TSX:ASND

Stock Analysis Report

Ascendant Resources

Executive Summary

Ascendant Resources Inc. explores for and evaluates mineral properties in Canada.

Snowflake

Fundamentals

Fair value with worrying balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.3%

ASND

-2.3%

CA Metals and Mining

-0.3%

CA Market


1 Year Return

-53.4%

ASND

11.3%

CA Metals and Mining

0.9%

CA Market

Return vs Industry: ASND underperformed the Canadian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: ASND underperformed the Canadian Market which returned 0.9% over the past year.


Shareholder returns

ASNDIndustryMarket
7 Day6.3%-2.3%-0.3%
30 Day-2.9%-2.9%-2.1%
90 Day-6.8%0.5%-1.5%
1 Year-53.4%-53.4%12.3%11.3%4.4%0.9%
3 Year-28.4%-28.4%-6.6%-8.4%15.7%5.4%
5 Year-24.4%-24.4%4.8%0.8%26.1%7.9%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ASND (CA$0.34) is trading below our estimate of fair value (CA$3.86)

Significantly Undervalued: 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

Low 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 (1.1x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Ascendant Resources forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

96.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASND is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ASND is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ASND is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ASND's revenue (5.7% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: ASND's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ASND's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Ascendant Resources performed over the past 5 years?

-12.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASND is unprofitable, and losses have increased over the past 5 years at a rate of -12.6% 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 (-13.7%).


Return on Equity

High ROE: ASND has a negative Return on Equity (-77.84%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ASND is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ASND is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Ascendant Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ASND's short term assets ($20.0M) do not cover its short term liabilities ($31.8M)

Long Term Liabilities: ASND's short term assets (20.0M) do not cover its long term liabilities (24.2M)


Debt to Equity History and Analysis

Debt Level: ASND's debt to equity ratio (61.3%) is considered high

Reducing Debt: ASND had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

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

Debt Coverage by Assets: ASND's debt is covered by short term assets (assets are 1.885330x 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: 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 -47.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Chris Buncic 0

6.8yrs

Tenure

US$513,122

Compensation

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 ($USD513.12K) is about average for companies of similar size in the Canadian market ($USD121.70K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: ASND's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

63yo

Average Age

Experienced Board: ASND's board of directors are considered experienced (4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mark Brennan (54yo)

    Founder & Executive Chairman

    • Tenure: 7.3yrs
    • Compensation: US$513.12k
  • Andy Campbell

    VP of Exploration & Director

    • Tenure: 8yrs
    • Compensation: US$29.32k
  • Rohan Hazelton (45yo)

    Chief Financial Officer

    • Tenure: 2.9yrs
    • Compensation: US$350.63k
  • Chris Buncic

    Co-Founder

    • Tenure: 6.8yrs
    • Compensation: US$513.12k
  • Eric Edward Szustak (59yo)

    • Tenure: 2.9yrs
    • Compensation: US$44.22k
  • Neil Ringdahl

    Chief Operating Officer

    • Tenure: 2.6yrs
    • Compensation: US$481.00k
  • Cliff Hale-Sanders

    Co-Founder & Executive VP

    • Tenure: 0yrs
    • Compensation: US$513.12k
  • Katherine Pryde

    Director of Corporate Communications & Investor Relations

    • Tenure: 0yrs
  • Maria Anzola

    General Counsel & Corporate Secretary

    • Tenure: 0.8yrs

Board Members

  • Stephen Shefsky (63yo)

    Lead Director

    • Tenure: 2yrs
    • Compensation: US$29.32k
  • Mark Brennan (54yo)

    Founder & Executive Chairman

    • Tenure: 7.3yrs
    • Compensation: US$513.12k
  • Kurt Menchen (68yo)

    Director

    • Tenure: 4yrs
    • Compensation: US$30.79k
  • Andy Campbell

    VP of Exploration & Director

    • Tenure: 8yrs
    • Compensation: US$29.32k
  • Chris Buncic

    Co-Founder

    • Tenure: 6.8yrs
    • Compensation: US$513.12k
  • Petra Decher

    Director

    • Tenure: 2yrs
    • Compensation: US$35.19k
  • Guillermo Gustavo Lizarraga

    Director

    • Tenure: 2.3yrs
    • Compensation: US$35.19k

Company Information

Ascendant Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ascendant Resources Inc.
  • Ticker: ASND
  • Exchange: TSX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$26.415m
  • Shares outstanding: 77.69m
  • Website: https://www.ascendantresources.com

Location

  • Ascendant Resources Inc.
  • TD Tower South
  • Suite 2100
  • Toronto
  • Ontario
  • M5K 1H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASNDTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2009
ASDR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2009
2D9DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2009

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:12
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
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.