TSXV:SYH

Stock Analysis Report

Skyharbour Resources

Executive Summary

Skyharbour Resources Ltd., a uranium and thorium exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Saskatchewan, Canada.

Risk Analysis

Earnings have declined by -3.46% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$13M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SYH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SYH

1.1%

CA Oil and Gas

0.7%

CA Market


1 Year Return

-52.1%

SYH

0.09%

CA Oil and Gas

5.4%

CA Market

Return vs Industry: SYH underperformed the Canadian Oil and Gas industry which returned 0.1% over the past year.

Return vs Market: SYH underperformed the Canadian Market which returned 5.4% over the past year.


Shareholder returns

SYHIndustryMarket
7 Day0%1.1%0.7%
30 Day6.3%-1.0%1.1%
90 Day0%4.9%4.4%
1 Year-52.1%-52.1%4.5%0.09%8.7%5.4%
3 Year-69.6%-69.6%-5.1%-15.2%16.8%6.2%
5 Year-22.7%-22.7%-6.7%-21.5%34.7%15.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SYH is overvalued based on its PB Ratio (1.1x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

-0.3%

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 Skyharbour 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 Skyharbour Resources performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYH is currently unprofitable.

Growing Profit Margin: SYH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SYH is unprofitable, and losses have increased over the past 5 years at a rate of -3.5% per year.

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

Earnings vs Industry: SYH is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (6%).


Return on Equity

High ROE: SYH has a negative Return on Equity (-11.18%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Skyharbour Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SYH's short term assets (CA$524.5K) exceed its short term liabilities (CA$94.1K).

Long Term Liabilities: SYH has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SYH is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if SYH'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: SYH has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SYH has less than a year of cash runway if free cash flow continues to reduce at historical rates of -22.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if SYH'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 SYH'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?

5.9yrs

Average board tenure


CEO

Jordan Trimble (31yo)

6.7yrs

Tenure

CA$159,000

Compensation

Mr. Jordan P. Trimble, B.Sc., CFA, serves as President and Promoter at Rockridge Resources Ltd. and has been Director since November 10, 2015. He served as Chief Executive Officer at Rockridge Resources Lt ...


CEO Compensation Analysis

Compensation vs Market: Jordan's total compensation ($USD120.23K) is about average for companies of similar size in the Canadian market ($USD155.02K).

Compensation vs Earnings: Jordan's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
James Pettit
Chairman & CFO0yrsCA$48.00k0.32% CA$40.5k
Jordan Trimble
President6.7yrsCA$159.00k1.76% CA$226.0k
Richard Kusmirski
Director6.9yrsCA$131.00k0.80% CA$102.0k
Paul Matysek
Member of Advisory Board3.6yrsno datano data
Donald Huston
Independent Director18.2yrsCA$24.00k0.18% CA$22.5k
Thomas Drolet
Technical Advisor5.9yrsno datano data
Amanda Chow
Independent Director14.3yrsCA$12.00kno data
David Cates
Independent Director3.5yrsCA$4.73k0.32% CA$41.0k
Tamas Bakacs
Member of Advisory Board4.9yrsno datano data
Andreas Norlin
Member of Advisory Board3.9yrsno datano data

5.9yrs

Average Tenure

61yo

Average Age

Experienced Board: SYH's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.


Top Shareholders

Company Information

Skyharbour Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Skyharbour Resources Ltd.
  • Ticker: SYH
  • Exchange: TSXV
  • Founded: 1970
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: CA$12.811m
  • Shares outstanding: 75.36m
  • Website: https://www.skyharbourltd.com

Location

  • Skyharbour Resources Ltd.
  • 777 Dunsmuir Street
  • Suite 1610
  • Vancouver
  • British Columbia
  • V7Y 1K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A2AJ7JDB (Deutsche Boerse AG)NPV(POST REV SPLIT)DECADNo data
SYHTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 1990
SYHB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1990
SC1PDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1990

Biography

Skyharbour Resources Ltd., a uranium and thorium exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Saskatchewan, Canada. Its flagship project is the Moore Uranium project covering 35,705 hectare, located on the eastern portion of the Athabasca Basin. The company was formerly known as Skyharbour Developments, Ltd. and changed its name to Skyharbour Resources Ltd. in October 2002. Skyharbour Resources Ltd. was incorporated in 1970 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 00:18
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.