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Continental Gold

TSX:CNL
Snowflake Description

Moderate growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNL
TSX
CA$792M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The last earnings update was 68 days ago. More info.


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  • Continental Gold has significant price volatility in the past 3 months.
CNL Share Price and Events
7 Day Returns
-2.9%
TSX:CNL
1.7%
CA Metals and Mining
0%
CA Market
1 Year Returns
3.9%
TSX:CNL
0.8%
CA Metals and Mining
-2.8%
CA Market
CNL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Continental Gold (CNL) -2.9% 28.6% 40.4% 3.9% 24.5% -0.5%
CA Metals and Mining 1.7% 7.9% 7.7% 0.8% -20% -18.9%
CA Market 0% 1% -1.7% -2.8% 8% 1%
1 Year Return vs Industry and Market
  • CNL outperformed the Metals and Mining industry which returned 0.8% over the past year.
  • CNL outperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
CNL
Industry
5yr Volatility vs Market

CNL Value

 Is Continental Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Continental Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Continental Gold.

TSX:CNL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:CNL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 26.5%) (58.25%))
1.338
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.338 * 5.96%)
9.92%

Discounted Cash Flow Calculation for TSX:CNL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Continental Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:CNL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.92%)
2020 -107.00 Analyst x3 -97.34
2021 27.50 Analyst x2 22.76
2022 28.65 Est @ 4.17% 21.57
2023 29.65 Est @ 3.5% 20.31
2024 30.55 Est @ 3.04% 19.04
2025 31.38 Est @ 2.71% 17.79
2026 32.16 Est @ 2.48% 16.58
2027 32.90 Est @ 2.32% 15.44
2028 33.63 Est @ 2.21% 14.35
2029 34.34 Est @ 2.13% 13.34
Present value of next 10 years cash flows $63.83
TSX:CNL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $34.34 × (1 + 1.95%) ÷ (9.92% – 1.95%)
$439.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $439.10 ÷ (1 + 9.92%)10
$170.52
TSX:CNL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $63.83 + $170.52
$234.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $234.35 / 200.02
$1.17
TSX:CNL Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CNL)
1.304
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $1.17 x 1.304
CA$1.53
Value per share (CAD) From above. CA$1.53
Current discount Discount to share price of CA$3.96
= -1 x (CA$3.96 - CA$1.53) / CA$1.53
-159.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Continental Gold is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Continental Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Continental Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CNL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.14
TSX:CNL Share Price ** TSX (2019-07-16) in CAD CA$3.96
TSX:CNL Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $3.04
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.36x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Continental Gold.

TSX:CNL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CNL Share Price ÷ EPS (both in USD)

= 3.04 ÷ -0.14

-21.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Continental Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Continental Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Continental Gold's expected growth come at a high price?
Raw Data
TSX:CNL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.86x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Continental Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Continental Gold's assets?
Raw Data
TSX:CNL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.82
TSX:CNL Share Price * TSX (2019-07-16) in CAD CA$3.96
TSX:CNL Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $3.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.39x
Canada Market PB Ratio Median Figure of 2,440 Publicly-Listed Companies 1.43x
TSX:CNL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CNL Share Price ÷ Book Value per Share (both in USD)

= 3.04 ÷ 0.82

3.7x

* Primary Listing of Continental Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Continental Gold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Continental Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Continental Gold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CNL Future Performance

 How is Continental Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Continental Gold expected to grow at an attractive rate?
  • Continental Gold is expected to become profitable in the next 1-3 years, this is considered above the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Unable to compare Continental Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Continental Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:CNL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:CNL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CNL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 329 101 22 1
2020-12-31 95 -6 1
2019-12-31 -15
TSX:CNL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 -12 -27
2018-12-31 -14 -30
2018-09-30 -12 -25
2018-06-30 -11 -19
2018-03-31 -11 -15
2017-12-31 -10 -8
2017-09-30 -8 -7
2017-06-30 -6 -9
2017-03-31 -5 -3
2016-12-31 -5 -5
2016-09-30 -5 -9
2016-06-30 -6 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Continental Gold is expected to become profitable in the next 1-3 years, this is considered high growth.
  • Unable to determine if Continental Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:CNL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Continental Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CNL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.09 0.09 0.09 1.00
2020-12-31
2019-12-31
TSX:CNL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.14
2018-12-31 -0.16
2018-09-30 -0.13
2018-06-30 -0.10
2018-03-31 -0.08
2017-12-31 -0.05
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.02
2016-12-31 -0.04
2016-09-30 -0.06
2016-06-30 -0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Continental Gold is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Continental Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Continental Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CNL Past Performance

