Black Iron Inc. operates as an iron ore exploration and development company. More Details
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
6 months ago | Simply Wall StDo Institutions Own Black Iron Inc. (TSE:BKI) Shares?
8 months ago | Simply Wall StDoes Black Iron Inc. (TSE:BKI) Have A Particularly Volatile Share Price?
10 months ago | Simply Wall StHave Insiders Been Selling Black Iron Inc. (TSE:BKI) Shares This Year?
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.
- 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.
How is Black Iron forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
- Black Iron competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Black Iron performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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.
|CEO & Director||9.83yrs||US$284.35k||0.54% |
|Chief Financial Officer||9.83yrs||US$83.34k||0.36% |
|Chief Operating Officer||5.92yrs||US$60.00k||no data|
|Executive Officer||no data||US$225.30k||no data|
|Senior Vice President of Corporate Development||2.92yrs||no data||no data|
|Corporate Secretary||no data||no data||no data|
Experienced Management: BKI's management team is seasoned and experienced (7.9 years average tenure).
|CEO & Director||9.83yrs||US$284.35k||0.54% |
|Independent Director||9.83yrs||US$15.30k||1.48% |
|Independent Chairman of the Board||9.83yrs||US$18.83k||0.25% |
|Independent Director||9.83yrs||US$9.42k||0.30% |
|Independent Director||9.83yrs||US$11.77k||0.050% |
|Member of Ukraine Advisory Board||9.17yrs||no data||no data|
Experienced Board: BKI's board of directors are considered experienced (9.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34%.
Black Iron Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Black Iron Inc.
- 65 Queen Street West
- Suite 805
- M5H 2M5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BKI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2011|
|BIN||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2011|
|BKIR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2011|
|0ULQ||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Mar 2011|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/22 23:39|
|End of Day Share Price||2020/10/22 00:00|
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.