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Urbana

OTCPK:UBAA.F
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UBAA.F
OTCPK
CA$114M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. The last earnings update was 129 days ago. More info.


Add to Portfolio Compare Print
  • Urbana is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
UBAA.F Share Price and Events
7 Day Returns
0.2%
OTCPK:UBAA.F
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
-
OTCPK:UBAA.F
-11.9%
US Capital Markets
3%
US Market
UBAA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Urbana (UBAA.F) 0.2% 1.6% 11.3% - 21.9% 0.6%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on UBAA.F.
  • No trading data on UBAA.F.
Price Volatility
UBAA.F
Industry
5yr Volatility vs Market

UBAA.F Value

 Is Urbana 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
Here we compare the current share price of Urbana to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Urbana.

OTCPK:UBAA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$4.48 * 7.1%
CA$0.32
Book Value of Equity per Share Median Book Value from the past 5 years. CA$4.48
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:UBAA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 26.5%) (4.04%))
0.832
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.832 * 5.96%)
7.69%

Discounted Cash Flow Calculation for OTCPK:UBAA.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Urbana is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:UBAA.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 7.69%) * CA$4.48)
CA$-0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.03 / (7.69% - 2.73%)
CA$-0.52
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$4.48 + CA$-0.52
CA$3.96
OTCPK:UBAA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:UBAA.F represents 0.71987x of TSX:URB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.71987x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 3.96 x 0.71987
$2.85
Value per share (USD) From above. $2.85
Current discount Discount to share price of $1.69
= -1 x ($1.69 - $2.85) / $2.85
40.6%

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

Current Discount
Amount off the current price Urbana is available for.
Intrinsic value
41%
Share price is $1.69 vs Future cash flow value of $2.85
Current Discount Checks
For Urbana to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Urbana's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Urbana's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Urbana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Urbana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:UBAA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.23
TSX:URB Share Price ** TSX (2019-03-20) in CAD CA$2.35
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Urbana.

OTCPK:UBAA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.35 ÷ -0.23

-10.4x

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

  • Urbana is loss making, we can't compare its value to the US Capital Markets industry average.
  • Urbana is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Urbana's expected growth come at a high price?
Raw Data
OTCPK:UBAA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Urbana, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Urbana's assets?
Raw Data
OTCPK:UBAA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$4.46
TSX:URB Share Price * TSX (2019-03-20) in CAD CA$2.35
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:UBAA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.35 ÷ 4.46

0.53x

* Primary Listing of Urbana.

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

  • Urbana is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Urbana'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. Urbana 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.

UBAA.F Future Performance

 How is Urbana 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 Urbana 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
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Urbana expected to grow at an attractive rate?
  • Unable to compare Urbana's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Urbana's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Urbana's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:UBAA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:UBAA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
OTCPK:UBAA.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -6 11 -11
2018-06-30 4 -2 -2
2018-03-31 10 -2 3
2017-12-31 39 26 29
2017-09-30 65 15 52
2017-06-30 72 20 58
2017-03-31 90 16 73
2016-12-31 68 -3 54
2016-09-30 34 1 26
2016-06-30 17 5 10
2016-03-31 0 6 -3
2015-12-31 17 9 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Urbana is high growth as no earnings estimate data is available.
  • Unable to determine if Urbana 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
OTCPK:UBAA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Urbana Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:UBAA.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.23
2018-06-30 -0.04
2018-03-31 0.07
2017-12-31 0.57
2017-09-30 1.01
2017-06-30 1.12
2017-03-31 1.40
2016-12-31 1.02
2016-09-30 0.49
2016-06-30 0.19
2016-03-31 -0.05
2015-12-31 0.19

*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 Urbana will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Urbana'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Urbana 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.

