TSXV:TIC

Stock Analysis Report

Executive Summary

Titanium Corporation Inc. develops technologies for the recovery of heavy minerals and bitumen in Canada.

Risk Analysis

Earnings have declined by -8.59% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$58M)



Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

13.8%

TIC

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

20.0%

TIC

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: TIC exceeded the Canadian Metals and Mining industry which returned 4.5% over the past year.

Return vs Market: TIC exceeded the Canadian Market which returned 4.9% over the past year.


Shareholder returns

TICIndustryMarket
7 Day13.8%4.6%0.2%
30 Day-4.3%3.7%0.4%
90 Day4.8%10.7%3.7%
1 Year20.0%20.0%5.1%4.5%8.2%4.9%
3 Year8.2%8.2%-5.4%-7.0%15.9%5.5%
5 Year-30.5%-30.5%26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: TIC 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 TIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIC is overvalued based on its PB Ratio (12x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.8%

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 Titanium 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 Titanium performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIC is currently unprofitable.

Growing Profit Margin: TIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TIC is unprofitable, and losses have increased over the past 5 years at a rate of -8.6% per year.

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

Earnings vs Industry: TIC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).


Return on Equity

High ROE: TIC has a negative Return on Equity (-6.43%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Titanium's financial position?


Financial Position Analysis

Short Term Liabilities: TIC's short term assets (CA$5.6M) exceed its short term liabilities (CA$742.8K).

Long Term Liabilities: TIC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TIC is debt free.

Reducing Debt: TIC had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if TIC'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: TIC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TIC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

9.9yrs

Average management tenure


CEO

Scott Nelson 0

15yrs

Tenure

CA$626,300

Compensation

Mr. Scott Nelson has been the Chief Executive Officer, President and Director at Titanium Corporation Inc. since February 23, 2005. Mr. Nelson served as President of Amerada Hess Canada Ltd., from February ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD473.42K) is above average for companies of similar size in the Canadian market ($USD154.66K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Scott Nelson
President15yrsCA$626.30k1.07% CA$622.7k
Jennifer Kaufield
VP of Finance & CFO9.9yrsCA$470.55k0.24% CA$142.0k
Kevin Moran
Executive VP & CTO2.7yrsCA$605.20k0.19% CA$111.9k
Jessica Brown
Corporate Secretary0yrsno datano data

9.9yrs

Average Tenure

Experienced Management: TIC's management team is seasoned and experienced (9.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Nelson
President15yrsCA$626.30k1.07% CA$622.7k
Brant Sangster
Independent Director13.4yrsCA$107.80k0.098% CA$57.3k
John Stevens
Independent Director3.3yrsCA$110.70k2.8% CA$1.6m
Moss Kadey
Independent Director11.6yrsCA$67.20k3.77% CA$2.2m
David Charles MacDonald
Non-Executive Chairman3.8yrsCA$158.50k5.87% CA$3.4m
Bruce Griffin
Independent Director0.5yrsno datano data

7.7yrs

Average Tenure

Experienced Board: TIC's board of directors are considered experienced (7.7 years average tenure).


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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.


Top Shareholders

Company Information

Titanium Corporation Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Titanium Corporation Inc.
  • Ticker: TIC
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$58.397m
  • Shares outstanding: 88.48m
  • Website: https://www.titaniumcorporation.com

Location

  • Titanium Corporation Inc.
  • Petro Fina Building
  • 800, 736 - 8th Avenue SW
  • Calgary
  • Alberta
  • T2P 1H4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TICTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 1988
TMDDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 1988
TITU.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 1988

Biography

Titanium Corporation Inc. develops technologies for the recovery of heavy minerals and bitumen in Canada. The company’s Value from Waste technology is used to recover bitumen, solvents, minerals, and water from oil sands waste tailings. It has interests in six oil sands mining projects, which are operated through Canadian Natural Resources Limited, Suncor Energy Inc., Syncrude Canada, and Imperial Oil Limited (Kearl). The company is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:09
End of Day Share Price2020/02/14 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.