Loading...

Atlatsa Resources

TSX:ATL
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATL
TSX
CA$44M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Atlatsa Resources Corporation, together with its subsidiaries, engages in the exploration and mining of platinum group metal properties in the Republic of South Africa. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
ATL Share Price and Events
7 Day Returns
0%
TSX:ATL
-3.3%
CA Metals and Mining
-1.2%
CA Market
1 Year Returns
100%
TSX:ATL
-16.8%
CA Metals and Mining
-1.9%
CA Market
ATL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atlatsa Resources (ATL) 0% -5.9% -5.9% 100% 14.3% -80.7%
CA Metals and Mining -3.3% -7% -11.7% -16.8% -14.5% -22.8%
CA Market -1.2% -2.8% 0.1% -1.9% 10.6% 4.2%
1 Year Return vs Industry and Market
  • ATL outperformed the Metals and Mining industry which returned -16.8% over the past year.
  • ATL outperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
ATL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Atlatsa Resources's competitors could be found in our database.

ATL Value

 Is Atlatsa 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.

In this section, we usually try to help investors determine whether Atlatsa Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Atlatsa Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Atlatsa Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
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 Atlatsa Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atlatsa Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ATL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.15
TSX:ATL Share Price ** TSX (2019-05-17) in CAD CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 12.38x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.81x

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

** Primary Listing of Atlatsa Resources.

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

= TSX:ATL Share Price ÷ EPS (both in CAD)

= 0.08 ÷ -0.15

-0.53x

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

  • Atlatsa Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Atlatsa Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Atlatsa Resources's expected growth come at a high price?
Raw Data
TSX:ATL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.57x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.15x

*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 Atlatsa Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Atlatsa Resources's assets?
Raw Data
TSX:ATL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$-0.18
TSX:ATL Share Price * TSX (2019-05-17) in CAD CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,088 Publicly-Listed Metals and Mining Companies 1.26x
Canada Market PB Ratio Median Figure of 2,402 Publicly-Listed Companies 1.41x
TSX:ATL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ATL Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ -0.18

-0.43x

* Primary Listing of Atlatsa Resources.

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

  • Atlatsa Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of ATL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Atlatsa Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Atlatsa 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. Atlatsa Resources has a total score of 0/6, 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.

ATL Future Performance

 How is Atlatsa Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Atlatsa Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
25.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atlatsa Resources expected to grow at an attractive rate?
  • Unable to compare Atlatsa Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Atlatsa Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Atlatsa Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:ATL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.1%

*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:ATL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ATL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 1 -19 -85
2018-12-31 6 -21 -94
2018-09-30 5 -77 -92
2018-06-30 38 -95 -109
2018-03-31 82 -93 -207
2017-12-31 117 -99 -199
2017-09-30 154 -35 -203
2017-06-30 171 -45 -168
2017-03-31 165 -43 -66
2016-12-31 163 -43 -46
2016-09-30 170 -75 -34
2016-06-30 178 -32 -48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Atlatsa Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Atlatsa Resources is high growth as no revenue estimate data is available.
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:ATL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Atlatsa Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ATL Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.15
2018-12-31 -0.17
2018-09-30 -0.17
2018-06-30 -0.20
2018-03-31 -0.38
2017-12-31 -0.36
2017-09-30 -0.37
2017-06-30 -0.31
2017-03-31 -0.12
2016-12-31 -0.08
2016-09-30 -0.06
2016-06-30 -0.09

*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.
  • Unable to establish if Atlatsa Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ATL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Atlatsa Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Atlatsa Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Atlatsa 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.
Atlatsa Resources has a total score of 0/6, 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.

ATL Past Performance

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

TSX:ATL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1.49 -84.65 34.74
2018-12-31 5.53 -94.05 48.40
2018-09-30 5.50 -92.23 33.97
2018-06-30 37.87 -109.34 24.50
2018-03-31 82.20 -207.36 17.25
2017-12-31 116.53 -198.63 4.22
2017-09-30 153.90 -203.17 17.90
2017-06-30 170.59 -167.66 16.53
2017-03-31 165.47 -65.95 13.55
2016-12-31 162.70 -46.47 9.89
2016-09-30 169.68 -34.10 6.46
2016-06-30 178.01 -48.37 6.81
2016-03-31 188.97 -156.22 8.32
2015-12-31 205.69 -167.07 8.98
2015-09-30 215.79 -170.11 9.70
2015-06-30 228.97 -149.18 10.21
2015-03-31 235.87 -28.60 9.46
2014-12-31 237.39 -24.61 10.20
2014-09-30 230.73 215.46 15.32
2014-06-30 214.50 203.10 15.24
2014-03-31 204.37 200.78 19.08
2013-12-31 195.62 199.49 19.81
2013-09-30 148.48 -72.00 15.80
2013-06-30 138.25 8.43 16.64
2013-03-31 128.56 -3.34 14.58
2012-12-31 117.56 -18.72 14.59
2012-09-30 149.26 5.89 16.01
2012-06-30 150.60 -77.65 17.37

*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 Atlatsa Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Atlatsa 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 Atlatsa Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Atlatsa 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.
Atlatsa 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.

