Loading...

North American Palladium

TSX:PDL
Snowflake Description

Flawless balance sheet with outstanding track record.

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

North American Palladium Ltd. produces precious metals in Canada. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • North American Palladium has significant price volatility in the past 3 months.
PDL Share Price and Events
7 Day Returns
6.8%
TSX:PDL
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
88.4%
TSX:PDL
-5.9%
CA Metals and Mining
0.7%
CA Market
PDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
North American Palladium (PDL) 6.8% 28.9% 84.9% 88.4% 278.2% -90.6%
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
  • PDL outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • PDL outperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
PDL
Industry
5yr Volatility vs Market

Value

 Is North American Palladium 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 North American Palladium 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 North American Palladium.

TSX:PDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
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:PDL
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 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (4.18%))
1.145
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.145 * 5.96%)
8.77%

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

The calculations below outline how an intrinsic value for North American Palladium 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:PDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.77%)
2019 122.00 Analyst x1 112.16
2020 124.00 Analyst x1 104.80
2021 156.00 Analyst x1 121.22
2022 146.00 Analyst x1 104.30
2023 165.00 Analyst x1 108.36
2024 174.80 Est @ 5.94% 105.54
2025 183.09 Est @ 4.74% 101.63
2026 190.24 Est @ 3.9% 97.08
2027 196.55 Est @ 3.32% 92.21
2028 202.26 Est @ 2.91% 87.24
Present value of next 10 years cash flows CA$1,034.54
TSX:PDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$202.26 × (1 + 1.95%) ÷ (8.77% – 1.95%)
CA$3,020.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$3,020.83 ÷ (1 + 8.77%)10
CA$1,302.91
TSX:PDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,034.54 + CA$1,302.91
CA$2,337.45
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,337.45 / 58.84
CA$39.72
TSX:PDL Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$39.72
Current discount Discount to share price of CA$19.97
= -1 x (CA$19.97 - CA$39.72) / CA$39.72
49.7%

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

Current Discount
Amount off the current price North American Palladium is available for.
Intrinsic value
50%
Share price is CA$19.97 vs Future cash flow value of CA$39.72
Current Discount Checks
For North American Palladium to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • North American Palladium's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • North American Palladium'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 North American Palladium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are North American Palladium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$2.05
TSX:PDL Share Price ** TSX (2019-03-20) in CAD CA$19.97
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 North American Palladium.

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

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

= 19.97 ÷ 2.05

9.74x

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

  • North American Palladium is good value based on earnings compared to the CA Metals and Mining industry average.
  • North American Palladium is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does North American Palladium's expected growth come at a high price?
Raw Data
TSX:PDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 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 North American Palladium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on North American Palladium's assets?
Raw Data
TSX:PDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$9.34
TSX:PDL Share Price * TSX (2019-03-20) in CAD CA$19.97
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:PDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.97 ÷ 9.34

2.14x

* Primary Listing of North American Palladium.

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

  • North American Palladium is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess North American Palladium'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. North American Palladium has a total score of 4/6, 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 North American Palladium expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
4.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is North American Palladium expected to grow at an attractive rate?
  • Unable to compare North American Palladium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare North American Palladium's earnings growth to the Canada market average as no estimate data is available.
  • North American Palladium's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PDL Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PDL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.3%
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:PDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PDL Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 494 196 1
2022-12-31 491 193 1
2021-12-31 512 205 1
2020-12-31 464 208 1
2019-12-31 435 206 1
TSX:PDL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 397 108 119
2018-09-30 361 124 50
2018-06-30 339 105 40
2018-03-31 315 97 40
2017-12-31 272 94 36
2017-09-30 231 42 9
2017-06-30 209 29 -5
2017-03-31 179 5 -28
2016-12-31 167 -9 -38
2016-09-30 159 1 -38
2016-06-30 175 -16 -105
2016-03-31 162 -11 -192

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if North American Palladium is high growth as no earnings estimate data is available.
  • North American Palladium's revenue is expected to grow by 4.3% 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:PDL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from North American Palladium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PDL Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
TSX:PDL Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 2.05
2018-09-30 0.86
2018-06-30 0.68
2018-03-31 0.68
2017-12-31 0.62
2017-09-30 0.15
2017-06-30 -0.08
2017-03-31 -0.49
2016-12-31 -0.65
2016-09-30 -0.66
2016-06-30 -2.04
2016-03-31 -5.15

*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 North American Palladium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess North American Palladium'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.
North American Palladium 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.

