TSXV:CSO

Stock Analysis Report

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.

Risks

  • Corsa Coal has significant price volatility in the past 3 months.
  • Corsa Coal is covered by less than 3 analysts.

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

-7.0%

TSXV:CSO

-0.4%

CA Metals and Mining

1.2%

CA Market


1 Year Return

-62.8%

TSXV:CSO

18.6%

CA Metals and Mining

-0.4%

CA Market

CSO underperformed the Metals and Mining industry which returned 21.6% over the past year.

CSO underperformed the Market in Canada which returned -0.3% over the past year.


Share holder returns

CSOIndustryMarket
7 Day-7.0%-0.4%1.2%
30 Day-18.4%-0.5%3.3%
90 Day-38.0%6.3%0.8%
1 Year-62.8%-62.8%19.5%18.6%3.1%-0.4%
3 Year-82.1%-82.1%-14.4%-15.9%18.0%7.4%
5 Year-90.1%-90.1%0.6%-3.2%22.0%4.5%

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

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Corsa Coal's share price is below the future cash flow value, and at a moderate discount (> 20%).

Corsa Coal's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Corsa Coal is good value based on earnings compared to the CA Metals and Mining industry average.

Corsa Coal is good value based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Corsa Coal, we can't assess if its growth is good value.


Price Based on Value of Assets

Corsa Coal is good value based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

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

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Corsa Coal's revenue is expected to grow by 19.9% yearly, however this is not considered high growth (20% yearly).

Corsa Coal's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).

Corsa Coal's revenue growth is expected to exceed the Canada market average.

Corsa Coal's earnings growth is positive but not above the Canada market average.

Corsa Coal's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Corsa Coal will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Corsa Coal has delivered over 20% year on year earnings growth in the past 5 years.

Corsa Coal's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Corsa Coal's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.


Return on Equity

Corsa Coal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Corsa Coal used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

Corsa Coal has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Corsa Coal's financial position?


Financial Position Analysis

Corsa Coal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Corsa Coal's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Corsa Coal's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (3.8% vs 17.7% today).

Debt is well covered by operating cash flow (95.1%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Unable to evaluate Corsa Coal's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Corsa Coal's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Corsa Coal has not reported any payouts.

Unable to verify if Corsa Coal's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Corsa Coal 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.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Pete Merritts 0

0.2yrs

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

Pete's remuneration is higher than average for companies of similar size in Canada.

Pete's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.2yrs

Average Tenure

The average tenure for the Corsa Coal management team is less than 2 years, this suggests a new team.


Board Age and Tenure

6.2yrs

Average Tenure

72yo

Average Age

The tenure for the Corsa Coal board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$35,99905 Oct 18
George Dethlefsen
EntityIndividual
Shares30,000
Max PriceUS$1.20

Ownership Breakdown


Management Team

  • Kevin Harrigan (41yo)

    CFO & Corporate Secretary

    • Tenure: 4.3yrs
    • Compensation: US$437.61k
  • Pete Merritts

    CEO & Director

    • Tenure: 0.2yrs
    • Compensation: US$427.87k
  • Taylor Kennedy

    Corporate Controller

    • Tenure: 1.8yrs
  • Fred Cushmore

    VP & Head of International Sales

    • Tenure: 1.2yrs
    • Compensation: US$365.96k
  • Matthew Schicke

    Chief Commercial Officer

    • Tenure: 1.2yrs

Board Members

  • John Craig (72yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$41.74k
  • Alan De'Ath (65yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$66.74k
  • Ronald Stovash (70yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$69.24k
  • Robert Scott (73yo)

    Director

    • Tenure: 10.1yrs
    • Compensation: US$69.24k
  • Bo Sturdivant (73yo)

    Chairman of the Board

    • Tenure: 2.3yrs
  • Kai Xia

    Director

    • Tenure: 2.5yrs
  • Pete Merritts

    CEO & Director

    • Tenure: 0.2yrs
    • 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$44.063m
  • 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

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. 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 00:02
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.