Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Harfang Exploration. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Harfang Exploration's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Harfang Exploration 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Harfang Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Harfang Exploration's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Harfang Exploration's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Harfang Exploration is high growth as no earnings estimate data is available.
Unable to determine if Harfang Exploration is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Harfang Exploration's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Harfang Exploration's finances.
The net worth of a company is the difference between its assets and liabilities.
Harfang Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Harfang Exploration has no long term commitments.
This treemap shows a more detailed breakdown of
Harfang Exploration's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Harfang Exploration has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
Mr. François Goulet serves as Chief Executive Officer and President at Harfang Exploration Inc. Mr. Goulet has extensive international experience in advanced mining projects developed in tropical and northern environments. Mr. Goulet has worked for Virginia Mines Inc., Unigold Inc., Canadian Malartic General Partnership, Glencore Canada Corporation and for several junior companies. He has extensive international experience in advanced mining projects developed in tropical and northern environments. He is also supported by the Mine d’Avenir committee, a network of people involved in all aspects of mining exploration and development formed to promote the upcoming generation of mining entrepreneurs. He serves as a Director of Harfang Exploration Inc. He teached economic geology at Université du Québec à Montréal (UQAM) from September 2013 to December 2016. He holds a MSc degree in structural and economic geology.
François's compensation has increased whilst company is loss making.
François's remuneration is about average for companies of similar size in Canada.
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Harfang Exploration board of directors is less than 3 years, this suggests a new board.
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
Do Directors Own Harfang Exploration Inc. (CVE:HAR) Shares?
View our latest analysis for Harfang Exploration TSXV:HAR Ownership Summary, June 20th 2019 What Does The Institutional Ownership Tell Us About Harfang Exploration? … General Public Ownership The general public, who are mostly retail investors, collectively hold 60% of Harfang Exploration shares. … Public Company Ownership We can see that public companies hold 17%, of the HAR shares on issue.
Did Harfang Exploration Inc. (CVE:HAR) Insiders Buy Up More Shares?
The Last 12 Months Of Insider Transactions At Harfang Exploration. … Overall, Harfang Exploration insiders were net buyers last year … These transactions suggest that insiders have considered the current price of CA$0.20 attractive.
What Kind Of Shareholder Appears On The Harfang Exploration Inc.'s (CVE:HAR) Shareholder Register?
If you want to know who really controls Harfang Exploration Inc. … With a market capitalization of CA$6.7m, Harfang Exploration is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Harfang Exploration
What You Must Know About Harfang Exploration Inc's (CVE:HAR) Financial Strength
However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does HAR's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding
Are Harfang Exploration Inc's (CVE:HAR) Interest Costs Too High?
The direct benefit for Harfang Exploration Inc (CVE:HAR), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is HAR will have to adhere to stricter debt covenants and have less financial flexibility. … Does HAR's growth rate justify its decision for financial flexibility over lower cost of capital
Harfang Exploration Inc., an exploration and evaluation stage company, acquires and explores for mineral properties in Canada. The company primarily explores for gold, copper, and precious metal deposits. It holds 100% interests in the Lake Ménarik property consisting of 93 claims covering an area of 4,779 hectares located in the James Bay area; the Ménarik East property that consists of 68 claims covering an area of 3,494 hectares located in the southeast of Radisson; the Serpent property consisting of 295 mining covering an area of 5,267 hectares located in the James Bay area; and the Muskeg property that consists of 60 claims covering an area of 3,168 hectares located in James Bay area. The company also holds interests in the Lake Aulneau property that comprises 134 claims; the Lac Fagnant property that consists of 74 mining claims; and the Lake Tapiatic property that includes 46 claims covering an area of 7,430.22 hectares in the James Bay area. Harfang Exploration Inc. is headquartered in Montreal, Canada.
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