CNSX:CBK

Stock Analysis Report

Copperbank Resources

Executive Summary

CopperBank Resources Corp., an exploration stage company, engages in the acquisition and development of mineral properties in the United States.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Copperbank Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-20.0%

CBK

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-50.0%

CBK

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: CBK underperformed the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: CBK underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

CBKIndustryMarket
7 Day-20.0%-6.0%-6.2%
30 Day-20.0%-1.0%-5.0%
90 Day-11.1%4.9%-2.8%
1 Year-50.0%-50.0%2.9%2.2%1.1%-2.0%
3 Year-46.7%-46.7%-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

How volatile is Copperbank Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Copperbank Resources undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CBK is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Copperbank Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

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 Copperbank Resources 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 Copperbank Resources performed over the past 5 years?

42.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBK is currently unprofitable.

Growing Profit Margin: CBK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CBK is unprofitable, but has reduced losses over the past 5 years at a rate of 42% per year.

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

Earnings vs Industry: CBK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: CBK has a negative Return on Equity (-12.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Copperbank Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CBK's short term assets (CA$222.7K) do not cover its short term liabilities (CA$420.2K).

Long Term Liabilities: CBK's short term assets (CA$222.7K) do not cover its long term liabilities (CA$329.2K).


Debt to Equity History and Analysis

Debt Level: CBK's debt to equity ratio (3.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CBK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: CBK has a high level of physical assets or inventory.

Debt Coverage by Assets: CBK's debt is not covered by short term assets (assets are 0.6x debt).


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: CBK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CBK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -25.4% each year


Next Steps

Dividend

What is Copperbank Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate CBK'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 CBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CBK'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 CBK's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

John Kovacevic (44yo)

1yrs

Tenure

CA$240,000

Compensation

Mr. John Gianni Kovacevic is Chief Executive Officer of CopperBank Resources Corp. since February 28, 2019 and serves as its Director since October 21, 2014. Mr. Kovacevic was Executive Chairman of CopperB ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD180.42K) is about average for companies of similar size in the Canadian market ($USD156.06K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Kovacevic
CEO & Director1yrsCA$240.00k5.94% CA$723.4k
Antonio Ricci
CFO & Director4.7yrsCA$101.25k0.65% CA$79.6k
Brigitte Dejou
Technical Advisor0yrsCA$20.19kno data
Sheryl Elsdon
Company Secretary0yrsno datano data
Terence Ortslan
Engineering Advisor0yrsno datano data
Todd Hilditch
Strategic Advisor3.4yrsCA$25.00kno data

3.4yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CBK's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Kovacevic
CEO & Director1yrsCA$240.00k5.94% CA$723.4k
Antonio Ricci
CFO & Director4.7yrsCA$101.25k0.65% CA$79.6k
Giulio Bonifacio
Chairman1yrsCA$150.00k3.57% CA$435.0k
Kenneth Cunningham
Independent Director3.8yrsno data0.0033% CA$400.4
Steven Bastable
Independent Director1.5yrsno data0.82% CA$99.6k
Gavin Dirom
Independent Director2.6yrsno data0.059% CA$7.2k

3.2yrs

Average Tenure

57yo

Average Age

Experienced Board: CBK's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CBK insiders have sold more shares than they have bought 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 46.4%.


Top Shareholders

Company Information

Copperbank Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Copperbank Resources Corp.
  • Ticker: CBK
  • Exchange: CNSX
  • Founded: 2014
  • Industry: Copper
  • Sector: Materials
  • Market Cap: CA$12.171m
  • Shares outstanding: 304.28m
  • Website: https://www.copperbankcorp.com

Location

  • Copperbank Resources Corp.
  • 409 Granville Street
  • Suite 1500
  • Vancouver
  • British Columbia
  • V6C 1T2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9CPDB (Deutsche Boerse AG)YesNew Common SharesDEEURDec 2014
CPPK.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDDec 2014
CBKCNSX (Canadian National Stock Exchange)YesNew Common SharesCACADDec 2014

Biography

CopperBank Resources Corp., an exploration stage company, engages in the acquisition and development of mineral properties in the United States. It holds a 100% interest in the Copper Creek project that covers an area of 16 square miles located in Pinal County, Arizona; and the Contact copper project consisting of 156 patented claims covering an area of approximately 2,650 acres and 219 unpatented claims covering an area of approximately 3,285 acres situated in Elko County, Nevada. The company also holds interests in the Pyramid copper project; and San Diego project that covers an area of 40 square kilometers situated in the Alaska Peninsula. CopperBank Resources Corp. was incorporated in 2014 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:25
End of Day Share Price2020/02/27 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.