  How has Continental Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Continental Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Continental Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Continental Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Continental Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Continental Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Continental Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CNL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 -27.19 17.00
2018-12-31 -30.45 17.57
2018-09-30 -25.32 16.63
2018-06-30 -19.07 14.77
2018-03-31 -14.87 13.03
2017-12-31 -7.84 11.50
2017-09-30 -7.21 9.45
2017-06-30 -8.74 8.31
2017-03-31 -3.01 7.62
2016-12-31 -4.81 6.63
2016-09-30 -8.62 6.64
2016-06-30 -16.98 6.30
2016-03-31 -17.20 6.54
2015-12-31 -27.98 6.55
2015-09-30 -43.77 6.53
2015-06-30 -47.75 8.58
2015-03-31 -46.25 8.39
2014-12-31 -39.66 8.74
2014-09-30 -22.34 9.28
2014-06-30 -12.13 7.89
2014-03-31 -22.32 9.68
2013-12-31 -25.31 10.32
2013-09-30 -22.64 10.50
2013-06-30 -23.12 10.72
2013-03-31 -13.59 10.26
2012-12-31 -7.93 10.19
2012-09-30 -8.44 10.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Continental Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Continental Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Continental Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Continental Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Continental Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CNL Health

 How is Continental Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Continental Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Continental Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Continental Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Continental Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Continental Gold Company Filings, last reported 3 months ago.

TSX:CNL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 155.27 349.94 85.06
2018-12-31 344.31 266.81 80.71
2018-09-30 360.28 214.02 103.94
2018-06-30 366.09 120.15 58.36
2018-03-31 374.33 73.31 62.21
2017-12-31 371.93 47.92 92.94
2017-09-30 375.81 46.45 129.46
2017-06-30 375.00 45.06 152.73
2017-03-31 247.11 22.22 26.68
2016-12-31 238.08 0.00 21.63
2016-09-30 241.47 0.00 31.35
2016-06-30 242.14 0.00 38.17
2016-03-31 221.20 0.00 22.61
2015-12-31 220.13 0.00 28.61
2015-09-30 227.25 0.00 33.63
2015-06-30 236.36 0.00 43.89
2015-03-31 234.25 0.00 46.06
2014-12-31 242.97 0.00 58.19
2014-09-30 265.67 0.00 75.96
2014-06-30 278.42 0.00 97.09
2014-03-31 275.99 0.00 108.51
2013-12-31 278.75 0.00 118.41
2013-09-30 283.60 0.00 133.62
2013-06-30 285.90 0.00 142.11
2013-03-31 292.08 0.00 160.16
2012-12-31 296.66 0.00 171.27
2012-09-30 214.83 0.00 102.90
  • Continental Gold's level of debt (225.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 225.4% today).
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.

  • Continental Gold has less than a year of cash runway based on current free cash flow.
  • Continental Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 76.1% each year.
X
Financial health checks
We assess Continental Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Continental Gold has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CNL Dividends

 What is Continental Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Continental Gold dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Continental Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Continental Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Continental Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:CNL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:CNL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Continental Gold has not reported any payouts.
  • Unable to verify if Continental Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Continental Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Continental Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Continental Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Continental Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Continental Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Continental Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CNL Management

 What is the CEO of Continental Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ari Sussman
COMPENSATION $1,713,977
AGE 46
TENURE AS CEO 9.3 years
CEO Bio

Ari B. Sussman has over 20 years of experience in both the natural resources and investment markets sectors. Having dedicated the majority of his career to the natural resources industry, Mr. Sussman has been instrumental in sourcing, funding and developing high-quality and high-grade mineral assets. During his career, Mr. Sussman has built a strong network of business contacts throughout Latin America.

