TSX:BKI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Black Iron's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.0%

BKI

-1.2%

CA Metals and Mining

-0.5%

CA Market


1 Year Return

64.3%

BKI

50.3%

CA Metals and Mining

-3.5%

CA Market

Return vs Industry: BKI exceeded the Canadian Metals and Mining industry which returned 54.1% over the past year.

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


Shareholder returns

BKIIndustryMarket
7 Day-8.0%-1.2%-0.5%
30 Day-11.5%1.9%3.0%
90 Day-32.4%-3.3%2.4%
1 Year64.3%64.3%51.5%50.3%-0.06%-3.5%
3 Year0%0%56.0%52.9%7.1%-3.3%
5 Year187.5%187.5%155.9%148.0%36.8%15.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Black Iron is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Black Iron 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.


Next Steps

  • Take a look at our analysis of BKI'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 Black Iron regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

23.2%

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.


Next Steps

Past Performance

How has Black Iron performed over the past 5 years?

40.8%

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, but has reduced losses over the past 5 years at a rate of 40.8% 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 (56.4%).


Return on Equity

High ROE: BKI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Black Iron's financial position?


Financial Position Analysis

Short Term Liabilities: BKI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BKI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BKI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BKI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 grow at historical rates of 24.3% each year.


Next Steps

Dividend

What is Black Iron current dividend yield, its reliability and sustainability?


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.


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 BKI'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?

7.9yrs

Average management tenure


CEO

Matt Simpson

9.83yrs

Tenure

US$284,349

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 ($USD284.35K) is above average for companies of similar size in the Canadian market ($USD171.76K).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Simpson
CEO & Director9.83yrsUS$284.35k0.54%
$ 154.3k
Paul Bozoki
Chief Financial Officer9.83yrsUS$83.34k0.36%
$ 102.9k
Les Kwasik
Chief Operating Officer5.92yrsUS$60.00kno data
Stan Bharti
Executive Officerno dataUS$225.30kno data
William Hart
Senior Vice President of Corporate Development2.92yrsno datano data
Damian Lopez
Corporate Secretaryno datano datano data

7.9yrs

Average Tenure

48yo

Average Age

Experienced Management: BKI's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Simpson
CEO & Director9.83yrsUS$284.35k0.54%
$ 154.3k
John Detmold
Independent Director9.83yrsUS$15.30k1.48%
$ 424.5k
Raymond Humphrey
Independent Chairman of the Board9.83yrsUS$18.83k0.25%
$ 71.6k
Pierre Pettigrew
Independent Director9.83yrsUS$9.42k0.30%
$ 84.8k
David Porter
Independent Director9.83yrsUS$11.77k0.050%
$ 14.4k
Daniel Bilak
Member of Ukraine Advisory Board9.17yrsno datano data

9.8yrs

Average Tenure

Experienced Board: BKI's board of directors are considered experienced (9.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BKI insiders have only sold shares 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 34%.


Top Shareholders

Company Information

Black Iron Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Black Iron Inc.
  • Ticker: BKI
  • Exchange: TSX
  • Founded: 2010
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CA$28.712m
  • Shares outstanding: 249.67m
  • Website: https://www.blackiron.com

Number of Employees


Location

  • Black Iron Inc.
  • 65 Queen Street West
  • Suite 805
  • Toronto
  • Ontario
  • M5H 2M5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKITSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2011
BINDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2011
BKIR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2011
0ULQLSE (London Stock Exchange)YesCommon SharesGBCADMar 2011

Biography

Black Iron Inc. operates as an iron ore exploration and development company. The company holds a 100% interest in the Shymanivske iron ore project, which covers an area of 2.56 square kilometers located in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 23:39
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.