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MMTI

Micromem Technologies OTCPK:MMTI.F Stock Report

Last Price

US$0.042

Market Cap

US$19.4m

7D

35.5%

1Y

-37.3%

Updated

01 Oct, 2022

Data

Company Financials
MMTI.F fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

MMTI.F Stock Overview

Micromem Technologies Inc., through its subsidiary, Micromem Applied Sensor Technology, Inc., develops and markets customized sensor applications based on its proprietary technology in Canada and internationally.

Micromem Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Micromem Technologies
Historical stock prices
Current Share PriceUS$0.042
52 Week HighUS$0.12
52 Week LowUS$0.025
Beta2.26
1 Month Change20.17%
3 Month Change40.00%
1 Year Change-37.31%
3 Year Change111.05%
5 Year Change-65.00%
Change since IPO-99.16%

Recent News & Updates

Shareholder Returns

MMTI.FUS ElectronicUS Market
7D35.5%-2.2%-2.5%
1Y-37.3%-24.1%-23.2%

Return vs Industry: MMTI.F underperformed the US Electronic industry which returned -24.1% over the past year.

Return vs Market: MMTI.F underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is MMTI.F's price volatile compared to industry and market?
MMTI.F volatility
MMTI.F Average Weekly Movement26.3%
Electronic Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: MMTI.F is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 26% a week.

Volatility Over Time: MMTI.F's weekly volatility (26%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19855Joe Fudahttps://www.micromeminc.com

Micromem Technologies Inc., through its subsidiary, Micromem Applied Sensor Technology, Inc., develops and markets customized sensor applications based on its proprietary technology in Canada and internationally. It serves companies in various industry segments, including defense, life sciences, automotive, consumer, and mining. The company was formerly known as Avanti Corp International Inc. and changed its name to Micromem Technologies Inc. in January 1999.

Micromem Technologies Fundamentals Summary

How do Micromem Technologies's earnings and revenue compare to its market cap?
MMTI.F fundamental statistics
Market CapUS$19.40m
Earnings (TTM)-US$1.45m
Revenue (TTM)n/a

0.0x

P/S Ratio

-13.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMTI.F income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$1.45m
Earnings-US$1.45m

Last Reported Earnings

Jul 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0031
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-65.4%

How did MMTI.F perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MMTI.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MMTI.F?

Other financial metrics that can be useful for relative valuation.

MMTI.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-20.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does MMTI.F's PB Ratio compare to its peers?

MMTI.F PB Ratio vs Peers
The above table shows the PB ratio for MMTI.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.1x
DGLY Digital Ally
0.5x-56.5%US$21.8m
ELSE Electro-Sensors
1.3xn/aUS$17.2m
AATC Autoscope Technologies
1.3xn/aUS$24.6m
QNGY Quanergy Systems
1xn/aUS$25.0m
MMTI.F Micromem Technologies
n/an/aUS$19.4m

Price-To-Book vs Peers: MMTI.F is good value based on its Price-To-Book Ratio (-3.6x) compared to the peer average (1.1x).


Price to Earnings Ratio vs Industry

How does MMTI.F's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Book vs Industry: MMTI.F is good value based on its Price-To-Book Ratio (-3.6x) compared to the US Electronic industry average (1.6x)


Price to Book Ratio vs Fair Ratio

What is MMTI.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MMTI.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-3.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MMTI.F's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MMTI.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MMTI.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MMTI.F's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

  • Take a look at our analysis of MMTI.F's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Micromem Technologies regulatory filings here.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.7%

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 Micromem 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.


Discover growth companies

  • Take a look at our analysis of MMTI.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Micromem Technologies's filings and announcements here.

Past Performance

How has Micromem Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MMTI.F is currently unprofitable.

Growing Profit Margin: MMTI.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MMTI.F is unprofitable, but has reduced losses over the past 5 years at a rate of 25% per year.

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

Earnings vs Industry: MMTI.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (20.1%).


