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Altius Minerals

TSX:ALS
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALS
TSX
CA$543M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The last earnings update was 72 days ago. More info.


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ALS Share Price and Events
7 Day Returns
3%
TSX:ALS
3.3%
CA Metals and Mining
-0.4%
CA Market
1 Year Returns
-2.5%
TSX:ALS
3.7%
CA Metals and Mining
-2.8%
CA Market
ALS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altius Minerals (ALS) 3% 5.2% -3.4% -2.5% 23.7% -11.3%
CA Metals and Mining 3.3% 9.1% 11.5% 3.7% -14.6% -16.2%
CA Market -0.4% 0.3% -2.4% -2.8% 7.7% 0.1%
1 Year Return vs Industry and Market
  • ALS underperformed the Metals and Mining industry which returned 3.7% over the past year.
  • ALS matched the Canada Market (-2.8%) over the past year.
Price Volatility
ALS
Industry
5yr Volatility vs Market

ALS Value

 Is Altius Minerals 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 Altius Minerals 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 Altius Minerals.

TSX:ALS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
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:ALS
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 26.5%) (24.73%))
1.166
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.166 * 5.96%)
8.9%

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

The calculations below outline how an intrinsic value for Altius Minerals 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:ALS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.9%)
2020 37.05 Analyst x4 34.02
2021 31.50 Analyst x2 26.56
2022 41.40 Analyst x1 32.06
2023 42.80 Analyst x1 30.43
2024 44.05 Est @ 2.91% 28.76
2025 45.20 Est @ 2.62% 27.11
2026 46.30 Est @ 2.42% 25.49
2027 47.35 Est @ 2.28% 23.94
2028 48.38 Est @ 2.18% 22.47
2029 49.40 Est @ 2.11% 21.07
Present value of next 10 years cash flows CA$271.91
TSX:ALS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$49.40 × (1 + 1.95%) ÷ (8.9% – 1.95%)
CA$724.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$724.62 ÷ (1 + 8.9%)10
CA$308.98
TSX:ALS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$271.91 + CA$308.98
CA$580.89
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$580.89 / 42.80
CA$13.57
TSX:ALS Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$13.57
Current discount Discount to share price of CA$12.69
= -1 x (CA$12.69 - CA$13.57) / CA$13.57
6.5%

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

Current Discount
Amount off the current price Altius Minerals is available for.
Intrinsic value
7%
Share price is CA$12.69 vs Future cash flow value of CA$13.57
Current Discount Checks
For Altius Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altius Minerals's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Altius Minerals's share price is below the future cash flow value, but not 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 Altius Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altius Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ALS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.12
TSX:ALS Share Price ** TSX (2019-07-18) in CAD CA$12.69
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.14x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.04x

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

** Primary Listing of Altius Minerals.

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

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

= 12.69 ÷ 0.12

109.66x

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

  • Altius Minerals is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Altius Minerals is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Altius Minerals's expected growth come at a high price?
Raw Data
TSX:ALS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 109.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.6%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.88x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

TSX:ALS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 109.66x ÷ 12.6%

8.68x

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

  • Altius Minerals is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Altius Minerals's assets?
Raw Data
TSX:ALS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$8.02
TSX:ALS Share Price * TSX (2019-07-18) in CAD CA$12.69
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.4x
Canada Market PB Ratio Median Figure of 2,441 Publicly-Listed Companies 1.44x
TSX:ALS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.69 ÷ 8.02

1.58x

* Primary Listing of Altius Minerals.

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

  • Altius Minerals is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Altius Minerals'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. Altius Minerals has a total score of 0/6, 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.

ALS Future Performance

 How is Altius Minerals expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altius Minerals expected to grow at an attractive rate?
  • Altius Minerals's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Altius Minerals's earnings growth is positive but not above the Canada market average.
  • Altius Minerals'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:ALS Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ALS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.6%
TSX:ALS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -1.6%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:ALS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ALS Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 56 34 29 2
2022-12-31 59 36 26 3
2021-12-31 61 37 25 3
2020-12-31 62 37 25 4
2019-12-31 62 34 24 5
TSX:ALS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 57 19 5
2018-12-31 49 15 1
2017-12-31 45 19 27
2017-10-31 37 16 -57
2017-07-31 30 10 -63
2017-04-30 25 6 -65
2017-01-31 20 3 -84
2016-10-31 15 -2 -33
2016-07-31 12 -5 -35
2016-04-30 11 -6 -38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altius Minerals's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • Altius Minerals'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:ALS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Altius Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ALS Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.68 0.69 0.67 2.00
2022-12-31 0.61 0.62 0.59 2.00
2021-12-31 0.58 0.69 0.47 2.00
2020-12-31 0.56 0.65 0.50 3.00
2019-12-31 0.55 0.62 0.50 3.00
TSX:ALS Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.12
2018-12-31 0.03
2017-12-31 0.63
2017-10-31 -1.32
2017-07-31 -1.46
2017-04-30 -1.50
2017-01-31 -1.98
2016-10-31 -0.80
2016-07-31 -0.86
2016-04-30 -0.97

*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 Altius Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Altius Minerals'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.
Altius Minerals has a total score of 1/6, 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.

