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Tahoe Resources

TSX:THO
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

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

Tahoe Resources Inc., together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. The last earnings update was 113 days ago. More info.


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THO Share Price and Events
7 Day Returns
0%
TSX:THO
4.1%
CA Metals and Mining
1.2%
CA Market
1 Year Returns
-21.2%
TSX:THO
-5.1%
CA Metals and Mining
-0.7%
CA Market
THO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tahoe Resources (THO) 0% 2.1% 6.9% -21.2% -59.8% -81%
CA Metals and Mining 4.1% 9.3% 20.6% -5.1% 21.9% -24.1%
CA Market 1.2% 4.1% 6.9% -0.7% 22.2% 5.8%
1 Year Return vs Industry and Market
  • THO underperformed the Metals and Mining industry which returned -5.1% over the past year.
  • THO underperformed the Market in Canada which returned -0.7% over the past year.
Price Volatility
THO
Industry
5yr Volatility vs Market

Value

 Is Tahoe Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tahoe Resources 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 calculation method for this is changing soon.

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

TSX:THO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
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:THO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 8.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.236 (1 + (1- 21%) (8.7%))
1.321
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.321 * 8.05%)
12.58%

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

The calculations below outline how an intrinsic value for Tahoe Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:THO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 63.00 254.50 214.00 166.00 192.56
Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ 16%, capped from 22.65%
Present Value
Discounted (@ 12.58%)
55.96 200.79 149.97 103.33 106.46
Present value of next 5 years cash flows $616.51
TSX:THO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $192.56 × (1 + 1.95%) ÷ (12.58% – 1.95%)
$1,845.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,845.72 ÷ (1 + 12.58%)5
$1,020.47
TSX:THO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $616.51 + $1,020.47
$1,636.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,636.98 / 313.31
$5.22
TSX:THO Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:THO)
1.319
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $5.22 x 1.319
CA$6.89
Value per share (CAD) From above. CA$6.89
Current discount Discount to share price of CA$4.95
= -1 x (CA$4.95 - CA$6.89) / CA$6.89
28.1%

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

Current Discount
Amount off the current price Tahoe Resources is available for.
Intrinsic value
28%
Share price is CA$4.95 vs Future cash flow value of CA$6.89
Current Discount Checks
For Tahoe Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tahoe Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tahoe Resources's share price is below the future cash flow value, but not 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 Tahoe Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tahoe Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:THO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.74
TSX:THO Share Price ** TSX (2019-02-26) in CAD CA$4.95
TSX:THO Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.758 $3.75
Canada Metals and Mining Industry PE Ratio Median Figure of 120 Publicly-Listed Metals and Mining Companies 11.62x
Canada Market PE Ratio Median Figure of 548 Publicly-Listed Companies 14.95x

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

** Primary Listing of Tahoe Resources.

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

= TSX:THO Share Price ÷ EPS (both in USD)

= 3.75 ÷ -0.74

-5.11x

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

  • Tahoe Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Tahoe Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Tahoe Resources's expected growth come at a high price?
Raw Data
TSX:THO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
64.1%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.01x

*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 Tahoe Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tahoe Resources's assets?
Raw Data
TSX:THO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $7.72
TSX:THO Share Price * TSX (2019-02-26) in CAD CA$4.95
TSX:THO Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.758 $3.75
Canada Metals and Mining Industry PB Ratio Median Figure of 1,078 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,333 Publicly-Listed Companies 1.53x
TSX:THO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:THO Share Price ÷ Book Value per Share (both in USD)

= 3.75 ÷ 7.72

0.49x

* Primary Listing of Tahoe Resources.

