TSXV:KMT

Stock Analysis Report

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Executive Summary

Komet Resources Inc., through its subsidiaries, engages in the acquisition, exploration, and development of gold mining properties in West Africa.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KMT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

KMT

-1.7%

CA Metals and Mining

1.4%

CA Market


1 Year Return

-23.1%

KMT

33.4%

CA Metals and Mining

-11.3%

CA Market

Return vs Industry: KMT underperformed the Canadian Metals and Mining industry which returned 36.5% over the past year.

Return vs Market: KMT underperformed the Canadian Market which returned -11.4% over the past year.


Shareholder returns

KMTIndustryMarket
7 Day0%-1.7%1.4%
30 Day11.1%1.7%4.2%
90 Day5.3%24.1%-9.4%
1 Year-23.1%-23.1%34.4%33.4%-8.3%-11.3%
3 Year-74.0%-74.0%17.5%15.4%0.04%-9.2%
5 Year-71.4%-71.4%57.0%52.6%16.7%-0.01%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Komet Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Komet Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of KMT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Komet Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

24.1%

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 Komet 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 Komet Resources performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KMT is currently unprofitable.

Growing Profit Margin: KMT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KMT is unprofitable, but has reduced losses over the past 5 years at a rate of 2.1% per year.

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

Earnings vs Industry: KMT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).


Return on Equity

High ROE: KMT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Komet Resources's financial position?


Financial Position Analysis

Short Term Liabilities: KMT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: KMT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: KMT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: KMT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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

Forecast Cash Runway: Insufficient data to determine if KMT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.1yrs

Average management tenure


CEO

Komet Resources has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Wares
Chairman & Interim President6.25yrsno data19.84% CA$1.5m
Étienne Courchesne
Chief Financial Officer2.08yrsCA$144.00k0.032% CA$2.4k
Lucas Claessens
Consultantno dataCA$219.50kno data
Pascal Osta
Consultantno datano datano data
Jasmin Tremblay
Director & Corporate Secretary4.17yrsno datano data

2.1yrs

Average Tenure

Experienced Management: KMT's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Wares
Chairman & Interim President6.25yrsno data19.84% CA$1.5m
André Le Bel
Independent Director5.42yrsno data0.29% CA$21.6k
Pierre Colas
Independent Director5.42yrsno data0.79% CA$58.0k
Mathieu Savard
Independent Director2.5yrsno data0.041% CA$3.0k
Albert Wildgen
Advisor to the Board of Directorsno datano datano data

5.4yrs

Average Tenure

61yo

Average Age

Experienced Board: KMT's board of directors are considered experienced (5.4 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

Komet Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Komet Resources Inc.
  • Ticker: KMT
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$7.348m
  • Shares outstanding: 73.48m
  • Website: https://www.kometgold.com

Location

  • Komet Resources Inc.
  • 1191, De Montigny
  • Suite 300
  • Québec
  • Quebec
  • G1S 3T8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KMTTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2007
1XQBST (Boerse-Stuttgart)YesCommon SharesDEEURJun 2007

Biography

Komet Resources Inc., through its subsidiaries, engages in the acquisition, exploration, and development of gold mining properties in West Africa. It owns a 100% interest in the Guiro/Diouga permit located in northern Burkina Faso; and the Dabia South permit that covers 35 square kilometers situated in Kéniéba, western Mali. The company was formerly known as Komet Manufacturers Inc. and changed its name to Komet Resources Inc. in October 2013. Komet Resources Inc. is headquartered in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 04:45
End of Day Share Price2020/05/29 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.