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Torrent Capital

MUN:0MLA
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MLA
MUN
CA$9M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Torrent Capital Ltd., an investment company, focuses on investments in private and public company securities. The last earnings update was 87 days ago. More info.


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0MLA Share Price and Events
7 Day Returns
-0.4%
MUN:0MLA
0.3%
DE Capital Markets
1.2%
DE Market
1 Year Returns
37.5%
MUN:0MLA
-23.6%
DE Capital Markets
-11.2%
DE Market
0MLA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Torrent Capital (0MLA) -0.4% -7% 0.8% 37.5% - -
DE Capital Markets 0.3% -1.4% -3.3% -23.6% -20.3% -54.4%
DE Market 1.2% 2.7% 1.7% -11.2% 12% 6.1%
1 Year Return vs Industry and Market
  • 0MLA outperformed the Capital Markets industry which returned -23.6% over the past year.
  • 0MLA outperformed the Market in Germany which returned -11.2% over the past year.
Price Volatility
0MLA
Industry
5yr Volatility vs Market

0MLA Value

 Is Torrent Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Torrent Capital. This is due to cash flow or dividend data being unavailable. The share price is €0.253.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Torrent Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Torrent Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:0MLA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.24
TSXV:TORR Share Price ** TSXV (2019-02-22) in CAD CA$0.37
Germany Capital Markets Industry PE Ratio Median Figure of 18 Publicly-Listed Capital Markets Companies 17.63x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Torrent Capital.

MUN:0MLA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:TORR Share Price ÷ EPS (both in CAD)

= 0.37 ÷ 0.24

1.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Torrent Capital is good value based on earnings compared to the DE Capital Markets industry average.
  • Torrent Capital is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Torrent Capital's expected growth come at a high price?
Raw Data
MUN:0MLA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Torrent Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Torrent Capital's assets?
Raw Data
MUN:0MLA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.50
TSXV:TORR Share Price * TSXV (2019-02-22) in CAD CA$0.37
Germany Capital Markets Industry PB Ratio Median Figure of 30 Publicly-Listed Capital Markets Companies 1.82x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.78x
MUN:0MLA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:TORR Share Price ÷ Book Value per Share (both in CAD)

= 0.37 ÷ 0.50

0.73x

* Primary Listing of Torrent Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Torrent Capital is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Torrent Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Torrent Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0MLA Future Performance

 How is Torrent Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Torrent Capital 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Torrent Capital expected to grow at an attractive rate?
  • Unable to compare Torrent Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Torrent Capital's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Torrent Capital's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:0MLA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 29.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:0MLA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:0MLA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 7 0 6
2018-06-30 1 -2 -0
2018-03-31 0 -5 -1
2017-12-31 2 -6 1
2017-09-30 -0 -5 -1
2017-06-30 -0 -4 -1
2017-03-31 0 -1 -1
2016-12-31 0 -0 -0
2016-09-30 -0 1
2016-06-30 -0 1
2016-03-31 -0 1
2015-12-31 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Torrent Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Torrent Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:0MLA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Torrent Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:0MLA Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.24
2018-06-30 -0.01
2018-03-31 -0.03
2017-12-31 0.04
2017-09-30 -0.06
2017-06-30 -0.06
2017-03-31 -0.04
2016-12-31 -0.00
2016-09-30 0.03
2016-06-30 0.04
2016-03-31 0.03
2015-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Torrent Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Torrent Capital is trading at Torrent Capital'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Torrent Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Torrent Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Torrent Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Torrent Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0MLA Past Performance

  How has Torrent Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Torrent Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Torrent Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • Torrent Capital has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Torrent Capital has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Torrent Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Torrent Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:0MLA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 6.60 5.71 0.49
2018-06-30 0.59 -0.27 0.54
2018-03-31 0.20 -0.68 0.54
2017-12-31 1.84 0.99 0.51
2017-09-30 -0.07 -1.33 0.39
2017-06-30 -0.31 -1.50 0.33
2017-03-31 0.15 -1.00 0.32
2016-12-31 0.08 -0.01 0.37
2016-09-30 0.80 0.39
2016-06-30 0.83 0.34
2016-03-31 0.72 0.34
2015-12-31 -0.25 0.29
2015-09-30 -0.35 0.49
2015-06-30 -0.40 0.48
2015-03-31 -0.18 0.48
2014-12-31 -0.03 0.46
2014-09-30 -0.02 0.77
2014-06-30 -0.48 1.06
2014-03-31 -0.75 1.07
2013-12-31 -1.09 1.20
2013-09-30 -3.63 0.75
2013-06-30 -1.45 0.53
2013-03-31 -0.33 0.55
2012-12-31 -0.29 0.46
2012-09-30 2.20 0.45
2012-06-30 0.49 0.42
2012-03-31 -0.49 0.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Torrent Capital made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Torrent Capital used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Torrent Capital has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Torrent Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Torrent Capital has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0MLA Health

 How is Torrent Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Torrent Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Torrent Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Torrent Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Torrent Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Torrent Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Torrent Capital Company Filings, last reported 4 months ago.

