A Business at a Glance
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Omnitek Engineering Corp
OMTK
$219K
Mkt Cap
$0.01
+0.00%
Omnitek Engineering Corp (OMTK) has a 5-year average return on invested capital (ROIC) of -13.0%. This is below average and may indicate limited pricing power.
Omnitek Engineering Corp (OMTK) has a market capitalization of $219K. It is classified as a small-cap stock.
Omnitek Engineering Corp (OMTK) does not currently pay a regular dividend.
Omnitek Engineering Corp (OMTK) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
Omnitek Engineering Corp (OMTK) reported annual revenue of $1 million in its most recent fiscal year, based on SEC EDGAR filings.
Omnitek Engineering Corp (OMTK) has a net profit margin of 18.9%. This is a healthy margin.
Omnitek Engineering Corp (OMTK) generated $-244 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
General Development of Business Omnitek Engineering, Corp., a California corporation, began operations on October 10, 2001, and was a spin-off from Nology Engineering, Inc., a manufacturer in the automotive aftermarket parts industry and the developer/manufacturer of the patented “HotWires” spark plug wires. Our business is located at 1345 Specialty Dr. #E, Vista, California, 92081, which consists of approximately 11,751 square feet of industrial space. Omnitek has never filed for bankruptcy and has never been subject to receivership or similar proceedings. Business of Issuer Omnitek develops and sells proprietary technology to convert diesel engines to an alternative fuel, new alternative fuel engines and complementary products. Omnitek products are available for stationary applications and the global transportation markets -- including light commercial vehicles, buses, heavy-duty trucks, as well as rail and marine applications.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4M | 1.4M | 1.0M | 1.1M | 1.1M | 1.1M |
| Net Income | 274K | 274K | -167K | -215K | -197K | 17K |
| EPS | $0.01 | $0.01 | $-0.01 | $-0.01 | $-0.01 | $0.00 |
| Free Cash Flow | -244K | -244K | 30K | 17K | 8K | -145K |
| ROIC | -11.4% | 0.0% | -13.3% | -23.2% | -15.7% | -12.7% |
| Gross Margin | 38.1% | 38.1% | 44.9% | 38.9% | 39.4% | 43.4% |
| Debt/Equity | 0.00 | -0.09 | -0.20 | -0.33 | -0.55 | -0.77 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -86K | -86K | -149K | -196K | -174K | -189K |
| Operating Margin | -5.9% | -5.9% | -14.6% | -18.6% | -16.3% | -17.3% |
| ROE | 0.0% | -22.6% | 13.2% | 19.8% | 21.9% | -2.1% |
| Shares Outstanding | 22M | 22M | 22M | 22M | 22M | 22M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4M | 1.8M | 1.3M | 1.1M | 1.3M | 964K | 876K | 1.1M | 1.1M | 1.1M | 1.0M | 1.4M | 1.4M |
| Gross Margin | 43.9% | 42.4% | 40.7% | 15.7% | 39.0% | 17.4% | 32.8% | 43.4% | 39.4% | 38.9% | 44.9% | 38.1% | 38.1% |
| R&D | 600K | 295K | 187K | 119K | 107K | 107K | 82K | 64K | 66K | 68K | 70K | 68K | 68K |
| SG&A | 1.9M | 1.4M | 1.2M | 1.1M | 811K | 760K | 672K | 600K | 527K | 537K | 533K | 566K | 566K |
| EBIT | -1.9M | -1.0M | -900K | -1.0M | -425K | -700K | -467K | -189K | -174K | -196K | -149K | -86K | -86K |
| Op. Margin | -130.7% | -56.2% | -68.8% | -95.6% | -33.1% | -72.5% | -53.3% | -17.3% | -16.3% | -18.6% | -14.6% | -5.9% | -5.9% |
| Net Income | -1.8M | -1.0M | -901K | -1.0M | -468K | -720K | -490K | 17K | -197K | -215K | -167K | 274K | 274K |
| Net Margin | -126.7% | -56.2% | -68.9% | -96.5% | -36.4% | -74.7% | -55.9% | 1.6% | -18.4% | -20.4% | -16.4% | 18.9% | 18.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53K | 4K | 5K | 85K | 34K | 34K |
| Returns on Capital | |||||||||||||
| ROIC | -71.2% | -56.3% | -70.3% | -178.9% | -175.3% | -62.8% | -47.8% | -12.7% | -15.7% | -23.2% | -13.3% | 0.0% | -11.4% |
| ROE | -55.9% | -46.2% | -58.7% | -117.9% | -163.9% | 428.7% | 75.1% | -2.1% | 21.9% | 19.8% | 13.2% | -22.6% | 0.0% |
| ROA | -48.2% | -36.9% | -41.1% | -56.7% | -30.5% | -56.2% | -46.8% | 1.4% | -15.5% | -22.0% | -17.0% | 29.3% | 36.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.5M | -393K | -188K | -25K | -104K | -84K | -248K | -130K | 9K | 17K | 30K | -244K | -244K |
| Free Cash Flow | -1.5M | -393K | -188K | -25K | -106K | -84K | -248K | -145K | 8K | 17K | 30K | -244K | -244K |
