TSXV:QZM

Stock Analysis Report

Quartz Mountain Resources

Executive Summary

Quartz Mountain Resources Ltd. engages in the acquisition, exploration, and development of mineral property interests in Canada.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • Quartz Mountain Resources has significant price volatility in the past 3 months.
  • Quartz Mountain Resources is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

TSXV:QZM

-0.3%

CA Metals and Mining

1.6%

CA Market


1 Year Return

-74.4%

TSXV:QZM

20.2%

CA Metals and Mining

-0.5%

CA Market

QZM underperformed the Metals and Mining industry which returned 20.7% over the past year.

QZM underperformed the Market in Canada which returned -0.3% over the past year.


Share holder returns

QZMIndustryMarket
7 Day0%-0.3%1.6%
30 Day-20.0%-0.8%3.9%
90 Dayn/a9.0%0.8%
1 Year-74.4%-74.4%21.1%20.2%3.0%-0.5%
3 Year-63.6%-63.6%-10.8%-12.4%19.5%8.8%
5 Year-66.7%-66.7%0.9%-2.9%21.0%3.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Quartz Mountain Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Quartz Mountain 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 QZM’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 Quartz Mountain Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

33.4%

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 Quartz Mountain 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 Quartz Mountain Resources performed over the past 5 years?

37.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Quartz Mountain Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Quartz Mountain Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Quartz Mountain Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Quartz Mountain Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Quartz Mountain 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.


Return on Capital Employed

It is difficult to establish if Quartz Mountain Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Quartz Mountain Resources's financial position?


Financial Position Analysis

Quartz Mountain Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Quartz Mountain Resources has no long term commitments.


Debt to Equity History and Analysis

Quartz Mountain Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Quartz Mountain Resources's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Quartz Mountain Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not 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.

Quartz Mountain Resources has sufficient cash runway for 1.1 years based on current free cash flow.

Quartz Mountain Resources has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 25.2% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Quartz Mountain Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Quartz Mountain Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Quartz Mountain Resources has not reported any payouts.

Unable to verify if Quartz Mountain Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Quartz Mountain 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.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Trevor Thomas (52yo)

0.6yrs

Tenure

0

Mr. Trevor R. Thomas, LLB, has been Chairman and Chief Executive Officer at Quartz Mountain Resources Ltd. since February 15, 2019. Mr. Thomas has been Company Secretary of Amarc Resources Ltd., since Febr ...


Board Age and Tenure

0.6yrs

Average Tenure

The average tenure for the Quartz Mountain Resources board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Trevor Thomas (52yo)

    Chairman

    • Tenure: 0.6yrs
  • Michael Lee (52yo)

    Chief Financial Officer

    • Tenure: 6.6yrs
    • Compensation: CA$10.58k

Board Members

  • Trevor Thomas (52yo)

    Chairman

    • Tenure: 0.6yrs
  • Leonie Tomlinson

    Independent Director

    • Tenure: 1.8yrs
  • Matthew Dickinson

    Director

    • Tenure: 0.6yrs

Company Information

Quartz Mountain Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Quartz Mountain Resources Ltd.
  • Ticker: QZM
  • Exchange: TSXV
  • Founded: 1982
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$669.427k
  • Shares outstanding: 3.35m
  • Website: https://www.quartzmountainresources.com

Location

  • Quartz Mountain Resources Ltd.
  • 1040 West Georgia Street
  • 15th Floor
  • Vancouver
  • British Columbia
  • V6E 4H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QZMTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 1987
QZMR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1987

Biography

Quartz Mountain Resources Ltd. engages in the acquisition, exploration, and development of mineral property interests in Canada. It holds a 1% net smelter return royalty interest in the Angel's Camp proper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 23:40
End of Day Share Price2019/09/12 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.