CEO Compensation
  • Ari's compensation has increased whilst company is loss making.
  • Ari's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Continental Gold management team in years:

4.4
Average Tenure
53
Average Age
  • The tenure for the Continental Gold management team is about average.
Management Team

Leon Teicher

TITLE
Executive Chairman of the Board
COMPENSATION
$320K
AGE
65

Ari Sussman

TITLE
CEO & Director
COMPENSATION
$2M
AGE
46
TENURE
9.3 yrs

Paul Begin

TITLE
Chief Financial Officer
COMPENSATION
$863K
TENURE
8.2 yrs

Don Gray

TITLE
Chief Operating Officer
COMPENSATION
$866K
AGE
60
TENURE
4.4 yrs

Omar Ossma

TITLE
Vice-President of Legal
TENURE
3.3 yrs

Cheree Scott

TITLE
Corporate Secretary & Manager of Human Resources

Glynnis Frelih

TITLE
Senior VP of Finance & Controller

Ana Vásquez

TITLE
Senior Vice-President of External Affairs & Sustainability
AGE
42
TENURE
0.3 yrs

Jairo Ariza

TITLE
Vice-President of Protection
Board of Directors Tenure

Average tenure and age of the Continental Gold board of directors in years:

4.5
Average Tenure
51
Average Age
  • The tenure for the Continental Gold board of directors is about average.
Board of Directors

Ari Sussman

TITLE
CEO & Director
COMPENSATION
$2M
AGE
46
TENURE
9.3 yrs

Paul Murphy

TITLE
Director
COMPENSATION
$170K
AGE
68
TENURE
9.2 yrs

Leon Teicher

TITLE
Executive Chairman of the Board
COMPENSATION
$320K
AGE
65
TENURE
5.3 yrs

Ken Thomas

TITLE
Lead Director
COMPENSATION
$210K
TENURE
4.1 yrs

Chris Sattler

TITLE
Director
COMPENSATION
$168K
AGE
44
TENURE
2.4 yrs

Claudia Jiménez Jaramillo

TITLE
Director
COMPENSATION
$155K
AGE
51
TENURE
5 yrs

Martín Carrizosa Calle

TITLE
Director
COMPENSATION
$155K
TENURE
3.3 yrs

Steve Gottesfeld

TITLE
Director
AGE
51
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Jan 19 Buy Leon Teicher Individual 17. Jan 19 17. Jan 19 13,000 CA$1.96 CA$25,480
21. Dec 18 Buy Ari Sussman Individual 20. Dec 18 20. Dec 18 30,000 CA$2.13 CA$63,760
25. Dec 18 Buy Ari Sussman Individual 24. Dec 18 24. Dec 18 20,000 CA$2.05 CA$40,986
20. Dec 18 Buy Leon Teicher Individual 19. Dec 18 19. Dec 18 25,000 CA$2.12 CA$53,000
20. Dec 18 Buy Ari Sussman Individual 19. Dec 18 19. Dec 18 2,000 CA$2.13 CA$4,260
26. Oct 18 Buy Ari Sussman Individual 26. Oct 18 26. Oct 18 9,000 CA$2.36 CA$21,200
03. Oct 18 Buy Martín Carrizosa Calle Individual 03. Oct 18 03. Oct 18 23,600 CA$2.53 CA$59,765
03. Oct 18 Buy Ari Sussman Individual 02. Oct 18 02. Oct 18 12,000 CA$2.68 CA$31,780
20. Sep 18 Buy Paul Begin Individual 19. Sep 18 19. Sep 18 1,150 CA$3.29 CA$3,783
11. Sep 18 Buy Martín Carrizosa Calle Individual 11. Sep 18 11. Sep 18 20,200 CA$3.13 CA$63,315
11. Sep 18 Buy Kenneth Thomas Individual 10. Sep 18 10. Sep 18 7,590 CA$3.26 CA$24,749
11. Sep 18 Buy Paul Begin Individual 11. Sep 18 11. Sep 18 7,000 CA$3.18 CA$22,244
10. Sep 18 Buy Martín Carrizosa Calle Individual 07. Sep 18 10. Sep 18 68,870 CA$3.25 CA$220,431
10. Sep 18 Buy Leon Teicher Individual 07. Sep 18 07. Sep 18 30,000 CA$3.17 CA$95,115
X
Management checks
We assess Continental Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Continental Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CNL News

Simply Wall St News

What Type Of Shareholder Owns Continental Gold Inc.'s (TSE:CNL)?

