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SALT

Atlas Salt TSXV:SALT Stock Report

Last Price

CA$1.97

Market Cap

CA$172.6m

7D

10.1%

1Y

166.2%

Updated

03 Oct, 2022

Data

Company Financials
SALT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SALT Stock Overview

Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada.

Atlas Salt Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Atlas Salt
Historical stock prices
Current Share PriceCA$1.97
52 Week HighCA$4.48
52 Week LowCA$0.71
Beta3.85
1 Month Change-41.19%
3 Month Change-19.59%
1 Year Change166.22%
3 Year Change4,825.00%
5 Year Change4,825.00%
Change since IPO3,183.33%

Recent News & Updates

Shareholder Returns

SALTCA Metals and MiningCA Market
7D10.1%12.4%3.3%
1Y166.2%-6.0%-4.0%

Return vs Industry: SALT exceeded the Canadian Metals and Mining industry which returned -8.1% over the past year.

Return vs Market: SALT exceeded the Canadian Market which returned -6.6% over the past year.

Price Volatility

Is SALT's price volatile compared to industry and market?
SALT volatility
SALT Average Weekly Movement15.3%
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: SALT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: SALT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2011n/aPatrick Laracyhttps://www.atlassalt.com

Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for potash, salt, gypsum, and other mineral deposits. It holds 100% interest in the Great Atlantic salt project in the Bay St. George Basin of Western Newfoundland.

Atlas Salt Fundamentals Summary

How do Atlas Salt's earnings and revenue compare to its market cap?
SALT fundamental statistics
Market CapCA$172.56m
Earnings (TTM)-CA$2.12m
Revenue (TTM)n/a

0.0x

P/S Ratio

-81.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SALT income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$2.12m
Earnings-CA$2.12m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.024
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did SALT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SALT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SALT?

Other financial metrics that can be useful for relative valuation.

SALT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-82.5x
PEG Ration/a

Price to Book Ratio vs Peers

How does SALT's PB Ratio compare to its peers?

SALT PB Ratio vs Peers
The above table shows the PB ratio for SALT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.4x
CUR Consolidated Uranium
6.7xn/aCA$164.1m
S Sherritt International
0.2x-15.9%CA$153.0m
WM Wallbridge Mining
0.5xn/aCA$167.7m
EMO Emerita Resources
6.3xn/aCA$157.1m
SALT Atlas Salt
15.2xn/aCA$172.6m

Price-To-Book vs Peers: SALT is expensive based on its Price-To-Book Ratio (15.2x) compared to the peer average (3.4x).


Price to Earnings Ratio vs Industry

How does SALT's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: SALT is expensive based on its Price-To-Book Ratio (15.2x) compared to the Canadian Metals and Mining industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is SALT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SALT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio15.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SALT's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SALT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SALT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SALT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.1%

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 Atlas Salt 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.


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  • Examine Atlas Salt's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Atlas Salt competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Atlas Salt performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-66.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SALT is currently unprofitable.

Growing Profit Margin: SALT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SALT is unprofitable, and losses have increased over the past 5 years at a rate of 66.6% per year.

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

Earnings vs Industry: SALT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: SALT has a negative Return on Equity (-18.65%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Atlas Salt's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SALT's short term assets (CA$8.6M) exceed its short term liabilities (CA$554.1K).

Long Term Liabilities: SALT's short term assets (CA$8.6M) exceed its long term liabilities (CA$149.7K).


Debt to Equity History and Analysis

Debt Level: SALT is debt free.

Reducing Debt: SALT has not had any debt for past 5 years.


Balance Sheet


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: SALT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SALT has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 57.7% each year.


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Dividend

What is Atlas Salt current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Atlas Salt Dividend Yield vs Market
How does Atlas Salt dividend yield compare to the market?
SegmentDividend Yield
Company (Atlas Salt)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Atlas Salt)n/a

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

High Dividend: Unable to evaluate SALT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SALT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SALT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SALT has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Patrick Laracy (62 yo)

11.33yrs

Tenure

CA$50,000

Compensation

Mr. Patrick J. Laracy, LL B., P. Geo, has been a Director at Atlas Salt Inc. (formerly known as Red Moon Resources Inc.) since June 15, 2011 and served as its Chairman of the Board until 2021. He serves as...


Board Members

Experienced Board: SALT'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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:SALT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
24 May 22BuyCA$106,408John AndersonIndividual62,800CA$1.83
12 Nov 21BuyCA$42,162John AndersonIndividual30,000CA$1.41
20 Oct 21BuyCA$62,500John AndersonIndividual50,000CA$1.25

Ownership Breakdown

What is the ownership structure of SALT?
Owner TypeNumber of SharesOwnership Percentage
Institutions800,4000.9%
Private Companies1,289,8501.5%
Individual Insiders4,978,9055.8%
Public Companies28,891,00033.4%
General Public50,534,70358.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.5%.


Top Shareholders

Top 9 shareholders own 41.57% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
33.4%
Vulcan Minerals Inc.
28,891,000CA$56.9m0%no data
4.17%
Patrick Laracy
3,609,272CA$7.1m7.08%no data
0.91%
John Anderson
786,300CA$1.5m12.12%no data
0.81%
Dollard Investments Ltd.
700,000CA$1.4m75%no data
0.72%
Purplefish Capital Management Inc.
625,000CA$1.2m25%no data
0.68%
Triassic Properties Ltd
589,850CA$1.2m9.26%no data
0.56%
Frederick Noel
483,333CA$952.2k0%no data
0.2%
Next Edge Capital Corp.
175,400CA$345.5k0%1.98%
0.12%
Timothy Howe
100,000CA$197.0k0%no data

Company Information

Atlas Salt Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Salt Inc.
  • Ticker: SALT
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$172.562m
  • Shares outstanding: 87.60m
  • Website: https://www.atlassalt.com

Location

  • Atlas Salt Inc.
  • 333 Duckworth Street
  • Saint John's
  • Newfoundland and Labrador
  • A1C 1G9
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SALTTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2012
REMR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2012
9D00DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.