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Argex Titanium

DB:ASV
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASV
DB
CA$13M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Argex Titanium Inc. produces titanium dioxide (TiO2) pigment in Canada. The last earnings update was 27 days ago. More info.


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  • Argex Titanium has significant price volatility in the past 3 months.
ASV Share Price and Events
7 Day Returns
0%
DB:ASV
-1%
DE Chemicals
0.8%
DE Market
1 Year Returns
-13.3%
DB:ASV
-9.9%
DE Chemicals
-4.5%
DE Market
ASV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Argex Titanium (ASV) 0% 0% -3.7% -13.3% 44.4% -94.7%
DE Chemicals -1% 7.9% 9.8% -9.9% 14.5% 3.6%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • ASV underperformed the Chemicals industry which returned -9.9% over the past year.
  • ASV underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
ASV
Industry
5yr Volatility vs Market

Value

 Is Argex Titanium 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.

In this section, we usually try to help investors determine whether Argex Titanium is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Argex Titanium has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Argex Titanium. This is due to cash flow or dividend data being unavailable. The share price is €0.026.
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 Argex Titanium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Argex Titanium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ASV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSX:RGX Share Price ** TSX (2019-04-25) in CAD CA$0.03
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 17.32x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Argex Titanium.

DB:ASV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RGX Share Price ÷ EPS (both in CAD)

= 0.03 ÷ -0.01

-2.36x

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

  • Argex Titanium is loss making, we can't compare its value to the DE Chemicals industry average.
  • Argex Titanium is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Argex Titanium's expected growth come at a high price?
Raw Data
DB:ASV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Chemicals Industry PEG Ratio Median Figure of 13 Publicly-Listed Chemicals Companies 2.51x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*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 Argex Titanium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Argex Titanium's assets?
Raw Data
DB:ASV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.00
TSX:RGX Share Price * TSX (2019-04-25) in CAD CA$0.03
Germany Chemicals Industry PB Ratio Median Figure of 19 Publicly-Listed Chemicals Companies 1.77x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:ASV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RGX Share Price ÷ Book Value per Share (both in CAD)

= 0.03 ÷ 0.00

-329.67x

* Primary Listing of Argex Titanium.

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

  • Argex Titanium has negative assets, we can't compare the value of its assets to the DE Chemicals industry average.

Next steps:

  1. Take a look at our analysis of ASV’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Argex Titanium's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Chemicals industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Argex Titanium'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Argex Titanium has a total score of 0/6, 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.

Future Performance

 How is Argex Titanium 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 Argex 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 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
6.3%
Expected Chemicals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Argex Titanium expected to grow at an attractive rate?
  • Unable to compare Argex Titanium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Argex Titanium's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Argex Titanium's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ASV Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:ASV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
DB:ASV Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -5
2018-09-30 -2 -4
2018-06-30 -2 -4
2018-03-31 -2 -5
2017-12-31 -2 -5
2017-09-30 -3 -9
2017-06-30 -3 -8
2017-03-31 -3 -7
2016-12-31 -2 -7
2016-09-30 -1 -3
2016-06-30 -2 -3
2016-03-31 -4 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Argex Titanium is high growth as no earnings estimate data is available.
  • Unable to determine if Argex Titanium 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
DB:ASV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Argex Titanium Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ASV Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.04

*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 Argex Titanium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ASV’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Argex Titanium'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 Materials companies here
  3. Argex Titanium'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 Argex Titanium'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.
Argex Titanium 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.

