| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
BKI Stock Overview
Black Iron Inc. operates as an iron ore exploration and development company.
Black Iron Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.09 |
| 52 Week High | CA$0.55 |
| 52 Week Low | CA$0.085 |
| Beta | 2.01 |
| 1 Month Change | -14.29% |
| 3 Month Change | -35.71% |
| 1 Year Change | -80.85% |
| 3 Year Change | 38.46% |
| 5 Year Change | -18.18% |
| Change since IPO | -93.71% |
Recent News & Updates
We Think Black Iron (TSE:BKI) Needs To Drive Business Growth Carefully
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Shareholder Returns
| BKI | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -5.3% | 3.1% | 0.2% |
| 1Y | -80.9% | -7.4% | 4.8% |
Return vs Industry: BKI underperformed the Canadian Metals and Mining industry which returned -7.4% over the past year.
Return vs Market: BKI underperformed the Canadian Market which returned 4.8% over the past year.
Price Volatility
| BKI volatility | |
|---|---|
| BKI Average Weekly Movement | 15.9% |
| Metals and Mining Industry Average Movement | 10.9% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 17.0% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: BKI is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: BKI's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | 9 | Matt Simpson | https://blackiron.com |
Black Iron Inc. operates as an iron ore exploration and development company. It holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. The company was incorporated in 2010 and is headquartered in Toronto, Canada.
Black Iron Fundamentals Summary
| BKI fundamental statistics | |
|---|---|
| Market Cap | US$21.40m |
| Earnings (TTM) | -US$7.35m |
| Revenue (TTM) | n/a |
0.0x
P/S Ratio-2.9x
P/E RatioIs BKI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BKI income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | US$7.35m |
| Earnings | -US$7.35m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.024 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did BKI perform over the long term?
See historical performance and comparisonValuation
Is Black Iron undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
8.21x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BKI's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate BKI's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: BKI is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.
PE vs Market: BKI 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 BKI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BKI is overvalued based on its PB Ratio (8.2x) compared to the CA Metals and Mining industry average (2x).
Future Growth
How is Black Iron forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.2%
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 Iron 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.
Past Performance
How has Black Iron performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-31.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKI is currently unprofitable.
Growing Profit Margin: BKI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BKI is unprofitable, and losses have increased over the past 5 years at a rate of 31.1% per year.
Accelerating Growth: Unable to compare BKI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BKI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.3%).
Return on Equity
High ROE: BKI has a negative Return on Equity (-282.07%), as it is currently unprofitable.
Financial Health
How is Black Iron's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: BKI's short term assets ($3.9M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: BKI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BKI is debt free.
Reducing Debt: BKI had no debt 5 years ago.
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: BKI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BKI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.5% each year
Dividend
What is Black Iron current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BKI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BKI'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 BKI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BKI'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 BKI has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
11.4yrs
Average management tenure
CEO
Matt Simpson
11.42yrs
Tenure
US$503,940
Compensation
Mr. Matthew Simpson, also known as Matt, P.Eng., has been the Chief Executive Officer and President at Forbes & Manhattan, Inc. since September 2014. Mr. Simpson has been the Chief Executive Officer of Bla...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD503.94K) is above average for companies of similar size in the Canadian market ($USD168.83K).
Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: BKI's management team is seasoned and experienced (11.4 years average tenure).
Board Members
Experienced Board: BKI's board of directors are seasoned and experienced ( 11.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BKI 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 15.6%.
Top Shareholders
Company Information
Black Iron Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Black Iron Inc.
- Ticker: BKI
- Exchange: TSX
- Founded: 2010
- Industry: Steel
- Sector: Materials
- Implied Market Cap: CA$27.342m
- Shares outstanding: 303.80m
- Website: https://blackiron.com
Number of Employees
Location
- Black Iron Inc.
- 198 Davenport Road
- Toronto
- Ontario
- M5R 1J2
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/23 00:00 |
| End of Day Share Price | 2022/05/20 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.