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Asbestos

TSXV:AB.H
Snowflake Description

Questionable track record with imperfect balance sheet.

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

Asbestos Corporation Limited manages various mining assets in Canada. The last earnings update was 128 days ago. More info.


Add to Portfolio Compare Print
  • Asbestos has significant price volatility in the past 3 months.
AB.H Share Price and Events
7 Day Returns
37.5%
TSXV:AB.H
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-26.7%
TSXV:AB.H
-3.9%
CA Metals and Mining
2.6%
CA Market
AB.H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asbestos (AB.H) 37.5% 37.5% - -26.7% 205.6% 77.4%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • AB.H underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • AB.H underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
AB.H
Industry
5yr Volatility vs Market

Value

 Is Asbestos 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
  • It is not possible to calculate the future cash flow value for Asbestos. This is due to cash flow or dividend data being unavailable. The share price is CA$0.55.
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 Asbestos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asbestos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:AB.H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.03
TSXV:AB.H Share Price ** TSXV (2019-03-22) in CAD CA$0.55
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Asbestos.

TSXV:AB.H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:AB.H Share Price ÷ EPS (both in CAD)

= 0.55 ÷ 0.03

21.67x

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

  • Asbestos is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Asbestos is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Asbestos's expected growth come at a high price?
Raw Data
TSXV:AB.H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Asbestos, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asbestos's assets?
Raw Data
TSXV:AB.H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-7.24
TSXV:AB.H Share Price * TSXV (2019-03-22) in CAD CA$0.55
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:AB.H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:AB.H Share Price ÷ Book Value per Share (both in CAD)

= 0.55 ÷ -7.24

-0.08x

* Primary Listing of Asbestos.

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

  • Asbestos has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.
X
Value checks
We assess Asbestos'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. Asbestos has a total score of 0/6, 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 Asbestos expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asbestos has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asbestos expected to grow at an attractive rate?
  • Unable to compare Asbestos's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asbestos's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Asbestos's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:AB.H Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
TSXV:AB.H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:AB.H Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 4 -1 0
2018-06-30 4 -2 0
2018-03-31 2 -3 0
2017-12-31 2 -3 0
2017-09-30 2 -2 0
2017-06-30 3 0 4
2017-03-31 3 1 4
2016-12-31 2 3 4
2016-09-30 4 2 3
2016-06-30 3 -1 -2
2016-03-31 3 -2 -2
2015-12-31 4 -3 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asbestos is high growth as no earnings estimate data is available.
  • Unable to determine if Asbestos is high growth as no revenue estimate data is available.
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
TSXV:AB.H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Asbestos Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:AB.H Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.03
2018-06-30 0.11
2018-03-31 0.16
2017-12-31 -0.03
2017-09-30 0.11
2017-06-30 1.34
2017-03-31 1.41
2016-12-31 1.38
2016-09-30 1.04
2016-06-30 -0.68
2016-03-31 -0.80
2015-12-31 -0.72

*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 Asbestos will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Asbestos's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Asbestos's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Asbestos'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.
Asbestos has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Asbestos 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 Asbestos'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.
  • Asbestos's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Asbestos's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Asbestos's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
Asbestos'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 Asbestos Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:AB.H Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3.69 0.07 0.70
2018-06-30 3.52 0.30 0.68
2018-03-31 2.19 0.45 0.71
2017-12-31 2.09 -0.07 0.72
2017-09-30 2.15 0.30 0.75
2017-06-30 2.91 3.79 0.74
2017-03-31 3.39 3.99 0.70
2016-12-31 2.34 3.91 0.64
2016-09-30 3.73 2.96 0.77
2016-06-30 3.02 -1.94 0.71
2016-03-31 2.94 -2.27 0.69
2015-12-31 3.76 -2.05 0.59
2015-09-30 1.18 -1.75 0.36
2015-06-30 1.21 -0.93 0.38
2015-03-31 1.13 -1.04 0.37
2014-12-31 1.11 -0.72 0.39
2014-09-30 1.06 -0.49 0.42
2014-06-30 0.97 2.93 0.40
2014-03-31 0.97 1.87 0.37
2013-12-31 1.03 1.51 0.36
2013-09-30 0.90 0.29 0.30
2013-06-30 0.86 -3.45 0.31
2013-03-31 0.93 -2.35 0.34
2012-12-31 0.84 -1.96 0.35
2012-09-30 1.49 -0.52 0.40
2012-06-30 1.69 -0.40 0.42
2012-03-31 1.61 -0.04 0.41

*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 Asbestos has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Asbestos used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Asbestos has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Asbestos'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.
Asbestos has a total score of 2/6, 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 Asbestos'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 Asbestos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asbestos is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asbestos's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Asbestos'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.
  • Asbestos has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Asbestos Company Filings, last reported 5 months ago.

