Loading...

Almonty Industries

TSX:AII
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AII
TSX
CA$143M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Almonty Industries has significant price volatility in the past 3 months.
AII Share Price and Events
7 Day Returns
-8.1%
TSX:AII
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
58%
TSX:AII
-5.9%
CA Metals and Mining
0.7%
CA Market
AII Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Almonty Industries (AII) -8.1% 21.5% 51.9% 58% 154.8% -1.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • AII outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • AII outperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
AII
Industry
5yr Volatility vs Market

Value

 Is Almonty Industries 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 Almonty Industries 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 Almonty Industries.

TSX:AII Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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 TSX:AII
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (36.7%))
1.334
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.334 * 5.96%)
9.9%

Discounted Cash Flow Calculation for TSX:AII using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Almonty Industries 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.

TSX:AII DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.9%)
2019 0.24 Analyst x1 0.22
2020 8.32 Analyst x1 6.89
2021 15.59 Est @ 87.43% 11.75
2022 25.22 Est @ 61.78% 17.29
2023 36.28 Est @ 43.83% 22.63
2024 47.62 Est @ 31.27% 27.03
2025 58.32 Est @ 22.47% 30.12
2026 67.83 Est @ 16.31% 31.88
2027 75.98 Est @ 12% 32.49
2028 82.81 Est @ 8.99% 32.22
Present value of next 10 years cash flows CA$212.49
TSX:AII DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$82.81 × (1 + 1.95%) ÷ (9.9% – 1.95%)
CA$1,061.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,061.46 ÷ (1 + 9.9%)10
CA$412.98
TSX:AII Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$212.49 + CA$412.98
CA$625.47
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$625.47 / 181.44
CA$3.45
TSX:AII Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$3.45
Current discount Discount to share price of CA$0.79
= -1 x (CA$0.79 - CA$3.45) / CA$3.45
77.1%

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

Current Discount
Amount off the current price Almonty Industries is available for.
Intrinsic value
>50%
Share price is CA$0.79 vs Future cash flow value of CA$3.45
Current Discount Checks
For Almonty Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Almonty Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Almonty Industries'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 Almonty Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Almonty Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AII PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSX:AII Share Price ** TSX (2019-03-20) in CAD CA$0.79
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Almonty Industries.

TSX:AII PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AII Share Price ÷ EPS (both in CAD)

= 0.79 ÷ -0.01

-111.19x

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

  • Almonty Industries is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Almonty Industries is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Almonty Industries's expected growth come at a high price?
Raw Data
TSX:AII PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -111.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
51.5%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*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 Almonty Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Almonty Industries's assets?
Raw Data
TSX:AII PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.28
TSX:AII Share Price * TSX (2019-03-20) in CAD CA$0.79
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:AII PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AII Share Price ÷ Book Value per Share (both in CAD)

= 0.79 ÷ 0.28

2.86x

* Primary Listing of Almonty Industries.

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

  • Almonty Industries is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Almonty Industries'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Almonty Industries 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 Almonty Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
51.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Almonty Industries expected to grow at an attractive rate?
  • Almonty Industries's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Almonty Industries's earnings growth is expected to exceed the Canada market average.
  • Almonty Industries's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:AII Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:AII Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 51.5%
TSX:AII Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -14.1%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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
TSX:AII Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AII Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 55 19 3 1
2019-09-30 54 11 7 1
TSX:AII Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 71 15 -1
2018-09-30 65 11 -11
2018-06-30 61 3 9
2018-03-31 50 -1 1
2017-12-31 43 -4 -6
2017-09-30 39 -3 -8
2017-06-30 39 -1 -17
2017-03-31 36 -6 -20
2016-12-31 36 -6 -20
2016-09-30 37 -4 -21
2016-06-30 35 0 -28
2016-03-31 36 3 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Almonty Industries's earnings are expected to grow significantly at over 20% yearly.
  • Almonty Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
TSX:AII 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 1 Analyst Estimates (S&P Global) See Below

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

TSX:AII Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 0.01 0.01 0.01 1.00
2019-09-30 0.04 0.04 0.04 1.00
TSX:AII Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.06
2018-06-30 0.05
2018-03-31 0.01
2017-12-31 -0.04
2017-09-30 -0.07
2017-06-30 -0.16
2017-03-31 -0.18
2016-12-31 -0.20
2016-09-30 -0.22
2016-06-30 -0.33
2016-03-31 -0.35

