TSX:ASND

Stock Analysis Report

Ascendant Resources

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Risks

  • Ascendant Resources has significant price volatility in the past 3 months.

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

-14.7%

TSX:ASND

-2.8%

CA Metals and Mining

-1.4%

CA Market


1 Year Return

-41.8%

TSX:ASND

19.6%

CA Metals and Mining

-4.4%

CA Market

ASND underperformed the Metals and Mining industry which returned 22% over the past year.

ASND underperformed the Market in Canada which returned -4.7% over the past year.


Share holder returns

ASNDIndustryMarket
7 Day-14.7%-2.8%-1.4%
30 Day-16.9%0.3%-2.7%
90 Day-17.9%19.5%-3.1%
1 Year-41.8%-41.8%20.6%19.6%-1.0%-4.4%
3 Year16.4%16.4%-16.2%-17.7%13.4%3.4%
5 Year6.7%6.7%-10.1%-13.4%12.5%-3.3%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Unable to calculate PEG ratio for Ascendant Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Ascendant Resources is good value based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

How is Ascendant Resources expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

103.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ascendant Resources's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Ascendant Resources's earnings are expected to grow significantly at over 20% yearly.

Ascendant Resources's revenue growth is expected to exceed the Canada market average.

Ascendant Resources's earnings growth is expected to exceed the Canada market average.

Ascendant Resources's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Ascendant Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Ascendant Resources does not make a profit and their year on year earnings growth rate was negative 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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Ascendant Resources's financial position?


Financial Position Analysis

Ascendant Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Ascendant Resources's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Ascendant Resources's level of debt (61.3%) compared to net worth is high (greater than 40%).

Ascendant Resources had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x 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.

Ascendant Resources has less than a year of cash runway based on current free cash flow.

Ascendant Resources has less than a year of cash runway if free cash flow continues to grow 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 and Payments Analysis

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.

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

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.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Chris Buncic

6.6yrs

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

Chris's remuneration is higher than average for companies of similar size in Canada.

Chris's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.6yrs

Average Tenure

54yo

Average Age

The tenure for the Ascendant Resources management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

63yo

Average Age

The tenure for the Ascendant Resources board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Cliff Hale-Sanders

    Co-Founder & Executive VP

    • Compensation: $513.12k
  • Eric Edward Szustak (59yo)

    • Tenure: 2.8yrs
    • Compensation: $44.22k
  • Rohan Hazelton (45yo)

    Chief Financial Officer

    • Tenure: 2.8yrs
    • Compensation: $350.63k
  • Neil Ringdahl

    Chief Operating Officer

    • Tenure: 2.4yrs
    • Compensation: $481.00k
  • Chris Buncic

    Co-Founder

    • Tenure: 6.6yrs
    • Compensation: $513.12k
  • Maria Anzola

    General Counsel & Corporate Secretary

    • Tenure: 0.6yrs
  • Mark Brennan (54yo)

    Founder & Executive Chairman

    • Compensation: $513.12k
  • Katherine Pryde

    Director of Corporate Communications & Investor Relations

  • Andy Campbell

    VP of Exploration & Director

    • Tenure: 0.7yrs
    • Compensation: $29.32k

Board Members

  • Stephen Shefsky (63yo)

    Lead Director

    • Tenure: 1.8yrs
    • Compensation: $29.32k
  • Mark Brennan (54yo)

    Founder & Executive Chairman

    • Tenure: 7.1yrs
    • Compensation: $513.12k
  • Kurt Menchen (68yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: $30.79k
  • Andy Campbell

    VP of Exploration & Director

    • Tenure: 7.8yrs
    • Compensation: $29.32k
  • Chris Buncic

    Co-Founder

    • Tenure: 6.4yrs
    • Compensation: $513.12k
  • Petra Decher

    Director

    • Tenure: 1.8yrs
    • Compensation: $35.19k
  • Guillermo Gustavo Lizarraga

    Director

    • Tenure: 2.2yrs
    • Compensation: $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$24.733m
  • Shares outstanding: 77.29m
  • Website: Click here

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 Analysis2019/08/17 00:16
End of Day Share Price2019/08/15 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.