TSXV:AVX

Stock Analysis Report

Executive Summary

Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

AVX

-1.5%

CA Metals and Mining

-3.8%

CA Market


1 Year Return

-80.0%

AVX

4.9%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: AVX underperformed the Canadian Metals and Mining industry which returned 4.9% over the past year.

Return vs Market: AVX underperformed the Canadian Market which returned 0.5% over the past year.


Shareholder returns

AVXIndustryMarket
7 Day0%-1.5%-3.8%
30 Day0%3.2%-2.0%
90 Day0%10.2%-0.3%
1 Year-80.0%-80.0%5.6%4.9%3.7%0.5%
3 Year-99.1%-99.1%-1.9%-3.6%13.6%3.4%
5 Year-96.7%-96.7%28.2%24.6%30.2%11.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Altair Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Altair Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of AVX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Altair Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

13.7%

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 Altair 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 Altair Resources performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVX is currently unprofitable.

Growing Profit Margin: AVX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AVX is unprofitable, and losses have increased over the past 5 years at a rate of -5.9% per year.

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

Earnings vs Industry: AVX 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: AVX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Altair Resources's financial position?


Financial Position Analysis

Short Term Liabilities: AVX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AVX 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: AVX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AVX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: AVX has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: AVX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AVX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.7yrs

Average management tenure


CEO

Roy Shipes (76yo)

3yrs

Tenure

CA$220,673

Compensation

Mr. Harold Shipes also known as Roy has been Chairman and Director at Altair Resources Inc. since November 7, 2017 and October 12, 2016 respectively. He is Non-Executive Chairman of American Pacific Borate ...


CEO Compensation Analysis

Compensation vs Market: Roy's total compensation ($USD166.07K) is about average for companies of similar size in the Canadian market ($USD155.12K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Harold Shipes
Chairman & CEO3yrsCA$220.67k0.44% CA$875.0
Nick DeMare
Interim CFO & Corporate Secretary2.7yrsCA$100.25kno data
Stewart Jackson
Geological Technical Director3.1yrsno datano data
Selim Berisha
Chief Geologist2.7yrsno datano data
Zahir Dhanani
Chairman of Advisory Board0yrsno data11.09% CA$21.9k
Perry Grunenberg
Independent Consultant & Project Manager0yrsno datano data

2.7yrs

Average Tenure

65yo

Average Age

Experienced Management: AVX's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harold Shipes
Chairman & CEO3yrsCA$220.67k0.44% CA$875.0
Zahir Dhanani
Chairman of Advisory Board0yrsno data11.09% CA$21.9k
Bruce Reid
Independent Director3.3yrsno datano data
George Cavey
Member of Advisory Board3.1yrsno datano data
Jeffrey Steiner
Independent Director2.8yrsno datano data
A. Gill
Member of Advisory Board3.3yrsno datano data
Yen Chih
Member of Advisory Board3.8yrsno datano data
Aylin Aksu
Independent Director3.8yrsno datano data
Abo Taheri
Member of Advisory Board3.8yrsno datano data
Mustafe Havolli
Member of Advisory Board3.2yrsno datano data

3.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: AVX's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AVX insiders have only sold shares 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 29.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Altair Resources Inc.
  • Ticker: AVX
  • Exchange: TSXV
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$197.053k
  • Shares outstanding: 19.71m
  • Website: https://www.altairresources.com

Location

  • Altair Resources Inc.
  • 1090 West Georgia Street
  • Suite 1305
  • Vancouver
  • British Columbia
  • V6E 3V7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVXTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2006
AAEE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2006
90AADB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2006

Biography

Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. It primarily explores for zinc and silver deposits. The company holds a 100% interest in the Pan American and Prince mines; and the Caselton concentrator in the Pioche district, Nevada. It also holds interests in White Hills, Kino, Mathers, Tilia, and Virium properties located in the Abitibi area of Quebec province. In addition, it holds a 100% interest in the Lejin property located in Peru. The company was formerly known as Altair Gold Inc. and changed its name to Altair Resources Inc. in June 2016. Altair Resources Inc. was founded in 2005 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 Analysis2020/02/26 00:47
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.