*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 Almonty Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Almonty Industries'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.
Almonty Industries has a total score of 3/6, 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 Almonty Industries 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 Almonty Industries's growth in the last year to its industry (Metals and Mining).
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.
  • Almonty Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Almonty Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Almonty Industries's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Almonty Industries'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 Almonty Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AII Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 70.82 -1.28 9.18
2018-09-30 65.17 -10.69 9.32
2018-06-30 61.35 8.86 10.57
2018-03-31 49.85 1.42 9.88
2017-12-31 42.73 -5.84 10.62
2017-09-30 39.02 -8.24 10.34
2017-06-30 38.68 -17.29 9.24
2017-03-31 35.99 -19.52 9.29
2016-12-31 36.19 -20.49 8.90
2016-09-30 37.31 -21.18 8.82
2016-06-30 35.25 -28.15 8.05
2016-03-31 35.70 -24.78 6.98
2015-12-31 35.60 -23.51 6.54
2015-09-30 36.14 -19.55 6.34
2015-06-30 36.18 -0.60 5.10
2015-03-31 34.82 0.49 4.65
2014-12-31 32.87 7.47 3.91
2014-09-30 29.61 10.40 3.01
2014-06-30 25.89 10.43 2.87
2014-03-31 22.09 7.44 2.91
2013-12-31 18.77 3.86 2.69
2013-09-30 18.34 2.44 3.01
2013-06-30 19.01 -0.20 3.43
2013-03-31 20.23 1.72 3.34
2012-12-31 20.19 1.90 3.42
2012-09-30 21.65 2.42 3.37
2012-06-30 6.66 -29.34 4.01
2012-03-31 5.80 -1.81 3.24

*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 Almonty Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Almonty Industries used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Almonty Industries 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 Almonty Industries'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 Metals and Mining 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.
Almonty Industries 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 Almonty Industries'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 Almonty Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Almonty Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Almonty Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Almonty Industries'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 not covered by short term assets, assets are 0.4x 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 Almonty Industries Company Filings, last reported 2 months ago.

TSX:AII Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 50.18 52.61 9.46
2018-09-30 40.86 50.33 8.72
2018-06-30 59.46 53.87 7.43
2018-03-31 55.52 55.51 5.84
2017-12-31 46.91 54.03 3.77
2017-09-30 45.63 54.11 4.47
2017-06-30 36.43 57.39 1.32
2017-03-31 25.80 67.23 1.27
2016-12-31 29.16 64.80 2.46
2016-09-30 35.57 60.95 4.22
2016-06-30 42.51 58.61 4.96
2016-03-31 46.72 51.87 3.50
2015-12-31 45.77 48.18 0.12
2015-09-30 49.00 46.23 0.87
2015-06-30 63.71 44.33 4.13
2015-03-31 42.88 31.44 10.06
2014-12-31 46.39 28.55 9.44
2014-09-30 47.06 27.47 14.85
2014-06-30 25.42 11.11 4.15
2014-03-31 27.31 7.85 0.32
2013-12-31 24.42 5.78 0.30
2013-09-30 27.30 6.05 1.08
2013-06-30 22.34 6.50 2.90
2013-03-31 22.77 0.12 0.32
2012-12-31 22.72 0.14 0.26
2012-09-30 21.65 0.15 1.05
2012-06-30 21.14 0.17 0.99
2012-03-31 21.41 0.19 1.02
  • Almonty Industries's level of debt (104.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.7% vs 104.8% 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.

  • Whilst loss making Almonty Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Almonty Industries has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -48.8% per year.
X
Financial health checks
We assess Almonty Industries'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. Almonty Industries has a total score of 2/6, 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 Almonty Industries'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 Almonty Industries dividends.
If you bought CA$2,000 of Almonty Industries 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 Almonty Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Almonty Industries'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
TSX:AII 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 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

TSX:AII Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30

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

  • Unable to perform a dividend volatility check as Almonty Industries has not reported any payouts.
  • Unable to verify if Almonty Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Almonty Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Almonty Industries 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 Almonty Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Almonty Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Almonty Industries 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 Almonty Industries'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
M. Black
COMPENSATION CA$506,475
AGE 47
TENURE AS CEO 7.5 years
CEO Bio

Mr. M. Lewis Black is the Chief Executive Officer, Chairman and President at Almonty Industries Inc. and has been its Director sine September 23, 2011. He serves as the Chairman of Primary Metals Inc. and has been its Director since June 23, 2005. Mr. Black is a Partner of Almonty Partners LLC. He has an experience in the tungsten mining industry. He served as the Chairman and Chief Executive Officer of Primary Metals Inc. from June 2005 to December 2007. Prior to that Mr. Black served as a head of sales and marketing for SC Mining Tungsten Thailand. He is experienced in the sales and marketing of metals including tungsten and directly involves in the evaluation of potential acquisitions for Primary Metals Inc. Mr. Black holds a B.A. (Honours) from Manchester University.

