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Fortress Global Enterprises

DB:LII
Snowflake Description

Reasonable growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LII
DB
CA$973K
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Fortress Global Enterprises Inc. produces and sells dissolving pulp products in Asia and Canada. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
  • Fortress Global Enterprises has significant price volatility in the past 3 months.
LII Share Price and Events
7 Day Returns
0%
DB:LII
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-98.1%
DB:LII
-11.9%
Europe Forestry
3%
DE Market
LII Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fortress Global Enterprises (LII) 0% -49.2% -92.6% -98.1% -99.3% -98%
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • LII underperformed the Forestry industry which returned -11.9% over the past year.
  • LII underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
LII
Industry
5yr Volatility vs Market

LII Value

 Is Fortress Global Enterprises 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 Fortress Global Enterprises. This is due to cash flow or dividend data being unavailable. The share price is €0.03.
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 Fortress Global Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fortress Global Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LII PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-6.24
TSX:FGE Share Price ** TSX (2019-10-11) in CAD CA$0.07
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Fortress Global Enterprises.

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

= TSX:FGE Share Price ÷ EPS (both in CAD)

= 0.07 ÷ -6.24

-0.01x

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

  • Fortress Global Enterprises is loss making, we can't compare its value to the Europe Forestry industry average.
  • Fortress Global Enterprises is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Fortress Global Enterprises's expected growth come at a high price?
Raw Data
DB:LII PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Fortress Global Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fortress Global Enterprises's assets?
Raw Data
DB:LII PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$1.43
TSX:FGE Share Price * TSX (2019-10-11) in CAD CA$0.07
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:LII PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:FGE Share Price ÷ Book Value per Share (both in CAD)

= 0.07 ÷ 1.43

0.05x

* Primary Listing of Fortress Global Enterprises.

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

  • Fortress Global Enterprises is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Fortress Global Enterprises'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Fortress Global Enterprises 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.

LII Future Performance

 How is Fortress Global Enterprises expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
97.6%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Fortress Global Enterprises expected to grow at an attractive rate?
  • Fortress Global Enterprises's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fortress Global Enterprises's earnings growth is expected to exceed the Germany market average.
  • Fortress Global Enterprises's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LII Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LII Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 97.6%
DB:LII Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:LII Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LII Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 201 1
2019-12-31 171 1
2019-10-13
DB:LII Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 168 3 -93
2019-03-31 181 6 -40
2018-12-31 186 6 -32
2018-09-30 168 9 -33
2018-06-30 155 1 -43
2018-03-31 147 8 -40
2017-12-31 156 28 -33
2017-09-30 49 14 -49
2017-06-30 96 22 -15
2017-03-31 141 16 -3
2016-12-31 173 0 -14
2016-09-30 325 6 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fortress Global Enterprises's earnings are expected to grow significantly at over 20% yearly.
  • Fortress Global Enterprises's revenue is expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
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:LII Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Fortress Global Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LII Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.37 -0.37 -0.37 1.00
2019-12-31 -6.21 -6.21 -6.21 1.00
2019-10-13
DB:LII Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -6.24
2019-03-31 -2.69
2018-12-31 -2.17
2018-09-30 -2.28
2018-06-30 -2.98
2018-03-31 -2.79
2017-12-31 -2.31
2017-09-30 -3.46
2017-06-30 -1.03
2017-03-31 -0.19
2016-12-31 -0.96
2016-09-30 0.71

*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 Fortress Global Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fortress Global Enterprises'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Fortress Global Enterprises has a total score of 4/6, 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.

LII Past Performance

  How has Fortress Global Enterprises 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 Fortress Global Enterprises's growth in the last year to its industry (Forestry).
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.
  • Fortress Global Enterprises does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Fortress Global Enterprises's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Fortress Global Enterprises's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Fortress Global Enterprises'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 Fortress Global Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LII Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 167.50 -93.37 21.32
2019-03-31 180.82 -40.27 21.38
2018-12-31 185.95 -32.18 21.68
2018-09-30 168.11 -33.39 21.07
2018-06-30 154.73 -43.01 20.26
2018-03-31 147.46 -39.93 20.31
2017-12-31 156.41 -32.99 20.52
2017-09-30 49.28 -49.41 -0.63
2017-06-30 96.13 -14.79 7.21
2017-03-31 141.32 -2.82 13.36
2016-12-31 172.64 -14.05 20.98
2016-09-30 324.73 10.47 47.48
2016-06-30 327.75 -15.01 47.51
2016-03-31 313.79 -29.40 46.73
2015-12-31 307.62 -34.31 45.24
2015-09-30 307.50 -43.88 45.60
2015-06-30 302.70 -44.57 45.21
2015-03-31 295.94 -57.18 45.64
2014-12-31 275.94 -62.64 46.78
2014-09-30 238.68 -104.13 45.12
2014-06-30 211.46 -111.69 44.48
2014-03-31 204.08 -112.43 44.58
2013-12-31 207.79 -107.82 43.09
2013-09-30 229.35 -63.01 42.95
2013-06-30 214.45 -73.80 41.25
2013-03-31 197.77 -46.95 37.05
2012-12-31 163.92 -42.34 34.40

*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 Fortress Global Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Fortress Global Enterprises has efficiently used its assets last year compared to the Europe Forestry industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Fortress Global Enterprises 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 Fortress Global Enterprises'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 Forestry 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.
Fortress Global Enterprises 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.

