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Canaf Investments

TSXV:CAF
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAF
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Canaf Investments Inc., together with its subsidiaries, processes anthracite coal into de-volatized (calcined) anthracite in South Africa. The last earnings update was 21 days ago. More info.


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CAF Share Price and Events
7 Day Returns
-15%
TSXV:CAF
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-26.1%
TSXV:CAF
-5.9%
CA Metals and Mining
0.7%
CA Market
CAF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canaf Investments (CAF) -15% -5.6% 30.8% -26.1% - 13.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • CAF underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • CAF underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
CAF
Industry
5yr Volatility vs Market

CAF Value

 Is Canaf Investments undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canaf Investments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canaf Investments.

TSXV:CAF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:CAF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (2.59%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.136 * 5.96%)
8.72%

Discounted Cash Flow Calculation for TSXV:CAF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Canaf Investments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:CAF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.72%)
2019 0.40 Est @ 10.76% 0.36
2020 0.43 Est @ 8.11% 0.36
2021 0.45 Est @ 6.26% 0.35
2022 0.48 Est @ 4.97% 0.34
2023 0.50 Est @ 4.06% 0.33
2024 0.51 Est @ 3.43% 0.31
2025 0.53 Est @ 2.98% 0.29
2026 0.54 Est @ 2.67% 0.28
2027 0.56 Est @ 2.45% 0.26
2028 0.57 Est @ 2.3% 0.25
Present value of next 10 years cash flows $3.14
TSXV:CAF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.57 × (1 + 1.95%) ÷ (8.72% – 1.95%)
$8.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8.57 ÷ (1 + 8.72%)10
$3.72
TSXV:CAF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3.14 + $3.72
$6.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6.86 / 47.43
$0.14
TSXV:CAF Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:CAF)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.14 x 1.333
CA$0.19
Value per share (CAD) From above. CA$0.19
Current discount Discount to share price of CA$0.09
= -1 x (CA$0.09 - CA$0.19) / CA$0.19
55.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Canaf Investments is available for.
Intrinsic value
>50%
Share price is CA$0.085 vs Future cash flow value of CA$0.19272
Current Discount Checks
For Canaf Investments to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canaf Investments's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canaf Investments's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Canaf Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canaf Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:CAF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.01
TSXV:CAF Share Price ** TSXV (2019-03-19) in CAD CA$0.09
TSXV:CAF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.06
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canaf Investments.

TSXV:CAF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:CAF Share Price ÷ EPS (both in USD)

= 0.06 ÷ 0.01

5.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canaf Investments is good value based on earnings compared to the CA Metals and Mining industry average.
  • Canaf Investments is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Canaf Investments's expected growth come at a high price?
Raw Data
TSXV:CAF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.1%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Canaf Investments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canaf Investments's assets?
Raw Data
TSXV:CAF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $0.07
TSXV:CAF Share Price * TSXV (2019-03-19) in CAD CA$0.09
TSXV:CAF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.06
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:CAF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:CAF Share Price ÷ Book Value per Share (both in USD)

= 0.06 ÷ 0.07

0.86x

* Primary Listing of Canaf Investments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canaf Investments is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Canaf Investments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Canaf Investments has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CAF Future Performance

 How is Canaf Investments expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Canaf Investments, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth 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 it right!
Annual Growth Rate
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canaf Investments expected to grow at an attractive rate?
  • Canaf Investments's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Canaf Investments's earnings growth is positive but not above the Canada market average.
  • Unable to compare Canaf Investments's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:CAF Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:CAF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.1%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:CAF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:CAF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 15 1 1
2018-07-31 14 1 0
2018-04-30 13 1 1
2018-01-31 11 0 1
2017-10-31 11 1 1
2017-07-31 10 0 1
2017-04-30 9 0 1
2017-01-31 7 0 0
2016-10-31 5 0 0
2016-07-31 4 0 0
2016-04-30 5 0 0
2016-01-31 8 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canaf Investments's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Canaf Investments 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.
Raw Data
TSXV:CAF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Canaf Investments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CAF Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.01
2018-07-31 0.01
2018-04-30 0.01
2018-01-31 0.01
2017-10-31 0.01
2017-07-31 0.02
2017-04-30 0.01
2017-01-31 0.01
2016-10-31 0.00
2016-07-31 -0.01
2016-04-30 -0.01
2016-01-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Canaf Investments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Canaf Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canaf Investments has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CAF Past Performance

