Noranda Income Fund chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 22.36
Dividend & YieldN/AC$ (N/A)
Beta 1.25
Market capitalization 25.93M
Operating cash flow 45.51M
ESG Scores unknown

Company description

Noranda Income Fund operates as an income trust. The company owns an electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include jumbo zinc, a product customized with alloy for steel customers to enhance the productivity of galvanizing lines; zinc shot, a product that is used to produce electro-galvanized steel for the car industry; zinc slab, a general commodity grade metal; and granulated zinc, which is used in the production of fertilizers and reagents for the pulp and paper industry. The company's by-products comprise copper cake and sulphuric acid. It serves customers in Canada, the United States, and internationally. Noranda Income Fund was founded in 1961 and is headquartered in Toronto, Canada.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial Ratios
Quick Ratio0.89
Working Capital-0.18
Return On Equity-0.22
Debt To Equity1.45
Fixed Asset Ratio-0.1
Fixed Interest Cover-3.85

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -85.92M -7.58M 10.68M 78.87M
Total Cashflows From Investing Activities -18.59M -20.95M -28.12M -46.53M
Net Borrowings 24.98M 2.35M 29.34M 9.86M
Total Cash From Financing Activities 24.98M 1.25M 27.52M 8.68M
Change To Operating Activities
Issuance Of Stock
Net Income 11.88M -197k -21M -27.46M
Change In Cash -1.09M 350k -870k 46k
Effect Of Exchange Rate
Total Cash From Operating Activities -7.47M 20.05M -274k 37.89M
Depreciation 17.99M 16.29M 14.9M 15.58M
Change To Account Receivables -26.11M 21.77M -10.36M -41.26M
Other Cashflows From Financing Activities -668k -668k -668k
Change To Netincome 4.57M -10.36M 15.76M 22.04M
Capital Expenditures -19.55M -21.81M -28.26M -47.01M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 16.27M -150k -26.74M -39.09M
Net Income 11.88M -197k -21M -27.46M
Selling General Administrative 15.07M 15.67M 18.26M 20.12M
Gross Profit 36.86M 43.6M 32.33M 31.74M
Ebit 23.62M 9.59M -18.69M -30.5M
Operating Income 23.62M 9.59M -18.69M -30.5M
Interest Expense -7.78M -9M -7.67M -7.92M
Income Tax Expense 4.3M 502k -6.04M -8.93M
Total Revenue 909.14M 727.04M 647.23M 817.65M
Cost Of Revenue 872.29M 683.44M 614.9M 785.91M
Total Other Income ExpenseNet -7.35M -9.74M -8.05M -8.58M
Net Income From Continuing Ops 11.97M -652k -20.7M -30.15M
Net Income Applicable To Common Shares 11.88M -197k -21M -27.46M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 269.91M 269.24M 325.52M 441.33M
Total Stockholder Equity 176.53M 175.42M 153.51M 125.4M
Other Current Liabilities 5.86M 2.92M 4.42M 34.34M
Total Assets 439.18M 437.78M 472.74M 564.54M
Common Stock 176.53M 175.42M 153.51M 125.4M
Other Current Assets 5.75M 5.93M 1.76M 4.06M
Retained Earnings
Treasury Stock
Cash 732k 1.08M 212k 258k
Total Current Liabilities 103.57M 235.22M 117.31M 225.7M
Other Stockholder Equity
Property, Plant, and Equipment 106.81M 113.78M 128.5M 160.28M
Total Current Assets 321.44M 314.19M 330.46M 381.15M
Net Tangible Assets 176.53M 175.42M 153.51M 125.4M
Net Receivables 163.63M 148.34M 157.19M 194.76M
Accounts Payable 97.71M 96.29M 108.44M 186.67M


Insider Transactions

Here are the insider transactions of stock shares related to Noranda Income Fund:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Lau (Daniel)Acquisition or disposition in the public market at price 0.80 per share.I2022-10-0610% Security Holder of Issuer300k
Lau (Daniel)D2022-04-1310% Security Holder of Issuer
Lau (Daniel)I2022-04-1310% Security Holder of Issuer
Lau (Daniel)I2022-04-1310% Security Holder of Issuer
Lau (Daniel)I2022-04-1310% Security Holder of Issuer
Lau (Daniel)Acquisition or disposition in the public market at price 1.31 per share.I2022-04-1310% Security Holder of Issuer800k
Lau (Daniel)I2022-04-1310% Security Holder of Issuer

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Noranda Income Fund. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Noranda Income Fund

Here is the result of two systematic investment strategies applied to Noranda Income Fund. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Noranda Income Fund

The following chart shows the equity curve of the two systematic investment strategies applied to Noranda Income Fund:

Noranda Income Fund automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 31.15% on the backtest period.

Performance at glance

Performance

31.15 %

Latent gain

233.51 C$

Invested capital

749.59 C$

Annualized return

23.96 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Noranda Income Fund

This is the result of two momentum investment strategies applied to Noranda Income Fund. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Noranda Income Fund

The following chart shows all the entries opened by the momentum investment system on Noranda Income Fund:

Noranda Income Fund momentum entries
  • The first momentum investment strategy would give 24.97% of return on Noranda Income Fund. That represents 436.58C$ of latent gain with 1748.57C$ of employed capital.
  • The second momentum investment strategy would give 35.99% of return on Noranda Income Fund. That represents 270.16C$ of latent gain with 750.64C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

24.97 %

Latent gain

436.58 C$

Invested capital

1748.57 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

35.99 %

Latent gain

270.16 C$

Invested capital

750.64 C$

Annualized return

43.89 %

Momentum equity curve on Noranda Income Fund

The following chart shows the equity curve of the two momentum strategies applied to Noranda Income Fund:

Noranda Income Fund momentum equity

Note: the dividends potentially given by Noranda Income Fund are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Noranda Income Fund

The following chart shows the employed capital evolution of the two momentum strategies on Noranda Income Fund since the beginning:

Noranda Income Fund

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on Noranda Income Fund

Buy the dip entry openings on Noranda Income Fund

Noranda Income Fund

The performance achieved by the robo-advisor on Noranda Income Fund is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows Noranda Income Fund stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Noranda Income Fund, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to Noranda Income Fund

The following chart shows the result of the investment strategy applied to Noranda Income Fund:

Noranda Income Fund

Note: the dividends potentially given by Noranda Income Fund are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Noranda Income Fund

The following chart shows the employed capital evolution since the beginning of the investment strategy on Noranda Income Fund:

Noranda Income Fund

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Noranda Income Fund

In this section, I will compare the three previous investment strategies applied to Noranda Income Fund.

Equity curve comparison on Noranda Income Fund

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Noranda Income Fund investment strategy comparison

Employed capital comparison on Noranda Income Fund

Noranda Income Fund investment comparison

Performance comparison on Noranda Income Fund

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 31.15% 233.51C$ 749.59C$ 23.96%
Momentum 1 quarter 24.97% 436.58C$ 1748.57C$ 23.56%
Momentum 2 quarters 35.99% 270.16C$ 750.64C$ 43.89%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

23.96 %

Momentum 1Q

43.89 %

Momentum 2Q

43.89 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Noranda Income Fund:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Noranda Income Fund and the other stocks. There may be false positives or some missing correlated stocks. If the price of Noranda Income Fund does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Noranda Income Fund
Country Canada
City Toronto
Address First Canadian Place
Phone
Website www.norandaincomefund.com
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XTSE
Ticker NIF-UN.XTSE
Market

Noranda Income Fund ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown