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Sherritt International

TSX:S
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S
TSX
CA$169M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. The last earnings update was 22 days ago. More info.


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S Share Price and Events
7 Day Returns
-2.3%
TSX:S
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-66.3%
TSX:S
-7%
CA Metals and Mining
1.2%
CA Market
S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sherritt International (S) -2.3% -1.2% 9% -66.3% -48.2% -88.3%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • S underperformed the Metals and Mining industry which returned -7% over the past year.
  • S underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
S
Industry
5yr Volatility vs Market

S Value

 Is Sherritt International 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 Sherritt International 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sherritt International.

TSX:S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
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:S
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))
= 1.177 (1 + (1- 26.5%) (417.96%))
3.54
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

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

The calculations below outline how an intrinsic value for Sherritt International 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:S DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 -45.00 Analyst x1 -39.52
2020 -26.00 Analyst x1 -20.05
2021 81.00 Analyst x1 54.86
2022 109.00 Analyst x1 64.84
2023 138.00 Analyst x1 72.09
2024 161.50 Est @ 17.03% 74.10
2025 181.70 Est @ 12.51% 73.21
2026 198.67 Est @ 9.34% 70.30
2027 212.82 Est @ 7.12% 66.14
2028 224.67 Est @ 5.57% 61.32
Present value of next 10 years cash flows CA$477.28
TSX:S DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$224.67 × (1 + 1.95%) ÷ (13.87% – 1.95%)
CA$1,921.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,921.53 ÷ (1 + 13.87%)10
CA$524.41
TSX:S Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$477.28 + CA$524.41
CA$1,001.69
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,001.69 / 397.28
CA$2.52
TSX:S Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$2.52
Current discount Discount to share price of CA$0.43
= -1 x (CA$0.43 - CA$2.52) / CA$2.52
83.1%

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

Current Discount
Amount off the current price Sherritt International is available for.
Intrinsic value
>50%
Share price is CA$0.43 vs Future cash flow value of CA$2.52
Current Discount Checks
For Sherritt International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sherritt International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sherritt International'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 Sherritt International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sherritt International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.21
TSX:S Share Price ** TSX (2019-03-19) in CAD CA$0.43
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

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

** Primary Listing of Sherritt International.

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

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

= 0.43 ÷ -0.21

-2.07x

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

  • Sherritt International is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Sherritt International is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Sherritt International's expected growth come at a high price?
Raw Data
TSX:S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
61.1%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.21x

*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 Sherritt International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sherritt International's assets?
Raw Data
TSX:S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$2.85
TSX:S Share Price * TSX (2019-03-19) in CAD CA$0.43
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSX:S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.43 ÷ 2.85

0.15x

* Primary Listing of Sherritt International.

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

  • Sherritt International is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Sherritt International'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. Sherritt International has a total score of 3/6, 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.

S Future Performance

 How is Sherritt International expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
61.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sherritt International expected to grow at an attractive rate?
  • Sherritt International's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Sherritt International's earnings growth is expected to exceed the Canada market average.
  • Sherritt International's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:S Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 61.1%
TSX:S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -4.6%
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 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:S Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 135 15 111 2
2022-12-31 135 9 81 2
2021-12-31 141 4 35 2
2020-12-31 169 -53 -38 3
2019-12-31 182 -18 -76 3
TSX:S Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 153 -1 -80
2018-09-30 171 -46 542
2018-06-30 204 -33 486
2018-03-31 234 -24 381
2017-12-31 267 -15 309
2017-09-30 283 -5 -354
2017-06-30 278 31 -405
2017-03-31 276 23 -407
2016-12-31 262 -6 -382
2016-09-30 268 16 -2,030
2016-06-30 287 25 -2,119
2016-03-31 311 13 -2,063

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sherritt International's earnings are expected to grow significantly at over 20% yearly.
  • Sherritt International's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:S 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 3 Analyst Estimates (S&P Global) See Below

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

TSX:S Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.27 0.27 0.27 1.00
2022-12-31 0.19 0.19 0.19 1.00
2021-12-31 0.08 0.08 0.08 1.00
2020-12-31 -0.09 -0.09 -0.09 1.00
2019-12-31 -0.19 -0.19 -0.19 1.00
TSX:S Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.21
2018-09-30 1.48
2018-06-30 1.43
2018-03-31 1.21
2017-12-31 1.04
2017-09-30 -1.20
2017-06-30 -1.38
2017-03-31 -1.38
2016-12-31 -1.30
2016-09-30 -6.90
2016-06-30 -7.21
2016-03-31 -7.02

*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 Sherritt International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sherritt International'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.
Sherritt International has a total score of 3/6, 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.

