OTCPK:SIML

Stock Analysis Report

Executive Summary

Simlatus Corporation develops, manufactures, and markets audio and video broadcast equipment and software worldwide.

Risk Analysis

Earnings have declined by -1.32% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue ($33K)

Does not have a meaningful market cap ($743K)

+ 2 more risks


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-30.2%

SIML

-4.3%

US Communications

0.06%

US Market


1 Year Return

-96.1%

SIML

-7.1%

US Communications

19.4%

US Market

Return vs Industry: SIML underperformed the US Communications industry which returned 6.7% over the past year.

Return vs Market: SIML underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

SIMLIndustryMarket
7 Day-30.2%-4.3%0.06%
30 Day-50.4%-4.5%1.1%
90 Day-26.3%3.4%8.9%
1 Year-96.1%-96.1%-5.2%-7.1%21.9%19.4%
3 Year-100.0%-100.0%30.9%22.9%48.9%39.3%
5 Year-100.0%-100.0%58.1%40.5%71.9%53.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Simlatus is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Simlatus has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SIML’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 Simlatus regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

13.1%

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 Simlatus 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

  • Take a look at our analysis of SIML’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 Simlatus's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Simlatus performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIML is currently unprofitable.

Growing Profit Margin: SIML is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIML is unprofitable, and losses have increased over the past 5 years at a rate of -1.3% per year.

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

Earnings vs Industry: SIML is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (12.6%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Simlatus's financial position?


Financial Position Analysis

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

Long Term Liabilities: SIML 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: SIML has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

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

Debt Coverage by Assets: SIML has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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

Forecast Cash Runway: SIML has less than a year of cash runway if free cash flow continues to grow at historical rates of 79.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if SIML'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 SIML'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?

0.3yrs

Average management tenure


CEO

Richard Hylen (72yo)

0.3yrs

Tenure

0

Mr. Richard N. Hylen has been the Chief Executive Officer, Chairman of the Board, and Corporate President, Secretary, and Treasurer of Simlatus Corporation since November 1, 2018. He has been Chief Executi ...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Stillwaugh
President1.8yrsUS$147.29kno data
Mike Schatz
Vice President0.3yrsUS$147.29kno data
Richard Hylen
CEO, Chairman0.3yrsno datano data
Robert Murphy
Chief Geological & Geophysical Advisor and Member of Advisory Board0yrsno datano data
Robert Hoar
Head of iExploration & Development of Resource Properties8.2yrsno datano data
Baron Tennelle
President of Proscere Bioscience0.2yrsno datano data

0.3yrs

Average Tenure

72.5yo

Average Age

Experienced Management: SIML's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Richard Hylen
CEO, Chairman0.3yrsno datano data
Robert Murphy
Chief Geological & Geophysical Advisor and Member of Advisory Board0yrsno datano data
Baron Tennelle
President of Proscere Bioscience0.2yrsno datano data
Dusty Vereker
Director & VP of Proscere Bioscience0.08yrsno datano data

0.2yrs

Average Tenure

42yo

Average Age

Experienced Board: SIML's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


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

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Simlatus Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Simlatus Corporation
  • Ticker: SIML
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$742.883k
  • Shares outstanding: 125.91m
  • Website: https://simlatus.com

Number of Employees


Location

  • Simlatus Corporation
  • 175 Joerschke Drive
  • Suite A
  • Grass Valley
  • California
  • 95945
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIMLOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2007

Biography

Simlatus Corporation develops, manufactures, and markets audio and video broadcast equipment and software worldwide. The company offers a range of broadcast products, such as switchers, controllers, protection switches, HD and analog routers, and audio distribution equipment, as well as SoundPal and SyncPal audio/video signaling products. It sells its products through a distribution network of audio/video equipment retailers. The company was formerly known as Grid Petroleum Corporation and changed its name to Simlatus Corporation in April 2016. Simlatus Corporation was founded in 2006 and is based in Grass Valley, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/25 00:06
End of Day Share Price2019/03/22 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


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.