TSXV:FMV.P

Stock Analysis Report

Executive Summary

Foremost Ventures Corp. intends to identify and evaluate businesses or assets with a view to completing a qualifying transaction.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Foremost Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FMV.P has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

23.8%

FMV.P

0.3%

CA Capital Markets

0.6%

CA Market


1 Year Return

n/a

FMV.P

17.6%

CA Capital Markets

5.3%

CA Market

Return vs Industry: Insufficient data to determine how FMV.P performed against the Canadian Capital Markets industry.

Return vs Market: Insufficient data to determine how FMV.P performed against the Canadian Market.


Shareholder returns

FMV.PIndustryMarket
7 Day23.8%0.3%0.6%
30 Day18.2%0.6%1.0%
90 Day4.0%4.3%4.5%
1 Yearn/a22.9%17.6%8.6%5.3%
3 Yearn/a28.0%12.1%18.0%7.4%
5 Yearn/a49.4%17.7%34.4%14.9%

Price Volatility Vs. Market

How volatile is Foremost Ventures's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Foremost Ventures undervalued compared to its fair value and its price relative to the market?

1.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FMV.P's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FMV.P's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FMV.P is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FMV.P is overvalued based on its PB Ratio (1.7x) compared to the CA Capital Markets industry average (0.9x).


Next Steps

Future Growth

How is Foremost Ventures forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials 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 Foremost Ventures 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 Foremost Ventures performed over the past 5 years?

16.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FMV.P is currently unprofitable.

Growing Profit Margin: FMV.P is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if FMV.P's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: FMV.P is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-13.4%).


Return on Equity

High ROE: FMV.P has a negative Return on Equity (-34.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Foremost Ventures's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FMV.P has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FMV.P's debt is covered by short term assets.


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: FMV.P has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FMV.P has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 139.6% each year


Financial Institutions Analysis

Asset Level: FMV.P's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FMV.P has a sufficient allowance for bad loans.

Low Risk Liabilities: FMV.P reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FMV.P has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FMV.P has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FMV.P has an appropriate level of bad loans.


Next Steps

Dividend

What is Foremost Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if FMV.P'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 FMV.P's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

John Thompson (63yo)

2.3yrs

Tenure

0

Mr. John Thompson serves as Chief Executive Officer and Director at Connaught Ventures Inc. Mr. Thompson serve as the Chief Executive Officer and Director at Foremost Ventures Corp.. 


Board Members

NamePositionTenureCompensationOwnership
John Thompson
CEO & Director2.3yrsno data25% CA$65.0k
Frank Stronach
CFO, Corporate Secretary & Director2.3yrsno data25% CA$65.0k
John McCoach
Independent Director2.3yrsno data25% CA$65.0k
Azim Dhalla
Independent Director2.3yrsno data25% CA$65.0k

2.3yrs

Average Tenure

62yo

Average Age

Experienced Board: FMV.P's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Foremost Ventures Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Foremost Ventures Corp.
  • Ticker: FMV.P
  • Exchange: TSXV
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$260.000k
  • Shares outstanding: 2.00m
  • Website: https://null

Location

  • Foremost Ventures Corp.
  • 789 West Pender Street
  • Suite 1510
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMV.PTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2018

Biography

Foremost Ventures Corp. intends to identify and evaluate businesses or assets with a view to completing a qualifying transaction. The company was incorporated in 2017 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 02:12
End of Day Share Price2020/02/19 00:00
Earnings2019/11/30
Annual Earnings2019/02/28


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.