Past Performance

  How has Argex Titanium 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 Argex Titanium's growth in the last year to its industry (Chemicals).
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.
  • Argex Titanium does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Argex Titanium's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Argex Titanium's 1-year growth to the DE Chemicals industry average as it is not currently profitable.
Earnings and Revenue History
Argex Titanium'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 Argex Titanium Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ASV Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -4.66 3.55
2018-09-30 -4.29 3.11 -0.07
2018-06-30 -4.27 2.93 -0.07
2018-03-31 -4.72 3.40 -0.08
2017-12-31 -4.90 3.30
2017-09-30 -8.84 5.09 0.17
2017-06-30 -8.45 4.90 0.23
2017-03-31 -7.49 3.92 0.17
2016-12-31 -6.57 3.33
2016-09-30 -2.98 1.74 0.18
2016-06-30 -3.30 1.83 0.04
2016-03-31 -5.14 2.55 0.22
2015-12-31 -7.59 4.61 0.45
2015-09-30 -13.09 9.11 1.28
2015-06-30 -15.83 11.35 1.66
2015-03-31 -16.33 12.85 2.00
2014-12-31 -16.57 12.94 2.14
2014-09-30 -18.25 11.85 1.29
2014-06-30 -18.34 11.68 0.90
2014-03-31 -17.35 10.61 0.37
2013-12-31 -15.74 9.34
2013-09-30 -9.56 7.06
2013-06-30 -7.09 5.73
2013-03-31 -6.33 5.53
2012-12-31 -5.84 5.48
2012-09-30 -4.82 4.74
2012-06-30 -4.29 4.26

*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.
  • It is difficult to establish if Argex Titanium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Argex Titanium has efficiently used its assets last year compared to the DE Chemicals industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Argex Titanium improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Argex Titanium'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 Chemicals 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.
Argex Titanium has a total score of 0/6, 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.

Health

 How is Argex Titanium'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 Argex Titanium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Argex Titanium's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Argex Titanium's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Argex Titanium'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.
  • Debt is not covered by short term assets, assets are 0.3x debt.
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 Argex Titanium Company Filings, last reported 3 months ago.

DB:ASV Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.88 2.13 0.28
2018-09-30 0.47 2.41 0.36
2018-06-30 -0.30 2.56 0.06
2018-03-31 0.55 2.01 0.09
2017-12-31 0.65 1.85 0.14
2017-09-30 0.51 1.80 0.03
2017-06-30 0.76 1.67 0.26
2017-03-31 -1.47 4.75 0.68
2016-12-31 -3.61 6.09 0.48
2016-09-30 -0.04 6.48 1.61
2016-06-30 -2.30 6.17 0.00
2016-03-31 -1.56 6.07 0.03
2015-12-31 -1.09 5.87 0.08
2015-09-30 -0.07 5.62 0.85
2015-06-30 0.33 5.54 0.79
2015-03-31 2.49 5.45 2.91
2014-12-31 4.94 5.37 5.85
2014-09-30 21.80 5.29 9.31
2014-06-30 23.41 5.22 10.49
2014-03-31 23.23 0.00 3.67
2013-12-31 13.70 0.00 6.74
2013-09-30 32.50 0.00 9.39
2013-06-30 24.91 0.00 0.75
2013-03-31 26.80 0.00 3.18
2012-12-31 27.74 0.00 5.47
2012-09-30 28.10 0.00 6.78
2012-06-30 24.21 0.00 3.75
  • Argex Titanium's level of debt (240.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 240.9% today).
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.

  • Argex Titanium has less than a year of cash runway based on current free cash flow.
  • Argex Titanium has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.4% each year.
X
Financial health checks
We assess Argex Titanium'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. Argex Titanium has a total score of 0/6, 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.

Dividends

 What is Argex Titanium'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 Argex Titanium dividends.
If you bought €2,000 of Argex Titanium 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 Argex Titanium's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Argex Titanium'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
DB:ASV 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 Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

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 Argex Titanium has not reported any payouts.
  • Unable to verify if Argex Titanium's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Argex Titanium's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Argex Titanium 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 Argex Titanium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Argex Titanium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Argex Titanium 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.

