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Alderon Iron Ore

TSX:IRON
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IRON
TSX
CA$48M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Alderon Iron Ore Corp. engages in the acquisition, exploration, and development of mineral properties. The last earnings update was 134 days ago. More info.


Add to Portfolio Compare Print
  • Alderon Iron Ore has significant price volatility in the past 3 months.
IRON Share Price and Events
7 Day Returns
0%
TSX:IRON
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
11.3%
TSX:IRON
-5.9%
CA Metals and Mining
0.7%
CA Market
IRON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alderon Iron Ore (IRON) 0% -10.4% 43.8% 11.3% 130% -79.1%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • IRON outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • IRON outperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
IRON
Industry
5yr Volatility vs Market

IRON Value

 Is Alderon Iron Ore 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
  • It is not possible to calculate the future cash flow value for Alderon Iron Ore. This is due to cash flow or dividend data being unavailable. The share price is CA$0.345.
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 Alderon Iron Ore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alderon Iron Ore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:IRON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.04
TSX:IRON Share Price ** TSX (2019-03-20) in CAD CA$0.35
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Alderon Iron Ore.

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

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

= 0.35 ÷ -0.04

-9.85x

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

  • Alderon Iron Ore is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Alderon Iron Ore is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Alderon Iron Ore's expected growth come at a high price?
Raw Data
TSX:IRON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.85x
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 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*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 Alderon Iron Ore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alderon Iron Ore's assets?
Raw Data
TSX:IRON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.62
TSX:IRON Share Price * TSX (2019-03-20) in CAD CA$0.35
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:IRON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.35 ÷ 0.62

0.56x

* Primary Listing of Alderon Iron Ore.

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

  • Alderon Iron Ore is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Alderon Iron Ore'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. Alderon Iron Ore has a total score of 1/6, 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.

IRON Future Performance

 How is Alderon Iron Ore 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 Alderon Iron Ore 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alderon Iron Ore expected to grow at an attractive rate?
  • Unable to compare Alderon Iron Ore's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Alderon Iron Ore's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Alderon Iron Ore's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:IRON Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:IRON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months 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:IRON Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -13 -5
2018-06-30 -13 -12
2018-03-31 -13 -97
2017-12-31 -13 -97
2017-09-30 -3 -97
2017-06-30 -3 -88
2017-03-31 -3 -3
2016-12-31 -2 -3
2016-09-30 -3 -2
2016-06-30 -3 -4
2016-03-31 -3 -5
2015-12-31 -6 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Alderon Iron Ore is high growth as no earnings estimate data is available.
  • Unable to determine if Alderon Iron Ore 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:IRON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Alderon Iron Ore Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:IRON Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.04
2018-06-30 -0.09
2018-03-31 -0.73
2017-12-31 -0.73
2017-09-30 -0.73
2017-06-30 -0.67
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.03
2016-03-31 -0.04
2015-12-31 -0.04

*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 Alderon Iron Ore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of IRON’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. Alderon Iron Ore'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. Alderon Iron Ore'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 Alderon Iron Ore'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.
Alderon Iron Ore 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.

IRON Past Performance

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

TSX:IRON Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -4.70 3.91
2018-06-30 -12.08 4.05
2018-03-31 -97.08 3.65
2017-12-31 -97.11 3.39
2017-09-30 -96.53 3.90
2017-06-30 -88.04 3.76
2017-03-31 -3.25 3.78
2016-12-31 -2.61 3.65
2016-09-30 -2.25 2.71
2016-06-30 -3.96 5.32
2016-03-31 -5.15 6.28
2015-12-31 -5.61 6.98
2015-09-30 -6.76 8.26
2015-06-30 -6.00 7.38
2015-03-31 -8.23 7.71
2014-12-31 -7.84 8.30
2014-09-30 -7.58 8.93
2014-06-30 -8.63 9.67
2014-03-31 -6.65 10.58
2013-12-31 -11.87 14.37
2013-09-30 -23.90 24.53
2013-06-30 -47.62 45.07
2013-03-31 -62.22 56.21
2012-12-31 -71.48 65.02
2012-09-30 -72.34 68.04
2012-06-30 -57.41 54.91
2012-03-31 -46.51 46.40

*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 Alderon Iron Ore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Alderon Iron Ore 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 Alderon Iron Ore 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 Alderon Iron Ore'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.
Alderon Iron Ore 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.

