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Cartier Iron

CNSX:CFE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

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

Cartier Iron Corporation, an exploration stage company, engages in the acquisition, exploration, and development of iron ore properties in Canada. The last earnings update was 24 days ago. More info.


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CFE Share Price and Events
7 Day Returns
0%
CNSX:CFE
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-11.1%
CNSX:CFE
22%
CA Metals and Mining
-0.1%
CA Market
CFE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cartier Iron (CFE) 0% -11.1% 6.7% -11.1% 77.8% -
CA Metals and Mining 3.4% 1.6% 9.1% 22% -11.7% 0.3%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • CFE underperformed the Metals and Mining industry which returned 22% over the past year.
  • CFE underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
CFE
Industry
5yr Volatility vs Market

CFE Value

 Is Cartier Iron 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
  • It is not possible to calculate the future cash flow value for Cartier Iron. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
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 Cartier Iron's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cartier Iron's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:CFE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.02
CNSX:CFE Share Price ** CNSX (2019-09-11) in CAD CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 14.39x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

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

** Primary Listing of Cartier Iron.

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

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

= 0.08 ÷ -0.02

-3.53x

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

  • Cartier Iron is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Cartier Iron is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Cartier Iron's expected growth come at a high price?
Raw Data
CNSX:CFE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 31 Publicly-Listed Metals and Mining Companies 1.06x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*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 Cartier Iron, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cartier Iron's assets?
Raw Data
CNSX:CFE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.02
CNSX:CFE Share Price * CNSX (2019-09-11) in CAD CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,098 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:CFE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.08 ÷ 0.02

4.82x

* Primary Listing of Cartier Iron.

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

  • Cartier Iron is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Cartier Iron'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Cartier Iron 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.

CFE Future Performance

 How is Cartier Iron 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 Cartier Iron 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
34.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cartier Iron expected to grow at an attractive rate?
  • Unable to compare Cartier Iron's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cartier Iron's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Cartier Iron's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:CFE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:CFE 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:CFE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -1
2019-03-31 0 -1
2018-12-31 0 -1
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 -1
2017-12-31 0 -1
2017-09-30 0 1
2017-06-30 0 1
2017-03-31 0 1
2016-12-31 0 1
2016-09-30 0 -4

*GAAP earnings excluding extraordinary items.

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

CNSX:CFE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 0.02
2017-06-30 0.02
2017-03-31 0.03
2016-12-31 0.02
2016-09-30 -0.13

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

Next steps:

  1. Take a look at our analysis of CFE’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. Cartier Iron'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 Materials companies here
  3. Cartier Iron'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 Cartier Iron'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.
Cartier Iron 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.

CFE Past Performance

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

CNSX:CFE 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 -1.27 0.56
2019-03-31 -0.63 0.58
2018-12-31 -0.65 0.61
2018-09-30 -0.26 1.12
2018-06-30 -0.28 1.14
2018-03-31 -0.91 1.16
2017-12-31 -0.81 1.14
2017-09-30 0.67 0.72
2017-06-30 0.66 0.66
2017-03-31 1.01 0.66
2016-12-31 0.80 0.75
2016-09-30 -4.24 1.43
2016-06-30 -4.41 2.00
2016-03-31 -5.08 1.97
2015-12-31 -4.83 1.92
2015-09-30 -0.96 1.13
2015-06-30 -0.69 0.49
2015-03-31 -0.23 0.36
2014-12-31 -0.25 0.21
2014-09-30 -0.13 0.11
2014-06-30 -0.11 0.07
2014-03-31 -0.17 0.08
2013-12-31 -0.30 0.11
2013-09-30 -0.37 0.19
2013-06-30 -0.41 0.23
2013-03-31 -0.44 0.27
2012-12-31 -0.35 0.29
2012-09-30 -0.32 0.26

*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 Cartier Iron has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cartier Iron has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cartier Iron 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 Cartier Iron'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 Metals and Mining 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.
Cartier Iron 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.

CFE Health

 How is Cartier Iron'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 Cartier Iron's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cartier Iron's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cartier Iron's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cartier Iron'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 covered by short term assets, assets are 6.6x 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 Cartier Iron Company Filings, last reported 2 months ago.

