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Ascendant Resources

TSX:ASND
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASND
TSX
CA$32M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Ascendant Resources Inc. explores for and evaluates mineral properties in Canada. The last earnings update was 76 days ago. More info.


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  • Ascendant Resources has significant price volatility in the past 3 months.
ASND Share Price and Events
7 Day Returns
23.9%
TSX:ASND
5.6%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-48.1%
TSX:ASND
8.8%
CA Metals and Mining
-2.2%
CA Market
ASND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ascendant Resources (ASND) 23.9% 16.9% -10.8% -48.1% 137.1% -7.8%
CA Metals and Mining 5.6% 7.4% 16.4% 8.8% -11.7% -15.4%
CA Market -0% -0.4% -2.6% -2.2% 8.1% -0.1%
1 Year Return vs Industry and Market
  • ASND underperformed the Metals and Mining industry which returned 8.8% over the past year.
  • ASND underperformed the Market in Canada which returned -2.2% over the past year.
Price Volatility
ASND
Industry
5yr Volatility vs Market

Value

 Is Ascendant Resources 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 Ascendant Resources 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 Ascendant Resources.

TSX:ASND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
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:ASND
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))
= 1.062 (1 + (1- 26.5%) (40.04%))
1.251
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.251 * 5.96%)
9.4%

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

The calculations below outline how an intrinsic value for Ascendant Resources 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:ASND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.4%)
2020 -7.25 Analyst x5 -6.62
2021 14.74 Analyst x3 12.31
2022 15.66 Analyst x2 11.96
2023 19.62 Analyst x1 13.69
2024 22.82 Est @ 16.31% 14.56
2025 25.55 Est @ 12% 14.90
2026 27.85 Est @ 8.98% 14.85
2027 29.76 Est @ 6.87% 14.50
2028 31.37 Est @ 5.39% 13.97
2029 32.74 Est @ 4.36% 13.33
Present value of next 10 years cash flows $117.46
TSX:ASND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $32.74 × (1 + 1.95%) ÷ (9.4% – 1.95%)
$447.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $447.68 ÷ (1 + 9.4%)10
$182.27
TSX:ASND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $117.46 + $182.27
$299.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $299.73 / 77.09
$3.89
TSX:ASND Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:ASND)
1.311
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.89 x 1.311
CA$5.1
Value per share (CAD) From above. CA$5.10
Current discount Discount to share price of CA$0.42
= -1 x (CA$0.42 - CA$5.10) / CA$5.10
91.9%

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

Current Discount
Amount off the current price Ascendant Resources is available for.
Intrinsic value
>50%
Share price is CA$0.42 vs Future cash flow value of CA$5.1
Current Discount Checks
For Ascendant Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ascendant Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ascendant Resources's share price is below the future cash flow value, and 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 Ascendant Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ascendant Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ASND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.06
TSX:ASND Share Price ** TSX (2019-07-22) in CAD CA$0.42
TSX:ASND Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.763 $0.32
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 16.41x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.49x

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

** Primary Listing of Ascendant Resources.

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

= TSX:ASND Share Price ÷ EPS (both in USD)

= 0.32 ÷ -0.06

-5.05x

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

  • Ascendant Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Ascendant Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Ascendant Resources's expected growth come at a high price?
Raw Data
TSX:ASND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
53%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 33 Publicly-Listed Metals and Mining Companies 0.91x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Ascendant Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ascendant Resources's assets?
Raw Data
TSX:ASND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.28
TSX:ASND Share Price * TSX (2019-07-22) in CAD CA$0.42
TSX:ASND Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.763 $0.32
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,445 Publicly-Listed Companies 1.46x
TSX:ASND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ASND Share Price ÷ Book Value per Share (both in USD)

= 0.32 ÷ 0.28

1.14x

* Primary Listing of Ascendant Resources.

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

  • Ascendant Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Ascendant Resources'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. Ascendant Resources has a total score of 3/6, 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.

Future Performance

 How is Ascendant Resources expected to perform in the next 1 to 3 years based on estimates from 7 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
53%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ascendant Resources expected to grow at an attractive rate?
  • Ascendant Resources's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Ascendant Resources's earnings growth is expected to exceed the Canada market average.
  • Ascendant Resources's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ASND Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ASND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 53%
TSX:ASND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.5%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.9%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:ASND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ASND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 94 42 1
2022-12-31 108 33 2
2021-12-31 109 27 12 5
2020-12-31 103 24 12 6
2019-12-31 95 20 7 7
TSX:ASND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 75 13 -5
2018-12-31 86 16 3
2018-09-30 88 22 5
2018-06-30 92 23 9
2018-03-31 79 13 -4
2017-12-31 59 -6 -12
2016-12-31 -2 -6
2016-10-31 0 0
2016-07-31 0 0
2016-04-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ascendant Resources's earnings are expected to grow significantly at over 20% yearly.
  • Ascendant Resources's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
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:ASND 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 7 Analyst Estimates (S&P Global) See Below

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

TSX:ASND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.11 0.21 -0.01 4.00
2020-12-31 0.12 0.25 0.00 6.00
2019-12-31 0.06 0.12 -0.02 6.00
TSX:ASND Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.06
2018-12-31 0.04
2018-09-30 0.06
2018-06-30 0.13
2018-03-31 -0.05
2017-12-31 -0.18
2016-12-31 -0.74
2016-10-31 -0.06
2016-07-31 0.00
2016-04-30 0.01

*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.
  • Ascendant Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ascendant Resources'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.
Ascendant Resources has a total score of 3/6, 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.

