TSX:ALS

Stock Analysis Report

Executive Summary

Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil.

Rewards

Trading at 13.5% below its fair value

Earnings are forecast to grow 26.39% per year

Risk Analysis

No risks detected for ALS from our risk checks.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.

Share Price & News

How has Altius Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

3.7%

ALS

0.2%

CA Metals and Mining

-0.4%

CA Market


1 Year Return

-10.9%

ALS

22.8%

CA Metals and Mining

10.5%

CA Market

Return vs Industry: ALS underperformed the Canadian Metals and Mining industry which returned 22.8% over the past year.

Return vs Market: ALS underperformed the Canadian Market which returned 10.5% over the past year.


Shareholder returns

ALSIndustryMarket
7 Day3.7%0.2%-0.4%
30 Day4.3%1.3%0.8%
90 Day3.0%-3.3%1.7%
1 Year-9.5%-10.9%23.8%22.8%14.1%10.5%
3 Year-8.9%-12.6%6.7%4.7%16.1%5.6%
5 Year18.0%11.2%34.6%30.4%41.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Altius Minerals undervalued compared to its fair value and its price relative to the market?

13.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALS (CA$11.48) is trading below our estimate of fair value (CA$13.27)

Significantly Below Fair Value: ALS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ALS is overvalued based on its PB Ratio (1.5x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Altius Minerals forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: ALS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ALS's is expected to become profitable in the next 3 years.

Revenue vs Market: ALS's revenue is expected to decline over the next 3 years (-2.1% per year).

High Growth Revenue: ALS's revenue is forecast to decline over the next 3 years (-2.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ALS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Altius Minerals performed over the past 5 years?

24.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALS is currently unprofitable.

Growing Profit Margin: ALS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ALS is unprofitable, but has reduced losses over the past 5 years at a rate of 24.6% per year.

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

Earnings vs Industry: ALS 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: ALS has a negative Return on Equity (-0.76%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Altius Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: ALS's short term assets (CA$46.8M) exceed its short term liabilities (CA$26.6M).

Long Term Liabilities: ALS's short term assets (CA$46.8M) do not cover its long term liabilities (CA$146.3M).


Debt to Equity History and Analysis

Debt Level: ALS's debt to equity ratio (28.5%) is considered satisfactory.

Reducing Debt: ALS's debt to equity ratio has reduced from 41.6% to 28.5% over the past 5 years.


Balance Sheet

Inventory Level: ALS has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALS's debt is not covered by short term assets (assets are 0.4x debt).


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: Whilst unprofitable ALS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ALS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 96.1% per year.


Next Steps

Dividend

What is Altius Minerals's current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ALS's dividend (1.74%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.02%).

High Dividend: ALS's dividend (1.74%) is low compared to the top 25% of dividend payers in the Canadian market (5.68%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ALS has been paying a dividend for less than 10 years.

Growing Dividend: ALS's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: ALS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

15.0yrs

Average management tenure


CEO

Brian Dalton (46yo)

22.5yrs

Tenure

CA$1,408,087

Compensation

Mr. Brian Francis Dalton co-founded Altius Minerals Corp. in 1997 and has been its Chief Executive Officer and President since June 1997. Mr. Dalton is an entrepreneur in the mining industry and built a su ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD1.07M) is about average for companies of similar size in the Canadian market ($USD1.07M).

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


Management Age and Tenure

15.0yrs

Average Tenure

48.5yo

Average Age

Experienced Management: ALS's management team is seasoned and experienced (15 years average tenure).


