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Alignvest Acquisition II

TSX:AQY.A
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AQY.A
TSX
CA$118M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Alignvest Acquisition II Corporation intends to acquire businesses or assets through merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, and business combination. The last earnings update was 27 days ago. More info.


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AQY.A Share Price and Events
7 Day Returns
-1.3%
TSX:AQY.A
0.9%
CA Capital Markets
-0.3%
CA Market
1 Year Returns
-8.2%
TSX:AQY.A
19.2%
CA Capital Markets
10.7%
CA Market
AQY.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alignvest Acquisition II (AQY.A) -1.3% -0.8% -6.1% -8.2% - -
CA Capital Markets 0.9% -2.5% -2% 19.2% 12.6% 13.1%
CA Market -0.3% 0.1% 1.7% 10.7% 5.6% 20.6%
1 Year Return vs Industry and Market
  • AQY.A underperformed the Capital Markets industry which returned 19.2% over the past year.
  • AQY.A underperformed the Market in Canada which returned 10.7% over the past year.
Price Volatility
AQY.A
Industry
5yr Volatility vs Market

AQY.A Value

 Is Alignvest Acquisition II 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.

In this section, we usually try to help investors determine whether Alignvest Acquisition II is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Alignvest Acquisition II 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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Alignvest Acquisition II. This is due to cash flow or dividend data being unavailable. The share price is CA$9.14.
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 Alignvest Acquisition II's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alignvest Acquisition II's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AQY.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-1.12
TSX:AQY.A Share Price ** TSX (2019-12-06) in CAD CA$9.14
Canada Capital Markets Industry PE Ratio Median Figure of 18 Publicly-Listed Capital Markets Companies 12.69x
Canada Market PE Ratio Median Figure of 512 Publicly-Listed Companies 15.3x

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

** Primary Listing of Alignvest Acquisition II.

TSX:AQY.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AQY.A Share Price ÷ EPS (both in CAD)

= 9.14 ÷ -1.12

-8.17x

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

  • Alignvest Acquisition II is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Alignvest Acquisition II is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Alignvest Acquisition II's expected growth come at a high price?
Raw Data
TSX:AQY.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 2.2x
Canada Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Alignvest Acquisition II, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alignvest Acquisition II's assets?
Raw Data
TSX:AQY.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$-2.47
TSX:AQY.A Share Price * TSX (2019-12-06) in CAD CA$9.14
Canada Capital Markets Industry PB Ratio Median Figure of 142 Publicly-Listed Capital Markets Companies 0.87x
Canada Market PB Ratio Median Figure of 2,311 Publicly-Listed Companies 1.27x
TSX:AQY.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AQY.A Share Price ÷ Book Value per Share (both in CAD)

= 9.14 ÷ -2.47

-3.7x

* Primary Listing of Alignvest Acquisition II.

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

  • Alignvest Acquisition II has negative assets, we can't compare the value of its assets to the CA Capital Markets industry average.

Next steps:

  1. 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 Alignvest Acquisition II's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Capital Markets industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Alignvest Acquisition II'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Alignvest Acquisition II has a total score of 0/6, 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.

AQY.A Future Performance

 How is Alignvest Acquisition II expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Alignvest Acquisition II 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
5.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alignvest Acquisition II expected to grow at an attractive rate?
  • Unable to compare Alignvest Acquisition II's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Alignvest Acquisition II's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Alignvest Acquisition II's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:AQY.A Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
TSX:AQY.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AQY.A Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 -1 -14
2019-06-30 -1 4
2019-03-31 -2 -2
2018-12-31 -1 0
2018-09-30 -1 9
2018-06-30 -1 7
2018-03-31 -1 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Alignvest Acquisition II is high growth as no earnings estimate data is available.
  • Unable to determine if Alignvest Acquisition II is high growth as no revenue estimate data is available.
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
TSX:AQY.A 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 0 Analyst Estimates (S&P Global) See Below

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

TSX:AQY.A Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -1.12
2019-06-30 0.31
2019-03-31 -0.15
2018-12-31 0.04
2018-09-30 0.66
2018-06-30 0.50
2018-03-31 -1.76

*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 Alignvest Acquisition II will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Alignvest Acquisition II's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. Alignvest Acquisition II's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Alignvest Acquisition II'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 North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Alignvest Acquisition II 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.

