TruTrace Technologies Inc. provides an integrated blockchain platform that registers and tracks intellectual property for the cannabis industry in Canada.
The last earnings update was 64 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 TruTrace Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as TruTrace 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
TruTrace 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
TruTrace Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
TruTrace 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 TTT’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 TruTrace 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 TruTrace 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 TruTrace Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare TruTrace Technologies's earnings growth to the Canada market average as no estimate data is available.
Unable to compare TruTrace Technologies's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if TruTrace Technologies is high growth as no earnings estimate data is available.
Unable to determine if TruTrace 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.
TruTrace 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
TruTrace Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
TruTrace Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
TruTrace Technologies's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
TruTrace 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.
TruTrace 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. Robert M. Galarza, Esq. serves as the President of Game2Mobile, Inc. Mr. Galarza served as the President of Tarsin Mobile, Inc. (formerly, Empire Film Group, Inc.) since January 2015 until December 30, 2015 and served as its Director until December 30, 2015. He has been Chief Executive Officer and Director at TruTrace Technologies Inc. since May 17, 2018. Mr. Galarza has experience in the legal, entertainment, sports and marketing industries. In the entertainment industry, Mr. Galarza has produced full-length feature films, directed film and music festivals, and worked as a personal manager and advisor for a number of athletes and actors. Mr. Galarza is also a licensed attorney with experience in corporate transactions, mergers and acquisitions, corporate litigation, entertainment law and has also served as a law clerk in the Federal Courts. Mr. Galarza is the co-founder and chief executive officer of Spark Digital Technologies, Inc., a software company specializing in revolutionary enterprise technology, since 2016. Senior VicePresident of Digital Development for Heated Details from September 2015 to February 2016. Self-employed attorney from January 2015 to September 2015. Consulting attorney for Attlesey Storm LLP from June 2014 to January 2015. Festival Director for AMFM Fest / Film for Change LLC from December 2013 to June 2014. Self-employed attorney from March 2011 to December 2013. Mr. Galarza also serves as an advisory board member for the New Mexico Lawyers for the Arts, is a regular panelist in the independent film festival circuit and works heavily with the Hispanic 100 of Southern California. Mr. Galarza holds a bachelor's of science degree from the University of Texas at Austin and a doctorate of jurisprudence from St. Mary's University College of Law with cum laude honors, where he held a position on the St. Mary's Law Journal, and was a member of the prestigious John M. Harlan Society and the Phi Delta Phi International Legal Society.
Insufficient data for Robert to compare compensation growth.
Robert's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
management team in years:
The average tenure for the TruTrace Technologies management team is less than 2 years, this suggests a new team.
Co-Founder & Chairman
CEO & Director
Co-Founder & CTO
CFO, Secretary & Director
Chief Medical Manager
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the TruTrace Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors
Co-Founder & Chairman
CEO & Director
CFO, Secretary & Director
Member of Advisory Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
TruTrace Technologies Inc. provides an integrated blockchain platform that registers and tracks intellectual property for the cannabis industry in Canada. Its technology allows cannabis growers and breeders to identify and secure rights to their intellectual property, as well as offers administrative, and genetic and mandatory quality-control testing services for legal cannabis. TruTrace Technologies Inc. has a strategic alliance with Deloitte LLP to deliver blockchain product-traceability solutions to the cannabis industry. The company was formerly known as BLOCKStrain Technology Corp. and changed its name to TruTrace Technologies Inc. in April 2019. TruTrace Technologies Inc. is headquartered in Calgary, Canada.
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