OTCPK:FTMR

Stock Analysis Report

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Executive Summary

Fortem Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-9.4%

FTMR

4.0%

US Oil and Gas

1.2%

US Market


1 Year Return

-56.9%

FTMR

-32.3%

US Oil and Gas

16.8%

US Market

Return vs Industry: FTMR underperformed the US Oil and Gas industry which returned -43% over the past year.

Return vs Market: FTMR underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

FTMRIndustryMarket
7 Day-9.4%4.0%1.2%
30 Day-22.6%6.9%4.9%
90 Day41.2%6.0%20.0%
1 Year-56.9%-56.9%-29.3%-32.3%19.3%16.8%
3 Year-74.7%-74.7%-28.8%-36.3%43.7%34.4%
5 Year260.0%260.0%-31.2%-42.1%75.5%56.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: FTMR is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: FTMR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTMR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FTMR is overvalued based on its PB Ratio (1.6x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

58.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fortem Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of FTMR’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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Fortem Resources's filings and announcementshere.
  • Explore growth companies in the Energy industry.

Past Performance

How has Fortem Resources performed over the past 5 years?

-48.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTMR is currently unprofitable.

Growing Profit Margin: FTMR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FTMR is unprofitable, and losses have increased over the past 5 years at a rate of 48.3% per year.

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

Earnings vs Industry: FTMR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-47.9%).


Return on Equity

High ROE: FTMR has a negative Return on Equity (-119.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fortem Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FTMR's short term assets ($75.1K) do not cover its short term liabilities ($4.1M).

Long Term Liabilities: FTMR's short term assets ($75.1K) do not cover its long term liabilities ($16.4M).


Debt to Equity History and Analysis

Debt Level: FTMR's debt to equity ratio (3.8%) is considered satisfactory.

Reducing Debt: FTMR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FTMR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FTMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FTMR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FTMR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FTMR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Marc Bruner (71 yo)

3.08yrs

Tenure

US$95,000

Compensation

Mr. Mark Alan Bruner has been Chairman, Chief Executive Officer and President of Fortem Resources Inc., since July 17, 2017. Mr. Bruner is a Co-Owner at Blue Phoenix Energy, LLC. He is the Founder of Galax ...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD95.00K) is below average for companies of similar size in the US market ($USD593.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marc Bruner
Chairman3.08yrsUS$95.00k30.59%
$ 27.0m
Robert DaCunha
Chief Financial Officer6.75yrsno data0.25%
$ 218.4k
Michael Caetano
COO, Treasurer7.08yrsUS$120.00k0.61%
$ 540.0k
Georg Magarian
Vice President of Exploration5.33yrsno datano data

4.2yrs

Average Tenure

47yo

Average Age

Experienced Management: FTMR's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marc Bruner
Chairman3.08yrsUS$95.00k30.59%
$ 27.0m
Michael Caetano
COO, Treasurer7.08yrsUS$120.00k0.61%
$ 540.0k
Konstantine J. Vatskalis
Independent Director2yrsno datano data
William Via
Independent Director2yrsno datano data
Brett Matich
Independent Director2yrsno datano data

2.0yrs

Average Tenure

63yo

Average Age

Experienced Board: FTMR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Fortem Resources Inc.
  • Ticker: FTMR
  • Exchange: OTCPK
  • Founded: 2004
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$88.251m
  • Shares outstanding: 122.57m
  • Website: https://www.fortemresources.com

Number of Employees


Location

  • Fortem Resources Inc.
  • 906 12th Avenue SW
  • Suite 820
  • Calgary
  • Alberta
  • T2R 1K7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTMROTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2007
FTMTSXV (TSX Venture Exchange)YesCommon SharesCAUSDSep 2007

Biography

Fortem Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States. It holds 100% interest in the Godin property covering an area of ap ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:57
End of Day Share Price2020/08/10 00:00
Earnings2020/05/31
Annual Earnings2020/02/29


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.