S Past Performance

  How has Sherritt International 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 Sherritt International'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.
  • Sherritt International does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sherritt International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sherritt International's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Sherritt International'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 Sherritt International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:S Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 152.90 -80.20 27.00
2018-09-30 170.60 541.80 43.40
2018-06-30 204.00 485.60 53.70
2018-03-31 234.30 380.90 51.00
2017-12-31 267.30 308.90 60.20
2017-09-30 283.00 -353.60 52.30
2017-06-30 278.20 -404.90 49.80
2017-03-31 276.30 -406.60 52.60
2016-12-31 262.30 -381.80 51.10
2016-09-30 268.30 -2,029.50 51.50
2016-06-30 286.70 -2,118.70 45.20
2016-03-31 311.40 -2,062.70 44.20
2015-12-31 335.90 -2,071.70 44.20
2015-09-30 361.00 -462.10 46.10
2015-06-30 387.00 -303.40 54.80
2015-03-31 417.60 -304.80 58.60
2014-12-31 455.60 -318.50 66.70
2014-09-30 462.60 -313.40 76.20
2014-06-30 470.90 -260.20 76.80
2014-03-31 462.40 -226.40 83.50
2013-12-31 448.50 -158.50 84.70
2013-09-30 -262.80 -49.80 69.80
2013-06-30 -32.50 -74.30 71.50
2013-03-31 222.90 -23.00 72.90
2012-12-31 475.30 12.30 71.70
2012-09-30 1,614.80 74.60 90.30
2012-06-30 1,739.70 143.00 88.30
2012-03-31 1,863.20 167.20 88.60

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

S Health

 How is Sherritt International'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 Sherritt International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sherritt International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sherritt International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sherritt International'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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 Sherritt International Company Filings, last reported 2 months ago.

TSX:S Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,130.90 705.70 207.00
2018-09-30 1,138.00 696.00 207.10
2018-06-30 1,166.20 694.80 197.20
2018-03-31 1,146.40 698.40 237.30
2017-12-31 1,056.30 824.10 203.00
2017-09-30 765.80 2,153.40 291.30
2017-06-30 884.40 2,210.20 274.20
2017-03-31 1,008.20 2,197.00 300.70
2016-12-31 1,097.90 2,228.20 308.60
2016-09-30 1,151.60 2,141.20 345.20
2016-06-30 1,242.70 2,152.10 312.60
2016-03-31 1,340.30 2,128.10 369.90
2015-12-31 1,557.10 2,263.10 435.40
2015-09-30 3,195.30 2,104.70 373.80
2015-06-30 3,171.70 1,987.60 398.30
2015-03-31 3,281.50 1,966.00 477.70
2014-12-31 3,058.70 1,859.90 477.20
2014-09-30 3,128.60 2,214.00 980.30
2014-06-30 3,037.70 2,164.10 965.90
2014-03-31 3,176.70 2,529.50 603.90
2013-12-31 3,107.20 2,490.50 657.80
2013-09-30 3,708.30 2,215.70 383.50
2013-06-30 3,769.70 2,255.60 425.90
2013-03-31 3,707.90 2,206.20 468.10
2012-12-31 3,645.90 2,207.30 530.00
2012-09-30 3,674.00 2,479.60 961.10
2012-06-30 3,788.40 1,940.90 506.90
2012-03-31 3,715.20 1,848.30 621.20
  • Sherritt International's level of debt (62.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.1% vs 62.4% 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.

  • Sherritt International has sufficient cash runway for more than 3 years based on current free cash flow.
  • Sherritt International has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 27.8% each year.
X
Financial health checks
We assess Sherritt International'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. Sherritt International has a total score of 4/6, 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.

S Dividends

 What is Sherritt International'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 Sherritt International dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Sherritt International 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 Sherritt International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sherritt International'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:S 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 3 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 2.1%
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.

