TSXV:GSP

Stock Analysis Report

Executive Summary

Gensource Potash Corporation focuses on developing resource opportunities with focus on potash development in Canada.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Gensource Potash's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GSP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

GSP

4.2%

CA Chemicals

0.2%

CA Market


1 Year Return

4.8%

GSP

-23.3%

CA Chemicals

4.6%

CA Market

Return vs Industry: GSP exceeded the Canadian Chemicals industry which returned -23.3% over the past year.

Return vs Market: GSP matched the Canadian Market which returned 4.6% over the past year.


Shareholder returns

GSPIndustryMarket
7 Day0%4.2%0.2%
30 Day0%-5.6%0.5%
90 Day-12.0%-7.2%4.0%
1 Year4.8%4.8%-20.6%-23.3%7.9%4.6%
3 Year-31.3%-31.3%-31.2%-35.4%17.8%7.2%
5 Year120.0%120.0%-26.6%-34.7%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Gensource Potash undervalued compared to its fair value and its price relative to the market?

2.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: GSP is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.

PE vs Market: GSP 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 GSP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSP is overvalued based on its PB Ratio (2.9x) compared to the CA Chemicals industry average (1.2x).


Next Steps

Future Growth

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

12.6%

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 Gensource Potash 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 Gensource Potash performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSP is currently unprofitable.

Growing Profit Margin: GSP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GSP is unprofitable, and losses have increased over the past 5 years at a rate of -18.6% per year.

Accelerating Growth: Unable to compare GSP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GSP is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-18.6%).


Return on Equity

High ROE: GSP has a negative Return on Equity (-8.8%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Gensource Potash's financial position?


Financial Position Analysis

Short Term Liabilities: GSP's short term assets (CA$129.3K) do not cover its short term liabilities (CA$683.0K).

Long Term Liabilities: GSP's short term assets (CA$129.3K) exceed its long term liabilities (CA$72.0K).


Debt to Equity History and Analysis

Debt Level: GSP is debt free.

Reducing Debt: GSP had no debt 5 years ago.


Balance Sheet

Inventory Level: GSP has a high level of physical assets or inventory.

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


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: GSP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GSP has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19% each year


Next Steps

Dividend

What is Gensource Potash's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GSP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GSP'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 GSP'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?

6.1yrs

Average board tenure


CEO

Mike Ferguson 0

6.6yrs

Tenure

CA$634,734

Compensation

Mr. Michael John Ferguson, also known as Mike, P.Eng. has been the Chief Executive Officer of Gensource Capital Corporation since June 20, 2013. Mr. Ferguson has been the Chief Executive Officer and Presid ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD480.36K) is above average for companies of similar size in the Canadian market ($USD154.65K).

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


Board Members

NamePositionTenureCompensationOwnership
Michael Ferguson
Chairman6.6yrsCA$634.73k3.29% CA$1.4m
Michael Mueller
Independent Director1.6yrsno data0.22% CA$91.7k
Max Ramey
Member of Advisory Board5.7yrsno datano data
John McEwan
Member of Advisory Board6.1yrsno datano data
Sandy DeBusschere
Member of Advisory Board6.1yrsno datano data
Paul Martin
Independent Director6.6yrsCA$38.31k0.36% CA$152.3k
Calvin Redlick
Independent Director2.3yrsCA$141.76k0.12% CA$51.7k

6.1yrs

Average Tenure

Experienced Board: GSP's board of directors are considered experienced (6.1 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 been diluted in the past year, with total shares outstanding growing by 11.8%.


Top Shareholders

Company Information

Gensource Potash Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gensource Potash Corporation
  • Ticker: GSP
  • Exchange: TSXV
  • Founded: 1989
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: CA$42.112m
  • Shares outstanding: 382.83m
  • Website: https://www.gensourcepotash.ca

Location

  • Gensource Potash Corporation
  • 18 King Street
  • Suite 902
  • Toronto
  • Ontario
  • M5C 1C4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSPTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 1997
UGNDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 1997
AGCC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 1997

Biography

Gensource Potash Corporation focuses on developing resource opportunities with focus on potash development in Canada. It holds interests in the Vanguard property, as well as the Lazlo Area projects located in central Saskatchewan. The company was incorporated in 1989 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:40
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.