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Trenchant Capital

TSXV:TCC
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCC
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Trenchant Capital Corp., an investment and venture capital company, focuses on providing special situation debt financing to various companies in Canada. The last earnings update was 39 days ago. More info.


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  • Trenchant Capital has significant price volatility in the past 3 months.
TCC Share Price and Events
7 Day Returns
25%
TSXV:TCC
1.4%
CA Capital Markets
1.2%
CA Market
1 Year Returns
-
TSXV:TCC
-4.3%
CA Capital Markets
4.1%
CA Market
TCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trenchant Capital (TCC) 25% 29.6% - - - -83%
CA Capital Markets 1.4% 4.4% 10% -4.3% 13.2% -15.9%
CA Market 1.2% 2.4% 7.9% 4.1% 15.3% 7.4%
1 Year Return vs Industry and Market
  • No trading data on TCC.
  • No trading data on TCC.
Price Volatility
TCC
Industry
5yr Volatility vs Market

Value

 Is Trenchant Capital 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
  • It is not possible to calculate the future cash flow value for Trenchant Capital. This is due to cash flow or dividend data being unavailable. The share price is CA$0.35.
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 Trenchant Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trenchant Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:TCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:TCC Share Price ** TSXV (2019-04-16) in CAD CA$0.35
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 13.15x
Canada Market PE Ratio Median Figure of 556 Publicly-Listed Companies 15.29x

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

** Primary Listing of Trenchant Capital.

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

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

= 0.35 ÷ -0.01

-58.9x

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

  • Trenchant Capital is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Trenchant Capital is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Trenchant Capital's expected growth come at a high price?
Raw Data
TSXV:TCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.65x
Canada Market PEG Ratio Median Figure of 257 Publicly-Listed Companies 1.21x

*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 Trenchant Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trenchant Capital's assets?
Raw Data
TSXV:TCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.01
TSXV:TCC Share Price * TSXV (2019-04-16) in CAD CA$0.35
Canada Capital Markets Industry PB Ratio Median Figure of 118 Publicly-Listed Capital Markets Companies 1.44x
Canada Market PB Ratio Median Figure of 2,375 Publicly-Listed Companies 1.52x
TSXV:TCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.35 ÷ 0.01

53.67x

* Primary Listing of Trenchant Capital.

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

  • Trenchant Capital is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Trenchant Capital'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Trenchant Capital has a total score of 0/6, 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 Trenchant Capital 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 Trenchant Capital 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
5.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trenchant Capital expected to grow at an attractive rate?
  • Unable to compare Trenchant Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Trenchant Capital's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Trenchant Capital's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:TCC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average -2.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:TCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:TCC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 1 0
2018-03-31 0 0
2017-12-31 -1 0
2017-09-30 0 0
2017-06-30 -2 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Trenchant Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Trenchant Capital 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:TCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Trenchant Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TCC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.01
2016-09-30 -0.02
2016-06-30 -0.04
2016-03-31 -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 Trenchant Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TCC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Trenchant Capital'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 Diversified Financials companies here
  3. Trenchant Capital'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
X
Future performance checks
We assess Trenchant Capital'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.
Trenchant Capital 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 Trenchant Capital 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 Trenchant Capital's growth in the last year to its industry (Capital Markets).
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.
  • Trenchant Capital does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Trenchant Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trenchant Capital's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Trenchant Capital'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 Trenchant Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TCC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.07 0.35
2018-09-30 -0.17 0.36
2018-06-30 -0.23 0.35
2018-03-31 -0.35 0.39
2017-12-31 -0.30 0.32
2017-09-30 -0.25 0.23
2017-06-30 -0.28 0.24
2017-03-31 -0.20 0.16
2016-12-31 -0.09 0.10
2016-09-30 -0.10 0.12
2016-06-30 -0.08 0.11
2016-03-31 -0.02 0.06
2015-12-31 -0.08 0.06
2015-09-30 -0.08 0.06
2015-06-30 -0.08 0.05
2015-03-31 0.12 0.10
2014-12-31 0.00 -1.56 0.17
2014-09-30 0.00 -1.66 0.27
2014-06-30 -0.01 -1.78 0.38
2014-03-31 0.00 -2.09 0.45
2013-12-31 0.00 -1.02 0.50
2013-09-30 0.01 -1.03 0.50
2013-06-30 0.01 -1.01 0.47
2013-03-31 -0.97 0.42
2012-12-31 -0.39 0.32
2012-09-30 -0.41 0.33
2012-06-30 -0.47 0.38

*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 Trenchant Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Trenchant Capital has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trenchant Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Trenchant Capital'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 Capital Markets 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.
Trenchant Capital has a total score of 0/6, 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 Trenchant Capital'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 Trenchant Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trenchant Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trenchant Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Trenchant Capital'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
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 Trenchant Capital Company Filings, last reported 3 months ago.

