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Halmont Properties

TSXV:HMT
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HMT
TSXV
CA$68M
Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

Halmont Properties Corporation invests in commercial and forest properties, and securities of companies holding property, energy, and infrastructure assets in Canada. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Halmont Properties has significant price volatility in the past 3 months.
HMT Share Price and Events
7 Day Returns
0%
TSXV:HMT
-0.6%
CA Real Estate
-1.4%
CA Market
1 Year Returns
-33%
TSXV:HMT
18.1%
CA Real Estate
8.6%
CA Market
HMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Halmont Properties (HMT) 0% 0% -23.5% -33% -13.3% 35.4%
CA Real Estate -0.6% 3.4% 0.6% 18.1% 46.3% 49.5%
CA Market -1.4% 0.4% 0.9% 8.6% 4.6% 17.9%
1 Year Return vs Industry and Market
  • HMT underperformed the Real Estate industry which returned 18.1% over the past year.
  • HMT underperformed the Market in Canada which returned 8.6% over the past year.
Price Volatility
HMT
Industry
5yr Volatility vs Market

HMT Value

 Is Halmont Properties 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 Halmont Properties 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 Halmont Properties.

TSXV:HMT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

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 TSXV:HMT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 26.5%) (120.81%))
1.666
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.67
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.666 * 5.44%)
10.5%

Discounted Cash Flow Calculation for TSXV:HMT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Halmont Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSXV:HMT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.5%)
2020 11.78 Est @ 93.85% 10.66
2021 19.57 Est @ 66.13% 16.03
2022 28.71 Est @ 46.72% 21.28
2023 38.23 Est @ 33.14% 25.64
2024 47.26 Est @ 23.63% 28.68
2025 55.28 Est @ 16.97% 30.36
2026 62.08 Est @ 12.31% 30.85
2027 67.70 Est @ 9.05% 30.45
2028 72.28 Est @ 6.77% 29.42
2029 76.02 Est @ 5.17% 28.00
Present value of next 10 years cash flows CA$251.00
TSXV:HMT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$76.02 × (1 + 1.44%) ÷ (10.5% – 1.44%)
CA$850.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$850.74 ÷ (1 + 10.5%)10
CA$313.32
TSXV:HMT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$251.00 + CA$313.32
CA$564.32
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$564.32 / 103.94
CA$5.43
TSXV:HMT Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$5.43
Current discount Discount to share price of CA$0.65
= -1 x (CA$0.65 - CA$5.43) / CA$5.43
88%

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

Current Discount
Amount off the current price Halmont Properties is available for.
Intrinsic value
>50%
Share price is CA$0.65 vs Future cash flow value of CA$5.43
Current Discount Checks
For Halmont Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Halmont Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Halmont Properties's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Halmont Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Halmont Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:HMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.05
TSXV:HMT Share Price ** TSXV (2019-12-02) in CAD CA$0.65
Canada Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 12.78x
Canada Market PE Ratio Median Figure of 513 Publicly-Listed Companies 15.16x

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

** Primary Listing of Halmont Properties.

TSXV:HMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:HMT Share Price ÷ EPS (both in CAD)

= 0.65 ÷ 0.05

13.21x

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

  • Halmont Properties is overvalued based on earnings compared to the CA Real Estate industry average.
  • Halmont Properties is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Halmont Properties's expected growth come at a high price?
Raw Data
TSXV:HMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.96x
Canada Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 1.12x

*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 Halmont Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Halmont Properties's assets?
Raw Data
TSXV:HMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.63
TSXV:HMT Share Price * TSXV (2019-12-02) in CAD CA$0.65
Canada Real Estate Industry PB Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 0.82x
Canada Market PB Ratio Median Figure of 2,314 Publicly-Listed Companies 1.28x
TSXV:HMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:HMT Share Price ÷ Book Value per Share (both in CAD)

= 0.65 ÷ 0.63

1.02x

* Primary Listing of Halmont Properties.

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

  • Halmont Properties is overvalued based on assets compared to the CA Real Estate industry average.
X
Value checks
We assess Halmont Properties'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Halmont Properties has a total score of 3/6, 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.

HMT Future Performance

 How is Halmont Properties 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 Halmont Properties 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
15.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Halmont Properties expected to grow at an attractive rate?
  • Unable to compare Halmont Properties's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Halmont Properties's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Halmont Properties's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:HMT Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Canada Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
TSXV:HMT 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.
TSXV:HMT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 8 6 5
2019-06-30 8 1 3
2019-03-31 8 1 3
2018-12-31 7 1 3
2018-09-30 7 1 3
2018-06-30 6 2 3
2018-03-31 6 1 3
2017-12-31 5 1 3
2017-09-30 5 0 2
2017-06-30 5 0 2
2017-03-31 4 0 2
2016-12-31 4 1 2

*GAAP earnings excluding extraordinary items.

