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Ascendant Resources

Market Cap

CA$23.6m

Last Updated

2021/05/09 23:48 UTC

Data Sources

Company Financials +

Executive Summary

Ascendant Resources Inc., a mining company, explores for and develops mineral properties. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


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 +/- 12% a week.

Volatility Over Time: ASND's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

42.9%

ASND

7.7%

CA Metals and Mining

2.3%

CA Market


1 Year Return

108.3%

ASND

20.6%

CA Metals and Mining

36.9%

CA Market

Return vs Industry: ASND exceeded the Canadian Metals and Mining industry which returned 20.6% over the past year.

Return vs Market: ASND exceeded the Canadian Market which returned 36.9% over the past year.


Shareholder returns

ASNDIndustryMarket
7 Day42.9%7.7%2.3%
30 Day31.6%7.1%2.1%
90 Day8.7%6.5%7.5%
1 Year108.3%108.3%21.8%20.6%41.4%36.9%
3 Year-76.2%-76.2%57.0%53.5%30.2%17.7%
5 Year100.0%100.0%59.4%54.6%60.3%36.3%

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?

4.06x

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 overvalued based on its PB Ratio (4.1x) compared to the CA Metals and Mining industry average (2.9x).


Future Growth

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

54.2%

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 (1.5%).

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 is forecast to have no revenue next year.

High Growth Revenue: ASND is forecast to have no revenue next 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


Past Performance

How has Ascendant Resources performed over the past 5 years?

-22.0%

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 22% 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 (86.6%).


Return on Equity

High ROE: ASND has a negative Return on Equity (-61.91%), as it is currently unprofitable.


Financial Health

How is Ascendant Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ASND's short term assets ($1.1M) do not cover its short term liabilities ($1.7M).

Long Term Liabilities: ASND has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ASND's debt to equity ratio (1.5%) is considered satisfactory.

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


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: Whilst unprofitable ASND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ASND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.7% per year.


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?

2.4yrs

Average management tenure


CEO

Chris Buncic

8.33yrs

Tenure

US$269,480

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 has been Director at Ascendant Resources Inc. since March 2013. Mr. B...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD269.48K) is above average for companies of similar size in the Canadian market ($USD156.41K).

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


Leadership Team

Experienced Management: ASND's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: ASND's board of directors are considered experienced (5.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16%.


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$23.553m
  • Shares outstanding: 94.21m
  • Website: https://www.ascendantresources.com

Location

  • Ascendant Resources Inc.
  • 110 Yonge Street
  • Suite 501
  • Toronto
  • Ontario
  • M5C 1T4
  • Canada

Listings


Biography

Ascendant Resources Inc., a mining company, explores for and develops mineral properties. The company explores for zinc, copper, lead, tin, silver, gold, and other metals. It holds interest in the Lagoa Sa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 23:48
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.