UBAA.F Past Performance

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

OTCPK:UBAA.F 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 -6.18 -11.30 6.11
2018-06-30 4.46 -2.00 6.09
2018-03-31 10.01 3.42 6.04
2017-12-31 38.87 28.81 6.18
2017-09-30 64.85 51.53 6.37
2017-06-30 71.90 58.14 6.30
2017-03-31 89.60 73.40 6.23
2016-12-31 67.58 54.38 6.22
2016-09-30 34.49 25.94 5.64
2016-06-30 16.81 10.39 5.43
2016-03-31 -0.44 -2.86 5.40
2015-12-31 16.55 10.32 5.10
2015-09-30 13.28 16.24 4.51
2015-06-30 18.63 29.84 4.56
2015-03-31 17.50 25.90 4.19
2014-12-31 11.45 20.87 4.09
2014-09-30 3.42 17.47 5.06
2014-06-30 -0.17 17.80 5.28
2014-03-31 -10.00 38.35 5.09
2013-12-31 -19.83 58.90 4.90
2013-09-30 -22.30 56.37 4.06
2013-06-30 -24.70 53.84 3.45
2013-03-31 -17.63 30.57 3.51
2012-12-31 -10.55 7.30 3.56
2012-09-30 -6.40 -6.62 3.66
2012-06-30 -2.26 -20.54 3.76
2012-03-31 -3.13 -17.06 3.62

*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 Urbana has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Urbana has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Urbana 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 Urbana'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.
Urbana 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.

UBAA.F Health

 How is Urbana'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 Urbana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Urbana's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Urbana's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Urbana'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 0.1x 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 Urbana Company Filings, last reported 5 months ago.

OTCPK:UBAA.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 222.93 4.60 0.30
2018-06-30 228.35 7.40 1.21
2018-03-31 231.81 15.00 0.23
2017-12-31 251.29 0.50 0.46
2017-09-30 239.23 10.30 0.36
2017-06-30 235.66 0.00 1.42
2017-03-31 235.96 8.00 3.16
2016-12-31 236.68 11.80 0.39
2016-09-30 202.14 10.50 0.18
2016-06-30 191.73 4.70 0.22
2016-03-31 174.93 10.60 2.32
2015-12-31 186.04 5.50 0.35
2015-09-30 180.99 8.40 1.64
2015-06-30 189.10 2.50 0.29
2015-03-31 187.14 3.55 0.92
2014-12-31 187.14 3.55 0.92
2014-09-30
2014-06-30
2014-03-31 174.85 8.70 0.68
2013-12-31 174.85 8.70 0.68
2013-09-30 183.01 8.70 2.72
2013-06-30 173.55 2.70 2.10
2013-03-31 173.55 2.70 2.10
2012-12-31 138.69 0.00 6.00
2012-09-30 138.69 0.00 6.00
2012-06-30 126.53 14.50 2.04
2012-03-31 126.53 14.50 2.04
  • Urbana's level of debt (2.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.8% vs 2.1% today).
  • Debt is well covered by operating cash flow (231.3%, greater than 20% of total debt).
  • Urbana is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Urbana'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. Urbana has a total score of 3/6, 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.

UBAA.F Dividends

 What is Urbana'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
2.98%
Current annual income from Urbana dividends.
If you bought $2,000 of Urbana shares you are expected to receive $60 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?
  • Urbana's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Urbana's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
OTCPK:UBAA.F 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
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:UBAA.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-01-08 0.070 2.916
2018-01-10 0.100 3.507
2017-01-04 0.050 1.500
2016-01-18 0.050 2.270
2015-01-08 0.050 2.410
2014-02-14 0.050 2.648

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

  • Urbana has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Urbana only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Urbana's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Urbana'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 Urbana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Urbana has a total score of 1/6, see the detailed checks below.


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

UBAA.F Management

 What is the CEO of Urbana'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
Thomas Caldwell
COMPENSATION CA$0
CEO Bio

