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Gunpowder Capital

CNSX:GPC
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Gunpowder Capital Corp. provides merchant bank and advisory services in Canada. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Gunpowder Capital has significant price volatility in the past 3 months.
GPC Share Price and Events
7 Day Returns
-25%
CNSX:GPC
0.4%
CA Capital Markets
0.7%
CA Market
1 Year Returns
-25%
CNSX:GPC
11.6%
CA Capital Markets
-0.5%
CA Market
GPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gunpowder Capital (GPC) -25% -14.3% -40% -25% -70% -
CA Capital Markets 0.4% 6% 8.4% 11.6% 27.3% -3.5%
CA Market 0.7% 2.1% 1.2% -0.5% 8% 0.7%
1 Year Return vs Industry and Market
  • GPC underperformed the Capital Markets industry which returned 11.6% over the past year.
  • GPC underperformed the Market in Canada which returned -0.5% over the past year.
Price Volatility
GPC
Industry
5yr Volatility vs Market

GPC Value

 Is Gunpowder Capital 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gunpowder Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gunpowder Capital.

CNSX:GPC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$0.00 * -36.8%
CA$0.00
Book Value of Equity per Share Median Book Value from the past 5 years. CA$0.00
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:GPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.698 (1 + (1- 26.5%) (41.16%))
0.939
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.939 * 5.96%)
7.54%

Discounted Cash Flow Calculation for CNSX:GPC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Gunpowder Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CNSX:GPC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (-36.8% – 7.54%) * CA$0.00)
CA$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.00 / (7.54% - 1.95%)
CA$0.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$0.00 + CA$0.03
CA$0.02
CNSX:GPC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.02
Current discount Discount to share price of CA$0.03
= -1 x (CA$0.03 - CA$0.02) / CA$0.02
-34.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gunpowder Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Gunpowder Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gunpowder Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:GPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.05
CNSX:GPC Share Price ** CNSX (2019-09-10) in CAD CA$0.03
Canada Capital Markets Industry PE Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 10.59x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.18x

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

** Primary Listing of Gunpowder Capital.

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

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

= 0.03 ÷ -0.05

-0.56x

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

  • Gunpowder Capital is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Gunpowder Capital is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Gunpowder Capital's expected growth come at a high price?
Raw Data
CNSX:GPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.56x
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 41 Publicly-Listed Capital Markets Companies 1.96x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 0.93x

*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 Gunpowder Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gunpowder Capital's assets?
Raw Data
CNSX:GPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.00
CNSX:GPC Share Price * CNSX (2019-09-10) in CAD CA$0.03
Canada Capital Markets Industry PB Ratio Median Figure of 166 Publicly-Listed Capital Markets Companies 1.03x
Canada Market PB Ratio Median Figure of 2,453 Publicly-Listed Companies 1.45x
CNSX:GPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.00

-19.06x

* Primary Listing of Gunpowder Capital.

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

  • Gunpowder Capital has negative assets, we can't compare the value of its assets to the CA Capital Markets industry average.
X
Value checks
We assess Gunpowder Capital'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. Gunpowder Capital 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.

GPC Future Performance

 How is Gunpowder Capital 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 Gunpowder Capital 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
7.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gunpowder Capital expected to grow at an attractive rate?
  • Unable to compare Gunpowder Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gunpowder Capital's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Gunpowder Capital's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:GPC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.3%
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:GPC 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:GPC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 1 -1 -3
2019-03-31 1 -1 -3
2018-12-31 1 -1 -3
2018-09-30 1 -1 -1
2018-06-30 1 -1 -1
2018-03-31 1 0 -1
2017-12-31 1 0 -1
2017-09-30 1 0 0
2017-06-30 0 0 -1
2017-03-31 0 0 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gunpowder Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Gunpowder Capital 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:GPC 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 Gunpowder Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:GPC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.05
2019-03-31 -0.06
2018-12-31 -0.08
2018-09-30 -0.05
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.04
2017-03-31 -0.06
2016-12-31 -0.06
2016-09-30 -0.12

*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 Gunpowder Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Gunpowder Capital'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
  2. Gunpowder Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gunpowder Capital'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.
Gunpowder Capital 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.

