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NatureBank Asset Management

TSXV:COO
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COO
TSXV
CA$1M
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

NatureBank Asset Management Inc. engages in sourcing, financing, developing, and commercializing commodity projects in the agro-forestry and carbon sectors in Canada, Europe, the United States, Southeast Asia, and Africa. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • NatureBank Asset Management has significant price volatility in the past 3 months.
COO Share Price and Events
7 Day Returns
0%
TSXV:COO
1.3%
CA Commercial Services
-0.3%
CA Market
1 Year Returns
0%
TSXV:COO
-28.4%
CA Commercial Services
-3.3%
CA Market
COO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NatureBank Asset Management (COO) 0% -20% -42.9% 0% -55.6% -80%
CA Commercial Services 1.3% -0.6% -4.1% -28.4% 1.7% -48.7%
CA Market -0.3% -1.2% -0.7% -3.3% 11.2% 0.5%
1 Year Return vs Industry and Market
  • COO outperformed the Commercial Services industry which returned -28.4% over the past year.
  • COO outperformed the Market in Canada which returned -3.3% over the past year.
Price Volatility
COO
Industry
5yr Volatility vs Market

Value

 Is NatureBank Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NatureBank Asset Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NatureBank Asset Management.

TSXV:COO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:COO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.687 (1 + (1- 26.5%) (82.33%))
1.068
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.068 * 5.96%)
8.31%

Discounted Cash Flow Calculation for TSXV:COO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NatureBank Asset Management is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:COO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.31%)
2019 0.98 Est @ 57.82% 0.91
2020 1.39 Est @ 41.06% 1.18
2021 1.79 Est @ 29.32% 1.41
2022 2.17 Est @ 21.11% 1.58
2023 2.51 Est @ 15.36% 1.68
2024 2.79 Est @ 11.34% 1.73
2025 3.03 Est @ 8.52% 1.73
2026 3.23 Est @ 6.55% 1.70
2027 3.39 Est @ 5.17% 1.65
2028 3.53 Est @ 4.2% 1.59
Present value of next 10 years cash flows CA$15.16
TSXV:COO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$3.53 × (1 + 1.95%) ÷ (8.31% – 1.95%)
CA$56.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$56.58 ÷ (1 + 8.31%)10
CA$25.46
TSXV:COO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$15.16 + CA$25.46
CA$40.62
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$40.62 / 52.63
CA$0.77
TSXV:COO Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.77
Current discount Discount to share price of CA$0.02
= -1 x (CA$0.02 - CA$0.77) / CA$0.77
97.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NatureBank Asset Management is available for.
Intrinsic value
>50%
Share price is CA$0.02 vs Future cash flow value of CA$0.77176
Current Discount Checks
For NatureBank Asset Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NatureBank Asset Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NatureBank Asset Management's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NatureBank Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NatureBank Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:COO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.00
TSXV:COO Share Price ** TSXV (2019-06-12) in CAD CA$0.02
Canada Commercial Services Industry PE Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 17.2x
Canada Market PE Ratio Median Figure of 547 Publicly-Listed Companies 15.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NatureBank Asset Management.

TSXV:COO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:COO Share Price ÷ EPS (both in CAD)

= 0.02 ÷ 0.00

4.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NatureBank Asset Management is good value based on earnings compared to the CA Commercial Services industry average.
  • NatureBank Asset Management is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does NatureBank Asset Management's expected growth come at a high price?
Raw Data
TSXV:COO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Commercial Services Industry PEG Ratio Median Figure of 37 Publicly-Listed Commercial Services Companies 1.71x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NatureBank Asset Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NatureBank Asset Management's assets?
Raw Data
TSXV:COO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$-0.03
TSXV:COO Share Price * TSXV (2019-06-12) in CAD CA$0.02
Canada Commercial Services Industry PB Ratio Median Figure of 21 Publicly-Listed Commercial Services Companies 1.33x
Canada Market PB Ratio Median Figure of 2,422 Publicly-Listed Companies 1.41x
TSXV:COO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:COO Share Price ÷ Book Value per Share (both in CAD)