Mr. Thomas Scott Caldwell, C.M., is the Founder of Caldwell Investment Management Ltd and serves as its Chairman, Chief Compliance Officer and Portfolio Manager. Mr. Caldwell is the Founder of frontierAlt 2008 Precious Metals & Energy Flow-Through Limited Partnership and FrontierAlt 2007 Energy & Precious Metals Flow Through LP and serves as Chairman, Chief Compliance Officer and Portfolio Manager. He is founder of Caldwell Financial Ltd. He serves as the Chairman and Chief Executive Officer at Caldwell Asset Management Inc. Mr. Caldwell serves as the Chief Executive Officer and President at Urbana Corp. and has been its Director since 1980. He serves as a Senior Board Adviser to EM Hallowell LLC. Mr. Caldwell also serves on the Board of the Conference of Defense Associations Institute in Ottawa. He served as Portfolio Manager of Members Mutual Fund. Mr. Caldwell served as Governor of the Toronto Stock Exchange and one of the leading experts in capital markets, particularly in trading environments. He is recognized as one of the world’s foremost investors in securities exchanges.and is on the Board of Associates of the Whitehead Institute for Biomedical Research at MIT. He serves as the Chairman of Caldwell Securities Ltd., which he founded in 1980. Mr. Caldwell serves as a Director of Radar Capital Inc., frontierAlt 2008 Precious Metals & Energy Flow-Through Limited Partnership and FrontierAlt 2007 Energy & Precious Metals Flow Through LP. He serves as Chairman of Caldwell Financial Ltd. Mr. Caldwell serves as the Chairman of CNSX Markets Inc and has been its Director since December 17, 2012. He served as Chairman of Members Mutual Fund. He was awarded Her Majesty’s Golden Jubilee Medal in 2002 for his activities on behalf of Canadian Veterans. He serves as Member of Advisory Board at Sci Ventures. Mr. Caldwell served as a Director of Investment Industry Regulatory Organization of Canada (IIROC). In 2003 he was appointed a Member of the Order of Canada. In 2012, Mr. Caldwell received his Majesty's Diamond Jubilee for his efforts on behalf of the disadvantaged. He is experienced in capital markets, particularly in trading environments. Mr. Caldwell graduated from McGill University in 1965 with an Honors Degree in Economics.

CEO Compensation
  • Insufficient data for Thomas to compare compensation growth.
  • Thomas's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Thomas Caldwell

TITLE
Chief Executive Officer

Sylvia Stinson

TITLE
Chief Financial Officer

Harry Liu

TITLE
General Counsel and Corporate Secretary

Brendan Thomas Caldwell

TITLE
Member of Investment Team of Caldwell Investment Management Ltd

John Freeman

TITLE
Member of Investment Team of Caldwell Investment Management Ltd

Charles Hughson

TITLE
Strategic Advisor
Board of Directors Tenure

Average tenure of the Urbana board of directors in years:

12.3
Average Tenure
  • The average tenure for the Urbana board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Thomas Caldwell

TITLE
Chief Executive Officer
TENURE
39.2 yrs

Michael Gundy

TITLE
Director
COMPENSATION
CA$20K
TENURE
35.2 yrs

Beth Colle

TITLE
Director
COMPENSATION
CA$20K
TENURE
12.3 yrs

George W. Elliott

TITLE
Director
COMPENSATION
CA$115K
AGE
75
TENURE
8.2 yrs

Charles Pennock

TITLE
Director
COMPENSATION
CA$47K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Aug 18 Buy Bethann Colle Individual 14. Aug 18 14. Aug 18 700 $2.05 $1,437
X
Management checks
We assess Urbana'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. Urbana 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.

UBAA.F News

Simply Wall St News

UBAA.F Company Info

Description

Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. For its equity investment the fund primarily invests in public equity markets of United States and Canada. The fund primarily focuses on U.S. financial companies and Canadian resource companies for equity investments. The fund also focuses on private equity investments. It was formerly known as Macho River Gold Mines Limited. Urbana Corporation is domiciled in Canada.

Details
Name: Urbana Corporation
UBAA.F
Exchange: OTCPK
Founded:
CA$85,441,875
50,000,000
Website: http://www.urbanacorp.com
Address: Urbana Corporation
150 King Street West,
Suite 1702,
Toronto,
Ontario, M5H 1J9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX URB Common Shares The Toronto Stock Exchange CA CAD 05. Apr 1989
OTCPK URNA.F Common Shares Pink Sheets LLC US USD 05. Apr 1989
TSX URB.A Non-Voting Class A Shares The Toronto Stock Exchange CA CAD 11. Jan 2007
OTCPK UBAA.F Non-Voting Class A Shares Pink Sheets LLC US USD 11. Jan 2007
Number of employees
Current staff
Staff numbers
1
Urbana employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:32
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2018/11/12
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.