OTCPK:LTCC.F

Stock Analysis Report

Lite Access Technologies

Executive Summary

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

28.5%

LTCC.F

-4.2%

US Communications

0.9%

US Market


1 Year Return

-50.1%

LTCC.F

1.2%

US Communications

16.8%

US Market

Return vs Industry: LTCC.F underperformed the US Communications industry which returned 1.2% over the past year.

Return vs Market: LTCC.F underperformed the US Market which returned 16.8% over the past year.


Shareholder returns

LTCC.FIndustryMarket
7 Day28.5%-4.2%0.9%
30 Day99.1%-2.3%4.5%
90 Day17.1%-4.7%6.2%
1 Year-50.1%-50.1%3.5%1.2%19.4%16.8%
3 Year-87.3%-87.3%44.0%34.9%47.5%38.0%
5 Yearn/a65.9%47.4%62.0%44.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: LTCC.F is good value based on its PB Ratio (1.4x) compared to the US Communications industry average (1.9x).


Next Steps

Future Growth

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

13.9%

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 Lite Access 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 Lite Access Technologies performed over the past 5 years?

-55.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTCC.F has high quality earnings.

Growing Profit Margin: LTCC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LTCC.F is unprofitable, and losses have increased over the past 5 years at a rate of -55.1% per year.

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

Earnings vs Industry: LTCC.F is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (42.2%).


Return on Equity

High ROE: LTCC.F has a negative Return on Equity (-58.05%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lite Access Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: LTCC.F's short term assets (CA$6.1M) exceeds its short term liabilities (CA$1.5M)

Long Term Liabilities: LTCC.F's short term assets (CA$6.1M) exceeds its long term liabilities (201.3K)


Debt to Equity History and Analysis

Debt Level: LTCC.F's debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: LTCC.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

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

Debt Coverage by Assets: LTCC.F's debt is covered by short term assets (assets are 32.8x 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: LTCC.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LTCC.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -58.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

0.5yrs

Average management tenure


CEO

Carlo Shimoon 0

1.7yrs

Tenure

CA$359,407

Compensation

Mr. Carlo M. Shimoon serves as the President and Chief Executive Officer at Lite Access Technologies Inc. since March 1, 2018 and Director of Lite Access Technologies Inc. since March 13, 2018. Mr. Shimoon ...


CEO Compensation Analysis

Compensation vs Market: Carlo's total compensation ($USD271.98K) is below average for companies of similar size in the US market ($USD505.35K).

Compensation vs Earnings: Insufficient data to compare Carlo's compensation with company performance.


Management Age and Tenure

0.5yrs

Average Tenure

Experienced Management: LTCC.F's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

52yo

Average Age

Experienced Board: LTCC.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

BuyCA$3,40520 Jun 19
Carlo Shimoon
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceCA$0.17

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Cameron Cromwell

    Managing Director of UK

    • Tenure: 0.6yrs
  • Chui Wong

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Michael Priest

    Co-Founder & Advisor

    • Tenure: 0yrs
    • Compensation: CA$321.05k
  • Mike Plotnikoff

    Co-Founder & Advisor

    • Tenure: 0yrs
    • Compensation: CA$459.19k
  • Carlo Shimoon

    President

    • Tenure: 1.7yrs
    • Compensation: CA$359.41k
  • Scott Grant

    Vice President of Sales

    • Tenure: 0.2yrs

Board Members

  • Mark Schnarr (63yo)

    Member of Advisory Board

    • Tenure: 3.3yrs
  • Robert Toyoda (51yo)

    Corporate Secretary & Director

    • Tenure: 4.5yrs
    • Compensation: CA$25.46k
  • Kevin Smith

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: CA$25.46k
  • Steven King

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: CA$120.02k
  • Greg Smith (52yo)

    Chairman of the Board & Director

    • Tenure: 0yrs
    • Compensation: CA$25.46k
  • Carlo Shimoon

    President

    • Tenure: 1.7yrs
    • Compensation: CA$359.41k
  • Dan Nanson

    Independent Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: Lite Access Technologies Inc.
  • Ticker: LTCC.F
  • Exchange: OTCPK
  • Founded: 2003
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: CA$13.071m
  • Listing Market Cap: CA$9.891m
  • Shares outstanding: 43.57m
  • Website: https://www.liteaccess.com

Location

  • Lite Access Technologies Inc.
  • 20678 Duncan Way
  • Suite 5
  • Langley
  • British Columbia
  • V3A 7A3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTCC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2015
LA7DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2015
LTETSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2015

Biography

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 00:51
End of Day Share Price2019/11/19 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.