ATL Health

 How is Atlatsa 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 Atlatsa Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atlatsa Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Atlatsa Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Atlatsa 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.
  • Atlatsa Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Atlatsa Resources Company Filings, last reported 1 month ago.

TSX:ATL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -285.71 376.51 1.17
2018-12-31 -272.43 366.39 1.25
2018-09-30 -238.38 334.14 0.65
2018-06-30 -210.46 329.36 1.32
2018-03-31 -205.89 350.63 1.71
2017-12-31 -158.24 306.53 2.14
2017-09-30 -142.52 230.28 5.62
2017-06-30 -143.80 261.18 1.99
2017-03-31 39.77 235.04 2.56
2016-12-31 68.70 209.44 5.65
2016-09-30 76.34 192.67 1.94
2016-06-30 38.83 193.07 2.10
2016-03-31 52.91 189.65 13.58
2015-12-31 52.55 173.19 3.50
2015-09-30 73.36 143.54 0.70
2015-06-30 111.08 150.86 0.54
2015-03-31 414.98 143.43 4.61
2014-12-31 415.21 133.85 8.15
2014-09-30 432.83 122.65 13.82
2014-06-30 439.28 119.44 11.83
2014-03-31 467.86 122.81 15.12
2013-12-31 379.11 187.02 40.66
2013-09-30 148.79 455.40 20.52
2013-06-30 169.82 447.31 10.71
2013-03-31 189.67 446.01 15.83
2012-12-31 205.26 435.79 14.58
2012-09-30 269.44 403.44 14.60
2012-06-30 -107.51 821.73 14.90
  • Atlatsa Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Atlatsa Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Atlatsa Resources has less than a year of cash runway based on current free cash flow.
  • Atlatsa Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.1% each year.
X
Financial health checks
We assess Atlatsa 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. Atlatsa Resources has a total score of 0/6, 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.

ATL Dividends

 What is Atlatsa 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 Atlatsa Resources dividends.
If you bought CA$2,000 of Atlatsa 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 Atlatsa Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atlatsa 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:ATL 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 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
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.

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

  • Unable to perform a dividend volatility check as Atlatsa Resources has not reported any payouts.
  • Unable to verify if Atlatsa Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atlatsa Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atlatsa 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 Atlatsa Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Atlatsa Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atlatsa 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.

ATL Management

 What is the CEO of Atlatsa 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
Harold Motaung
COMPENSATION CA$632,598
TENURE AS CEO 8.1 years
CEO Bio

Mr. Asna Harold Chris Motaung, also known as Harold, B.Sc., MBA has been the Chief Executive Officer and President of Atlatsa Resources Corporation (alternate name: Anooraq Resources Corporation) since April 1, 2011 and served as its Chief Operating Officer. Mr. Motaung was employed at the Free State and Vaal River operations of Anglo American Corporation of South Africa Limited for six years as a mining engineer and as a production supervisor. He then moved to the South African Government''s Department of Minerals and Energy (DME) as a Director within the Mine Inspectorate. As a Deputy Chief Inspector, he was responsible for implementing the Mine, Health and Safety Act. Subsequently he was appointed Chief Director within the Mine Inspectorate. In Mr. Motaung's capacity as the Chief Director of the Mine Inspectorate, he was appointed on numerous boards of government-associated institutions including the National Nuclear Reactor, the Deep Mining Board and the Mining Qualifications Authority. He has been a Director of Atlatsa Resources Corporation since September 2004. He also chaired the Mines Research Board, which administered a mining safety fund. Mr. Motaung also represented the South African government in a number of international and bi-national engagements with foreign countries and was a member of the DME executive team responsible for the briefs and presentations at the Parliamentary Portfolio Committee on the status of minerals and energy within the country, which culminated in the enactment of the Minerals Development Act. Mr. Motaung left the DME to establish a mining and geological consultancy, African Minerals Professionals (Pty) Limited.

CEO Compensation
  • Harold's compensation has increased whilst company is loss making.
  • Harold's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Atlatsa Resources management team in years:

8.1
Average Tenure
  • The average tenure for the Atlatsa Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tumelo Motsisi

TITLE
Executive Chairman
COMPENSATION
CA$681K

Harold Motaung

TITLE
President
COMPENSATION
CA$633K
TENURE
8.1 yrs

Shireen Stow

TITLE
Interim Chief Financial Officer
COMPENSATION
CA$166K
TENURE
1.3 yrs

Kenneth Mbewe

TITLE
Senior Manager of HR Operations
COMPENSATION
CA$202K

Joel Kesler

TITLE
Chief Commercial Officer & Executive Director
COMPENSATION
CA$550K
TENURE
9.2 yrs

Scott Cousens

TITLE
Vice President of Capital Finance
COMPENSATION
CA$322K
AGE
54
Board of Directors Tenure

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

5
Average Tenure
48
Average Age
  • The tenure for the Atlatsa Resources board of directors is about average.
Board of Directors