LII Health

 How is Fortress Global Enterprises'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 Fortress Global Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fortress Global Enterprises's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fortress Global Enterprises's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fortress Global Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x 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 Fortress Global Enterprises Company Filings, last reported 3 months ago.

DB:LII Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 21.37 209.75 5.07
2019-03-31 82.33 212.04 6.34
2018-12-31 99.84 209.34 12.61
2018-09-30 108.59 209.53 25.10
2018-06-30 112.63 207.47 24.12
2018-03-31 120.86 206.21 29.75
2017-12-31 125.30 209.24 41.05
2017-09-30 193.82 211.81 34.05
2017-06-30 210.19 211.94 45.77
2017-03-31 214.13 209.84 40.45
2016-12-31 210.55 197.78 22.13
2016-09-30 221.35 231.19 78.08
2016-06-30 201.23 242.78 26.32
2016-03-31 197.12 243.68 34.50
2015-12-31 215.95 241.42 37.59
2015-09-30 213.22 239.53 53.17
2015-06-30 219.02 237.41 33.01
2015-03-31 221.04 235.17 34.72
2014-12-31 232.91 232.35 47.20
2014-09-30 249.20 234.34 54.22
2014-06-30 258.99 232.13 41.71
2014-03-31 285.01 230.67 43.10
2013-12-31 302.28 228.13 61.89
2013-09-30 356.53 226.97 102.81
2013-06-30 364.11 227.17 136.16
2013-03-31 218.63 273.19 29.68
2012-12-31 229.67 255.90 31.49
  • Fortress Global Enterprises's level of debt (981.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (89.7% vs 981.7% 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.

  • Fortress Global Enterprises has less than a year of cash runway based on current free cash flow.
  • Fortress Global Enterprises has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.8% each year.
X
Financial health checks
We assess Fortress Global Enterprises'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. Fortress Global Enterprises has a total score of 0/6, 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.

LII Dividends

 What is Fortress Global Enterprises'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 Fortress Global Enterprises dividends.
If you bought €2,000 of Fortress Global Enterprises 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 Fortress Global Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fortress Global Enterprises'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:LII 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 1 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:LII Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-13

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

  • Unable to perform a dividend volatility check as Fortress Global Enterprises has not reported any payouts.
  • Unable to verify if Fortress Global Enterprises's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fortress Global Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fortress Global Enterprises 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 Fortress Global Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Fortress Global Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fortress Global Enterprises 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.

LII Management

 What is the CEO of Fortress Global Enterprises'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
Giovanni Iadeluca
COMPENSATION CA$563,186
TENURE AS CEO 0.8 years
CEO Bio

Mr. Giovanni B. Iadeluca, CPA, CA has been Chief Executive Officer and President of Fortress Global Enterprises Inc. since December 5, 2018 and serves as its Director since 2019. Mr. Iadeluca was President of Fortress Speciality Cellulose at Fortress Paper LTD since 2018 until December 5, 2018. Mr. Iadeluca served as the President of Dissolving Pulp Segment at Fortress Paper Ltd. from October 3, 2016 to 2018. Mr. Iadeluca has 20 years of senior management experience in the manufacturing industry. Mr. Iadeluca served as the Chief Executive Officer at AV Terrace Bay Inc a Wholly Owned Subsidiary of Aditya Birla Group. Mr. Iadeluca was responsible for the restart and turnaround of Terrace Bay pulp and paper mill. Mr. Iadeluca served as Director of Finance & Administration/Chief Executive Officer at Selenis Canada Inc., converting the facilities to produce polyethylene terephthalate. He served as Director of Finance & Administration/Chief Executive Officer at PTT PolyCanada LP, where he initiated the launch of polytrimethylene terephthalate. Mr. Iadeluca oversaw PTT PolyCanada's finance, accounting, customer service, IT, HR, procurement and logistics operations. He joined PTT PolyCanada in May 2005 and served as a Consultant to the plant. Previous to PTT PolyCanada, he served in consumer goods companies. He is a Chartered Professional Accountant with membership in the Order of Chartered Accountants of Quebec. Mr. Iadeluca studied at Concordia University in Montreal and holds a Bachelor's degree in Commerce and Information Technology. He also holds a master's degree in Accountancy.