Return on Equity

High ROE: MMTI.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Micromem Technologies's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MMTI.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MMTI.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MMTI.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MMTI.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: MMTI.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MMTI.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 29% each year.


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Micromem Technologies Dividend Yield vs Market
How does Micromem Technologies dividend yield compare to the market?
SegmentDividend Yield
Company (Micromem Technologies)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Electronic)1.8%
Analyst forecast in 3 Years (Micromem Technologies)n/a

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if MMTI.F's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MMTI.F has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Joe Fuda (61 yo)

20.58yrs

Tenure

US$168,246

Compensation

Mr. Joseph Fuda, also known as Joe, serves as the Chief Executive Officer, President and Director at Micromem Technologies Inc. since February 13, 2002. Mr. Fuda has been the Chief Executive Officer of Ech...


CEO Compensation Analysis

Joe Fuda's Compensation vs Micromem Technologies Earnings
How has Joe Fuda's remuneration changed compared to Micromem Technologies's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 31 2022n/an/a

-US$1m

Apr 30 2022n/an/a

US$2m

Jan 31 2022n/an/a

-US$1m

Oct 31 2021US$168kUS$82k

-US$1m

Jul 31 2021n/an/a

-US$3m

Apr 30 2021n/an/a

-US$5m

Jan 31 2021n/an/a

-US$740k

Oct 31 2020US$18kUS$18k

-US$1m

Jul 31 2020n/an/a

-US$2m

Apr 30 2020n/an/a

-US$2m

Jan 31 2020n/an/a

-US$3m

Oct 31 2019US$5kUS$5k

-US$3m

Jul 31 2019n/an/a

-US$2m

Apr 30 2019n/an/a

-US$1m

Jan 31 2019n/an/a

-US$1m

Oct 31 2018US$16kn/a

-US$2m

Jul 31 2018n/an/a

-US$4m

Apr 30 2018n/an/a

-US$4m

Jan 31 2018n/an/a

-US$4m

Oct 31 2017US$419kUS$319k

-US$4m

Jul 31 2017n/an/a

-US$4m

Apr 30 2017n/an/a

-US$8m

Jan 31 2017n/an/a

-US$9m

Oct 31 2016US$354kUS$354k

-US$7m

Jul 31 2016n/an/a

-US$10m

Apr 30 2016n/an/a

-US$6m

Jan 31 2016n/an/a

-US$6m

Oct 31 2015US$151kUS$151k

-US$7m

Compensation vs Market: Joe's total compensation ($USD168.25K) is below average for companies of similar size in the US market ($USD774.31K).

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


Leadership Team

Experienced Management: MMTI.F's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: MMTI.F's board of directors are seasoned and experienced ( 12 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.


Ownership Breakdown

What is the ownership structure of MMTI.F?
Owner TypeNumber of SharesOwnership Percentage
Institutions40,0000.009%
Private Companies215,7160.05%
Individual Insiders4,638,0631.0%
General Public457,044,43998.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.1%.


Top Shareholders

Top 6 shareholders own 1.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.43%
Joseph Fuda
2,001,555$84.1k0%no data
0.23%
Oliver Nepomuceno
1,078,572$45.3k0%no data
0.19%
Alex Dey
899,795$37.8k0%no data
0.14%
Dan Amadori
658,141$27.6k0%no data
0.047%
LFC Advisors Inc.
215,716$9.1k0%no data
0.0087%
WhaleRock Point Partners, LLC
40,000$1.7k0%no data

Company Information

Micromem Technologies Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Micromem Technologies Inc.
  • Ticker: MMTI.F
  • Exchange: OTCPK
  • Founded: 1985
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$19.401m
  • Shares outstanding: 461.94m
  • Website: https://www.micromeminc.com

Number of Employees


Location

  • Micromem Technologies Inc.
  • 121 Richmond Street West
  • Suite 304
  • Toronto
  • Ontario
  • M5H 2K1
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMTI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1999
MRMCNSX (Canadian National Stock Exchange)YesCommon SharesCACADJan 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/07/31
Annual Earnings2021/10/31


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.