OTCPK:ADTF.F

Stock Analysis Report

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Executive Summary

iMetal Resources Inc. explores for and develops mineral properties in Canada.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

4.5%

ADTF.F

-0.8%

US Metals and Mining

2.0%

US Market


1 Year Return

-47.8%

ADTF.F

8.4%

US Metals and Mining

7.1%

US Market

Return vs Industry: ADTF.F underperformed the US Metals and Mining industry which returned 8.4% over the past year.

Return vs Market: ADTF.F underperformed the US Market which returned 7.1% over the past year.


Shareholder returns

ADTF.FIndustryMarket
7 Day4.5%-0.8%2.0%
30 Day29.8%3.8%6.0%
90 Day-58.1%7.6%-0.05%
1 Year-47.8%-47.8%11.0%8.4%9.5%7.1%
3 Yearn/a5.2%-1.6%30.7%22.1%
5 Yearn/a19.0%9.1%55.6%38.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ADTF.F is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price to Book Ratio

PB vs Industry: ADTF.F is overvalued based on its PB Ratio (1.3x) compared to the US Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

20.6%

Forecasted Materials 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 iMetal 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 ADTF.F’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 the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access iMetal Resources's filings and announcements here.
  • Explore growth companies in the Materials industry.

Past Performance

How has iMetal Resources performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADTF.F is currently unprofitable.

Growing Profit Margin: ADTF.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADTF.F is unprofitable, but has reduced losses over the past 5 years at a rate of 17.9% per year.

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

Earnings vs Industry: ADTF.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).


Return on Equity

High ROE: ADTF.F has a negative Return on Equity (-25.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is iMetal Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ADTF.F's short term assets (CA$73.4K) do not cover its short term liabilities (CA$175.4K).

Long Term Liabilities: ADTF.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ADTF.F's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: ADTF.F's debt to equity ratio has reduced from 8.4% to 0.3% over the past 5 years.


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: ADTF.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ADTF.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ADTF.F'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 ADTF.F'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?

4.3yrs

Average management tenure


CEO

Johan Stig Grandin

2yrs

Tenure

CA$180,000

Compensation

Mr. Johan Stig Hans Grandin has been Chief Executive Officer and President since May 7, 2018 and served as the Chairman at iMetal Resources Inc. (also known as Adroit Resources Inc.) since November 21, 201 ...


CEO Compensation Analysis

Compensation vs Market: Johan Stig's total compensation ($USD130.51K) is below average for companies of similar size in the US market ($USD589.04K).

Compensation vs Earnings: Johan Stig's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Johan Stig Grandin
President2yrsCA$180.00k3.37% CA$107.4k
Scott Davis
CFO & Director1.58yrsCA$90.00k1.8% CA$57.3k
Dave Gamble
Senior Consulting Geologist1.33yrsno datano data
Frances Murphy
Company Secretary16.33yrsno datano data

4.3yrs

Average Tenure

Experienced Management: ADTF.F's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Johan Stig Grandin
President2yrsCA$180.00k3.37% CA$107.4k
Scott Davis
CFO & Director1.58yrsCA$90.00k1.8% CA$57.3k
James Dawson
Member of Advisory Committee3.08yrsno datano data
Mark Fedikow
Independent Director7.5yrsCA$13.75k0.64% CA$20.3k
Satvir Dhillon
Independent Director1.42yrsCA$18.01kno data
Gary Grabowski
Member of Advisory Board1.92yrsno datano data
Ruth Bezys
Independent Director2yrsCA$3.70k0.068% CA$2.2k
Thomas O'connor
Member of Advisory Boardno datano datano data

2.0yrs

Average Tenure

67yo

Average Age

Experienced Board: ADTF.F'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: iMetal Resources Inc.
  • Ticker: ADTF.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.402m
  • Listing Market Cap: CA$3.191m
  • Shares outstanding: 146.72m
  • Website: https://www.imetalresources.ca

Location

  • iMetal Resources Inc.
  • 510 – 580 Hornby Street
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMRTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1989
A7V1DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1989
ADTF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1989

Biography

iMetal Resources Inc. explores for and develops mineral properties in Canada. The company explores for precious and base metal resources. It owns the Gowganda West Project covering an area of 145 squares kilometers situated in Ontario; various claims in the Temagami North Property situated in north-eastern Ontario; and Carheil property that covers an area of approximately 5,400 acres located in Quebec. iMetal Resources Inc. also has an option agreement to acquire interests in the Mosher Lake property located in Gowganda, Ontario; and Ghost Mountain Property located in Kirkland Lake, Ontario. The company was formerly known as Adroit Resources Inc. and changed its name to iMetal Resources Inc. in November 2015. iMetal Resources Inc. is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 06:27
End of Day Share Price2020/05/26 00:00
Earnings2020/02/29
Annual Earnings2019/05/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.