable to compare ATLE.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATLE.F is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (16.2%).


Return on Equity

High ROE: ATLE.F has a negative Return on Equity (-64.59%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Atlas Blockchain Group's financial position?


Financial Position Analysis

Short Term Liabilities: ATLE.F's short term assets (CA$15.4M) exceed its short term liabilities (CA$1.0M).

Long Term Liabilities: ATLE.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ATLE.F is debt free.

Reducing Debt: ATLE.F had no debt 5 years ago.


Balance Sheet

Inventory Level: ATLE.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATLE.F's debt is 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: ATLE.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ATLE.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -76.3% each year


Next Steps

Dividend

What is Atlas Blockchain Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if ATLE.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 ATLE.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Atlas Blockchain Group's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Charlie Kiser (54yo)

1.5yrs

Tenure

CA$176,573

Compensation

Mr. Charles Arlen Kiser, Jr., also known as Charlie, has been the Chief Executive Officer of Atlas Cloud Enterprises Inc. since April 18, 2018. Mr. Kiser served as an Executive Vice President of Corporate  ...


CEO Compensation Analysis

Compensation vs Market: Charlie's total compensation ($USD134.05K) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Insufficient data to compare Charlie's compensation with company performance.


Management Age and Tenure

1.6yrs

Average Tenure

Experienced Management: ATLE.F's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.9yrs

Average Tenure

42.5yo

Average Age

Experienced Board: ATLE.F's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

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 been substantially diluted in the past year, with total shares outstanding growing by 69.4%.


Management Team

  • Charlie Kiser (54yo)

    Chief Executive Officer

    • Tenure: 1.5yrs
    • Compensation: CA$176.57k
  • Dan Sorger

    Vice President of Corporate Finance

    • Tenure: 1.8yrs
  • Fred Stearman

    COO & Director

    • Tenure: 5.3yrs
    • Compensation: CA$511.30k
  • Yana Popova (37yo)

    CFO & Director

    • Tenure: 1.9yrs
    • Compensation: CA$462.21k

Board Members

  • John Veltheer (53yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: CA$231.80k
  • Des Balakrishnan (48yo)

    Director

    • Tenure: 0.3yrs
  • Fred Stearman

    COO & Director

    • Tenure: 5.3yrs
    • Compensation: CA$511.30k
  • Sean David Bromley (29yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: CA$242.00k
  • Yana Popova (37yo)

    CFO & Director

    • Tenure: 1.9yrs
    • Compensation: CA$462.21k

Company Information

Atlas Blockchain Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Blockchain Group Inc.
  • Ticker: ATLE.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$14.368m
  • Shares outstanding: 114.94m
  • Website: https://www.atlasblockchaingroup.com

Number of Employees


Location

  • Atlas Blockchain Group Inc.
  • 308 East 5th Avenue
  • Vancouver
  • British Columbia
  • V5T 1H4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATLE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2015
A49MUN (Boerse Muenchen)YesCommon SharesDEEUROct 2015

Biography

Atlas Blockchain Group Inc. validates transactions on the blockchain. The company also provides co-location, back-up/redundancy IT, telecom equipment, and cloud computing services to small and medium size businesses in Western Canada. In addition, it offers software manufacturing rental facilities to IT startup companies. The company was formerly known as Atlas Cloud Enterprises Inc. and changed its name to Atlas Blockchain Group Inc. in July 2018. Atlas Blockchain Group Inc. is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 01:53
End of Day Share Price2019/10/11 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.