Tumelo Motsisi

TITLE
Executive Chairman
COMPENSATION
CA$681K
TENURE
14.7 yrs

Harold Motaung

TITLE
President
COMPENSATION
CA$633K
TENURE
14.7 yrs

Joel Kesler

TITLE
Chief Commercial Officer & Executive Director
COMPENSATION
CA$550K
TENURE
4.9 yrs

Fikile Felicity De Buck

TITLE
Independent Non-Executive Director
COMPENSATION
CA$74K
AGE
57
TENURE
10.7 yrs

Andile Mabizela

TITLE
Independent Non-Executive Director
COMPENSATION
CA$75K
AGE
48
TENURE
5 yrs

Colin Clarke

TITLE
Lead Independent Non-Executive Director
COMPENSATION
CA$84K
TENURE
4.4 yrs

Bongiwe Ntuli

TITLE
Independent Non-Executive Director
COMPENSATION
CA$68K
AGE
40
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Atlatsa 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. Atlatsa 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.

ATL News

Simply Wall St News

How Should Investors React To Atlatsa Resources Corporation's (TSE:ATL) CEO Pay?

HAROLD Motaung has been the CEO of Atlatsa Resources Corporation (TSE:ATL) since 2011. … Our data indicates that Atlatsa Resources Corporation is worth CA$27m, and total annual CEO compensation is CA$510k. … Thus we can conclude that HAROLD Motaung receives more in total compensation than the median of a group of companies in the same market, and of similar size to Atlatsa Resources Corporation

Simply Wall St -

Who Are Atlatsa Resources Corporation's (TSE:ATL) Major Shareholders?

Today, I will be analyzing Atlatsa Resources Corporation’s (TSX:ATL) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Atlatsa Resources TSX:ATL Ownership_summary May 24th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Thus, investors should dig deeper into ATL's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in ATL need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

One Thing To Consider Before Buying Atlatsa Resources Corporation (TSE:ATL)

Generally, an investor should consider two types of risk that impact the market value of ATL. … See our latest analysis for Atlatsa Resources An interpretation of ATL's beta Atlatsa Resources has a beta of 1.77, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

Simply Wall St -

How Much Did Atlatsa Resources Corporation's (TSE:ATL) CEO Pocket Last Year?

Earnings is a powerful indication of ATL's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Motaung's performance in the past year. … Normally I would use earnings and market cap to account for variations in performance, however, ATL's negative earnings lower the effectiveness of this method.

Simply Wall St -

What Does Atlatsa Resources Corporation's (TSE:ATL) Ownership Structure Look Like?

In this article, I'm going to take a look at Atlatsa Resources Corporation’s (TSX:ATL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: With a low level of institutional ownership, investors in ATL need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Atlatsa Resources Corporation (TSE:ATL)

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 2.24, Atlatsa Resources is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … ATL, with its market capitalisation of CA$19.25M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Is Atlatsa Resources Corporation's (TSE:ATL) CEO Salary Justified?

Check out our latest analysis for Atlatsa Resources What has been the trend in ATL's earnings? … Therefore I will use earnings as a proxy of Motaung's performance in the past year. … Usually I would use earnings and market cap to account for variations in performance, however, ATL's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Atlatsa Resources Corporation (TSE:ATL) And The Basic Materials Industry Prospect For 2017

Atlatsa Resources Corporation (TSX:ATL), a CADCA$13.75M small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … Below, I will examine the sector growth prospects, as well as evaluate whether Atlatsa Resources is lagging or leading its competitors in the industry. … If your initial investment thesis is around the growth prospects of Atlatsa Resources, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Who Are Atlatsa Resources Corporation's (TSX:ATL) Major Shareholders?

Insider Ownership Another important group of shareholders are company insiders. … General Public Ownership The general public holds 7.48% stake in ATL, thus, representing an important class of owners. … This size of ownership, while considerably large for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Simply Wall St -

ATL Company Info

Description

Atlatsa Resources Corporation, together with its subsidiaries, engages in the exploration and mining of platinum group metal properties in the Republic of South Africa. The company was formerly known as Anooraq Resources Corporation and changed its name to Atlatsa Resources Corporation in May 2012. The company was incorporated in 1983 and is headquartered in Johannesburg, South Africa. Atlatsa Resources Corporation is a subsidiary of Atlatsa Holdings Proprietary Limited.

Details
Name: Atlatsa Resources Corporation
ATL
Exchange: TSX
Founded: 1983
CA$43,993,979
549,924,744
Website: http://www.atlatsaresources.co.za
Address: Atlatsa Resources Corporation
North Wing – The Business Exchange,
2nd Floor,
Johannesburg,
Gauteng, 2146,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ATL Common Shares The Toronto Stock Exchange CA CAD 06. Aug 2002
OTCPK ATLR.F Common Shares Pink Sheets LLC US USD 06. Aug 2002
BST DH9 Common Shares Boerse-Stuttgart DE EUR 06. Aug 2002
JSE ATL Common Shares The Johannesburg Securities Exchange ZA ZAR 06. Aug 2002
Number of employees
Current staff
Staff numbers
248
Atlatsa Resources employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 23:32
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/05/15
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.