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TORR

Torrent CapitalTSXV:TORR Stock Report

Last Price

CA$1.05

Market Cap

CA$25.4m

7D

2.9%

1Y

2.9%

Updated

26 Jan, 2022

Data

Company Financials
TORR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Torrent Capital
Historical stock prices
Current Share PriceCA$1.05
52 Week HighCA$1.25
52 Week LowCA$0.89
Beta0.94
1 Month Change-6.25%
3 Month Change-15.32%
1 Year Change2.94%
3 Year Change172.73%
5 Year Changen/a
Change since IPO-72.00%

Recent News & Updates

Shareholder Returns

TORRCA Capital MarketsCA Market
7D2.9%-3.9%-2.9%
1Y2.9%33.1%16.1%

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.

Price Volatility

Is TORR's price volatile compared to industry and market?
TORR volatility
TORR Average Weekly Movement12.0%
Capital Markets Industry Average Movement6.4%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market3.7%

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

FoundedEmployeesCEOWebsite
n/an/aWade Dawehttps://torrentcapital.ca

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

How do Torrent Capital's earnings and revenue compare to its market cap?
TORR fundamental statistics
Market CapCA$25.44m
Earnings (TTM)CA$6.36m
Revenue (TTM)CA$9.19m

4.0x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TORR income statement (TTM)
RevenueCA$9.19m
Cost of RevenueCA$0
Gross ProfitCA$9.19m
ExpensesCA$2.83m
EarningsCA$6.36m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin100.00%
Net Profit Margin69.20%
Debt/Equity Ratio0.0%

How did TORR perform over the long term?

See historical performance and comparison

Valuation

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$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).


Future Growth

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

-2.2%

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.


Past Performance

How has Torrent Capital performed over the past 5 years?

58.7%

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.


Financial Health

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.


Balance Sheet


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?

5.4yrs

Average management tenure


CEO

Wade Dawe (51 yo)

5.75yrs

Tenure

CA$702,512

Compensation

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.


Leadership Team

Experienced Management: TORR's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: TORR's board of directors are considered experienced (7 years average tenure).


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.


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 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
  • Implied Market Cap: CA$25.443m
  • Shares outstanding: 24.23m
  • Website: https://torrentcapital.ca

Location

  • Torrent Capital Ltd.
  • Purdy’s Wharf II
  • Suite 2001
  • Halifax
  • Nova Scotia
  • B3J 3R7
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 01:01
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.