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Tango Mining

TSXV:TGV
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGV
TSXV
CA$3M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Tango Mining Limited operates as a Canadian diversified junior mining company. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Tango Mining has significant price volatility in the past 3 months.
TGV Share Price and Events
7 Day Returns
0%
TSXV:TGV
-3.5%
CA Oil and Gas
-1.7%
CA Market
1 Year Returns
-60%
TSXV:TGV
-11.3%
CA Oil and Gas
-2.4%
CA Market
TGV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tango Mining (TGV) 0% -33.3% -33.3% -60% -60% -75%
CA Oil and Gas -3.5% -7.9% -2.6% -11.3% -11.4% -36.3%
CA Market -1.7% -3.5% -0.2% -2.4% 10.4% 3.7%
1 Year Return vs Industry and Market
  • TGV underperformed the Oil and Gas industry which returned -11.3% over the past year.
  • TGV underperformed the Market in Canada which returned -2.4% over the past year.
Price Volatility
TGV
Industry
5yr Volatility vs Market

Value

 Is Tango Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tango Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tango Mining.

TSXV:TGV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:TGV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.955 (1 + (1- 26.5%) (54.81%))
1.228
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.228 * 5.96%)
9.26%

Discounted Cash Flow Calculation for TSXV:TGV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tango Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:TGV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.26%)
2019 0.59 Est @ 55.59% 0.54
2020 0.83 Est @ 39.5% 0.69
2021 1.06 Est @ 28.23% 0.81
2022 1.28 Est @ 20.35% 0.90
2023 1.47 Est @ 14.83% 0.94
2024 1.63 Est @ 10.96% 0.96
2025 1.76 Est @ 8.26% 0.95
2026 1.87 Est @ 6.36% 0.92
2027 1.97 Est @ 5.04% 0.89
2028 2.05 Est @ 4.11% 0.84
Present value of next 10 years cash flows CA$8.45
TSXV:TGV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$2.05 × (1 + 1.95%) ÷ (9.26% – 1.95%)
CA$28.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$28.55 ÷ (1 + 9.26%)10
CA$11.77
TSXV:TGV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$8.45 + CA$11.77
CA$20.22
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$20.22 / 250.27
CA$0.08
TSXV:TGV Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.08
Current discount Discount to share price of CA$0.01
= -1 x (CA$0.01 - CA$0.08) / CA$0.08
87.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tango Mining is available for.
Intrinsic value
>50%
Share price is CA$0.01 vs Future cash flow value of CA$0.08078
Current Discount Checks
For Tango Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tango Mining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tango Mining's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tango Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tango Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:TGV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CAD CA$0.00
TSXV:TGV Share Price ** TSXV (2019-05-16) in CAD CA$0.01
Canada Oil and Gas Industry PE Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 13.87x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tango Mining.

TSXV:TGV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:TGV Share Price ÷ EPS (both in CAD)

= 0.01 ÷ 0.00

-2.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tango Mining is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Tango Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Tango Mining's expected growth come at a high price?
Raw Data
TSXV:TGV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies 0.91x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tango Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tango Mining's assets?
Raw Data
TSXV:TGV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CAD CA$0.00
TSXV:TGV Share Price * TSXV (2019-05-16) in CAD CA$0.01
Canada Oil and Gas Industry PB Ratio Median Figure of 225 Publicly-Listed Oil and Gas Companies 0.83x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.41x
TSXV:TGV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:TGV Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ 0.00