  How has Canaf Investments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canaf Investments's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canaf Investments's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Canaf Investments's 1-year earnings growth exceeds its 5-year average (8% vs -4.3%)
  • Canaf Investments's earnings growth has exceeded the CA Metals and Mining industry average in the past year (8% vs -23.7%).
Earnings and Revenue History
Canaf Investments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canaf Investments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CAF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 14.67 0.59 0.54
2018-07-31 14.39 0.46 0.49
2018-04-30 12.92 0.56 0.48
2018-01-31 10.98 0.53 0.47
2017-10-31 10.70 0.54 0.40
2017-07-31 10.24 0.73 0.41
2017-04-30 9.41 0.59 0.39
2017-01-31 6.67 0.31 0.37
2016-10-31 4.70 -0.18 0.36
2016-07-31 3.90 -0.40 0.35
2016-04-30 4.85 -0.46 0.37
2016-01-31 7.50 -0.21 0.39
2015-10-31 9.16 0.13 0.44
2015-07-31 12.24 0.29 0.50
2015-04-30 13.60 0.44 0.53
2015-01-31 12.68 0.30 0.53
2014-10-31 13.26 0.41 0.50
2014-07-31 13.54 0.47 0.50
2014-04-30 14.23 0.73 0.52
2014-01-31 15.19 0.83 0.52
2013-10-31 14.97 0.84 0.54
2013-07-31 13.22 0.76 0.49
2013-04-30 12.34 0.45 0.50
2013-01-31 11.51 0.39 0.57
2012-10-31 10.88 0.33 0.57
2012-07-31 10.85 0.53 0.61
2012-04-30 11.90 0.75 0.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Canaf Investments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canaf Investments used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Canaf Investments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Canaf Investments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Canaf Investments has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CAF Health

 How is Canaf Investments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Canaf Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canaf Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canaf Investments has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canaf Investments'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 checks below.
Assets
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 covered by short term assets, assets are 33.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Canaf Investments Company Filings, last reported 4 months ago.

TSXV:CAF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 3.60 0.08 0.55
2018-07-31 2.54 0.17 1.25
2018-04-30 2.60 0.27 0.32
2018-01-31 2.46 0.40 0.39
2017-10-31 1.91 0.42 0.45
2017-07-31 2.09 0.49 0.67
2017-04-30 1.90 0.57
2017-01-31 1.67 0.63 0.60
2016-10-31 1.47 0.70 0.38
2016-07-31 1.28 0.75 0.77
2016-04-30 1.23 0.80 0.76
2016-01-31 1.14 0.77 0.67
2015-10-31 1.63 0.95 0.88
2015-07-31 1.83 1.12 0.99
2015-04-30 1.98 1.18 1.45
2015-01-31 1.83 0.20 0.88
2014-10-31 1.92 0.00 0.45
2014-07-31 1.85 0.10 1.16
2014-04-30 1.79 0.11 1.13
2014-01-31 1.65 0.17 0.77
2013-10-31 1.71 0.18 1.31
2013-07-31 1.59 0.27 0.33
2013-04-30 1.41 0.32 0.38
2013-01-31 1.27 0.46 0.27
2012-10-31 1.16 0.44 1.43
2012-07-31 1.41 0.51 1.49
2012-04-30 1.53 0.74 1.18
  • Canaf Investments's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.3% vs 2.2% today).
  • Debt is well covered by operating cash flow (942.9%, greater than 20% of total debt).
  • Canaf Investments earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Canaf Investments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canaf Investments has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CAF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Canaf Investments dividends.
If you bought CA$2,000 of Canaf Investments shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Canaf Investments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canaf Investments's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:CAF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Canaf Investments has not reported any payouts.
  • Unable to verify if Canaf Investments's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Canaf Investments's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canaf Investments has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Canaf Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canaf Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canaf Investments has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CAF Management

 What is the CEO of Canaf Investments's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Christopher Way
COMPENSATION $67,117
TENURE AS CEO 7.8 years
CEO Bio

Mr. Christopher Way has been the President of Canaf Investments Inc. (formerly known as Canaf Group Inc.) since June 14, 2011 and its Chief Executive Officer since June 2011. Mr. Way served as a Consultant at Canaf Investments Inc. (formerly known as Canaf Group Inc.). He joined Canaf in March 2007. In 2007, he left for Africa to assist Canaf with due diligence in Zimbabwe. Mr. Way has represented Canaf in Zimbabwe, South Africa, DRC and Sierra Leone. He has been a Director of Canaf Investments Inc. (formerly known as Canaf Group Inc.) since July 14, 2008. He served as a Director of Canaf Group, Inc. since July 2008 until January 11, 2010. He was awarded a sponsorship by an agency of the Ministry of Defense to study at Durham University after working for them in a Defense unit. Mr. Way graduated from Durham University (United Kingdom) with a Masters in Civil Engineering.

