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Photon Control

OTCPK:POCE.F
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
POCE.F
OTCPK
CA$137M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Photon Control Inc. designs, manufactures, and distributes a range of optical sensors and systems to measure temperature and position. The last earnings update was 2 days ago. More info.


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  • Photon Control has significant price volatility in the past 3 months.
POCE.F Share Price and Events
7 Day Returns
11.6%
OTCPK:POCE.F
-0.2%
US Electronic
0.4%
US Market
1 Year Returns
-31.2%
OTCPK:POCE.F
0.1%
US Electronic
3.5%
US Market
POCE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Photon Control (POCE.F) 11.6% -16.4% 53.7% -31.2% - 245.3%
US Electronic -0.2% 0.3% 22.8% 0.1% 60% 59.3%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • POCE.F underperformed the Electronic industry which returned 0.1% over the past year.
  • POCE.F underperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
POCE.F
Industry
5yr Volatility vs Market

POCE.F Value

 Is Photon Control undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Photon Control to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Photon Control.

OTCPK:POCE.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:POCE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.07 (1 + (1- 26.5%) (0%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.047 * 5.96%)
8.97%

Discounted Cash Flow Calculation for OTCPK:POCE.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Photon Control is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:POCE.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.97%)
2019 7.30 Analyst x2 6.70
2020 11.17 Analyst x2 9.41
2021 12.66 Est @ 13.35% 9.79
2022 13.95 Est @ 10.17% 9.90
2023 15.06 Est @ 7.93% 9.80
2024 16.02 Est @ 6.37% 9.57
2025 16.87 Est @ 5.28% 9.24
2026 17.63 Est @ 4.52% 8.87
2027 18.33 Est @ 3.98% 8.46
2028 18.99 Est @ 3.6% 8.04
Present value of next 10 years cash flows CA$89.78
OTCPK:POCE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$18.99 × (1 + 2.73%) ÷ (8.97% – 2.73%)
CA$312.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$312.70 ÷ (1 + 8.97%)10
CA$132.48
OTCPK:POCE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$89.78 + CA$132.48
CA$222.25
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$222.25 / 109.44
CA$2.03
OTCPK:POCE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:POCE.F represents 0.792x of TSX:PHO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.792x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.03 x 0.792
$1.61
Value per share (USD) From above. $1.61
Current discount Discount to share price of $0.99
= -1 x ($0.99 - $1.61) / $1.61
38.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Photon Control is available for.
Intrinsic value
38%
Share price is $0.99 vs Future cash flow value of $1.61
Current Discount Checks
For Photon Control to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Photon Control's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Photon Control's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Photon Control's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Photon Control's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:POCE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.10
TSX:PHO Share Price ** TSX (2019-03-22) in CAD CA$1.25
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.26x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Photon Control.

OTCPK:POCE.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PHO Share Price ÷ EPS (both in CAD)

= 1.25 ÷ 0.10

12.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Photon Control is good value based on earnings compared to the US Electronic industry average.
  • Photon Control is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Photon Control's expected growth come at a high price?
Raw Data
OTCPK:POCE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-21.2%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:POCE.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.97x ÷ -21.2%

-0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Photon Control earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Photon Control's assets?
Raw Data
OTCPK:POCE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.49
TSX:PHO Share Price * TSX (2019-03-22) in CAD CA$1.25
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:POCE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PHO Share Price ÷ Book Value per Share (both in CAD)

= 1.25 ÷ 0.49

2.56x

* Primary Listing of Photon Control.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Photon Control is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Photon Control's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Photon Control has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

POCE.F Future Performance

 How is Photon Control expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Photon Control expected to grow at an attractive rate?
  • Photon Control's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Photon Control's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Photon Control's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:POCE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:POCE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -21.2%
OTCPK:POCE.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -3.1%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:POCE.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:POCE.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 45 11 9 2
2019-12-31 38 7 5 3
OTCPK:POCE.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 47 13 11
2018-09-30 50 19 11
2018-06-30 51 16 11
2018-03-31 46 5 7
2017-12-31 44 8 6
2017-09-30 42 4 4
2017-06-30 39 9 5
2017-03-31 37 9 7
2016-12-31 32 7 7
2016-09-30 29 6 7
2016-06-30 26 3 7
2016-03-31 28 11 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Photon Control's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Photon Control's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:POCE.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Photon Control Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:POCE.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.08 0.08 0.08 2.00
2019-12-31 0.04 0.04 0.04 3.00
OTCPK:POCE.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.10
2018-06-30 0.10
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 0.05
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 0.07
2016-06-30 0.06
2016-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Photon Control will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Photon Control's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Photon Control has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