CNSX:CFE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1.09 0.08 0.49
2019-03-31 0.63 0.26 0.07
2018-12-31 0.75 0.20 0.05
2018-09-30 0.83 0.27 0.48
2018-06-30 0.27 0.22 0.05
2018-03-31 -0.20 0.09 0.17
2017-12-31 -0.06 0.09 0.51
2017-09-30 -0.73 0.44 0.02
2017-06-30 -0.57 0.35 0.04
2017-03-31 -0.38 0.35 0.14
2016-12-31 -0.34 0.35 0.14
2016-09-30 -1.52 1.34 0.10
2016-06-30 -1.35 1.36 0.03
2016-03-31 -1.52 1.33 0.07
2015-12-31 -1.27 1.32 0.20
2015-09-30 2.71 1.08 0.34
2015-06-30 2.84 1.07 0.76
2015-03-31 3.34 1.06 1.07
2014-12-31 3.34 1.06 0.97
2014-09-30 1.26 2.10 0.24
2014-06-30 1.28 2.10 0.09
2014-03-31 1.32 2.09 0.08
2013-12-31 1.34 1.91 0.18
2013-09-30 1.34 1.79 0.12
2013-06-30 1.38 0.73 0.04
2013-03-31 1.48 0.08 0.10
2012-12-31 1.63 0.00 0.90
2012-09-30 -0.91 0.21 0.52
  • Cartier Iron's level of debt (7.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (164.6% vs 7.3% 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.

  • Cartier Iron has less than a year of cash runway based on current free cash flow.
  • Cartier Iron has less than a year of cash runway if free cash flow continues to grow at historical rates of 45.7% each year.
X
Financial health checks
We assess Cartier Iron'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. Cartier Iron has a total score of 3/6, 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.

CFE Dividends

 What is Cartier Iron'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 Cartier Iron dividends.
If you bought CA$2,000 of Cartier Iron 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 Cartier Iron's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cartier Iron'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:CFE 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
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 Cartier Iron has not reported any payouts.
  • Unable to verify if Cartier Iron's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cartier Iron's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cartier Iron 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 Cartier Iron's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Cartier Iron afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cartier Iron 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.

CFE Management

 What is the CEO of Cartier Iron'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
Tom Larsen
COMPENSATION CA$129,000
AGE 64
TENURE AS CEO 5 years
CEO Bio

Mr. Thomas G. Larsen, also known as Tom, B.A., has been Chief Executive Officer of Cartier Iron Corporation since September 24, 2014. Mr. Larsen has been the Chief Executive Officer of Eloro Resources Ltd. since 1997 and has been its President since 1997. He served as an Advisor to Chief Executive Officer at Champion Iron Ltd. since September 1, 2014 until August 31, 2015. He served as Chief Executive Officer at Mamba Minerals Limited since January 4, 2014. Mr. Larsen has over 30 years of experience in the investment industry, specializing in corporate finance and management of junior mining companies, raising in excess of C$150 million in the public equity markets. He served as the President and Chief Executive Officer of Champion Iron Mines Limited since March 17, 2006 until August 29, 2014. He served as the Chief Executive Officer and President of NFX Gold Inc., and Wavex International Inc. He served as the Chief Executive Officer and President of Bear Lake Gold Ltd. Mr. Larsen served as the Chairman and President of Cartier Iron Corporation until June 5, 2012 and as its Director from 1992 to June 5, 2012. He served as Chief Executive Officer of Cartier Iron Corporation from 1997 to 2012. He served as the Chief Executive Officer and President of Northfield Metals Inc. until June 5, 2012. He serves as the Chairman of Eloro Resources Ltd. since 2002. He served as the Chairman of Champion Iron Mines Limited since March 17, 2006 and served as its Director from March 31, 2014 to August 29, 2014. He served as Non Independent Director of Champion Iron Limited since 2006. Mr. Larsen served as the Chairman of NFX Gold Inc., Wavex International Inc., Northfield Metals Inc. and Bear Lake Gold Ltd. He has been the Vice Chairman of Bear Lake Gold Ltd. since September 9, 2008. He served as a Vice Chairman of NFX Gold since September 11, 2008. He has been a Director of Cartier Iron Corporation since September 24, 2014. He has been a Director of Champion Minerals, Inc. since 2006 and Bear Lake Gold Ltd. since July 1996. Mr. Larsen has been a Director of Eloro Resources Ltd. since 2002. He serves as a Director of Wavex International Inc. He served as Director at Mamba Minerals Limited since January 4, 2014. He served as a Director of Northfield Metals Inc. from 1992 to June 5, 2012 and NFX Gold Inc. since 1996. He serves as Director at Stone Investment Group Ltd.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Cartier Iron management team in years:

22.7
Average Tenure
  • The average tenure for the Cartier Iron management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Larsen

TITLE
CEO & Director
COMPENSATION
CA$129K
AGE
64
TENURE
5 yrs

Miles Nagamatsu

TITLE
Chief Financial Officer
COMPENSATION
CA$95K
AGE
63
TENURE
22.7 yrs

Bill Pearson

TITLE
Chief Technical Advisor

Jorge Estepa

TITLE
VP & Corporate Secretary
TENURE
22.7 yrs
Board of Directors Tenure

Average tenure and age of the Cartier Iron board of directors in years:

