Torrent Capital
Market Cap
CA$22.8m
Last Updated
2021/01/26 00:28 UTC
Data Sources
Company Financials
Executive Summary
Torrent Capital Ltd. focuses on investments in private and public company securities. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has Torrent Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TORR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: TORR's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
14.1%
TORR
-1.1%
CA Capital Markets
-0.2%
CA Market
1 Year Return
110.9%
TORR
-5.2%
CA Capital Markets
2.4%
CA Market
Return vs Industry: TORR exceeded the Canadian Capital Markets industry which returned -5.2% over the past year.
Return vs Market: TORR exceeded the Canadian Market which returned 2.4% over the past year.
Shareholder returns
| TORR | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.1% | -1.1% | -0.2% |
| 30 Day | 22.8% | -2.8% | 2.8% |
| 90 Day | 9.0% | 17.0% | 15.1% |
| 1 Year | 110.9%110.9% | -3.0%-5.2% | 6.1%2.4% |
| 3 Year | 266.0%266.0% | 34.9%25.2% | 14.7%3.8% |
| 5 Year | n/a | 80.4%57.0% | 62.6%37.5% |
Long-Term Price Volatility Vs. Market
How volatile is Torrent Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Who Has Been Buying Torrent Capital Ltd. (CVE:TORR) Shares?3 months ago | Simply Wall St
Director Harold Megann Just Bought 7.8% More Shares In Torrent Capital Ltd. (CVE:TORR)4 months ago | Simply Wall St
Torrent Capital Ltd.'s (CVE:TORR) Low P/E No Reason For ExcitementValuation
Is Torrent Capital undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TORR (CA$0.97) is trading below our estimate of fair value (CA$2.27)
Significantly Below Fair Value: TORR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TORR is good value based on its PE Ratio (2.3x) compared to the CA Capital Markets industry average (11.7x).
PE vs Market: TORR is good value based on its PE Ratio (2.3x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TORR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TORR is good value based on its PB Ratio (1x) compared to the CA Capital Markets industry average (1.4x).
Next Steps
Future Growth
How is Torrent Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
42.5%
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 Torrent 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 SimplyWall St do have past financial data.
Next Steps
- Examine whether Torrent Capital is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Torrent Capital competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Torrent Capital performed over the past 5 years?
58.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TORR has a high level of non-cash earnings.
Growing Profit Margin: TORR's current net profit margins (79.6%) are higher than last year (23.3%).
Past Earnings Growth Analysis
Earnings Trend: TORR has become profitable over the past 5 years, growing earnings by 58.4% per year.
Accelerating Growth: TORR's earnings growth over the past year (3003.1%) exceeds its 5-year average (58.4% per year).
Earnings vs Industry: TORR earnings growth over the past year (3003.1%) exceeded the Capital Markets industry 15.2%.
Return on Equity
High ROE: TORR's Return on Equity (44.7%) is considered outstanding.
Next Steps
Financial Health
How is Torrent Capital's financial position?
Financial Position Analysis
Short Term Liabilities: TORR's short term assets (CA$1.8M) exceed its short term liabilities (CA$477.3K).
Long Term Liabilities: TORR's short term assets (CA$1.8M) exceed its long term liabilities (CA$1.3M).
Debt to Equity History and Analysis
Debt Level: TORR is debt free.
Reducing Debt: TORR has not had any debt for past 5 years.
Debt Coverage: TORR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TORR has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Torrent Capital current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TORR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TORR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TORR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TORR'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 TORR'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?
4.4yrs
Average management tenure
CEO
Wade Dawe (50 yo)
4.75yrs
Tenure
CA$180,000
Compensation
Mr. Wade K. Dawe serves as Chief Executive Officer of Torrent Capital Ltd. (formerly known as Metallum Resources Inc.) since April 15, 2016. Mr. Dawe is an accomplished Entrepreneur, Financier and Investor...
CEO Compensation Analysis
Compensation vs Market: Wade's total compensation ($USD141.09K) is about average for companies of similar size in the Canadian market ($USD152.60K).
Compensation vs Earnings: Wade's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.75yrs | CA$180.00k | 16.38% CA$ 3.7m | |
| CFO & Corporate Secretary | 4.42yrs | CA$66.30k | 0.083% CA$ 19.0k | |
| Chief Investment Officer | 3.92yrs | CA$236.50k | no data |
4.4yrs
Average Tenure
50yo
Average Age
Experienced Management: TORR's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.75yrs | CA$180.00k | 16.38% CA$ 3.7m | |
| Independent Chairman | 3.67yrs | CA$30.00k | 0.52% CA$ 118.8k | |
| Independent Director | 12.17yrs | CA$23.50k | 2.05% CA$ 468.4k | |
| Director | 7.42yrs | CA$23.00k | 4.69% CA$ 1.1m |
7.4yrs
Average Tenure
56.5yo
Average Age
Experienced Board: TORR's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TORR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Torrent Capital Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Torrent Capital Ltd.
- Ticker: TORR
- Exchange: TSXV
- Founded: NaN
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CA$22.830m
- Shares outstanding: 24.03m
- Website: https://torrentcapital.ca
Location
- Torrent Capital Ltd.
- Purdy’s Wharf II
- Suite 2001
- Halifax
- Nova Scotia
- B3J 3R7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TORR | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Mar 1990 |
| TRRP.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 1990 |
| 0MLA | MUN (Boerse Muenchen) | Yes | Common Shares | DE | EUR | Mar 1990 |
Biography
Torrent Capital Ltd. focuses on investments in private and public company securities. It also provides merchant banking services to small scale companies, as well as advisory services for corporate finance...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 00:28 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.