TSXV:ABZ

Stock Analysis Report

Executive Summary

AsiaBaseMetals Inc. focuses in the exploration and development of metals in Canada.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-20.8%

ABZ

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

65.2%

ABZ

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: ABZ exceeded the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: ABZ exceeded the Canadian Market which returned 0.1% over the past year.


Shareholder returns

ABZIndustryMarket
7 Day-20.8%-6.0%-6.2%
30 Day-5.0%-1.0%-5.0%
90 Day11.8%4.9%-2.8%
1 Year65.2%65.2%2.9%2.2%1.1%-2.0%
3 Year62.9%62.9%-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

64.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ABZ is overvalued based on its PB Ratio (64.6x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.0%

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 AsiaBaseMetals 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 AsiaBaseMetals performed over the past 5 years?

-24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABZ is currently unprofitable.

Growing Profit Margin: ABZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ABZ is unprofitable, and losses have increased over the past 5 years at a rate of -24.9% per year.

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

Earnings vs Industry: ABZ is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: ABZ has a negative Return on Equity (-307.15%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AsiaBaseMetals's financial position?


Financial Position Analysis

Short Term Liabilities: ABZ's short term assets (CA$279.3K) exceed its short term liabilities (CA$64.8K).

Long Term Liabilities: ABZ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ABZ is debt free.

Reducing Debt: ABZ had no debt 5 years ago.


Balance Sheet

Inventory Level: ABZ has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ABZ'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: ABZ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ABZ has less than a year of cash runway if free cash flow continues to reduce at historical rates of -17.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

3.1yrs

Average board tenure


CEO

Raj Chowdhry (66yo)

4.8yrs

Tenure

CA$240,000

Compensation

Mr. Raj Chowdhry, CPA, CA, is the Founder of Futura Capital Ltd. and serves as its President. Mr. Chowdhry is the Founder of AsiaBaseMetals Inc., and has been its Chief Executive Officer and President sinc ...


Board Members

NamePositionTenureCompensationOwnership
Raj Chowdhry
Chairman4.8yrsCA$240.00k49.42% CA$7.9m
Bruce Bragagnolo
Independent Director2.3yrsCA$53.00kno data
Joseph Piekenbrock
Member of Advisory Board3.8yrsCA$18.20kno data
Andrew Bowering
Member of Advisory Board3.1yrsno datano data
Terrylene Penstock
Independent Director4.2yrsCA$65.00k6.78% CA$1.1m
Ioannis Tsitos
Independent Director3.8yrsCA$67.50kno data
Robert Jacko
Member of Advisory Board3.1yrsno datano data
Henry Park
Independent Director3.1yrsCA$65.50k1.06% CA$169.8k
Sorin Posescu
Member of Advisory Board2.8yrsno datano data
Yuvraj Solanki
Member of Advisory Board1.8yrsno datano data

3.1yrs

Average Tenure

62yo

Average Age

Experienced Board: ABZ's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ABZ 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 6.8%.


Top Shareholders

Company Information

AsiaBaseMetals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AsiaBaseMetals Inc.
  • Ticker: ABZ
  • Exchange: TSXV
  • Founded: 2009
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$15.993m
  • Shares outstanding: 42.09m
  • Website: https://www.asiabasemetals.com

Location

  • AsiaBaseMetals Inc.
  • 6153 Glendalough Place
  • Vancouver
  • British Columbia
  • V6N 1S5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABZTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2009
AAIN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2009

Biography

AsiaBaseMetals Inc. focuses in the exploration and development of metals in Canada. It explores for zinc, iron, cobalt, and lithium deposits. The company owns 100% interests in the Gnome zinc project consisting of 12 mineral claims covering an area of 5,868 hectares located in British Columbia; and Jean iron ore project comprising 78 mineral claims covering an area of 1,560 hectares located in the Thunder Bay Mining district of Ontario. It also focuses on growing and selling cannabis for medical purposes. The company was incorporated in 2009 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:52
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
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.