GPC Past Performance

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

CNSX:GPC 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 0.54 -3.42 1.49
2019-03-31 0.70 -2.85 1.38
2018-12-31 0.75 -2.81 1.42
2018-09-30 0.75 -1.46 1.19
2018-06-30 1.27 -0.66 1.17
2018-03-31 1.18 -0.74 1.21
2017-12-31 0.98 -0.71 1.03
2017-09-30 1.12 -0.44 1.08
2017-06-30 0.48 -1.19 0.96
2017-03-31 0.25 -1.40 1.02
2016-12-31 0.16 -1.39 0.94
2016-09-30 0.08 -2.64 0.83
2016-06-30 0.03 -2.01 0.73
2016-03-31 0.01 -1.63 0.33
2015-12-31 -1.53 0.21
2015-09-30 -0.09 0.07
2015-06-30 -0.11 0.02
2015-03-31 -0.09 0.01
2014-12-31 -0.07 0.01
2014-09-30 -1.61 0.01
2014-06-30 -1.64 0.03
2014-03-31 -1.65 0.04
2013-12-31 -1.67 0.05
2013-09-30 -0.14 0.07
2013-06-30 -0.16 0.09
2013-03-31 -0.17 0.09
2012-12-31 -0.19 0.12
2012-09-30 -1.35 0.24

*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 Gunpowder Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gunpowder Capital 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 Gunpowder Capital 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 Gunpowder Capital'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.
Gunpowder Capital 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.

GPC Health

 How is Gunpowder Capital'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 Gunpowder Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gunpowder Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gunpowder Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gunpowder Capital'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
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 Gunpowder Capital Company Filings, last reported 2 months ago.

CNSX:GPC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4.46 2.01 0.73
2019-03-31 4.57 3.00 0.59
2018-12-31 3.50 3.10 0.98
2018-09-30 3.51 4.22 0.47
2018-06-30 4.68 3.33 1.14
2018-03-31 4.65 3.13 0.24
2017-12-31 4.90 2.08 0.99
2017-09-30 5.42 1.49 2.12
2017-06-30 3.80 1.22 1.11
2017-03-31 3.35 0.97 1.00
2016-12-31 2.16 0.43 0.13
2016-09-30 0.99 0.28 0.40
2016-06-30 1.45 0.28 0.48
2016-03-31 0.62 0.14 0.11
2015-12-31 0.64 0.00 0.17
2015-09-30 1.68 0.30 0.38
2015-06-30 1.16 0.08 0.04
2015-03-31 1.18 0.13
2014-12-31 1.23 0.03
2014-09-30 1.25 0.00
2014-06-30 1.26 0.00
2014-03-31 1.28 0.00
2013-12-31 1.30 0.07
2013-09-30 2.86 0.00 0.00
2013-06-30 2.90 0.00 0.00
2013-03-31 2.82 0.00 0.00
2012-12-31 2.86 0.06 0.00
2012-09-30 2.89 0.00 0.01
  • Gunpowder Capital's level of debt (45%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 45% today).
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.

  • Gunpowder Capital has less than a year of cash runway based on current free cash flow.
  • Gunpowder Capital has less than a year of cash runway if free cash flow continues to grow at historical rates of 46.5% each year.
X
Financial health checks
We assess Gunpowder Capital'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. Gunpowder Capital has a total score of 1/6, 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.

GPC Dividends

 What is Gunpowder Capital'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 Gunpowder Capital dividends.
If you bought CA$2,000 of Gunpowder Capital 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 Gunpowder Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gunpowder Capital'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:GPC 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 4.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.6%
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 Gunpowder Capital has not reported any payouts.
  • Unable to verify if Gunpowder Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gunpowder Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gunpowder Capital 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 Gunpowder Capital'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 Gunpowder Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gunpowder Capital 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.

GPC Management

 What is the CEO of Gunpowder Capital'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
Ben Gelfand
TENURE AS CEO 0 years
CEO Bio

Mr. Ben Gelfand serves as Managing Director of Investment Banking at Trapeze Capital. Mr. Gelfand serves as the Chief Executive Officer at Gunpowder Capital Corp. since September 04, 2019. Mr. Gelfand began his career with Fidelity Investments in October of 1987 and since has worked for Merrill Lynch and TD Waterhouse among others in sales, investment management, trading, private equity and investment banking roles. Ben has earned a Bachelor's degree in Political Science from Ohio University. Mr. Gelfand has been a Director of Meryllion Resources Corporation since February 26, 2016 and Gunpowder Capital Corp. since May 27, 2019.

