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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Azimut Exploration. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Azimut Exploration's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Azimut Exploration 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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Azimut Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Azimut Exploration's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Azimut Exploration's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Azimut Exploration is high growth as no earnings estimate data is available.
Unable to determine if Azimut Exploration 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.
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 Azimut Exploration's filings and announcements here.
Azimut Exploration's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Azimut Exploration's finances.
The net worth of a company is the difference between its assets and liabilities.
Azimut Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Azimut Exploration's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Azimut Exploration'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Azimut Exploration has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Dr. Jean-Marc Lulin, Ph.D., P.Geo. has been the Chief Executive Officer and President of Azimut Exploration Inc. since June 5, 2003. Dr. Lulin developed and implemented a mineral potential targeting methodology that Azimut has successfully implemented throughout Quebec. He is a senior mining executive with more than 30 years of experience in North America, Africa and Europe. His expertise is well recognized in the field of project generation and mineral potential evaluation. He served as the President and Chief Operating Officer of Channel Resources Ltd. from 1996 to 2001 and also served as its Vice President for West Africa from 1995 to 1996. He has experience in Canadian mining industry and served as Chief Geologist from 1992 to 1995 at SOQUEM. He served as an Geologist at BRGM from 1981 to 1984. He served as the Chief Geologist of Vior-Mazarin Group from 1986 to 1992. He was a Consultant for The World Bank. He was the Co-Founder of the Burkinabe Mining Association and President of the Technical Commission of the World Bank-MIGA 6th African Mining Symposium. Dr. Lulin was involved in the discoveries of several important deposits, notably the Bombore, Bouroum and Goulagou gold deposits in Burkina Faso with Channel Resources. Dr. Lulin was instrumental in strengthening the initial wave of exploration in Burkina Faso since 1990. He served as the President for Quebec’s Mineral Exploration Association (AEMQ) from 2011 to 2012. He has been a Director of Channel Resources Ltd. since August 1996 and Executive Director of Azimut Exploration Inc. since June 5, 2003. He served as a Non-Executive Director of West African Resources, Ltd. since January 28, 2014 until August 31, 2015. Dr. Lulin was Associate Professor at the Université du Québec à Montréal from 1992 to 1995. Dr. Lulin holds a Doctorate in Economic Geology from Université d’Orléans in 1984, a Diploma of Advanced Studies in Mineral and Energy Resources in 1981 and a Master’s degree in Applied Geology in 1980 and studied Minerals Exploration from Université Pierre et Marie Curie, Paris VI. He holds a License in Earth Sciences in 1979 from the Université de Paris VI, France.
Jean-Marc's compensation has been consistent with company performance over the past year, both up more than 20%.
Jean-Marc's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure of the
management team in years:
The average tenure for the Azimut Exploration management team is over 5 years, this suggests they are a seasoned and experienced team.
CFO & Corporate Secretary
Chief Geologist Exploration
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Azimut Exploration board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Azimut Exploration Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements, as well as base metals. The company holds interests in the Kaanaayaa Property comprises 390 claims covering 200.5 square kilometers located in the James Bay region of Quebec. As of December 21, 2018, it holds interests in 29 exploration properties comprising 7,414 claims located in the Nunavik, Ungava Bay, and James Bay regions, Canada. The company has strategic alliance with Société Québécoise d'Exploration Minière to identify, acquire, and explore prospective gold targets; and SOQUEM Inc. Azimut Exploration Inc. is headquartered in Longueuil, Canada.
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