Asbestos Corporation Limited manages various mining assets in Canada.
Good value with proven track record.
Share Price & News
How has Asbestos's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AB.H has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: Insufficient data to determine how AB.H performed against the Canadian Metals and Mining industry.
Return vs Market: Insufficient data to determine how AB.H performed against the Canadian Market.
Price Volatility Vs. Market
How volatile is Asbestos's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StDo Insiders Own Shares In Asbestos Corporation Limited (CVE:AB.H)?
4 months ago | Simply Wall StShareholders Are Thrilled That The Asbestos (CVE:AB.H) Share Price Increased 232%
6 months ago | Simply Wall StDo Insiders Own Shares In Asbestos Corporation Limited (CVE:AB.H)?
Is Asbestos undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AB.H (CA$0.4) is trading below our estimate of fair value (CA$0.99)
Significantly Below Fair Value: AB.H is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AB.H is good value based on its PE Ratio (1.1x) compared to the Metals and Mining industry average (15.8x).
PE vs Market: AB.H is good value based on its PE Ratio (1.1x) compared to the Canadian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AB.H's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AB.H has negative assets, so we can't compare its PB Ratio to the CA Metals and Mining industry average.
How is Asbestos forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
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 SimplyWall St do have past financial data.
- Examine whether Asbestos is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Asbestos competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Asbestos performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AB.H has a high level of non-cash earnings.
Growing Profit Margin: AB.H's current net profit margins (41%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: AB.H has become profitable over the past 5 years, growing earnings by 30.2% per year.
Accelerating Growth: AB.H's earnings growth over the past year (1320.8%) exceeds its 5-year average (30.2% per year).
Earnings vs Industry: AB.H earnings growth over the past year (1320.8%) exceeded the Metals and Mining industry 10.1%.
Return on Equity
High ROE: AB.H's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
How is Asbestos's financial position?
Financial Position Analysis
Short Term Liabilities: AB.H has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AB.H has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AB.H has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AB.H's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AB.H's debt is not well covered by operating cash flow (0.3%).
Interest Coverage: AB.H's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Inventory Level: AB.H has a low level of unsold assets or inventory.
Debt Coverage by Assets: AB.H has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
What is Asbestos's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate AB.H's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AB.H'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 AB.H's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AB.H'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 AB.H's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Asbestos has no CEO, or we have no data on them.
|Chairman of the Board & President||0yrs||CA$40.00k||0.0025% CA$27.7|
|Independent Director||16.2yrs||CA$9.30k||0.00035% CA$3.9|
|Independent Director||11.9yrs||CA$8.67k||no data|
|Independent Director||7.8yrs||CA$7.00k||0.00035% CA$3.9|
|Independent Director||1.8yrs||CA$3.50k||5.56% CA$62.3k|
Experienced Board: AB.H's board of directors are considered experienced (9.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AB.H insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Asbestos Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Asbestos Corporation Limited
- Ticker: AB.H
- Exchange: TSXV
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$1.121m
- Shares outstanding: 2.84m
- Website: https://www.asbestoscorporation.com
- Asbestos Corporation Limited
- 840 Ouellet Boulevard
- Thetford Mines
- G6G 7A5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AB.H||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Dec 1972|
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 mining sites. The company is headquartered in Thetford Mines, Canada. Asbestos Corporation Limited is a subsidiary of Mazarin Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 23:49|
|End of Day Share Price||2020/01/10 00:00|
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.