TSXV:TCC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2.27 15.32 0.16
2018-09-30 2.23 15.46 0.23
2018-06-30 2.15 13.08 0.32
2018-03-31 2.15 13.06 0.49
2017-12-31 2.80 7.24 0.69
2017-09-30 2.85 7.22 0.79
2017-06-30 2.84 6.50 0.95
2017-03-31 0.30 0.00 0.19
2016-12-31 0.40 0.00 0.29
2016-09-30 0.40 0.00 0.43
2016-06-30 0.43 0.00 0.45
2016-03-31 -0.15 0.00 0.00
2015-12-31 -0.17 0.00 0.00
2015-09-30 -0.16 0.00 0.00
2015-06-30 -0.15 0.00 0.00
2015-03-31 -0.13 0.00 0.00
2014-12-31 -0.08 0.00 0.00
2014-09-30 -0.07 0.00 0.00
2014-06-30 -0.07 0.00 0.01
2014-03-31 -0.26 0.00 0.03
2013-12-31 1.48 0.00 0.01
2013-09-30 1.58 0.00 0.01
2013-06-30 1.70 0.00 0.11
2013-03-31 1.83 0.00 0.27
2012-12-31 1.65 0.00 0.48
2012-09-30 1.72 0.00 1.03
2012-06-30 1.80 0.00 1.32
  • Trenchant Capital's level of debt (675.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 675.5% today).
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.

  • Trenchant Capital has less than a year of cash runway based on current free cash flow.
  • Trenchant Capital has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.8% each year.
X
Financial health checks
We assess Trenchant Capital'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. Trenchant Capital has a total score of 1/6, 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 Trenchant Capital'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 Trenchant Capital dividends.
If you bought CA$2,000 of Trenchant Capital 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 Trenchant Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trenchant Capital'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:TCC 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
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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 Trenchant Capital has not reported any payouts.
  • Unable to verify if Trenchant Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trenchant Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trenchant Capital 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 Trenchant Capital'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 Trenchant Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trenchant Capital 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 Trenchant Capital'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
Eric Boehnke
COMPENSATION CA$0
AGE 52
TENURE AS CEO 4.9 years
CEO Bio

Mr. Eric Boehnke has been the Chief Executive Officer and Director of Trenchant Capital Corp. (alternative name Echelon Petroleum Corp.) since May 26, 2014 and serves as its President. Mr. Boehnke served as the Chief Executive Officer at Terrace Energy Corp. from June 10, 2011 to October 2013. He served as the Chief Executive Officer at Petra Petroleum Inc. from May 25, 2007 to December 22, 2009 and served as its President until December 2009. He served as the President of Terrace Energy Corp. since 2011. He served as the Chief Executive Officer and President of Woodbridge Energy Ltd since September 25, 2006. He served as the President of Petra Petroleum Inc. since May 15, 2007. He served as President, Treasurer and Secretary of Southern Star Energy Inc. from November 2, 2006 to December 2007. He served as Principal Financial Officer and Principal Accounting Officer of Southern Star Energy until November 2007. He served as the Chief Executive Officer of Southern Star Energy, Inc. from December 3, 2007 to April 8, 2008 and its Principal Executive Officer. He served as President of Big Sky Management Ltd. since January 1997. He served as President, Chief Financial Officer and Secretary of Cano Petroleum Inc. He served as the President of Vendin One Capital Corp. since May 2000. He served as Secretary, Treasurer, Chief Financial Officer and Chief Accounting Officer and Chief Executive Officer of Dynamic Ventures, Inc. He served as the President of Dynamic Ventures, Inc. from May 2000 to July 15, 2003 and Anthem Recording West Inc., from March 2000 to June 2000. He served as President of K2 Logisitics.com Inc., from April 2000 to April 2002. He served as the President of Hiking Adventures Inc., from February, 2000 to April 2000 and oversaw the acquisition of IQROM Communications Inc. He served as the Owner and Operator of Mescalero from 1996 to 1999. He served for AMF Capital Corp., a venture capital company from 1992 to 1994. He served as Officer and Director of Van Arbor Asset Management Ltd since May 2004. He served as the Chairman of Southern Star Energy, Inc., until September 12, 2008. He has been an Executive Vice Chairman of Terrace Energy Corp. since October 16, 2013 and as its Director since June 10, 2011. He served as Director of Woodbridge Energy Ltd since 2006. He has been Director of Surge Enterprises Inc. since November 02, 2006. He has been Director of Echelon Petroleum Corp., since May 26, 2014. He has been an Independent Director of Petra Petroleum Inc. since May 25, 2007. He served as a Director of Southern Star Energy, Inc., from October 30, 2006 to April 14, 2010. He served as a Director of Big Sky Management Ltd since 1996; Jadestone Energy Inc. until April 21, 2015 and Vendin One Capital Corp. He served as a Director of Cano Petroleum Inc. from May 2003 to June 2004, Hiking Adventures Inc. from February, 2000 to April 2000 and Dynamic Ventures, Inc. since April 2000. He served as a Director of Anthem Recording West Inc. He served as Director of K2 Logisitics.com Inc., from February 2000 to April 20, 2000. Over a 15-year career, Mr. Boehnke has been an officer and director of a number public companies, including Mitra Energy Inc. and Dynasty Metals and Mining Inc. Mr. Boehnke earned a Bachelor of Science degree from the University of Toronto in 1984.