CEO Compensation
  • Christopher's compensation has been consistent with company performance over the past year.
  • Christopher's remuneration is lower than average for companies of similar size in Canada.
Management Team

Christopher Way

TITLE
President
COMPENSATION
$67K
TENURE
7.8 yrs

Rebecca Williams

TITLE
CFO & Director
TENURE
0.7 yrs

Rick Skeith

TITLE
Corporate Secretary
AGE
65
Board of Directors Tenure

Average tenure of the Canaf Investments board of directors in years:

8.6
Average Tenure
  • The tenure for the Canaf Investments board of directors is about average.
Board of Directors

David Way

TITLE
Chairman of the Board
TENURE
7.8 yrs

Christopher Way

TITLE
President
COMPENSATION
$67K
TENURE
10.7 yrs

Rebecca Williams

TITLE
CFO & Director
TENURE
0.7 yrs

Kevin Corrigan

TITLE
Non-Executive Director
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Nov 18 Buy Christopher Way Individual 16. Nov 18 16. Nov 18 90,000 CA$0.09 CA$7,650
24. Oct 18 Buy Christopher Way Individual 24. Oct 18 24. Oct 18 93,000 CA$0.08 CA$7,440
X
Management checks
We assess Canaf Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canaf Investments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CAF News

Simply Wall St News

What You Must Know About Canaf Investments Inc.'s (CVE:CAF) Beta Value

(CVE:CAF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Should Canaf Investments Be Disappointed With Their 20% Profit?

Furthermore, you'd generally like to see the share price rise faster than the market. … (CVE:CAF) share price is up 20% in the last five years, that's less than the market return. … During the five years of share price growth, Canaf Investments moved from a loss to profitability.

Simply Wall St -

Could Canaf Investments Inc.'s (CVE:CAF) Investor Composition Influence The Stock Price?

If you want to know who really controls Canaf Investments Inc. … Canaf Investments is not a large company by global standards. … View our latest analysis for Canaf Investments

Simply Wall St -

Read This Before You Buy Canaf Investments Inc. (CVE:CAF) Because Of Its P/E Ratio

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Canaf Investments Inc.'s (CVE:CAF) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Worry About Canaf Investments Inc's (CVE:CAF) CEO Pay Cheque?

How Does Christopher Way's Compensation Compare With Similar Sized Companies. … According to our data, Canaf Investments Inc has a market capitalization of CA$3.6m, and pays its CEO total annual compensation worth US$67k. … It is worth noting that the CEO compensation consists almost entirely of the salary, worth US$67k

Simply Wall St -

Should You Be Tempted To Buy Canaf Investments Inc (CVE:CAF) At Its Current PE Ratio?

While CAF might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Breaking down the Price-Earnings ratio

Simply Wall St -

What Kind Of Risk Should You Expect For Canaf Investments Inc (CVE:CAF)?

The second risk is market-wide, which arises from investing in the stock market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

What You Must Know About Canaf Investments Inc's (CVE:CAF) Financial Strength

Canaf Investments Inc (CVE:CAF) is a small-cap stock with a market capitalization of US$4.98m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

How Financially Strong Is Canaf Group Inc (CVE:CAF)?

While small-cap stocks, such as Canaf Group Inc (CVE:CAF) with its market cap of CA$5.45m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Canaf Group Inc (TSXV:CAF): Time For A Financial Health Check

Check out our latest analysis for Canaf Group How does CAF’s operating cash flow stack up against its debt? … CAF’s high cash coverage and appropriate debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow. … Although CAF’s debt level is relatively low, it has the ability to efficiently utilise its borrowings to generate ample cash flow coverage.

Simply Wall St -

CAF Company Info

Description

Canaf Investments Inc., together with its subsidiaries, processes anthracite coal into de-volatized (calcined) anthracite in South Africa. It offers calcined anthracite to steel and ferromanganese manufacturers as a substitute product for coke. The company was formerly known as Canaf Group Inc. and changed its name to Canaf Investments Inc. in July 2018. Canaf Investments Inc. was founded in 1996 and is headquartered in Vancouver, Canada.

Details
Name: Canaf Investments Inc.
CAF
Exchange: TSXV
Founded: 1996
CA$4,031,226
47,426,195
Website: http:// www.canafinvestments.com
Address: Canaf Investments Inc.
666 Burrard Street,
Suite 500,
Vancouver,
British Columbia, V6C 3P6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV CAF Common Shares TSX Venture Exchange CA CAD 24. Sep 1997
OTCPK CAFZ.F Common Shares Pink Sheets LLC US USD 24. Sep 1997
DB 3CF Common Shares Deutsche Boerse AG DE EUR 24. Sep 1997
Number of employees
Current staff
Staff numbers
0
Canaf Investments employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:06
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.