Past Performance

  How has Ascendant Resources 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 Ascendant Resources'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.
  • Ascendant Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Ascendant Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ascendant Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Ascendant Resources'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 Ascendant Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ASND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 75.36 -4.70 16.12
2018-12-31 85.62 3.01 15.96
2018-09-30 87.99 4.60 8.55
2018-06-30 92.03 9.27 8.92
2018-03-31 79.31 -3.87 17.66
2017-12-31 59.20 -12.06 16.30
2016-12-31 -5.82 3.84
2016-10-31 -0.43 0.36
2016-07-31 0.01 0.37
2016-04-30 0.08 0.38
2016-01-31 -0.25 0.32
2015-10-31 -0.30 0.31
2015-07-31 -0.33 0.28
2015-04-30 -1.37 0.24
2015-01-31 -1.35 0.25
2014-10-31 -1.65 0.15
2014-07-31 -1.89 0.37
2014-04-30 0.00 -1.13 1.71
2014-01-31 0.00 -4.78 1.77
2013-10-31 0.01 -5.32 2.20
2013-07-31 0.01 -5.92 2.22
2013-04-30 0.03 -6.90 2.78
2013-01-31 0.06 -3.38 2.82
2012-10-31 0.10 -3.31 2.66
2012-07-31 0.15 -2.70 2.60

*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.
  • It is difficult to establish if Ascendant Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ascendant Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ascendant Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ascendant Resources'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.
Ascendant Resources has a total score of 0/6, 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.

Health

 How is Ascendant Resources'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 Ascendant Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ascendant Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ascendant Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ascendant Resources'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x 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 Ascendant Resources Company Filings, last reported 3 months ago.

TSX:ASND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 21.41 8.81 11.81
2018-12-31 23.62 4.78 3.81
2018-09-30 24.92 2.50 7.42
2018-06-30 28.56 0.00 11.32
2018-03-31 21.84 0.00 13.26
2017-12-31 16.23 0.00 8.04
2016-12-31 11.21 0.03 12.61
2016-10-31 -0.14 0.00 0.04
2016-07-31 -0.37 0.18 0.00
2016-04-30 -0.30 0.10 0.01
2016-01-31 -0.53 0.08 0.01
2015-10-31 -0.48 0.08 0.06
2015-07-31 -0.49 0.00 0.04
2015-04-30 -0.57 0.00 0.07
2015-01-31 -0.47 0.00 0.12
2014-10-31 -0.38 0.00 0.15
2014-07-31 -0.85 0.06 0.24
2014-04-30 0.06 0.05 0.00
2014-01-31 0.20 0.04 0.01
2013-10-31 0.52 0.03 0.01
2013-07-31 0.81 0.00 0.01
2013-04-30 1.08 0.00 0.13
2013-01-31 5.24 0.00 0.51
2012-10-31 4.59 0.00 0.12
2012-07-31 4.87 0.00 0.20
  • Ascendant Resources's level of debt (41.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.3% vs 41.2% today).
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.

  • Ascendant Resources has sufficient cash runway for 1.8 years based on current free cash flow.
  • Ascendant Resources has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 40.9% each year.
X
Financial health checks
We assess Ascendant Resources'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. Ascendant Resources has a total score of 4/6, 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.

Dividends

 What is Ascendant Resources'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
0%
Current annual income from Ascendant Resources dividends.
If you bought CA$2,000 of Ascendant Resources shares you are expected to receive CA$0 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?
  • Unable to evaluate Ascendant Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ascendant Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:ASND 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 7 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 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:ASND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Ascendant Resources has not reported any payouts.
  • Unable to verify if Ascendant Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ascendant Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ascendant Resources has not reported any payouts.
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 Ascendant Resources'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 Ascendant Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ascendant Resources 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.

Management

 What is the CEO of Ascendant Resources'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
Chris Buncic
COMPENSATION $513,122
TENURE AS CEO 6.5 years
CEO Bio

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 the technology and resources sectors. His depth of experience also includes six years in Institutional Equity Research at leading Canadian independent full service brokerage firms Cormark Securities Inc. and Mackie Research Capital Corporation. Mr. Buncic is a CFA Charterholder, has an MBA from Schulich School of Business and B.A.Sc. from the University of Toronto. Mr. Buncic is a Member of the Professional Engineers of Ontario and the CFA Society.

