BXI.TO  Bioexx Specialty Proteins

Exchange

TSX

Sector

Cleantech

Industry

Market Cap.

2.1M

Vuru Grade

10.50/100

Current Price

$0.01
0.00 (0.00%)

Company Metrics

  • P/E 0
  • P/S 13.02
  • P/B 0.38
  • EPS -0.284
  • Cash ROIC -91.56%
  • Cash Ratio 0.36
  • Dividend 0 / 0%
  • Avg. Vol. 451,897.00
  • Shares 210.00M
  • Market Cap. 2.1M

Company Description

BioExx Specialty Proteins Ltd., a development stage company, develops and commercializes extraction technology used to extract various active ingredients from organic and inorganic materials. It produces protein isolates for human nutrition, as well as canola oil and meal. The company's products include Isolexx, a protein isolate product used for sports nutrition/weight loss and food applications;... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

There is no news available at this time.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for BXI.TO to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate BXI.TO's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$0.01 Current Price

$-0.37 Growth Price (DCF)

Why is this negative?


Show Free Cash Flow numbers

$0.21 Book Price

Undervalued by 1,988.13%


Very Poor Cash Return on Invested Capital over the past 5 years

BXI.TO has failed to generate positive returns on its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

BXI.TO has lost $91.56 of cash for every $100 invested.
Figures in CAD. Fiscal year ends in December
20082009201020112012
Free Cash Flow -6.70M -19.99M -50.47M -30.73M -13.10M
divided by
Invested Capital 8.81M 22.84M 63.34M 64.41M 7.86M
Cash ROIC -76.13% -87.54% -79.68% -47.71% -166.72%

Very Poor Return on Equity over the past 5 years

BXI.TO has shown an inability to deliver results for shareholders. This could be due to poor management, BXI.TO operating in a highly competitive industry, or having a weak business in general.

BXI.TO has generated a $214.58 loss for every $100 of Shareholders' Equity.
Figures in CAD. Fiscal year ends in December
20082009201020112012
Net Income -3.47M -8.17M -15.06M -30.11M -63.28M
divided by
Stockholders' Equity 12.53M 33.24M 73.45M 68.03M 6.62M
Return on Equity -27.66% -24.58% -20.50% -44.26% -955.92%

Poor Business Performance over the past 7 years

BXI.TO's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

BXI.TO has been losing money for the majority of the past 10 years.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Free Cash Flow -28,535.00 -1.53M -6.70M -19.99M -50.47M -30.73M -13.10M

Weak Balance Sheet

BXI.TO's financial position is not ideal. The key is to check whether BXI.TO is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Cash 1.71M 210,278.00 4.20M 14.10M 16.63M 10.01M 2.89M
Current Assets 1.72M 901,447.00 5.28M 16.71M 20.31M 12.39M 3.32M
Total Assets 1.75M 1.56M 14.60M 42.81M 86.13M 80.27M 18.87M
Current Liabilities 27,730.00 185,286.00 1.60M 5.87M 6.16M 5.86M 8.12M
Total Liabilities 27,730.00 705,374.00 2.07M 9.57M 12.68M 12.24M 12.25M
Stockholder' Equity 1.73M 854,856.00 12.53M 33.24M 73.45M 68.03M 6.62M
Current Ratio 62.04 4.87 3.31 2.85 3.30 2.12 0.41
TL-to-TA 0.02 0.45 0.14 0.22 0.15 0.15 0.65

Low or No Reinvestment of Profits over the past 7 years

BXI.TO has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to BXI.TO operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Retained Earnings -129,965.00 -5.34M -8.80M -16.98M -32.04M -62.02M -125.30M
Retained Earnings Growth - -4,005.80% -64.96% -92.95% -88.64% -93.57% -102.03%

Erratic Net Profit Margins over the past 7 years

BXI.TO has had highly erratic net profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Net Income -129,965.00 -1.71M -3.47M -8.17M -15.06M -30.11M -63.28M
divided by
Revenue - - - 4.17M 3.33M 5.35M 648,255.00
Net Profit Margin - - - -195.95% -452.09% -563.02% -9,761.57%

Erratic Gross Profit Margins over the past 7 years

BXI.TO has had highly erratic gross profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Gross Profit - - - -1.32M -814,667.00 4.69M -1.30M
divided by
Revenue - - - 4.17M 3.33M 5.35M 648,255.00
Gross Margin - - - -31.72% -24.46% 87.66% -200.64%

Low Capital Intensity over the past 7 years

BXI.TO has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that BXI.TO may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Capital Expenditure - 154,083.00 4.28M 13.50M 43.21M 17.80M 4.27M
divided by
Net Income -129,965.00 -1.71M -3.47M -8.17M -15.06M -30.11M -63.28M
Capital Expenditure Ratio - -9.01% -123.49% -165.18% -287.04% -59.10% -6.75%

No Dividend History over the past 7 years

BXI.TO has never distributed dividends or has recently suspended their dividend distribution.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Dividend Paid - - - - - - -
divided by
Shares Outstanding 3.97M 50.95M 95.71M 129.28M 174.04M 201.33M 214.76M
Dividend Paid Per Share - - - - - - -
Price at Year End - 0.25 0.41 2.15 2.34 0.16 0.10
Dividend Yield - - - - - - -

No History of Stock Buybacks over the past 7 years

We're neutral on this. It's not necessarily good or bad that BXI.TO hasn't initiated a stock buyback.
Figures in CAD. Fiscal year ends in December
2006200720082009201020112012
Shares Outstanding 3.97M 50.95M 95.71M 129.28M 174.04M 201.33M 214.76M
Stock Bought Back -100.00% -92.21% -46.76% -25.96% -25.72% -13.55% -6.25%
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