Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada.
The last earnings update was 19 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Altair Resources. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Altair Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Altair Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Altair Resources's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Altair Resources's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Altair Resources is high growth as no earnings estimate data is available.
Unable to determine if Altair Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Altair Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Altair Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Altair Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Altair Resources has no long term commitments.
This treemap shows a more detailed breakdown of
Altair Resources's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
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. Mr. Shipes has been Chief Executive Officer of Altair Resources Inc. since February 7, 2017 and was its President October 12, 2016 until July 2018. Mr. Shipes has over 50 years’ commercial experience in metals & mining – primarily engineering and project development around the world including the USA, Canada, Peru, Australia, PNG, Venezuela and Mexico. He served as CEO and General Manager of OKTedi Mining Ltd, GM Operations for the Southern Peru Copper Corporation and previously for Phelps Dodge Corporation. He was founder and President of a number of North American focused mining companies, including American Pacific Mining, Western States Engineering and Atlas Precious Metals Inc.He served as Director at Bunker Hill Mining Corp. until September 2018.
Roy's compensation has increased whilst company is loss making.
Roy's remuneration is about average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Altair Resources management team is less than 2 years, this suggests a new team.
Chairman & CEO
Interim CFO & Corporate Secretary
Geological Technical Director
Chairman of Advisory Board
Independent Consultant & Project Manager
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Altair Resources board of directors is less than 3 years, this suggests a new board.
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, silver, gold, lead, and lithium deposits. The company holds 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 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.
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