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

  • Tahoe Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Tahoe Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Tahoe Resources has a total score of 2/6, 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 Tahoe Resources expected to perform in the next 1 to 3 years based on estimates from 2 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
64.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tahoe Resources expected to grow at an attractive rate?
  • Tahoe Resources's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Tahoe Resources's earnings growth is expected to exceed the Canada market average.
  • Tahoe Resources's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:THO Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:THO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 64.1%
TSX:THO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.5%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
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:THO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:THO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 712 223 124 1
2021-12-31 874 237 142 1
2020-12-31 1,071 379 104 1
2019-12-31 692 175 15 2
2018-12-31 514 97 -49 2
TSX:THO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 497 69 -230
2018-06-30 540 100 -49
2018-03-31 622 178 0
2017-12-31 734 234 82
2017-09-30 805 331 100
2017-06-30 885 361 172
2017-03-31 903 303 155
2016-12-31 785 249 118
2016-09-30 750 195 10
2016-06-30 661 169 -40
2016-03-31 567 166 -66
2015-12-31 520 167 -72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tahoe Resources's earnings are expected to grow significantly at over 20% yearly.
  • Tahoe Resources's revenue is expected to grow by 11.5% 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:THO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Tahoe Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:THO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.40 0.40 0.40 1.00
2021-12-31 0.45 0.45 0.45 1.00
2020-12-31 0.40 0.47 0.33 2.00
2019-12-31 0.05 0.08 0.01 2.00
2018-12-31 -0.16 -0.16 -0.16 1.00
TSX:THO Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.74
2018-06-30 -0.16
2018-03-31 0.00
2017-12-31 0.26
2017-09-30 0.32
2017-06-30 0.55
2017-03-31 0.50
2016-12-31 0.41
2016-09-30 0.04
2016-06-30 -0.16
2016-03-31 -0.29
2015-12-31 -0.35

*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 Tahoe Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tahoe Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tahoe Resources has a total score of 4/6, 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 Tahoe Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tahoe Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tahoe Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tahoe Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tahoe Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Tahoe Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tahoe Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:THO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 496.60 -230.43 64.06
2018-06-30 540.01 -48.81 63.81
2018-03-31 622.45 0.23 62.97
2017-12-31 733.56 81.79 64.31
2017-09-30 805.22 100.12 65.69
2017-06-30 884.74 171.51 61.68
2017-03-31 903.42 154.77 58.35
2016-12-31 784.50 117.88 50.72
2016-09-30 750.00 9.84 41.35
2016-06-30 661.01 -39.91 43.05
2016-03-31 566.57 -65.99 40.41
2015-12-31 519.72 -71.91 38.48
2015-09-30 430.23 45.64 37.96
2015-06-30 374.77 52.42 32.24
2015-03-31 345.67 97.87 32.21
2014-12-31 350.27 90.79 35.53
2014-09-30 284.87 71.38 34.03
2014-06-30 194.59 35.81 32.21
2014-03-31 89.87 -15.91 28.45
2013-12-31 -65.60 24.78
2013-09-30 -80.95 24.99
2013-06-30 -86.89 26.12
2013-03-31 -97.35 27.97
2012-12-31 -93.45 29.63
2012-09-30 -85.48 32.46
2012-06-30 -103.10 32.11
2012-03-31 -90.37 30.94

*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 Tahoe Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tahoe Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tahoe Resources 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 Tahoe Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tahoe Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tahoe Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tahoe Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tahoe Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tahoe Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tahoe Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x 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 Tahoe Resources Company Filings, last reported 4 months ago.

TSX:THO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,417.50 102.35 48.41
2018-06-30 2,606.52 78.73 69.79
2018-03-31 2,619.15 5.61 53.71
2017-12-31 2,624.89 42.75 125.99
2017-09-30 2,641.68 44.85 182.38
2017-06-30 2,654.32 46.51 190.93
2017-03-31 2,634.40 48.60 175.44
2016-12-31 2,572.15 50.95 163.41
2016-09-30 2,586.36 54.24 142.44
2016-06-30 2,537.08 68.63 152.55
2016-03-31 1,691.37 49.77 91.48
2015-12-31 1,664.03 51.60 109.21
2015-09-30 1,782.64 53.40 110.55
2015-06-30 1,780.38 54.40 112.22
2015-03-31 901.96 49.92 85.95
2014-12-31 878.06 49.80 80.36
2014-09-30 869.63 49.69 78.90
2014-06-30 846.96 74.71 51.51
2014-03-31 804.57 74.28 39.87
2013-12-31 774.15 49.48 8.84
2013-09-30 781.56 49.17 39.17
2013-06-30 794.68 48.85 99.24
2013-03-31 808.00 0.00 107.15
2012-12-31 831.30 0.00 164.56
2012-09-30 854.38 0.00 225.22
2012-06-30 873.59 0.00 271.14
2012-03-31 893.20 0.00 318.46
  • Tahoe Resources's level of debt (4.2%) 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 (6.3% vs 4.2% 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.