IRON Health

 How is Alderon Iron Ore'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 Alderon Iron Ore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alderon Iron Ore's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alderon Iron Ore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alderon Iron Ore'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 not covered by short term assets, assets are 0.5x 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 Alderon Iron Ore Company Filings, last reported 5 months ago.

TSX:IRON Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 97.58 16.38 8.25
2018-06-30 97.14 14.80 6.70
2018-03-31 97.19 22.76 14.89
2017-12-31 98.62 22.49 15.83
2017-09-30 100.55 22.20 6.19
2017-06-30 110.38 21.93 7.32
2017-03-31 223.13 21.65 8.79
2016-12-31 225.02 21.41 10.11
2016-09-30 227.43 21.16 11.72
2016-06-30 228.79 20.92 12.48
2016-03-31 230.02 20.68 13.94
2015-12-31 231.54 20.56 14.84
2015-09-30 233.81 20.34 16.66
2015-06-30 237.80 20.13 17.56
2015-03-31 239.79 19.48 17.61
2014-12-31 242.98 19.25 21.44
2014-09-30 245.70 17.68 32.65
2014-06-30 247.66 17.41 50.54
2014-03-31 252.29 17.05 75.63
2013-12-31 249.42 0.00 95.37
2013-09-30 251.13 0.00 113.07
2013-06-30 253.39 0.00 136.18
2013-03-31 254.87 0.00 146.53
2012-12-31 140.49 0.00 34.31
2012-09-30 152.13 0.00 45.99
2012-06-30 105.78 0.00 17.33
2012-03-31 119.09 0.00 31.65
  • Alderon Iron Ore's level of debt (16.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 16.8% 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.

  • Alderon Iron Ore has less than a year of cash runway based on current free cash flow.
  • Alderon Iron Ore has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.5% each year.
X
Financial health checks
We assess Alderon Iron Ore'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. Alderon Iron Ore has a total score of 1/6, 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.

IRON Dividends

 What is Alderon Iron Ore'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 Alderon Iron Ore dividends.
If you bought CA$2,000 of Alderon Iron Ore 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 Alderon Iron Ore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alderon Iron Ore'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:IRON 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 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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

IRON Management

 What is the CEO of Alderon Iron Ore'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
Tayfun Eldem
COMPENSATION CA$152,434
TENURE AS CEO 1.1 years
CEO Bio

Mr. Tayfun Eldem, P.Eng., has been President, Chief Executive Officer and Director of Alderon Iron Ore Corp since February 5, 2018. Mr. Eldem served as the Chief Executive officer and President at Alderon Iron Ore Corp. from September 07, 2011 to August 24, 2015. Mr. Eldem served as Vice President of Expansion Projects & Engineering at Iron Ore Company of Canada Inc., and served as its Vice President of Operations & Engineering. He worked for the Iron Ore Company of Canada for more than 20 years. Mr. Eldem was accountable for the development and delivery of a nearly $2.0 billion program of green and brown fields expansion projects. His additional responsibilities included strategic and tactical oversight of clean air and GHG reduction programs and the execution of sustaining capital investments and mineral exploration. Mr. Eldem had been responsible for all of IOC's "Operations" including the mine, process plants, rail and port facilities. He led a team of about 2,000 to deliver two consecutive years of record annual material movement at the mine and record ore processing through the concentrator. He served as the Chairman of Mason Graphite Inc., from February 26, 2013 to February 16, 2016. He served as Vice Chairman of Alderon Iron Ore Corp. from August 24, 2015 to June 16, 2016. He has been a Director of Alderon Iron Ore Corp. since January 23, 2017. He has been a Member of Advisory Board at Canada Jetlines Ltd. since February 5, 2018. He has been an Independent Director at Ridgemont Iron Ore Corp. since July 2012. He served as a Director of Alderon Iron Ore Corp. from September 30, 2011 to June 16, 2016. He served as a Director of Mason Graphite Inc. from November 23, 2012 to February 16, 2016. Mr. Eldem holds a Bachelor of Engineering Degree from Dalhousie University along with Operations & Strategic Management Certificates from Richard Ivey School of Business and London Business School.

