Executive Summary
Corsa Coal Corp. engages in mining, processing, and selling metallurgical coal; and exploring, acquiring, and developing resource properties.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Corsa Coal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CSO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
CSO
-7.9%
CA Metals and Mining
3.7%
CA Market
1 Year Return
-84.1%
CSO
-11.9%
CA Metals and Mining
-23.7%
CA Market
Return vs Industry: CSO underperformed the Canadian Metals and Mining industry which returned -11.9% over the past year.
Return vs Market: CSO underperformed the Canadian Market which returned -23.7% over the past year.
Shareholder returns
| CSO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -7.9% | 3.7% |
| 30 Day | -46.0% | -11.1% | -19.7% |
| 90 Day | -54.2% | -18.4% | -24.3% |
| 1 Year | -84.1%-84.1% | -11.3%-11.9% | -21.2%-23.7% |
| 3 Year | -93.7%-93.7% | -19.7%-21.2% | -13.3%-21.4% |
| 5 Year | -94.8%-94.8% | 3.6%0.7% | -0.8%-15.5% |
Price Volatility Vs. Market
How volatile is Corsa Coal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is Corsa Coal (CVE:CSO) Using Too Much Debt?1 month ago | Simply Wall St
Are Corsa Coal Corp.’s (CVE:CSO) High Returns Really That Great?2 months ago | Simply Wall St
The Corsa Coal (CVE:CSO) Share Price Is Down 91% So Some Shareholders Are Rather UpsetValuation
Is Corsa Coal undervalued compared to its fair value and its price relative to the market?
0.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CSO (CA$0.14) is trading above our estimate of fair value (CA$0.04)
Significantly Below Fair Value: CSO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CSO is good value based on its PE Ratio (0.6x) compared to the Metals and Mining industry average (11.3x).
PE vs Market: CSO is good value based on its PE Ratio (0.6x) compared to the Canadian market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CSO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CSO is good value based on its PB Ratio (0.1x) compared to the CA Metals and Mining industry average (1.1x).
Next Steps
Future Growth
How is Corsa Coal forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
11.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CSO's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if CSO'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: CSO's revenue (11.9% per year) is forecast to grow faster than the Canadian market (3.7% per year).
High Growth Revenue: CSO's revenue (11.9% 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 CSO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Corsa Coal performed over the past 5 years?
51.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSO has a large one-off gain of $2.9M impacting its September 30 2019 financial results.
Growing Profit Margin: CSO's current net profit margins (5.8%) are lower than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: CSO has become profitable over the past 5 years, growing earnings by 51.1% per year.
Accelerating Growth: CSO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CSO had negative earnings growth (-79.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (16.5%).
Return on Equity
High ROE: CSO's Return on Equity (11.2%) is considered low.
Next Steps
Financial Health
How is Corsa Coal's financial position?
Financial Position Analysis
Short Term Liabilities: CSO's short term assets ($50.8M) exceed its short term liabilities ($40.4M).
Long Term Liabilities: CSO's short term assets ($50.8M) do not cover its long term liabilities ($75.8M).
Debt to Equity History and Analysis
Debt Level: CSO's debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: CSO's debt to equity ratio has increased from 11.3% to 12.8% over the past 5 years.
Balance Sheet
Inventory Level: CSO has a high level of physical assets or inventory.
Debt Coverage by Assets: CSO's debt is covered by short term assets (assets are 2.5x debt).
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: CSO is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: CSO is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Corsa Coal's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CSO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CSO'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 CSO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CSO'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 CSO'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?
1.3yrs
Average management tenure
CEO
Pete Merritts
0.75
Tenure
US$427,865
Compensation
Mr. Peter V. Merritts, also known as Pete, serves as Chief Executive Officer and Director of Corsa Coal Corp. since July 12, 2019. He had been President of Northern Appalachia (Napp) Division at Corsa Coal ...
CEO Compensation Analysis
Compensation vs Market: Pete's total compensation ($USD427.87K) is above average for companies of similar size in the Canadian market ($USD158.74K).
Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.75yr | US$427.87k | 0.49% $63.0k | |
| CFO & Corporate Secretary | 4.83yrs | US$437.61k | no data | |
| VP & Head of International Sales | 1.75yrs | US$365.96k | no data | |
| VP of Finance & Treasurer | 0.58yr | no data | no data |
1.3yrs
Average Tenure
Experienced Management: CSO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.75yr | US$427.87k | 0.49% $63.0k | |
| Independent Director | 9.33yrs | US$41.74k | 0.021% $2.6k | |
| Independent Director | 6.75yrs | US$66.74k | no data | |
| Independent Director | 6.75yrs | US$69.24k | no data | |
| Independent Director | 10.67yrs | US$69.24k | no data | |
| Chairman of the Board | 2.92yrs | no data | no data | |
| Director | 3.08yrs | no data | no data |
6.8yrs
Average Tenure
72yo
Average Age
Experienced Board: CSO's board of directors are considered experienced (6.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Corsa Coal Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Corsa Coal Corp.
- Ticker: CSO
- Exchange: TSXV
- Founded: 2007
- Industry: Steel
- Sector: Materials
- Market Cap: CA$12.792m
- Shares outstanding: 94.76m
- Website: https://www.corsacoal.com
Number of Employees
Location
- Corsa Coal Corp.
- 4600 J. Barry Court
- Suite 220
- Canonsburg
- Pennsylvania
- 15317
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CSO | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Aug 2013 |
| 4RC1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2013 |
| CRSX.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Aug 2013 |
Biography
Corsa Coal Corp. engages in mining, processing, and selling metallurgical coal; and exploring, acquiring, and developing resource properties. The company produces and sells a metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States. It serves steel and coke producers. The company markets and sells its coal to customers in North America, Europe, South America, and Asia. Corsa Coal Corp. was founded in 2007 and is headquartered in Canonsburg, Pennsylvania.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 01:19 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.