Loading...

We've got a brand new version of Simply Wall St! Try it out

Trident Acquisitions

Nasdaq:TDAC
Snowflake Description

Moderate growth potential with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TDAC
Nasdaq
$75M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Trident Acquisitions Corp. does not have significant operations. The last earnings update was 97 days ago. More info.


Add to Portfolio Compare Print
TDAC Share Price and Events
7 Day Returns
0%
NasdaqCM:TDAC
1%
US Capital Markets
0.7%
US Market
1 Year Returns
5.4%
NasdaqCM:TDAC
8.6%
US Capital Markets
13.7%
US Market
TDAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trident Acquisitions (TDAC) 0% 0.2% 0.4% 5.4% - -
US Capital Markets 1% 5.5% 7.4% 8.6% 34.5% 59.9%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • TDAC underperformed the Capital Markets industry which returned 8.6% over the past year.
  • TDAC underperformed the Market in United States of America which returned 13.7% over the past year.

TDAC Value

 Is Trident Acquisitions 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 Trident Acquisitions 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 Trident Acquisitions.

NasdaqCM:TDAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.70 * 7.9%
$0.06
Book Value of Equity per Share Median Book Value from the past 5 years. $0.70
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqCM:TDAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0.57%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.837 * 5.96%)
7.72%

Discounted Cash Flow Calculation for NasdaqCM:TDAC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Trident Acquisitions is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:TDAC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 7.72%) * $0.70)
$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.00 / (7.72% - 2.73%)
$0.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.70 + $0.03
$0.73
NasdaqCM:TDAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.73
Current discount Discount to share price of $10.48
= -1 x ($10.48 - $0.73) / $0.73
-1335.5%

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

  • The current share price of Trident Acquisitions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Trident Acquisitions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trident Acquisitions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TDAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.10
NasdaqCM:TDAC Share Price ** NasdaqCM (2019-11-15) in USD $10.48
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 37.79x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Trident Acquisitions.

NasdaqCM:TDAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TDAC Share Price ÷ EPS (both in USD)

= 10.48 ÷ -0.10

-100.68x

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

  • Trident Acquisitions is loss making, we can't compare its value to the US Capital Markets industry average.
  • Trident Acquisitions 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 Trident Acquisitions's expected growth come at a high price?
Raw Data
NasdaqCM:TDAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -100.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
42.8%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*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 Trident Acquisitions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trident Acquisitions's assets?
Raw Data
NasdaqCM:TDAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.70
NasdaqCM:TDAC Share Price * NasdaqCM (2019-11-15) in USD $10.48
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:TDAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TDAC Share Price ÷ Book Value per Share (both in USD)

= 10.48 ÷ 0.70

14.91x

* Primary Listing of Trident Acquisitions.

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

  • Trident Acquisitions is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Trident Acquisitions'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. Trident Acquisitions 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.

TDAC Future Performance

 How is Trident Acquisitions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Trident Acquisitions, future earnings growth has been estimated based on fundamentals.
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
42.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trident Acquisitions expected to grow at an attractive rate?
  • Trident Acquisitions's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Trident Acquisitions's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Trident Acquisitions's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TDAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:TDAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 42.8%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:TDAC 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.
NasdaqCM:TDAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 -1 -1
2019-03-31 -1 -1
2018-12-31 -1 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trident Acquisitions's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Trident Acquisitions 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
NasdaqCM:TDAC 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 Trident Acquisitions Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TDAC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.10
2019-03-31 -0.09
2018-12-31 -0.08
2018-09-30 -0.06
2018-06-30 -0.03
2018-03-31 0.00
2017-12-31 0.00
2016-12-31

*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 Trident Acquisitions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Trident Acquisitions'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.
Trident Acquisitions has a total score of 3/6, 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.

TDAC Past Performance

  How has Trident Acquisitions 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 Trident Acquisitions'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.
  • Trident Acquisitions 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 Trident Acquisitions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trident Acquisitions's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Trident Acquisitions'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 Trident Acquisitions Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TDAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -0.74 1.08
2019-03-31 -0.60 0.92
2018-12-31 -0.48 0.70
2018-09-30 -0.27 0.41
2018-06-30 -0.10 0.16
2018-03-31 0.00 0.00
2017-12-31 0.00 0.00
2016-12-31 0.00 0.00

*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.
  • Trident Acquisitions made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if Trident Acquisitions has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trident Acquisitions 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 Trident Acquisitions'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.
Trident Acquisitions has a total score of 1/6, 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.

TDAC Health

 How is Trident Acquisitions'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 Trident Acquisitions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trident Acquisitions's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Trident Acquisitions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Trident Acquisitions'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.
  • Debt is covered by short term assets, assets are 1.9x 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 Trident Acquisitions Company Filings, last reported 4 months ago.

NasdaqCM:TDAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.00 0.43 0.35
2019-03-31 5.00 0.43 1.11
2018-12-31 5.00 0.43 1.26
2018-09-30 5.00 0.43 1.34
2018-06-30 5.00 0.43 1.46
2018-03-31 0.03 0.83 0.34
2017-12-31 0.02 0.53 0.14
2016-12-31 0.02 0.43 0.06
  • Trident Acquisitions's level of debt (8.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Trident Acquisitions's debt level has increased without past 5-year debt data.
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.

