Categories: Cleantech

A look at the balance sheet of Carmanah Technologies (TSX:CMH)

Quant Snapshot
Carmanah Solar (TSX:CMH)

Carmanah Technologies (TSX:CMH) reported its Q3, 2009 results earlier this month. While The Company earned 1.2 million dollars, overall revenue was down as Carmanah continues through a transition period that has included the sale of its LED sign business. We take a look at Carmanah’s numbers in a revised “Quant Snapshot”.

1. Price to sales: 0.62

As of September 30th, 2009 (Q3, 2009) Carmanah had 41.9 million shares
outstanding.The price as of November 24, 2009 was $0.67 This gives The
Company a market capitalization of $28.1 million. In the trailing four
quarters, sales totaled $45.1 million.

2. Cash to Market Cap: 31.7%

As of Q3 2009, Carmanah’s reported cash and short term investments was
$8.9 million. The Company’s Market
Cap, as of November 24th was $28.1 million.

3. Debt to market Cap: $0

As of Q3 2009 reported long term debt was $0

4. Trailing Three year growth rate: 19.4%

Carmanah’s sales were $38.73 Million in 2005. Sales grew to 60.62 Million
in 2008.

5. Enterprise Value to Sales: 32.1%

Enterprise Value as of November 24rd, 2009 is $19.2 million, based on a
market
cap of $28.1 million plus zero long term debt, minus cash
and short term investments of of $8.9 million. Sales for the trailing four
quarters
totaled $45.1 million.

All financial information about Carmanah is gleaned from
their filings with the System for Electronic Document Analysis and
Retrieval (SEDAR)
All calculations are based on The Company’s closing share price as of
close November 24th, 2009: $0.67
Sales from trailing four quarters: $45.1 million
Cash and short term investments as of November 24, 2009 (3rd Quarter)
: $8.9 million
Shares outstanding: $41.9 million.

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Tagged with: cleantech
Nick Waddell

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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