= 0.02 ÷ -0.03

-0.6x

* Primary Listing of NatureBank Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NatureBank Asset Management has negative assets, we can't compare the value of its assets to the CA Commercial Services industry average.
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Value checks
We assess NatureBank Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. NatureBank Asset Management has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NatureBank Asset Management expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 NatureBank Asset Management 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.7%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NatureBank Asset Management expected to grow at an attractive rate?
  • Unable to compare NatureBank Asset Management's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NatureBank Asset Management's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare NatureBank Asset Management's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:COO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Canada Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 8.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:COO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:COO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 3 1 0
2018-12-31 3 1 0
2018-09-30 3 1 1
2018-06-30 3 1 1
2018-03-31 2 0 0
2017-12-31 2 0 0
2017-09-30 4 0 -1
2017-06-30 4 0 -1
2017-03-31 4 0 -2
2016-12-31 4 0 -2
2016-09-30 4 0 -2
2016-06-30 4 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NatureBank Asset Management is high growth as no earnings estimate data is available.
  • Unable to determine if NatureBank Asset Management is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:COO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NatureBank Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:COO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.01
2017-12-31 0.00
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.05
2016-06-30 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NatureBank Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether NatureBank Asset Management is trading at NatureBank Asset Management'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. NatureBank Asset Management's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. NatureBank Asset Management's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess NatureBank Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NatureBank Asset Management has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NatureBank Asset Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NatureBank Asset Management's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NatureBank Asset Management has delivered over 20% year on year earnings growth in the past 5 years.
  • NatureBank Asset Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NatureBank Asset Management's 1-year earnings growth is negative, it can't be compared to the CA Commercial Services industry average.
Earnings and Revenue History
NatureBank Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NatureBank Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:COO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2.90 0.25 1.47
2018-12-31 3.04 0.38 1.45
2018-09-30 3.44 0.92 1.35
2018-06-30 3.04 0.83 1.46
2018-03-31 2.22 0.28 1.61
2017-12-31 2.15 0.16 1.77
2017-09-30 3.99 -1.15 2.46 0.00
2017-06-30 3.67 -1.47 2.68 0.01
2017-03-31 3.55 -1.74 2.82 0.02
2016-12-31 3.67 -1.91 3.16 0.05
2016-09-30 3.96 -2.04 3.36 0.07
2016-06-30 3.95 -1.95 3.41 0.11
2016-03-31 3.73 -2.12 3.27 0.21
2015-12-31 3.67 -2.26 3.19 0.33
2015-09-30 3.46 -2.98 3.24 0.44
2015-06-30 4.16 -2.57 3.02 0.45
2015-03-31 4.65 -2.33 3.09 0.39
2014-12-31 5.27 -1.91 3.12 0.27
2014-09-30 5.61 -4.04 3.30 0.20
2014-06-30 6.08 -3.49 3.42 0.16
2014-03-31 7.09 -2.76 3.73 0.10
2013-12-31 7.10 -3.17 4.09 0.10
2013-09-30 7.39 1.22 3.70 0.02
2013-06-30 5.74 0.13 3.27 0.02
2013-03-31 4.27 -0.69 2.48 0.02
2012-12-31 3.32 -0.65 1.77
2012-09-30 2.06 -2.04 1.76
2012-06-30 4.93 -1.64 1.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if NatureBank Asset Management has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • NatureBank Asset Management used its assets more efficiently than the CA Commercial Services industry average last year based on Return on Assets.
  • It is difficult to establish if NatureBank Asset Management improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess NatureBank Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NatureBank Asset Management has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NatureBank Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NatureBank Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NatureBank Asset Management's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NatureBank Asset Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NatureBank Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • NatureBank Asset Management has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NatureBank Asset Management Company Filings, last reported 2 months ago.

TSXV:COO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -1.76 0.87 0.40
2018-12-31 -1.58 0.86 0.51
2018-09-30 -2.01 0.86 1.22
2018-06-30 -1.94 0.85 1.34
2018-03-31 -2.46 0.85 0.70
2017-12-31 -2.35 0.85 0.53
2017-09-30 -3.04 0.84 0.51
2017-06-30 -2.89 0.83 0.51
2017-03-31 -2.95 0.81 0.52
2016-12-31 -2.79 0.79 0.40
2016-09-30 -2.21 0.75 0.46
2016-06-30 -2.08 0.86 0.49
2016-03-31 -1.81 0.84 0.30
2015-12-31 -1.54 0.55 0.19
2015-09-30 -0.62 0.22 0.33
2015-06-30 -1.07 0.00 0.43
2015-03-31 -0.64 0.00 0.47
2014-12-31 -0.18 0.00 0.83
2014-09-30 1.48 0.00 0.58
2014-06-30 1.42 0.00 0.82
2014-03-31 1.52 0.00 0.29
2013-12-31 1.56 0.00 0.73
2013-09-30 5.25 0.00 0.30
2013-06-30 4.79 0.00 0.59
2013-03-31 4.13 0.00 0.52
2012-12-31 4.52 0.00 1.81
2012-09-30 2.08 0.00 0.58
2012-06-30 2.58 0.00 1.11
  • NatureBank Asset Management has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if NatureBank Asset Management's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (75.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess NatureBank Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NatureBank Asset Management has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NatureBank Asset Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NatureBank Asset Management dividends.
If you bought CA$2,000 of NatureBank Asset Management shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NatureBank Asset Management's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NatureBank Asset Management's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:COO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 45 Stocks 1.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NatureBank Asset Management has not reported any payouts.
  • Unable to verify if NatureBank Asset Management's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NatureBank Asset Management's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NatureBank Asset Management has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NatureBank Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NatureBank Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NatureBank Asset Management has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NatureBank Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Cull
COMPENSATION CA$174,709
TENURE AS CEO 1.4 years
CEO Bio