TSX:S Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.00 1.00
TSX:S Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-04-26 0.000 0.000
2017-02-16 0.000 0.000
2016-10-25 0.000 0.000
2016-07-25 0.000 0.000
2016-04-26 0.000 0.000
2016-02-10 0.000 0.000
2015-10-27 0.000 0.000
2015-06-16 0.040 3.409
2015-02-11 0.040 1.711
2014-11-12 0.040 1.627
2014-09-19 0.040 1.399
2014-06-18 0.040 0.943
2014-04-30 0.040 0.878
2014-02-19 0.040 1.080
2013-11-13 0.172 5.024
2013-09-11 0.172 4.723
2013-06-12 0.172 4.338
2013-02-26 0.172 3.606
2012-11-14 0.152 2.778
2012-09-12 0.152 3.181
2012-06-13 0.152 3.261
2012-02-15 0.152 2.735
2011-11-16 0.152 2.626
2011-09-14 0.152 3.075
2011-06-15 0.152 2.653
2011-02-16 0.152 1.971
2010-11-17 0.152 1.787
2010-09-15 0.144 1.814
2010-06-16 0.144 2.156
2010-02-17 0.144 1.923
2009-11-18 0.144 2.166
2009-09-16 0.144 1.947
2009-06-17 0.144 2.380
2009-03-20 0.144 3.331

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

  • Unable to perform a dividend volatility check as Sherritt International has not reported any payouts.
  • Unable to verify if Sherritt International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sherritt International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sherritt International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Sherritt International's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Sherritt International'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 Sherritt International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sherritt International 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.

S Management

 What is the CEO of Sherritt International'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
David Pathe
COMPENSATION CA$3,406,455
AGE 47
TENURE AS CEO 7.2 years
CEO Bio

Mr. David V. Pathe has been the Chief Executive Officer and President of Sherritt International Corporation since January 1, 2012. Mr. Pathe served as the Chief Financial Officer of Sherritt International Corporation from March 1, 2011 to February 1, 2012. He served as a Corporate Secretary and General Counsel of Sherritt International Corporation since October 2008 and as its Senior Vice President since July 2009. He has been the Chairman at Sherritt International Corporation since June 13, 2017. Mr. Pathe has been a Non-Independent Director at Sherritt International Corporation since January 1, 2012. Mr. Pathe holds a B.A. from Queen's University and a LL.B from the University of British Columbia.

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

Average tenure of the Sherritt International management team in years:

5.3
Average Tenure
  • The average tenure for the Sherritt International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Pathe

TITLE
Chairman
COMPENSATION
CA$3M
AGE
47
TENURE
7.2 yrs

Andrew Snowden

TITLE
Senior VP & CFO
COMPENSATION
CA$857K
TENURE
2.2 yrs

Steve Wood

TITLE
Executive VP & COO
COMPENSATION
CA$1M
TENURE
3.9 yrs

Elvin Saruk

TITLE
Senior Vice President of Oil
COMPENSATION
CA$1M
TENURE
6.9 yrs

Tim Dobson

TITLE
Senior Vice President of Metals
COMPENSATION
CA$2M
TENURE
1.5 yrs

John Marsh

TITLE
Director of Technologies Projects

Susan Earle

TITLE
Vice President of Administration and Controller
AGE
63
TENURE
15.8 yrs

Joe Racanelli

TITLE
Director of Investor Relations

Ward Sellers

TITLE
Senior VP
COMPENSATION
CA$1M
TENURE
5.4 yrs

Karen Trenton

TITLE
Senior Vice President of Human Resources
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Sherritt International board of directors in years:

3.3
Average Tenure
65.5
Average Age
  • The tenure for the Sherritt International board of directors is about average.
Board of Directors

David Pathe

TITLE
Chairman
COMPENSATION
CA$3M
AGE
47
TENURE
1.8 yrs

Richard Lapthorne

TITLE
Corporate Director
COMPENSATION
CA$185K
AGE
75
TENURE
7.5 yrs

Lisa Pankratz

TITLE
Corporate Director
COMPENSATION
CA$188K
AGE
57
TENURE
5.3 yrs

R. Gillin

TITLE
Lead Director
COMPENSATION
CA$211K
AGE
69
TENURE
1.8 yrs

William Loader

TITLE
Corporate Director
COMPENSATION
CA$193K
AGE
70
TENURE
5.7 yrs

Tim Baker

TITLE
Corporate Director
COMPENSATION
CA$185K
AGE
66
TENURE
4.8 yrs

John Warwick

TITLE
Corporate Director
COMPENSATION
CA$98K
AGE
65
TENURE
1.8 yrs

Maryse Belanger

TITLE
Director
AGE
57
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sherritt International insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
27. Dec 18 Buy Stephen Wood Individual 21. Dec 18 21. Dec 18 52,000 CA$0.38 CA$19,500
26. Dec 18 Buy Karen Trenton Individual 21. Dec 18 21. Dec 18 129,700 CA$0.39 CA$49,795
20. Dec 18 Buy Andrew Snowden Individual 20. Dec 18 20. Dec 18 120,000 CA$0.41 CA$48,550
06. Nov 18 Buy Edward Sellers Individual 05. Nov 18 05. Nov 18 14,500 CA$0.65 CA$9,425
X
Management checks
We assess Sherritt International'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. Sherritt International 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.