MUN:0MLA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 11.91 0.00 1.83
2018-06-30 5.85 0.00 0.11
2018-03-31 6.02 0.00 0.20
2017-12-31 7.69 0.00 0.77
2017-09-30 6.12 0.00 1.42
2017-06-30 5.99 0.00 2.52
2017-03-31 6.55 0.00 5.50
2016-12-31 6.58 0.00 6.35
2016-09-30 7.38 0.00 6.42
2016-06-30 7.46 0.00 6.06
2016-03-31 7.81 0.00 6.26
2015-12-31 6.58 0.00 6.48
2015-09-30 6.58 0.00 6.51
2015-06-30 6.63 0.00 6.55
2015-03-31 6.83 0.00 6.68
2014-12-31 6.83 0.00 5.05
2014-09-30 6.90 0.00 5.28
2014-06-30 7.00 0.00 5.14
2014-03-31 6.98 0.00 5.17
2013-12-31 6.83 0.00 5.25
2013-09-30 6.92 0.00 6.90
2013-06-30 7.48 0.00 7.46
2013-03-31 7.65 0.00 7.85
2012-12-31 7.83 0.00 8.05
2012-09-30 10.46 0.00 8.32
2012-06-30 8.59 0.00 6.79
2012-03-31 7.71 0.00 6.34
  • Torrent Capital has no debt.
  • Torrent Capital has not taken on any debt in the past 5 years.
  • Torrent Capital has no debt, it does not need to be covered by operating cash flow.
  • Torrent Capital has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Torrent Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Torrent Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0MLA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Torrent Capital dividends.
If you bought €2,000 of Torrent Capital shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Torrent Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Torrent Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:0MLA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Torrent Capital has not reported any payouts.
  • Unable to verify if Torrent Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Torrent Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Torrent Capital has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Torrent Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Torrent Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Torrent Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0MLA Management

 What is the CEO of Torrent Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wade Dawe
COMPENSATION CA$48,684
AGE 48
TENURE AS CEO 2.8 years
CEO Bio

Mr. Wade K. Dawe has been Chief Executive Officer of Metallum Resources Inc. since April 15, 2016. Mr. Dawe is the Founding Partner of Southbound. He serves as Chairman and President of Vulcan Minerals Inc. He serves as the Chief Executive Officer of Fortune Bay Corp. He has been the President of NewLab Ventures Inc. since November 1994. Investments, Inc. Mr. Dawe has been an entrepreneur in Canadian mining and venture capital industries since 1994. He served as an Advisor of Canada Rare Earth Corporation since April 2010. He serves as Advisor of Minco Silver Corporation. He served as the Chairman and Chief Executive Officer of Fortune Bay Corp. since January 2014. Mr. Dawe served as the President of Brigus Capital, Inc. since January 2000. Mr. Dawe was the Owner of Brigus Capital Incorporated. He served as the Executive Chairman of NWest Energy Corp. until June 18, 2013. He founded Linear Gold Corporation in 2003 and served as its Chief Executive Officer, Chief Financial Officer, Secretary and President since September 26, 2003. He served as the Chief Executive Officer and President at Brigus Gold ULC since September 26, 2003. Mr. Dawe co-founded and served as the Chairman of Brigus Gold Corp. from June 2010 to March 2014 and Chief Executive Officer from June 25, 2010 to March 2014. He served as President of Brigus Gold Corp from June 25, 2010 to January 2013. Mr. Dawe served as an Acting President of East Energy Corp. since March 2009. He co-founded Ucore Uranium Inc. and Keeper Resources Inc. in 2003. Mr. Dawe served as the Chief Executive Officer, President, Chief Financial Officer and Secretary of Rhino Resources Inc. He served as Vice President of Linear Gold Corp. from February 2000 to September 2003. He served as the Chief Executive Officer of Stockport Exploration Inc. until March 13, 2008 and its President until December 31, 2007. He served as an Executive Officer of Minco Gold Corporation. With extensive contacts in the business and investment banking communities he has consulted for a number of successful publicly traded Canadian companies and has raised millions of dollars in equity financing. Mr. Dawe served as an Account Manager of Atlantic Canada Opportunities Agency from 1993 to 1995. In 1992 and 1993, he served as a Sales and Marketing Manager of Riverdale Contractors Ltd. He serves as Chairman of Linear Gold Corp. and Stockport Exploration Inc until November 16, 2016. He serves as a Director of 8724385 Canada Limited. He has been the Chairman and Director of Pivot Technology Solutions, Inc. since 2016. He serves as a Director of TinBu, LLC. Mr. Dawe serves on the Advisory Board to the Faculty of Business Administration at Memorial University of Newfoundland. He has been a Director of Metallum Resources Inc. since August 27, 2013, Brigus Gold Corp. since June 25, 2010, NWest Energy, Inc. since January 2008 and Gobi Gold Inc. since August 2005. He has been a Director at kneat.com, inc. since June 14, 2014. He served as an Independent Director at IMV Inc. since September 25, 2014 until 2018 and served as its Director from May 18, 2007 to April 23, 2014. He served as the Chairman of Ucore Rare Metals Inc. until December 30, 2009 and its Director from June 2009 to December 30, 2009. He served as the Chairman at Brigus Gold ULC and its Director since February 2000. He serves as the Chairman of Fortune Bay Corp since and has been its Director since May 13, 2016. He has been a Director at Sona Nanotech Limited since August 2015. He served as a Director of Fortune Bay Corp since January 14, 2014. Mr. Dawe served as a Director of NWest Energy Corp. from January 2008 to June 18, 2013. Mr. Dawe served as Director of Stockport Exploration Inc. since November 2004 until November 16, 2016 and Linear Gold Corp. since 2000 until November 16, 2016. He served as a Director of Rhino Resources Inc. since May 2007 and Celtic Minerals, Ltd. since 2003. Mr. Dawe served as a Director of Canada Rare Earth Corporation until April 2010. He served as an Independent Director of Minco Silver Corporation from December 8, 2004 to June 27, 2007. He served as an Independent Director of Keeper Resources Inc. since October 2003. He served as a Director of East Energy Corp. since March 6, 2009 and also from August 23, 2005 to September 17, 2007. Mr. Dawe served as a Director of Trilogy Metals Inc. He is a member of the Young President' Organization (YPO), an international organization for business leaders. He is an accomplished entrepreneur, financier and investor. Mr. Dawe holds a Bachelor of Commerce Degree from the Memorial University of Newfoundland in May 1992.

