TSXV:ABN

Stock Analysis Report

Executive Summary

Aben Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties primarily in British Columbia, Saskatchewan, and Yukon, Canada.

Risk Analysis

Earnings have declined by -45.55% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$10M)

+ 1 more risk


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Aben Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.6%

ABN

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-51.4%

ABN

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: ABN underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.

Return vs Market: ABN underperformed the Canadian Market which returned 4.9% over the past year.


Shareholder returns

ABNIndustryMarket
7 Day-5.6%4.6%0.2%
30 Day-10.5%3.7%0.4%
90 Day13.3%10.7%3.7%
1 Year-51.4%-51.4%5.1%4.5%8.2%4.9%
3 Year-26.1%-26.1%-5.4%-7.0%15.9%5.5%
5 Year-64.6%-64.6%26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Aben Resources undervalued compared to its fair value and its price relative to the market?

0.66x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ABN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ABN's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ABN is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Aben Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.8%

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 Aben Resources 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.


Next Steps

Past Performance

How has Aben Resources performed over the past 5 years?

-45.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABN is currently unprofitable.

Growing Profit Margin: ABN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ABN is unprofitable, and losses have increased over the past 5 years at a rate of -45.6% per year.

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

Earnings vs Industry: ABN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).


Return on Equity

High ROE: ABN has a negative Return on Equity (-14.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Aben Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ABN's short term assets (CA$2.7M) exceed its short term liabilities (CA$511.4K).

Long Term Liabilities: ABN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ABN is debt free.

Reducing Debt: ABN has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ABN's debt is covered by short term assets.


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

Forecast Cash Runway: ABN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -49.6% each year


Next Steps

Dividend

What is Aben Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ABN'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 ABN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ABN'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 ABN'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?

8.9yrs

Average board tenure


CEO

Jim Pettit (64yo)

17.3yrs

Tenure

CA$105,000

Compensation

Mr. James Gaydon Pettit, also known as Jim, has been the Chief Executive Officer of Cu Ventures Corp. since 2004 and serves as its Chairman and served as its President since March 5, 2004. Mr. Pettit has b ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD79.37K) is below average for companies of similar size in the Canadian market ($USD154.66K).

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


Board Members

NamePositionTenureCompensationOwnership
James Pettit
President17.3yrsCA$105.00k0.82% CA$82.2k
Donald Huston
Acting CFO & Director21.4yrsCA$6.00k0.046% CA$4.5k
Donald Myers
Director of Corporate Communications & Director2.8yrsCA$48.00k0.35% CA$34.6k
Ronald Netolitzky
Chairman of the Board8.9yrsCA$18.60k0.98% CA$97.9k
Timothy Termuende
Independent Director8.9yrsCA$57.67k0.62% CA$62.4k
Henry Awmack
Member of Technical Advisory Board3.6yrsno datano data
Amanda Chow
Independent Director14.3yrsCA$18.00k0.0019% CA$191.6

8.9yrs

Average Tenure

60yo

Average Age

Experienced Board: ABN's board of directors are considered experienced (8.9 years average tenure).


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 substantially diluted in the past year, with total shares outstanding growing by 57%.


Top Shareholders

Company Information

Aben Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aben Resources Ltd.
  • Ticker: ABN
  • Exchange: TSXV
  • Founded: 1960
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$9.981m
  • Shares outstanding: 117.42m
  • Website: https://www.abenresources.com

Location

  • Aben Resources Ltd.
  • 777 Dunsmuir Street
  • Suite 1610
  • Vancouver
  • British Columbia
  • V7Y 1K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABNTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
E2L2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
ABNA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Aben Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties primarily in British Columbia, Saskatchewan, and Yukon, Canada. The company primarily explores for gold deposits. Its principal project includes the Forrest Kerr Gold project that covers an area of 23,000 hectares located in northwestern British Columbia. The company was formerly known as Consolidated Abaddon Resources Inc. and changed its name to Aben Resources Ltd. in January 2011. Aben Resources Ltd. was incorporated in 1960 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 Analysis2020/02/18 23:54
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.