POCE.F Past Performance

  How has Photon Control performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Photon Control's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Photon Control's year on year earnings growth rate has been positive over the past 5 years.
  • Photon Control's 1-year earnings growth exceeds its 5-year average (87.7% vs 11.5%)
  • Photon Control's earnings growth has exceeded the US Electronic industry average in the past year (87.7% vs 61%).
Earnings and Revenue History
Photon Control's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Photon Control Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:POCE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 46.70 10.68 9.56 3.53
2018-09-30 49.50 10.64 9.86 3.41
2018-06-30 51.48 11.06 9.71 3.27
2018-03-31 45.79 6.88 8.60 3.21
2017-12-31 43.81 5.69 7.75 3.16
2017-09-30 41.79 4.39 6.93 2.88
2017-06-30 38.50 4.90 6.25 2.30
2017-03-31 36.86 6.63 5.34 1.83
2016-12-31 32.17 6.52 4.67 1.25
2016-09-30 28.96 6.87 3.75 1.04
2016-06-30 26.20 6.66 3.38 1.03
2016-03-31 27.92 8.07 3.25 0.87
2015-12-31 27.57 9.20 3.31 0.84
2015-09-30 27.78 8.33 3.61 0.85
2015-06-30 26.96 7.78 3.83 0.86
2015-03-31 22.12 5.69 3.62 0.93
2014-12-31 21.04 5.04 3.23 0.99
2014-09-30 21.15 5.44 2.70 0.96
2014-06-30 20.62 5.15 2.16 0.94
2014-03-31 20.20 5.17 2.14 0.89
2013-12-31 17.26 3.49 2.08 0.88
2013-09-30 13.37 3.77 2.01 0.76
2013-06-30 11.13 2.96 1.91 0.61
2013-03-31 10.25 2.84 1.80 0.47
2012-12-31 10.50 3.04 1.83 0.35
2012-09-30 10.24 4.93 1.68 0.52
2012-06-30 10.61 5.03 1.76 0.61
2012-03-31 11.31 4.78 2.13 0.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Photon Control has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Photon Control used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Photon Control's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Photon Control's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Photon Control has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

POCE.F Health

 How is Photon Control's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Photon Control's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Photon Control is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Photon Control's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Photon Control's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Photon Control has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Photon Control Company Filings, last reported 2 months ago.

OTCPK:POCE.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 53.67 0.00 42.41
2018-09-30 54.38 0.00 42.65
2018-06-30 54.22 0.00 40.79
2018-03-31 49.87 0.00 33.37
2017-12-31 46.66 0.00 34.35
2017-09-30 43.55 0.00 26.97
2017-06-30 41.21 0.00 25.05
2017-03-31 40.47 0.00 32.11
2016-12-31 38.87 0.00 32.51
2016-09-30 38.02 0.00 31.14
2016-06-30 34.83 0.00 23.54
2016-03-31 33.29 0.00 27.30
2015-12-31 31.64 0.00 26.23
2015-09-30 29.84 0.00 25.00
2015-06-30 27.72 0.00 20.52
2015-03-31 24.80 0.00 16.71
2014-12-31 21.65 0.00 14.06
2014-09-30 20.44 0.00 11.81
2014-06-30 18.61 0.00 9.74
2014-03-31 17.77 0.00 7.17
2013-12-31 15.91 0.00 6.07
2013-09-30 14.67 0.00 4.56
2013-06-30 13.50 0.00 3.87
2013-03-31 12.74 0.00 3.58
2012-12-31 12.33 0.00 3.61
2012-09-30 10.74 0.00 2.84
2012-06-30 10.43 0.00 1.67
2012-03-31 9.80 0.00 1.46
  • Photon Control has no debt.
  • Photon Control has not taken on any debt in the past 5 years.
  • Photon Control has no debt, it does not need to be covered by operating cash flow.
  • Photon Control has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Photon Control's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Photon Control has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

POCE.F Dividends

 What is Photon Control's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Photon Control dividends.
If you bought $2,000 of Photon Control shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Photon Control's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Photon Control's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:POCE.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:POCE.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Photon Control has not reported any payouts.
  • Unable to verify if Photon Control's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Photon Control's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Photon Control has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Photon Control's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Photon Control afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Photon Control has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

POCE.F Management

 What is the CEO of Photon Control's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David McDonnell
COMPENSATION CA$122,600
TENURE AS CEO 0.3 years
CEO Bio

Mr. David Neil McDonnell has been the President and Chief Executive Officer at Javini Holdings Co. since June 2010. Mr. McDonnell served as the Chief Executive Officer of Wurldtech Security Technologies (acquired by General Electric in 2015) from July 2011 to May 2015. Mr. McDonnell has been in the technology industry for over 30 years. He is a recognized leader in the Canadian technology industry. He has experience in all aspects of operating public and private technology companies and has been involved in many merger and acquisition activities. He served as President of Wurldtech from 2011 to 2015. He held senior positions at several British Columbia's most successful companies, including Chief Executive Officer TeraSpan Networks Inc. He spent his early career at Northern Telecom, Epic Data and Dynapro. He served as General Manager and Executive Vice President at Plexus Systems Design. He served as Chief Operating Officer of TIR systems Limited (a Royal Philips company), Chief Operating Officer of Mobile Data Solutions Inc. and Chief Executive Officer of Intrinsyc Technologies Corporation/Intrinsyc Software. He serves as chair of Coligo Software. He has been the Chairman of the Board at Photon Control Inc. since January 13, 2017 and has been its Interim Chief Executive Officer since December 2018. He is a Director of Symbility Software, Director of Espial & Chair of EDP Software. He was Chair of Agreement Express & Executive Chair of ResponseTek. He serves as a Director of Symbility Solutions Inc., since September 15, 2017 and has become Independent since January 10, 2018. He served as chair of QHR Technologies (acquired by George Weston in 2016) from June 2015 to October 2016 and TeraSpan Networks Inc. He has been a Director of Photon Control, Inc., since November 2, 2016. He served as Chair and Director of TitanStar Properties and bclc. He is active as an Executive in Residence for the British Columbia Technology Industry Association, an advisor to the ICBC board and as a director for the British Columbia Lottery Corporation from 2001 to 2011. Mr. McDonnell holds a Master of Business Administration from the University of British Columbia and a Bachelor of Commerce from the University of Toronto.

