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IRV

Irving Resources CNSX:IRV Stock Report

Last Price

CA$0.73

Market Cap

CA$52.8m

7D

-14.1%

1Y

-39.2%

Updated

26 Sep, 2022

Data

Company Financials
IRV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

IRV Stock Overview

Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan.

Irving Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Irving Resources
Historical stock prices
Current Share PriceCA$0.73
52 Week HighCA$1.84
52 Week LowCA$0.63
Beta0.51
1 Month Change-23.96%
3 Month Change-27.72%
1 Year Change-39.17%
3 Year Change-69.96%
5 Year Change-19.78%
Change since IPO563.64%

Recent News & Updates

Shareholder Returns

IRVCA Metals and MiningCA Market
7D-14.1%-8.2%-6.4%
1Y-39.2%-17.2%-8.4%

Return vs Industry: IRV underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: IRV underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is IRV's price volatile compared to industry and market?
IRV volatility
IRV Average Weekly Movement11.9%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: IRV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: IRV's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aAkiko Levinsonhttps://www.irvresources.com

Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan. It also explores for silver and rare earth elements. The company holds interest in the Omui property that covers an area of 2.98 square kilometers; the Shimokawa property covering an area of 48.50 square kilometers; the Utanobori property that covers an area of 121.55 square kilometers; the Engaru property that covers an area of 84.42 square kilometers; the Noto property covering an area of 337.37 square kilometers; the Yamagano property; and the Eniwa project, which comprises an area of 56.15 square kilometers located in Japan.

Irving Resources Fundamentals Summary

How do Irving Resources's earnings and revenue compare to its market cap?
IRV fundamental statistics
Market CapCA$52.76m
Earnings (TTM)-CA$1.97m
Revenue (TTM)n/a

0.0x

P/S Ratio

-26.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRV income statement (TTM)
RevenueCA$0
Cost of RevenueCA$28.93k
Gross Profit-CA$28.93k
Other ExpensesCA$1.95m
Earnings-CA$1.97m

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did IRV perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IRV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IRV?

Other financial metrics that can be useful for relative valuation.

IRV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-18.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does IRV's PB Ratio compare to its peers?

IRV PB Ratio vs Peers
The above table shows the PB ratio for IRV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.4x
WVM West Vault Mining
1.2xn/aCA$52.3m
MJS Majestic Gold
0.4xn/aCA$52.1m
WHN Westhaven Gold
1.9xn/aCA$53.4m
JG Japan Gold
1.9xn/aCA$51.7m
IRV Irving Resources
1.4xn/aCA$52.8m

Price-To-Book vs Peers: IRV is expensive based on its Price-To-Book Ratio (1.4x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does IRV's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: IRV is good value based on its Price-To-Book Ratio (1.4x) compared to the Canadian Metals and Mining industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is IRV's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IRV PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate IRV's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IRV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IRV's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IRV's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.5%

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 Irving 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.


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  • Examine Irving Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Irving Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Irving Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-22.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IRV is currently unprofitable.

Growing Profit Margin: IRV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IRV is unprofitable, and losses have increased over the past 5 years at a rate of 22.6% per year.

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

Earnings vs Industry: IRV is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.3%).


Return on Equity

High ROE: IRV has a negative Return on Equity (-5.3%), as it is currently unprofitable.


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Financial Health

How is Irving Resources's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IRV's short term assets (CA$7.7M) exceed its short term liabilities (CA$1.2M).

Long Term Liabilities: IRV's short term assets (CA$7.7M) exceed its long term liabilities (CA$20.1K).


Debt to Equity History and Analysis

Debt Level: IRV is debt free.

Reducing Debt: IRV has not had any debt for past 5 years.


Balance Sheet


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: IRV has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IRV has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 30.1% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Irving Resources Dividend Yield vs Market
How does Irving Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Irving Resources)n/a
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.9%
Analyst forecast in 3 Years (Irving Resources)n/a

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IRV has not reported any payouts.