  • Information is not available.
  • Unable to confirm if Tahoe Resources has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Tahoe Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tahoe Resources has a total score of 3/6, 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 Tahoe Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tahoe Resources dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Tahoe Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tahoe Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tahoe Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:THO 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 2 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 331 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 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:THO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00
TSX:THO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-06 0.000 0.000
2018-08-01 0.000 0.000
2018-05-02 0.000 0.000
2018-02-22 0.000 0.000
2017-11-06 0.000 0.000
2017-08-09 0.000 0.000
2017-07-06 0.240 4.439
2017-06-08 0.240 2.878
2017-05-04 0.240 2.652
2017-04-06 0.240 2.846
2017-03-09 0.240 3.104
2017-02-02 0.240 2.769
2017-01-05 0.240 2.621
2016-12-01 0.240 2.528
2016-11-03 0.240 2.416
2016-10-06 0.240 2.051
2016-09-08 0.240 1.823
2016-08-04 0.240 1.622
2016-07-07 0.240 1.543
2016-06-09 0.240 1.712
2016-05-05 0.240 1.895
2016-04-07 0.240 1.902
2016-03-10 0.240 2.304
2016-02-04 0.240 2.711
2016-01-07 0.240 3.112
2015-12-03 0.240 2.745
2015-11-04 0.240 2.864
2015-10-08 0.240 2.689
2015-09-03 0.240 2.937
2015-08-06 0.240 2.772
2015-07-09 0.240 2.668
2015-06-04 0.240 1.820
2015-05-07 0.240 1.715
2015-04-09 0.240 1.927
2015-03-05 0.240 2.023
2015-02-05 0.240 1.797
2015-01-08 0.240 1.656
2014-11-12 0.240 1.672
2014-11-11 0.240 1.447

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

  • Unable to perform a dividend volatility check as Tahoe Resources has not reported any payouts.
  • Unable to verify if Tahoe Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tahoe Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tahoe Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tahoe Resources's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Tahoe Resources'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 Tahoe Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tahoe Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tahoe Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Voorhees
COMPENSATION $186,803
AGE 64
TENURE AS CEO 0.7 years
CEO Bio

Mr. James S. Voorhees, also known as Jim, P.Eng, has been President and Chief Executive Officer at Tahoe Resources Inc. since June 15, 2018. He has been an Independent Director at Tahoe Resources Inc. since April 14, 2010. He has been an Independent Consultant since 2007. He is a mining engineer with over 30 years of experience in mine design, permitting, construction, operations and management of numerous properties in jurisdictions throughout the world. Mr. Voorhees served as the Chief Operating Officer of Glamis Gold Ltd. from June 1999 to 2007 and its Executive Vice President from July 2005 to 2006. Mr. Voorhees is a Mining Engineer and academic career. Prior to joining Glamis, Mr. Voorhees held various engineering and operating positions with Newmont Mining Corp., Santa Fe Pacific Minerals, Western Mining Corp., and Atlantic Richfield Company. He is linked to Colorado School of mines, Mackay School of Mines (Reno, Nevada). He served as Vice President of Operations of Glamis Gold Ltd. from 1999 to 2005 and served as its Vice President since June 1999. He served as Director of Project Management of Newmont Mining Company from August 1997 to May 1999. Mr. Voorhees has worked for the following companies : Arco Coal Company from 1976 to 1984, where he started up as mining engineer and ended up as Senior Project Engineer, Western Mining Corporation from 1986 to 1992; Olympic Dam Mine, South Australia, Senior Mining Engineer, Large underground copper-gold-silver-uranium mine, Santa Fe Pacific Gold Corporation from 1992 to 1997; Mesquite Gold Mine, California - General Manager and Newmont Gold Company from 1997 to 1999, General Manager at the Twin Creek Gold Mine, Nevada, then director of project management in Denver corporate office. During that period, he led the development and operating groups through a period of unprecedented growth completing two major mergers, development of three new gold - silver mines in Latin America and expansion of a fourth in Nevada. He serves as a Director of Rio Moche Exploration Inc. Mr. Voorhees served as an Independent Director of Cloud Peak Energy Inc., from March 11, 2011 to December 31, 2014. Having expert in the areas of Environmental/Sustainability/CSR, Mining, Metals and Minerals, Operations and Exploration and a Professional Organization Memberships of Society of Mining Engineers and having a Public Board Membership in Cloud Peak Energy. Mr. Voorhees holds a B.S. in Mining Engineering from the University of Nevada and is a registered Professional Engineer.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year.
  • Jim's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Tahoe Resources management team in years:

2.5
Average Tenure
63
Average Age
  • The tenure for the Tahoe Resources management team is about average.
Management Team

C. McArthur

TITLE
Executive Chair
COMPENSATION
$400K
AGE
63

Jim Voorhees

TITLE
President
COMPENSATION
$187K
AGE
64
TENURE
0.7 yrs

Elizabeth McGregor

TITLE
Executive VP & CFO
COMPENSATION
$860K
TENURE
2.5 yrs

Edie Hofmeister

TITLE
Executive VP of Corporate Affairs & General Counsel
COMPENSATION
$1M
TENURE
7.9 yrs

Brian Brodsky

TITLE
Vice President of Exploration
COMPENSATION
$731K
TENURE
8.7 yrs

Tom Fudge

TITLE
Vice President of Operations
AGE
62
TENURE
2.5 yrs

Alexandra Barrows

TITLE
Vice President of Investor Relations
TENURE
1.4 yrs

Dave Howe

TITLE
VP of Operations - Guatemala & MD of Minera San Rafael
TENURE
2.5 yrs
Board of Directors Tenure

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

4.1
Average Tenure
68
Average Age
  • The tenure for the Tahoe Resources board of directors is about average.
Board of Directors

C. McArthur

TITLE
Executive Chair
COMPENSATION
$400K
AGE
63
TENURE
3.8 yrs

Jim Voorhees

TITLE
President
COMPENSATION
$187K
AGE
64
TENURE
8.8 yrs

Paul Sweeney

TITLE
Independent Director
COMPENSATION
$207K
AGE
68
TENURE
8.8 yrs

A. Rovig

TITLE
Lead Independent Director
COMPENSATION
$250K
AGE
79
TENURE
4.1 yrs

Ken Williamson

TITLE
Independent Director
COMPENSATION
$187K
AGE
70
TENURE
8.7 yrs

Alan Moon

TITLE
Independent Director
COMPENSATION
$167K
AGE
72
TENURE
2.8 yrs

Tanya Jakusconek

TITLE
Independent Director
COMPENSATION
$167K
AGE
51
TENURE
7.8 yrs

Drago Kisic Wagner

TITLE
Independent Director
COMPENSATION
$167K
AGE
69
TENURE
3.8 yrs

Chuck Jeannes

TITLE
Independent Director
COMPENSATION
$202K
AGE
60
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Tahoe Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tahoe Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What You Must Know About Tahoe Resources Inc's (TSE:THO) Major Investors

In this article, I'm going to take a look at Tahoe Resources Inc’s (TSE:THO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Will Tahoe Resources Inc (TSE:THO) Continue To Underperform Its Industry?

and looking to gauge the potential return on investment in Tahoe Resources Inc (TSE:THO). … Tahoe Resources Inc (TSE:THO) delivered a less impressive 0.009% ROE over the past year, compared to the 11.25% return generated by its industry. … Knowing these components can change your views on THO's below-average returns.

Simply Wall St -

Tahoe Resources And Other High Growth Stocks

THO’s projected future profit growth is a robust 29.20%, with an underlying 72.82% growth from its revenues expected over the upcoming years. … AR’s projected future profit growth is a robust 33.31%, with an underlying 74.87% growth from its revenues expected over the upcoming years. … TSX:SSL Future Profit Jun 16th 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

Will Tahoe Resources Inc (TSE:THO) Continue To Underperform Its Industry?