AQY.A Past Performance

  How has Alignvest Acquisition II 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 Alignvest Acquisition II's growth in the last year to its industry (Capital Markets).
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.
  • Alignvest Acquisition II does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Alignvest Acquisition II's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Alignvest Acquisition II's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Alignvest Acquisition II'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 Alignvest Acquisition II Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AQY.A Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -14.42 7.30
2019-06-30 4.06 7.01
2019-03-31 -1.92 6.07
2018-12-31 0.49 5.40
2018-09-30 8.51 2.74
2018-06-30 6.62 2.15
2018-03-31 -20.82 1.52

*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.
  • It is difficult to establish if Alignvest Acquisition II has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Alignvest Acquisition II has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Alignvest Acquisition II improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Alignvest Acquisition II'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 Capital Markets 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.
Alignvest Acquisition II has a total score of 0/6, 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.

AQY.A Health

 How is Alignvest Acquisition II'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 Alignvest Acquisition II's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alignvest Acquisition II is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alignvest Acquisition II's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alignvest Acquisition II'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.
  • Alignvest Acquisition II has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Alignvest Acquisition II Company Filings, last reported 2 months ago.

TSX:AQY.A Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -31.80 0.00 0.10
2019-06-30 -14.14 0.00 0.17
2019-03-31 -20.99 0.00 0.31
2018-12-31 -24.54 0.00 0.83
2018-09-30 -17.38 0.00 1.29
2018-06-30 -18.20 0.00 1.58
2018-03-31 -19.07 0.00 1.98
  • Alignvest Acquisition II has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Alignvest Acquisition II's debt level has increased considering it has negative shareholder equity.
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.

  • Information is not available.
  • Unable to confirm if Alignvest Acquisition II has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Alignvest Acquisition II'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. Alignvest Acquisition II has a total score of 1/6, 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.

AQY.A Dividends

 What is Alignvest Acquisition II'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 Alignvest Acquisition II dividends.
If you bought CA$2,000 of Alignvest Acquisition II shares you are expected to receive CA$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 Alignvest Acquisition II's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alignvest Acquisition II'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
TSX:AQY.A 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 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Alignvest Acquisition II has not reported any payouts.
  • Unable to verify if Alignvest Acquisition II's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alignvest Acquisition II's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alignvest Acquisition II 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 Alignvest Acquisition II's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Alignvest Acquisition II afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alignvest Acquisition II 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.

AQY.A Management

 What is the CEO of Alignvest Acquisition II'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
Reza Satchu
COMPENSATION CA$0
AGE 49
TENURE AS CEO 2.6 years
CEO Bio

Mr. Reza R. Satchu is a Co-Founder of Alignvest Management Corporation and serves as its Managing Partner, Chief Executive Officer and President. Mr. Satchu has been Chief Executive Officer and President of Alignvest Acquisition II Corporation since May 1, 2017. He also serves as the Managing Partner at Alignvest Private Capital. Mr. Satchu has substantial experience as an entrepreneur and Investor. He served as the Chief Executive Officer of Alignvest Acquisition Corporation since May 21, 2015 and served as its President, where he was responsible for leading the team in sourcing, evaluating and executing the qualifying acquisition. Mr. Satchu has co-founded, built and managed several operating businesses from inception including: SupplierMarket, StorageNow and KGS-Alpha Capital Markets, LP. Previously, Mr. Satchu spent 12 years in New York where he was a General Partner and Vice President of Fenway Partners LLC. While at Fenway Partners, Mr. Satchu was involved in the acquisitions of Simmons Mattress, Delimex and Decorative Concepts. Prior to joining Fenway Partners in 1996, Mr. Satchu was an investment banker at Merrill Lynch & Co., Inc. Mr. Satchu served as an Executive Vice President of Strategic Development at SupplierMarket.com, Inc. since February 2000. From 2003 to 2009, he was an Adjunct Professor at the University of Toronto, where he taught Economics of Entrepreneurship. Mr. Satchu served as Financial Analyst in the High Yield Finance and Restructuring Group at Merrill Lynch & Co., Inc. and served as its Financial Analyst. He served as an Associate at CAI and as a Financial Analyst in the Mergers and Acquisitions division at Continental Partners Group. He served as Financial Analyst at Continental Partners VIII, LLC. He served as the Managing Director of Fenway since December 1999 and as its Vice President from December 1997 to December 1999. He served as an Associate of Fenway from May 1996 to November 1997. He is the Founding Chairman of The Next 36 and Next Canada. Mr. Satchu is the Chairman of the Center of Entrepreneurship at University of Toronto. He served as Vice-Chairman of the Hospital for Sick Children Foundation from 2009 to 2011. He has been Director of Alignvest Acquisition II Corporation since May 1, 2017. He serves as a Director of Trilogy International Partners Inc. since May 21, 2015, Supplier Market.com, SickKids Foundation and Decorative Concepts. He serves as Director of KGS-Alpha Capital Markets, LP. Mr. Satchu is a Member of Canada’s Top 40 Under 40. He is a Member of the Advisory Board of the Arthur Rock Center for Entrepreneurship at Harvard Business School. He is a Member of the Canadian Advisory Board to the Harvard Business School. He serves on the Board of the Hospital for Sick Children Foundation. He served as a Director of Alignvest Acquisition Corporation since May 21, 2015. He served as a Director of Iron Age Corporation and Iron Age Holdings Corporation since April 1999. Mr. Satchu has received "Canada’s Top 40 Under 40™" Award and the 2011 Management Achievement Award from McGill University (2011). Mr. Satchu holds an MBA from the Harvard Business School and a BA in Political Science and Economics from McGill University.

