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

Weak fundamentals or lack of information.

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

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


Market Performance


7 Day Return

n/a

QZM

1.1%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-62.8%

QZM

22.1%

CA Metals and Mining

7.2%

CA Market

Return vs Industry: QZM underperformed the Canadian Metals and Mining industry which returned 22.1% over the past year.

Return vs Market: QZM underperformed the Canadian Market which returned 7.2% over the past year.


Shareholder returns

QZMIndustryMarket
7 Dayn/a1.1%0.6%
30 Day-2.8%2.1%3.0%
90 Day-30.0%-3.1%4.5%
1 Year-62.8%-62.8%23.1%22.1%10.7%7.2%
3 Year-68.2%-68.2%-1.8%-3.6%18.4%7.8%
5 Year-56.3%-56.3%19.2%15.2%26.7%8.2%

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 compared to its fair value and its price relative to the 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 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

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?

38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if QZM has high quality earnings.

Growing Profit Margin: Insufficient data to determine if QZM's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: QZM is unprofitable, but has reduced losses over the past 5 years at a rate of 38.5% per year.

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

Earnings vs Industry: QZM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.1%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Quartz Mountain Resources's financial position?


Financial Position Analysis

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

Long Term Liabilities: QZM 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: QZM has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

Inventory Level: QZM has a low level of unsold assets or inventory.

Debt Coverage by Assets: QZM 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.

Stable Cash Runway: QZM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: QZM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -24.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if QZM'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 QZM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


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?

0.8yrs

Average board tenure


CEO

Trevor Thomas (52yo)

0.8yrs

Tenure

CA$903

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD682.67) is below average for companies of similar size in the Canadian market ($USD136.08K).

Compensation vs Earnings: Insufficient data to compare Trevor's compensation with company performance.


Board Age and Tenure

0.8yrs

Average Tenure

52yo

Average Age

Experienced Board: QZM's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Trevor Thomas (52yo)

    Chairman

    • Tenure: 0.8yrs
    • Compensation: CA$903.00
  • Michael Lee (45yo)

    Chief Financial Officer

    • Tenure: 6.8yrs
    • Compensation: CA$10.56k

Board Members

  • Trevor Thomas (52yo)

    Chairman

    • Tenure: 0.8yrs
    • Compensation: CA$903.00
  • Leonie Tomlinson (55yo)

    Independent Director

    • Tenure: 1.9yrs
  • Matthew Dickinson (22yo)

    Director

    • Tenure: 0.8yrs

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$585.748k
  • 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 Analysis2019/11/16 23:45
End of Day Share Price2019/11/15 00:00
Earnings2019/07/31
Annual Earnings2019/07/31


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.