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ADDvantage Technologies Group

Nasdaq:AEY
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AEY
Nasdaq
$14M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services electronics and hardware for the cable television and telecommunication industries in the United States, Canada, Central America, Asia, Europe, Mexico, South America, and internationally. The last earnings update was 41 days ago. More info.


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AEY Share Price and Events
7 Day Returns
-0.7%
NasdaqGM:AEY
-2.4%
US Electronic
-1.1%
US Market
1 Year Returns
3.8%
NasdaqGM:AEY
2.8%
US Electronic
5.8%
US Market
AEY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ADDvantage Technologies Group (AEY) -0.7% 0.7% 6.2% 3.8% -26.2% -58.4%
US Electronic -2.4% -3.4% 25.2% 2.8% 56.9% 55.8%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • AEY outperformed the Electronic industry which returned 2.8% over the past year.
  • AEY underperformed the Market in United States of America which returned 5.8% over the past year.
Price Volatility
AEY
Industry
5yr Volatility vs Market

AEY Value

 Is ADDvantage Technologies Group 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 ADDvantage Technologies Group 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 ADDvantage Technologies Group.

NasdaqGM:AEY 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 9%
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 NasdaqGM:AEY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 21%) (0%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.044 * 5.96%)
8.95%

Discounted Cash Flow Calculation for NasdaqGM:AEY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ADDvantage Technologies Group 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.

NasdaqGM:AEY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.95%)
2019 1.21 Est @ -33.41% 1.11
2020 0.93 Est @ -22.57% 0.79
2021 0.79 Est @ -14.98% 0.61
2022 0.72 Est @ -9.66% 0.51
2023 0.67 Est @ -5.95% 0.44
2024 0.65 Est @ -3.34% 0.39
2025 0.64 Est @ -1.52% 0.35
2026 0.64 Est @ -0.25% 0.32
2027 0.64 Est @ 0.65% 0.30
2028 0.65 Est @ 1.27% 0.28
Present value of next 10 years cash flows $5.10
NasdaqGM:AEY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.65 × (1 + 2.73%) ÷ (8.95% – 2.73%)
$10.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10.78 ÷ (1 + 8.95%)10
$4.58
NasdaqGM:AEY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5.10 + $4.58
$9.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9.67 / 10.36
$0.93
NasdaqGM:AEY Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.93
Current discount Discount to share price of $1.38
= -1 x ($1.38 - $0.93) / $0.93
-47.8%

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

  • The current share price of ADDvantage Technologies Group 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 ADDvantage Technologies Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ADDvantage Technologies Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:AEY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.74
NasdaqGM:AEY Share Price ** NasdaqGM (2019-03-25) in USD $1.38
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.06x
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 ADDvantage Technologies Group.

NasdaqGM:AEY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:AEY Share Price ÷ EPS (both in USD)

= 1.38 ÷ -0.74

-1.86x

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

  • ADDvantage Technologies Group is loss making, we can't compare its value to the US Electronic industry average.
  • ADDvantage Technologies Group 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 ADDvantage Technologies Group's expected growth come at a high price?
Raw Data
NasdaqGM:AEY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.86x
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 Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.5x
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 ADDvantage Technologies Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ADDvantage Technologies Group's assets?
Raw Data
NasdaqGM:AEY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.24
NasdaqGM:AEY Share Price * NasdaqGM (2019-03-25) in USD $1.38
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.01x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
NasdaqGM:AEY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:AEY Share Price ÷ Book Value per Share (both in USD)

= 1.38 ÷ 3.24

0.43x

* Primary Listing of ADDvantage Technologies Group.

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

  • ADDvantage Technologies Group is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess ADDvantage Technologies Group'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. ADDvantage Technologies Group 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.

