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Komet Resources

TSXV:KMT
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KMT
TSXV
CA$14M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Komet Resources Inc., through its subsidiaries, engages in the acquisition, exploration, and development of mining properties in West Africa. The last earnings update was 24 days ago. More info.


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  • Komet Resources has significant price volatility in the past 3 months.
KMT Share Price and Events
7 Day Returns
28.6%
TSXV:KMT
-1.7%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
-47.1%
TSXV:KMT
-15.2%
CA Metals and Mining
-1.2%
CA Market
KMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Komet Resources (KMT) 28.6% 50% 44% -47.1% -47.1% -62.5%
CA Metals and Mining -1.7% -4.7% -8.7% -15.2% -14.9% -20.5%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • KMT underperformed the Metals and Mining industry which returned -15.2% over the past year.
  • KMT underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
KMT
Industry
5yr Volatility vs Market

Value

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

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 undervalued.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Komet Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.18.
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 Komet Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Komet Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:KMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.12
TSXV:KMT Share Price ** TSXV (2019-05-23) in CAD CA$0.18
Canada Metals and Mining Industry PE Ratio Median Figure of 112 Publicly-Listed Metals and Mining Companies 12.94x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Komet Resources.

TSXV:KMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:KMT Share Price ÷ EPS (both in CAD)

= 0.18 ÷ -0.12

-1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komet Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Komet Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Komet Resources's expected growth come at a high price?
Raw Data
TSXV:KMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Komet Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Komet Resources's assets?
Raw Data
TSXV:KMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:KMT Share Price * TSXV (2019-05-23) in CAD CA$0.18
Canada Metals and Mining Industry PB Ratio Median Figure of 1,090 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSXV:KMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:KMT Share Price ÷ Book Value per Share (both in CAD)

= 0.18 ÷ -0.01

-13.35x

* Primary Listing of Komet Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komet Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. 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's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Metals and Mining industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Komet Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Komet Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 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 growth 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 it right!
Annual Growth Rate
25.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Komet Resources expected to grow at an attractive rate?
  • Unable to compare Komet Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Komet Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Komet Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:KMT Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:KMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:KMT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -8
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -2
2017-09-30 -1 -2
2017-06-30 -2 -2
2017-03-31 -2 -2
2016-12-31 -2 -2
2016-09-30 0 -1 -1
2016-06-30 0 -1 -1
2016-03-31 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Komet Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Komet Resources 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.
Raw Data
TSXV:KMT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Komet Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KMT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.12
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Komet Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Komet Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Komet Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Komet Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Komet Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Komet Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Komet Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Komet Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Komet Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Komet Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Komet Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Komet Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KMT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -8.49 1.49
2018-09-30 -1.36 1.15
2018-06-30 -1.43 1.16
2018-03-31 -1.44 1.13
2017-12-31 -1.67 1.36
2017-09-30 -1.88 1.44
2017-06-30 -1.77 1.46
2017-03-31 -1.81 1.62
2016-12-31 -1.53 1.39
2016-09-30 -0.08 -0.99 1.21
2016-06-30 -0.08 -0.99 1.16
2016-03-31 -0.04 -1.47 1.36
2015-12-31 -1.90 1.84
2015-09-30 0.08 -2.10 1.87
2015-06-30 0.08 -2.15 2.03
2015-03-31 0.04 -1.74 1.81
2014-12-31 -1.58 1.58
2014-09-30 -1.32 1.31
2014-06-30 -1.10 1.08
2014-03-31 -0.25 0.25
2013-12-31 -0.19 0.20
2013-09-30 -0.19 0.20
2013-06-30 0.00 -0.11 0.07
2013-03-31 0.08 -0.13 0.12
2012-12-31 0.43 -0.45 0.20
2012-09-30 0.71 -0.57 0.23
2012-06-30 1.31 -0.87 0.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Komet Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Komet Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Komet Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Komet Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Komet Resources 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Komet Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Komet Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Komet Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Komet Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Komet Resources'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Komet Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Komet Resources Company Filings, last reported 4 months ago.

