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
In this section, we usually try to help investors determine whether Intercontinental Gold and Metals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Intercontinental Gold and Metals has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Intercontinental Gold and Metals. This is due to cash flow or dividend data being
unavailable. The share price is
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
Intercontinental Gold and Metals's
is considered below, and whether this is a fair price.
Price based on past earnings
Intercontinental Gold and Metals's earnings available for a low price, and how does
this compare to other companies in the same industry?
Intercontinental Gold and Metals has negative assets, we can't compare the value of its assets to the CA Trade Distributors industry average.
Take a look at our analysis of ICAU’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Intercontinental Gold and Metals's regulatory filings and announcements.
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 Intercontinental Gold and Metals 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Intercontinental Gold and Metals
expected to grow at an
Unable to compare Intercontinental Gold and Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Intercontinental Gold and Metals's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Intercontinental Gold and Metals's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Intercontinental Gold and Metals is high growth as no earnings estimate data is available.
Unable to determine if Intercontinental Gold and Metals is high growth as no revenue estimate data is available.
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.
All data from Intercontinental Gold and Metals Company Filings, last reported 5 months ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
TSXV:ICAU Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions)
Net Income *
*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
It is difficult to establish if Intercontinental Gold and Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
It is difficult to establish if Intercontinental Gold and Metals has efficiently used its assets last year compared to the CA Trade Distributors industry average (Return on Assets) as it is loss-making.
It is difficult to establish if Intercontinental Gold and Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Intercontinental Gold and Metals's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Intercontinental Gold and Metals
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Intercontinental Gold and Metals's finances.
The net worth of a company is the difference between its assets and liabilities.
Intercontinental Gold and Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Intercontinental Gold and Metals's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Intercontinental Gold and Metals'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Intercontinental Gold and Metals has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Gorden Glenn, also known as Gord, serves as President, CEO and Director of Minnova Corp. Mr. Glenn serves as the Chairman of the Board, President and CEO at Geodex Minerals Ltd. He has extensive experience in the mining sector, having held senior positions with a number of major Canadian Banks and Securities firms focused on large, medium and small cap mining and exploration companies. His financial market experience includes mine finance, M&A, and project evaluation. He has considerable experience in directing and executing exploration programs gained during his employment with Kennecott Canada Inc. and Inmet Mining Corporation. Mr. Glenn serves as an Executive at Intercontinental Gold and Metals Ltd. Mr. Glenn also served as President and CEO of Foran Mining Corporation. He holds an Honours Bachelor of Science degree in Geological Sciences from Queen's University.
Gord's compensation has increased whilst company is loss making.
Gord's remuneration is higher than average for companies of similar size in Canada.
Interim CFO & Director
Board of Directors Tenure
Average tenure and age of the
Intercontinental Gold and Metals
board of directors in years:
The average tenure for the Intercontinental Gold and Metals board of directors is less than 3 years, this suggests a new board.
Is Intercontinental Gold and Metals Ltd. (CVE:ICAU) Excessively Paying Its CEO?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Gord Glenn's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below CA$266m
Do Directors Own Intercontinental Gold and Metals Ltd. (CVE:ICAU) Shares?
Every investor in Intercontinental Gold and Metals Ltd. … Intercontinental Gold and Metals is a smaller company with a market capitalization of CA$5.8m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Intercontinental Gold and Metals
Do Insiders Own Shares In Intercontinental Gold and Metals Ltd (CVE:ICAU)?
A look at the shareholders of Intercontinental Gold and Metals Ltd (CVE:ICAU) can tell us which group is most powerful. … Intercontinental Gold and Metals is a smaller company with a market capitalization of CA$7m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Intercontinental Gold and Metals
Is Intercontinental Gold and Metals Ltd's (CVE:ICAU) CEO Paid Enough To Stay Motivated?
Leading Intercontinental Gold and Metals Ltd (CVE:ICAU) as the CEO, Gord Glenn took the company to a valuation of CA$9.22m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Check out our latest analysis for Intercontinental Gold and Metals
Should You Worry About Intercontinental Gold and Metals Ltd's (CVE:ICAU) CEO Salary Level?
Performance can be measured based on factors such as earnings and total shareholder return (TSR). … While one size does not fit all, as compensation should account for specific factors of the company and market, we can fashion a high-level base line to see if ICAU is an outlier. … Usually I'd use market cap and profit as factors determining performance, however, ICAU's negative earnings reduces the usefulness of my formula.
Intercontinental Gold and Metals Ltd's (CVE:ICAU) Earnings Dropped -128.04%, How Did It Fare Against The Industry?
Measuring Intercontinental Gold and Metals Ltd's (TSXV:ICAU) track record of past performance is an insightful exercise for investors. … Each year, for the past half a decade Intercontinental Gold and Metals's top-line more than doubled on average, implying that the business is in a high-growth period with expenses shooting ahead of revenues, leading to annual losses. … Though Intercontinental Gold and Metals's past data is helpful, it is only one aspect of my investment thesis.
How Should You Think About Intercontinental Gold and Metals Ltd's (TSXV:ICAU) Risks?
A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, ICAU may be a stock for investors with a portfolio mainly made up of low-beta stocks. … How ICAU's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.
Intercontinental Gold and Metals Ltd. engages in marketing gold and other commodities to artisanal miners and gold refiners. The company was formerly known as Geodex Minerals Ltd. and changed its name to Intercontinental Gold and Metals Ltd. in November 2017. Intercontinental Gold and Metals Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.
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