OTCPK:TSRM.F

Stock Analysis Report

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Executive Summary

Treasury Metals Inc. engages in the exploration and evaluation of mineral resources in Canada.


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has Treasury Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.0%

TSRM.F

0.3%

US Metals and Mining

2.9%

US Market


1 Year Return

29.4%

TSRM.F

9.4%

US Metals and Mining

9.5%

US Market

Return vs Industry: TSRM.F exceeded the US Metals and Mining industry which returned 9.4% over the past year.

Return vs Market: TSRM.F exceeded the US Market which returned 9.1% over the past year.


Shareholder returns

TSRM.FIndustryMarket
7 Day2.0%0.3%2.9%
30 Day19.0%5.3%5.1%
90 Day48.7%8.6%2.5%
1 Year29.4%29.4%12.1%9.4%12.0%9.5%
3 Year-54.4%-54.4%5.5%-1.3%30.8%22.1%
5 Year-24.5%-24.5%20.5%10.4%57.4%39.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Treasury Metals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TSRM.F ($0.23) is trading below our estimate of fair value ($12.84)

Significantly Below Fair Value: TSRM.F is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TSRM.F is good value based on its PB Ratio (0.7x) compared to the US Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Treasury Metals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

54.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TSRM.F's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if TSRM.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TSRM.F is forecast to have no revenue next year.

High Growth Revenue: TSRM.F is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TSRM.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Treasury Metals performed over the past 5 years?

-12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSRM.F is currently unprofitable.

Growing Profit Margin: TSRM.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TSRM.F is unprofitable, and losses have increased over the past 5 years at a rate of -12.8% per year.

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

Earnings vs Industry: TSRM.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: TSRM.F has a negative Return on Equity (-5.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is Treasury Metals's financial position?


Financial Position Analysis

Short Term Liabilities: TSRM.F's short term assets (CA$1.2M) do not cover its short term liabilities (CA$3.4M).

Long Term Liabilities: TSRM.F's short term assets (CA$1.2M) do not cover its long term liabilities (CA$8.5M).


Debt to Equity History and Analysis

Debt Level: TSRM.F's debt to equity ratio (8.3%) is considered satisfactory.

Reducing Debt: TSRM.F's debt to equity ratio has reduced from 9.1% to 8.3% 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: TSRM.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TSRM.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Treasury Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

Growing Dividend: Insufficient data to determine if TSRM.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 TSRM.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?

3.5yrs

Average management tenure


CEO

Greg Ferron

1.75yrs

Tenure

CA$220,566

Compensation

Mr. Greg Ferron, B.Com, serves as Chief Executive Officer at Treasury Metals Incorporated since August 14, 2019 and serves as its Director since August 2019. He was Vice President of Investor Relations at  ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD159.77K) is below average for companies of similar size in the US market ($USD589.04K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Greg Ferron
CEO & Director1.75yrsCA$220.57k0.39% CA$151.9k
Dennis Gibson
Chief Financial Officer9.83yrsCA$140.17k0.065% CA$25.7k
Robert MacDonald
Vice President of Operations1.75yrsCA$199.95kno data
John Chulick
Head of Explorationno datano datano data
Adam Larsen
Exploration Managerno datano datano data
Mark Wheeler
Director of Projects5.17yrsCA$200.56kno data
Wanda Cutler
Investor Relations Consultantno datano datano data

3.5yrs

Average Tenure

Experienced Management: TSRM.F's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Greg Ferron
CEO & Director1.75yrsCA$220.57k0.39% CA$151.9k
William Fisher
Independent Lead Director3.83yrsCA$51.00k0.31% CA$123.8k
Marc Henderson
Independent Chairman of the Boardno dataCA$81.00k3.29% CA$1.3m
Douglas Bache
Independent Director10.75yrsCA$55.00k0.36% CA$141.1k
Flora Wood
Independent Director6.33yrsCA$49.50k0.19% CA$74.7k
Christophe Vereecke
Independent Director4.42yrsCA$38.50k0.49% CA$194.7k

4.4yrs

Average Tenure

Experienced Board: TSRM.F's board of directors are considered experienced (4.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TSRM.F 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 16.9%.


Top Shareholders

Company Information

Treasury Metals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Treasury Metals Inc.
  • Ticker: TSRM.F
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$54.313m
  • Listing Market Cap: CA$39.342m
  • Shares outstanding: 169.73m
  • Website: https://www.treasurymetals.com

Number of Employees


Location

  • Treasury Metals Inc.
  • The Exchange Tower
  • Suite 3680
  • Toronto
  • Ontario
  • M5X 1B1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRCDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2008
TMLTSX (The Toronto Stock Exchange)YesCommon SharesCACADAug 2008
TSRM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2008

Biography

Treasury Metals Inc. engages in the exploration and evaluation of mineral resources in Canada. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship asset is the Goliath gold project comprising 126 contiguous unpatented mining claims and 23 patented land parcels, as well as 3 mining leases covering approximately 5,049 hectares located near the city of Dryden in northwestern Ontario. The company was formerly known as Divine Lake Exploration Inc. and changed its name to Treasury Metals Inc. in November 2007. Treasury Metals Inc. was incorporated in 1997 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 05:20
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.