CNSX:ETR

Stock Analysis Report

Etruscus Resources

Executive Summary

Etruscus Resources Corp., a junior exploration company, engages in the exploration and development of natural resource properties.

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$4M)

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

Less than 3 years of financial data is available



Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-12.0%

ETR

1.2%

CA Metals and Mining

-1.4%

CA Market


1 Year Return

n/a

ETR

24.3%

CA Metals and Mining

8.6%

CA Market

Return vs Industry: Insufficient data to determine how ETR performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how ETR performed against the Canadian Market.


Shareholder returns

ETRIndustryMarket
7 Day-12.0%1.2%-1.4%
30 Day-26.7%1.4%0.4%
90 Day-37.1%-2.4%0.9%
1 Yearn/a25.4%24.3%12.2%8.6%
3 Yearn/a5.0%3.0%14.9%4.6%
5 Yearn/a33.1%28.9%38.2%17.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ETR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price to Book Ratio

PB vs Industry: ETR is overvalued based on its PB Ratio (3x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

19.2%

Forecasted Materials 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 Etruscus 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 Etruscus Resources performed over the past 5 years?

-216.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ETR is currently unprofitable.

Growing Profit Margin: ETR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if ETR's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: ETR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.9%).


Return on Equity

High ROE: ETR has a negative Return on Equity (-52.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Etruscus Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ETR's short term assets (CA$419.4K) do not cover its short term liabilities (CA$556.5K).

Long Term Liabilities: ETR's short term assets (CA$419.4K) exceed its long term liabilities (CA$33.2K).


Debt to Equity History and Analysis

Debt Level: ETR is debt free.

Reducing Debt: ETR had no debt 5 years ago.


Balance Sheet

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

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

Forecast Cash Runway: ETR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -114.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ETR'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 ETR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ETR'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 ETR'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 Etruscus Resources's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Gordon Lam (43yo)

1.9yrs

Tenure

CA$67,500

Compensation

Mr. Gordon Lam serves as Chief Executive Officer of Etruscus Resources Corp. since January 1, 2018 and serves as its President and Director. Mr. Lam has been CEO and owner of Hatch 8 Capital since October  ...


CEO Compensation Analysis

Compensation vs Market: Gordon's total compensation ($USD51.06K) is below average for companies of similar size in the Canadian market ($USD136.16K).

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


Management Age and Tenure

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: ETR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

0.9yrs

Average Tenure

49yo

Average Age

Experienced Board: ETR's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

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: ETR only recently listed within the past 12 months, with total shares outstanding growing by 71.2% in the past year..


Management Team

  • Fiore Aliperti (55yo)

    Executive Chairman

    • Tenure: 1.9yrs
    • Compensation: CA$30.00k
  • Jon Lever (57yo)

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: CA$30.00k
  • Sameen Oates (37yo)

    Corporate Secretary

    • Tenure: 1.8yrs
    • Compensation: CA$30.00k
  • Peter Oates

    Manager of Corporate Communications & Business Development

    • Tenure: 0yrs
  • Dave Webb (61yo)

    Vice President of Exploration

    • Tenure: 0.9yrs
    • Compensation: CA$8.00k
  • Gordon Lam (43yo)

    President

    • Tenure: 1.9yrs
    • Compensation: CA$67.50k

Board Members

  • Fiore Aliperti (55yo)

    Executive Chairman

    • Tenure: 1.9yrs
    • Compensation: CA$30.00k
  • Michael Sikich (50yo)

    Independent Director

    • Tenure: 0yrs
  • Jason Leikam (48yo)

    Independent Director

    • Tenure: 0yrs
  • Gordon Lam (43yo)

    President

    • Tenure: 1.9yrs
    • Compensation: CA$67.50k
  • Lindsay Bottomer

    Advisory Board Member

    • Tenure: 0.9yrs
  • Dave Dupre

    Advisory Board Member

    • Tenure: 0.9yrs
  • Murray Jones

    Advisory Board Member

    • Tenure: 0.8yrs

Company Information

Etruscus Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Etruscus Resources Corp.
  • Ticker: ETR
  • Exchange: CNSX
  • Founded: 2017
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$4.461m
  • Shares outstanding: 19.39m
  • Website: https://www.etruscusresources.com

Location

  • Etruscus Resources Corp.
  • 400 Burrard Street
  • Suite 1780
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETRCNSX (Canadian National Stock Exchange)YesCommon SharesCACADJan 2019

Biography

Etruscus Resources Corp., a junior exploration company, engages in the exploration and development of natural resource properties. The company explores for gold and copper deposits. It focuses on developin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 00:50
End of Day Share Price2019/12/05 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.