OTCPK:AACT.F

Stock Analysis Report

Aurora Solar Technologies

Executive Summary

Aurora Solar Technologies Inc. develops, manufactures, and markets production measurement and control systems for the solar wafer, cell, and panel manufacturing industries in Canada, Asia, France, and the Netherlands.

Rewards

Earnings have grown 3.3% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap ($11M)

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

+ 2 more risks


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.7%

AACT.F

1.7%

US Electronic

1.5%

US Market


1 Year Return

125.5%

AACT.F

10.4%

US Electronic

20.1%

US Market

Return vs Industry: AACT.F exceeded the US Electronic industry which returned 10.4% over the past year.

Return vs Market: AACT.F exceeded the US Market which returned 20.1% over the past year.


Shareholder returns

AACT.FIndustryMarket
7 Day-1.7%1.7%1.5%
30 Day-5.5%-4.7%1.4%
90 Day50.3%2.4%8.7%
1 Year125.5%125.5%11.5%10.4%22.7%20.1%
3 Year-45.3%-45.3%37.4%33.6%50.1%40.5%
5 Year-65.2%-65.2%70.5%62.1%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: AACT.F is overvalued based on its PB Ratio (7.4x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

How is Aurora Solar Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.4%

Forecasted Tech 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 Aurora Solar Technologies 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 Aurora Solar Technologies performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AACT.F is currently unprofitable.

Growing Profit Margin: AACT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AACT.F is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.

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

Earnings vs Industry: AACT.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).


Return on Equity

High ROE: AACT.F has a negative Return on Equity (-71.34%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Aurora Solar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: AACT.F's short term assets (CA$1.5M) exceed its short term liabilities (CA$411.5K).

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


Debt to Equity History and Analysis

Debt Level: AACT.F is debt free.

Reducing Debt: AACT.F has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: AACT.F's debt is not covered by short term assets (assets are -147.3x 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: AACT.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AACT.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 3.4% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Gordon Deans (60yo)

1.3yrs

Tenure

CA$197,000

Compensation

Mr. Gordon Deans, MEng, PEng, has been Chief Executive Officer and President of Aurora Solar Technologies Inc. since November 15, 2018 and has been its Director since December 21, 2018. He is the Founder o ...


CEO Compensation Analysis

Compensation vs Market: Gordon's total compensation ($USD148.66K) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Gordon's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Gordon Deans
Founder1.3yrsCA$197.00k2.66% CA$220.9k
Kenneth Cadien
Scientific Advisor & Member of Advisory Committee0yrsno datano data
Stephen Blaine
Product & Technology Advisor and Member of Advisory Committee0yrsCA$194.50kno data
Vinay Prasad
Scientific Advisor & Member of Advisory Committee0yrsno datano data
John McNicol
Independent Director3.3yrsCA$55.00k0.34% CA$28.3k
Kevin Dodds
Director3.3yrsCA$80.00k0.23% CA$18.9k
Robert Toyoda
Independent Director10.1yrsCA$10.00kno data

3.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: AACT.F's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 59.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Aurora Solar Technologies Inc.
  • Ticker: AACT.F
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$11.022m
  • Listing Market Cap: CA$8.317m
  • Shares outstanding: 88.18m
  • Website: https://www.aurorasolartech.com

Location

  • Aurora Solar Technologies Inc.
  • 930 West 1st Street
  • Suite 223
  • North Vancouver
  • British Columbia
  • V7P 3N4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACUTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2011
A82DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2011
AACT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2011

Biography

Aurora Solar Technologies Inc. develops, manufactures, and markets production measurement and control systems for the solar wafer, cell, and panel manufacturing industries in Canada, Asia, France, and the Netherlands. The company offers DM sensors, which are measurement tools for production speeds; Visualize that enable real-time visualization of critical cell fabrication processes; and Insight, which addresses the challenges facing cell manufacturers in characterizing and controlling production variation. It also provides a suite of services, including system configuration and performance planning, such as design and engineering of DM, Visualize, and Inisght configurations to fit production line and performance objectives; system engineering and operations training courses; and post-installation support and optimization services. The company was formerly known as ACT Aurora Control Technologies Corp. and changed its name to Aurora Solar Technologies Inc. in May 2015. The company was incorporated in 2006 and is headquartered in North Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 01:11
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.