TSXV:TORQ

Stock Analysis Report

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Executive Summary

Torq Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties in the Americas. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.2%

TORQ

-2.5%

CA Metals and Mining

-1.2%

CA Market


1 Year Return

71.1%

TORQ

53.1%

CA Metals and Mining

-4.5%

CA Market

Return vs Industry: TORQ exceeded the Canadian Metals and Mining industry which returned 54.7% over the past year.

Return vs Market: TORQ exceeded the Canadian Market which returned -3.8% over the past year.


Shareholder returns

TORQIndustryMarket
7 Day3.2%-2.5%-1.2%
30 Day-13.3%-6.8%-0.03%
90 Day-1.5%-3.9%0.9%
1 Year71.1%71.1%54.3%53.1%-1.0%-4.5%
3 Year16.1%16.1%49.7%46.7%6.4%-4.0%
5 Year712.5%712.5%139.5%132.2%34.5%13.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TORQ is overvalued based on its PB Ratio (5x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

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

22.3%

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 Torq 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 Torq Resources performed over the past 5 years?

-28.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TORQ is currently unprofitable.

Growing Profit Margin: TORQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TORQ is unprofitable, and losses have increased over the past 5 years at a rate of 28% per year.

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

Earnings vs Industry: TORQ is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).


Return on Equity

High ROE: TORQ has a negative Return on Equity (-15.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Torq Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TORQ's short term assets (CA$10.1M) exceed its short term liabilities (CA$121.0K).

Long Term Liabilities: TORQ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TORQ is debt free.

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


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: TORQ has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TORQ has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 39% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

0.4yrs

Average management tenure


CEO

Michael Kosowan

3.58yrs

Tenure

CA$241,949

Compensation

Mr. Michael Kosowan has been the Chief Executive Officer of Torq Resources Inc. since March 02, 2017 and its President since March 2017. Mr. Kosowan was an Investment Advisor of Sprott Private Wealth (Cana ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD183.86K) is about average for companies of similar size in the Canadian market ($USD170.66K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Kosowan
President3.58yrsCA$241.95k7.86%
CA$ 4.0m
Stacy Rowa
Chief Financial Officer (Leave of Absence)0.17yrCA$36.56k0.032%
CA$ 16.2k
Elizabeth Senez
Interim Chief Financial Officer0.25yrno datano data
Natasha Frakes
Manager of Corporate Communicationsno datano datano data
George Nicholson
Vice President of Exploration9.25yrsno datano data
Tracy George
Corporate Secretary0.42yrno datano data

0.4yrs

Average Tenure

Experienced Management: TORQ's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Kosowan
President3.58yrsCA$241.95k7.86%
CA$ 4.0m
Jeffrey Mason
Independent Director3.08yrsCA$15.00k1.23%
CA$ 617.8k
Ivan Bebek
Co-Chairman of the Board3.58yrsno data7.02%
CA$ 3.5m
Steven Cook
Independent Director9.17yrsCA$15.00k1.37%
CA$ 690.9k
Shawn Wallace
Co-Chairman of the Board3.58yrsCA$90.00k7.12%
CA$ 3.6m

3.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: TORQ's board of directors are considered experienced (3.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Torq Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Torq Resources Inc.
  • Ticker: TORQ
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$50.261m
  • Shares outstanding: 77.32m
  • Website: https://www.torqresources.com

Location

  • Torq Resources Inc.
  • 1199 West Hastings Street
  • Suite 600
  • Vancouver
  • British Columbia
  • V6E 3T5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TORQTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
TRBM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Torq Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties in the Americas. The company was formerly known as Stratton Resour ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:30
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.