ALS Past Performance

  How has Altius Minerals 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 Altius Minerals'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.
  • Altius Minerals's year on year earnings growth rate has been positive over the past 5 years.
  • Altius Minerals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Altius Minerals's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
Altius Minerals'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 Altius Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ALS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 56.91 4.99 11.60
2018-12-31 49.24 1.27 10.63
2017-12-31 45.39 27.33 8.68
2017-10-31 36.91 -57.01 7.65
2017-07-31 30.20 -63.42 7.94
2017-04-30 25.20 -64.87 8.17
2017-01-31 19.91 -83.89 8.34
2016-10-31 14.82 -33.39 7.22
2016-07-31 12.44 -34.87 6.06
2016-04-30 11.20 -38.46 6.90
2016-01-31 9.45 -9.54 6.45
2015-10-31 8.07 1.56 7.72
2015-07-31 5.43 -22.65 5.21
2015-04-30 2.68 -30.21 4.35
2015-01-31 2.49 -59.69 4.01
2014-10-31 3.47 -53.99 4.77
2014-07-31 3.66 -29.38 7.81
2014-04-30 3.31 -22.57 7.70
2014-01-31 3.59 -6.00 6.87
2013-10-31 2.15 -9.62 5.85
2013-07-31 2.22 -11.77 4.87
2013-04-30 2.73 -13.34 4.33
2013-01-31 3.49 -11.99 5.07
2012-10-31 8.72 -5.90 4.38
2012-07-31 9.66 -5.88 4.80

*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.
  • Altius Minerals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Altius Minerals used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Altius Minerals has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Altius Minerals'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.
Altius Minerals has a total score of 2/6, 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.

ALS Health

 How is Altius Minerals'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 Altius Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altius Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altius Minerals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altius Minerals'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x 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 Altius Minerals Company Filings, last reported 3 months ago.

TSX:ALS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 414.27 134.29 21.28
2018-12-31 384.26 113.19 28.39
2017-12-31 400.13 65.19 74.67
2017-10-31 340.30 69.18 39.89
2017-07-31 317.28 71.86 19.42
2017-04-30 315.47 78.33 34.83
2017-01-31 297.60 79.43 12.54
2016-10-31 356.97 84.36 13.15
2016-07-31 359.33 89.62 15.62
2016-04-30 320.22 64.13 9.58
2016-01-31 328.77 65.95 14.80
2015-10-31 351.72 67.77 15.24
2015-07-31 349.54 71.90 15.48
2015-04-30 260.77 74.39 18.54
2015-01-31 269.55 110.97 41.02
2014-10-31 263.80 113.68 11.25
2014-07-31 298.27 115.61 7.91
2014-04-30 242.02 143.77 6.97
2014-01-31 265.97 0.00 123.38
2013-10-31 257.12 0.00 130.11
2013-07-31 257.81 0.00 135.31
2013-04-30 260.50 0.00 145.73
2013-01-31 268.20 0.00 154.94
2012-10-31 272.83 0.00 157.92
2012-07-31 274.71 0.00 161.78
  • Altius Minerals's level of debt (32.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (38.8% vs 32.4% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Altius Minerals'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. Altius Minerals 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.

ALS Dividends

 What is Altius Minerals'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
1.58%
Current annual income from Altius Minerals dividends.
If you bought CA$2,000 of Altius Minerals shares you are expected to receive CA$32 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?
  • Altius Minerals's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.07%).
  • Altius Minerals's dividend is below the markets top 25% of dividend payers in Canada (5.73%).
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:ALS 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 5 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 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

TSX:ALS Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
TSX:ALS Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.200 1.611
2018-11-07 0.160 1.299
2018-08-08 0.160 1.260
2018-05-14 0.160 1.215
2018-03-14 0.160 1.146
2017-12-12 0.160 1.151
2017-09-14 0.120 0.978
2017-06-21 0.120 1.069
2017-03-15 0.120 1.059
2016-12-14 0.120 0.993
2016-09-12 0.120 1.085
2016-06-23 0.120 1.201
2016-03-22 0.120 1.104
2015-12-17 0.120 1.310
2015-09-17 0.120 1.013
2015-06-25 0.080 0.606
2015-03-26 0.080 0.591

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

  • Whilst dividend payments have been stable, Altius Minerals has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Altius Minerals only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Altius Minerals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
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 Altius Minerals'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 Altius Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altius Minerals 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.