TSXV:KMT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.81 2.82 0.34
2018-09-30 6.93 4.52 0.28
2018-06-30 7.25 3.86 0.28
2018-03-31 6.69 3.68 0.85
2017-12-31 4.94 4.03 0.22
2017-09-30 5.35 3.83 0.72
2017-06-30 5.69 3.93 0.99
2017-03-31 6.07 4.06 1.76
2016-12-31 6.25 3.98 2.44
2016-09-30 6.73 4.10 3.73
2016-06-30 2.68 4.69 0.53
2016-03-31 1.51 4.80 0.24
2015-12-31 1.28 4.52 0.13
2015-09-30 1.27 4.37 0.54
2015-06-30 1.45 4.28 1.40
2015-03-31 1.26 0.00 0.37
2014-12-31 1.50 0.00 0.68
2014-09-30 1.90 0.00 0.93
2014-06-30 1.80 0.00 1.50
2014-03-31 0.57 0.00 0.26
2013-12-31 0.65 0.00 0.29
2013-09-30 0.40 0.00 0.48
2013-06-30 0.52 0.00 0.58
2013-03-31 0.55 0.00 0.60
2012-12-31 0.57 0.00 0.64
2012-09-30 0.59 0.00 0.65
2012-06-30 0.62 0.00 0.65
  • Komet Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Komet Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Komet Resources has less than a year of cash runway based on current free cash flow.
  • Komet Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -0.9% each year.
X
Financial health checks
We assess Komet Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Komet Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Komet Resources dividends.
If you bought CA$2,000 of Komet Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Komet Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Komet Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:KMT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Komet Resources has not reported any payouts.
  • Unable to verify if Komet Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Komet Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Komet Resources 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.
X
Income/ dividend checks
We assess Komet Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Komet Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Komet Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

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.
CEO
Lucas Claessens
TENURE AS CEO 1 years
CEO Bio

Mr. Lucas Werner Claessens serves as President, CEO and Director of Komet Resources Inc. since May 15, 2018.

CEO Compensation
  • Insufficient data for Lucas to compare compensation growth.
  • Insufficient data for Lucas to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Komet Resources management team in years:

1
Average Tenure
  • The average tenure for the Komet Resources management team is less than 2 years, this suggests a new team.
Management Team

André Gagné

TITLE
Director of Special Projects & Director
COMPENSATION
CA$140K
AGE
50

Lucas Claessens

TITLE
CEO, President & Director
TENURE
1 yrs

Étienne Courchesne

TITLE
Chief Financial Officer
TENURE
1 yrs

Pascal Osta

TITLE
VP Exploration & COO
TENURE
1 yrs

Jasmin Tremblay

TITLE
Director & Corporate Secretary
TENURE
3.1 yrs

Jacques Marchand

TITLE
Geology Engineer & Consultant

Issoufou Welgo

TITLE
Financial Controller of Burkina Faso
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Komet Resources board of directors in years:

4.3
Average Tenure
55
Average Age
  • The tenure for the Komet Resources board of directors is about average.
Board of Directors

Bob Wares

TITLE
Chairman of the Board
AGE
60
TENURE
5.2 yrs

André Gagné

TITLE
Director of Special Projects & Director
COMPENSATION
CA$140K
AGE
50
TENURE
6.3 yrs

