NasdaqCM:AKTS

Stock Analysis Report

Akoustis Technologies

Executive Summary

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has Akoustis Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.2%

AKTS

2.4%

US Electronic

0.07%

US Market


1 Year Return

109.8%

AKTS

16.3%

US Electronic

8.9%

US Market

Return vs Industry: AKTS exceeded the US Electronic industry which returned 16.3% over the past year.

Return vs Market: AKTS exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

AKTSIndustryMarket
7 Day5.2%2.4%0.07%
30 Day-4.8%3.7%-0.3%
90 Day34.6%2.3%-1.6%
1 Year109.8%109.8%17.5%16.3%11.3%8.9%
3 Year95.7%95.7%55.8%51.4%46.3%36.8%
5 Yearn/a83.7%74.7%62.1%44.3%

Price Volatility Vs. Market

How volatile is Akoustis Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Akoustis Technologies undervalued compared to its fair value and its price relative to the market?

9.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: AKTS 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 AKTS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AKTS is overvalued based on its PB Ratio (9.4x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Akoustis Technologies forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKTS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AKTS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AKTS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AKTS's revenue (65.5% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: AKTS's revenue (65.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AKTS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Akoustis Technologies performed over the past 5 years?

-57.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AKTS is unprofitable, and losses have increased over the past 5 years at a rate of -57.7% per year.

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

Earnings vs Industry: AKTS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (58.6%).


Return on Equity

High ROE: AKTS has a negative Return on Equity (-112.69%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: AKTS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: AKTS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Akoustis Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: AKTS's short term assets ($31.8M) exceeds its short term liabilities ($3.2M)

Long Term Liabilities: AKTS's short term assets (31.8M) exceeds its long term liabilities (18.8M)


Debt to Equity History and Analysis

Debt Level: AKTS's debt to equity ratio (70.2%) is considered high

Reducing Debt: Insufficient data to determine if AKTS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: AKTS has a high level of physical assets or inventory.

Debt Coverage by Assets: AKTS's debt is covered by short term assets (assets are 1.746960x debt).


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: AKTS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AKTS has sufficient cash runway for 1.110914 years if free cash flow continues to reduce at historical rates of -57.6% each year.


Next Steps

Dividend

What is Akoustis Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate AKTS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AKTS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AKTS'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 AKTS'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 Akoustis Technologies's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Jeff Shealy (50yo)

4.4yrs

Tenure

US$658,709

Compensation

Mr. Jeffrey B. Shealy, also known as Jeff, is a Founder, President, Chief Executive Officer and Director at Akoustis Technologies, Inc. Mr. Shealy serves as the Chief Executive Officer and President of Rog ...


CEO Compensation Analysis

Compensation vs. Market: Jeff's total compensation ($USD658.71K) is about average for companies of similar size in the US market ($USD1.22M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.5yrs

Average Tenure

50yo

Average Age

Experienced Management: AKTS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

60yo

Average Age

Experienced Board: AKTS's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$19,97517 May 19
David Aichele
EntityIndividual
Role
Other Key Executive
Vice President of Business Development
Shares2,500
Max PriceUS$7.99
BuyUS$94,00014 Nov 18
Steven Miller
EntityIndividual
Shares20,000
Max PriceUS$4.70
BuyUS$200,00013 Nov 18
Jerry Neal
EntityIndividual
Role
Co-Chairman of the Board
Co-Chairman of the Board
Shares40,000
Max PriceUS$5.00
BuyUS$50,00009 Nov 18
Steven Miller
EntityIndividual
Shares10,000
Max PriceUS$5.00
BuyUS$20,02009 Nov 18
Arthur Geiss
EntityIndividual
Role
Co-Chairman of the Board
Co-Chairman of the Board
Shares3,850
Max PriceUS$5.20

Ownership Breakdown


Management Team

  • Tom Sepenzis (47yo)

    Vice President of Corporate Development & Director of Investor Relations

    • Tenure: 1.7yrs
  • Dave Aichele (53yo)

    Vice President of Business Development

    • Tenure: 4.4yrs
    • Compensation: US$580.53k
  • Jeff Shealy (50yo)

    Founder

    • Tenure: 4.4yrs
    • Compensation: US$658.71k
  • Lora Shealy

    Secretary

    • Tenure: 0yrs
  • Rohan Houlden (54yo)

    Chief Product Officer

    • Tenure: 0.9yrs
    • Compensation: US$580.63k
  • Drew Wright

    General Counsel & Corporate Secretary

    • Tenure: 1.3yrs
  • Ken Boller (48yo)

    Interim Chief Financial Officer

    • Tenure: 0.9yrs

Board Members

  • Jerry Neal (74yo)

    Co-Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: US$132.31k
  • Suzanne Rudy (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$111.35k
  • Art Geiss (66yo)

    Co-Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: US$174.68k
  • Jeff Shealy (50yo)

    Founder

    • Tenure: 4.4yrs
    • Compensation: US$658.71k
  • Steve DenBaars (56yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$95.48k
  • Jeff McMahon (48yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$104.53k
  • James Shealy

    Chair of Scientific Advisor Board

    • Tenure: 0yrs

Company Information

Akoustis Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akoustis Technologies, Inc.
  • Ticker: AKTS
  • Exchange: NasdaqCM
  • Founded: 2014
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$246.647m
  • Shares outstanding: 30.45m
  • Website: https://www.akoustis.com

Number of Employees


Location

  • Akoustis Technologies, Inc.
  • 9805 Northcross Center Court
  • Suite A
  • Huntersville
  • North Carolina
  • 28078
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKTSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2015
AVHDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2015

Biography

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United St ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:30
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.