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Management

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

2.7yrs

Average management tenure


CEO

Akiko Levinson (67 yo)

7.08yrs

Tenure

CA$72,000

Compensation

Mrs. Akiko Levinson has been the Chief Executive Officer and President of Irving Resources Inc. since September 23, 2015 and August 28, 2015. Mrs. Levinson has experience to the market, has extensive exper...


CEO Compensation Analysis

Akiko Levinson's Compensation vs Irving Resources Earnings
How has Akiko Levinson's remuneration changed compared to Irving Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
May 31 2022n/an/a

-CA$2m

Feb 28 2022CA$72kCA$72k

-CA$3m

Nov 30 2021n/an/a

-CA$4m

Aug 31 2021n/an/a

-CA$5m

May 31 2021n/an/a

-CA$6m

Feb 28 2021n/an/a

-CA$5m

Nov 30 2020n/an/a

-CA$5m

Aug 31 2020n/an/a

-CA$5m

May 31 2020n/an/a

-CA$4m

Feb 29 2020CA$72kCA$72k

-CA$3m

Nov 30 2019n/an/a

-CA$2m

Aug 31 2019n/an/a

-CA$3m

May 31 2019n/an/a

-CA$3m

Feb 28 2019CA$72kCA$72k

-CA$3m

Nov 30 2018n/an/a

-CA$3m

Aug 31 2018n/an/a

-CA$2m

May 31 2018n/an/a

-CA$2m

Feb 28 2018CA$66kCA$66k

-CA$2m

Nov 30 2017n/an/a

-CA$1m

Aug 31 2017n/an/a

-CA$1m

May 31 2017n/an/a

-CA$861k

Feb 28 2017CA$48kCA$48k

-CA$748k

Feb 29 2016CA$14kCA$14k

-CA$340k

Compensation vs Market: Akiko's total compensation ($USD52.54K) is below average for companies of similar size in the Canadian market ($USD179.12K).

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


Leadership Team

Experienced Management: IRV's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: IRV's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IRV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

CNSX:IRV Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
24 Aug 22BuyCA$9,555Akiko LevinsonIndividual10,000CA$0.96
12 Jul 22BuyCA$100,000Akiko LevinsonIndividual100,000CA$1.00
12 May 22SellCA$30,606Eric SprottIndividual26,700CA$1.15
26 Jan 22BuyCA$5,775Douglas BuchananIndividual5,500CA$1.05

Ownership Breakdown

What is the ownership structure of IRV?
Owner TypeNumber of SharesOwnership Percentage
Institutions887,8001.2%
Public Companies13,269,70718.4%
Individual Insiders13,643,20618.9%
General Public44,478,68761.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Top 8 shareholders own 38.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.36%
Newmont Corporation
13,269,707CA$9.7m52.67%no data
9.35%
Eric Sprott
6,759,528CA$4.9m-0.39%no data
4.79%
Akiko Levinson
3,464,679CA$2.5m3.28%no data
3.15%
Quinton Hennigh
2,273,500CA$1.7m0%no data
1.23%
Euro Pacific Asset Management, LLC
887,800CA$648.1k-1.66%0.09%
0.8%
Kevin Box
577,000CA$421.2k0%no data
0.55%
Douglas Buchanan
400,499CA$292.4k0%no data
0.23%
Lisa Sharp
168,000CA$122.6k0%no data

Company Information

Irving Resources Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Irving Resources Inc.
  • Ticker: IRV
  • Exchange: CNSX
  • Founded: 2015
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$52.764m
  • Shares outstanding: 72.28m
  • Website: https://www.irvresources.com

Location

  • Irving Resources Inc.
  • 999 Canada Place
  • Suite 404
  • Vancouver
  • British Columbia
  • V6C 3E2
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IRVCNSX (Canadian National Stock Exchange)YesCommon SharesCACADDec 2015
IRVR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2015
1IRDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2015
1IRBST (Boerse-Stuttgart)YesCommon SharesDEEURDec 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/05/31
Annual Earnings2022/02/28


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.