BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry.
The last earnings update was 22 days ago.
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
In this section, we usually try to help investors determine whether BLOK Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as BLOK Technologies 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
BLOK Technologies. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
BLOK Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
BLOK Technologies has negative assets, we can't compare the value of its assets to the CA Software industry average.
Take a look at our analysis of BLK’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 BLOK Technologies's regulatory filings and announcements.
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 BLOK 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 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
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
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare BLOK Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare BLOK Technologies's earnings growth to the Canada market average as no estimate data is available.
Unable to compare BLOK Technologies's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if BLOK Technologies is high growth as no earnings estimate data is available.
Unable to determine if BLOK Technologies 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.
BLOK Technologies's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
BLOK Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
BLOK Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
BLOK Technologies has no long term commitments.
This treemap shows a more detailed breakdown of
BLOK Technologies'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
BLOK Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. James Hyland, also known as Jamie, B.Comm., serves as President and Chief Executive Officer at BLOK Technologies Inc. He served as Interim President of BLOK Technologies Inc. since January 7, 2019. He served as a Director of New Point Exploration Corp. from August 2018 to August 22, 2018. Mr. Hyland was Vice President of Corporate Development at BLOK Technologies Inc. since October 23, 2017. Mr. Hyland serves as Vice President of Corporate Development at Stamper Oil & Gas Corp. (formerly, Panorama Petroleum Inc.). Mr. Hyland served as Interim Chief Executive Officer of Aida Minerals Corp Mr. Hyland serves as the Founding Partner of Tribeca. He has been Director of Resolve Ventures Inc. since January 5, 2018. He served as the Chief Financial Officer of CoreComm Solutions Inc. (formerly Venza Gold Corp.) from December 2, 2013 to April 15, 2014 and also served as its Principal Accounting Officer until April 15, 2014. Mr. Hyland has experience as a financial and marketing consultant, a corporate founder and manager of a number of early stage public and private Canadian businesses. Mr. Hyland has an extensive network of contacts within the financial community including brokers, fund managers, industry analysts and media, throughout North America, the United Kingdom and continental Europe. Mr. Hyland served as a Vice President of North American Sales at Dutton Associates, LLC. Mr. Hyland’s industry expertise includes hospitality, publishing, financial services, technology, mining, alternative energy and healthcare appliances. He has also worked with a major mining and resource publication based in Vancouver BC. He serves as the Chairman of Sierra Coastal Partners Inc. He has been Director of Universal Copper Ltd. (Tasca Resources Ltd.) since November 20, 2017. He has been a Director of BLOK Technologies Inc. since January 12, 2018. He served as a Director of CoreComm Solutions Inc. until April 15, 2014. Mr. Hyland earned a Bachelor of Commerce in Entrepreneurial Management from Royal Roads University of Victoria, BC. Canada.
Jamie's compensation has increased whilst company is loss making.
Jamie's remuneration is lower than average for companies of similar size in Canada.
CFO & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the BLOK Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors
CFO & Director
Member of Advisory Board
Member of Advisory Board
Member of Advisory Board
Non-Executive Independent Director
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by BLOK Technologies individual insiders in the past 3 months.
Investors Who Bought BLOK Technologies (CNSX:BLK) Shares A Year Ago Are Now Down 92%
BLOK Technologies hasn't yet reported any revenue yet, so it's as much a business idea as an actual business. … Investors will be hoping that BLOK Technologies can make progress and gain better traction for the business, before it runs low on cash. … But since the share price has dived -92% in the last year, it looks like some investors think it's time to abandon ship, so to speak.
What does BLOK Technologies Inc's (CNSX:BLK) Balance Sheet Tell Us About Its Future?
The direct benefit for BLOK Technologies Inc (CNSX:BLK), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is BLK will have to adhere to stricter debt covenants and have less financial flexibility. … Does BLK's growth rate justify its decision for financial flexibility over lower cost of capital.
BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry. It is involved in the design, programming, testing, business development, and implementation of the software. The company was formerly known as Aida Minerals Corp. and changed its name to BLOK Technologies Inc. in January 2018. BLOK Technologies Inc. was incorporated in 2013 and is headquartered in North Vancouver, Canada.
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