TSXV:CSO

Stock Analysis Report

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Executive Summary

Corsa Coal Corp. operates as a coal mining company. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.


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 is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: CSO's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-4.8%

CSO

5.8%

CA Metals and Mining

-0.002%

CA Market


1 Year Return

-24.5%

CSO

39.3%

CA Metals and Mining

0.7%

CA Market

Return vs Industry: CSO underperformed the Canadian Metals and Mining industry which returned 37% over the past year.

Return vs Market: CSO underperformed the Canadian Market which returned -0.8% over the past year.


Shareholder returns

CSOIndustryMarket
7 Day-4.8%5.8%-0.002%
30 Day0%-2.2%11.9%
90 Day25.0%-9.3%5.7%
1 Year-24.5%-24.5%40.4%39.3%4.4%0.7%
3 Year-85.7%-85.7%50.8%47.5%12.7%1.7%
5 Year-66.7%-66.7%152.7%145.0%53.8%30.2%

Long-Term 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

Valuation

Is Corsa Coal undervalued compared to its fair value and its price relative to the market?

0.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CSO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CSO's fair value to establish if it is undervalued.


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 (0.3x) compared to the CA Metals and Mining industry average (2.6x).


Next Steps

Future Growth

How is Corsa Coal forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

28.1%

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

Past Performance

How has Corsa Coal performed over the past 5 years?

38.8%

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 38.8% 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 (93.2%).


Return on Equity

High ROE: CSO has a negative Return on Equity (-58.38%), 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 ($25.3M) exceed its short term liabilities ($22.5M).

Long Term Liabilities: CSO's short term assets ($25.3M) do not cover its long term liabilities ($68.3M).


Debt to Equity History and Analysis

Debt Level: CSO's debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: CSO's debt to equity ratio has reduced from 18.7% to 10% 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 53.3% 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

1.33yrs

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 ($USD482.62K) is above average for companies of similar size in the Canadian market ($USD165.57K).

Compensation vs Earnings: Pete's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Merritts
CEO & Director1.33yrsUS$482.62k0.025%
$ 4.7k
Kevin Harrigan
CFO & Corporate Secretary5.42yrsUS$488.25kno data
Daniel Bonacci
VP of Finance & Treasurer1.17yrsno datano 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

NamePositionTenureCompensationOwnership
Peter Merritts
CEO & Director1.33yrsUS$482.62k0.025%
$ 4.7k
John Craig
Independent Director9.92yrsUS$29.51k0.021%
$ 3.9k
Alan De'Ath
Independent Director7.33yrsUS$55.51kno data
Ronald Stovash
Independent Director7.33yrsUS$58.01kno data
Robert Scott
Independent Director11.25yrsUS$58.01kno data
Robert Sturdivant
Chairman of the Board3.5yrsno datano data
Kai Xia
Director3.67yrsno datano 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$18.952m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSOTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2013
4RC1DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2013
CRSX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 00:41
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.