Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

49 North Resources

DB:O49
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
O49
DB
CA$2M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The last earnings update was 126 days ago. More info.


Add to Portfolio Compare Print
  • 49 North Resources is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • 49 North Resources has significant price volatility in the past 3 months.
O49 Share Price and Events
7 Day Returns
0%
DB:O49
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-37.5%
DB:O49
-6.9%
DE Capital Markets
-17.2%
DE Market
O49 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
49 North Resources (O49) 0% -37.5% 19% -37.5% -80.5% -79.5%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • O49 underperformed the Capital Markets industry which returned -6.9% over the past year.
  • O49 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
O49
Industry
5yr Volatility vs Market

O49 Value

 Is 49 North Resources 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 49 North Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.0125.
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 49 North Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 49 North Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:O49 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.02
TSXV:FNR Share Price ** TSXV (2020-04-01) in CAD CA$0.03
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of 49 North Resources.

DB:O49 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.03 ÷ -0.02

-1.3x

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

  • 49 North Resources is loss making, we can't compare its value to the DE Capital Markets industry average.
  • 49 North Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does 49 North Resources's expected growth come at a high price?
Raw Data
DB:O49 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*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 49 North Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 49 North Resources's assets?
Raw Data
DB:O49 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.05
TSXV:FNR Share Price * TSXV (2020-04-01) in CAD CA$0.03
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:O49 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.05

0.57x

* Primary Listing of 49 North Resources.

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

  • 49 North Resources is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess 49 North Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. 49 North Resources has a total score of 1/6, 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.

O49 Future Performance

 How is 49 North Resources 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 49 North Resources 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
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 49 North Resources expected to grow at an attractive rate?
  • Unable to compare 49 North Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare 49 North Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare 49 North Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:O49 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:O49 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
DB:O49 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 -1 0 -2
2019-06-30 -1 0 -2
2019-03-31 -1 1 -2
2018-12-31 -4 0 -5
2018-09-30 -4 0 -6
2018-06-30 -3 0 -5
2018-03-31 -3 0 -5
2017-12-31 1 0 0
2017-09-30 7 2 8
2017-06-30 6 1 7
2017-03-31 8 0 9
2016-12-31 6 0 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if 49 North Resources is high growth as no earnings estimate data is available.
  • Unable to determine if 49 North Resources 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
DB:O49 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from 49 North Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:O49 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.02
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.08
2018-09-30 -0.10
2018-06-30 -0.08
2018-03-31 -0.08
2017-12-31 -0.01
2017-09-30 0.14
2017-06-30 0.12
2017-03-31 0.16
2016-12-31 0.14

*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 49 North Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine 49 North Resources'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. 49 North Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. 49 North Resources'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 49 North Resources'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
49 North Resources 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.

O49 Past Performance

  How has 49 North Resources 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 49 North Resources's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 49 North Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare 49 North Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 49 North Resources's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
49 North Resources'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 49 North Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:O49 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 -0.92 -1.81 0.84
2019-06-30 -0.82 -1.74 0.88
2019-03-31 -0.69 -1.56 0.95
2018-12-31 -4.12 -5.21 0.95
2018-09-30 -4.00 -5.75 1.22
2018-06-30 -3.07 -4.73 1.30
2018-03-31 -3.28 -5.05 1.15
2017-12-31 1.42 -0.47 1.21
2017-09-30 7.19 8.29 1.12
2017-06-30 5.83 6.89 1.29
2017-03-31 7.73 8.77 1.30
2016-12-31 5.56 7.42 1.21
2016-09-30 5.64 5.33 1.94
2016-06-30 10.77 5.61 2.17
2016-03-31 12.23 10.01 2.34
2015-12-31 11.74 7.65 2.77
2015-09-30 8.94 -9.85 2.62
2015-06-30 6.42 -10.39 2.69
2015-03-31 6.26 -16.46 3.07
2014-12-31 11.52 -15.96 3.29
2014-09-30 7.89 -23.32 3.28
2014-06-30 7.53 -23.09 3.45
2014-03-31 4.18 -25.15 3.43
2013-12-31 -3.78 -28.91 3.57
2013-09-30 -3.77 -21.46 3.63
2013-06-30 0.60 -21.76 3.71

*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 49 North Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if 49 North Resources has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if 49 North Resources 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 49 North Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
49 North Resources 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.

