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Rock Tech Lithium

TSXV:RCK
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RCK
TSXV
CA$31M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Rock Tech Lithium Inc. engages in the exploration and development of mineral properties in Canada. The last earnings update was 8 days ago. More info.


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RCK Share Price and Events
7 Day Returns
8.5%
TSXV:RCK
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-31.5%
TSXV:RCK
-5.4%
CA Metals and Mining
0.9%
CA Market
RCK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rock Tech Lithium (RCK) 8.5% 3.5% 3.5% -31.5% 673.9% -
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • RCK underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • RCK underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
RCK
Industry
5yr Volatility vs Market

RCK Value

 Is Rock Tech Lithium 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rock Tech Lithium to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rock Tech Lithium.

TSXV:RCK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:RCK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.18 (1 + (1- 26.5%) (0%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.121 * 5.96%)
8.63%

Discounted Cash Flow Calculation for TSXV:RCK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rock Tech Lithium is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:RCK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.63%)
2019 -33.54 Analyst x2 -30.87
2020 -188.55 Analyst x1 -159.80
2021 15.56 Analyst x1 12.14
2022 100.37 Analyst x1 72.09
2023 117.32 Analyst x1 77.58
2024 123.68 Est @ 5.42% 75.29
2025 129.10 Est @ 4.38% 72.34
2026 133.81 Est @ 3.65% 69.03
2027 138.01 Est @ 3.14% 65.54
2028 141.85 Est @ 2.78% 62.01
Present value of next 10 years cash flows CA$315.35
TSXV:RCK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$141.85 × (1 + 1.95%) ÷ (8.63% – 1.95%)
CA$2,165.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,165.25 ÷ (1 + 8.63%)10
CA$946.65
TSXV:RCK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$315.35 + CA$946.65
CA$1,262.00
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,262.00 / 34.40
CA$36.69
TSXV:RCK Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$36.69
Current discount Discount to share price of CA$0.89
= -1 x (CA$0.89 - CA$36.69) / CA$36.69
97.6%

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

Current Discount
Amount off the current price Rock Tech Lithium is available for.
Intrinsic value
>50%
Share price is CA$0.89 vs Future cash flow value of CA$36.69
Current Discount Checks
For Rock Tech Lithium to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rock Tech Lithium's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rock Tech Lithium's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Rock Tech Lithium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rock Tech Lithium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:RCK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.10
TSXV:RCK Share Price ** TSXV (2019-03-22) in CAD CA$0.89
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

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

** Primary Listing of Rock Tech Lithium.

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

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

= 0.89 ÷ -0.10

-8.78x

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

  • Rock Tech Lithium is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Rock Tech Lithium is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Rock Tech Lithium's expected growth come at a high price?
Raw Data
TSXV:RCK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*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 Rock Tech Lithium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rock Tech Lithium's assets?
Raw Data
TSXV:RCK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.13
TSXV:RCK Share Price * TSXV (2019-03-22) in CAD CA$0.89
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSXV:RCK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.89 ÷ 0.13

6.73x

* Primary Listing of Rock Tech Lithium.

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

  • Rock Tech Lithium is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Rock Tech Lithium'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. Rock Tech Lithium has a total score of 2/6, 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.

RCK Future Performance

 How is Rock Tech Lithium expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
34.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rock Tech Lithium expected to grow at an attractive rate?
  • Unable to compare Rock Tech Lithium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rock Tech Lithium's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Rock Tech Lithium's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:RCK Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:RCK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:RCK Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 -2 -2
TSXV:RCK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -3
2018-09-30 -2 -5
2018-06-30 -1 -3
2018-03-31 -1 -3
2017-12-31 -1 -3
2017-09-30 -1 -1
2017-06-30 -1 -2
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rock Tech Lithium is high growth as no earnings estimate data is available.
  • Unable to determine if Rock Tech Lithium 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:RCK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Rock Tech Lithium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RCK Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 -0.04 -0.04 -0.04 1.00
TSXV:RCK Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.10
2018-09-30 -0.15
2018-06-30 -0.11
2018-03-31 -0.11
2017-12-31 -0.12
2017-09-30 -0.04
2017-06-30 -0.06
2017-03-31 -0.06
2016-12-31 -0.06
2016-09-30 -0.06
2016-06-30 -0.02
2016-03-31 -0.01

*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 Rock Tech Lithium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rock Tech Lithium'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.
Rock Tech Lithium 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.

