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Gravitas Financial

CNSX:GFI
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFI
CNSX
CA$726K
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Gravitas Financial Inc., through its subsidiaries, provides integrated financial and advisory services in financial and capital markets in Canada. The last earnings update was 22 days ago. More info.


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GFI Share Price and Events
7 Day Returns
0%
CNSX:GFI
-0.7%
CA Capital Markets
1.2%
CA Market
1 Year Returns
-
CNSX:GFI
10.6%
CA Capital Markets
-0.4%
CA Market
GFI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gravitas Financial (GFI) 0% - - - -83.3% -
CA Capital Markets -0.7% 3.6% 6.6% 10.6% 24.2% -1.6%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • No trading data on GFI.
  • No trading data on GFI.
Price Volatility
GFI
Industry
5yr Volatility vs Market

GFI Value

 Is Gravitas Financial 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.

In this section, we usually try to help investors determine whether Gravitas Financial is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Gravitas Financial has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Gravitas Financial. This is due to cash flow or dividend data being unavailable. The share price is CA$0.01.
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 Gravitas Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gravitas Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:GFI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.24
CNSX:GFI Share Price ** CNSX (2019-09-18) in CAD CA$0.01
Canada Capital Markets Industry PE Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 10.95x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

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

** Primary Listing of Gravitas Financial.

CNSX:GFI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:GFI Share Price ÷ EPS (both in CAD)

= 0.01 ÷ -0.24

-0.04x

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

  • Gravitas Financial is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Gravitas Financial is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Gravitas Financial's expected growth come at a high price?
Raw Data
CNSX:GFI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 2.03x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*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 Gravitas Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gravitas Financial's assets?
Raw Data
CNSX:GFI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$-1.46
CNSX:GFI Share Price * CNSX (2019-09-18) in CAD CA$0.01
Canada Capital Markets Industry PB Ratio Median Figure of 166 Publicly-Listed Capital Markets Companies 1.04x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:GFI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:GFI Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ -1.46

-0.01x

* Primary Listing of Gravitas Financial.

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

  • Gravitas Financial has negative assets, we can't compare the value of its assets to the CA Capital Markets industry average.

Next steps:

  1. Take a look at our analysis of GFI’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.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Gravitas Financial's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Capital Markets industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Gravitas Financial'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. Gravitas Financial has a total score of 0/6, 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.

GFI Future Performance

 How is Gravitas Financial 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 Gravitas Financial 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
7.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gravitas Financial expected to grow at an attractive rate?
  • Unable to compare Gravitas Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gravitas Financial's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Gravitas Financial's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:GFI Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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
CNSX:GFI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
CNSX:GFI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 1 -12 -17
2019-03-31 3 -15 2
2018-12-31 11 -17 0
2018-09-30 21 -9 -15
2018-06-30 17 -17 -10
2018-03-31 16 -16 -27
2017-12-31 11 -17 -25
2017-09-30 10 -16 -11
2017-06-30 7 -13 -15
2017-03-31 3 -12 -13
2016-12-31 -1 -12 -13
2016-09-30 -4 -12 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gravitas Financial is high growth as no earnings estimate data is available.
  • Unable to determine if Gravitas Financial 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
CNSX:GFI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gravitas Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:GFI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.24
2019-03-31 0.03
2018-12-31 0.00
2018-09-30 -0.20
2018-06-30 -0.14
2018-03-31 -0.37
2017-12-31 -0.34
2017-09-30 -0.16
2017-06-30 -0.20
2017-03-31 -0.19
2016-12-31 -0.19
2016-09-30 -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 Gravitas Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GFI’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.
  2. Gravitas Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Gravitas Financial's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gravitas Financial'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Gravitas Financial 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.