O49 Health

 How is 49 North Resources'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 49 North Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 49 North Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 49 North Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 49 North Resources'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.
  • Debt is covered by short term assets, assets are 1.3x 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 49 North Resources Company Filings, last reported 6 months ago.

DB:O49 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 7.05 5.82 5.95
2019-06-30 8.29 5.70 6.93
2019-03-31 9.67 5.59 8.48
2018-12-31 7.35 5.48 6.60
2018-09-30 8.61 5.37 7.78
2018-06-30 9.78 5.26 8.91
2018-03-31 10.85 5.18 10.69
2017-12-31 13.96 5.11 12.28
2017-09-30 15.75 5.04 13.76
2017-06-30 15.87 4.98 13.76
2017-03-31 17.45 4.96 14.54
2016-12-31 14.18 4.88 11.60
2016-09-30 17.19 4.90 11.99
2016-06-30 18.08 4.90 13.26
2016-03-31 17.23 4.83 12.23
2015-12-31 7.27 5.45 5.21
2015-09-30 6.44 7.55 7.24
2015-06-30 7.49 7.45 9.56
2015-03-31 -1.08 15.79 7.75
2014-12-31 -0.72 15.61 8.01
2014-09-30 11.29 17.44 9.98
2014-06-30 13.24 17.27 11.15
2014-03-31 14.12 17.11 14.65
2013-12-31 13.87 14.94 15.21
2013-09-30 32.50 14.55 18.51
2013-06-30 33.82 14.76 20.50
  • 49 North Resources's level of debt (82.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (156.2% vs 82.5% 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.

  • Whilst loss making 49 North Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making 49 North Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -52.7% per year.
X
Financial health checks
We assess 49 North Resources'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. 49 North Resources has a total score of 5/6, 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.

O49 Dividends

 What is 49 North Resources'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 49 North Resources dividends.
If you bought €2,000 of 49 North Resources shares you are expected to receive €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 49 North Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 49 North Resources'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
DB:O49 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:O49 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2014-05-29 0.000 0.000
2014-04-30 0.000 0.000
2013-11-27 0.000 0.000
2013-08-28 0.000 0.000
2013-05-29 0.000 0.000
2013-04-30 0.000 0.000
2012-09-17 0.000 0.000
2012-06-15 0.080 3.676
2012-03-01 0.080 2.870
2011-11-23 0.080 2.630
2011-08-29 0.080 2.381

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

  • Unable to perform a dividend volatility check as 49 North Resources has not reported any payouts.
  • Unable to verify if 49 North Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 49 North Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 49 North Resources 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 49 North Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 49 North Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 49 North Resources 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.

O49 Management

 What is the CEO of 49 North Resources'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 MacNeill
COMPENSATION CA$333,085
AGE 53
TENURE AS CEO 14.8 years
CEO Bio