Management

 What is the CEO of Argex Titanium'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
Mazen Alnaimi
COMPENSATION CA$366,667
TENURE AS CEO 2.8 years
CEO Bio

Mr. Mazen Alnaimi has been an Executive Chairman and Chief Executive Officer of Argex Titanium Inc. since July 26, 2016. Mr. Alnaimi has vast experience spanning almost 30 years in the commercialization of green field oil and gas, petrochemicals and steelmaking projects. He started his professional career with Aramco, the oil production arm of the Saudi government, where he held positions of increasing responsibility. He was Project Engineer for a sea water injection facility and Design Manager for a refinery unit in Qassim, Saudi Arabia, assigned to work with Bechtel, first in San Francisco and later in Tokyo, Japan. He left Aramco in 1985 to enter Saudi Fransi Bank, where he became involved in assessing the risk associated with financing mega petrochemical and steel production facilities on the bank's behalf. In 1989, he started the first private-sector petrochemical facility in the Arabian Gulf, involving investors from five Gulf countries. As Managing Partner, he was the visionary behind the project, from initial conceptualization to feasibility studies, technology selection and development, construction, commissioning, production, marketing and operations. In 2000, he started the first medium-section structural steel company in the Gulf region, United Gulf Steel, another very successful venture, where he played the same role that he had at Chemanol. In 2001, he started a successful decorative laminate plant (MODECOR), again as a green field project. He has started several businesses in consulting, logistics and oil and gas services. After earning a B.S. in Civil Engineering from the University of Nebraska (1977) and an M.B.A. from the University of Houston (1981).

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

Average tenure of the Argex Titanium management team in years:

2.7
Average Tenure
  • The tenure for the Argex Titanium management team is about average.
Management Team

Mazen Alnaimi

TITLE
Executive Chairman & CEO
COMPENSATION
CA$367K
TENURE
2.8 yrs

Carroll Moore

TITLE
Chief Operating Officer
COMPENSATION
CA$451K
TENURE
2.7 yrs

Arty Davilmar

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Neil Wiener

TITLE
Secretary
AGE
64
Board of Directors Tenure

Average tenure and age of the Argex Titanium board of directors in years:

2.8
Average Tenure
45
Average Age
  • The average tenure for the Argex Titanium board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mazen Alnaimi

TITLE
Executive Chairman & CEO
COMPENSATION
CA$367K
TENURE
2.8 yrs

Mazen Haddad

TITLE
Director
AGE
44
TENURE
7.8 yrs

Florian Rais

TITLE
Lead Director
AGE
45

Abderraouf Ghali

TITLE
Director
TENURE
2.8 yrs

Amir Dallala

TITLE
Director
TENURE
1.9 yrs

Jean Martineau

TITLE
Director
AGE
68
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Argex Titanium 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 (€)
21. Feb 19 Buy Mazen Haddad Individual 20. Feb 19 20. Feb 19 1,000,000 €0.03 €26,762
21. Sep 18 Buy Mazen Alnaimi Individual 13. Sep 18 13. Sep 18 24,371,875 €0.02 €513,393
X
Management checks
We assess Argex Titanium'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. Argex Titanium 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.

News

Simply Wall St News

Company Info

Description

Argex Titanium Inc. produces titanium dioxide (TiO2) pigment in Canada. The company develops a chemical process for the production of high-grade TiO2 for use in paint, plastic, catalytic coating, paper, sunscreen, packaging, printing ink, toothpaste, food, pharmaceutical, and other TiO2 applications. Its proprietary process is designed to produce TiO2 and other by-products. The company was formerly known as Argex Mining Inc. and changed its name to Argex Titanium Inc. in July 2012. Argex Titanium Inc. is headquartered in Laval, Canada.

Details
Name: Argex Titanium Inc.
ASV
Exchange: DB
Founded:
CA$8,881,687
444,984,601
Website: http://www.argex.ca
Address: Argex Titanium Inc.
3055, St-Martin Boulevard West,
Suite 500,
Laval,
Quebec, H7T 0J3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RGX Common Shares The Toronto Stock Exchange CA CAD 10. Nov 2009
OTCPK ARGE.F Common Shares Pink Sheets LLC US USD 10. Nov 2009
DB ASV Common Shares Deutsche Boerse AG DE EUR 10. Nov 2009
Number of employees
Current staff
Staff numbers
0
Argex Titanium employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:40
End of day share price update: 2019/04/25 00:00
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.