GFI Past Performance

  How has Gravitas Financial 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 Gravitas Financial'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.
  • Gravitas Financial does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Gravitas Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gravitas Financial's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Gravitas Financial'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 Gravitas Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:GFI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1.16 -17.22 24.68
2019-03-31 3.41 2.43 23.69
2018-12-31 10.82 0.28 30.19
2018-09-30 21.19 -14.81 34.16
2018-06-30 16.97 -9.98 32.14
2018-03-31 16.43 -26.63 31.62
2017-12-31 10.96 -24.72 26.59
2017-09-30 10.05 -11.29 23.37
2017-06-30 6.70 -14.70 20.77
2017-03-31 2.87 -13.29 16.25
2016-12-31 -1.06 -13.18 11.23
2016-09-30 -3.57 -13.15 7.72
2016-06-30 -4.61 -13.53 7.23
2016-03-31 -5.99 -14.12 7.27
2015-12-31 -5.86 -10.85 7.15
2015-09-30 -3.87 -56.75 7.49
2015-06-30 -1.97 -55.65 6.75
2015-03-31 0.41 -54.05 5.95
2014-12-31 2.10 -52.89 5.37
2014-09-30 2.11 -0.10 2.96
2014-06-30 2.00 0.70 2.69
2014-03-31 1.77 -1.11 3.65
2013-12-31 1.28 -0.94 2.86
2013-09-30 1.03 -3.47 3.13
2013-06-30 1.14 -2.81 2.71
2013-03-31 1.16 0.22 0.95
2012-12-31 1.16 0.23 0.97

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

GFI Health

 How is Gravitas Financial'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 Gravitas Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gravitas Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Gravitas Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gravitas Financial'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.
  • Gravitas Financial has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Gravitas Financial Company Filings, last reported 2 months ago.

CNSX:GFI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -87.68 99.27 2.96
2019-03-31 -79.12 100.51 4.83
2018-12-31 -74.64 99.36 3.63
2018-09-30 -59.53 99.41 7.13
2018-06-30 -55.63 97.18 7.79
2018-03-31 -101.20 144.74 10.96
2017-12-31 -99.26 143.94 9.87
2017-09-30 -86.09 142.08 9.88
2017-06-30 -85.76 144.83 14.67
2017-03-31 -80.47 144.83 24.20
2016-12-31 -74.36 144.58 26.97
2016-09-30 -70.92 145.32 25.54
2016-06-30 -68.06 143.88 27.71
2016-03-31 -66.13 143.63 29.35
2015-12-31 -59.23 140.35 34.43
2015-09-30 -62.83 147.56 25.21
2015-06-30 -61.61 142.65 28.65
2015-03-31 -58.53 132.83 28.30
2014-12-31 -50.83 129.31 20.11
2014-09-30 -2.27 53.02 19.98
2014-06-30 -1.18 53.03 20.95
2014-03-31 -1.03 53.04 17.46
2013-12-31 0.35 53.07 26.22
2013-09-30 -2.36 54.17 46.97
2013-06-30 -1.85 54.67 52.65
2013-03-31 0.25 0.11
2012-12-31 0.28 0.26
  • Gravitas Financial has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Gravitas Financial's debt level has increased considering it has negative shareholder equity.
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.

  • Gravitas Financial has less than a year of cash runway based on current free cash flow.
  • Gravitas Financial has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.9% each year.
X
Financial health checks
We assess Gravitas Financial'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. Gravitas Financial has a total score of 0/6, 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.

GFI Dividends

 What is Gravitas Financial'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
0%
Current annual income from Gravitas Financial dividends.
If you bought CA$2,000 of Gravitas Financial shares you are expected to receive CA$0 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?
  • Unable to evaluate Gravitas Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gravitas Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
CNSX:GFI 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
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Gravitas Financial has not reported any payouts.
  • Unable to verify if Gravitas Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gravitas Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gravitas Financial has not reported any payouts.
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 Gravitas Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Gravitas Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gravitas Financial has a total score of 0/6, see the detailed checks below.


