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Environmental Tectonics

OTCPK:ETCC
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETCC
OTCPK
$9M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Environmental Tectonics Corporation, together with its subsidiaries, operates as an engineered solutions company in the United States and internationally. The last earnings update was 75 days ago. More info.


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ETCC Share Price and Events
7 Day Returns
-1.4%
OTCPK:ETCC
-5.7%
US Aerospace & Defense
2.4%
US Market
1 Year Returns
-16.2%
OTCPK:ETCC
-16.9%
US Aerospace & Defense
-10%
US Market
ETCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Environmental Tectonics (ETCC) -1.4% -2.4% -15.6% -16.2% 6.5% -55.5%
US Aerospace & Defense -5.7% -22.7% -32.4% -16.9% -4.5% 17.8%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • ETCC matched the Aerospace & Defense industry (-16.9%) over the past year.
  • ETCC underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
ETCC
Industry
5yr Volatility vs Market

Value

 Is Environmental Tectonics 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Environmental Tectonics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Environmental Tectonics.

OTCPK:ETCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ETCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 21%) (219.95%))
1.881
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.881 * 5.44%)
11.98%

Discounted Cash Flow Calculation for OTCPK:ETCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Environmental Tectonics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OTCPK:ETCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.98%)
2020 8.25 Est @ 92.98% 7.37
2021 13.67 Est @ 65.61% 10.90
2022 20.02 Est @ 46.45% 14.26
2023 26.63 Est @ 33.03% 16.94
2024 32.93 Est @ 23.65% 18.70
2025 38.55 Est @ 17.07% 19.56
2026 43.36 Est @ 12.47% 19.64
2027 47.37 Est @ 9.25% 19.17
2028 50.68 Est @ 7% 18.31
2029 53.43 Est @ 5.42% 17.24
Present value of next 10 years cash flows $162.00
OTCPK:ETCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $53.43 × (1 + 1.74%) ÷ (11.98% – 1.74%)
$531.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $531.12 ÷ (1 + 11.98%)10
$171.39
OTCPK:ETCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $162.00 + $171.39
$333.39
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $333.39 / 15.57
$21.41
OTCPK:ETCC Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.41
Current discount Discount to share price of $0.58
= -1 x ($0.58 - $21.41) / $21.41
97.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Environmental Tectonics is available for.
Intrinsic value
>50%
Share price is $0.58 vs Future cash flow value of $21.41
Current Discount Checks
For Environmental Tectonics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Environmental Tectonics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Environmental Tectonics's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Environmental Tectonics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Environmental Tectonics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ETCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-29) in USD $-0.09
OTCPK:ETCC Share Price ** OTCPK (2020-04-06) in USD $0.58
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 13.44x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

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

** Primary Listing of Environmental Tectonics.

OTCPK:ETCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ETCC Share Price ÷ EPS (both in USD)

= 0.58 ÷ -0.09

-6.57x

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

  • Environmental Tectonics is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • Environmental Tectonics is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Environmental Tectonics's expected growth come at a high price?
Raw Data
OTCPK:ETCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.65x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*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 Environmental Tectonics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Environmental Tectonics's assets?
Raw Data
OTCPK:ETCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-29) in USD $0.62
OTCPK:ETCC Share Price * OTCPK (2020-04-06) in USD $0.58
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.71x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
OTCPK:ETCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ETCC Share Price ÷ Book Value per Share (both in USD)

= 0.58 ÷ 0.62

0.94x

* Primary Listing of Environmental Tectonics.

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

  • Environmental Tectonics is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess Environmental Tectonics'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Environmental Tectonics has a total score of 3/6, 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.

Future Performance

 How is Environmental Tectonics 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 Environmental Tectonics 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
10.3%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Environmental Tectonics expected to grow at an attractive rate?
  • Unable to compare Environmental Tectonics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Environmental Tectonics's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Environmental Tectonics's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ETCC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:ETCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ETCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-11-29 46 5 -1
2019-08-30 50 7 2
2019-05-31 49 9 2
2019-02-22 48 13 3
2018-11-23 47 -2 3
2018-08-24 47 -4 3
2018-05-25 47 -3 3
2018-02-23 48 -2 2
2017-11-24 45 -4 1
2017-08-25 43 0 1
2017-05-26 41 0 0
2017-02-24 40 1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Environmental Tectonics is high growth as no earnings estimate data is available.
  • Unable to determine if Environmental Tectonics 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
OTCPK:ETCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Environmental Tectonics Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ETCC Past Financials Data
Date (Data in USD Millions) EPS *
2019-11-29 -0.09
2019-08-30 0.13
2019-05-31 0.13
2019-02-22 0.20
2018-11-23 0.21
2018-08-24 0.19
2018-05-25 0.19
2018-02-23 0.15
2017-11-24 0.08
2017-08-25 0.06
2017-05-26 -0.02
2017-02-24 -0.06

*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 Environmental Tectonics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Environmental Tectonics is trading at Environmental Tectonics'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Environmental Tectonics'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 Capital Goods companies here
  3. 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 Environmental Tectonics's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Environmental Tectonics'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Environmental Tectonics 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.