Mr. Phillip Cull, also known as Phil, has been Chief Executive Officer at NatureBank Asset Management Inc. since 2018 and served as its Co-Chief Executive Officer since February 2017. Mr. Cull has been Corporate Secretary of NatureBank Asset Management Inc. since March 1, 2018. He serves as Director of Sourcing at Offsetters Clean Technology Inc. He served as the Chief Financial Officer at NatureBank Asset Management Inc. from December 1, 2015 to August 31, 2017 and served as its Managing Director of Risk & Operations from April 2, 2016 to February 2017. Mr. Cull served as Vice President of Project Development at NatureBank Asset Management Inc. until December 1, 2015. He has broad-based experience in financial markets and scientific training. Prior to Offsetters, he spent seven years in London, where he worked with American Express Bank, HSBC, Société Générale and Goldman Sachs. He has been a Director of NatureBank Asset Management Inc. since July 19, 2017. He served as an Executive Director of Agency Equity Lending business at Goldman Sachs and served as its head of trading desk in London. He was also involved in the broader equity finance market and was a member of Corporate Governance committee at the global industry association ISLA. Mr. Cull has a BSc in Applied Geology from the University of Hertfordshire from 1995 to 1998. He earned his MSc in Climate Change and Risk Management from the University of Exeter in the UK from 2008 to 2009. He spent a year as a research student at St. Andrews investigating high temperature ceramics for fuel cell applications. He has an academic career in climate change, in particular, the interaction between science and finance. Mr. Cull's postgraduate research focused on the European emissions trading scheme and its relationship to European power and energy prices.

CEO Compensation
  • Phil's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Phil's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the NatureBank Asset Management management team in years:

1.4
Average Tenure
  • The average tenure for the NatureBank Asset Management management team is less than 2 years, this suggests a new team.
Management Team

Phil Cull

TITLE
CEO, Corporate Secretary & Director
COMPENSATION
CA$175K
TENURE
1.4 yrs

Slavica Leporis

TITLE
Interim CFO & Controller
COMPENSATION
CA$99K
TENURE
1.3 yrs

James Tansey

TITLE
Director
COMPENSATION
CA$60K
TENURE
2.3 yrs

Rosita Morandin

TITLE
CFO & Company Secretary (Leave of Absence)
COMPENSATION
CA$35K
TENURE
1.3 yrs

Rob Falls

TITLE
Founder & Senior Advisor of Special Projects
COMPENSATION
CA$66K
AGE
66

David Rokoss

TITLE
Director of Corporate Development

Rob Friberg

TITLE
External Consultant - Forest Projects

Paul DiPasquale

TITLE
Senior Advisor of Investor Relations & Member of Advisory Board
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure of the NatureBank Asset Management board of directors in years:

4.3
Average Tenure
  • The tenure for the NatureBank Asset Management board of directors is about average.
Board of Directors

Harry Assenmacher

TITLE
Chairman
TENURE
3.5 yrs

Phil Cull

TITLE
CEO, Corporate Secretary & Director
COMPENSATION
CA$175K
TENURE
1.9 yrs

James Tansey

TITLE
Director
COMPENSATION
CA$60K
TENURE
6.7 yrs

Murray Ward

TITLE
Member of Advisory Board
TENURE
9.2 yrs

Paul DiPasquale

TITLE
Senior Advisor of Investor Relations & Member of Advisory Board

Alexander Zang

TITLE
Director
TENURE
7 yrs

Dirk Walterspacher

TITLE
Director
COMPENSATION
CA$186K
TENURE
4.3 yrs

Eduard Weber-Bemnet

TITLE
Director
TENURE
4.3 yrs

Candice Alderson

TITLE
Director
TENURE
1 yrs

Guy O'Loughnane

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by NatureBank Asset Management insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
25. May 19 Buy Guy O'Loughnane Individual 24. May 19 24. May 19 330,000 CA$0.02 CA$8,250
14. May 19 Buy Guy O'Loughnane Individual 14. May 19 14. May 19 5,000 CA$0.03 CA$125
09. May 19 Buy Guy O'Loughnane Individual 09. May 19 09. May 19 8,000 CA$0.03 CA$200
08. May 19 Buy Guy O'Loughnane Individual 08. May 19 08. May 19 9,000 CA$0.03 CA$225
02. Apr 19 Buy Guy O'Loughnane Individual 02. Apr 19 02. Apr 19 123,000 CA$0.03 CA$3,075
X
Management checks
We assess NatureBank Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NatureBank Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does NatureBank Asset Management Inc. (CVE:COO) Have A Good P/E Ratio?