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

Average tenure and age of the Alderon Iron Ore management team in years:

5.8
Average Tenure
51
Average Age
  • The average tenure for the Alderon Iron Ore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Morabito

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
CA$330K
AGE
51

Tayfun Eldem

TITLE
President
COMPENSATION
CA$152K
TENURE
1.1 yrs

Kate-Lynn Genzel

TITLE
Chief Financial Officer
COMPENSATION
CA$44K
AGE
31
TENURE
3.3 yrs

Olen Aasen

TITLE
General Counsel & Corporate Secretary
TENURE
6.5 yrs

Jennifer Paterson

TITLE
Director of Corporate Development

Edward Lyons

TITLE
Chief Geologist

Gary Norris

TITLE
Executive Vice President of Government & Community Affairs
COMPENSATION
CA$592K
TENURE
7.7 yrs

John Harper

TITLE
Consultant

Sheila Paine

TITLE
Assistant Corporate Secretary
AGE
64
TENURE
8.1 yrs

Danny Williams

TITLE
Consultant & Special Advisor
COMPENSATION
CA$20K
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Alderon Iron Ore board of directors in years:

1.5
Average Tenure
64
Average Age
  • The average tenure for the Alderon Iron Ore board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tayfun Eldem

TITLE
President
COMPENSATION
CA$152K
TENURE
1.1 yrs

Dave Porter

TITLE
Director
COMPENSATION
CA$37K
TENURE
8.3 yrs

Mark Morabito

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
CA$330K
AGE
51
TENURE
7.5 yrs

William Loader

TITLE
Director
COMPENSATION
CA$37K
AGE
70
TENURE
4.8 yrs

John Baker

TITLE
Director
AGE
64
TENURE
0.9 yrs

Andrew Furey

TITLE
Director
COMPENSATION
CA$93K
TENURE
1.9 yrs

Wayne Wei

TITLE
Director
TENURE
0.8 yrs

Rolland Morier

TITLE
Director
TENURE
0.8 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$) Value (CA$)
16. Jul 18 Buy Altius Minerals Corporation Company 10. Jul 18 10. Jul 18 687,290 CA$0.29 CA$196,427
X
Management checks
We assess Alderon Iron Ore'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. Alderon Iron Ore 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.

IRON News

Simply Wall St News

Should You Have Alderon Iron Ore Corp's (TSE:IRON) In Your Portfolio?

If you are looking to invest in Alderon Iron Ore Corp’s (TSX:IRON), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … View our latest analysis for Alderon Iron Ore An interpretation of IRON's beta Alderon Iron Ore 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. … As a result, this aspect of IRON indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Are Alderon Iron Ore Corp's (TSE:IRON) Interest Costs Too High?

How does IRON’s operating cash flow stack up against its debt? … At this current level of debt, IRON currently has CA$10.11M remaining in cash and short-term investments , ready to deploy into the business. … Risk around debt is very low for IRON, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: IRON’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

IRON Company Info

Description

Alderon Iron Ore Corp. engages in the acquisition, exploration, and development of mineral properties. Its principal asset is the Kami iron ore project that comprises 283 claim units covering an area of 7,075 hectares located in Western Labrador, Canada. The company was formerly known as Alderon Resource Corp. and changed its name to Alderon Iron Ore Corp. in September 2011. Alderon Iron Ore Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.

Details
Name: Alderon Iron Ore Corp.
IRON
Exchange: TSX
Founded: 1978
CA$47,707,593
138,282,880
Website: http://www.alderonironore.com
Address: Alderon Iron Ore Corp.
1140 West Pender Street,
Suite 1240,
Vancouver,
British Columbia, V6E 4G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX IRON Common Shares The Toronto Stock Exchange CA CAD 02. Oct 1989
OTCPK AXXD.F Common Shares Pink Sheets LLC US USD 02. Oct 1989
DB TUV3 Common Shares Deutsche Boerse AG DE EUR 02. Oct 1989
Number of employees
Current staff
Staff numbers
0
Alderon Iron Ore employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:19
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.