TSXV:ATY

Stock Analysis Report

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Executive Summary

Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin America. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ATY is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ATY's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

1.0%

ATY

-6.6%

CA Metals and Mining

1.1%

CA Market


1 Year Return

98.0%

ATY

39.0%

CA Metals and Mining

-1.5%

CA Market

Return vs Industry: ATY exceeded the Canadian Metals and Mining industry which returned 41% over the past year.

Return vs Market: ATY exceeded the Canadian Market which returned -1.8% over the past year.


Shareholder returns

ATYIndustryMarket
7 Day1.0%-6.6%1.1%
30 Day11.5%-8.3%5.9%
90 Day-11.8%-9.4%4.7%
1 Year98.0%98.0%40.1%39.0%2.1%-1.5%
3 Year-25.4%-25.4%37.7%34.8%11.0%0.2%
5 Year47.0%47.0%141.1%133.8%45.4%23.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Atico 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: ATY (CA$0.53) is trading below our estimate of fair value (CA$3.38)

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


Price To Earnings Ratio

PE vs Industry: ATY is good value based on its PE Ratio (8.7x) compared to the CA Metals and Mining industry average (20.6x).

PE vs Market: ATY is good value based on its PE Ratio (8.7x) compared to the Canadian market (15x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATY is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

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

2.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ATY's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if ATY's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATY's revenue (2.5% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: ATY's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Atico Mining performed over the past 5 years?

44.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATY has high quality earnings.

Growing Profit Margin: ATY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ATY has become profitable over the past 5 years, growing earnings by 44.7% per year.

Accelerating Growth: ATY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ATY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (71.8%).


Return on Equity

High ROE: ATY's Return on Equity (9.7%) is considered low.


Next Steps

Financial Health

How is Atico Mining's financial position?


Financial Position Analysis

Short Term Liabilities: ATY's short term assets ($25.7M) exceed its short term liabilities ($16.4M).

Long Term Liabilities: ATY's short term assets ($25.7M) exceed its long term liabilities ($18.3M).


Debt to Equity History and Analysis

Debt Level: ATY's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: ATY's debt to equity ratio has reduced from 28.6% to 8.7% over the past 5 years.

Debt Coverage: ATY's debt is well covered by operating cash flow (277.9%).

Interest Coverage: ATY's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


Next Steps

Dividend

What is Atico Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

4.8yrs

Average management tenure


CEO

Fernando Ganoza (47 yo)

8.58yrs

Tenure

US$549,397

Compensation

Mr. Fernando E. Ganoza, B. SC. ENGINEERING, MBA has been the Chief Executive Officer at Atico Mining Corporation since April 24, 2012. Mr. Ganoza has over 15 years of management experience in Latin America...


CEO Compensation Analysis

Compensation vs Market: Fernando's total compensation ($USD549.40K) is above average for companies of similar size in the Canadian market ($USD165.33K).

Compensation vs Earnings: Fernando's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Fernando Ganoza
CEO & Director8.58yrsUS$549.40k1.38%
$ 797.8k
Alain Bureau
President1.17yrsUS$250.55k0.55%
$ 318.2k
William Tsang
Chief Financial Officer4.75yrsUS$76.73k0.013%
$ 7.7k
Jorge Ganoza Aicardi
VP of Operations & Director9.67yrsUS$383.45k2.84%
$ 1.6m
Igor Dutina
Corporate Development Executiveno datano data0.094%
$ 54.5k
Joseph Salas
Senior Exploration Managerno datano datano data
Kim Casswell
Corporate Secretary9.5yrsno datano data

4.8yrs

Average Tenure

50yo

Average Age

Experienced Management: ATY's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fernando Ganoza
CEO & Director8.58yrsUS$549.40k1.38%
$ 797.8k
Jorge Ganoza Aicardi
VP of Operations & Director9.67yrsUS$383.45k2.84%
$ 1.6m
Michael Winn
Director9.67yrsUS$60.66k0.17%
$ 97.0k
Jonathan Goodman
Independent Director1.17yrsUS$43.23kno data
Mario Szotlender
Independent Director9.67yrsUS$66.66k1.58%
$ 914.8k
Luis Ganoza Durant
Non-Executive Chairman3.67yrsUS$79.10k2.37%
$ 1.4m
Luis Francisco Sáenz
Independent Director6.5yrsUS$68.16kno data

6.5yrs

Average Tenure

58yo

Average Age

Experienced Board: ATY's board of directors are considered experienced (6.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Atico Mining Corporation
  • Ticker: ATY
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$57.731m
  • Shares outstanding: 119.03m
  • Website: https://www.aticomining.com

Location

  • Atico Mining Corporation
  • 543 Granville Street
  • Suite 501
  • Vancouver
  • British Columbia
  • V6C 1X8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATYTSXV (TSX Venture Exchange)YesCommon SharesCACADMar 2012
9AODB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2012
ATCM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2012

Biography

Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin America. The company also explores for silver deposits. Its principal project is the E...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:59
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.