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eXeBlock Technology

OTCPK:EXXB.F
Snowflake Description

Adequate balance sheet and overvalued.

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

eXeBlock Technology Corporation, together with its subsidiary, eXeBlock Technology Inc., develops blockchain based software solutions to businesses and markets worldwide. The last earnings update was 57 days ago. More info.


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  • eXeBlock Technology has significant price volatility in the past 3 months.
EXXB.F Share Price and Events
7 Day Returns
0%
OTCPK:EXXB.F
0.1%
US Software
-1.1%
US Market
1 Year Returns
-89%
OTCPK:EXXB.F
30.3%
US Software
5.8%
US Market
EXXB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
eXeBlock Technology (EXXB.F) 0% 5.4% 3.4% -89% - -
US Software 0.1% 2.6% 28.2% 30.3% 108.8% 136.9%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • EXXB.F underperformed the Software industry which returned 30.3% over the past year.
  • EXXB.F underperformed the Market in United States of America which returned 5.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

EXXB.F Value

 Is eXeBlock Technology 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
  • It is not possible to calculate the future cash flow value for eXeBlock Technology. This is due to cash flow or dividend data being unavailable. The share price is $0.0214.
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 eXeBlock Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are eXeBlock Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:EXXB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-0.07
CNSX:XBLK Share Price ** CNSX (2019-03-18) in CAD CA$0.04
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.08x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.17x

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

** Primary Listing of eXeBlock Technology.

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

= CNSX:XBLK Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.07

-0.57x

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

  • eXeBlock Technology is loss making, we can't compare its value to the US Software industry average.
  • eXeBlock Technology is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does eXeBlock Technology's expected growth come at a high price?
Raw Data
OTCPK:EXXB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
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 Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.32x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*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 eXeBlock Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on eXeBlock Technology's assets?
Raw Data
OTCPK:EXXB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.03
CNSX:XBLK Share Price * CNSX (2019-03-18) in CAD CA$0.04
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.68x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
OTCPK:EXXB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:XBLK Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ 0.03

1.56x

* Primary Listing of eXeBlock Technology.

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

  • eXeBlock Technology is good value based on assets compared to the US Software industry average.
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Value checks
We assess eXeBlock Technology'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. eXeBlock Technology has a total score of 1/6, 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.

EXXB.F Future Performance

 How is eXeBlock Technology 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 eXeBlock Technology 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
16%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is eXeBlock Technology expected to grow at an attractive rate?
  • Unable to compare eXeBlock Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare eXeBlock Technology's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare eXeBlock Technology's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:EXXB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16%
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 14.2%
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:EXXB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:EXXB.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 -4 -4
2018-08-31 -4 -5
2017-08-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if eXeBlock Technology is high growth as no earnings estimate data is available.
  • Unable to determine if eXeBlock Technology 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:EXXB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from eXeBlock Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:EXXB.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -0.07
2018-08-31 -0.08
2017-08-31

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

Next steps:

  1. Examine eXeBlock Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. eXeBlock Technology'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 Software 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 eXeBlock Technology'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 eXeBlock Technology'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.
eXeBlock Technology 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.

EXXB.F Past Performance

  How has eXeBlock Technology 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 eXeBlock Technology'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.
  • eXeBlock Technology does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare eXeBlock Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare eXeBlock Technology's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
eXeBlock Technology'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 eXeBlock Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:EXXB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -4.29 1.61 1.16
2018-08-31 -4.85 1.55 1.35
2017-08-31 -0.97 0.55 0.37

*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 eXeBlock Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if eXeBlock Technology has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if eXeBlock Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess eXeBlock Technology'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.
eXeBlock Technology has a total score of 0/6, 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.

EXXB.F Health

 How is eXeBlock Technology'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 eXeBlock Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • eXeBlock Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • eXeBlock Technology has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of eXeBlock Technology'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.
  • eXeBlock Technology has no debt, it does not need to be 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 eXeBlock Technology Company Filings, last reported 3 months ago.