AEY Future Performance

 How is ADDvantage Technologies Group 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 ADDvantage Technologies 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 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
17%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ADDvantage Technologies Group expected to grow at an attractive rate?
  • Unable to compare ADDvantage Technologies Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ADDvantage Technologies Group's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare ADDvantage Technologies Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:AEY Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
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
NasdaqGM:AEY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
NasdaqGM:AEY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 46 2 -8
2018-09-30 47 4 -7
2018-06-30 49 3 -3
2018-03-31 49 2 -1
2017-12-31 49 1 -1
2017-09-30 49 3 0
2017-06-30 46 3 0
2017-03-31 43 4 0
2016-12-31 43 4 0
2016-09-30 39 4 0
2016-06-30 39 4 1
2016-03-31 40 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ADDvantage Technologies Group is high growth as no earnings estimate data is available.
  • Unable to determine if ADDvantage Technologies Group 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
NasdaqGM:AEY 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqGM:AEY Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.74
2018-09-30 -0.71
2018-06-30 -0.27
2018-03-31 -0.13
2017-12-31 -0.10
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.03
2016-12-31 0.05
2016-09-30 0.03
2016-06-30 0.07
2016-03-31 0.10

*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 ADDvantage Technologies Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine ADDvantage Technologies Group'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. ADDvantage Technologies Group'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 Tech companies here
  3. ADDvantage Technologies Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ADDvantage Technologies Group'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.
ADDvantage Technologies Group 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.

AEY Past Performance

  How has ADDvantage Technologies Group 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 ADDvantage Technologies Group's growth in the last year to its industry (Electronic).
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.
  • ADDvantage Technologies Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ADDvantage Technologies Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ADDvantage Technologies Group's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
ADDvantage Technologies Group'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 ADDvantage Technologies Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:AEY 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 46.40 -7.65 14.48
2018-09-30 47.41 -7.32 14.33
2018-06-30 48.84 -2.73 14.35
2018-03-31 49.26 -1.29 14.47
2017-12-31 48.90 -1.02 14.71
2017-09-30 48.71 -0.10 14.66
2017-06-30 46.15 -0.03 13.94
2017-03-31 43.22 0.35 13.25
2016-12-31 42.51 0.49 12.83
2016-09-30 38.66 0.29 12.10
2016-06-30 38.52 0.70 10.93
2016-03-31 40.37 1.02 11.77
2015-12-31 41.15 1.11 11.62
2015-09-30 43.73 1.50 12.02
2015-06-30 46.24 1.91 13.00
2015-03-31 43.66 1.45 12.00
2014-12-31 40.61 0.94 10.95
2014-09-30 35.89 0.66 9.91
2014-06-30 31.40 0.59 8.06
2014-03-31 28.45 0.68 6.57
2013-12-31 26.90 1.25 5.90
2013-09-30 28.68 1.77 5.81
2013-06-30 29.52 1.64 6.19
2013-03-31 31.64 1.83 6.61
2012-12-31 34.11 1.46 6.93
2012-09-30 29.68 0.94 5.94
2012-06-30 37.99 1.56 7.33
2012-03-31 38.19 1.57 7.14

*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 ADDvantage Technologies Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ADDvantage Technologies Group has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ADDvantage Technologies Group 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 ADDvantage Technologies Group'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 Electronic 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.
ADDvantage Technologies Group 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.

AEY Health

 How is ADDvantage Technologies Group'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 ADDvantage Technologies Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ADDvantage Technologies Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ADDvantage Technologies Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ADDvantage Technologies Group'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.
  • High level of physical assets or inventory.
  • ADDvantage Technologies Group 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 ADDvantage Technologies Group Company Filings, last reported 2 months ago.

NasdaqGM:AEY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 33.59 0.00 2.78
2018-09-30 34.53 2.59 3.13
2018-06-30 39.36 2.98 2.14
2018-03-31 40.86 2.85 0.89
2017-12-31 41.00 3.23 0.41
2017-09-30 41.70 6.28 3.97
2017-06-30 41.94 6.83 3.74
2017-03-31 41.99 7.37 3.89
2016-12-31 41.86 7.91 4.10
2016-09-30 41.63 4.37 4.51
2016-06-30 41.80 4.59 5.14
2016-03-31 41.46 4.81 4.97
2015-12-31 41.19 5.02 6.71
2015-09-30 41.13 5.24 6.11
2015-06-30 40.90 5.45 4.64
2015-03-31 40.23 5.67 4.82
2014-12-31 39.89 5.88 6.53
2014-09-30 39.44 6.09 5.29
2014-06-30 38.77 6.38 3.99
2014-03-31 38.54 6.43 4.55
2013-12-31 39.36 1.46 7.74
2013-09-30 39.18 1.50 8.48
2013-06-30 38.81 1.55 8.23
2013-03-31 38.55 1.59 7.54
2012-12-31 38.57 1.64 7.35
2012-09-30 37.82 1.69 5.19
2012-06-30 37.36 1.73 3.17
2012-03-31 36.87 1.78 2.11
  • ADDvantage Technologies Group has no debt.
  • ADDvantage Technologies Group has no debt compared to 5 years ago when it was 3.8%.
  • ADDvantage Technologies Group has no debt, it does not need to be covered by operating cash flow.
  • ADDvantage Technologies Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ADDvantage Technologies Group'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. ADDvantage Technologies Group has a total score of 6/6, 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.