Lucas Claessens

TITLE
CEO, President & Director
TENURE
1 yrs

Pierre Colas

TITLE
Director
AGE
60
TENURE
4.3 yrs

André Le Bel

TITLE
Director
AGE
50
TENURE
4.3 yrs

Mathieu Savard

TITLE
Director
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Komet Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Apr 19 Buy Lucas Claessens Individual 11. Apr 19 11. Apr 19 5,000 CA$0.18 CA$900
07. Mar 19 Buy Claude Pelletier Individual 05. Mar 19 05. Mar 19 10,000 CA$0.11 CA$1,100
27. Feb 19 Buy Claude Pelletier Individual 27. Feb 19 27. Feb 19 1,000 CA$0.12 CA$120
26. Feb 19 Buy Claude Pelletier Individual 26. Feb 19 26. Feb 19 4,000 CA$0.12 CA$480
22. Feb 19 Buy Lucas Claessens Individual 22. Feb 19 22. Feb 19 18,000 CA$0.13 CA$2,250
18. Jan 19 Sell 2846-2059 Québec Inc. Company 15. Jan 19 18. Jan 19 -265,000 CA$0.16 CA$-42,268
14. Jan 19 Sell 2846-2059 Québec Inc. Company 09. Jan 19 11. Jan 19 -200,000 CA$0.16 CA$-32,092
14. Dec 18 Buy Lucas Claessens Individual 10. Dec 18 10. Dec 18 15,000 CA$0.20 CA$3,000
10. Dec 18 Buy Lucas Claessens Individual 04. Dec 18 05. Dec 18 30,000 CA$0.22 CA$6,343
30. Nov 18 Buy Lucas Claessens Individual 27. Nov 18 30. Nov 18 60,000 CA$0.22 CA$12,060
26. Nov 18 Buy Lucas Claessens Individual 20. Nov 18 23. Nov 18 55,000 CA$0.20 CA$10,813
19. Nov 18 Buy Lucas Claessens Individual 13. Nov 18 16. Nov 18 80,000 CA$0.21 CA$16,787
09. Nov 18 Buy Lucas Claessens Individual 06. Nov 18 09. Nov 18 85,000 CA$0.24 CA$19,903
26. Oct 18 Buy Lucas Claessens Individual 23. Oct 18 26. Oct 18 60,000 CA$0.25 CA$14,624
19. Oct 18 Buy Lucas Claessens Individual 15. Oct 18 19. Oct 18 90,000 CA$0.27 CA$23,298
12. Oct 18 Buy Lucas Claessens Individual 09. Oct 18 12. Oct 18 120,000 CA$0.27 CA$32,482
12. Oct 18 Sell 2846-2059 Québec Inc. Company 11. Oct 18 12. Oct 18 -45,000 CA$0.27 CA$-12,135
10. Oct 18 Sell 2846-2059 Québec Inc. Company 09. Oct 18 10. Oct 18 -49,000 CA$0.28 CA$-13,349
09. Oct 18 Buy Étienne Courchesne Individual 03. Oct 18 03. Oct 18 1,700 CA$0.28 CA$467
08. Oct 18 Buy Lucas Claessens Individual 04. Oct 18 05. Oct 18 110,000 CA$0.28 CA$29,588
03. Oct 18 Buy Lucas Claessens Individual 28. Sep 18 01. Oct 18 60,000 CA$0.25 CA$14,903
28. Sep 18 Buy Lucas Claessens Individual 25. Sep 18 27. Sep 18 90,000 CA$0.26 CA$21,834
21. Sep 18 Buy Lucas Claessens Individual 18. Sep 18 20. Sep 18 270,000 CA$0.25 CA$66,757
21. Sep 18 Sell 2846-2059 Québec Inc. Company 17. Sep 18 20. Sep 18 -302,500 CA$0.25 CA$-72,466
14. Sep 18 Sell 2846-2059 Québec Inc. Company 10. Sep 18 14. Sep 18 -98,500 CA$0.23 CA$-22,603
12. Sep 18 Buy Étienne Courchesne Individual 10. Sep 18 10. Sep 18 2,000 CA$0.23 CA$460
08. Sep 18 Sell 2846-2059 Québec Inc. Company 05. Sep 18 07. Sep 18 -50,000 CA$0.23 CA$-11,462
03. Sep 18 Sell 2846-2059 Québec Inc. Company 28. Aug 18 30. Aug 18 -40,000 CA$0.17 CA$-6,795
14. Jul 18 Sell Étienne Courchesne Individual 05. Jul 18 06. Jul 18 -59,000 CA$0.24 CA$-13,939
14. Jul 18 Buy Étienne Courchesne Individual 03. Jul 18 03. Jul 18 29,000 CA$0.26 CA$7,511
31. May 18 Sell 2846-2059 Québec Inc. Company 28. May 18 29. May 18 -26,000 CA$0.34 CA$-8,710
31. May 18 Buy 2846-2059 Québec Inc. Company 31. May 18 31. May 18 27,500 CA$0.32 CA$8,855
X
Management checks
We assess Komet Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Komet Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholders Own Komet Resources Inc. (CVE:KMT)?

