TSXV:ATI

Stock Analysis Report

Altai Resources

Executive Summary

Altai Resources Inc. operates as a natural resource exploration and development company in Canada.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has Altai Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

10.0%

ATI

-0.5%

CA Oil and Gas

-0.2%

CA Market


1 Year Return

-52.2%

ATI

-12.6%

CA Oil and Gas

1.5%

CA Market

Return vs Industry: ATI underperformed the Canadian Oil and Gas industry which returned -12.6% over the past year.

Return vs Market: ATI underperformed the Canadian Market which returned 1.5% over the past year.


Shareholder returns

ATIIndustryMarket
7 Day10.0%-0.5%-0.2%
30 Day-8.3%-6.1%-3.5%
90 Day-26.7%-4.5%-1.8%
1 Year-52.2%-52.2%-8.7%-12.6%5.1%1.5%
3 Year-31.3%-31.3%-17.1%-25.5%13.3%3.2%
5 Year125.6%-15.4%-21.5%-33.4%25.2%7.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Altai Resources undervalued compared to its fair value and its price relative to the market?

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ATI is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: ATI 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 ATI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATI is good value based on its PB Ratio (0.6x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

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

-2.9%

Forecasted Energy 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 Altai Resources 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 Altai Resources performed over the past 5 years?

67.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATI is unprofitable, but has reduced losses over the past 5 years at a rate of 67.8% per year.

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

Earnings vs Industry: ATI is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: ATI has a negative Return on Equity (-4.59%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ATI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ATI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Altai Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ATI's short term assets (CA$3.8M) exceeds its short term liabilities (CA$20.7K)

Long Term Liabilities: ATI's short term assets (3.8M) exceeds its long term liabilities (266.7K)


Debt to Equity History and Analysis

Debt Level: ATI is debt free.

Reducing Debt: ATI has not had any debt for past 5 years.


Balance Sheet

Inventory Level: ATI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATI'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: ATI has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ATI has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -95.2% each year


Next Steps

Dividend

What is Altai Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of Altai Resources's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average board tenure


CEO

Niyazi Kacira 0

7.4yrs

Tenure

CA$13,000

Compensation

Dr. Niyazi Kacira, Ph.D., P.Eng., MBA, FGAC, has been President at Altai Resources Inc. since May 23, 2012. Dr. Kacira served as Chief Executive Officer and President of Altai Resources Inc. and also serve ...


Board Age and Tenure

6.3yrs

Average Tenure

Experienced Board: ATI's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

Insider Buying: ATI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$1,10028 Sep 19
Maria Au
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares20,000
Max PriceCA$0.055
BuyCA$1,30012 Jul 19
Maria Au
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares20,000
Max PriceCA$0.065
BuyCA$32510 Jul 19
Maria Au
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares5,000
Max PriceCA$0.065
BuyCA$77506 Feb 19
Maria Au
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary
Shares8,000
Max PriceCA$0.10

Ownership Breakdown


Management Team

  • Niyazi Kacira

    Chairman & President

    • Tenure: 7.4yrs
    • Compensation: CA$13.00k
  • Maria Au

    CFO, Secretary

    • Tenure: 1.2yrs
    • Compensation: CA$54.00k

Board Members

  • Niyazi Kacira

    Chairman & President

    • Tenure: 7.4yrs
    • Compensation: CA$13.00k
  • Maria Au

    CFO, Secretary

    • Tenure: 1.2yrs
    • Compensation: CA$54.00k
  • Jeff Ackert (61yo)

    Independent Director

    • Tenure: 6.3yrs
  • Raymond Savoie (73yo)

    Director

    • Tenure: 6.3yrs
  • Mehmet Taner

    Independent Director

    • Tenure: 7.3yrs

Company Information

Altai Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altai Resources Inc.
  • Ticker: ATI
  • Exchange: TSXV
  • Founded: 1955
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$3.082m
  • Shares outstanding: 56.03m
  • Website: https://www.altairesources.com

Location

  • Altai Resources Inc.
  • Two Morneau Shepell Centre
  • Suite 900
  • Toronto
  • Ontario
  • M3C 1W3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATITSXV (TSX Venture Exchange)YesCommon SharesCACADApr 1988
ARSE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 1988
1IADB (Deutsche Boerse AG)YesCommon SharesDEEURApr 1988

Biography

Altai Resources Inc. operates as a natural resource exploration and development company in Canada. The company explores for oil and gas, and gold properties. It owns a 100% interest in the Sorel-Trois Rivi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:31
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.