Past Performance

  How has North American Palladium 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 North American Palladium'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.
  • North American Palladium has delivered over 20% year on year earnings growth in the past 5 years.
  • North American Palladium's 1-year earnings growth exceeds its 5-year average (230.2% vs 45.6%)
  • North American Palladium's earnings growth has exceeded the CA Metals and Mining industry average in the past year (230.2% vs -23.7%).
Earnings and Revenue History
North American Palladium'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 North American Palladium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PDL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 396.80 119.20 19.00
2018-09-30 361.40 50.20 18.60
2018-06-30 338.50 39.50 18.20
2018-03-31 314.70 39.70 17.30
2017-12-31 272.40 36.10 13.20
2017-09-30 231.30 8.90 10.50
2017-06-30 209.10 -4.90 9.60
2017-03-31 178.70 -28.20 9.30
2016-12-31 166.90 -37.50 10.40
2016-09-30 158.50 -38.40 12.60
2016-06-30 174.70 -105.30 16.10
2016-03-31 162.10 -192.20 17.30
2015-12-31 193.60 -216.40 19.50
2015-09-30 230.40 -213.90 20.60
2015-06-30 212.20 -164.20 19.40
2015-03-31 235.40 -77.30 19.70
2014-12-31 220.10 -66.70 17.90
2014-09-30 185.25 -67.15 16.68
2014-06-30 172.10 -53.68 18.77
2014-03-31 154.81 -70.04 18.75
2013-12-31 153.20 -48.70 23.10
2013-09-30 156.02 -40.69 27.24
2013-06-30 158.86 -41.27 26.23
2013-03-31 166.21 -16.91 27.78
2012-12-31 160.70 -11.40 26.52
2012-09-30 135.57 4.49 18.94
2012-06-30 137.69 7.58 18.04
2012-03-31 148.53 14.86 21.31

*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.
  • North American Palladium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • North American Palladium used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • North American Palladium has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess North American Palladium'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.
North American Palladium has a total score of 6/6, 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 North American Palladium'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 North American Palladium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • North American Palladium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • North American Palladium's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of North American Palladium'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 2.8x 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 North American Palladium Company Filings, last reported 2 months ago.

TSX:PDL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 549.70 49.10 12.30
2018-09-30 470.00 74.30 20.30
2018-06-30 463.80 82.10 13.90
2018-03-31 448.30 102.90 20.70
2017-12-31 427.80 85.60 11.10
2017-09-30 427.20 105.70 12.90
2017-06-30 416.00 107.60 16.80
2017-03-31 407.90 123.30 18.10
2016-12-31 411.50 108.80 15.00
2016-09-30 424.30 90.70 9.00
2016-06-30 425.80 71.60 3.80
2016-03-31 435.40 53.80 3.70
2015-12-31 448.30 47.10 11.20
2015-09-30 462.10 43.70 16.10
2015-06-30 92.50 405.40 21.20
2015-03-31 189.20 305.60 10.40
2014-12-31 224.40 281.70 4.10
2014-09-30 235.21 256.92 11.81
2014-06-30 253.23 273.39 44.40
2014-03-31 227.14 268.57 22.07
2013-12-31 222.50 239.10 9.80
2013-09-30 233.95 204.14 18.30
2013-06-30 228.90 211.77 45.62
2013-03-31 245.42 152.95 24.90
2012-12-31 246.90 130.40 20.17
2012-09-30 297.64 131.33 23.46
2012-06-30 298.30 98.29 23.89
2012-03-31 268.89 83.60 17.31
  • North American Palladium's level of debt (8.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (107.6% vs 8.9% today).
  • Debt is well covered by operating cash flow (220.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.6x coverage).
X
Financial health checks
We assess North American Palladium'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. North American Palladium has a total score of 6/6, 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 North American Palladium'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
0.6%
Current annual income from North American Palladium dividends.
If you bought CA$2,000 of North American Palladium shares you are expected to receive CA$12 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?
  • North American Palladium's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
  • North American Palladium's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
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:PDL 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 1 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.

TSX:PDL Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
TSX:PDL Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.120 0.661

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

  • North American Palladium is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • North American Palladium is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of North American Palladium's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of North American Palladium's dividends as it is not paying a notable one for Canada.
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 North American Palladium'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 North American Palladium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. North American Palladium 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 North American Palladium'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
Jim Gallagher
COMPENSATION CA$1,295,372
TENURE AS CEO 3.6 years
CEO Bio