If you want to know who really controls Komet Resources Inc. … With a market capitalization of CA$13m, Komet Resources is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Komet Resources

Simply Wall St -

What You Must Know About Komet Resources Inc's (CVE:KMT) Financial Strength

Investors are always looking for growth in small-cap stocks like Komet Resources Inc (CVE:KMT), with a market cap of CA$13.96m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

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Who Are The Top Investors In Komet Resources Inc (CVE:KMT)?

Check out our latest analysis for Komet Resources TSXV:KMT Ownership_summary Apr 20th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Komet Resources Inc (CVE:KMT): Time For A Financial Health Check

How does KMT’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: At its current level of cash flow coverage, KMT has room for improvement to better cushion for events which may require debt repayment.

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With A -89.42% Earnings Drop, Is Komet Resources Inc's (CVE:KMT) Performance A Concern?

Investors with a long-term horizong may find it valuable to assess Komet Resources Inc's (TSXV:KMT) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … View our latest analysis for Komet Resources Despite a decline, did KMT underperform the long-term trend and the industry? … For Komet Resources, its most recent earnings (trailing twelve month) is -CA$1.88M, which compared to the previous year's figure, has become more negative.

Simply Wall St -

Komet Resources Inc (CVE:KMT): Is Now The Time To Bet On Basic Materials?

Komet Resources Inc (TSXV:KMT), a CA$24.41M small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … See our latest analysis for Komet Resources What’s the catalyst for Komet Resources's sector growth? … Next Steps: Komet Resources has been a metals and mining industry laggard in the past year.

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Who Really Owns Komet Resources Inc (CVE:KMT)?

View our latest analysis for Komet Resources TSXV:KMT Ownership_summary Jan 5th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Another group of owners that a potential investor in KMT should consider are private companies, with a stake of 2.97%.

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Is Komet Resources Inc's (CVE:KMT) CEO Paid Enough Relative To Peers?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Typically I would look at market cap and earnings as a proxy for performance, however, KMT's negative earnings lower the usefulness of my formula.

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Are Komet Resources Inc's (CVE:KMT) Interest Costs Too High?

With current liabilities at CA$1.7M liabilities, it appears that the company has been able to meet these commitments with a current assets level of CA$3.6M, leading to a 2.09x current account ratio. … At its current level of cash flow coverage, KMT has room for improvement to better cushion for events which may require debt repayment. … KMT's large debt ratio on top of low cash coverage of debt as well as low liquidity coverage of near-term expenses may not build the strongest investment case.

Simply Wall St -

Should You Be Concerned About Komet Resources Inc's (TSXV:KMT) -24.8% Earnings Decline?

Measuring Komet Resources Inc's (TSXV:KMT) track record of past performance is an insightful exercise for investors. … For Komet Resources, the most recent earnings -CA$1.7M, which, relative to the prior year's figure, has become more negative. … Though Komet Resources's past data is helpful, it is only one aspect of my investment thesis.

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Company Info

Description

Komet Resources Inc., through its subsidiaries, engages in the acquisition, exploration, and development of mining properties in West Africa. The company owns a 100% interest in the Guiro-Diouga gold mining property located in northern Burkina Faso; and the Dabia South permit that covers 35 square kilometers located in the gold-mining camp of Kéniéba, Republic of 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 Quebec, Canada.

Details
Name: Komet Resources Inc.
KMT
Exchange: TSXV
Founded:
CA$13,881,358
77,118,656
Website: http://www.kometgold.com
Address: Komet Resources Inc.
1191, De Montigny Avenue,
Quebec,
Quebec, G1S 3T8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV KMT Common Shares TSX Venture Exchange CA CAD 30. Jun 2007
BST 1XQ Common Shares Boerse-Stuttgart DE EUR 30. Jun 2007
Number of employees
Current staff
Staff numbers
0
Komet Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:06
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.