AEY Dividends

 What is ADDvantage Technologies Group'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 ADDvantage Technologies Group dividends.
If you bought $2,000 of ADDvantage Technologies Group 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 ADDvantage Technologies Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ADDvantage Technologies Group'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
NasdaqGM:AEY 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 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 ADDvantage Technologies Group has not reported any payouts.
  • Unable to verify if ADDvantage Technologies Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ADDvantage Technologies Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ADDvantage Technologies Group 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 ADDvantage Technologies Group'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 ADDvantage Technologies Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ADDvantage Technologies Group 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.

AEY Management

 What is the CEO of ADDvantage Technologies Group'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
Joe Hart
COMPENSATION $93,154
AGE 67
TENURE AS CEO 0.7 years
CEO Bio

Mr. Joseph E. Hart, also known as Joe, has been Permanent Chief Executive Officer and President of ADDvantage Technologies Group, Inc. since October 8, 2018 and its Director since August 06, 2015.He served its Interim Chief Executive Officer and President of ADDvantage Technologies Group, Inc. from July 3, 2018 to October 8, 2018.Mr. Hart serves as the Chief Executive Officer of Aero Communications, Inc. since November 2015. From 2006 to 2014, Mr. Hart served as the Executive Vice President of Network Infrastructure Services and Operations for Goodman Networks, Inc., a provider of end-to-end network infrastructure, professional services and field deployment to the wireless telecommunications and satellite television industry. For over 20 years, Mr. Hart served in various executive leadership positions for various telecommunication and wireless companies. Mr. Hart holds a masters of science degree in systems management from the University of Southern California and bachelor of business administration degree from Baldwin-Wallace College.

CEO Compensation
  • Joe's compensation has increased whilst company is loss making.
  • Joe's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Joe Hart

TITLE
Permanent President
COMPENSATION
$93K
AGE
67
TENURE
0.7 yrs

Dave Chymiak

TITLE
CTO ,VP & Director
COMPENSATION
$326K
AGE
72

Scott Francis

TITLE
VP, Chief Accounting Officer & Secretary
COMPENSATION
$202K
AGE
50

Donald Kinison

TITLE
Vice President of Sales
COMPENSATION
$263K
AGE
42
TENURE
1.8 yrs

Kevin Brown

TITLE
Chief Financial Officer
Board of Directors Tenure

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

3.6
Average Tenure
67
Average Age
  • The tenure for the ADDvantage Technologies Group board of directors is about average.
Board of Directors

James McGill

TITLE
Non-Executive Chairman
COMPENSATION
$33K
AGE
76
TENURE
0.4 yrs

Joe Hart

TITLE
Permanent President
COMPENSATION
$93K
AGE
67
TENURE
3.6 yrs

Dave Chymiak

TITLE
CTO ,VP & Director
COMPENSATION
$326K
AGE
72
TENURE
20.2 yrs

Thomas Franz

TITLE
Independent Director
COMPENSATION
$26K
AGE
59
TENURE
11.6 yrs

David Sparkman

TITLE
Director
COMPENSATION
$26K
AGE
60
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ADDvantage Technologies Group'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. ADDvantage Technologies Group 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.

AEY News

Simply Wall St News

Who Owns Most Of ADDvantage Technologies Group Inc (NASDAQ:AEY)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … ADDvantage Technologies Group is a smaller company with a market capitalization of US$14m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for ADDvantage Technologies Group

Simply Wall St -

What Investors Should Know About ADDvantage Technologies Group Inc's (NASDAQ:AEY) Financial Strength

While small-cap stocks, such as ADDvantage Technologies Group Inc (NASDAQ:AEY) with its market cap of US$13.19m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is ADDvantage Technologies Group Inc's (NASDAQ:AEY) Balance Sheet Strong Enough To Weather A Storm?

