TSXV:NNP

Stock Analysis Report

Executive Summary

NewNorth Projects Ltd. operates as an integrated land and building development company in Alberta.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NNP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

NNP

-2.0%

CA Real Estate

-4.8%

CA Market


1 Year Return

n/a

NNP

21.3%

CA Real Estate

0.1%

CA Market

Return vs Industry: Insufficient data to determine how NNP performed against the Canadian Real Estate industry.

Return vs Market: Insufficient data to determine how NNP performed against the Canadian Market.


Shareholder returns

NNPIndustryMarket
7 Day0%-2.0%-4.8%
30 Day0%2.4%-3.2%
90 Day66.7%7.3%-1.0%
1 Yearn/a23.2%21.3%3.3%0.1%
3 Year-34.2%-34.2%48.5%40.2%12.9%2.7%
5 Year-37.5%-37.5%86.9%47.8%29.2%10.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: NNP is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

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


Price to Book Ratio

PB vs Industry: NNP is good value based on its PB Ratio (0.7x) compared to the CA Real Estate industry average (0.9x).


Next Steps

Future Growth

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

25.9%

Forecasted Real Estate 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 NewNorth Projects 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 NewNorth Projects performed over the past 5 years?

-11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNP is currently unprofitable.

Growing Profit Margin: NNP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NNP is unprofitable, and losses have increased over the past 5 years at a rate of -11.4% per year.

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

Earnings vs Industry: NNP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-22.9%).


Return on Equity

High ROE: NNP has a negative Return on Equity (-49.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is NewNorth Projects's financial position?


Financial Position Analysis

Short Term Liabilities: NNP's short term assets (CA$2.3M) exceed its short term liabilities (CA$84.0K).

Long Term Liabilities: NNP has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NNP is debt free.

Reducing Debt: NNP had no debt 5 years ago.


Balance Sheet

Inventory Level: NNP has a high level of physical assets or inventory.

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

Forecast Cash Runway: Insufficient data to determine if NNP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

15.3yrs

Average board tenure


CEO

Greg Herndier 0

16.8yrs

Tenure

CA$67,933

Compensation

Mr. Gregory N. Herndier, also known as Greg, serves as the President of GDC-NNP Limited Partnership of Gwich'in Development Corporation. Mr. Herndier has been President of Newnorth Projects Ltd. and its Ch ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD51.11K) is below average for companies of similar size in the Canadian market ($USD157.70K).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Gregory Herndier
CEO, President & Director16.8yrsCA$67.93k0.42% CA$6.4k
John Walker
Independent Chairman13.8yrsCA$12.00k2.64% CA$40.2k
Robert Etcheverry
Independent Director17.8yrsCA$11.00kno data
Craig Johnson
Independent Director12.8yrsCA$5.00k8.66% CA$132.0k

15.3yrs

Average Tenure

67yo

Average Age

Experienced Board: NNP's board of directors are seasoned and experienced ( 15.3 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

NewNorth Projects Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NewNorth Projects Ltd.
  • Ticker: NNP
  • Exchange: TSXV
  • Founded: 2002
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CA$1.524m
  • Shares outstanding: 12.19m
  • Website: https://www.newnorthprojects.ca

Number of Employees


Location

  • NewNorth Projects Ltd.
  • 219, 1935 – 32 Avenue NE
  • Calgary
  • Alberta
  • T2E 7C8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NNPTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2002

Biography

NewNorth Projects Ltd. operates as an integrated land and building development company in Alberta. It develops Sandstone Asset, a 408 acre development project. The company was founded in 2002 and is based in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/11 23:42
End of Day Share Price2020/01/07 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.