Sherritt International Corp

Sherritt's capital structure is characterized by a debt-to-equity ratio of 0.63, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.31 and cash and equivalents of CAD 38.5 million. However, the company's free cash flow is negative at CAD -41.5 million, which suggests that operating cash flow is insufficient to cover capital expenditures and other obligations.

Profitability metrics show a challenging performance, with a return on equity of -6.87% and a return on assets of -2.93%. These figures are below the industry median for diversified mining companies, which typically report positive returns. The company's operating income is negative at CAD -22.4 million, and net income is also negative at CAD -40.5 million, indicating a loss-making position in the most recent reporting period.

Geographically, Sherritt's revenue is concentrated in Canada and Cuba, with a significant portion of its operations located in these two regions. The company's exposure to these markets may pose risks due to political and regulatory uncertainties, particularly in Cuba. The company's revenue concentration in these regions is a key factor in its risk profile.

The company's growth trajectory is mixed. While revenue for the period was CAD 288 million, the outlook for the current fiscal year is uncertain due to the negative operating and net income figures. The company's capital expenditure of CAD -3.9 million suggests a modest investment in growth, but the negative free cash flow indicates that the company may need to rely on external financing to fund further expansion.

Risk factors include liquidity constraints and the potential for dilution, although the latter is currently assessed as low. The company's net cash position is negative after subtracting total debt, which could limit its ability to respond to market opportunities or financial stress. The risk assessment also highlights the need for close monitoring of the company's debt levels and cash flow generation.

Recent events include a lack of strong buy or buy recommendations from analysts, with only one hold recommendation and no sell or strong sell ratings. The mean price target for the stock is CAD 0.30, which is unchanged from the median, high, and low price targets, suggesting a lack of consensus among analysts regarding the stock's future performance.

Sherritt International Corporation (S.TO) is currently undergoing its first analysis, meaning there is no prior basis for computing material changes or identifying specific shifts in performance metrics. Consequently, no significant operational or financial deltas can be reported at this time, as the dataset lacks historical comparison points to highlight what has changed for the company. The absence of material changes is reflected in the empty signals across watcher and cross-source metrics. Specifically, there are no recorded watcher signals, and the cross-source dispatch data shows zero counts and null sentiment values for the period spanning late June through mid-July 2026. This indicates a lack of recent news volume or sentiment-driven events associated with the ticker during this window. From a structural perspective, Sherritt International Corporation is characterized by a minimal presence in key market indices, with an index membership count of zero. The company’s profile also notes an officer count of one and an analyst count of two, alongside a top holder count of zero, suggesting limited institutional tracking or public disclosure of major shareholders in the current dataset. While no direct corporate actions are recorded, the broader market context includes a saga regarding US-Iran tensions fueling markets, which carries an intensity score of 3.5714. However, this macroeconomic factor is not directly linked to specific Sherritt events in the provided facts, and no specific financial, ESG, or estimate data is cited to explain how this tension impacts the company’s immediate outlook.

Sherritt's net margin of -1.4% significantly outperforms the Diversified Mining cohort median of -8.7%, indicating superior relative profitability.

The company's operating margin of -0.8% is well above the cohort median of -8.7%, demonstrating better operational efficiency than peers.

Revenue grew at a 12.6% CAGR over four years, showing consistent top-line expansion despite recent volatility in net income.

Sherritt faces high credit risk, signaling significant concerns regarding its ability to meet financial obligations and service debt.

The company reported a net loss of CAD 65.7 million in FY2026, continuing a trend of negative profitability in recent years.

Free cash flow deteriorated to negative CAD 67.3 million in FY2026, reflecting severe cash generation challenges and liquidity pressure.

Debt-to-equity ratio of 0.63 places Sherritt in the bottom quartile of the cohort, indicating higher leverage than most peers.

Cash conversion ratio of -0.32 ranks in the bottom quartile, highlighting poor ability to convert earnings into actual cash.

Revenue C$45.7M; Operating income -C$16.9M.

• ▍Revenue C$45.7M
• ▍Operating income -C$16.9M
• ▍Net margin -50.1%

Revenue C$32.9M; Operating income -C$1.2M.

• ▍Revenue C$32.9M
• ▍Operating income -C$1.2M
• ▍Net margin 6.4%

Revenue C$28.8M; Operating income -C$22.4M.

• ▍Revenue C$28.8M
• ▍Operating income -C$22.4M
• ▍Net margin -140.6%

Revenue C$177.3M, +11,7% YoY; Operating income −1,0% YoY.

• ▍Revenue C$177.3M, +11,7% YoY
• ▍Operating income −1,0% YoY
• ▍Net income +9,8% YoY
• ▍Free cash flow −2,1% YoY
• ▍Net margin -37.1%

Revenue C$158.8M, −28,9% YoY; Operating income −4,5% YoY.

• ▍Revenue C$158.8M, −28,9% YoY
• ▍Operating income −4,5% YoY
• ▍Net income −12,7% YoY
• ▍Free cash flow +7,6% YoY
• ▍Net margin -45.8%

Revenue C$223.3M, +24,9% YoY; Operating income −128,6% YoY.

• ▍Revenue C$223.3M, +24,9% YoY
• ▍Operating income −128,6% YoY
• ▍Net income −201,7% YoY
• ▍Free cash flow −216,5% YoY
• ▍Net margin -28.9%

Revenue C$178.8M, +62,2% YoY; Operating income +1 542,3% YoY.

• ▍Revenue C$178.8M, +62,2% YoY
• ▍Operating income +1 542,3% YoY
• ▍Net income +445,1% YoY
• ▍Free cash flow +461,5% YoY
• ▍Net margin 35.5%

Revenue C$110.2M; Operating income C$8.5M.

• ▍Revenue C$110.2M
• ▍Operating income C$8.5M
• ▍Net margin -16.7%