Inter-Rock Minerals
Market Cap
CA$6.3m
Last Updated
2020/07/05 00:33 UTC
Data Sources
Company Financials
Executive Summary
Inter-Rock Minerals Inc., together with its subsidiaries, produces and markets dolomite for the animal feed, glass, roofing, aglime, and automotive industries in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record.
Share Price & News
How has Inter-Rock Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-22.2%
IRO
1.0%
CA Food
2.4%
CA Market
1 Year Return
12.0%
IRO
-15.6%
CA Food
-12.4%
CA Market
Return vs Industry: IRO exceeded the Canadian Food industry which returned -15.5% over the past year.
Return vs Market: IRO exceeded the Canadian Market which returned -12.4% over the past year.
Shareholder returns
| IRO | Industry | Market | |
|---|---|---|---|
| 7 Day | -22.2% | 1.0% | 2.4% |
| 30 Day | -12.5% | -0.3% | -0.9% |
| 90 Day | n/a | 3.6% | 17.3% |
| 1 Year | 12.0%12.0% | -13.8%-15.6% | -9.4%-12.4% |
| 3 Year | n/a | -17.3%-21.8% | 4.2%-5.7% |
| 5 Year | n/a | 21.5%11.4% | 22.1%3.8% |
Price Volatility Vs. Market
How volatile is Inter-Rock Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Is Inter-Rock Minerals's (CVE:IRO) P/E Ratio After Its Share Price Rocketed?3 weeks ago | Simply Wall St
Introducing Inter-Rock Minerals (CVE:IRO), A Stock That Climbed 33% In The Last Year1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Inter-Rock Minerals Inc.'s (CVE:IRO) P/E RatioValuation
Is Inter-Rock Minerals 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: IRO (CA$0.28) is trading below our estimate of fair value (CA$1.67)
Significantly Below Fair Value: IRO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRO is good value based on its PE Ratio (1.9x) compared to the Food industry average (14.2x).
PE vs Market: IRO is good value based on its PE Ratio (1.9x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IRO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IRO is good value based on its PB Ratio (0.7x) compared to the CA Food industry average (1.8x).
Next Steps
Future Growth
How is Inter-Rock Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
22.4%
Forecasted Food, Beverage & Tobacco 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 Inter-Rock Minerals 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
- Examine whether Inter-Rock Minerals is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Inter-Rock Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Food, Beverage & Tobacco industry.
Past Performance
How has Inter-Rock Minerals performed over the past 5 years?
39.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRO has high quality earnings.
Growing Profit Margin: IRO's current net profit margins (5%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: IRO has become profitable over the past 5 years, growing earnings by 39.6% per year.
Accelerating Growth: IRO's earnings growth over the past year (328.2%) exceeds its 5-year average (39.6% per year).
Earnings vs Industry: IRO earnings growth over the past year (328.2%) exceeded the Food industry -8.9%.
Return on Equity
High ROE: Whilst IRO's Return on Equity (39.49%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Inter-Rock Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: IRO's short term assets ($9.3M) exceed its short term liabilities ($5.8M).
Long Term Liabilities: IRO's short term assets ($9.3M) exceed its long term liabilities ($7.9M).
Debt to Equity History and Analysis
Debt Level: IRO's debt to equity ratio (129%) is considered high.
Reducing Debt: IRO's debt to equity ratio has reduced from 838.7% to 129% over the past 5 years.
Debt Coverage: IRO's debt is well covered by operating cash flow (36.5%).
Interest Coverage: IRO's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Inter-Rock Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IRO'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 IRO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IRO'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 IRO'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?
10.9yrs
Average board tenure
CEO
Michael Crombie
no data
Tenure
US$324,091
Compensation
Mr. Michael B. Crombie, Ph.D. serves as Chief Executive Officer and President of Inter-Rock Minerals Inc. Mr. Crombie serves as President at MIN-AD Inc. He has been a Director of Inter-Rock Minerals Inc. s ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD238.77K) is above average for companies of similar size in the Canadian market ($USD173.28K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Secretary | no data | US$6.63k | no data | |
| CEO, President & Director | no data | US$324.09k | 3.27% $205.5k | |
| VP of Operations & Director | 15.5yrs | US$229.25k | 0.056% $3.5k | |
| Independent Director | 5.08yrs | US$5.00k | no data | |
| Independent Director | 6.33yrs | US$5.00k | no data |
10.9yrs
Average Tenure
66yo
Average Age
Experienced Board: IRO's board of directors are seasoned and experienced ( 10.9 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Inter-Rock Minerals Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Inter-Rock Minerals Inc.
- Ticker: IRO
- Exchange: TSXV
- Founded:
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: CA$6.283m
- Shares outstanding: 22.44m
- Website: https://www.interrockminerals.com
Location
- Inter-Rock Minerals Inc.
- 2 Toronto Street
- Suite 500
- Toronto
- Ontario
- M5C 2B6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IRO | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jan 2018 |
| IRCK.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 2018 |
Biography
Inter-Rock Minerals Inc., together with its subsidiaries, produces and markets dolomite for the animal feed, glass, roofing, aglime, and automotive industries in the United States. It also markets and distributes dairy feed nutritional supplements. The company is based in Toronto, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 00:33 |
| End of Day Share Price | 2020/06/30 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.