TSX:TI

Stock Analysis Report

Executive Summary

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties.


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has Titan Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.8%

TI

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

-72.9%

TI

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: TI underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: TI underperformed the Canadian Market which returned 4.5% over the past year.


Shareholder returns

TIIndustryMarket
7 Day-9.8%3.5%-1.5%
30 Day-13.2%5.0%-0.7%
90 Day-20.7%14.3%1.8%
1 Year-72.9%-72.9%7.5%6.8%5.7%2.5%
3 Yearn/a2.8%1.0%16.8%6.2%
5 Yearn/a29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Titan Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TI (CA$0.23) is trading below our estimate of fair value (CA$2.17)

Significantly Below Fair Value: TI is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: TI 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 TI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TI is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Titan Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

57.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: TI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TI's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if TI's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if TI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Titan Mining performed over the past 5 years?

4.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: TI is currently unprofitable.

Growing Profit Margin: TI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if TI's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: TI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: TI has a negative Return on Equity (-47.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Titan Mining's financial position?


Financial Position Analysis

Short Term Liabilities: TI's short term assets ($7.7M) exceed its short term liabilities ($6.9M).

Long Term Liabilities: TI's short term assets ($7.7M) do not cover its long term liabilities ($46.8M).


Debt to Equity History and Analysis

Debt Level: TI's debt to equity ratio (115.7%) is considered high.

Reducing Debt: Insufficient data to determine if TI's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: TI has a high level of physical assets or inventory.

Debt Coverage by Assets: TI's debt is not covered by short term assets (assets are 0.2x debt).


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: TI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Titan Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TI'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?

1.4yrs

Average management tenure


CEO

Don Taylor 0

1.4yrs

Tenure

US$708,640

Compensation

Mr. Donald Richard Taylor, also known as Don, MSc, P.G., SME, is a Non-Executive Director at Solaris Resources Inc. since January 6, 2020. Mr. Taylor has been Chief Executive Officer of Titan Mining Corpor ...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD708.64K) is above average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Insufficient data to compare Don's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Warke
Executive Chairman2.7yrsUS$231.54k51.48% $14.6m
Donald Taylor
CEO & Director1.4yrsUS$708.64k3.48% $984.1k
Purni Parikh
President & Director3.1yrsUS$22.08k1.64% $464.2k
Michael McClelland
Chief Financial Officer1.9yrsUS$486.17k0.0041% $1.2k
Kevin Torpy
Vice President of Operations1.3yrsno datano data
Steven Burkett
Vice President of Exploration1.9yrsno datano data

1.4yrs

Average Tenure

Experienced Management: TI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Richard Warke
Executive Chairman2.7yrsUS$231.54k51.48% $14.6m
Donald Taylor
CEO & Director1.4yrsUS$708.64k3.48% $984.1k
Purni Parikh
President & Director3.1yrsUS$22.08k1.64% $464.2k
James Gowans
Independent Director1.3yrsUS$124.43k0.74% $210.5k
Robert Wares
Independent Director1.7yrsUS$185.06k0.24% $69.0k
William Mulrow
Independent Director1.3yrsUS$163.70kno data
Lenard Boggio
Lead Independent Director2.1yrsUS$35.96k0.028% $7.8k
George Pataki
Independent Director2.7yrsUS$27.01kno data
John Boehner
Independent Director1.3yrsUS$162.66kno data
Gregory Clark
Independent Director3.1yrsUS$29.01k0.61% $172.5k

1.9yrs

Average Tenure

63yo

Average Age

Experienced Board: TI's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Titan Mining Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Titan Mining Corporation
  • Ticker: TI
  • Exchange: TSX
  • Founded: 2012
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$28.283m
  • Shares outstanding: 122.97m
  • Website: https://www.titanminingcorp.com

Number of Employees


Location

  • Titan Mining Corporation
  • 999 Canada Place
  • Suite 555
  • Vancouver
  • British Columbia
  • V6C 3E1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TITSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 2017
3T0DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2017
TNMC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2017

Biography

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. It explores for zinc ores and base metals. The company’s principal asset is the Empire State Mine project that is located in Northern New York State, the United States. It holds interests in approximately 80,000 acres of mineral interests in the Empire State Mine project. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016. Titan Mining Corporation was incorporated in 2012 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:57
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.