Board Age and Tenure

11.1yrs

Average Tenure

57yo

Average Age

Experienced Board: ALS's board of directors are seasoned and experienced ( 11.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$21,00001 Nov 19
9227-7094 Quebec Inc.
EntityCompany
Shares2,000
Max PriceCA$10.50
BuyCA$21,40010 Oct 19
André Gaumond
EntityIndividual
Shares2,000
Max PriceCA$10.70
BuyCA$29,12009 Sep 19
Ben Lewis
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares2,600
Max PriceCA$11.20
BuyCA$22,10003 Sep 19
André Gaumond
EntityIndividual
Shares2,000
Max PriceCA$11.05
BuyCA$33,54019 Aug 19
André Gaumond
EntityIndividual
Shares3,000
Max PriceCA$11.20
BuyCA$30,21622 May 19
James Ronald Strauss
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,400
Max PriceCA$12.59
BuyCA$17,07712 Apr 19
Chad Wells
EntityIndividual
Role
Head of Corporate Development
VP of Business Development & Corporate Secretary
Shares1,350
Max PriceCA$12.65
BuyCA$32,11711 Apr 19
Stephen Winter
EntityIndividual
Role
Other Key Executive
Vice President of Exploration
Shares2,550
Max PriceCA$12.70
BuyCA$6,40526 Mar 19
Ben Lewis
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares500
Max PriceCA$12.81
BuyCA$41,85304 Mar 19
Brian Dalton
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares3,500
Max PriceCA$11.96
BuyCA$33,04021 Feb 19
Ben Lewis
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares2,800
Max PriceCA$11.80
BuyCA$6,62007 Jan 19
Ben Lewis
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares600
Max PriceCA$11.03
BuyCA$4,86926 Dec 18
Stephen Winter
EntityIndividual
Role
Other Key Executive
Vice President of Exploration
Shares450
Max PriceCA$10.82
BuyCA$21,06825 Dec 18
9227-7094 Quebec Inc.
EntityCompany
Shares2,000
Max PriceCA$10.53
BuyCA$234,79325 Dec 18
André Gaumond
EntityIndividual
Shares22,400
Max PriceCA$10.68
BuyCA$25,23421 Dec 18
Frederick Mifflin
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares2,296
Max PriceCA$11.24
BuyCA$19,72121 Dec 18
Chad Wells
EntityIndividual
Role
Head of Corporate Development
VP of Business Development & Corporate Secretary
Shares1,850
Max PriceCA$10.66

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Brian Dalton (46yo)

    Co-Founder

    • Tenure: 22.5yrs
    • Compensation: CA$1.41m
  • John Baker (65yo)

    Co-Founder & Executive Chairman

    • Tenure: 13.1yrs
    • Compensation: CA$910.98k
  • Chad Wells (46yo)

    VP of Business Development & Corporate Secretary

    • Tenure: 16.8yrs
    • Compensation: CA$549.43k
  • Wanda Hearn-Dyke

    Executive Assistant

    • Tenure: 0yrs
  • Flora Wood

    Director of Investor Relations

    • Tenure: 0yrs
  • Stephen Winter

    Vice President of Exploration

    • Tenure: 13.2yrs
    • Compensation: CA$549.43k
  • Ben Lewis (51yo)

    Chief Financial Officer

    • Tenure: 13.2yrs
    • Compensation: CA$683.69k
  • Ben Lewis

    Controller

    • Tenure: 0yrs
  • Peter Butt

    Assistant Controller

    • Tenure: 2.3yrs

Board Members

  • Brian Dalton (46yo)

    Co-Founder

    • Tenure: 22.5yrs
    • Compensation: CA$1.41m
  • John Baker (65yo)

    Co-Founder & Executive Chairman

    • Tenure: 13.1yrs
    • Compensation: CA$910.98k
  • Anna Stylianides (54yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: CA$133.89k
  • Don Warr (74yo)

    Independent Director

    • Tenure: 13.1yrs
    • Compensation: CA$139.35k
  • Mike Walter

    Member of Advisory Board

    • Tenure: 0yrs
  • David Strong

    Member of Advisory Board

    • Tenure: 0yrs
  • Jean-Pierre Lefebvre

    Member of Advisory Board

    • Tenure: 0yrs
  • Dan Hansen

    Member of Advisory Board

    • Tenure: 0yrs
  • Fred Mifflin (60yo)

    Lead Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$177.85k
  • Jamie Ronald Strauss (49yo)

    Independent Director

    • Tenure: 9.2yrs
    • Compensation: CA$148.37k

Company Information

Altius Minerals Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altius Minerals Corporation
  • Ticker: ALS
  • Exchange: TSX
  • Founded: 1997
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$478.865m
  • Shares outstanding: 42.64m
  • Website: https://altiusminerals.com

Number of Employees


Location

  • Altius Minerals Corporation
  • Kenmount Business Center
  • Suite 202
  • St. John's
  • Newfoundland and Labrador
  • A1B 3V7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALSTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 1997
VTMDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1997
ATUS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1997
0UHCLSE (London Stock Exchange)YesCommon SharesGBCADOct 1997

Biography

Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The company owns royalty and streaming interests in 15 operatin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 23:31
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.