S News

Simply Wall St News

Can We See Significant Institutional Ownership On The Sherritt International Corporation (TSE:S) Share Register?

If you want to know who really controls Sherritt International Corporation (TSE:S), then you'll have to look at the makeup of its share registry. … Sherritt International is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

What does Sherritt International Corporation's (TSE:S) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Sherritt International Corporation (TSE:S), with a market cap of CA$177m. … However, an important fact which most ignore is: how financially healthy is the business? … since poor capital management may bring about bankruptcies,

Simply Wall St -

How Many Sherritt International Corporation (TSE:S) Shares Do Institutions Own?

The big shareholder groups in Sherritt International Corporation (TSE:S) have power over the company. … Sherritt International is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

Is Sherritt International Corporation (TSE:S) A Financially Sound Company?

Sherritt International Corporation (TSE:S) is a small-cap stock with a market capitalization of CA$246m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

Is Sherritt International Corporation's (TSE:S) CEO Pay Justified?

David Pathe took the helm as Sherritt International Corporation's (TSE:S) CEO and grew market cap to CA$337.63m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Who Are The Top Investors In Sherritt International Corporation (TSE:S)?

Today, I will be analyzing Sherritt International Corporation’s (TSE:S) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine S's ownership structure in more detail.

Simply Wall St -

Should You Be Tempted To Sell Sherritt International Corporation (TSE:S) Because Of Its PE Ratio?

considerably lower than the 10.51x average multiple of the CA Metals and Mining. … However, a static multiple such as PE is never conclusive on its own. … Below, I will lay out some important considerations to help determine which multiple best suits

Simply Wall St -

Should You Be Tempted To Buy Sherritt International Corporation (TSE:S) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Sherritt International Corporation (TSE:S)’s fundamentals and stock market performance. … While S might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Want To Invest In Sherritt International Corporation (TSX:S)? Here's How It Performed Lately

Assessing Sherritt International Corporation's (TSX:S) past track record of performance is a valuable exercise for investors. … Check out our latest analysis for Sherritt International How S fared against its long-term earnings performance and its industry For the most up-to-date info, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Though Sherritt International's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

What Does Sherritt International Corporation's (TSX:S) Share Price Indicate?

So, could S still be trading at a low price relative to its actual value? … I find that S’s ratio of 0.5x is trading slightly below its industry peers’ ratio of 1.1x, which means if you buy S today, you’d be paying a relatively fair price for it. … It seems like the market has already priced in S’s positive outlook, with shares trading around its fair value.

Simply Wall St -

S Company Info

Description

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada. The company also explores for and produces oil and gas primarily from offshore reservoirs located in the north coast of Cuba. It has interests in four production-sharing contracts; working-interests in various oil fields and related production platform located in the Gulf of Valencia in Spain; and a working interest in a natural gas field in Pakistan. In addition, the company produces and sells by-products, such as condensate and liquefied petroleum gas; and crystalline ammonium sulphate primarily into agricultural markets in Africa and Asia, as well as generates and sells electricity from natural gas and steam facilities. As at December 31, 2018, its facilities had a total capacity of 506 megawatts. The company operates two combined cycle plants at Varadero and Boca de Jaruco; and has two nickel deposits located near Moramanga in Madagascar. Sherritt International Corporation was founded in 1927 and is headquartered in Toronto, Canada.

Details
Name: Sherritt International Corporation
S
Exchange: TSX
Founded: 1927
CA$168,844,717
397,281,688
Website: http://www.sherritt.com
Address: Sherritt International Corporation
Bay Adelaide Centre,
East Tower,
Toronto,
Ontario, M5H 4E3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX S Restricted Voting Shares The Toronto Stock Exchange CA CAD 19. Jun 1996
OTCPK SHER.F Restricted Voting Shares Pink Sheets LLC US USD 19. Jun 1996
DB HRT Restricted Voting Shares Deutsche Boerse AG DE EUR 19. Jun 1996
Number of employees
Current staff
Staff numbers
6,963
Sherritt International employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:42
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/25
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.