CEO Compensation
  • M.'s compensation has increased whilst company is loss making.
  • M.'s remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Almonty Industries management team in years:

2
Average Tenure
57
Average Age
  • The tenure for the Almonty Industries management team is about average.
Management Team

M. Black

TITLE
Chairman
COMPENSATION
CA$506K
AGE
47
TENURE
7.5 yrs

Mark Gelmon

TITLE
CFO & Director
COMPENSATION
CA$265K
AGE
60
TENURE
2 yrs

Marion McGrath

TITLE
Corporate Secretary
AGE
57
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Almonty Industries board of directors in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Almonty Industries board of directors is about average.
Board of Directors

M. Black

TITLE
Chairman
COMPENSATION
CA$506K
AGE
47

Mark Gelmon

TITLE
CFO & Director
COMPENSATION
CA$265K
AGE
60
TENURE
2 yrs

Mark Trachuk

TITLE
Director
COMPENSATION
CA$105K
AGE
56
TENURE
7.5 yrs

Daniel D'Amato

TITLE
Director
COMPENSATION
CA$322K
AGE
47
TENURE
7.5 yrs

Thomas Gutschlag

TITLE
Director
COMPENSATION
CA$105K
AGE
54
TENURE
3.5 yrs

Michael Costa

TITLE
Independent Director
COMPENSATION
CA$146K
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
16. Oct 18 Buy Kooiker Investment GmbH Company 11. Oct 18 11. Oct 18 10,000 CA$0.73 CA$7,260
11. Oct 18 Buy Daniel D'Amato Individual 11. Oct 18 11. Oct 18 3,900 CA$0.71 CA$2,769
06. Oct 18 Buy Daniel D'Amato Individual 05. Oct 18 05. Oct 18 5,000 CA$0.80 CA$4,000
27. Aug 18 Buy Daniel D'Amato Individual 22. Aug 18 22. Aug 18 15,000 CA$0.80 CA$12,000
11. Jul 18 Buy Daniel D'Amato Individual 06. Jul 18 06. Jul 18 1,750 CA$0.95 CA$1,663
04. Jul 18 Buy Daniel D'Amato Individual 03. Jul 18 03. Jul 18 1,000 CA$0.95 CA$950
30. May 18 Buy Kooiker Investment GmbH Company 24. May 18 28. May 18 95,500 CA$0.56 CA$50,172
28. May 18 Buy Daniel D'Amato Individual 25. May 18 25. May 18 9,500 CA$0.54 CA$5,130
28. Mar 18 Buy Thomas Gutschlag Individual 23. Mar 18 23. Mar 18 100,000 CA$0.50 CA$50,000
X
Management checks
We assess Almonty Industries'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. Almonty Industries 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

Is Almonty Industries's (TSE:AII) Share Price Gain Of 167% Well Earned?

Almonty Industries isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over the last three years Almonty Industries has grown its revenue at 25% annually. … Along the way, the share price gained 39% per year, a solid pop by our standards.

Simply Wall St -

Do Institutions Own Almonty Industries Inc. (TSE:AII) Shares?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Almonty Industries is not a large company by global standards. … Check out our latest analysis for Almonty Industries

Simply Wall St -

Is Almonty Industries Inc (TSE:AII) A Financially Sound Company?

While small-cap stocks, such as Almonty Industries Inc (TSE:AII) with its market cap of CA$151m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

How Did Almonty Industries Inc's (TSE:AII) 15% ROE Fare Against The Industry?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Almonty Industries Inc (TSE:AII). … Over the last twelve months Almonty Industries has recorded a ROE of 15%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Are Almonty Industries Inc's (TSE:AII) Major Shareholders?

In this article, I will take a quick look at Almonty Industries Inc’s (TSE:AII) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine AII's ownership structure in more detail.

Simply Wall St -

Is Almonty Industries Inc's (TSE:AII) CEO Salary Justified?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

How Did Almonty Industries Inc's (TSE:AII) 2.55% ROE Fare Against The Industry?

and want a simplistic look at the return on Almonty Industries Inc (TSE:AII) stock. … Almonty Industries Inc’s (TSE:AII) most recent return on equity was a substandard 2.55% relative to its industry performance of 11.07% over the past year. … Knowing these components could change your view on AII’s performance.

Simply Wall St -

Is Almonty Industries Inc's (TSE:AII) Growth Strong Enough To Justify Its June Share Price?

Looking at Almonty Industries Inc’s (TSE:AII) fundamentals some investors are wondering if its last closing price of CA$0.73 represents a good value for money for this high growth stock. … View out our latest analysis for Almonty Industries? … Almonty Industries's growth potential is very attractive

Simply Wall St -

Company Info

Description

Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. The company owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; and the Sangdong tungsten mine situated in Gangwon Province, Republic of Korea; and the Valtre Valtreixal tin and tungsten project located in Zamora province, Western Spain. Almonty Industries Inc. is headquartered in Toronto, Canada.

Details
Name: Almonty Industries Inc.
AII
Exchange: TSX
Founded:
CA$143,339,095
181,441,893
Website: http://www.almonty.com
Address: Almonty Industries Inc.
100 King Street West,
Suite 5700,
Toronto,
Ontario, M5X 1C7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AII Common Shares The Toronto Stock Exchange CA CAD 25. Sep 2011
OTCPK ALMT.F Common Shares Pink Sheets LLC US USD 25. Sep 2011
DB 1MR Common Shares Deutsche Boerse AG DE EUR 25. Sep 2011
Number of employees
Current staff
Staff numbers
319
Almonty Industries employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:31
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.