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

GFI Management

 What is the CEO of Gravitas Financial'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
Vikas Ranjan
COMPENSATION CA$324,000
AGE 47
TENURE AS CEO 4.3 years
CEO Bio

Mr. Vikas Ranjan serves as an Independent Director at MLI Marble Lending Inc. since January 15, 2018. He has been a Director of Carl Data Solutions Inc. since August 2019. He has been President, Chief Executive Officer and Director of Prime City One Capital Corp. since March 2019. He serves as Member of Advisory Board at Fandom Sports Media Corp. He is Entrepreneurial Finance Professional. Mr. Ranjan has been Member of Board of Advisors at Sudal Industries Ltd since April 2018. He has been the President of Gravitas Financial Inc. since June 25, 2015 and is its Co-founder. Mr. Ranjan helps to make strategic investments in quality wealth management, financial technology and mining companies. Mr. Ranjan served as Co-Founder and Principal at Ubika Research and smallcappower.com. He served as an Executive Vice President at Gravitas Financial Inc. until June 25, 2015. Mr. Ranjan served as an Executive Vice President at SearchGold Resources Inc. His experience includes management positions with TAL Global Asset Management and Bank of Montreal. He co-founded P2P Systems Inc. Mr. Ranjan is a management and investment professional with experience in diverse areas of investment management, finance, capital markets, entrepreneurship and investment research and has a strong knowledge of financial markets and has researched and analyzed companies in diverse industry sectors and markets. His previous experience includes management positions in a Canadian chartered bank. Mr. Ranjan has been a Director of Gravitas Financial Inc. since June 2013. He has been a Director of Must Capital Inc. since January 24, 2018. He served as a director of Homeland Energy Group Ltd. since September 24, 2015 until April 29, 2016. He has been Director of Mint Corporation since December 19, 2017. He holds a Master of Business Administration degree in Finance from McGill University, along with a Master of Management Studies and a Bachelor of Arts Honors degree in Economics from University of Mumbai.

CEO Compensation
  • Vikas's compensation has increased whilst company is loss making.
  • Vikas's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Gravitas Financial management team in years:

2.2
Average Tenure
  • The tenure for the Gravitas Financial management team is about average.
Management Team

Vikas Ranjan

TITLE
Founder
COMPENSATION
CA$324K
AGE
47
TENURE
4.3 yrs

Vishy Karamadam

TITLE
Co-Founder
COMPENSATION
CA$324K
AGE
47

Rebecca Ong

TITLE
Chief Financial Officer
TENURE
0.6 yrs

Julian Chamberlain

TITLE
General Counsel
TENURE
3.3 yrs

Brent Somerville

TITLE
Senior Vice President of Corporate Development
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Gravitas Financial board of directors in years:

0.6
Average Tenure
47
Average Age
  • The average tenure for the Gravitas Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vikas Ranjan

TITLE
Founder
COMPENSATION
CA$324K
AGE
47
TENURE
6.3 yrs

Vishy Karamadam

TITLE
Co-Founder
COMPENSATION
CA$324K
AGE
47
TENURE
6.3 yrs

Winfield Ding

TITLE
Independent Director
AGE
51
TENURE
0.4 yrs

Lawrence Xing

TITLE
Director
TENURE
0.6 yrs

Brent Houlden

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Gravitas Financial'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. Gravitas Financial 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.

GFI News

Simply Wall St News

Does Gravitas Financial Inc's (CNSX:GFI) CEO Pay Compare Well With Peers?

David Carbonaro is the CEO of Gravitas Financial Inc (CNSX:GFI), which has recently grown to a market capitalization of CA$3.99m. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … View out our latest analysis for Gravitas Financial

Simply Wall St -

GFI Company Info

Description

Gravitas Financial Inc., through its subsidiaries, provides integrated financial and advisory services in financial and capital markets in Canada. The company operates through Financial Services and Portfolio Investments segment. It provides capital markets, portfolio management, corporate, investor exposure, investment research, media, and corporate secretarial services to its clients. Gravitas Financial Inc. is based in Toronto, Canada.

Details
Name: Gravitas Financial Inc.
GFI
Exchange: CNSX
Founded:
CA$726,013
72,601,305
Website: http://www.gravitasfinancial.com
Address: Gravitas Financial Inc.
Bay-Adelaide Centre,
Suite 1700,
Toronto,
Ontario, M5H 2R2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX GFI Common Shares Canadian National Stock Exchange CA CAD 27. Jun 2013
Number of employees
Current staff
Staff numbers
79
Gravitas Financial employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:06
End of day share price update: 2019/09/18 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.