Executive Summary
Corsa Coal Corp. operates as a coal mining company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-7.1%
CSO
-0.9%
CA Metals and Mining
-1.0%
CA Market
1 Year Return
-40.9%
CSO
54.1%
CA Metals and Mining
-4.3%
CA Market
Return vs Industry: CSO underperformed the Canadian Metals and Mining industry which returned 54.2% over the past year.
Return vs Market: CSO underperformed the Canadian Market which returned -4.2% over the past year.
Shareholder returns
| CSO | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.1% | -0.9% | -1.0% |
| 30 Day | -2.5% | -1.2% | 1.3% |
| 90 Day | -2.5% | -1.2% | 1.9% |
| 1 Year | -40.9%-40.9% | 55.3%54.1% | -0.9%-4.3% |
| 3 Year | -87.1%-87.1% | 58.2%55.1% | 6.4%-4.0% |
| 5 Year | -78.3%-78.3% | 151.2%143.4% | 33.3%12.8% |
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
2 months ago | Simply Wall St
Is Corsa Coal (CVE:CSO) Using Debt In A Risky Way?7 months ago | Simply Wall St
Is Corsa Coal (CVE:CSO) Using Too Much Debt?8 months ago | Simply Wall St
Are Corsa Coal Corp.’s (CVE:CSO) High Returns Really That Great?Valuation
Is Corsa Coal 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: CSO (CA$0.2) is trading below our estimate of fair value (CA$0.73)
Significantly Below Fair Value: CSO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSO is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: CSO is unprofitable, so we can't compare its PE Ratio to the Canadian market.
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 (0.2x) compared to the CA Metals and Mining industry average (2.8x).
Next Steps
Future Growth
How is Corsa Coal forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
22.6%
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 Corsa Coal 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
- Examine whether Corsa Coal is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Corsa Coal competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Corsa Coal performed over the past 5 years?
47.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSO is currently unprofitable.
Growing Profit Margin: CSO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CSO is unprofitable, but has reduced losses over the past 5 years at a rate of 47.3% per year.
Accelerating Growth: Unable to compare CSO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CSO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).
Return on Equity
High ROE: CSO has a negative Return on Equity (-52.02%), as it is currently unprofitable.
Next Steps
Financial Health
How is Corsa Coal's financial position?
Financial Position Analysis
Short Term Liabilities: CSO's short term assets ($37.2M) exceed its short term liabilities ($23.8M).
Long Term Liabilities: CSO's short term assets ($37.2M) do not cover its long term liabilities ($76.4M).
Debt to Equity History and Analysis
Debt Level: CSO's debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: CSO's debt to equity ratio has increased from 15.7% to 17.2% over the past 5 years.
Balance Sheet
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: Whilst unprofitable CSO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CSO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.2% per year.
Next Steps
Dividend
What is Corsa Coal 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 recent payouts.
High Dividend: Unable to evaluate CSO'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 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
1.25yrs
Tenure
US$482,615
Compensation
Mr. Peter V. Merritts, also known as Pete, serves as Chief Executive Officer and Director of Corsa Coal Corporation since July 12, 2019. He served as President of Northern Appalachia (Napp) Division at Cor ...
CEO Compensation Analysis
Compensation vs Market: Pete's total compensation ($USD482.62K) is above average for companies of similar size in the Canadian market ($USD171.43K).
Compensation vs Earnings: Pete's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.25yrs | US$482.62k | 0.025% $ 4.5k | |
| CFO & Corporate Secretary | 5.33yrs | US$488.25k | no data | |
| VP of Finance & Treasurer | 1.08yrs | 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 | 1.25yrs | US$482.62k | 0.025% $ 4.5k | |
| Independent Director | 9.83yrs | US$29.51k | 0.021% $ 3.8k | |
| Independent Director | 7.25yrs | US$55.51k | no data | |
| Independent Director | 7.25yrs | US$58.01k | no data | |
| Independent Director | 11.17yrs | US$58.01k | no data | |
| Chairman of the Board | 3.42yrs | no data | no data | |
| Director | 3.58yrs | no data | no data |
7.3yrs
Average Tenure
73yo
Average Age
Experienced Board: CSO's board of directors are considered experienced (7.3 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
Corsa Coal Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Corsa Coal Corp.
- Ticker: CSO
- Exchange: TSXV
- Founded:
- Industry: Steel
- Sector: Materials
- Market Cap: CA$18.478m
- Shares outstanding: 94.76m
- Website: https://www.corsacoal.com
Number of Employees
Location
- Corsa Coal Corp.
- 1576 Stoystown Road
- PO Box 260
- Friedens
- Pennsylvania
- 15541
- 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. operates as a coal mining company. It is involved in mining, processing, and selling metallurgical coal; and exploring, acquiring, and developing resource properties. The company produces ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 00:47 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.