TSXV:SAE

Stock Analysis Report

Executive Summary

Sable Resources Ltd. engages in the acquisition, exploration and development of mineral resource properties in Mexico, Argentina, Peru, and British Columbia.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

5.6%

SAE

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-36.7%

SAE

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: SAE underperformed the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: SAE underperformed the Canadian Market which returned 4.6% over the past year.


Shareholder returns

SAEIndustryMarket
7 Day5.6%4.7%0.2%
30 Day-13.6%5.2%0.5%
90 Day5.6%13.4%4.0%
1 Year-36.7%-36.7%5.5%4.8%7.9%4.6%
3 Year-29.6%-29.6%-2.8%-4.4%17.8%7.2%
5 Year171.4%171.4%25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SAE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SAE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SAE is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: SAE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SAE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SAE is overvalued based on its PB Ratio (2.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

14.1%

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 Sable 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 Sable Resources performed over the past 5 years?

-58.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAE is currently unprofitable.

Growing Profit Margin: SAE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SAE is unprofitable, and losses have increased over the past 5 years at a rate of -58.3% per year.

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

Earnings vs Industry: SAE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: SAE has a negative Return on Equity (-59.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sable Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SAE's short term assets (CA$6.7M) exceed its short term liabilities (CA$531.7K).

Long Term Liabilities: SAE's short term assets (CA$6.7M) exceed its long term liabilities (CA$151.1K).


Debt to Equity History and Analysis

Debt Level: SAE is debt free.

Reducing Debt: SAE currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if SAE's debt is 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: SAE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SAE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -68% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

1.7yrs

Average management tenure


CEO

Tom Obradovich (58yo)

3.3yrs

Tenure

CA$180,000

Compensation

Mr. Thomas John Obradovich, also known as Tom, serves as Director at Cantex Mine Development Corporation since 2020. Mr. Obradovich is Director at Eurocontrol Technics Group Inc. since March 29, 2019. Mr.  ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD136.22K) is about average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Obradovich
Chairman3.3yrsCA$180.00k2.46% CA$378.7k
Richard Godfrey
Chief Financial Officer0.2yrsno datano data
Terence Harbort
VP of Corporate Development & Director2.9yrsCA$82.68k3.58% CA$551.1k
Andrew Malashewsky
Consultant0.2yrsCA$12.00kno data
Ruben Padilla
VP of Exploration0yrsno data2.59% CA$399.2k
Shaun Drake
Secretary0yrsno data0.0077% CA$1.2k
Kelso Cartright
Financial Controller0yrsno datano data
Morten Riset
Consultant3.3yrsno datano data

1.7yrs

Average Tenure

58yo

Average Age

Experienced Management: SAE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Obradovich
Chairman3.3yrsCA$180.00k2.46% CA$378.7k
Terence Harbort
VP of Corporate Development & Director2.9yrsCA$82.68k3.58% CA$551.1k
Jonathan Rubenstein
Director0.08yrsno data0.031% CA$4.8k
Andres Tinajero
Independent Director2.6yrsno data0.28% CA$42.7k
Brent Gilchrist
Independent Director3.3yrsno data3.48% CA$535.8k

2.9yrs

Average Tenure

51yo

Average Age

Experienced Board: SAE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SAE insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 60.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sable Resources Ltd.
  • Ticker: SAE
  • Exchange: TSXV
  • Founded: 1962
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$15.403m
  • Shares outstanding: 162.14m
  • Website: https://www.sableresources.com

Location

  • Sable Resources Ltd.
  • 999 West Hastings Street
  • Suite 900
  • Vancouver
  • British Columbia
  • V6C 2W2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAETSXV (TSX Venture Exchange)YesCommon SharesCACADDec 1989
SBLR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1989
5XLDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1989

Biography

Sable Resources Ltd. engages in the acquisition, exploration and development of mineral resource properties in Mexico, Argentina, Peru, and British Columbia. The company is involved in the exploration of the San Juan Regional program that includes Don Julio project covering an area of 35,000 hectares (ha) in San Juan Province, Argentina; and the Mexico Regional program, which includes the Margarita, Vinata and El Escarpe projects covering an area of 39,000 ha titled in Mexico. It also holds an agreement to acquire up to a 100% interest in the Scorpius project; and option to acquire 100% interest in the Kirio project covering 2,900 ha located in Central Peru. The company was formerly known as Calico Silver Mines Ltd. and changed its name to Sable Resources Ltd. in 1978. Sable Resources Ltd. was incorporated in 1962 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:24
End of Day Share Price2020/02/21 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.