Past Performance

  How has Environmental Tectonics 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 Environmental Tectonics's growth in the last year to its industry (Aerospace & Defense).
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.
  • Environmental Tectonics does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Environmental Tectonics's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Environmental Tectonics's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
Environmental Tectonics'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 Environmental Tectonics Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ETCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-29 46.12 -1.37 10.23 1.32
2019-08-30 50.31 2.00 10.25 1.32
2019-05-31 48.55 2.04 10.41 1.32
2019-02-22 48.42 3.15 10.75 1.32
2018-11-23 47.40 3.19 11.13 1.51
2018-08-24 47.45 2.91 11.30 1.51
2018-05-25 47.29 2.88 11.17 1.51
2018-02-23 48.09 2.38 11.53 1.51
2017-11-24 44.94 1.19 11.49 1.61
2017-08-25 43.23 0.90 11.39 1.61
2017-05-26 40.60 -0.32 11.46 1.61
2017-02-24 39.83 -0.92 11.11 1.61
2016-11-25 36.67 -10.70 10.93 1.80
2016-08-26 38.31 -11.33 11.40 1.80
2016-05-27 40.82 -11.02 11.49 1.80
2016-02-26 39.63 -10.78 11.75 1.80
2015-11-27 40.74 -1.88 11.19 1.34
2015-08-28 36.70 -3.33 11.24 1.34
2015-05-29 36.19 -3.76 11.62 1.34
2015-02-27 37.34 -3.72 11.35 1.34
2014-11-28 39.63 -2.59 10.55 1.73
2014-08-29 44.13 -0.71 10.03 1.73
2014-05-30 46.37 0.37 9.89 1.73
2014-02-28 48.27 0.60 10.37 1.73
2013-11-29 51.69 2.47 12.29 1.17
2013-08-30 54.49 3.23 13.14 1.17
2013-05-31 59.29 3.28 13.63 1.17

*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 Environmental Tectonics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Environmental Tectonics has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Environmental Tectonics 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 Environmental Tectonics'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 Aerospace & Defense 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.
Environmental Tectonics 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.

Health

 How is Environmental Tectonics'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 Environmental Tectonics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Environmental Tectonics's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Environmental Tectonics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Environmental Tectonics'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
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 Environmental Tectonics Company Filings, last reported 4 months ago.

OTCPK:ETCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-29 9.84 19.33 1.58
2019-08-30 12.16 18.80 2.14
2019-05-31 11.97 17.97 3.87
2019-02-22 12.54 12.36 5.06
2018-11-23 11.45 22.56 0.33
2018-08-24 10.71 23.70 0.62
2018-05-25 10.10 23.50 0.70
2018-02-23 9.63 20.89 0.33
2017-11-24 8.67 20.63 0.36
2017-08-25 8.23 19.22 0.56
2017-05-26 8.06 19.51 0.31
2017-02-24 7.98 17.92 0.45
2016-11-25 7.94 16.46 0.73
2016-08-26
2016-05-27 8.49 17.96 0.71
2016-02-26 9.11 19.40 0.98
2015-11-27 19.27 21.76 0.78
2015-08-28 19.42 19.17 0.62
2015-05-29 19.92 20.50 0.25
2015-02-27 20.25 20.62 0.61
2014-11-28 21.21 18.53 1.07
2014-08-29 22.96 19.91 0.44
2014-05-30 24.02 16.40 0.91
2014-02-28 24.33 21.48 0.94
2013-11-29 24.21 24.36 1.22
2013-08-30 24.24 23.83 1.70
2013-05-31 24.21 24.73 1.42
  • Environmental Tectonics's level of debt (196.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.7% vs 196.5% today).
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.

  • Whilst loss making Environmental Tectonics has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Environmental Tectonics has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -9.4% per year.
X
Financial health checks
We assess Environmental Tectonics'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. Environmental Tectonics has a total score of 3/6, 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.

Dividends

 What is Environmental Tectonics'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 Environmental Tectonics dividends.
If you bought $2,000 of Environmental Tectonics shares you are expected to receive $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 Environmental Tectonics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Environmental Tectonics'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
OTCPK:ETCC 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
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

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 Environmental Tectonics has not reported any payouts.
  • Unable to verify if Environmental Tectonics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Environmental Tectonics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Environmental Tectonics 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 Environmental Tectonics'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 Environmental Tectonics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Environmental Tectonics 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.