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

TSXV:HMT Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.05
2019-06-30 0.04
2019-03-31 0.04
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 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 Halmont Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Halmont Properties is trading at Halmont Properties'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Halmont Properties'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 Real Estate companies here
  3. Halmont Properties'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 Halmont Properties'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 North America 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.
Halmont Properties 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.

HMT Past Performance

  How has Halmont Properties 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 Halmont Properties's growth in the last year to its industry (Real Estate).
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.
  • Halmont Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Halmont Properties's 1-year earnings growth exceeds its 5-year average (62.2% vs 17.2%)
  • Halmont Properties's earnings growth has exceeded the CA Real Estate industry average in the past year (62.2% vs -29%).
Earnings and Revenue History
Halmont Properties'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 Halmont Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:HMT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 8.34 4.90 0.24
2019-06-30 8.04 3.10 0.23
2019-03-31 7.70 3.03 0.26
2018-12-31 7.31 2.89 0.21
2018-09-30 6.58 3.02 0.23
2018-06-30 6.23 2.75 0.24
2018-03-31 5.87 2.71 0.24
2017-12-31 5.48 2.60 0.15
2017-09-30 4.78 2.24 0.14
2017-06-30 4.51 2.19 0.09
2017-03-31 4.20 2.04 0.09
2016-12-31 4.07 2.01 0.08
2016-09-30 4.28 2.12 0.08
2016-06-30 4.00 2.05 0.08
2016-03-31 3.98 1.94 0.08
2015-12-31 3.89 1.97 0.09
2015-09-30 3.43 1.61 0.08
2015-06-30 3.11 1.56 0.06
2015-03-31 2.78 1.53 0.04
2014-12-31 2.50 1.48 0.04
2014-09-30 2.57 2.35 0.06
2014-06-30 2.55 2.28 0.10
2014-03-31 2.52 2.31 0.11
2013-12-31 2.49 2.24 0.12
2013-09-30 2.51 1.02 0.12
2013-06-30 2.48 1.08 0.12
2013-03-31 2.47 1.14 0.14
2012-12-31 2.39 1.13 0.14

*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.
  • Halmont Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Halmont Properties used its assets less efficiently than the CA Real Estate industry average last year based on Return on Assets.
  • Halmont Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Halmont Properties'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 Real Estate 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.
Halmont Properties has a total score of 3/6, 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.

HMT Health

 How is Halmont Properties'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 Halmont Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Halmont Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Halmont Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Halmont Properties'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 0x 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 Halmont Properties Company Filings, last reported 2 months ago.

TSXV:HMT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 82.47 81.62 0.05
2019-06-30 79.78 102.35 0.04
2019-03-31 79.22 78.71 0.01
2018-12-31 78.39 73.97 0.04
2018-09-30 67.44 80.16 0.05
2018-06-30 66.43 64.48 0.05
2018-03-31 65.80 60.10 0.01
2017-12-31 65.52 59.51 0.03
2017-09-30 64.14 52.97 0.03
2017-06-30 60.46 53.46 0.05
2017-03-31 58.57 52.04 0.04
2016-12-31 58.08 32.61 0.19
2016-09-30 47.20 40.63 0.16
2016-06-30 46.61 35.19 0.20
2016-03-31 46.17 29.28 0.18
2015-12-31 45.64 28.30 0.08
2015-09-30 44.48 28.76 0.18
2015-06-30 43.96 26.79 0.86
2015-03-31 43.64 27.03 0.51
2014-12-31 43.07 26.94 0.08
2014-09-30 42.26 4.23 0.04
2014-06-30 41.79 4.11 0.09
2014-03-31 41.49 4.14 0.04
2013-12-31 40.98 4.26 0.05
2013-09-30 40.54 2.68 0.04
2013-06-30 40.13 2.77 0.07
2013-03-31 39.79 2.42 0.05
2012-12-31 39.35 2.61 0.10
  • Halmont Properties's level of debt (99%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.6% vs 99% today).
  • Debt is not well covered by operating cash flow (7.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Halmont Properties'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. Halmont Properties 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.

HMT Dividends

 What is Halmont Properties'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 Halmont Properties dividends.
If you bought CA$2,000 of Halmont Properties 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 Halmont Properties's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Halmont Properties'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
TSXV:HMT 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 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 5.7%

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 Halmont Properties has not reported any payouts.
  • Unable to verify if Halmont Properties's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Halmont Properties's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Halmont Properties 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 Halmont Properties'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 Halmont Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Halmont Properties 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.

HMT Management

 What is the CEO of Halmont Properties'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
Heather Fitzpatrick
COMPENSATION CA$0
CEO Bio

Ms. Heather M. Fitzpatrick, CPA, CGA, has been the President at Halmont Properties Corp. since November 2015 and also serves as its Chief Executive Officer. Ms. Fitzpatrick has been a Director of CHC Student Housing Corp., since September 20, 2018. She has been a Director of Halmont Properties Corp. since November 2014 and also served as its Vice President of Operations since 2013. Ms. Fitzpatrick holds a Bachelor of Commerce in accounting from Memorial University of Newfoundland (2005 – 2010).

