OTCPK:BYLT.F

Stock Analysis Report

Executive Summary

Baylin Technologies Inc., through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave products in the North American and Asia.

Rewards

Earnings are forecast to grow 145.76% per year

Earnings have grown 33.6% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($70M)



Snowflake Analysis

Adequate balance sheet with moderate growth potential.


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Huber+Suhner

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Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BYLT.F

2.5%

US Electronic

0.8%

US Market


1 Year Return

-53.8%

BYLT.F

29.8%

US Electronic

22.0%

US Market

Return vs Industry: BYLT.F underperformed the US Electronic industry which returned 29.8% over the past year.

Return vs Market: BYLT.F underperformed the US Market which returned 22% over the past year.


Shareholder returns

BYLT.FIndustryMarket
7 Day0%2.5%0.8%
30 Day-26.8%2.6%1.7%
90 Day-39.7%8.2%5.2%
1 Year-53.8%-53.8%31.1%29.8%24.7%22.0%
3 Yearn/a48.9%44.8%46.9%37.3%
5 Yearn/a80.7%71.7%65.5%47.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BYLT.F is good value based on its PB Ratio (1x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Baylin Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

145.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYLT.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: BYLT.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BYLT.F's is expected to become profitable in the next 3 years.

Revenue vs Market: BYLT.F's revenue (2.5% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: BYLT.F's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Baylin Technologies performed over the past 5 years?

33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYLT.F is currently unprofitable.

Growing Profit Margin: BYLT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BYLT.F is unprofitable, but has reduced losses over the past 5 years at a rate of 33.6% per year.

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

Earnings vs Industry: BYLT.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (53.7%).


Return on Equity

High ROE: BYLT.F has a negative Return on Equity (-5.86%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Baylin Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BYLT.F's short term assets (CA$77.8M) exceed its short term liabilities (CA$50.8M).

Long Term Liabilities: BYLT.F's short term assets (CA$77.8M) exceed its long term liabilities (CA$49.3M).


Debt to Equity History and Analysis

Debt Level: BYLT.F's debt to equity ratio (77%) is considered high.

Reducing Debt: BYLT.F's debt to equity ratio has increased from 14.2% to 77% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BYLT.F's debt is covered by short term assets (assets are 1.4x 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: BYLT.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BYLT.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -48.7% each year


Next Steps

Dividend

What is Baylin 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

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

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

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

1.4yrs

Average management tenure


CEO

Randy Dewey (51yo)

4.7yrs

Tenure

CA$810,049

Compensation

Mr. Randy L. Dewey has been President and Chief Executive Officer at Baylin Technologies Inc. since August 24, 2015 and served as its Vice-Chairman since March 2015. Mr. Dewey served as the Interim Chief E ...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD613.63K) is about average for companies of similar size in the US market ($USD528.59K).

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


Management Age and Tenure

1.4yrs

Average Tenure

53yo

Average Age

Experienced Management: BYLT.F's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

4.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: BYLT.F's board of directors are considered experienced (4 years average tenure).


Insider Trading

Insider Buying: BYLT.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$339,63903 Oct 19
Jeffrey Royer
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares200,000
Max PriceUS$1.70

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26%.


Management Team

  • Philip Mohtadi

    General Counsel

    • Tenure: 0.9yrs
  • Daniel Kim

    Executive Vice President of Corporate Development

    • Tenure: 1.2yrs
  • John Restivo (57yo)

    President of Advantech Wireless

    • Tenure: 1.7yrs
    • Compensation: CA$593.77k
  • Michael Wolfe (53yo)

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: CA$397.50k
  • Randy Dewey (51yo)

    President

    • Tenure: 4.7yrs
    • Compensation: CA$810.05k
  • Mike Moon (58yo)

    President of Asia Pacific

    • Tenure: 5.4yrs
    • Compensation: CA$644.04k
  • Jerry Kirshman (53yo)

    President of Americas/EMEA

    • Tenure: 0yrs
    • Compensation: CA$733.36k
  • Minya Gavrilovic

    COO & CTO

    • Tenure: 0.9yrs
  • Linda Barabe

    Vice President of Human Resources

    • Tenure: 0.9yrs
  • Kelly Myles

    Marketing & Communications Manager

    • Tenure: 0yrs

Board Members

  • Barry Reiter (70yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: CA$40.00k
  • Jeff Royer (64yo)

    Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: CA$150.00k
  • Don Simmonds (63yo)

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: CA$30.00k
  • David Gelerman (64yo)

    Director

    • Tenure: 1.8yrs
  • Harold Wolkin (67yo)

    Independent Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CA$75.00k
  • Janice Davis (56yo)

    Director

    • Tenure: 0.6yrs
  • Randy Dewey (51yo)

    President

    • Tenure: 4.7yrs
    • Compensation: CA$810.05k
  • David Saska (54yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: CA$20.00k

Company Information

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


Key Information

  • Name: Baylin Technologies Inc.
  • Ticker: BYLT.F
  • Exchange: OTCPK
  • Founded: 1978
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: CA$69.600m
  • Listing Market Cap: CA$52.723m
  • Shares outstanding: 40.23m
  • Website: https://www.baylintech.com

Number of Employees


Location

  • Baylin Technologies Inc.
  • 60 Columbia Way
  • Suite 205
  • Markham
  • Ontario
  • L3R 0C9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYLTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 2013
5BTBST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2013
BYLT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2013
5BTDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2013

Biography

Baylin Technologies Inc., through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave prod ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/16 01:02
End of Day Share Price2019/12/05 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.