Micromem Technologies Inc., through with its subsidiary Micromem Applied Sensor Technologies, Inc., develops customized magnetic sensor applications for companies in various industry segments based on its proprietary technology in North America.
The last earnings update was 4 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 Micromem Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Micromem 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
Micromem 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
Micromem Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
Micromem Technologies has negative assets, we can't compare the value of its assets to the CA Electronic industry average.
Take a look at our analysis of MRM’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 Micromem 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 Micromem 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 Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Micromem Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Micromem Technologies's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Micromem Technologies's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Micromem Technologies is high growth as no earnings estimate data is available.
Unable to determine if Micromem 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.
Micromem 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
Micromem Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
Micromem Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Micromem Technologies has no long term commitments.
This treemap shows a more detailed breakdown of
Micromem 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.
Micromem 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. Joseph Fuda serves as the Chief Executive Officer and President at Micromem Technologies Inc. since February 13, 2002. Mr. Fuda has been the Chief Executive Officer of Echo Energy Canada Inc., since December 2008. He serves as Vice President of Leader Capital Corp. He served as Vice President of Echo Energy Inc. He served as an Executive Vice President of Echo Energy Canada Inc. and as its Vice President since May 2003. He served as Manager for Strategic Alliances of Micromem since February 2001. He served as Consultant of Micromem since November 2000. Prior thereto, he served as a Vice-President of IPO Capital Corp., since November 1998. Mr. Fuda served as President of Glendale Securities Inc., from September 1990 to November 1998. He has been Director of Echo Energy Canada Inc., since December 2008. He serves as Chairman of the Board and Director at of Echo Energy Canada Inc. He has been a Director of Micromem Technologies Inc. since February 13, 2002. He served as Director of Echo Energy Inc. since May 2001. He served as a Director of Leader Capital Corp., from 2004 to August 22, 2007. Mr. Fuda served as Director of IPO Capital Corp., since November 1998 and Glendale Securities Inc., from September 1990 to November 1998.
Joseph's compensation has been consistent with company performance over the past year, both up more than 20%.
Joseph's remuneration is lower 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 Micromem Technologies management team is less than 2 years, this suggests a new team.
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Micromem Technologies board of directors is about average.
Board of Directors
Member of Advisory Board
Member of Advisory Board
Brian Von Herzen
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Micromem Technologies individual insiders in the past 3 months, but not in substantial volumes.
Micromem Technologies Inc., through with its subsidiary Micromem Applied Sensor Technologies, Inc., develops customized magnetic sensor applications for companies in various industry segments based on its proprietary technology in North America. The company was formerly known as Avanti Corp International Inc. and changed its name to Micromem Technologies Inc. in January 1999. Micromem Technologies Inc. was founded in 1969 and is headquartered in Toronto, Canada.
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