Ascendant Resources Inc. explores for and evaluates mineral properties in Canada.
Reasonable growth potential and fair value.
Share Price & News
How has Ascendant Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASND's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: ASND underperformed the Canadian Metals and Mining industry which returned -7% over the past year.
Return vs Market: ASND underperformed the Canadian Market which returned -22.9% over the past year.
Price Volatility Vs. Market
How volatile is Ascendant Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhat Percentage Of Ascendant Resources Inc. (TSE:ASND) Shares Do Insiders Own?
2 months ago | Simply Wall StSome Ascendant Resources (TSE:ASND) Shareholders Have Taken A Painful 75% Share Price Drop
2 months ago | Simply Wall StAscendant Resources (TSE:ASND) Has Debt But No Earnings; Should You Worry?
Is Ascendant Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASND (CA$0.11) is trading below our estimate of fair value (CA$1.28)
Significantly Below Fair Value: ASND is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ASND is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: ASND 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 ASND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASND is good value based on its PB Ratio (0.5x) compared to the CA Metals and Mining industry average (1.2x).
How is Ascendant Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: ASND is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ASND's is expected to become profitable in the next 3 years.
Revenue vs Market: ASND's revenue (4.8% per year) is forecast to grow faster than the Canadian market (3.3% per year).
High Growth Revenue: ASND's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASND is forecast to be unprofitable in 3 years.
How has Ascendant Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASND is currently unprofitable.
Growing Profit Margin: ASND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ASND is unprofitable, and losses have increased over the past 5 years at a rate of -27.3% per year.
Accelerating Growth: Unable to compare ASND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ASND is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).
Return on Equity
High ROE: ASND has a negative Return on Equity (-120.67%), as it is currently unprofitable.
How is Ascendant Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ASND's short term assets ($20.9M) do not cover its short term liabilities ($38.3M).
Long Term Liabilities: ASND's short term assets ($20.9M) do not cover its long term liabilities ($25.1M).
Debt to Equity History and Analysis
Debt Level: ASND's debt to equity ratio (97.9%) is considered high.
Reducing Debt: ASND had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: ASND has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ASND has less than a year of cash runway if free cash flow continues to reduce at historical rates of -50% each year
What is Ascendant Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ASND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ASND'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 ASND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ASND'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 ASND's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Chris Buncic, MBA, CFA, P.ENG, is the Co-Founder of Ascendant Resources Inc. and its President & CEO since January 2013. Mr. Buncic served in Senior Management roles at several Canadian corporations in ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD513.12K) is above average for companies of similar size in the Canadian market ($USD158.50K).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||3.42yrs||US$350.63k||0.21% $19.0k|
|Chief Operating Officer||3.08yrs||US$481.00k||0.18% $16.1k|
|VP of Exploration & Director||8.5yrs||US$29.32k||0.25% $22.5k|
|Director of Corporate Communications & Investor Relations||no data||no data||no data|
|General Counsel & Corporate Secretary||1.25yrs||no data||no data|
Experienced Management: ASND's management team is considered experienced (3.3 years average tenure).
|VP of Exploration & Director||8.5yrs||US$29.32k||0.25% $22.5k|
|Lead Director||2.5yrs||US$29.32k||0.68% $60.7k|
|Founder & Executive Chairman||7.75yrs||US$513.12k||5.65% $504.7k|
|Independent Director||4.5yrs||US$30.79k||0.12% $11.0k|
|Independent Director||2.5yrs||US$35.19k||0.068% $6.0k|
|Independent Director||2.83yrs||US$35.19k||no data|
Experienced Board: ASND's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
Ascendant Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ascendant Resources Inc.
- Ticker: ASND
- Exchange: TSX
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$8.937m
- Shares outstanding: 81.25m
- Website: https://www.ascendantresources.com
- Ascendant Resources Inc.
- 110 Yonge Street
- Suite 501
- M5K 1T4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ASND||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 2009|
|ASDR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 2009|
|2D9||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 2009|
Ascendant Resources Inc. explores for and evaluates mineral properties in Canada. It primarily has 100% interests in the El Mochito zinc, silver, and lead mine located in west central Honduras. The company was formerly known as Morumbi Resources Inc. and changed its name to Ascendant Resources Inc. in December 2016. Ascendant Resources Inc. was incorporated in 2006 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 03:57|
|End of Day Share Price||2020/04/06 00:00|
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.