CEO Compensation
  • Insufficient data for Ben to compare compensation growth.
  • Insufficient data for Ben to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Gunpowder Capital management team in years:

3.8
Average Tenure
49
Average Age
  • The tenure for the Gunpowder Capital management team is about average.
Management Team

Paul Haber

TITLE
Chief Financial Officer
COMPENSATION
CA$142K
AGE
49
TENURE
3.8 yrs

Frank Kordy

TITLE
Secretary & Director
COMPENSATION
CA$70K
AGE
43

Ben Gelfand

TITLE
CEO & Director

Don Shaxon

TITLE
Head of Corporate Development
TENURE
6.4 yrs

Anthony Pearlman

TITLE
President & COO of MethodeVerte Inc
AGE
57
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Gunpowder Capital board of directors in years:

5.1
Average Tenure
  • The tenure for the Gunpowder Capital board of directors is about average.
Board of Directors

Frank Kordy

TITLE
Secretary & Director
COMPENSATION
CA$70K
AGE
43
TENURE
5.8 yrs

Ben Gelfand

TITLE
CEO & Director
TENURE
0.3 yrs

Steve Mlot

TITLE
Non-Executive Director
AGE
63
TENURE
5.7 yrs

Dan Collia

TITLE
Director
TENURE
4.5 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$) Value (CA$)
25. Jun 19 Buy Frank Kordy Individual 11. Jun 19 11. Jun 19 972,222 CA$0.05 CA$48,611
X
Management checks
We assess Gunpowder Capital'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. Gunpowder Capital 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.

GPC News

Simply Wall St News

Gunpowder Capital (CNSX:GPC) Seems To Be Really Weighed Down By Its Debt

CNSX:GPC Historical Debt, June 25th 2019 A Look At Gunpowder Capital's Liabilities The latest balance sheet data shows that Gunpowder Capital had liabilities of CA$1.05m due within a year, and liabilities of CA$2.25m falling due after that. … Because it carries more debt than cash, we think it's worth watching Gunpowder Capital's balance sheet over time. … When we look at that and recall the liabilities on its balance sheet, relative to cash, it seems unwise to us for the company to have any debt.

Simply Wall St -

Gunpowder Capital (CNSX:GPC) Has Us Worried With Its Last Reported Debt Levels

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. … CNSX:GPC Historical Debt, June 25th 2019 A Look At Gunpowder Capital's Liabilities The latest balance sheet data shows that Gunpowder Capital had liabilities of CA$1.05m due within a year, and liabilities of CA$2.25m falling due after that. … Since Gunpowder Capital does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Does Gunpowder Capital Corp's (CNSX:GPC) CEO Pay Compare Well With Peers?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … Kordy’s pay and compare this to the company’s performance over the same period, as well as measure it against other

Simply Wall St -

GPC Company Info

Description

Gunpowder Capital Corp. provides merchant bank and advisory services in Canada. It operates through Merchant Banking, Real Estate, Consulting and Advisory, and Corporate segments. The company offers financial capital options, including mezzanine debt, bridge loans, convertible debentures, and straight loans, as well as equity financing services; and capital markets advisory services related to mergers and acquisitions. It also acquires and rents real estate properties and storage facilities. The company was formerly known as Silver Shield Resources Corp. and changed its name to Gunpowder Capital Corp. in May 2016. Gunpowder Capital Corp. is based in Toronto, Canada.

Details
Name: Gunpowder Capital Corp.
GPC
Exchange: CNSX
Founded:
CA$4,880,723
162,690,770
Website: http://www.gunpowdercapitalcorp.com
Address: Gunpowder Capital Corp.
8 King Street East,
Suite 1005,
Toronto,
Ontario, M5C 1B5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX GPC Common Shares Canadian National Stock Exchange CA CAD 21. Dec 2007
OTCPK GNPW.F Common Shares Pink Sheets LLC US USD 21. Dec 2007
DB YS6N Common Shares Deutsche Boerse AG DE EUR 21. Dec 2007
CNSX GPC.PR.A PRF SERIES A Canadian National Stock Exchange CA CAD 12. Sep 2016
Number of employees
Current staff
Staff numbers
0
Gunpowder Capital employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 00:58
End of day share price update: 2019/09/10 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.