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

Average tenure of the Fortress Global Enterprises management team in years:

2.1
Average Tenure
  • The tenure for the Fortress Global Enterprises management team is about average.
Management Team

Giovanni Iadeluca

TITLE
President
COMPENSATION
CA$563K
TENURE
0.8 yrs

Kurt Loewen

TITLE
Chief Financial Officer
COMPENSATION
CA$347K
AGE
50
TENURE
13.2 yrs

Mark Kirby

TITLE
President & CEO of S2G
COMPENSATION
CA$310K
AGE
60
TENURE
1.6 yrs

Marco Veilleux

TITLE
Vice President of Business Development & Strategic Projects
COMPENSATION
CA$282K
TENURE
9.3 yrs

Kenneth Leung

TITLE
Secretary & General Counsel
TENURE
2.2 yrs

Kent Smith

TITLE
Vice President of Operations at Fortress Advanced Bioproducts

Yvon Pelletier

TITLE
Consultant
COMPENSATION
CA$405K
TENURE
2 yrs
Board of Directors Tenure

Average tenure of the Fortress Global Enterprises board of directors in years:

3.2
Average Tenure
  • The tenure for the Fortress Global Enterprises board of directors is about average.
Board of Directors

Joe Nemeth

TITLE
Chairman of the board
COMPENSATION
CA$114K
AGE
54
TENURE
0.8 yrs

Giovanni Iadeluca

TITLE
President
COMPENSATION
CA$563K
TENURE
0.8 yrs

Anil Wirasekara

TITLE
Director
COMPENSATION
CA$84K
AGE
62
TENURE
6.4 yrs

Ezra Gardner

TITLE
Director
COMPENSATION
CA$83K
TENURE
3.2 yrs

Gerry Gaetz

TITLE
Director
COMPENSATION
CA$69K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • Fortress Global Enterprises individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Sep 19 Sell Chadwick Wasilenkoff Individual 26. Sep 19 27. Sep 19 -60,500 €0.08 €-5,006
26. Sep 19 Sell Chadwick Wasilenkoff Individual 24. Sep 19 24. Sep 19 -97,000 €0.08 €-7,984
13. Sep 19 Sell Chadwick Wasilenkoff Individual 10. Sep 19 10. Sep 19 -79,000 €0.09 €-7,234
10. Sep 19 Sell Chadwick Wasilenkoff Individual 06. Sep 19 09. Sep 19 -47,500 €0.09 €-4,242
05. Sep 19 Sell Chadwick Wasilenkoff Individual 03. Sep 19 03. Sep 19 -82,000 €0.09 €-7,494
31. Aug 19 Sell Chadwick Wasilenkoff Individual 26. Aug 19 30. Aug 19 -367,000 €0.10 €-34,563
23. Aug 19 Sell Chadwick Wasilenkoff Individual 19. Aug 19 19. Aug 19 -44,500 €0.17 €-7,547
03. Aug 19 Sell Chadwick Wasilenkoff Individual 29. Jul 19 31. Jul 19 -219,000 €0.31 €-67,243
06. Jul 19 Sell Chadwick Wasilenkoff Individual 02. Jul 19 02. Jul 19 -10,400 €0.51 €-5,333
29. Jun 19 Buy Giovanni Iadeluca Individual 26. Jun 19 28. Jun 19 9,600 €0.60 €5,588
27. Jun 19 Buy Giovanni Iadeluca Individual 25. Jun 19 25. Jun 19 47,000 €0.53 €24,362
21. Jun 19 Sell Marco Veilleux Individual 21. Jun 19 21. Jun 19 -6,500 €0.43 €-2,824
21. Jun 19 Buy Giovanni Iadeluca Individual 20. Jun 19 21. Jun 19 33,867 €0.50 €14,444
04. Jan 19 Sell Chadwick Wasilenkoff Individual 31. Dec 18 31. Dec 18 -100,000 €1.11 €-111,372
20. Dec 18 Buy Giovanni Iadeluca Individual 19. Dec 18 19. Dec 18 5,000 €1.30 €6,158
05. Dec 18 Buy Varana Capital, LLC Company 04. Dec 18 04. Dec 18 7,500 €1.24 €9,299
X
Management checks
We assess Fortress Global Enterprises'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. Fortress Global Enterprises 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.

LII News

Simply Wall St News

LII Company Info

Description

Fortress Global Enterprises Inc. produces and sells dissolving pulp products in Asia and Canada. The company operates through two segments, Dissolving Pulp and Bioproducts. It offers dissolving pulp products primarily for the rayon/viscose industry. The company also operates a cogeneration facility that produces green energy from waste products. In addition, it focuses on the provision of xylitol, an organic sweetener. The company was formerly known as Fortress Paper Ltd. and changed its name to Fortress Global Enterprises Inc. in January 2018. Fortress Global Enterprises Inc. was incorporated in 2006 and is based in North Vancouver, Canada.

Details
Name: Fortress Global Enterprises Inc.
LII
Exchange: DB
Founded: 2006
CA$668,617
14,971,799
Website: http://www.fortressge.com
Address: Fortress Global Enterprises Inc.
157 Chadwick Court,
2nd Floor,
North Vancouver,
British Columbia, V7M 3K2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX FGE Common Shares The Toronto Stock Exchange CA CAD 28. Jun 2007
OTCPK FTPL.F Common Shares Pink Sheets LLC US USD 28. Jun 2007
DB LII Common Shares Deutsche Boerse AG DE EUR 28. Jun 2007
Number of employees
Current staff
Staff numbers
337
Fortress Global Enterprises employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:48
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/17
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.