TSX:S

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Sherritt International

Executive Summary

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. More Details

Risk Analysis

No risks detected for S from our risk checks.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Sherritt International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

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


Market Performance


7 Day Return

0%

S

5.0%

CA Metals and Mining

0.04%

CA Market


1 Year Return

73.0%

S

40.9%

CA Metals and Mining

1.3%

CA Market

Return vs Industry: S exceeded the Canadian Metals and Mining industry which returned 39.3% over the past year.

Return vs Market: S exceeded the Canadian Market which returned 0.7% over the past year.


Shareholder returns

SIndustryMarket
7 Day0%5.0%0.04%
30 Day23.1%-3.1%10.9%
90 Day56.1%-8.1%7.2%
1 Year73.0%73.0%42.1%40.9%5.0%1.3%
3 Year-76.5%-76.5%52.5%49.2%13.5%2.4%
5 Year-53.6%-53.6%150.6%143.0%54.2%30.5%

Long-Term Price Volatility Vs. Market

How volatile is Sherritt International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sherritt International undervalued compared to its fair value and its price relative to the market?

0.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: S (CA$0.32) is trading above our estimate of fair value (CA$0.18)

Significantly Below Fair Value: S is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: S is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: S is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

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

-18.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if S's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if S's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: S's revenue is expected to decline over the next 3 years (-18.3% per year).

High Growth Revenue: S's revenue is forecast to decline over the next 3 years (-18.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if S's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sherritt International performed over the past 5 years?

45.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S is currently unprofitable.

Growing Profit Margin: S is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: S is unprofitable, but has reduced losses over the past 5 years at a rate of 45.7% per year.

Accelerating Growth: Unable to compare S's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: S is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).


Return on Equity

High ROE: S has a negative Return on Equity (-47.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sherritt International's financial position?


Financial Position Analysis

Short Term Liabilities: S's short term assets (CA$407.0M) exceed its short term liabilities (CA$197.4M).

Long Term Liabilities: S's short term assets (CA$407.0M) do not cover its long term liabilities (CA$570.9M).


Debt to Equity History and Analysis

Debt Level: S's debt to equity ratio (64.2%) is considered high.

Reducing Debt: S's debt to equity ratio has reduced from 66.7% to 64.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

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

Forecast Cash Runway: S is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.9% per year.


Next Steps

Dividend

What is Sherritt International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate S's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate S's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if S's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: S is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

David Pathe (49 yo)

8.92yrs

Tenure

CA$4,275,236

Compensation

Mr. David V. Pathe has been the Chief Executive Officer and President of Sherritt International Corporation since January 1, 2012. He is accountable for developing and implementing Sherritt’s company-wide ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD3.30M) is above average for companies of similar size in the Canadian market ($USD166.28K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Pathe
President8.92yrsCA$4.28m0.11%
CA$ 147.7k
Andrew Snowden
Senior VP & CFO3.92yrsCA$1.54m0.047%
CA$ 62.9k
Stephen Wood
Executive VP & COO5.67yrsCA$1.76m0.061%
CA$ 81.6k
Karen Trenton
Senior Vice President of Human Resources6.83yrsCA$1.41m0.065%
CA$ 86.1k
John Marsh
Director of Technologies Projectsno datano datano data
Susan Earle
Vice President of Administration and Controller17.58yrsno datano data
Joe Racanelli
Director of Investor Relationsno datano datano data
Edward Sellers
Senior VP7.17yrsCA$1.05mno data
Elvin Saruk
Senior Vice President of Oil8.67yrsCA$1.26m0.034%
CA$ 44.9k

7.2yrs

Average Tenure

Experienced Management: S's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Pathe
President8.92yrsCA$4.28m0.11%
CA$ 147.7k
Richard Lapthorne
Independent Chairman1.5yrsCA$323.87k0.023%
CA$ 30.3k
John Warwick
Independent Corporate Director3.5yrsCA$180.00k0.025%
CA$ 33.5k
William Loader
Independent Corporate Director7.42yrsCA$280.00k0.0048%
CA$ 6.4k
Lisa Pankratz
Independent Corporate Director7.08yrsCA$270.00k0.0074%
CA$ 9.8k
Timothy Baker
Independent Corporate Director6.58yrsCA$190.00k0.018%
CA$ 24.2k
Maryse Belanger
Independent Corporate Director2.83yrsCA$217.50k0.076%
CA$ 100.5k

6.6yrs

Average Tenure

67yo

Average Age

Experienced Board: S's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: S insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sherritt International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sherritt International Corporation
  • Ticker: S
  • Exchange: TSX
  • Founded: 1927
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$133.090m
  • Shares outstanding: 397.28m
  • Website: https://www.sherritt.com

Number of Employees


Location

  • Sherritt International Corporation
  • Bay Adelaide Centre
  • East Tower
  • Toronto
  • Ontario
  • M5H 4E3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STSX (The Toronto Stock Exchange)YesRestricted Voting SharesCACADJun 1996
HRTDB (Deutsche Boerse AG)YesRestricted Voting SharesDEEURJun 1996
SHER.FOTCPK (Pink Sheets LLC)YesRestricted Voting SharesUSUSDJun 1996

Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 00:24
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.