RCK Past Performance

  How has Rock Tech Lithium 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 Rock Tech Lithium'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.
  • Rock Tech Lithium does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Rock Tech Lithium's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rock Tech Lithium's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Rock Tech Lithium'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 Rock Tech Lithium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RCK 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 -3.44 3.15
2018-09-30 -4.77 4.54
2018-06-30 -3.50 3.20
2018-03-31 -3.36 3.07
2017-12-31 -3.28 3.00
2017-09-30 -1.11 0.94
2017-06-30 -1.54 1.43
2017-03-31 -1.30 1.28
2016-12-31 -1.15 1.17
2016-09-30 -1.01 1.19
2016-06-30 -0.28 0.48
2016-03-31 -0.10 0.47
2015-12-31 -0.12 0.40
2015-09-30 -0.97 -0.01
2015-06-30 -1.02 0.03
2015-03-31 -1.38 0.20
2014-12-31 -1.43 0.26
2014-09-30 -5.40 0.43
2014-06-30 -5.38 0.40
2014-03-31 -5.20 0.23
2013-12-31 -5.22 0.27
2013-09-30 -4.21 0.37
2013-06-30 -4.51 0.57
2013-03-31 -4.91 0.84
2012-12-31 -5.21 1.13
2012-09-30 -1.67 1.39
2012-06-30 -1.91 1.73
2012-03-31 -1.91 1.80

*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 Rock Tech Lithium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Rock Tech Lithium 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 Rock Tech Lithium 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 Rock Tech Lithium'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.
Rock Tech Lithium 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.

RCK Health

 How is Rock Tech Lithium'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 Rock Tech Lithium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rock Tech Lithium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rock Tech Lithium has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rock Tech Lithium'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.
  • High level of physical assets or inventory.
  • Rock Tech Lithium has no debt, it does not need to be 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 Rock Tech Lithium Company Filings, last reported 2 months ago.

TSXV:RCK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.55 0.00 1.23
2018-09-30 5.08 0.00 1.90
2018-06-30 5.14 0.00 2.08
2018-03-31 5.44 0.00 2.55
2017-12-31 5.60 0.00 2.90
2017-09-30 4.14 0.00 1.43
2017-06-30 4.39 0.00 1.70
2017-03-31 4.70 0.00 2.63
2016-12-31 4.94 0.00 3.09
2016-09-30 2.41 0.00 0.87
2016-06-30 2.22 0.00 0.93
2016-03-31 1.27 0.15 0.18
2015-12-31 1.34 0.15 0.26
2015-09-30 1.30 0.32 0.37
2015-06-30 1.39 0.35 0.49
2015-03-31 1.36 0.46 0.75
2014-12-31 1.11 0.59 0.49
2014-09-30 1.28 1.03 0.40
2014-06-30 1.37 1.03 0.05
2014-03-31 1.51 0.69 0.03
2013-12-31 1.60 0.59 0.01
2013-09-30 6.41 0.60 0.02
2013-06-30 6.51 0.60 0.08
2013-03-31 6.57 0.88 0.35
2012-12-31 6.73 0.24 0.10
2012-09-30 10.57 0.04 0.75
2012-06-30 10.83 0.00 1.35
2012-03-31 11.31 0.00 1.82
  • Rock Tech Lithium has no debt.
  • Rock Tech Lithium has no debt compared to 5 years ago when it was 37.1%.
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.

  • Rock Tech Lithium has less than a year of cash runway based on current free cash flow.
  • Rock Tech Lithium has less than a year of cash runway if free cash flow continues to grow at historical rates of 44.7% each year.
X
Financial health checks
We assess Rock Tech Lithium'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. Rock Tech Lithium has a total score of 4/6, 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.

RCK Dividends

 What is Rock Tech Lithium'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 Rock Tech Lithium dividends.
If you bought CA$2,000 of Rock Tech Lithium 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 Rock Tech Lithium's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rock Tech Lithium'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:RCK 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 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

TSXV:RCK Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Rock Tech Lithium has not reported any payouts.
  • Unable to verify if Rock Tech Lithium's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rock Tech Lithium's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rock Tech Lithium 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 Rock Tech Lithium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Rock Tech Lithium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rock Tech Lithium 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.

RCK Management

 What is the CEO of Rock Tech Lithium'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
Martin Stephan
COMPENSATION CA$180,000
TENURE AS CEO 4.1 years
CEO Bio

Mr. Martin Stephan has been the Chief Executive Officer of Rock Tech Lithium Inc. since February 16, 2015 and serves as its President. Mr. Stephan serves as Chief Editor of Economics Intent and Co-editor of Commodity Investor. Mr. Stephan is a successful manager and investment advisor with years of experience, focusing on investments in the natural resources and exploration sector. While focusing primarily on exploration companies in North America, Mr. Stephan has built a strong network in Asia, Eastern Europe and Latin America. In the late 1990s, he Founded and served as the Chief Executive Officer of one of Germany's most popular internet companies providing stock market analysis. He has been a Director of Rock Tech Lithium Inc. since July 3, 2013.