53.19x

* Primary Listing of Tango Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tango Mining is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Tango Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Tango Mining has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tango Mining expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Tango Mining 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tango Mining expected to grow at an attractive rate?
  • Unable to compare Tango Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tango Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Tango Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:TGV Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:TGV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:TGV Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-02-28 13 1 -1
2018-11-30 13 0 -1
2018-08-31 13 -1 -1
2018-05-31 13 -1 -2
2018-02-28 13 -1 -2
2017-11-30 13 -1 -2
2017-08-31 13 -1 -2
2017-05-31 13 -1 -3
2017-02-28 13 -1 -3
2016-11-30 13 -1 -3
2016-08-31 13 -1 -3
2016-05-31 13 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tango Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Tango Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:TGV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tango Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TGV Past Financials Data
Date (Data in CAD Millions) EPS *
2019-02-28 0.00
2018-11-30 0.00
2018-08-31 0.00
2018-05-31 -0.01
2018-02-28 -0.01
2017-11-30 -0.01
2017-08-31 -0.01
2017-05-31 -0.02
2017-02-28 -0.02
2016-11-30 -0.02
2016-08-31 -0.02
2016-05-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tango Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TGV’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Tango Mining's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Tango Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tango Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tango Mining has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tango Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tango Mining's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tango Mining does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tango Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tango Mining's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Tango Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tango Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TGV Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 13.18 -1.10 10.07
2018-11-30 13.17 -0.75 10.09
2018-08-31 13.09 -1.11 10.15
2018-05-31 12.95 -2.08 10.60
2018-02-28 12.56 -1.97 10.14
2017-11-30 12.96 -2.06 10.31
2017-08-31 13.25 -1.64 10.46
2017-05-31 13.33 -2.60 9.70
2017-02-28 13.18 -2.52 9.34
2016-11-30 12.77 -3.11 9.18
2016-08-31 12.98 -3.26 9.01
2016-05-31 13.23 -1.83 10.26
2016-02-29 13.70 -2.75 12.45
2015-11-30 13.93 -2.13 12.01
2015-08-31 13.83 -2.25 11.93
2015-05-31 10.29 -1.87 8.91
2015-02-28 6.84 -1.06 5.04
2014-11-30 3.38 -1.09 2.97
2014-08-31 -1.36 1.25
2014-05-31 -2.08 1.79
2014-02-28 -2.40 2.21
2013-11-30 -2.43 2.33
2013-08-31 -2.66 2.37
2013-05-31 -2.24 1.95
2013-02-28 -2.92 2.40
2012-11-30 -3.43 2.98
2012-08-31 -3.53 3.15
2012-05-31 -3.59 3.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tango Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tango Mining has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tango Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tango Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tango Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tango Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tango Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tango Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tango Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tango Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tango Mining Company Filings, last reported 2 months ago.

TSXV:TGV Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 0.08 1.37 1.18
2018-11-30 0.17 1.53 1.26
2018-08-31 -0.08 0.86 0.67
2018-05-31 -0.02 0.24 0.75
2018-02-28 0.19 0.66 0.98
2017-11-30 -0.57 0.79 1.14
2017-08-31 -0.87 0.77 0.64
2017-05-31 -0.33 0.80 0.70
2017-02-28 -0.56 0.85 0.64
2016-11-30 -1.17 1.25 0.69
2016-08-31 -1.11 1.20 0.97
2016-05-31 -0.39 1.27 0.55
2016-02-29 -0.35 1.26 0.58
2015-11-30 0.94 1.27 0.73
2015-08-31 1.00 1.18 0.83
2015-05-31 2.70 0.92 0.81
2015-02-28 3.05 1.33 0.93
2014-11-30 1.27 0.03 1.14
2014-08-31 0.76 0.03 0.92
2014-05-31 0.96 0.03 1.07
2014-02-28 1.25 0.03 1.36
2013-11-30 1.48 0.05 1.65
2013-08-31 1.09 0.16 1.47
2013-05-31 1.29 0.53 1.98
2013-02-28 -0.89 0.53 0.04
2012-11-30 -0.68 0.53 0.08
2012-08-31 -0.18 0.08 0.14
2012-05-31 0.29 0.00 0.48
  • Tango Mining's level of debt (1627.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2% vs 1627.1% today).
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.

  • Tango Mining has sufficient cash runway for more than 3 years based on current free cash flow.
  • Tango Mining has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -10.5% each year.
X
Financial health checks
We assess Tango Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tango Mining has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tango Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tango Mining dividends.
If you bought CA$2,000 of Tango Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tango Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tango Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:TGV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tango Mining has not reported any payouts.
  • Unable to verify if Tango Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tango Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tango Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tango Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tango Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tango Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Samer Khalaf
COMPENSATION CA$174,300
TENURE AS CEO 1.8 years
CEO Bio

Mr. Samer Khalaf has been Chief Executive Officer of Tango Mining Limited since July 04, 2017. Mr. Khalaf serves as the Managing Director of Ketina Minerals DMCC. He serves as the Director for Africa and Middle East at GPB Global Resources. He has over 25 years of investment banking experience in the Middle East, Africa and Europe. He has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. He has been a Director of Tango Mining Limited since April 3, 2017. He has also completed the executive program for energy at Harvard Business School. Mr. Khalaf holds an Economics Degree from Syracuse University and an MBA in Finance from Columbia Business School.