4.9
Average Tenure
61.5
Average Age
  • The tenure for the Cartier Iron board of directors is about average.
Board of Directors

Tom Larsen

TITLE
CEO & Director
COMPENSATION
CA$129K
AGE
64
TENURE
5 yrs

Francis Sauve

TITLE
Independent Director
AGE
58
TENURE
5.3 yrs

Alex Horvath

TITLE
Director
COMPENSATION
CA$12K
AGE
59
TENURE
2 yrs

Michel Gagnon

TITLE
Independent Director
TENURE
4.9 yrs

Harry Burgess

TITLE
Independent Director
AGE
75
TENURE
4.3 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$) Value (CA$)
16. Aug 19 Buy Gambier Holdings Corp. Company 15. Aug 19 15. Aug 19 1,000 CA$0.05 CA$50
16. Jul 19 Buy Gambier Holdings Corp. Company 11. Jul 19 11. Jul 19 30,000 CA$0.05 CA$1,500
28. Jun 19 Buy Gambier Holdings Corp. Company 25. Jun 19 25. Jun 19 40,000 CA$0.07 CA$2,800
19. Jun 19 Buy Thomas Larsen Individual 10. Jun 19 10. Jun 19 100,000 CA$0.08 CA$8,000
14. May 19 Buy Gambier Holdings Corp. Company 14. May 19 14. May 19 24,000 CA$0.08 CA$1,800
25. Apr 19 Buy Heidi Pernfuss Individual 18. Apr 19 18. Apr 19 200,000 CA$0.09 CA$18,000
25. Apr 19 Buy 847785 Ontario Ltd Company 25. Apr 19 25. Apr 19 50,000 CA$0.09 CA$4,500
25. Apr 19 Buy Miles Nagamatsu Individual 25. Apr 19 25. Apr 19 50,000 CA$0.09 CA$4,500
27. Mar 19 Buy Gambier Holdings Corp. Company 22. Mar 19 26. Mar 19 4,000 CA$0.09 CA$360
21. Mar 19 Buy Gambier Holdings Corp. Company 18. Mar 19 18. Mar 19 31,000 CA$0.09 CA$2,790
03. Jan 19 Buy Gambier Holdings Corp. Company 31. Dec 18 02. Jan 19 25,000 CA$0.10 CA$2,493
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Management checks
We assess Cartier Iron'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. Cartier Iron 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.

CFE News

Simply Wall St News

The Cartier Iron (CNSX:CFE) Share Price Is Up 157% And Shareholders Are Boasting About It

View our latest analysis for Cartier Iron. … With zero revenue generated over twelve months, we don't think that Cartier Iron has proved its business plan yet. … Of course, if you time it right, high risk investments like this can really pay off, as Cartier Iron investors might know.

Simply Wall St -

Who Has Been Buying Cartier Iron Corporation (CNSX:CFE) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … The Last 12 Months Of Insider Transactions At Cartier Iron. … In total, Cartier Iron insiders bought more than they sold over the last year

Simply Wall St -

Breaking Down Cartier Iron Corporation's (CNSX:CFE) Ownership Structure

I am going to take a deep dive into Cartier Iron Corporation’s (CNSX:CFE) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … If an activist institution invests the same amount of capital in a stock as a passive long-term pension fund, the implications are potentially different for key corporate financing decisions such as the use of excess cash or the source of financing.

Simply Wall St -

CFE Company Info

Description

Cartier Iron Corporation, an exploration stage company, engages in the acquisition, exploration, and development of iron ore properties in Canada. The company holds a 100% interest in the Big Easy property that consists of 507 mining claims covering an area of 126.8 square kilometers located in Newfoundland and Labrador. It also owns a 55% interest in the Round Lake and Jeannine Lake properties consisting of 141 claims covering an area of approximately 74.68 square kilometers located in the Fermont iron ore district in the Labrador Trough in northeastern Quebec. The company was formerly known as Northfield Metals Inc. and changed its name to Cartier Iron Corporation in January 2013. Cartier Iron Corporation was incorporated in 1985 and is headquartered in Toronto, Canada.

Details
Name: Cartier Iron Corporation
CFE
Exchange: CNSX
Founded: 1985
CA$5,242,817
65,535,221
Website: http://www.cartieriron.com
Address: Cartier Iron Corporation
20 Adelaide Street East,
Suite 200,
Toronto,
Ontario, M5C 2T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX CFE Common Shares Canadian National Stock Exchange CA CAD 23. Oct 2015
OTCPK CRTI.F Common Shares Pink Sheets LLC US USD 23. Oct 2015
Number of employees
Current staff
Staff numbers
0
Cartier Iron employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:33
End of day share price update: 2019/09/11 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.