Omnitek Engineering (OMTK) AI Stock Analysis

• Market Cap: $400.55K
• Dividend Yield: N/A
• Average Volume (3M): 493.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.41
• Revenue Growth: -3.37%
• EPS Growth: 22.45%
• Country: US
• Employees: 6
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Auto - Parts
• EPS (TTM): >-0.01
• Shares Outstanding: 21,948,092
• 10 Day Avg. Volume: 120
• 30 Day Avg. Volume: 493
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.62
• Price to Cash Flow (P/CF): 53.30
• P/FCF Ratio: 20.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Omnitek Engineering's stock score is heavily impacted by its poor financial performance, marked by ongoing net losses and high leverage, raising concerns about its operational sustainability. Technical indicators also point to a bearish outlook, with the stock trading below key averages. The valuation provides little relief due to a negative P/E ratio and lack of dividends, making it less attractive to investors. Overall, significant improvements are necessary to enhance the stock's prospects.

Omnitek Engineering Business Overview & Revenue Model

Company Description

Omnitek Engineering (OMTK) is a company specializing in the development, manufacture, and distribution of advanced engine management systems and conversion technology for alternative fuels. The company operates in sectors related to automotive engineering and energy efficiency, focusing primarily on providing solutions that allow for the conversion of diesel engines to operate on natural gas and other alternative fuels, thereby promoting environmental sustainability and cost efficiency.

How the Company Makes Money

Omnitek Engineering generates revenue primarily through the sale of its proprietary engine conversion kits and components, which enable diesel engines to operate on alternative fuels such as natural gas. The company also offers engineering services, including custom engine development and conversion support, which contribute to its income stream. Additionally, Omnitek maintains partnerships with automotive manufacturers and fleet operators, which help in expanding its market reach and enhancing sales. These strategic relationships, along with the global push towards green energy solutions, play a significant role in driving the company's earnings.

Omnitek Engineering Financial Statement Overview

Summary

Omnitek Engineering shows revenue growth and improved cash flow management. However, persistent losses and negative stockholders' equity signal financial instability and high leverage risks.

Income Statement

Omnitek Engineering shows consistent revenue growth over the years, with a TTM revenue of $1,124,424 compared to $1,055,314 in the previous year, indicating a positive growth trend. However, the company has been experiencing negative EBIT and net income margins, with the TTM net profit margin at -22.37%, reflecting ongoing profitability challenges.

Balance Sheet

The company has a concerning negative stockholders' equity of -$2,122,181, indicating potential financial instability and high leverage. The debt-to-equity ratio is not calculable due to negative equity, but the high total debt remains a risk factor. The negative equity ratio further highlights the company's reliance on debt financing.

Cash Flow

Omnitek Engineering has shown improvement in operating cash flow, with a TTM operating cash flow of $55,247, up from $17,211 in the previous year. Free cash flow has also turned positive, indicating better cash management. However, the cash flow to net income ratios are impacted by the negative net income, which remains a concern.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.12M	1.06M	1.07M	1.10M	876.00K	964.41K
	Gross Profit
389.36K	410.65K	421.36K	475.81K	287.05K	167.46K
	EBIT
-173.87K	-196.14K	-174.42K	-189.49K	-467.21K	-699.63K
	EBITDA
-95.32K	-62.63K	-44.66K	102.88K	-468.51K	-699.06K
	Net Income Common Stockholders
-251.59K	-215.41K	-196.71K	17.41K	-489.71K	-720.42K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
56.38K	73.70K	56.38K	59.67K	60.73K	20.24K
	Total Assets
1.11M	847.16K	1.11M	1.43M	976.77K	1.11M
	Total Debt
751.79K	633.15K	751.79K	868.70K	314.00K	42.00K
	Net Debt
695.41K	559.44K	695.41K	809.03K	253.27K	21.76K
	Total Liabilities
2.10M	2.03M	2.10M	2.23M	1.85M	1.55M
	Stockholders Equity
-986.06K	-1.19M	-986.06K	-807.69K	-874.13K	-430.88K
Cash Flow		Free Cash Flow
48.91K	17.21K	7.79K	-144.65K	-247.51K	-83.82K
	Operating Cash Flow
55.25K	17.21K	9.24K	-130.15K	-247.51K	-83.82K
	Investing Cash Flow
-6.34K	0.00	-1.45K	-14.50K	0.00	0.00
	Financing Cash Flow
-15.00K	113.00	-11.09K	143.59K	288.00K	87.00K

Omnitek Engineering Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMTK, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 4.81 is Positive, neither overbought nor oversold. The STOCH value of 500.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OMTK.

Omnitek Engineering Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$6.85B	11.57	3.09%	4.18%	2.37%	-21.38%
SRI	51 Neutral	$109.71M	―	-6.20%	―	-6.92%	-215.11%
SUP	48 Neutral	$70.52M	―	-89.61%	―	-8.51%	9.63%
CVGI	47 Neutral	$37.76M	1.82	-22.39%	―	-19.87%	-155.63%
FRSX	44 Neutral	$14.47M	―	-103.81%	―	-12.27%	57.85%
WKSP	43 Neutral	$14.11M	―	-90.82%	―	454.67%	30.11%
OMTK	35 Underperform	$400.55K	―	11.86%	―	-3.37%	22.45%