ALS Management

 What is the CEO of Altius Minerals'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
Brian Dalton
COMPENSATION CA$1,408,087
AGE 46
TENURE AS CEO 22.1 years
CEO Bio

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 successful group of private mineral exploration and exploration service companies prior to co-founding Altius. He has many contacts throughout the mining and financial communities and is an active member of several industry organizations. He has been the Chairman of Adventus Zinc Corporation since October 24, 2016. He serves as Chairman of Newfoundland and Labrador Chamber of Mineral Resources and Minister's Mineral Industry Advisory Board of Newfoundland and Labrador. He has been a Director of Altius Minerals Corp. since June 1997. He served as an Independent Director at Alderon Iron Ore Corp. from December 10, 2010 to June 16, 2016. He served as a Non-Executive Director of Rambler Metals & Mining Plc from March 25, 2005 to October 13, 2011 and Aurora Energy Ltd since June 2005. Mr. Dalton serves as a Member of the Board of Regents of Memorial University. He is an active member of various industry organizations and volunteer boards and has been honoured with numerous awards for his entrepreneurial leadership.

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

Average tenure and age of the Altius Minerals management team in years:

14.6
Average Tenure
48.5
Average Age
  • The average tenure for the Altius Minerals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Baker

TITLE
Co-Founder & Executive Chairman
COMPENSATION
CA$911K
AGE
65
TENURE
22.5 yrs

Brian Dalton

TITLE
Co-Founder
COMPENSATION
CA$1M
AGE
46
TENURE
22.1 yrs

Ben Lewis

TITLE
Chief Financial Officer
COMPENSATION
CA$684K
AGE
51
TENURE
12.8 yrs

Chad Wells

TITLE
VP of Business Development & Corporate Secretary
COMPENSATION
CA$549K
AGE
46
TENURE
16.4 yrs

Stephen Winter

TITLE
Vice President of Exploration
COMPENSATION
CA$549K
TENURE
12.8 yrs

Flora Wood

TITLE
Director of Investor Relations

Ben Lewis

TITLE
Controller

Wanda Hearn-Dyke

TITLE
Executive Assistant

Peter Butt

TITLE
Assistant Controller
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Altius Minerals board of directors in years:

10.7
Average Tenure
57
Average Age
  • The average tenure for the Altius Minerals board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Brian Dalton

TITLE
Co-Founder
COMPENSATION
CA$1M
AGE
46
TENURE
22.1 yrs

Fred Mifflin

TITLE
Lead Independent Director
COMPENSATION
CA$178K
AGE
60
TENURE
1.8 yrs

John Baker

TITLE
Co-Founder & Executive Chairman
COMPENSATION
CA$911K
AGE
65
TENURE
12.7 yrs

Jamie Ronald Strauss

TITLE
Independent Director
COMPENSATION
CA$148K
AGE
49
TENURE
8.8 yrs

Anna Stylianides

TITLE
Independent Director
COMPENSATION
CA$134K
AGE
54
TENURE
4.2 yrs

Mike Walter

TITLE
Member of Advisory Board

David Strong

TITLE
Member of Advisory Board

Jean-Pierre Lefebvre

TITLE
Member of Advisory Board

Dan Hansen

TITLE
Member of Advisory Board

Don Warr

TITLE
Independent Director
COMPENSATION
CA$139K
AGE
74
TENURE
12.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Altius Minerals individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
22. May 19 Buy James Ronald Strauss Individual 16. May 19 16. May 19 2,400 CA$12.59 CA$30,216
12. Apr 19 Buy Chad Wells Individual 10. Apr 19 10. Apr 19 1,350 CA$12.65 CA$17,077
11. Apr 19 Buy Stephen Winter Individual 08. Apr 19 10. Apr 19 2,550 CA$12.70 CA$32,117
26. Mar 19 Buy Ben Lewis Individual 25. Mar 19 25. Mar 19 500 CA$12.81 CA$6,405
04. Mar 19 Buy Brian Dalton Individual 21. Feb 19 21. Feb 19 3,500 CA$11.96 CA$41,853
21. Feb 19 Buy Ben Lewis Individual 19. Feb 19 19. Feb 19 2,800 CA$11.80 CA$33,040
07. Jan 19 Buy Ben Lewis Individual 07. Jan 19 07. Jan 19 600 CA$11.03 CA$6,620
26. Dec 18 Buy Stephen Winter Individual 21. Dec 18 21. Dec 18 450 CA$10.82 CA$4,869
25. Dec 18 Buy 9227-7094 Quebec Inc. Company 24. Dec 18 24. Dec 18 2,000 CA$10.53 CA$21,068
25. Dec 18 Buy André Gaumond Individual 24. Dec 18 24. Dec 18 22,400 CA$10.68 CA$234,793
21. Dec 18 Buy Frederick Mifflin Individual 20. Dec 18 21. Dec 18 2,296 CA$11.24 CA$25,234
21. Dec 18 Buy Chad Wells Individual 21. Dec 18 21. Dec 18 1,850 CA$10.66 CA$19,721
27. Nov 18 Sell Ben Lewis Individual 23. Nov 18 23. Nov 18 -24,864 CA$12.95 CA$-321,989
X
Management checks
We assess Altius Minerals'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. Altius Minerals 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.