  • Trident Acquisitions has less than a year of cash runway based on current free cash flow.
  • Trident Acquisitions has less than a year of cash runway if free cash flow continues to grow at historical rates of 118.9% each year.
X
Financial health checks
We assess Trident Acquisitions'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. Trident Acquisitions 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.

TDAC Dividends

 What is Trident Acquisitions'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 Trident Acquisitions dividends.
If you bought $2,000 of Trident Acquisitions 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 Trident Acquisitions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trident Acquisitions'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
NasdaqCM:TDAC 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

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 Trident Acquisitions has not reported any payouts.
  • Unable to verify if Trident Acquisitions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trident Acquisitions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trident Acquisitions 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 Trident Acquisitions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Trident Acquisitions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trident Acquisitions 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.

TDAC Management

 What is the CEO of Trident Acquisitions'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
Ilya Ponomarev
AGE 42
TENURE AS CEO 1.8 years
CEO Bio

Mr. Ilya Ponomarev has been Chief Executive Officer of Trident Acquisitions Corp. since February 15, 2018 and also has been its Director since March 17, 2016. From December 2007 to the present, Mr. Ponomarev served an opposition member of Russian Parliament — State Duma representing Novosibirsk — the capital of Siberia, and is chairing Innovations and Venture Capital (formerly Hi-Tech development) subcommittee. Although he was a member of parliament until 2016, after his lone vote against the war between Russia and Ukraine, he was not permitted to return to Russia after traveling to the United States. In April 2015, the Russian parliament lifted Mr. Ponomarev’s diplomatic immunity and allowed a prosecutor to bring charges of misappropriation of funds belonging to Skolkovo Foundation against Mr. Ponomarev, in what was widely reported as a politically motivated prosecution. The case remains open and Mr. Ponomarev would be subject to arrest if he returned to Russia. Earlier he held various positions in government offices and private companies, including Vice president of Yukos Oil Company, a large Russian oil and gas company, and prior to that Director for CIS Business Development and Marketing for Schlumberger Oilfield Services. He is an author of a number of research papers and magazine articles about new economy development, energy, regional policies, education and international relations. Mr. Ponomarev is qualified to serve as a member of Board of Directors because his understanding of new technologies in oil & gas field and his international network of political and business leaders. Mr. Ponomarev holds BSc in Physics from Moscow State University and Master of Public Administration from Russian State Social University.

CEO Compensation
  • Insufficient data for Ilya to compare compensation growth.
  • Insufficient data for Ilya 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 Trident Acquisitions management team in years:

2.7
Average Tenure
44
Average Age
  • The tenure for the Trident Acquisitions management team is about average.
Management Team

Ilya Ponomarev

TITLE
CEO & Director
AGE
42
TENURE
1.8 yrs

Vadim Komissarov

TITLE
President
AGE
46
TENURE
3.7 yrs

Oleksii Tymofiev

TITLE
Chief Operating Officer
AGE
40
TENURE
1.8 yrs

Michael Wilson

TITLE
Secretary & Treasurer
AGE
52
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Trident Acquisitions board of directors in years:

3.6
Average Tenure
59
Average Age
  • The tenure for the Trident Acquisitions board of directors is about average.
Board of Directors

Edward Verona

TITLE
Non-Executive Chairman
AGE
63
TENURE
3.6 yrs

Ilya Ponomarev

TITLE
CEO & Director
AGE
42
TENURE
3.7 yrs

Vadim Komissarov

TITLE
President
AGE
46
TENURE
3.6 yrs

Thomas Gallagher

TITLE
Independent Director
AGE
69
TENURE
3.6 yrs

Gennadii Butkevych

TITLE
Independent Director
AGE
59
TENURE
1.8 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 Trident Acquisitions'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. Trident Acquisitions 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.

TDAC News

Simply Wall St News

Trident Acquisitions Corp. (NASDAQ:TDAC) Insiders Increased Their Holdings

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Trident Acquisitions Trident Acquisitions Insider Transactions Over The Last Year Director Gennadii Butkevych made the biggest insider purchase in the last 12 months. … Insider Ownership of Trident Acquisitions Many investors like to check how much of a company is owned by insiders. … It would be great to see more insider buying, but overall it seems like Trident Acquisitions insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

TDAC Company Info

Description

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector. The company was founded in 2016 and is headquartered in New York, New York.

Details
Name: Trident Acquisitions Corp.
TDAC
Exchange: NasdaqCM
Founded: 2016
$74,544,784
7,113,052
Website: http://www.tridentacquisitions.com
Address: Trident Acquisitions Corp.
77 Water Street,
8th Floor,
New York,
New York, 10005,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TDAC Common Stock Nasdaq Capital Market US USD 13. Jun 2018
NasdaqCM TDAC.U Units Nasdaq Capital Market US USD 30. May 2018
Number of employees
Current staff
Staff numbers
0
Trident Acquisitions employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 01:05
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.