Labrador Iron Ore Royalty Corp.

Labrador Iron Ore Royalty Corp.

Labrador Iron Ore Royalty Corp.

Overview
Date Founded

2010

Headquarters

235 Water Street,St. John's, NF A1C 5L3

Type of Company

Public

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canadian corporation resulting from the conversion of Labrador Iron Ore Royalty Income Fund (the “Fund”) under an Arrangement effective July 1, 2010. It holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer

Executive Vice President, Secretary & Director

Executive Vice President & Director

Board of Directors

Director & Executive Vice President at E-L Financial Corp. Ltd.

Chairman of the Board, President & Chief Executive Officer at E-L Financial Corp. Ltd.

Executive Vice President, Secretary & Director at Labrador Iron Ore Royalty Corp.

Director, President & Chief Executive Officer at Labrador Iron Ore Royalty Corp.

President & Chief Executive Officer at Ontario Pension Board

Director at Labrador Iron Ore Royalty Corp.

Executive Vice President & Director at Labrador Iron Ore Royalty Corp.

Head, Mergers & Acquisitions at The Bank of Nova Scotia

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Owners & Shareholders
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QV Investors (QVI) manages several pooled investment funds with varying objectives in order to meet clients' varying needs. The QV Funds are the models for the firm's bond, balanced and equity strategies.The Canadian Income Fund seeks to provide investors steady income, earned in Canadian dollars, with low risk to principal. The Fund invests in Canadian high or investment grade bonds and debentures, and to a lesser extent in corporate preferred and common shares. The bonds mature within 5 years. The benchmark is the FTSE TMX Short Term Bond Index.The Canadian Bond Fund seeks to provide investors with interest income and moderate capital appreciation over the long-term. The fund invests in investment grade Canadian fixed income securities, and does not hold preferred shares or equities. It may also invest in longer-term bonds and hold a larger exposure to corporate bonds and non-rated bonds. The benchmark is the FTSE TMX Canada Universe Bond Index.The Canadian Balanced Fund seeks to equal or exceed the average annual return on equity of Canadian companies. Canadian companies. The asset mix methodology is to weight by yield the asset class having the greatest surety. Equities are selected to reduce valuation, growth, credit, liquidity, and industry risks. Bonds are selected for their high quality and ability to offset the volatility found in equities.The QV Canadian Equity Fund invests in larger companies, typically with market-cap over $1 billion and listed on the TSX. The Fund seeks to exceed the average annual return on equity of Canadian companies, and to exceed the return on the S&P/TSX Composite Index and do so with lower volatility. QVI constructs the Fund to exhibit measurably better value, growth, dividend, and credit characteristics than the benchmark while maintaining broad industry diversification.The Canadian Small Cap Equity Fund invests in Canadian small and mid-cap companies, with market-cap above $100 million and up to two times the upper end of the BMO Small Cap Index. The Fund seeks to exceed the average annual return on equity of Canadian companies, to exceed the return on the BMO Small Cap Index, and do so with lower volatility. The Global Equity Fund invests in companies listed outside of Canada on the world's senior markets. It seeks to outperform the MSCI World Index with lower volatility. The Fund focuses on companies with market-cap, greater than $5 billion. The portfolio offers broad equity, industry and regional diversification.

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Taylor Asset Management employs a value-oriented investment process that is research-intensive and inherently risk-sensitive. The firm seeks to deliver top-quartile risk-adjusted returns over the long-term. Their portfolios are highly concentrated. Taylor Asset Management is careful to ensure that as core investments, their portfolios are well-diversified. They take a prudent approach to managing individual security and sector exposures, and continually monitor the stocks in their portfolios to ensure their ongoing suitability. Cash, foreign content and foreign currency hedging are used strategically to help manage risk.

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Triasima Portfolio Management's \"Three-Pillar Approach\" combines fundamental, quantitative and trend analysis in a unique investment process that is designed to remain consistent under all market conditions. First, securities are identified using a combination of primarily qualitative top-down and bottom-up considerations. Sector allocation, and to some extent, security selection, are driven by a blend of top-down and bottom-up analysis. Triasima also evaluates prospective and existing investments with a focus on four key areas: Business and Operations, Historical Performance, Management and Culture, and Sustainability and Growth. Next, the firm uses sophisticated software to screen and grade attractive securities. In their search for factors that enhance value in a portfolio, Triasima has identified specific financial ratios, attributes and other parameters, which they divide into five categories: value, growth, profitability, outlook, and risk. The use of quantitative analysis allows the firm to build portfolios that combine elements of the Value, Growth and Momentum styles and exhibit superior characteristics compared to their respective benchmarks. Finally, Triasima uses a range of technical indicators to monitor securities and assess their current market behavior. The objective is to give priority to securities that are trending up or outperforming the market and avoid those that are trending down or underperforming the market. The technical indicators are divided into three groups based on time horizon (short, medium and long). The short-term horizon is approximately six months, while the long-term horizon is two to three years.

Key Stats and Financials As of 2017
Market Capitalization
$1.55B
Total Enterprise Value
$1.7B
Earnings Per Share
$2.46
Revenue
$158M
EBITDAMargin
78.57%
EBITDA
$124M
Total Equity
$574M
Net Profit
$157M
Total Debt
$0
Enterprise Value Sales
10.74x
Enterprise Value EBITDAOperating
13.67x
TEVNet Income
10.81x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
10.56%
Five Year Compounded Annual Growth Rate Of Revenue
5.03%