ASX:BDG

Stock Analysis Report

Executive Summary

Black Dragon Gold Corp. acquires, explores for, and evaluates assets in Spain.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Black Dragon Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

BDG

3.8%

AU Metals and Mining

0.3%

AU Market


1 Year Return

-40.0%

BDG

-21.2%

AU Metals and Mining

-22.9%

AU Market

Return vs Industry: BDG underperformed the Australian Metals and Mining industry which returned -21.2% over the past year.

Return vs Market: BDG underperformed the Australian Market which returned -22.9% over the past year.


Shareholder returns

BDGIndustryMarket
7 Day-6.3%3.8%0.3%
30 Day-16.7%-19.5%-27.8%
90 Day-25.0%-25.1%-30.0%
1 Year-40.0%-40.0%-16.8%-21.2%-19.4%-22.9%
3 Yearn/a24.4%8.6%-8.3%-20.8%
5 Yearn/a56.2%19.0%2.9%-20.3%

Price Volatility Vs. Market

How volatile is Black Dragon Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Black Dragon Gold undervalued compared to its fair value and its price relative to the market?

3.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BDG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BDG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BDG is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: BDG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BDG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BDG is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Black Dragon Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

Forecasted Materials industry annual growth in earnings


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 Black Dragon Gold 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Black Dragon Gold performed over the past 5 years?

44.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDG is currently unprofitable.

Growing Profit Margin: BDG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BDG is unprofitable, but has reduced losses over the past 5 years at a rate of 44.7% per year.

Accelerating Growth: Unable to compare BDG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BDG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7%).


Return on Equity

High ROE: BDG has a negative Return on Equity (-149.73%), as it is currently unprofitable.


Next Steps

Financial Health

How is Black Dragon Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BDG's short term assets (CA$2.2M) exceed its short term liabilities (CA$410.3K).

Long Term Liabilities: BDG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BDG is debt free.

Reducing Debt: BDG has no debt compared to 5 years ago when its debt to equity ratio was 97.9%.


Balance Sheet

Inventory Level: BDG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BDG's debt is covered by short term assets.


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.

Stable Cash Runway: BDG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BDG has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.8% each year.


Next Steps

Dividend

What is Black Dragon Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BDG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BDG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BDG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BDG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BDG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Black Dragon Gold has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Cronin
Executive Director2.67yrsCA$258.88kno data
Sean Joseph Duffy
CFO & Joint Company Secretary2.17yrsno datano data
Gabriel Chiappini
Joint Company Secretary0.58yrno datano data

1.2yrs

Average Tenure

Experienced Management: BDG's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul Cronin
Executive Director2.67yrsCA$258.88kno data
Alberto Arsenio Lavandeira Adan
Independent Non-Executive Director2.67yrsCA$51.33k0.44% CA$29.5k
Jonathan Battershill
Non-Executive Chairman2.67yrsCA$86.85k1.17% CA$78.8k
Richard Monti
Independent Non-Executive Director2.67yrsCA$52.26kno data

2.7yrs

Average Tenure

55yo

Average Age

Experienced Board: BDG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.7%.


Top Shareholders

Company Information

Black Dragon Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Black Dragon Gold Corp.
  • Ticker: BDG
  • Exchange: ASX
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$6.716m
  • Shares outstanding: 111.93m
  • Website: https://www.blackdragongold.com

Number of Employees


Location

  • Black Dragon Gold Corp.
  • Stamford House
  • Second Floor
  • Cheltenham
  • Gloucestershire
  • GL50 1HN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDGTSXV (TSX Venture Exchange)Common SharesCACADFeb 2008
ATRG.FOTCPK (Pink Sheets LLC)Common SharesUSUSDFeb 2008
BDGASX (Australian Securities Exchange)YesNPV CDI 1:1AUAUDAug 2018
BDGCHIA (Chi-X Australia)YesNPV CDI 1:1AUAUDAug 2018
BDGC.FOTCPK (Pink Sheets LLC)YesNPV CDI 1:1USUSDAug 2018

Biography

Black Dragon Gold Corp. acquires, explores for, and evaluates assets in Spain. It owns 100% interests in the Salave gold project that comprises five mining concessions covering 662 hectares located in the province of Asturias, Spain. The company was formerly known as Astur Gold Corp. and changed its name to Black Dragon Gold Corp. in October 2016. Black Dragon Gold Corp. was incorporated in 2007 and is headquartered in Cheltenham, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 10:55
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.