Tahoe Resources Inc’s (TSX:THO) most recent return on equity was a substandard 0.009% relative to its industry performance of 12.60% over the past year. … See our latest analysis for Tahoe Resources Breaking down Return on Equity Return on Equity (ROE) weighs Tahoe Resources’s profit against the level of its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSX:THO Last Perf May 14th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Tahoe Resources Inc (TSE:THO): Time For A Financial Health Check

With this debt repayment, THO's cash and short-term investments stands at US$125.99M , ready to deploy into the business. … On top of this, THO has produced US$234.26M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 547.93%, indicating that THO’s operating cash is sufficient to cover its debt. … For THO, the ratio of 50.28x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: THO has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

What Do Analysts Think About The Future Of Tahoe Resources Inc's (TSE:THO)?

Below is a brief commentary on my key takeaways on how market analysts predict Tahoe Resources's earnings growth outlook over the next few years and whether the future looks brighter. … See our latest analysis for Tahoe Resources Market analysts' consensus outlook for the upcoming year seems pessimistic, with earnings decreasing by -5.71%. … This means that, we can presume Tahoe Resources will grow its earnings by 25.84% every year for the next few years.

Simply Wall St -

Does Tahoe Resources Inc's (TSE:THO) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for THO Price per share = $4.76 Earnings per share = $0.261 ∴ Price-Earnings Ratio = $4.76 ÷ $0.261 = 18.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with THO, then THO’s P/E would naturally be higher since investors would reward THO’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with THO, THO’s P/E would again be higher since investors would reward THO’s lower risk with a higher price as well.

Simply Wall St -

Is Now The Right Time To Buy Tahoe Resources Inc (TSE:THO)?

Tahoe Resources Inc (TSX:THO) is considered a high-growth stock, but its last closing price of CA$6.09 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” Tahoe Resources is trading at price-to-earnings (PE) ratio of 18.35x, which tells us the stock is overvalued based on current earnings compared to the metals and mining industry average of 10.45x , and overvalued compared to the CA market average ratio of 16.42x. … However, to properly examine the value of a high-growth stock such as Tahoe Resources, we must reflect its earnings growth into the valuation.

Simply Wall St -

Will Tahoe Resources Inc (TSE:THO) Continue To Underperform Its Industry?

See our latest analysis for Tahoe Resources Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Tahoe Resources’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Tahoe Resources’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSX:THO Last Perf Feb 6th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Best Growth Stock in January

THO’s projected future profit growth is a robust 28.16%, with an underlying 28.49% growth from its revenues expected over the upcoming years. … DSG is expected to deliver a buoyant earnings growth over the next couple of years of 25.52%, driven by a positive double-digit revenue growth of 27.94% and cost-cutting initiatives. … Profit growth, coupled with top-line expansion, is a positive indication.

Simply Wall St -

Company Info

Map
Description

Tahoe Resources Inc., together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru. It also holds interest in the Timmins mines, including the Bell Creek and Timmins West mines, the Fenn-Gib project, the Juby project, the Vogel project, and the Gold River project located in Timmins, Ontario. The company was formerly known as CKM Resources Inc. and changed its name to Tahoe Resources Inc. in January 2010. Tahoe Resources Inc. was incorporated in 2009 and is headquartered in Reno, Nevada. As of February 22, 2019, Tahoe Resources Inc. operates as a subsidiary of Pan American Silver Corp.

Details
Name: Tahoe Resources Inc.
THO
Exchange: TSX
Founded: 2009
CA$1,550,902,666
313,313,670
Website: http://www.tahoeresources.com
Address: Tahoe Resources Inc.
5310 Kietzke Lane,
Suite 200,
Reno,
Nevada, 89511,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX THO Voting Common Shares The Toronto Stock Exchange CA CAD 08. Jun 2010
NYSE TAHO Voting Common Shares New York Stock Exchange US USD 08. Jun 2010
DB 7T0 Voting Common Shares Deutsche Boerse AG DE EUR 08. Jun 2010
Number of employees
Current staff
Staff numbers
2,684
Tahoe Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/27 02:16
End of day share price update: 2019/02/26 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2018/11/06
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.