CEO Compensation
  • Insufficient data for Eric to compare compensation growth.
  • Eric's remuneration is lower than average for companies of similar size in Canada.
Management Team

Eric Boehnke

TITLE
President
AGE
52
TENURE
4.9 yrs

Jenny Choboter

TITLE
CFO, Secretary & Director
COMPENSATION
CA$6K
AGE
72
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Trenchant Capital board of directors in years:

3.9
Average Tenure
52
Average Age
  • The tenure for the Trenchant Capital board of directors is about average.
Board of Directors

Eric Boehnke

TITLE
President
AGE
52
TENURE
4.9 yrs

Jenny Choboter

TITLE
CFO, Secretary & Director
COMPENSATION
CA$6K
AGE
72
TENURE
0.3 yrs

Lee Groat

TITLE
Founding Member of Advisory Board
TENURE
7.8 yrs

Tom English

TITLE
Director
AGE
44
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Trenchant Capital insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Apr 19 Buy Eric Boehnke Individual 11. Apr 19 11. Apr 19 1,000,000 CA$0.10 CA$100,001
12. Apr 19 Buy Eric Boehnke Individual 11. Apr 19 11. Apr 19 8,000 CA$0.28 CA$2,225
10. Jan 19 Buy Eric Boehnke Individual 27. Dec 18 27. Dec 18 8,878 CA$0.25 CA$2,180
25. Sep 18 Buy Eric Boehnke Individual 21. Sep 18 21. Sep 18 14,500 CA$0.28 CA$4,060
X
Management checks
We assess Trenchant Capital'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. Trenchant Capital 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

How Does Investing In Trenchant Capital Corp. (CVE:TCC) Impact The Volatility Of Your Portfolio?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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Do Insiders Own Shares In Trenchant Capital Corp (CVE:TCC)?

Every investor in Trenchant Capital Corp (CVE:TCC) should be aware of the most powerful shareholder groups. … Trenchant Capital is not a large company by global standards. … View our latest analysis for Trenchant Capital

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Who Really Owns Trenchant Capital Corp (CVE:TCC)?

Today, I will be analyzing Trenchant Capital Corp’s (CVE:TCC) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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What Kind Of Risk And Return Should You Expect For Trenchant Capital Corp (TSXV:TCC)?

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … This level of volatility indicates bigger risk for investors who passively invest in the stock market index. … Take into account your portfolio sensitivity to the market before you invest in the stock, as well as where we are in the current economic cycle.

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Company Info

Description

Trenchant Capital Corp., an investment and venture capital company, focuses on providing special situation debt financing to various companies in Canada. The company was formerly known as Echelon Petroleum Corp. and changed its name to Trenchant Capital Corp. in May 2017. Trenchant Capital Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.

Details
Name: Trenchant Capital Corp.
TCC
Exchange: TSXV
Founded: 2009
CA$4,073,337
11,638,107
Website: http://www.trenchantcapital.net
Address: Trenchant Capital Corp.
1066 West Hastings Street,
Suite 1790,
Vancouver,
British Columbia, V6E 3X1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TCC Common Shares TSX Venture Exchange CA CAD 31. Aug 2010
Number of employees
Current staff
Staff numbers
0
Trenchant Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:13
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.