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Tocvan Ventures

CNSX:TOC
Snowflake Description

Flawless balance sheet with weak fundamentals.

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

Tocvan Ventures Corp., an early stage natural resource company, engages primarily in the acquisition, exploration, and development of mineral properties in Canada. The last earnings update was 305 days ago. More info.


Add to Portfolio Compare Print
  • Tocvan Ventures has significant price volatility in the past 3 months.
TOC Share Price and Events
7 Day Returns
46.7%
CNSX:TOC
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-
CNSX:TOC
22%
CA Metals and Mining
-0.1%
CA Market
TOC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tocvan Ventures (TOC) 46.7% 46.7% 37.5% - - -
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
  • No trading data on TOC.
  • No trading data on TOC.
Price Volatility
Industry
5yr Volatility vs Market

TOC Value

 Is Tocvan Ventures 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 Tocvan Ventures. This is due to cash flow or dividend data being unavailable. The share price is CA$0.11.
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 Tocvan Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tocvan Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:TOC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in CAD CA$-0.03
CNSX:TOC Share Price ** CNSX (2019-09-20) in CAD CA$0.11
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 Tocvan Ventures.

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

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

= 0.11 ÷ -0.03

-3.6x

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

  • Tocvan Ventures is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Tocvan Ventures is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Tocvan Ventures's expected growth come at a high price?
Raw Data
CNSX:TOC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.6x
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 Tocvan Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tocvan Ventures's assets?
Raw Data
CNSX:TOC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in CAD CA$0.01
CNSX:TOC Share Price * CNSX (2019-09-20) in CAD CA$0.11
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:TOC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.11 ÷ 0.01

9.15x

* Primary Listing of Tocvan Ventures.

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

  • Tocvan Ventures is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Tocvan Ventures'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. Tocvan Ventures 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.

TOC Future Performance

 How is Tocvan Ventures 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 Tocvan Ventures 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 Tocvan Ventures expected to grow at an attractive rate?
  • Unable to compare Tocvan Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tocvan Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Tocvan Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:TOC 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:TOC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:TOC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-08-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tocvan Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Tocvan Ventures 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:TOC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tocvan Ventures Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:TOC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-08-31 -0.03

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

Next steps:

  1. Examine Tocvan Ventures's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tocvan Ventures'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. Tocvan Ventures'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 Tocvan Ventures'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.
Tocvan Ventures 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.

TOC Past Performance

  How has Tocvan Ventures performed over the past 5 years?

  • Tocvan Ventures's last earnings update was 305 days ago.
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 Tocvan Ventures'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.
  • Tocvan Ventures does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Tocvan Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tocvan Ventures's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Tocvan Ventures'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 Tocvan Ventures Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:TOC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 -0.07 0.07

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

TOC Health

 How is Tocvan Ventures'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 Tocvan Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tocvan Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tocvan Ventures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tocvan Ventures'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.
  • Tocvan Ventures has no debt, it does not need to be 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 Tocvan Ventures Company Filings, last reported 1 year ago.

CNSX:TOC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 0.06 0.00 0.06
  • Tocvan Ventures has no debt.
  • Tocvan Ventures has not taken on any debt in the past 5 years.
  • Tocvan Ventures has no debt, it does not need to be covered by operating cash flow.
  • Tocvan Ventures has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tocvan Ventures'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. Tocvan Ventures has a total score of 6/6, 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.

TOC Dividends

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

TOC Management

 What is the CEO of Tocvan Ventures'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
Derek Wood
TENURE AS CEO 1.3 years
CEO Bio

Mr. Derek A. Wood serves as a President, Chief Executive Officer, Corporate Secretary and Director at Tocvan Ventures Corp. since May 23, 2018. Mr. Wood has worked in the Canadian securities industry for over two decades. He has held positions as Area Sales Manager with Royal Bank Wealth Management, as a licensed investment Representative with Royal Bank Action Direct, and Scotia Discount brokerages. Mr. Wood was a branch manager with a full service IRROC firm and has more than a decade of experience as a licensed full service Investment advisor at various IRROC firms. Mr. Wood has completed a variety of Canadian Securities Institute Courses Including: the Canadian Securities course, Options licensing course, Branch manager qualifying exam Professional Financial Planning Course and Wealth Management Techniques course. Mr. Wood founded Conduit Investor Relations Ltd, a privately held investor relations firm, in 2016. Mr. Wood is also currently employed with Robson Capital Partners Corporation as a Senior Private Wealth Specialist and V.P Corporate Finance.

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

Derek Wood

TITLE
President
TENURE
1.3 yrs

Greg Ball

TITLE
CFO & Director
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Tocvan Ventures board of directors in years:

1.3
Average Tenure
  • The average tenure for the Tocvan Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Derek Wood

TITLE
President
TENURE
1.3 yrs

Greg Ball

TITLE
CFO & Director
TENURE
1.3 yrs

Brodie Sutherland

TITLE
Director
AGE
33
TENURE
1.3 yrs

Mark Smethurst

TITLE
Director
AGE
50
TENURE
0.9 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$) Value (CA$)
18. Apr 19 Buy Derek Wood Individual 16. Apr 19 16. Apr 19 15,000 CA$0.10 CA$1,500
05. Mar 19 Buy Derek Wood Individual 01. Mar 19 01. Mar 19 20,000 CA$0.12 CA$2,300
X
Management checks
We assess Tocvan Ventures'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. Tocvan Ventures 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.

TOC News

Simply Wall St News

TOC Company Info

Description

Tocvan Ventures Corp., an early stage natural resource company, engages primarily in the acquisition, exploration, and development of mineral properties in Canada. It explores for porphyry-style copper, gold, and molybdenum deposits. The company’s principal project is the Rogers Creek Property. It has an option to acquire 80% interest in the Rogers Creek property that consists of 47 mineral claims covering 212.34 square kilometers located in Pemberton, British Columbia. Tocvan Ventures Corp. was founded in 2018 and is headquartered in Vancouver, Canada.

Details
Name: Tocvan Ventures Corp.
TOC
Exchange: CNSX
Founded: 2018
CA$1,135,750
10,325,000
Website: http://tocvan.ca
Address: Tocvan Ventures Corp.
1130 West Pender Street,
Suite 820,
Vancouver,
Alberta, V6E 4A4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX TOC Common Shares Canadian National Stock Exchange CA CAD 01. Mar 2019
Number of employees
Current staff
Staff numbers
0
Tocvan Ventures employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:53
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2018/11/21
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


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.