TSXV:AB.H Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -20.55 25.34 2.01
2018-06-30 -21.14 25.37 2.04
2018-03-31 -20.67 25.25 2.15
2017-12-31 -20.67 25.20 2.02
2017-09-30 -20.58 25.05 2.01
2017-06-30 -21.39 25.11 2.07
2017-03-31 -21.05 25.00 2.03
2016-12-31 -20.58 25.29 2.20
2016-09-30 -20.78 24.58 2.03
2016-06-30 -25.12 24.50 0.56
2016-03-31 -25.02 24.59 0.51
2015-12-31 -24.43 24.60 0.51
2015-09-30 -23.81 24.78 0.80
2015-06-30 -23.18 24.93 0.81
2015-03-31 -22.68 24.73 0.83
2014-12-31 -22.33 24.82 0.83
2014-09-30 -21.79 24.94 0.50
2014-06-30 -22.01 25.14 0.55
2014-03-31 -21.49 25.20 0.60
2013-12-31 -21.50 24.71 0.56
2013-09-30 -21.60 24.84 0.81
2013-06-30 -25.25 25.22 0.83
2013-03-31 -23.56 25.08 0.83
2012-12-31 -23.17 24.73 0.80
2012-09-30 -21.43 24.47 0.66
2012-06-30 -21.38 24.19 0.74
2012-03-31 -20.80 24.87 0.94
  • Asbestos has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Asbestos's debt level has increased considering it has negative shareholder equity.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Asbestos'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. Asbestos has a total score of 2/6, 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 Asbestos'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 Asbestos dividends.
If you bought CA$2,000 of Asbestos 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 Asbestos's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asbestos'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
TSXV:AB.H 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 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Asbestos has not reported any payouts.
  • Unable to verify if Asbestos's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asbestos's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asbestos has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asbestos'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 Asbestos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asbestos 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 Asbestos'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.
  • Asbestos has no CEO, or we have no data on them.
Management Team

John LeBoutillier

TITLE
Chairman of the Board & President
COMPENSATION
CA$40K
AGE
74

Mario Simard

TITLE
CFO & Secretary
COMPENSATION
CA$21K
Board of Directors Tenure

Average tenure of the Asbestos board of directors in years:

