TORR Stock Overview
Torrent Capital Ltd., an investment company and merchant bank, invests primarily in the securities of public and private companies.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.05|
|52 Week High||CA$1.25|
|52 Week Low||CA$0.89|
|1 Month Change||-6.25%|
|3 Month Change||-15.32%|
|1 Year Change||2.94%|
|3 Year Change||172.73%|
|5 Year Change||n/a|
|Change since IPO||-72.00%|
Recent News & Updates
|TORR||CA Capital Markets||CA Market|
Return vs Industry: TORR underperformed the Canadian Capital Markets industry which returned 33.7% over the past year.
Return vs Market: TORR underperformed the Canadian Market which returned 15% over the past year.
|TORR Average Weekly Movement||12.0%|
|Capital Markets Industry Average Movement||6.4%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: TORR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: TORR's weekly volatility (12%) has been stable over the past year.
About the Company
Torrent Capital Ltd., an investment company and merchant bank, invests primarily in the securities of public and private companies. It also provides merchant banking services to select companies, as well as advisory services for corporate finance and capital markets. The company was formerly known as Metallum Resources Inc. and changed its name to Torrent Capital Ltd.
Torrent Capital Fundamentals Summary
|TORR fundamental statistics|
Is TORR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TORR income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.26|
|Net Profit Margin||69.20%|
How did TORR perform over the long term?See historical performance and comparison
Is Torrent Capital undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TORR (CA$1.05) is trading below our estimate of fair value (CA$5.74)
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 (4x) compared to the Canadian Capital Markets industry average (9.6x).
PE vs Market: TORR is good value based on its PE Ratio (4x) compared to the Canadian market (12.6x).
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 (0.9x) compared to the CA Capital Markets industry average (1.8x).
How is Torrent Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Torrent Capital performed over the past 5 years?
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 (69.2%) are lower than last year (79.6%).
Past Earnings Growth Analysis
Earnings Trend: TORR's earnings have grown significantly by 58.7% per year over the past 5 years.
Accelerating Growth: TORR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TORR had negative earnings growth (-36.7%) over the past year, making it difficult to compare to the Capital Markets industry average (26.2%).
Return on Equity
High ROE: TORR's Return on Equity (21.8%) is considered high.
How is Torrent Capital's financial position?
Financial Position Analysis
Short Term Liabilities: TORR's short term assets (CA$797.3K) exceed its short term liabilities (CA$183.3K).
Long Term Liabilities: TORR's short term assets (CA$797.3K) do not cover its long term liabilities (CA$1.8M).
Debt to Equity History and Analysis
Debt Level: TORR is debt free.
Reducing Debt: TORR has not had any debt for past 5 years.
Debt Coverage: TORR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TORR has no debt, therefore coverage of interest payments is not a concern.
What is Torrent Capital current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TORR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TORR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TORR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TORR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TORR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wade Dawe (51 yo)
Mr. Wade K. Dawe serves as a Managing Director at Brigus Capital Inc. He serves as Chief Executive Officer of Torrent Capital Ltd. since April 15, 2016 and serves as its President. Mr. Dawe is an accomplis...
CEO Compensation Analysis
Compensation vs Market: Wade's total compensation ($USD556.23K) is above average for companies of similar size in the Canadian market ($USD158.71K).
Compensation vs Earnings: Wade's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: TORR's management team is seasoned and experienced (5.4 years average tenure).
Experienced Board: TORR's board of directors are considered experienced (7 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Torrent Capital Ltd.'s employee growth, exchange listings and data sources
- Name: Torrent Capital Ltd.
- Ticker: TORR
- Exchange: TSXV
- Founded: NaN
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: CA$25.443m
- Shares outstanding: 24.23m
- Website: https://torrentcapital.ca
- Torrent Capital Ltd.
- Purdy’s Wharf II
- Suite 2001
- Nova Scotia
- B3J 3R7
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 01:01|
|End of Day Share Price||2022/01/25 00:00|
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.