AEY's debt levels surged from US$4.37M to US$6.28M over the last 12 months , which is made up of current and long term debt. … Additionally, AEY has generated cash from operations of US$2.99M during the same period of time, resulting in an operating cash to total debt ratio of 47.56%, meaning that AEY’s debt is appropriately covered by operating cash. … Risk around debt is extremely low for AEY, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: AEY’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

Who Are The Major Shareholders Of ADDvantage Technologies Group Inc (NASDAQ:AEY)?

The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine AEY's ownership structure in more detail. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Is ADDvantage Technologies Group Inc's (NASDAQ:AEY) CEO Being Overpaid?

View our latest analysis for ADDvantage Technologies Group What has AEY's performance been like? … In the situation of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be a sign of some headwind. … Normally I would look at market cap and earnings as a proxy for performance, however, AEY's negative earnings reduces the usefulness of my formula.

Simply Wall St -

What Kind Of Risk Should You Expect For ADDvantage Technologies Group Inc (NASDAQ:AEY)?

Based on this beta value, AEY appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … AEY, with its market capitalisation of US$13.29M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what AEY’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Is ADDvantage Technologies Group Inc (NASDAQ:AEY) A Financially Sound Company?

With this growth in debt, the current cash and short-term investment levels stands at $4.0M , ready to deploy into the business. … Additionally, AEY has generated cash from operations of $3.0M over the same time period, leading to an operating cash to total debt ratio of 47.56%, indicating that AEY’s current level of operating cash is high enough to cover debt. … With a debt-to-equity ratio of 15.07%, AEY's debt level may be seen as prudent.

Simply Wall St -

Should ADDvantage Technologies Group Inc's (NASDAQ:AEY) Recent Earnings Decline Worry You?

After reading ADDvantage Technologies Group Inc's (NASDAQ:AEY) most recent earnings announcement (30 September 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether ADDvantage Technologies Group's performance has been impacted by industry movements. … Though ADDvantage Technologies Group's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Who Are The Top Investors In ADDvantage Technologies Group Inc (AEY)?

Today, I will be analyzing ADDvantage Technologies Group Inc’s (NASDAQ:AEY) recent ownership structure, an important but not-so-popular subject among individual investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

AEY Company Info

Description

ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services electronics and hardware for the cable television and telecommunication industries in the United States, Canada, Central America, Asia, Europe, Mexico, South America, and internationally. The company operates through two segments, Cable Television and Telecommunications. The Cable Television segment provides products for video, telephone, and Internet data signals. It offers headend products, such as satellite receivers, integrated receivers/decoders, demodulators, modulators, antennas and antenna mounts, amplifiers, equalizers, and processors; fiber products that include optical transmitters, fiber optic cables, receivers, splitters, and compatible accessories; and access and transport products, such as line extenders, broadband amplifiers, and directional taps. In addition, this segment offers test equipment; hardware equipment that include connectors and cable products; and repair services. The Telecommunications segment provides telecommunication equipment, such as spares and replace non-working components; and customer premise equipment to the reseller community, telecommunications companies, and enterprise companies. This segment offers central office equipment that include optical transport, switching, and data center equipment for communication networks; customer premise equipment, such as integrated access devices, channel banks, Internet protocol private branch exchange phones, and routers; and decommissioning services for surplus and obsolete telecom equipment. The company was formerly known as ADDvantage Media Group, Inc. and changed its name to ADDvantage Technologies Group, Inc. in December 1999. ADDvantage Technologies Group, Inc. was founded in 1989 and is headquartered in Broken Arrow, Oklahoma.

Details
Name: ADDvantage Technologies Group, Inc.
AEY
Exchange: NasdaqGM
Founded: 1989
$14,298,582
10,361,292
Website: http://www.addvantagetechnologies.com
Address: ADDvantage Technologies Group, Inc.
1221 East Houston,
Broken Arrow,
Oklahoma, 74012,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM AEY Common Stock Nasdaq Global Market US USD 27. Aug 1991
Number of employees
Current staff
Staff numbers
140
ADDvantage Technologies Group employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 23:32
End of day share price update: 2019/03/25 00:00
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.