CEO Compensation
  • Wade's compensation has been consistent with company performance over the past year.
  • Wade's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Torrent Capital management team in years:

2.5
Average Tenure
48
Average Age
  • The tenure for the Torrent Capital management team is about average.
Management Team

Wade Dawe

TITLE
CEO & Director
COMPENSATION
CA$49K
AGE
48
TENURE
2.8 yrs

Rob Randall

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$67K
AGE
55
TENURE
2.5 yrs

Scott Gardner

TITLE
Chief Investment Officer
COMPENSATION
CA$198K
AGE
44
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Torrent Capital board of directors in years:

5.5
Average Tenure
54.5
Average Age
  • The tenure for the Torrent Capital board of directors is about average.
Board of Directors

Philip Armstrong

TITLE
Chairman
COMPENSATION
CA$14K
AGE
68
TENURE
1.8 yrs

Wade Dawe

TITLE
CEO & Director
COMPENSATION
CA$49K
AGE
48
TENURE
5.5 yrs

Carl Hansen

TITLE
Independent Director
COMPENSATION
CA$11K
AGE
56
TENURE
10.3 yrs

Jim Megann

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
53
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Torrent Capital insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Jan 19 Buy Brigus Capital Incorporated Company 10. Jan 19 10. Jan 19 8,000 €0.26 €2,046
02. Jan 19 Buy Brigus Capital Incorporated Company 02. Jan 19 02. Jan 19 20,000 €0.25 €4,926
07. Jan 19 Buy Wade Dawe Individual 04. Jan 19 04. Jan 19 14,000 €0.25 €3,570
27. Sep 18 Buy Brigus Capital Incorporated Company 26. Sep 18 26. Sep 18 50,000 €0.24 €11,363
17. Sep 18 Buy Brigus Capital Incorporated Company 14. Sep 18 14. Sep 18 154,000 €0.23 €34,562
04. Jun 18 Buy Harold Megann Individual 04. Jun 18 04. Jun 18 20,000 €0.17 €3,359
20. Mar 18 Buy Harold Megann Individual 20. Mar 18 20. Mar 18 25,000 €0.17 €4,271
X
Management checks
We assess Torrent Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Torrent Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0MLA News

Simply Wall St News

0MLA Company Info

Map
Description

Torrent Capital Ltd., an investment company, focuses on investments in private and public company securities. The company was formerly known as Metallum Resources Inc. and changed its name to Torrent Capital Ltd. in February 2017. Torrent Capital Ltd. is based in Halifax, Canada.

Details
Name: Torrent Capital Ltd.
0MLA
Exchange: MUN
Founded:
CA$5,823,741
23,848,333
Website: http://
Address: Torrent Capital Ltd.
Purdy’s Wharf II,
Suite 2001,
Halifax,
Nova Scotia, B3J 3R7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TORR Common Shares TSX Venture Exchange CA CAD 22. Mar 1990
OTCPK TRRP.F Common Shares Pink Sheets LLC US USD 22. Mar 1990
MUN 0MLA Common Shares Boerse Muenchen DE EUR 22. Mar 1990
DB A2DLLD COM NPV Deutsche Boerse AG DE CAD 23. Feb 2019
Number of employees
Current staff
Staff numbers
0
Torrent Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 22:16
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.