OTCPK:EXXB.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 1.58 0.00 2.10
2018-08-31 2.13 0.00 2.73
2017-08-31 0.44 0.00 0.62
  • eXeBlock Technology has no debt.
  • eXeBlock Technology has not taken on any debt in the past 5 years.
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.

  • eXeBlock Technology has less than a year of cash runway based on current free cash flow.
  • eXeBlock Technology has less than a year of cash runway if free cash flow continues to grow at historical rates of 129.5% each year.
X
Financial health checks
We assess eXeBlock Technology'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. eXeBlock Technology has a total score of 4/6, 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.

EXXB.F Dividends

 What is eXeBlock Technology'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 eXeBlock Technology dividends.
If you bought $2,000 of eXeBlock Technology 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 eXeBlock Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate eXeBlock Technology'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:EXXB.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 Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
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 0.9%
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 eXeBlock Technology has not reported any payouts.
  • Unable to verify if eXeBlock Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of eXeBlock Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as eXeBlock Technology 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.
X
Income/ dividend checks
We assess eXeBlock Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 eXeBlock Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. eXeBlock Technology 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.

EXXB.F Management

 What is the CEO of eXeBlock Technology'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
Jamie Davison
COMPENSATION CA$158,438
TENURE AS CEO 0.8 years
CEO Bio

Mr. Jamie Davison has been President and Chief Executive Officer of eXeBlock Technology Corp. since June 25, 2018. He is be based in Halifax, where he utilizes his results driven skills to carry on eXeBlock Technology Corp's business model of DApp development and commercialization. Mr. Davison has extensive operating and executive leadership experience to the team, highlighted by his strong track record of value creation and his depth of knowledge in commercializing innovation technology. Most recently, Mr. Davison served as Vice President, Innovation and Renewal at the Atlantic Lottery Corporation where he was responsible for managing and directing the Innovation group which was comprised of a research arm focused on the 4D development process, a development team launching MVP's and internal innovation and culture initiatives. Mr. Davison, an Economics graduate from Acadia University,

CEO Compensation
  • Insufficient data for Jamie to compare compensation growth.
  • Jamie's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Jamie Davison

TITLE
President & CEO
COMPENSATION
CA$158K
TENURE
0.8 yrs

Rob Randall

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$170K
AGE
55
TENURE
1.5 yrs

Jonathan Baha'i

TITLE
AGE
43
Board of Directors Tenure

Average tenure and age of the eXeBlock Technology board of directors in years:

1.5
Average Tenure
51
Average Age
  • The average tenure for the eXeBlock Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ian Klassen

TITLE
Director
COMPENSATION
CA$123K
AGE
51
TENURE
1.5 yrs

William Sheppard

TITLE
Director
COMPENSATION
CA$110K
AGE
56
TENURE
1.3 yrs

Paul Thomson

TITLE
Director
COMPENSATION
CA$45K
AGE
49
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess eXeBlock Technology'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. eXeBlock Technology 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.

EXXB.F News

Simply Wall St News

EXXB.F Company Info

Description

eXeBlock Technology Corporation, together with its subsidiary, eXeBlock Technology Inc., develops blockchain based software solutions to businesses and markets worldwide. The company offers eXe 50/50 Labs, an application for charities to conduct 50/50 draws; and Freedom Ledger, a decentralized exchange platform for traders. It also provides blockchain technology consulting and custom blockchain development services. The company is based in Vancouver, Canada.

Details
Name: eXeBlock Technology Corporation
EXXB.F
Exchange: OTCPK
Founded:
CA$1,830,796
61,441,531
Website: http://www.exeblock.com
Address: eXeBlock Technology Corporation
1090 West Georgia Street,
Suite 280,
Vancouver,
British Columbia, V6E 3V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX XBLK New Common Stock Canadian National Stock Exchange CA CAD 13. Nov 2017
OTCPK EXXB.F New Common Stock Pink Sheets LLC US USD 13. Nov 2017
DB 1DF New Common Stock Deutsche Boerse AG DE EUR 13. Nov 2017
Number of employees
Current staff
Staff numbers
0
eXeBlock Technology employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/26 00:54
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/01/28
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/08/31


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.