Mr. James E. Gallagher, also known as Jim, B.Eng, has been the Chief Executive Officer and President of North American Palladium Ltd. since August 12, 2015. Mr. Gallagher served as Chief Operating Officer of North American Palladium Ltd. from October 1, 2013 to August 12, 2015. Mr. Gallagher is a seasoned mining executive with over 30 years of experience in a series of roles spanning operations, projects, engineering, technology and consulting. Mr. Gallagher served as a Global Director of Mining at Hatch Ltd., leading one of the largest mining EPCM teams in North America. Over his career, he has benchmarked mining and tunnelling operations on a global basis and has expertise in rapid development methodologies, mining methods, deep mining and the practical application of technology. with a mandate to build the firm's global underground capability, where he led the firm's global mining group involved in transitioning projects to normal operations. Prior to Hatch, the foundational part of his experience came from his 24-year career at Falconbridge in a variety of operations and project management roles, most of which were based in Northern Ontario. He also has a track record for identifying improvement opportunities and building out technical capabilities. He was a Director of Continental Gold Inc. since January 1, 2017 until January 8, 2019. Mr. Gallagher holds a Bachelor of Engineering Degree in Mining Engineering degree from Laurentian University in Canada.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year.
  • Jim's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the North American Palladium management team in years:

3.1
Average Tenure
  • The tenure for the North American Palladium management team is about average.
Management Team

Jim Gallagher

TITLE
President & CEO
COMPENSATION
CA$1M
TENURE
3.6 yrs

Tim Hill

TITLE
VP of Finance & CFO
COMPENSATION
CA$539K
TENURE
3.1 yrs

Erin Satterthwaite

TITLE
Vice President of Corporate Affairs and Communications

Wayne Scott

TITLE
Vice President of Human Resources
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the North American Palladium board of directors in years:

4.2
Average Tenure
60
Average Age
  • The tenure for the North American Palladium board of directors is about average.
Board of Directors

J. Gordon

TITLE
Chairman of the Board
AGE
57
TENURE
4.2 yrs

John Jentz

TITLE
Director
COMPENSATION
CA$70K
AGE
47
TENURE
4.8 yrs

Dean Chambers

TITLE
Director
COMPENSATION
CA$73K
AGE
63
TENURE
4.2 yrs

Greg Fauquier

TITLE
Independent Director
COMPENSATION
CA$70K
AGE
67
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess North American Palladium'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. North American Palladium 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

How Does North American Palladium Ltd (TSE:PDL) Affect Your Portfolio Volatility?

If you're interested in North American Palladium Ltd (TSE:PDL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced 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.

Simply Wall St -

How Should Investors Feel About North American Palladium Ltd's (TSE:PDL) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jim Gallagher's Compensation Compare With Similar Sized Companies. … According to our data, North American Palladium Ltd has a market capitalization of CA$616m, and pays its CEO total annual compensation worth CA$1m.

Simply Wall St -

Why North American Palladium Ltd's (TSE:PDL) ROE Of 8.86% Does Not Tell The Whole Story

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … North American Palladium Ltd (TSE:PDL) performed in line with its precious metals and minerals industry on the basis of its ROE – producing a return of 8.86% relative to the peer average of 11.58% over the past 12 months. … See our latest analysis for North American Palladium

Simply Wall St -

What does North American Palladium Ltd's (TSE:PDL) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like North American Palladium Ltd (TSE:PDL), with a market cap of CA$549.88m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Is North American Palladium Ltd (TSE:PDL) A Sell At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in North American Palladium Ltd (TSE:PDL). … North American Palladium Ltd (TSE:PDL) is trading with a trailing P/E of 15.8x, which is higher than the industry average of 11x. … While PDL might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Is North American Palladium Ltd (TSX:PDL) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PDL Price per share = CA$7.5 Earnings per share = CA$0.038 ∴ Price-Earnings Ratio = CA$7.5 ÷ CA$0.038 = 198.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with PDL, then PDL’s P/E would naturally be higher since investors would reward PDL’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with PDL, PDL’s P/E would again be higher since investors would reward PDL’s lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine that is located to the northwest of Thunder Bay, Ontario. The company was founded in 1968 and is headquartered in Toronto, Canada.

Details
Name: North American Palladium Ltd.
PDL
Exchange: TSX
Founded: 1968
CA$1,175,050,436
58,840,783
Website: http://www.nap.com
Address: North American Palladium Ltd.
One University Avenue,
Suite 1601,
Toronto,
Ontario, M5J 2P1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PDL Common Shares The Toronto Stock Exchange CA CAD 13. Dec 1972
OTCPK PALD.F Common Shares Pink Sheets LLC US USD 13. Dec 1972
DB NAPN Common Shares Deutsche Boerse AG DE EUR 13. Dec 1972
BST NAPN Common Shares Boerse-Stuttgart DE EUR 13. Dec 1972
LSE 0V9Y Common Shares London Stock Exchange GB CAD 13. Dec 1972
Number of employees
Current staff
Staff numbers
582
North American Palladium employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:42
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/18
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
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.