Management

 What is the CEO of Environmental Tectonics'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
Bob Laurent
COMPENSATION $171,742
AGE 64
TENURE AS CEO 5.6 years
CEO Bio

Mr. Robert L. Laurent, Jr., also known as Bob, has been the Chief Executive Officer of Environmental Tectonics Corporation since September 19, 2014 and President since November 19, 2013 and serves as Corporate Secretary. Mr. Laurent served as the Chief Financial Officer of Environmental Tectonics Corp. since July 8, 2011 until November 2013 and Controller since 2011 until November 2013 and also served as its Chief Accounting Officer until November 2013. From 1987 to 2008, he was with Fedders Corporation. Mr. Laurent served as Executive Vice President of Finance and Acquisitions from 1987 to 1998, Chief Financial Officer from November 2004 to 2008 and Executive Vice President of Acquisitions and Alliances from January 1999 to 2004 of Fedders Corp. He was a private consultant from 2008 to 2010. He has been a Director of Environmental Tectonics Corporation since September 19, 2014. Mr. Laurent received a B.S in Accounting from Villanova University.

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

Average tenure and age of the Environmental Tectonics management team in years:

6.4
Average Tenure
56
Average Age
  • The average tenure for the Environmental Tectonics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Laurent

TITLE
President
COMPENSATION
$172K
AGE
64
TENURE
5.6 yrs

James Cashel

TITLE
VP, General Counsel
COMPENSATION
$242K
AGE
56
TENURE
4.8 yrs

Mark Prudenti

TITLE
CFO & Treasurer
AGE
43
TENURE
6.4 yrs

Alper Kus

TITLE
Senior Vice President of Aircrew Training Systems

Dick Leland

TITLE
Vice President of Aircrew Training Systems
TENURE
13.3 yrs

Marco van Wijngaarden

TITLE
President of Simulation Division
TENURE
13 yrs

Gene Davis

TITLE
Vice President of Business Development

John Fay

TITLE
Technical Director
Board of Directors Tenure

Average tenure and age of the Environmental Tectonics board of directors in years:

9.7
Average Tenure
68
Average Age
  • The tenure for the Environmental Tectonics board of directors is about average.
Board of Directors

George Anderson

TITLE
Chairman
COMPENSATION
$27K
AGE
73

Bob Laurent

TITLE
President
COMPENSATION
$172K
AGE
64
TENURE
5.6 yrs

Winston Scott

TITLE
Independent Director
COMPENSATION
$22K
AGE
68
TENURE
9.8 yrs

Linda Brent

TITLE
Independent Director
COMPENSATION
$25K
AGE
63
TENURE
9.6 yrs

Roger Colley

TITLE
Independent Director
COMPENSATION
$14K
AGE
81
TENURE
8.7 yrs

Rick Peacock-Edwards

TITLE
Member of Defense Business Develfense Business Development Advisory Board
TENURE
12.7 yrs

Hal Hornburg

TITLE
Member of Defense Business Development Advisory Board
TENURE
12.7 yrs
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 ($) Value ($)
X
Management checks
We assess Environmental Tectonics'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. Environmental Tectonics 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.

News

Simply Wall St News

Company Info

Description

Environmental Tectonics Corporation, together with its subsidiaries, operates as an engineered solutions company in the United States and internationally. It operates in two segments, Aerospace Solutions and Commercial/Industrial Systems (CIS). The Aerospace Solutions segment engages in the design, manufacture, and sale of software driven products and services to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, upset recovery and spatial disorientation, and suborbital and orbital commercial human spaceflight systems; altitude chambers; and advanced disaster management simulators (ADMS), as well as integrated logistics support services. This segment offers integrated aircrew training systems to commercial, governmental, and military defense agencies; and training devices, including altitude and multiplace chambers to governmental and military defense agencies, and civil aviation organizations; and ADMS to governmental organizations, original equipment manufacturers, fire and emergency training schools, universities, and airports. The CIS segment is involved in the design, manufacture, and sale of steam and gas sterilizers to medical device and pharmaceutical manufacturers; environmental testing and simulation systems primarily to commercial automotive, as well as to heating, ventilation, and air conditioning manufacturers; and monoplace chambers to hospitals and wound care clinics. This segment also provides parts, as well as upgrade, maintenance, and repair services. The company markets its products through independent sales representatives and distributors. Environmental Tectonics Corporation was founded in 1969 and is headquartered in Southampton, Pennsylvania.

Details
Name: Environmental Tectonics Corporation
ETCC
Exchange: OTCPK
Founded: 1969
$8,996,950
15,568,352
Website: http://www.etcusa.com
Address: Environmental Tectonics Corporation
125 James Way,
Southampton,
Pennsylvania, 18966,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ETCC Common Stock Pink Sheets LLC US USD 14. Dec 1972
Number of employees
Current staff
Staff numbers
270
Environmental Tectonics employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 05:27
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/01/24
Last earnings reported: 2019/11/29
Last annual earnings reported: 2019/02/22


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.