| Owner Earnings | -1.9M | -704K | -390K | -181K | -149K | -134K | -264K | -154K | -6K | 14K | 23K | -251K | -251K |
| CapEx | 1K | 0 | 0 | 0 | 3K | 0 | 0 | 14K | 1K | 0 | 0 | 0 | 0 |
| Maint. CapEx | 57K | 86K | 28K | 25K | 8K | 0 | 0 | 1K | 3K | 2K | 3K | 4K | 4K |
| Growth CapEx | 0 | N/A | N/A | N/A | 0 | N/A | N/A | 13K | 0 | N/A | N/A | N/A | 0 |
| D&A | 57K | 86K | 28K | 25K | 8K | 0 | 0 | 1K | 3K | 2K | 3K | 4K | 4K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 336K | 225K | 174K | 132K | 38K | 50K | 15K | 23K | 12K | 2K | 3K | 3K | 3K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 60K | 15K | 100K | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -18K | -23K | 97K | -5K | 78K | 564K | 481K | 323K | 160K | 83K | 83K |
| Cash & Equiv. | 499K | 106K | 18K | 23K | 3K | 20K | 61K | 60K | 56K | 74K | 104K | 14K | 14K |
| Long-Term Debt | N/A | N/A | 0 | 0 | 100K | 15K | 70K | 13K | 0 | 0 | 0 | 0 | N/A |
| Debt/Equity | 0.21 | 0.32 | 0.00 | 0.00 | 1.06 | -0.03 | -0.16 | -0.77 | -0.55 | -0.33 | -0.20 | -0.09 | 0.00 |
| Interest Coverage | N/A | -526.7 | -145.9 | -118.2 | -23.8 | -35.0 | -23.5 | -7.7 | -8.1 | -8.4 | -7.2 | -2.8 | -2.8 |
| Equity | 2.6M | 1.8M | 1.3M | 477K | 95K | -431K | -874K | -808K | -986K | -1.2M | -1.3M | -1.1M | -1.1M |
| Total Assets | 3.1M | 2.4M | 2.0M | 1.6M | 1.4M | 1.1M | 977K | 1.4M | 1.1M | 847K | 1.1M | 754K | 754K |
| Total Liabilities | 536K | 572K | 746K | 1.2M | 1.4M | 1.5M | 1.9M | 2.2M | 2.1M | 2.0M | 2.5M | 1.8M | 1.8M |
| Intangibles | 1K | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -17M | -18M | -19M | -20M | -20M | -21M | -21M | -21M | -22M | -22M | -22M | -22M | -22M |
| Working Capital | 2.5M | 1.7M | 1.2M | 455K | 62K | -448K | -660K | -713K | -894K | -1.1M | -1.3M | -961K | -961K |
| Current Assets | 3.0M | 2.3M | 2.0M | 1.6M | 1.4M | 1.1M | 961K | 804K | 620K | 483K | 882K | 664K | 664K |
| Current Liabilities | 536K | 572K | 746K | 1.2M | 1.4M | 1.5M | 1.6M | 1.5M | 1.5M | 1.6M | 2.2M | 1.6M | 1.6M |
| Per Share Data | |||||||||||||
| EPS | -0.09 | -0.05 | -0.04 | -0.05 | -0.02 | -0.04 | -0.02 | 0.00 | -0.01 | -0.01 | -0.01 | 0.01 | 0.01 |
| Owner EPS | -0.10 | -0.03 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | 0.00 | 0.00 | -0.01 | -0.01 |
| Book Value | 0.13 | 0.09 | 0.06 | 0.02 | 0.00 | -0.02 | -0.04 | -0.04 | -0.04 | -0.05 | -0.06 | -0.05 | -0.05 |
| Cash Flow/Share | -0.08 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | -0.01 | 0.01 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 20.3M | 20.1M | 22.5M | 20.7M | 23.4M | 18.0M | 24.5M | 21.9M | 21.9M | 21.9M | 21.9M | 21.9M | 21.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100.9 | N/A | N/A | N/A | N/A | 0.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 112.6 | 25.5 | 21.9 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 8.7 | 5.6 | 3.3 | 3.5 | 17.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 32.5 | 10.1 | 5.4 | 2.4 | 2.7 | 1.4 | 1.4 | 2.1 | 1.1 | 0.6 | 0.4 | N/A | 0.2 |
| FCF Yield | -6.9% | -3.9% | -4.4% | -1.5% | -6.5% | -7.8% | -33.7% | -8.2% | 0.9% | 3.9% | 4.6% | N/A | -111.3% |
| Market Cap | 22M | 10M | 4.3M | 1.7M | 1.6M | 1.1M | 735K | 1.8M | 878K | 439K | 658K | 0 | 219K |
| Avg. Price | 2.31 | 0.87 | 0.31 | 0.12 | 0.15 | 0.08 | 0.05 | 0.10 | 0.06 | 0.03 | 0.02 | 0.00 | 0.01 |
| Year-End Price | 1.10 | 0.50 | 0.19 | 0.08 | 0.07 | 0.06 | 0.03 | 0.08 | 0.04 | 0.02 | 0.03 | 0.00 | 0.01 |
Omnitek Engineering Corp passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 7.3x vs a median of 23.7x. The company's 5-year average gross margin is 40.9%. At current prices, the estimated annualized return to fair value is +31.0%.
Omnitek Engineering Corp (OMTK) reported earnings per share (EPS) of $0.01 in its most recent fiscal year.
Omnitek Engineering Corp (OMTK) has a return on equity (ROE) of -22.6%. A negative ROE may indicate losses or negative equity.
Omnitek Engineering Corp (OMTK) has a 5-year average gross margin of 40.9%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Omnitek Engineering Corp (OMTK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Omnitek Engineering Corp (OMTK) has a book value per share of $-0.05, based on its most recent annual SEC filing.