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BKI

Black Iron TSX:BKI Stock Report

Last Price

CA$0.09

Market Cap

CA$28.9m

7D

0%

1Y

-80.0%

Updated

17 May, 2022

Data

Company Financials
BKI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BKI Stock Overview

Black Iron Inc. operates as an iron ore exploration and development company.

Black Iron Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Black Iron
Historical stock prices
Current Share PriceCA$0.09
52 Week HighCA$0.55
52 Week LowCA$0.085
Beta2.01
1 Month Change-33.33%
3 Month Change-52.63%
1 Year Change-80.00%
3 Year Change12.50%
5 Year Change-25.00%
Change since IPO-93.71%

Recent News & Updates

Apr 21
We Think Black Iron (TSE:BKI) Needs To Drive Business Growth Carefully

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...

Nov 08
We Think Black Iron (TSE:BKI) Can Afford To Drive Business Growth

We Think Black Iron (TSE:BKI) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, Black Iron ( TSE:BKI...

Shareholder Returns

BKICA Metals and MiningCA Market
7D0%-2.3%0.8%
1Y-80.0%-12.0%4.3%

Return vs Industry: BKI underperformed the Canadian Metals and Mining industry which returned -12% over the past year.

Return vs Market: BKI underperformed the Canadian Market which returned 4.3% over the past year.

Price Volatility

Is BKI's price volatile compared to industry and market?
BKI volatility
BKI Average Weekly Movement18.5%
Metals and Mining Industry Average Movement10.6%
Market Average Movement9.7%
10% most volatile stocks in CA Market16.6%
10% least volatile stocks in CA Market4.2%

Stable Share Price: BKI is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: BKI's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
20109Matt Simpsonhttps://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

How do Black Iron's earnings and revenue compare to its market cap?
BKI fundamental statistics
Market CapUS$22.48m
Earnings (TTM)-US$7.35m
Revenue (TTM)n/a

0.0x

P/S Ratio

-2.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKI income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$7.35m
Earnings-US$7.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.024
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did BKI perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


8.17x

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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.4%

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

0/6

Past 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 (-5.8%).


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

4/6

Financial 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

0/6

Dividend 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.


Next Steps

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 ($USD503.94K) is above average for companies of similar size in the Canadian market ($USD170.43K).

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$28.861m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.