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

Heather Fitzpatrick

TITLE
President

Tony Rubin

TITLE
CFO, Treasurer & Secretary

Randal Froebelius

TITLE
Property Manager & Director

Ines Zaloshnja

TITLE
Controller
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Halmont Properties board of directors in years:

2.6
Average Tenure
  • The average tenure for the Halmont Properties board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Kerr

TITLE
Independent Chairman
AGE
75

Heather Fitzpatrick

TITLE
President
TENURE
5.1 yrs

Randal Froebelius

TITLE
Property Manager & Director
TENURE
0.7 yrs

Tim Price

TITLE
Independent Director
AGE
76
TENURE
1.7 yrs

M. Horton

TITLE
Independent Director
TENURE
12.8 yrs

Claude Doughty

TITLE
Independent Director
COMPENSATION
CA$10K
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Halmont Properties'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. Halmont Properties 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.

HMT News

Simply Wall St News

What Does Halmont Properties Corporation's (CVE:HMT) P/E Ratio Tell You?

Halmont Properties has a price to earnings ratio of 27.15, based on the last twelve months. … Check out our latest analysis for Halmont Properties How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Halmont Properties: P/E of 27.15 = CA$0.97 ÷ CA$0.036 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

A Closer Look At Halmont Properties Corporation's (CVE:HMT) Uninspiring ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Halmont Properties: 4.5% = CA$3.0m ÷ CA$79m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Halmont Properties Have A Good Return On Equity? … Combining Halmont Properties's Debt And Its 4.5% Return On Equity Halmont Properties has a debt to equity ratio of 0.99, which is far from excessive.

Simply Wall St -

Do Insiders Own Shares In Halmont Properties Corporation (CVE:HMT)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Halmont Properties is a smaller company with a market capitalization of CA$114m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Halmont Properties TSXV:HMT Ownership Summary, July 1st 2019 What Does The Lack Of Institutional Ownership Tell Us About Halmont Properties? … General Public Ownership The general public -- mostly retail investors -- own 78% of Halmont Properties.

Simply Wall St -

You Might Like Halmont Properties Corporation (CVE:HMT) But Do You Like Its Debt?

However, HMT has produced cash from operations of CA$1.5m during the same period of time, resulting in an operating cash to total debt ratio of 1.8%, signalling that its operating cash is sufficient to cover its debt. … Looking at HMT’s CA$866k in current liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 2.61x. … Next Steps: HMT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Don't Sell Halmont Properties Corporation (CVE:HMT) Before You Read This

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Halmont Properties: P/E of 36.67 = CA$1.1 ÷ CA$0.030 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings. … With relatively high debt, and no earnings per share growth over twelve months, it's safe to say the market believes the company will improve its earnings growth in the future.

Simply Wall St -

Should Halmont Properties Corporation (CVE:HMT) Focus On Improving This Fundamental Metric?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.053 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

With 35% Earnings Growth, Did Halmont Properties Corporation (CVE:HMT) Outperform The Industry?

Examining how Halmont Properties Corporation (CVE:HMT) is performing as a company requires looking at more than just a years' earnings. … Below, I will run you through a simple sense check to build perspective on how Halmont Properties is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its real estate industry peers. … Did HMT's recent earnings growth beat the long-term trend and the industry.

Simply Wall St -

Do Institutions Own Halmont Properties Corporation (CVE:HMT) Shares?

Every investor in Halmont Properties Corporation (CVE:HMT) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Halmont Properties is a smaller company with a market capitalization of CA$88m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is Halmont Properties Corporation's (CVE:HMT) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Halmont Properties Corporation (CVE:HMT), with a market cap of CA$97m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Why Halmont Properties Corporation's (CVE:HMT) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Halmont Properties Corporation's (CVE:HMT) P/E ratio to inform your assessment of the investment opportunity. … Halmont Properties has a price to earnings ratio of 32.1, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

HMT Company Info

Description

Halmont Properties Corporation invests in commercial and forest properties, and securities of companies holding property, energy, and infrastructure assets in Canada. As of March 31, 2019, it holds interest in four commercial office properties, and ground and second floor retail premises of a residential condominium complex located in the Toronto Entertainment District. The company also holds a 40% preferred share equity interest in Haliburton Forest; and a 60% interest in residential development located in Huntsville, Ontario. The company is headquartered in Toronto, Canada.

Details
Name: Halmont Properties Corporation
HMT
Exchange: TSXV
Founded:
CA$67,561,000
103,940,000
Website: http://
Address: Halmont Properties Corporation
51 Yonge Street,
Suite 400,
Toronto,
Ontario, M5E 1J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV HMT Class A Voting Shares TSX Venture Exchange CA CAD 11. Jun 2004
Number of employees
Current staff
Staff numbers
0
Halmont Properties employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 23:36
End of day share price update: 2019/12/02 00:00
Last earnings filing: 2019/11/27
Last earnings reported: 2019/09/30
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.