8.9
Average Tenure
  • The tenure for the Asbestos board of directors is about average.
Board of Directors

John LeBoutillier

TITLE
Chairman of the Board & President
COMPENSATION
CA$40K
AGE
74

Clément Godbout

TITLE
Director
COMPENSATION
CA$9K
TENURE
15.3 yrs

Laurent Langevin

TITLE
Director
COMPENSATION
CA$6K
TENURE
11 yrs

Daniel Frigon

TITLE
Director
COMPENSATION
CA$7K
TENURE
6.8 yrs

Serge Monette

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Asbestos insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. Feb 19 Buy Serge Monette Individual 04. Feb 19 04. Feb 19 500 CA$0.40 CA$200
25. Oct 18 Buy Mazarin Inc. Company 24. Oct 18 24. Oct 18 259,065 CA$0.25 CA$64,766
05. Oct 18 Buy Retromobile Inc Company 04. Oct 18 04. Oct 18 500 CA$0.33 CA$165
12. Jul 18 Buy Retromobile Inc Company 11. Jul 18 11. Jul 18 1,000 CA$0.50 CA$500
21. Jun 18 Buy Retromobile Inc Company 21. Jun 18 21. Jun 18 1,000 CA$0.80 CA$800
18. Jun 18 Buy Serge Monette Individual 15. Jun 18 15. Jun 18 1,500 CA$0.80 CA$1,075
09. May 18 Buy Retromobile Inc Company 26. Apr 18 26. Apr 18 1,000 CA$0.70 CA$700
16. Apr 18 Sell Retromobile Inc Company 12. Apr 18 12. Apr 18 -1,000 CA$0.87 CA$-870
11. Apr 18 Buy Retromobile Inc Company 09. Apr 18 09. Apr 18 1,000 CA$0.75 CA$750
05. Apr 18 Sell Retromobile Inc Company 04. Apr 18 04. Apr 18 -1,000 CA$0.85 CA$-850
28. Mar 18 Buy Retromobile Inc Company 27. Mar 18 27. Mar 18 500 CA$0.65 CA$325
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Management checks
We assess Asbestos'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. Asbestos 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

Is Asbestos Corporation Limited’s (CVE:AB.H) 7.1% ROCE Any Good?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Tempted To Buy Asbestos Corporation Limited (CVE:AB.H) At Its Current PE Ratio?

While AB.H 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. … I will explain what the P/E ratio is as well as what you should look out for when using it … Demystifying the P/E ratio

Simply Wall St -

Should You Be Concerned About Asbestos Corporation Limited's (CVE:AB.H) Shareholders?

In this article, I'm going to take a look at Asbestos Corporation Limited’s (CVE:AB.H) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … View our latest analysis for Asbestos

Simply Wall St -

Is It Time To Buy Asbestos Corporation Limited (CVE:AB.H) Based Off Its PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in Asbestos Corporation Limited (CVE:AB.H). … Asbestos Corporation Limited (CVE:AB.H) is currently trading at a trailing P/E of 5x, which is lower than the industry average of 10.7x.

Simply Wall St -

Should You Be Holding Asbestos Corporation Limited (CVE:AB.H) Right Now?

With a market cap of CA$2.13M, AB.H falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets. … However, this is the opposite to what AB.H’s actual beta value suggests, which is higher stock volatility relative to the market.

Simply Wall St -

Does Asbestos Corporation Limited's (CVE:AB.H) Past Performance Indicate A Weaker Future?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … I use the ‘latest twelve-month’ data, 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. … This means any uplift the industry is benefiting from, Asbestos has not been able to realize the gains unlike its average peer.What does this mean?

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Asbestos Corporation Limited (TSXV:ABH): Should The Recent EPS Drop Worry You?

For the most up-to-date info, I use the ‘latest twelve-month’ data, 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. … For Asbestos, the latest twelve-month earnings is CA$0.3M, which compared to the prior year's level, has plunged by a significant -89.78%. … Let's take a look at whether it is merely a result of an industry uplift, or if Asbestos has seen some company-specific growth.

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What Is The Future Prospect For Basic Materials And Asbestos Corporation Limited (TSXV:ABH)?

This rate is larger than the growth rate of the Canadian stock market as a whole. … Given the lack of analyst consensus in AB.H’s outlook, we could potentially assume the stock’s growth rate broadly follows its metals and mining industry peers. … TSXV:AB.H PE PEG Gauge Nov 16th 17 The metals and mining sector's PE is currently hovering around 11x, lower than the rest of the Canadian stock market PE of 17x.

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Company Info

Description

Asbestos Corporation Limited manages various mining assets in Canada. The company is involved in the rental of mining buildings that can be used as warehouses or plants; and sale of land and mining equipment, as well as aggregates and royalties from the exploitation of a granite quarry. It also provides revegetation of waste-rock piles. The company was incorporated in 1925 and is headquartered in Thetford Mines, Canada. Asbestos Corporation Limited is a subsidiary of Mazarin Inc.

Details
Name: Asbestos Corporation Limited
AB.H
Exchange: TSXV
Founded: 1925
CA$1,560,351
2,837,002
Website: http://www.asbestoscorporation.com
Address: Asbestos Corporation Limited
840 Ouellet Boulevard,
Thetford Mines,
Quebec, G6G 7A5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV AB.H Common Shares TSX Venture Exchange CA CAD 13. Dec 1972
Number of employees
Current staff
Staff numbers
0
Asbestos employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:33
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2018/11/16
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.