CEO Compensation
  • Insufficient data for Reza to compare compensation growth.
  • Insufficient data for Reza to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Alignvest Acquisition II management team in years:

2.6
Average Tenure
  • The tenure for the Alignvest Acquisition II management team is about average.
Management Team

Reza Satchu

TITLE
CEO, President & Director
AGE
49
TENURE
2.6 yrs

Sanjil Shah

TITLE
CFO & Corporate Secretary
TENURE
2.6 yrs

Vince Hemmer

TITLE
Chief Investment Officer & Director
AGE
50
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Alignvest Acquisition II board of directors in years:

2.6
Average Tenure
55
Average Age
  • The average tenure for the Alignvest Acquisition II board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Hodgson

TITLE
Chairman
AGE
58
TENURE
2.6 yrs

Reza Satchu

TITLE
CEO, President & Director
AGE
49
TENURE
2.6 yrs

Vince Hemmer

TITLE
Chief Investment Officer & Director
AGE
50
TENURE
2.6 yrs

Adam Jiwan

TITLE
Independent Director
TENURE
2.6 yrs

Tony Lacavera

TITLE
Independent Director
AGE
45
TENURE
2.6 yrs

Nadir Mohamed

TITLE
Director
AGE
62
TENURE
2.6 yrs

Andy Moysiuk

TITLE
Director
TENURE
2.6 yrs

Don Walker

TITLE
Independent Director
AGE
62
TENURE
2.6 yrs

Lee Lau

TITLE
Member of the Advisory Board

Joe Natale

TITLE
Member of the Advisory Board
AGE
55
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Alignvest Acquisition II'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. Alignvest Acquisition II 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.

AQY.A News

Simply Wall St News

Is Alignvest Acquisition II Corporation's (TSE:AQY.A) PE Ratio A Signal To Sell For Investors?

Alignvest Acquisition II Corporation (TSE:AQY.A) trades with a trailing P/E of 19.4x, which is higher than the industry average of 10.7x. … While this makes AQY.A appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for Alignvest Acquisition II

Simply Wall St -

Future Outlook Of The Financial Industry And Alignvest Acquisition II Corporation (TSX:AQYA)

However this rate still came in below the growth rate of the Canadian stock market as a whole. … This means it is an attractive growth stock relative to the wider Canadian stock market. … The capital markets sector’s PE is currently hovering around 14x, in-line with the Canadian stock market PE of 17x.

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AQY.A Company Info

Description

Alignvest Acquisition II Corporation intends to acquire businesses or assets through merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, and business combination. The company was founded in 2017 and is headquartered in Toronto, Canada. Alignvest Acquisition II Corporation is a subsidiary of Alignvest Management Corporation.

Details
Name: Alignvest Acquisition II Corporation
AQY.A
Exchange: TSX
Founded: 2017
CA$117,791,750
12,887,500
Website: http://www.alignvestacquisition.com
Address: Alignvest Acquisition II Corporation
First Canadian Place,
Suite 7050,
Toronto,
Ontario, M5X 1C7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AQY.A Class A Restricted Voting Shares The Toronto Stock Exchange CA CAD 05. Jul 2017
BST 0JQ Class A Restricted Voting Shares Boerse-Stuttgart DE EUR 05. Jul 2017
Number of employees
Current staff
Staff numbers
0
Alignvest Acquisition II employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 00:32
End of day share price update: 2019/12/06 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.