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

Average tenure and age of the Ascendant Resources management team in years:

2.5
Average Tenure
54
Average Age
  • The tenure for the Ascendant Resources management team is about average.
Management Team

Mark Brennan

TITLE
Founder & Executive Chairman
COMPENSATION
$513K
AGE
54

Chris Buncic

TITLE
Co-Founder
COMPENSATION
$513K
TENURE
6.5 yrs

Cliff Hale-Sanders

TITLE
Co-Founder & Executive VP
COMPENSATION
$513K

Rohan Hazelton

TITLE
Chief Financial Officer
COMPENSATION
$351K
AGE
45
TENURE
2.7 yrs

Neil Ringdahl

TITLE
Chief Operating Officer
COMPENSATION
$481K
TENURE
2.3 yrs

Andy Campbell

TITLE
VP of Exploration & Director
COMPENSATION
$29K
TENURE
0.6 yrs

Katherine Pryde

TITLE
Director of Corporate Communications & Investor Relations

Maria Anzola

TITLE
General Counsel & Corporate Secretary
TENURE
0.5 yrs

Eric Edward Szustak

TITLE
COMPENSATION
$44K
AGE
59
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Ascendant Resources board of directors in years:

3.8
Average Tenure
63
Average Age
  • The tenure for the Ascendant Resources board of directors is about average.
Board of Directors

Mark Brennan

TITLE
Founder & Executive Chairman
COMPENSATION
$513K
AGE
54
TENURE
7 yrs

Chris Buncic

TITLE
Co-Founder
COMPENSATION
$513K
TENURE
6.3 yrs

Andy Campbell

TITLE
VP of Exploration & Director
COMPENSATION
$29K
TENURE
7.8 yrs

Petra Decher

TITLE
Director
COMPENSATION
$35K
TENURE
1.8 yrs

Guillermo Gustavo Lizarraga

TITLE
Director
COMPENSATION
$35K
TENURE
2.1 yrs

Stephen Shefsky

TITLE
Lead Director
COMPENSATION
$29K
AGE
63
TENURE
1.8 yrs

Kurt Menchen

TITLE
Director
COMPENSATION
$31K
AGE
68
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Ascendant Resources'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. Ascendant Resources 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.

News

Simply Wall St News

Do Insiders Own Lots Of Shares In Ascendant Resources Inc. (TSE:ASND)?

With a market capitalization of CA$26m, Ascendant Resources is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Ascendant Resources TSX:ASND Ownership Summary, July 17th 2019 What Does The Institutional Ownership Tell Us About Ascendant Resources? … Insider Ownership Of Ascendant Resources The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

What Kind Of Shareholder Appears On The Ascendant Resources Inc.'s (TSE:ASND) Shareholder Register?

A look at the shareholders of Ascendant Resources Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Ascendant Resources is a smaller company with a market capitalization of CA$42m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Should You Like Ascendant Resources Inc.’s (TSE:ASND) High Return On Capital Employed?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does Ascendant Resources Inc. (TSE:ASND) Have A Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Ascendant Resources Inc. (TSE:ASND): Commentary On Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … Upon building up an investment case for a stock, we should look at various aspects. … In the case of ASND, it

Simply Wall St -

How Much is Ascendant Resources Inc.'s (TSE:ASND) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Chris Buncic's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

A Closer Look At Ascendant Resources Inc.'s (TSE:ASND) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … By way of learning-by-doing, we'll look at ROE to gain a better understanding of Ascendant Resources Inc. … Over the last twelve months Ascendant Resources has recorded a ROE of 18%.

Simply Wall St -

Ascendant Resources Inc (TSE:ASND): Time For A Financial Health Check

While small-cap stocks, such as Ascendant Resources Inc (TSE:ASND) with its market cap of CA$47m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What Kind Of Shareholder Owns Most Ascendant Resources Inc (TSE:ASND) Stock?

Every investor in Ascendant Resources Inc (TSE:ASND) should be aware of the most powerful shareholder groups. … Ascendant Resources is a smaller company with a market capitalization of CA$54m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

A Look At Ascendant Resources Inc's (TSE:ASND) Exceptional Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Company Info

Description

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.

Details
Name: Ascendant Resources Inc.
ASND
Exchange: TSX
Founded: 2006
CA$31,993,237
77,092,139
Website: http://www.ascendantresources.com
Address: Ascendant Resources Inc.
TD Tower South,
Suite 2100,
Toronto,
Ontario, M5K 1H1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ASND Common Shares The Toronto Stock Exchange CA CAD 23. Dec 2009
OTCPK ASDR.F Common Shares Pink Sheets LLC US USD 23. Dec 2009
DB 2D9 Common Shares Deutsche Boerse AG DE EUR 23. Dec 2009
Number of employees
Current staff
Staff numbers
0
Ascendant Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 00:27
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/08
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.