With a market capitalization of CA$574m, Continental Gold is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Continental Gold TSX:CNL Ownership Summary, June 15th 2019 What Does The Institutional Ownership Tell Us About Continental Gold? … As you can see, institutional investors own 38% of Continental Gold.

Simply Wall St -

Read This Before Selling Continental Gold Inc. (TSE:CNL) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Continental Gold Inc. … Continental Gold Insider Transactions Over The Last Year. … In the last twelve months, the biggest single purchase by an insider was when Director Martín Carrizosa bought CA$220k worth of shares at a price of CA$3.25 per share.

Simply Wall St -

Do Institutions Own Continental Gold Inc. (TSE:CNL) Shares?

The big shareholder groups in Continental Gold Inc. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of CA$466m, Continental Gold is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Have Insiders Been Buying Continental Gold Inc. (TSE:CNL) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Continental Gold Inc. … Continental Gold Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Continental Gold insiders

Simply Wall St -

When Will Continental Gold Inc (TSE:CNL) Become Profitable?

Continental Gold Inc's (TSE:CNL):. … Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. … The company’s loss has recently broadened since it announced a -US$7.8m loss in the full financial year, compared to the latest trailing-twelve-month loss of -US$18.3m, moving it further away from breakeven.

Simply Wall St -

What Investors Should Know About Continental Gold Inc's (TSE:CNL) Financial Strength

While small-cap stocks, such as Continental Gold Inc (TSE:CNL) with its market cap of CA$471m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Who Are The Major Shareholders Of Continental Gold Inc (TSE:CNL)?

In this article, I will take a quick look at Continental Gold Inc’s (TSE:CNL) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Continental Gold Inc's (TSE:CNL) Profit Outlook

Continental Gold Inc's (TSE:CNL):. … Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. … With the latest financial year loss of -CA$7.84m and a trailing-twelve month of -CA$7.88m, the CA$677.90m market-cap amplifies its loss by moving further away from its breakeven target?

Simply Wall St -

What Does Continental Gold Inc's (TSE:CNL) Ownership Structure Look Like?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Public Company Ownership Another group of owners that a potential investor in CNL should consider are other public companies, with a stake of 19.85%. … Thus, investors should dig deeper into CNL's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: CNL's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Is Continental Gold Inc (TSE:CNL) A Financially Sound Company?

In the previous 12 months, CNL's rose by about US$47.92M – this includes both the current and long-term debt. … TSX:CNL Historical Debt Apr 8th 18 Is CNL’s debt level acceptable? … CNL's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: CNL’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

CNL Company Info

Description

Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 75,414 hectares. Its flagship project is the Buriticá project comprising 23 concessions covering an area of 29,465 hectares and 60 concession applications totaling an area of 46,219 hectares located to the northwest of Medellín in the Antioquia Department in north-western Colombia. Continental Gold Inc. was founded in 2007 and is headquartered in Toronto, Canada.

Details
Name: Continental Gold Inc.
CNL
Exchange: TSX
Founded: 2007
CA$792,078,906
200,019,926
Website: http://www.continentalgold.com
Address: Continental Gold Inc.
155 Wellington Street West,
Suite 2920,
Toronto,
Ontario, M5V 3H1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CNL New Common Shares The Toronto Stock Exchange CA CAD 19. Apr 2010
OTCPK CGOO.F New Common Shares Pink Sheets LLC US USD 19. Apr 2010
DB 7C0 New Common Shares Deutsche Boerse AG DE EUR 19. Apr 2010
Number of employees
Current staff
Staff numbers
936
Continental Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:46
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.