CEO Compensation
  • Martin's compensation has increased whilst company is loss making.
  • Martin's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Rock Tech Lithium management team in years:

4.1
Average Tenure
  • The tenure for the Rock Tech Lithium management team is about average.
Management Team

Martin Stephan

TITLE
President
COMPENSATION
CA$180K
TENURE
4.1 yrs

Brad Barnett

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$180K
TENURE
4.4 yrs

Christian Schlag

TITLE
Technical Consultant
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Rock Tech Lithium board of directors in years:

2.1
Average Tenure
64
Average Age
  • The average tenure for the Rock Tech Lithium board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dirk Harbecke

TITLE
Chairman of the Board
COMPENSATION
CA$180K
AGE
46
TENURE
4.1 yrs

Martin Stephan

TITLE
President
COMPENSATION
CA$180K
TENURE
5.7 yrs

Brad Barnett

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$180K
TENURE
2.5 yrs

Heinz Riesenhuber

TITLE
Chairman of Advisory Board
AGE
83
TENURE
1.2 yrs

Alain Zubrzycki

TITLE
Member of the Technical Advisory Board
TENURE
8.9 yrs

Luc Lamarche

TITLE
Member of the Technical Advisory Board
AGE
57
TENURE
8.9 yrs

Peter Kausch

TITLE
Director
COMPENSATION
CA$4K
AGE
78
TENURE
1.7 yrs

Carl-Peter Forster

TITLE
Member of Advisory Board
AGE
64
TENURE
1.2 yrs

Jens Gutzmer

TITLE
Member of Advisory Board
TENURE
1.2 yrs

Norbert Steiner

TITLE
Member of Advisory Board
AGE
64
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Nov 18 Buy Bradley Barnett Individual 21. Nov 18 21. Nov 18 1,000 CA$0.94 CA$940
30. Oct 18 Buy Bradley Barnett Individual 30. Oct 18 30. Oct 18 1,000 CA$0.90 CA$900
24. Oct 18 Buy Bradley Barnett Individual 24. Oct 18 24. Oct 18 1,000 CA$0.95 CA$945
22. Oct 18 Buy Bradley Barnett Individual 22. Oct 18 22. Oct 18 1,500 CA$0.96 CA$1,440
18. Oct 18 Buy Dirk Harbecke Individual 16. Oct 18 16. Oct 18 1,000 CA$0.88 CA$880
09. Oct 18 Buy Bradley Barnett Individual 03. Oct 18 03. Oct 18 2,000 CA$1.01 CA$2,015
02. Oct 18 Buy Dirk Harbecke Individual 02. Oct 18 02. Oct 18 4,000 CA$1.00 CA$4,000
21. Sep 18 Buy Dirk Harbecke Individual 20. Sep 18 20. Sep 18 1,300 CA$0.92 CA$1,196
19. Sep 18 Buy Dirk Harbecke Individual 18. Sep 18 18. Sep 18 1,500 CA$0.94 CA$1,410
17. Sep 18 Buy Dirk Harbecke Individual 14. Sep 18 14. Sep 18 4,000 CA$0.94 CA$3,760
19. Jul 18 Buy Martin Stephan Individual 19. Jul 18 19. Jul 18 2,400 CA$1.18 CA$2,832
05. Jul 18 Buy Bradley Barnett Individual 03. Jul 18 03. Jul 18 900 CA$1.23 CA$1,107
04. Jul 18 Buy Martin Stephan Individual 03. Jul 18 03. Jul 18 2,500 CA$1.25 CA$3,125
04. Jul 18 Buy Peter Kausch Individual 03. Jul 18 03. Jul 18 700 CA$1.23 CA$861
09. Jul 18 Buy Bradley Barnett Individual 05. Jul 18 05. Jul 18 800 CA$1.21 CA$968
02. Jul 18 Buy Martin Stephan Individual 29. Jun 18 29. Jun 18 2,500 CA$1.30 CA$3,238
02. Jul 18 Buy Peter Kausch Individual 29. Jun 18 29. Jun 18 2,300 CA$1.23 CA$2,829
28. Jun 18 Buy Dirk Harbecke Individual 27. Jun 18 27. Jun 18 2,000 CA$1.23 CA$2,460
X
Management checks
We assess Rock Tech Lithium'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. Rock Tech Lithium 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.

RCK News

Simply Wall St News

The Rock Tech Lithium Inc (CVE:RCK) Ownership Structure Could Be Important

The big shareholder groups in Rock Tech Lithium Inc (CVE:RCK) have power over the company. … Rock Tech Lithium is not a large company by global standards. … View our latest analysis for Rock Tech Lithium

Simply Wall St -

RCK Company Info

Description

Rock Tech Lithium Inc. engages in the exploration and development of mineral properties in Canada. It holds a 100% interest in the Georgia Lake lithium project comprising 81 leases and 295 claim units covering 5,762 hectares of area in the Thunder Bay Mining District of Ontario. The company was formerly known as Rock Tech Resources Inc. and changed its name to Rock Tech Lithium Inc. in April 2010. Rock Tech Lithium Inc. is headquartered in Vancouver, Canada.

Details
Name: Rock Tech Lithium Inc
RCK
Exchange: TSXV
Founded:
CA$30,614,743
34,398,588
Website: http://rocktechlithium.com
Address: Rock Tech Lithium Inc
777 Hornby Street,
Suite 600,
Vancouver,
British Columbia, V6Z 1S4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RCK Common Shares TSX Venture Exchange CA CAD 07. Oct 1997
OTCPK RCKT.F Common Shares Pink Sheets LLC US USD 07. Oct 1997
DB RJIB Common Shares Deutsche Boerse AG DE EUR 07. Oct 1997
Number of employees
Current staff
Staff numbers
0
Rock Tech Lithium employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:09
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/15
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.