Mr. Thomas M. MacNeill, also known as Tom, BA (Econ), CGA, CFA has been the Chief Executive Officer and President of Omineca Mining and Metals Ltd. since June 1, 2017. Mr. MacNeill is the Founder of 49 North Resources Inc., and has been its President and Chief Executive Officer since July 2005. Mr. MacNeill has been the President, Chief Executive Officer, Chief Financial Officer and General Manager Director at BEC International Corporation since January 1994. He serves as an Executive Officer of NuCoal Energy Corporation. He served as the Chief Executive Officer and President of Greywacke Exploration Limited (formerly, Minerva Minerals Limited) from June 25, 2013 to May 17, 2017. He served as an International Controller of Newmont Mining Corporation of Canada and also worked at Franco-Nevada Mining Corporation Limited as its Treasurer. He served as a Fund Manager of 49 North Resources Inc. He served as an Investment Advisor with a major Canadian brokerage firm, Management Accountant within the mining industry and Chief Financial Officer of a Canadian Trust Corporation and has an extensive resource portfolio management experience. For 14 years, his focus has been exclusively toward Canadian Junior Mining Exploration/Development opportunities with specific emphasis on Saskatchewan's resource sector. He has assisted in the financing within the junior resource industry and is instrumental in the development of a number of junior resource companies, namely Shore Gold. He has over 25 years experience in resource investment and corporate finance. He serves as the Chairman of Gespeg Copper Resources Inc. and has been its Director since April 28, 2014. He serves as the Chairman of FNR Asset Management Inc. He serves as the Chairman of the Board at 49 North Resources Inc. and has been its Director since April 2005. He serves as the Non-Executive Chairman of Omineca Mining and Metals Ltd. and has been its Director September 4, 2013. He served as the Chairman of FNR Energy Inc. He has been a Director of Tarku Resources Ltd. since May 13, 2014. He has been a Director of Westcore Energy Ltd. since June 2014. He has been a Director of BEC International Corporation since January 1994. He has been a Director of Eros Resources Corp. since November 14, 2013. He serves as a Director of Ituna Capital Corporation. He serves as a Member of the Advisory Board at NuCoal Energy Corporation. He serves as a Director of TMM. He served as a Director of Anthem Resources Incorporated. He served as a Director of Greywacke Exploration Limited since June 25, 2013 until August 25, 2017. Mr. MacNeill serves as a Director at RHC Capital Corporation. He is a Chartered Financial Analyst (CFA) and Certified General Accountant (CGA) and completed the Canadian Securities Course (with Honours) in 1987. He is a graduate of the University of Saskatchewan in Economics, with a minor in geology. He is a Charted Financial Analyst (CFA) and a Certified General Accountant (CGA). Mr. MacNeill has been involved in the junior natural resource markets and a successful developer of natural resource properties and companies for more than 30 years. He has extensive knowledge of Canadian capital markets.

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

Average tenure of the 49 North Resources management team in years:

9.5
Average Tenure
  • The average tenure for the 49 North Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom MacNeill

TITLE
Founder
COMPENSATION
CA$333K
AGE
53
TENURE
14.8 yrs

Andrew Davidson

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$241K
TENURE
9.5 yrs

Dean Nawata

TITLE
Head of Business Development
AGE
58
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure of the 49 North Resources board of directors in years:

6.6
Average Tenure
  • The tenure for the 49 North Resources board of directors is about average.
Board of Directors

Tom MacNeill

TITLE
Founder
COMPENSATION
CA$333K
AGE
53

Andrew Davidson

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$241K
TENURE
4.7 yrs

Norm Betts

TITLE
Independent Director
COMPENSATION
CA$12K
AGE
65
TENURE
6.8 yrs

Andrew Cook

TITLE
Independent Director
COMPENSATION
CA$35K
TENURE
6.6 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 (€) Value (€)
X
Management checks
We assess 49 North Resources'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. 49 North Resources 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.

O49 News

Simply Wall St News

O49 Company Info

Description

49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskatchewan. The firm also seeks to co-invest. 49 North Resources Inc. was founded in 2005 and is based in Saskatoon, Canada.

Details
Name: 49 North Resources Inc.
O49
Exchange: DB
Founded: 2005
CA$1,603,972
83,057,559
Website: http://www.fnr.ca
Address: 49 North Resources Inc.
Suite 602 – 224 4th Avenue South,
Suite 408,
Saskatoon,
Saskatchewan, S7K 5M5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FNR Common Shares TSX Venture Exchange CA CAD 28. Dec 2006
OTCPK FNIN.F Common Shares Pink Sheets LLC US USD 28. Dec 2006
DB O49 Common Shares Deutsche Boerse AG DE EUR 28. Dec 2006
Number of employees
Current staff
Staff numbers
0
49 North Resources employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:11
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2019/11/28
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.