Executive Summary
Corsa Coal Corp. engages in mining, processing, and selling metallurgical coal; and exploring, acquiring, and developing resource properties.
Snowflake
Fundamentals
Undervalued 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
Market Performance
7 Day Return
-5.7%
CSO
0.5%
CA Metals and Mining
0.2%
CA Market
1 Year Return
-64.1%
CSO
15.0%
CA Metals and Mining
3.5%
CA Market
Return vs Industry: CSO underperformed the Canadian Metals and Mining industry which returned 15% over the past year.
Return vs Market: CSO underperformed the Canadian Market which returned 3.5% over the past year.
Shareholder returns
| CSO | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.7% | 0.5% | 0.2% |
| 30 Day | -25.0% | -8.9% | -3.3% |
| 90 Day | -50.0% | -8.0% | -1.9% |
| 1 Year | -64.1%-64.1% | 15.9%15.0% | 7.3%3.5% |
| 3 Year | -86.3%-86.3% | -11.6%-13.2% | 14.7%4.4% |
| 5 Year | -92.5%-92.5% | 15.4%11.6% | 26.2%7.7% |
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 week ago | Simply Wall St
A Close Look At Corsa Coal Corp.’s (CVE:CSO) 5.6% ROCE1 month ago | Simply Wall St
The Corsa Coal (CVE:CSO) Share Price Is Down 89% So Some Shareholders Are Rather Upset2 months ago | Simply Wall St
What Kind Of Shareholder Appears On The Corsa Coal Corp.'s (CVE:CSO) Shareholder Register?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$0.33) is trading below our estimate of fair value (CA$0.87)
Significantly Below Fair Value: CSO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSO is good value based on its PE Ratio (2.1x) compared to the Metals and Mining industry average (13.4x).
PE vs Market: CSO is good value based on its PE Ratio (2.1x) compared to the Canadian market (13.7x).
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 (1.3x).
Next Steps
Future Growth
How is Corsa Coal forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSO's forecast earnings growth (6.1% per year) is above the savings rate (1.9%).
Earnings vs Market: CSO's earnings (6.1% per year) are forecast to grow slower than the Canadian market (13% per year).
High Growth Earnings: CSO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CSO's revenue (19.9% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: CSO's revenue (19.9% 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?
39.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CSO's earnings have grown significantly by 39.1% per year over the past 5 years.
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 (-85.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (-11.9%).
Return on Equity
High ROE: CSO's Return on Equity (9.7%) is considered low.
Return on Assets
ROA vs Industry: CSO has a higher Return on Assets than the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: CSO's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Corsa Coal's financial position?
Financial Position Analysis
Short Term Liabilities: CSO's short term assets ($56.7M) exceeds its short term liabilities ($49.5M)
Long Term Liabilities: CSO's short term assets (56.7M) do not cover its long term liabilities (74.9M)
Debt to Equity History and Analysis
Debt Level: CSO's debt to equity ratio (17.7%) is considered satisfactory
Reducing Debt: CSO's debt to equity ratio has increased from 3.8% to 17.7% over the past 5 years.
Debt Coverage: CSO's debt is well covered by operating cash flow (95.1%).
Interest Coverage: CSO's interest payments on its debt are not well covered by EBIT (2.3x coverage).
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 2x debt).
Next Steps
Dividend
What is Corsa Coal's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
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.
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
What is the CEO of Corsa Coal's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Pete Merritts 0
0.3yrs
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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Canadian market.
Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.
Management Age and Tenure
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 Age and Tenure
6.3yrs
Average Tenure
72yo
Average Age
Experienced Board: CSO's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Kevin Harrigan (41yo)
CFO & Corporate Secretary
- Tenure: 4.3yrs
- Compensation: US$437.61k
Pete Merritts
CEO & Director
- Tenure: 0.3yrs
- Compensation: US$427.87k
Fred Cushmore
VP & Head of International Sales
- Tenure: 1.3yrs
- Compensation: US$365.96k
Board Members
John Craig (72yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$41.74k
Alan De'Ath (65yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$66.74k
Ronald Stovash (70yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$69.24k
Robert Scott (73yo)
Independent Director
- Tenure: 10.2yrs
- Compensation: US$69.24k
Bo Sturdivant (73yo)
Chairman of the Board
- Tenure: 2.4yrs
Kai Xia
Director
- Tenure: 2.6yrs
Pete Merritts
CEO & Director
- Tenure: 0.3yrs
- Compensation: US$427.87k
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$31.271m
- 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 th ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/24 00:13 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| 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.