ALS News

Simply Wall St News

These 4 Measures Indicate That Altius Minerals (TSE:ALS) Is Using Debt Reasonably Well

We note that Altius Minerals Corporation (TSE:ALS) does have debt on its balance sheet. … TSX:ALS Historical Debt, July 13th 2019 How Healthy Is Altius Minerals's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Altius Minerals's balance sheet over time.

Simply Wall St -

Have Insiders Been Buying Altius Minerals Corporation (TSE:ALS) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Altius Minerals Corporation (TSE:ALS). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Altius Minerals The Last 12 Months Of Insider Transactions At Altius Minerals In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Ben Lewis, sold CA$322k worth of shares at a price of CA$12.95 per share. … In the last twelve months there was more buying than selling by Altius Minerals insiders.

Simply Wall St -

A Closer Look At Altius Minerals Corporation's (TSE:ALS) Uninspiring ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Altius Minerals: 1.5% = CA$5.0m ÷ CA$414m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Altius Minerals's Debt And Its 1.5% Return On Equity Altius Minerals has a debt to equity ratio of 0.32, which is far from excessive. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Does Altius Minerals Corporation's (TSE:ALS) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Altius Minerals How Does Brian Dalton's Compensation Compare With Similar Sized Companies? … According to our data, Altius Minerals Corporation has a market capitalization of CA$540m, and pays its CEO total annual compensation worth CA$1.4m.

Simply Wall St -

A Look At The Intrinsic Value Of Altius Minerals Corporation (TSE:ALS)

by taking the expected future cash flows and discounting them to their present value. … This is done using the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

Did Altius Minerals's (TSE:ALS) Share Price Deserve to Gain 17%?

Notably, the Altius Minerals Corporation (TSE:ALS) share price has gained 17% in three years, which is better than the average market return. … During three years of share price growth, Altius Minerals moved from a loss to profitability. … Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business

Simply Wall St -

Is Altius Minerals Corporation (TSE:ALS) A Volatile Stock?

If you're interested in Altius Minerals Corporation (TSE:ALS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

Something To Consider Before Buying Altius Minerals Corporation (TSE:ALS) For The 1.2% Dividend

In the last few years Altius Minerals Corporation (TSE:ALS) has paid a dividend to shareholders. … Does Altius Minerals tick all the boxes of a great dividend stock? … View our latest analysis for Altius Minerals

Simply Wall St -

Do Insiders Own Lots Of Shares In Altius Minerals Corporation (TSE:ALS)?

The big shareholder groups in Altius Minerals Corporation (TSE:ALS) have power over the company. … With a market capitalization of CA$536m, Altius Minerals is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Altius Minerals

Simply Wall St -

Evaluating Altius Minerals Corporation’s (TSE:ALS) Investments In Its Business

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

ALS Company Info

Description

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 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and various pre-development stage royalty interests in mineral commodities. It also holds a portfolio of exploration stage projects, which it has generated for deal making with industry partners that result in newly created royalties, and equity and minority interests. Altius Minerals Corporation was founded in 1997 and is headquartered in St. John's, Canada.

Details
Name: Altius Minerals Corporation
ALS
Exchange: TSX
Founded: 1997
CA$543,078,651
42,795,796
Website: http://altiusminerals.com
Address: Altius Minerals Corporation
Kenmount Business Center,
Suite 202,
St. John's,
Newfoundland and Labrador, A1B 3V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ALS Common Shares The Toronto Stock Exchange CA CAD 31. Oct 1997
OTCPK ATUS.F Common Shares Pink Sheets LLC US USD 31. Oct 1997
DB VTM Common Shares Deutsche Boerse AG DE EUR 31. Oct 1997
LSE 0UHC Common Shares London Stock Exchange GB CAD 31. Oct 1997
Number of employees
Current staff
Staff numbers
21
Altius Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:33
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.