CEO Compensation
  • David's compensation has increased by more than 20% in the past year.
  • David's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Photon Control management team in years:

1.5
Average Tenure
  • The average tenure for the Photon Control management team is less than 2 years, this suggests a new team.
Management Team

David McDonnell

TITLE
Interim CEO & Chairman of the Board
COMPENSATION
CA$123K
TENURE
0.3 yrs

Daniel Lee

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$284K
TENURE
1.7 yrs

Yuri Sikorski

TITLE
Senior Vice President of Engineering
COMPENSATION
CA$413K
TENURE
1.3 yrs

Michael Weston

TITLE
Special Advisor
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure of the Photon Control board of directors in years:

1.7
Average Tenure
  • The average tenure for the Photon Control board of directors is less than 3 years, this suggests a new board.
Board of Directors

David McDonnell

TITLE
Interim CEO & Chairman of the Board
COMPENSATION
CA$123K
TENURE
2.2 yrs

Ronan McGrath

TITLE
Lead Independent Director
COMPENSATION
CA$112K
TENURE
0.3 yrs

Michele Klein

TITLE
Director
COMPENSATION
CA$7K
TENURE
1.4 yrs

Chuck Cargile

TITLE
Director
COMPENSATION
CA$20K
AGE
53
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Dec 18 Buy Daniel Lee Individual 21. Dec 18 21. Dec 18 20,500 $0.63 $12,855
21. Dec 18 Buy David McDonnell Individual 19. Dec 18 20. Dec 18 10,000 $0.66 $6,558
21. Dec 18 Buy Ronan McGrath Individual 19. Dec 18 19. Dec 18 50,000 $0.71 $35,272
24. Sep 18 Buy Ronan McGrath Individual 21. Sep 18 21. Sep 18 10,000 $1.39 $13,933
21. Sep 18 Buy Scott Edmonds Individual 21. Sep 18 21. Sep 18 5,009 $1.39 $6,940
21. Sep 18 Buy David McDonnell Individual 21. Sep 18 21. Sep 18 10,000 $1.39 $13,933
11. Sep 18 Buy Scott Edmonds Individual 11. Sep 18 11. Sep 18 5,000 $1.58 $7,897
X
Management checks
We assess Photon Control's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Photon Control has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

POCE.F News

Simply Wall St News

POCE.F Company Info

Description

Photon Control Inc. designs, manufactures, and distributes a range of optical sensors and systems to measure temperature and position. The company specializes in rapid prototyping and manufacturing of custom original equipment manufacturer (OEM) solutions for contact and immersion optical temperature sensing for dielectric and conductor etch applications. It also provides temperature converters that are designed and developed to meet the requirements of high RF semiconductor process control applications; and multi-channel system, a single electronic enclosure for 4 channels, which reduces the space required for temperature sensing systems. In addition, the company custom designs, develops, and manufactures optical position and displacement sensors that could measure wafer/chuck edge and center locations. Further, it offers customized optical spectrometers for OEM integrations and core research supporting techniques that include transmission, reflectance, emission, fluorescence, and Raman analysis for investigations into the ultraviolet, visible, and near infrared regions. Photon Control Inc. serves wafer fabrication equipment manufacturers and end users in the semiconductor and related industries in the United States, Asia, Canada, and Europe. The company was formerly known as Coldswitch Technologies Inc. and changed its name to Photon Control Inc. in 2002. Photon Control Inc. was founded in 1988 and is headquartered in Richmond, Canada.

Details
Name: Photon Control Inc.
POCE.F
Exchange: OTCPK
Founded: 1988
CA$102,042,797
109,442,125
Website: http://www.photoncontrol.com
Address: Photon Control Inc.
130-13500 Verdun Place,
Richmond,
British Columbia, V6V 1V2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PHO Common Shares The Toronto Stock Exchange CA CAD 17. Aug 2000
OTCPK POCE.F Common Shares Pink Sheets LLC US USD 17. Aug 2000
DB 0E5 Common Shares Deutsche Boerse AG DE EUR 17. Aug 2000
Number of employees
Current staff
Staff numbers
84
Photon Control employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:21
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.