TSXV:DLTA

Stock Analysis Report

Executive Summary

Delta Resources Limited, a mineral exploration company, engages in the acquisition, exploration, and development of gold and base metal projects in Canada.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.

Share Price & News

How has Delta Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

14.3%

DLTA

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

110.5%

DLTA

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: DLTA exceeded the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: DLTA exceeded the Canadian Market which returned 3.5% over the past year.


Shareholder returns

DLTAIndustryMarket
7 Day14.3%0.5%0.2%
30 Day21.2%-8.9%-3.3%
90 Day17.6%-8.0%-1.9%
1 Year110.5%110.5%15.9%15.0%7.3%3.5%
3 Year-29.8%-29.8%-11.6%-13.2%14.7%4.4%
5 Year33.3%33.3%15.4%11.6%26.2%7.7%

Price Volatility Vs. Market

How volatile is Delta Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Delta Resources undervalued compared to its fair value and its price relative to the market?

66.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: DLTA is poor value based on its PE Ratio (66.6x) compared to the Metals and Mining industry average (13.4x).

PE vs Market: DLTA is poor value based on its PE Ratio (66.6x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DLTA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DLTA is overvalued based on its PB Ratio (22x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Delta Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.7%

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 Delta Resources 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 Delta Resources performed over the past 5 years?

-21.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DLTA's earnings have declined by -21.4% per year over the past 5 years.

Accelerating Growth: DLTA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DLTA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: DLTA's Return on Equity (23.3%) is considered high.


Return on Assets

ROA vs Industry: DLTA has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: DLTA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Delta Resources's financial position?


Financial Position Analysis

Short Term Liabilities: DLTA's short term assets (CA$237.7K) exceeds its short term liabilities (CA$111.4K)

Long Term Liabilities: DLTA has no long term liabilities


Debt to Equity History and Analysis

Debt Level: DLTA is debt free.

Reducing Debt: DLTA has not had any debt for past 5 years.

Debt Coverage: DLTA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DLTA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: DLTA has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if DLTA's debt is covered by short term assets.


Next Steps

Dividend

What is Delta Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DLTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DLTA'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 DLTA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DLTA'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 DLTA'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 Delta Resources's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Andre Tessier (56yo)

0.3yrs

Tenure

0

Mr. Andre C. Tessier has been the Chief Executive Officer at Delta Resources Ltd since June 20, 2019 and its Director since June 28, 2019. Mr. Tessier serves as President of Delta Resources Ltd. Mr. Tessie ...


Management Age and Tenure

3.1yrs

Average Tenure

Experienced Management: DLTA's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

6.8yrs

Average Tenure

59yo

Average Age

Experienced Board: DLTA's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

Insider Buying: DLTA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$4,40010 Sep 19
Frank Candido
EntityIndividual
Role
Chairman of the Board
Chairman
Shares30,000
Max PriceCA$0.15
BuyCA$8,90117 Jul 19
Andre Tessier
EntityIndividual
Role
Chief Executive Officer
President
Shares64,000
Max PriceCA$0.14
BuyCA$12,00004 Jul 19
Frank Candido
EntityIndividual
Role
Chairman of the Board
Chairman
Shares200,000
Max PriceCA$0.06
BuyCA$1,25019 Feb 19
Frank Candido
EntityIndividual
Role
Chairman of the Board
Chairman
Shares25,000
Max PriceCA$0.05
BuyCA$1,60027 Nov 18
Frank Candido
EntityIndividual
Role
Chairman of the Board
Chairman
Shares20,000
Max PriceCA$0.08
BuyCA$2,40026 Nov 18
Frank Candido
EntityIndividual
Role
Chairman of the Board
Chairman
Shares30,000
Max PriceCA$0.08

Ownership Breakdown


Management Team

  • James Tilsley

    Chief Geologist

    • Tenure: 0yrs
  • Peter Smith

    • Tenure: 10.2yrs
  • Nathalie Laurin (50yo)

    CFO & Secretary

    • Tenure: 5.8yrs
    • Compensation: CA$20.86k
  • Michel Chapdelaine

    VP of Exploration & COO

    • Tenure: 0.3yrs
  • Andre Tessier (56yo)

    President

    • Tenure: 0.3yrs

Board Members

  • Roy Millington (59yo)

    Independent Director

    • Tenure: 6.8yrs
  • Mike Zurowski (60yo)

    Independent Director

    • Tenure: 9.1yrs
  • Jim Franklin (76yo)

    Member of Technical Advisory Committee

    • Tenure: 7.2yrs
  • Frank Candido (54yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: CA$60.00k
  • Alain Tremblay

    Member of Technical Advisory Committee

    • Tenure: 6.8yrs
  • Andre Tessier (56yo)

    President

    • Tenure: 0.3yrs
  • Kevin Heather (59yo)

    Director

    • Tenure: 0.3yrs

Company Information

Delta Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Delta Resources Limited
  • Ticker: DLTA
  • Exchange: TSXV
  • Founded: 1946
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$3.969m
  • Shares outstanding: 19.84m
  • Website: https://www.deltaresources.ca

Location

  • Delta Resources Limited
  • 600 Orwell Street
  • Suite 14
  • Mississauga
  • Ontario
  • L5A 3R9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DLTATSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2000
6GO1DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2000
GOLH.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2000

Biography

Delta Resources Limited, a mineral exploration company, engages in the acquisition, exploration, and development of gold and base metal projects in Canada. Its flagship project is the Bellechasse-Timmins g ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:36
End of Day Share Price2019/10/22 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.