TSX:CRP

Stock Analysis Report

Executive Summary

Ceres Global Ag Corp. procures and provides agricultural commodities and value-added products, industrial products, fertilizers, energy products, and supply chain logistics services worldwide.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

How has Ceres Global Ag's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

CRP

-0.1%

CA Commercial Services

0.3%

CA Market


1 Year Return

-0.9%

CRP

-17.8%

CA Commercial Services

0.1%

CA Market

Return vs Industry: CRP exceeded the Canadian Commercial Services industry which returned -17.8% over the past year.

Return vs Market: CRP underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

CRPIndustryMarket
7 Day1.1%-0.1%0.3%
30 Day6.1%-6.0%-2.5%
90 Day-5.3%-2.5%-1.4%
1 Year-0.9%-0.9%-14.8%-17.8%3.6%0.1%
3 Year-16.4%-16.4%-0.3%-8.2%14.3%4.1%
5 Year-35.3%-35.3%-20.9%-35.3%25.0%6.9%

Price Volatility Vs. Market

How volatile is Ceres Global Ag's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ceres Global Ag undervalued compared to its fair value and its price relative to the market?

0.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate CRP's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CRP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CRP is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: CRP is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate CRP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRP is good value based on its PB Ratio (0.7x) compared to the CA Commercial Services industry average (0.8x).


Next Steps

Future Growth

How is Ceres Global Ag forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

57.6%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ceres Global Ag has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ceres Global Ag performed over the past 5 years?

-21.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CRP is unprofitable, and losses have increased over the past 5 years at a rate of -21.6% per year.

Accelerating Growth: Unable to compare CRP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CRP is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.1%).


Return on Equity

High ROE: CRP has a negative Return on Equity (-12.9%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CRP is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CRP is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Ceres Global Ag's financial position?


Financial Position Analysis

Short Term Liabilities: CRP's short term assets ($103.3M) exceeds its short term liabilities ($66.6M)

Long Term Liabilities: CRP's short term assets (103.3M) exceeds its long term liabilities (15.6M)


Debt to Equity History and Analysis

Debt Level: CRP's debt to equity ratio (40.8%) is considered high

Reducing Debt: CRP's debt to equity ratio has reduced from 49.9% to 40.8% over the past 5 years.


Balance Sheet

Inventory Level: CRP has a high level of physical assets or inventory.

Debt Coverage by Assets: CRP's debt is covered by short term assets (assets are 1.938740x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CRP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CRP has less than a year of cash runway if free cash flow continues to reduce at historical rates of -33.5% each year


Next Steps

Dividend

What is Ceres Global Ag's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CRP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CRP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CRP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CRP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Ceres Global Ag's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Robert Day 0

3.3yrs

Tenure

US$542,568

Compensation

Mr. Robert W. Day has been Chief Executive Officer and President of Ceres Global Ag Corp. since September 22, 2016 and June 1, 2016 respectively. He served as an Interim Chief Executive Officer at Ceres Gl ...


CEO Compensation Analysis

Compensation vs. Market: Robert's total compensation ($USD542.57K) is above average for companies of similar size in the Canadian market ($USD121.56K).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: CRP's management team is considered experienced (2 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

Experienced Board: CRP's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

Insider Buying: CRP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,705,33509 Oct 19
VN Capital Management, LLC
EntityCompany
Shares410,924
Max PriceUS$4.15
BuyUS$12,491,41709 Oct 19
VN Capital Management, LLC
EntityCompany
Shares2,757,487
Max PriceUS$4.53
BuyUS$9,06003 Oct 19
Sarah Blomquist
EntityIndividual
Role
Head of Human Resources
VP of Human Resources & Corporate Administration
Shares2,000
Max PriceUS$4.53
BuyUS$100,00003 Oct 19
Douglas Speers
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares22,075
Max PriceUS$4.53
BuyUS$49,99803 Oct 19
Gary Mize
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares11,037
Max PriceUS$4.53
BuyUS$24,72426 Sep 19
Gary Mize
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,245
Max PriceUS$3.98
BuyUS$3,90025 Sep 19
Gary Mize
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$3.90
BuyUS$1,96124 Sep 19
Glen Goldman
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares500
Max PriceUS$3.92
BuyUS$21,68023 Sep 19
Gary Mize
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,500
Max PriceUS$4.50
BuyUS$2,29823 Sep 19
Glen Goldman
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares550
Max PriceUS$4.18
BuyUS$45,41031 Jul 19
VN Capital Management, LLC
EntityCompany
Shares9,500
Max PriceUS$4.78
BuyUS$64,19210 Jul 19
VN Capital Management, LLC
EntityCompany
Shares15,800
Max PriceUS$4.06
BuyUS$66,33913 Dec 18
VN Capital Management, LLC
EntityCompany
Shares15,000
Max PriceUS$4.42
BuyUS$128,07812 Dec 18
VN Capital Management, LLC
EntityCompany
Shares30,800
Max PriceUS$4.34

Ownership Breakdown


Management Team

  • Mark Kucala

    Treasury

    • Tenure: 2yrs
    • Compensation: US$208.24k
  • Robert Day

    CEO, President & Director

    • Tenure: 3.3yrs
    • Compensation: US$542.57k
  • Kyle Egbert

    VP & CFO

    • Tenure: 2yrs
    • Compensation: US$389.94k
  • Glen Goldman

    VP, General Counsel & Corporate Secretary

    • Tenure: 1.4yrs
    • Compensation: US$217.34k
  • Sarah Blomquist

    VP of Human Resources & Corporate Administration

    • Tenure: 1.1yrs

Board Members

  • Doug Speers

    Independent Chairman of the Board

    • Tenure: 5.3yrs
    • Compensation: US$102.25k
  • Harvey Joel

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: US$106.10k
  • Gary Mize (68yo)

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: US$111.00k
  • Jim Vanasek

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$1.00
  • Robert Day

    CEO, President & Director

    • Tenure: 3.3yrs
    • Compensation: US$542.57k

Company Information

Ceres Global Ag Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ceres Global Ag Corp.
  • Ticker: CRP
  • Exchange: TSX
  • Founded: 2007
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: CA$138.319m
  • Shares outstanding: 30.74m
  • Website: https://ceresglobalagcorp.com

Number of Employees


Location

  • Ceres Global Ag Corp.
  • 701 Xenia Avenue South
  • Suite 400
  • Golden Valley
  • Minnesota
  • 55416
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRPTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2008
CERG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2008

Biography

Ceres Global Ag Corp. procures and provides agricultural commodities and value-added products, industrial products, fertilizers, energy products, and supply chain logistics services worldwide. It operates  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:07
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.