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IONIK CORP (INIK.CA) Stock Fundamental Analysis

TSX-V:INIK - TSX Venture Exchange - CA73319W1023 - Common Stock - Currency: CAD

0.095  -0.01 (-5%)

Fundamental Rating

2

Overall INIK gets a fundamental rating of 2 out of 10. We evaluated INIK against 12 industry peers in the Media industry. INIK has a bad profitability rating. Also its financial health evaluation is rather negative. INIK is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year INIK has reported negative net income.
In the past year INIK had a positive cash flow from operations.
INIK.CA Yearly Net Income VS EBIT VS OCF VS FCFINIK.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 0 -20M -40M -60M

1.2 Ratios

Looking at the Return On Assets, with a value of -28.62%, INIK is in line with its industry, outperforming 45.45% of the companies in the same industry.
INIK has a Return On Invested Capital of 1.44%. This is in the better half of the industry: INIK outperforms 72.73% of its industry peers.
Industry RankSector Rank
ROA -28.62%
ROE N/A
ROIC 1.44%
ROA(3y)-19.49%
ROA(5y)N/A
ROE(3y)-2324.41%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
INIK.CA Yearly ROA, ROE, ROICINIK.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 -2K -4K -6K

1.3 Margins

The Operating Margin of INIK (1.56%) is better than 63.64% of its industry peers.
With a decent Gross Margin value of 36.92%, INIK is doing good in the industry, outperforming 63.64% of the companies in the same industry.
In the last couple of years the Gross Margin of INIK has declined.
Industry RankSector Rank
OM 1.56%
PM (TTM) N/A
GM 36.92%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.8%
GM growth 5YN/A
INIK.CA Yearly Profit, Operating, Gross MarginsINIK.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 20 -20 40 -40 60

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0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so INIK is destroying value.
The number of shares outstanding for INIK has been increased compared to 1 year ago.
Compared to 1 year ago, INIK has a worse debt to assets ratio.
INIK.CA Yearly Shares OutstandingINIK.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M 150M 200M 250M
INIK.CA Yearly Total Debt VS Total AssetsINIK.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 20M 40M 60M 80M 100M

2.2 Solvency

Based on the Altman-Z score of 0.09, we must say that INIK is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.09, INIK is doing good in the industry, outperforming 72.73% of the companies in the same industry.
INIK has a debt to FCF ratio of 18.48. This is a negative value and a sign of low solvency as INIK would need 18.48 years to pay back of all of its debts.
With a Debt to FCF ratio value of 18.48, INIK is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 18.48
Altman-Z 0.09
ROIC/WACC0.15
WACC9.56%
INIK.CA Yearly LT Debt VS Equity VS FCFINIK.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 20M 40M 60M 80M

2.3 Liquidity

A Current Ratio of 0.69 indicates that INIK may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, INIK is doing worse than 81.82% of the companies in the same industry.
A Quick Ratio of 0.69 indicates that INIK may have some problems paying its short term obligations.
INIK's Quick ratio of 0.69 is on the low side compared to the rest of the industry. INIK is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.69
INIK.CA Yearly Current Assets VS Current LiabilitesINIK.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 10M 20M 30M 40M 50M

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5

3. Growth

3.1 Past

INIK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -99.61%.
INIK shows a decrease in Revenue. In the last year, the revenue decreased by -2.04%.
The Revenue has been growing by 98.39% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-99.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-2.04%
Revenue growth 3Y98.39%
Revenue growth 5YN/A
Sales Q2Q%17.07%

3.2 Future

INIK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.71% yearly.
Based on estimates for the next years, INIK will show a quite strong growth in Revenue. The Revenue will grow by 8.52% on average per year.
EPS Next Y95.19%
EPS Next 2Y39.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.33%
Revenue Next 2Y8.52%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
INIK.CA Yearly Revenue VS EstimatesINIK.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 50M 100M 150M
INIK.CA Yearly EPS VS EstimatesINIK.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 -0.05 -0.1 -0.15 -0.2

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2

4. Valuation

4.1 Price/Earnings Ratio

INIK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for INIK. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
INIK.CA Price Earnings VS Forward Price EarningsINIK.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INIK is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of INIK indicates a somewhat cheap valuation: INIK is cheaper than 63.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.48
EV/EBITDA 8.17
INIK.CA Per share dataINIK.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 -0.4 0.6

4.3 Compensation for Growth

A more expensive valuation may be justified as INIK's earnings are expected to grow with 39.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.71%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for INIK!.
Industry RankSector Rank
Dividend Yield N/A

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IONIK CORP

TSX-V:INIK (3/7/2025, 7:00:00 PM)

0.095

-0.01 (-5%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)12-04 2024-12-04/dmh
Earnings (Next)04-28 2025-04-28
Inst Owners3.77%
Inst Owner ChangeN/A
Ins Owners26.01%
Ins Owner ChangeN/A
Market Cap33.63M
Analysts80
Price Target0.33 (247.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.62%
PT rev (3m)2.62%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.15
P/FCF 3.48
P/OCF 3.52
P/B N/A
P/tB N/A
EV/EBITDA 8.17
EPS(TTM)-0.3
EYN/A
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)0.03
FCFY28.76%
OCF(TTM)0.03
OCFY28.44%
SpS0.64
BVpS-0.01
TBVpS-0.59
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -28.62%
ROE N/A
ROCE 2.01%
ROIC 1.44%
ROICexc 1.65%
ROICexgc N/A
OM 1.56%
PM (TTM) N/A
GM 36.92%
FCFM 4.25%
ROA(3y)-19.49%
ROA(5y)N/A
ROE(3y)-2324.41%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.8%
GM growth 5YN/A
F-Score2
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 18.48
Debt/EBITDA 5.94
Cap/Depr 0.53%
Cap/Sales 0.05%
Interest Coverage 0.32
Cash Conversion 41.07%
Profit Quality N/A
Current Ratio 0.69
Quick Ratio 0.69
Altman-Z 0.09
F-Score2
WACC9.56%
ROIC/WACC0.15
Cap/Depr(3y)18.2%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.95%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-99.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y95.19%
EPS Next 2Y39.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.04%
Revenue growth 3Y98.39%
Revenue growth 5YN/A
Sales Q2Q%17.07%
Revenue Next Year14.33%
Revenue Next 2Y8.52%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y498.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year667.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.6%
FCF growth 3Y41.91%
FCF growth 5YN/A
OCF growth 1Y-33.44%
OCF growth 3Y46.02%
OCF growth 5YN/A