Looking at earnings over the last twelve months, NatureBank Asset Management has a P/E ratio of 3.45. … View our latest analysis for NatureBank Asset Management How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for NatureBank Asset Management: P/E of 3.45 = CA$0.025 ÷ CA$0.0072 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

What Kind Of Shareholders Own NatureBank Asset Management Inc. (CVE:COO)?

A look at the shareholders of NatureBank Asset Management Inc. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

NatureBank Asset Management (CVE:COO) Shareholders Booked A 75% Gain In The Last Year

To wit, the NatureBank Asset Management Inc. … As a general rule, if the market is looking past earnings to focus on revenue, there is a hope for, or expectation of, strong growth. … NatureBank Asset Management grew its revenue by 53% last year.

Simply Wall St -

NatureBank Asset Management Inc. (CVE:COO): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

What Are The Drivers Of NatureBank Asset Management Inc's (CVE:COO) Risks?

If you're interested in NatureBank Asset Management Inc (CVE:COO), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Should You Be Tempted To Buy NatureBank Asset Management Inc (CVE:COO) At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between NatureBank Asset Management Inc (CVE:COO)’s fundamentals and stock market performance. … NatureBank Asset Management Inc (CVE:COO) is currently trading at a trailing P/E of 3x, which is lower than the industry average of 28.7x.

Simply Wall St -

Should You Be Tempted To Buy NatureBank Asset Management Inc (CVE:COO) Because Of Its PE Ratio?

See our latest analysis for NatureBank Asset Management Breaking down the P/E ratio TSXV:COO PE PEG Gauge May 7th 18 The P/E ratio is a popular ratio used in relative valuation since earnings power is a key driver of investment value. … It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for COO Price per share = CA$0.02 Earnings per share = CA$0.007 ∴ Price-Earnings Ratio = CA$0.02 ÷ CA$0.007 = 3x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies.

Simply Wall St -

Who Owns Most Of NatureBank Asset Management Inc (CVE:COO)?

In this article, I'm going to take a look at NatureBank Asset Management Inc’s (TSXV:COO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Check out our latest analysis for NatureBank Asset Management TSXV:COO Ownership_summary Mar 27th 18 Insider Ownership Another important group of shareholders are company insiders. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

Simply Wall St -

When Will NatureBank Asset Management Inc (CVE:COO) Run Out Of Money?

View our latest analysis for NatureBank Asset Management What is cash burn? … The measure of how fast NatureBank Asset Management goes through its cash reserves over time is called the cash burn rate. … Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on NatureBank Asset Management’s board and the CEO’s back ground.

Simply Wall St -

All You Need To Know About NatureBank Asset Management Inc's (CVE:COO) Risks

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 2.09, NatureBank Asset Management is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Company Info

Description

NatureBank Asset Management Inc. engages in sourcing, financing, developing, and commercializing commodity projects in the agro-forestry and carbon sectors in Canada, Europe, the United States, Southeast Asia, and Africa. Its services include assessment, project/program design, design validation, data monitoring and management, and annual verification and credit registration. The company also provides advisory, technology, and impact investment services to public and private organizations. In addition, it offers forest carbon project development, ecosystems, and conservation finance services, as well as climate risk management services. The company was formerly known as Offsetters Climate Solutions Inc. and changed its name to NatureBank Asset Management Inc. in October 2015. NatureBank Asset Management Inc. was founded in 2004 and is headquartered in Vancouver, Canada.

Details
Name: NatureBank Asset Management Inc.
COO
Exchange: TSXV
Founded: 2004
CA$1,052,621
52,631,076
Website: http://www.naturebank.com
Address: NatureBank Asset Management Inc.
948 Homer Street,
Unit 300,
Vancouver,
British Columbia, V6B 2W7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV COO Common Stock TSX Venture Exchange CA CAD 27. Jul 2008
DB A142TS Common Stock Deutsche Boerse AG DE EUR 27. Jul 2008
Number of employees
Current staff
Staff numbers
0
NatureBank Asset Management employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 00:12
End of day share price update: 2019/06/12 00:00
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.