TSX:ASND

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Ascendant Resources

Executive Summary

Ascendant Resources Inc. explores for and develops mineral properties. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.


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

Stable Share Price: ASND is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ASND's weekly volatility has decreased from 18% to 10% over the past year.


Market Performance


7 Day Return

0%

ASND

-6.6%

CA Metals and Mining

1.1%

CA Market


1 Year Return

-51.3%

ASND

39.0%

CA Metals and Mining

-1.5%

CA Market

Return vs Industry: ASND underperformed the Canadian Metals and Mining industry which returned 39% over the past year.

Return vs Market: ASND underperformed the Canadian Market which returned -1.5% over the past year.


Shareholder returns

ASNDIndustryMarket
7 Day0%-6.6%1.1%
30 Day5.6%-8.3%5.9%
90 Day-9.5%-9.4%4.7%
1 Year-51.3%-51.3%40.1%39.0%2.1%-1.5%
3 Year-86.8%-86.8%37.7%34.8%11.0%0.2%
5 Year-24.0%-24.0%141.1%133.8%45.4%23.1%

Long-Term 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?

1.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ASND's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ASND's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ASND is unprofitable, so we can't compare its PE Ratio to the CA 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 (1.3x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

How is Ascendant Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

33.7%

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 is expected to decline over the next 3 years (-50.4% per year).

High Growth Revenue: ASND's revenue is forecast to decline over the next 3 years (-50.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Ascendant Resources performed over the past 5 years?

-26.0%

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 26% 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 (71.8%).


Return on Equity

High ROE: ASND has a negative Return on Equity (-81.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ascendant Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ASND's short term assets ($1.2M) do not cover its short term liabilities ($1.8M).

Long Term Liabilities: ASND's short term assets ($1.2M) exceed its long term liabilities ($47.0K).


Debt to Equity History and Analysis

Debt Level: ASND is debt free.

Reducing Debt: ASND currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


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 sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if ASND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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 recent payouts.

High Dividend: Unable to evaluate ASND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Chris Buncic

7.83yrs

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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD164.99K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Buncic
Co-Founder7.83yrsUS$513.12k1.39%
$ 131.2k
Clifford Hale-Sanders
Co-Founder & Executive VPno dataUS$513.12k1.75%
$ 164.4k
Rohan Hazelton
Chief Financial Officer4yrsUS$350.63k0.18%
$ 17.2k
Robert Campbell
VP of Exploration & Director9.08yrsUS$29.32k0.22%
$ 20.5k
Katherine Pryde
Director of Corporate Communications & Investor Relationsno datano datano data
Maria Anzola
General Counsel & Corporate Secretary1.83yrsno datano data
Joao Barros
President of Ascendant Portugal0.58yrno datano data
Eric Edward Szustak
4yrsUS$44.22kno data

3.0yrs

Average Tenure

Experienced Management: ASND's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Buncic
Co-Founder7.83yrsUS$513.12k1.39%
$ 131.2k
Robert Campbell
VP of Exploration & Director9.08yrsUS$29.32k0.22%
$ 20.5k
Stephen Shefsky
Independent Lead Director3.08yrsUS$29.32k0.87%
$ 81.5k
Mark Brennan
Founder & Executive Chairman8.33yrsUS$513.12k5.58%
$ 525.7k
Kurt Menchen
Independent Director5.08yrsUS$30.79k0.11%
$ 10.0k
Rui Botica do Rego Santos
Independent Director0.50yrno data0.045%
$ 4.2k
Petra Decher
Independent Director3.08yrsUS$35.19k0.058%
$ 5.5k

5.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ASND's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.2%.


Top Shareholders

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$9.416m
  • Shares outstanding: 94.16m
  • Website: https://www.ascendantresources.com

Location

  • Ascendant Resources Inc.
  • 110 Yonge Street
  • Suite 501
  • Toronto
  • Ontario
  • M5K 1T4
  • 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 develops mineral properties. The company explores for zinc, copper, lead, tin, silver, and gold. Its principal property is the Lagoa Salgada volcanogenic massive s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:27
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.