CEO Compensation
  • Samer's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Samer's remuneration is about average for companies of similar size in Canada.
Management Team

Terry Tucker

TITLE
Executive Chairman of the Board
COMPENSATION
CA$209K
AGE
52

Samer Khalaf

TITLE
CEO & Director
COMPENSATION
CA$174K
TENURE
1.8 yrs

Simon van Der Loo

TITLE
Chief Financial Officer
COMPENSATION
CA$120K
TENURE
2.8 yrs

Donna Moroney

TITLE
Corporate Secretary & Director
COMPENSATION
CA$36K
AGE
58

Dan McIntyre

TITLE
Manager of Investor Relations

Bob Suda

TITLE
Vice President of Exploration
AGE
66
Board of Directors Tenure

Average tenure of the Tango Mining board of directors in years:

2.1
Average Tenure
  • The average tenure for the Tango Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Terry Tucker

TITLE
Executive Chairman of the Board
COMPENSATION
CA$209K
AGE
52
TENURE
4.6 yrs

Samer Khalaf

TITLE
CEO & Director
COMPENSATION
CA$174K
TENURE
2.1 yrs

Donna Moroney

TITLE
Corporate Secretary & Director
COMPENSATION
CA$36K
AGE
58
TENURE
2 yrs

Kevin Gallagher

TITLE
Director
COMPENSATION
CA$251K
TENURE
4.6 yrs

Neil Budd

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Tango Mining insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Mar 19 Sell Terry Tucker Individual 27. Mar 19 27. Mar 19 -1,000,000 CA$0.02 CA$-15,000
13. Feb 19 Sell Terry Tucker Individual 12. Feb 19 12. Feb 19 -269,000 CA$0.02 CA$-4,035
11. Feb 19 Sell Terry Tucker Individual 08. Feb 19 08. Feb 19 -1,660,140 CA$0.01 CA$-24,901
04. Feb 19 Sell Terry Tucker Individual 01. Feb 19 04. Feb 19 -5,386,000 CA$0.02 CA$-80,971
21. Sep 18 Sell Terry Tucker Individual 18. Sep 18 18. Sep 18 -2,000,000 CA$0.02 CA$-39,999
X
Management checks
We assess Tango Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tango Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Does Investing In Tango Mining Limited (CVE:TGV) Impact The Volatility Of Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Much Are Tango Mining Limited (CVE:TGV) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Tango Mining Limited (CVE:TGV). … Tango Mining Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Tango Mining insiders

Simply Wall St -

Who Are The Major Shareholders In Tango Mining Limited (CVE:TGV)?

I am going to take a deep dive into Tango Mining Limited’s (CVE:TGV) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Interested In Energy? Why Tango Mining Limited (TSXV:TGV) May Be The Entry Point

Over the past year, the industry saw negative growth of -0.30%, underperforming the Canadian market growth of 8.26%. … TSXV:TGV PE PEG Gauge Nov 11th 17 The oil and gas industry is trading at a PE ratio of 23x, above the broader Canadian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of TGV, there are other oil and gas companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

What's The Cash Runway For Tango Mining Limited (TSXV:TGV)?

Companies with high cash burn rates can eventually turn into ashes, which makes it the biggest risk an investor in loss-making companies face. … My cash burn analysis suggests that, if TGV continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the upcoming months, which may be a surprise to some shareholders. … Now you know that if TGV were to continue to grow its opex at a double-digit rate, it will not be able to sustain its operations given the current level of cash reserves.

Simply Wall St -

Company Info

Description

Tango Mining Limited operates as a Canadian diversified junior mining company. It holds three thermal coal, metallurgical and processing plant, and engineering contracts in the Ogies and Highveld coalfields, Mpumalanga province and Kliprivier coalfield, KwaZulu-Natal province in South Africa. The company also holds interests in the Oena Diamond Mine, an alluvial diamond property, which is located in Northern Cape Province in South Africa; the Middlepits Project, which includes two prospecting licenses, such as PL101 and PL58 and is located in the Kgalagadi District, the Republic of Botswana; the Mano River Project that consists of one 104.3 square kilometer diamond mineral exploration license located in the western part of Republic of Liberia; and the Moquita Project is located in the Province of Lunda Norte, the Republic of Angola. In addition, it acquires, explores for, and develops mineral properties. The company was formerly known as Tango Gold Mines Incorporated and changed its name to Tango Mining Limited in November 2014. Tango Mining Limited was incorporated in 2007 and is based in Vancouver, Canada.

Details
Name: Tango Mining Limited
TGV
Exchange: TSXV
Founded: 2007
CA$2,502,716
250,271,679
Website: http://www.tangomining.com
Address: Tango Mining Limited
5626 Larch Street,
Suite 202,
Vancouver,
British Columbia, V6M 4E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TGV Common Shares TSX Venture Exchange CA CAD 12. May 2011
OTCPK FDGM.F Common Shares Pink Sheets LLC US USD 12. May 2011
Number of employees
Current staff
Staff numbers
0
Tango Mining employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:25
End of day share price update: 2019/05/16 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.