TSX:CXN

Stock Analysis Report

Chalice Gold Mines

Executive Summary

Chalice Gold Mines Limited operates as a mineral exploration company in Australia and Canada.

Risk Analysis

Earnings have declined by -13.22% per year over past 5 years

Makes less than USD$1m in revenue (A$671K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (CA$82M)



Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Chalice Gold Mines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CXN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CXN

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

54.2%

CXN

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: CXN exceeded the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: CXN exceeded the Canadian Market which returned 5.8% over the past year.


Shareholder returns

CXNIndustryMarket
7 Day0%2.4%0.6%
30 Day0%1.2%0.5%
90 Day15.6%6.6%3.6%
1 Year54.2%54.2%5.0%4.4%9.1%5.8%
3 Year47.5%8.8%-10.4%-11.9%15.4%5.0%
5 Year150.7%85.0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

How volatile is Chalice Gold Mines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Chalice Gold Mines undervalued compared to its fair value and its price relative to the market?

3.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CXN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CXN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CXN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: CXN 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 CXN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CXN is overvalued based on its PB Ratio (3.7x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Chalice Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

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 Chalice Gold Mines 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 Chalice Gold Mines performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CXN is currently unprofitable.

Growing Profit Margin: CXN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CXN is unprofitable, and losses have increased over the past 5 years at a rate of -13.2% per year.

Accelerating Growth: Unable to compare CXN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CXN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: CXN has a negative Return on Equity (-31.02%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Chalice Gold Mines's financial position?


Financial Position Analysis

Short Term Liabilities: CXN's short term assets (A$22.1M) exceed its short term liabilities (A$961.1K).

Long Term Liabilities: CXN's short term assets (A$22.1M) exceed its long term liabilities (A$45.7K).


Debt to Equity History and Analysis

Debt Level: CXN is debt free.

Reducing Debt: CXN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: CXN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CXN's debt is covered by short term assets.


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: CXN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CXN has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of -7.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CXN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CXN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CXN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXN'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 CXN'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?

1.9yrs

Average management tenure


CEO

Alex Dorsch 0

1.9yrs

Tenure

AU$465,886

Compensation

Mr. Alexander C. Dorsch, also known as Alex, B.Eng (Hons), B.Fin, serves as Managing Director and Executive Director of Chalice Gold Mines Limited ("Company") since November 13, 2018. Mr Dorsch was appoint ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD313.03K) is above average for companies of similar size in the Canadian market ($USD155.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Rupert Goyder
Executive Chairman of the Board1.9yrsAU$513.85k16.78% A$12.3m
Alexander Dorsch
MD & Executive Director1.9yrsAU$465.89k0.52% A$382.0k
Richard Hacker
Chief Financial Officer11.5yrsAU$414.37k0.22% A$160.3k
Kevin Frost
General Manager of Exploration3.9yrsAU$412.60kno data
Patrick Lengyel
Exploration Manager of Canada4.8yrsAU$339.58kno data
Bruce Kendall
General Manager of Corporate Development0.3yrsno datano data
Jamie Armes
Financial Controller & Company Secretary0.5yrsno datano data

1.9yrs

Average Tenure

54yo

Average Age

Experienced Management: CXN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Timothy Rupert Goyder
Executive Chairman of the Board1.9yrsAU$513.85k16.78% A$12.3m
Alexander Dorsch
MD & Executive Director1.9yrsAU$465.89k0.52% A$382.0k
Stephen Quin
Independent Non-Executive Director9.8yrsAU$78.39k0.0096% A$7.0k
Morgan Ball
Lead Independent Non-Executive Director1.4yrsAU$74.46k0.011% A$8.0k

1.7yrs

Average Tenure

59yo

Average Age

Experienced Board: CXN's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chalice Gold Mines Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chalice Gold Mines Limited
  • Ticker: CXN
  • Exchange: TSX
  • Founded: 2005
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$82.220m
  • Listing Market Cap: AU$73.211m
  • Shares outstanding: 274.07m
  • Website: https://www.chalicegold.com

Number of Employees


Location

  • Chalice Gold Mines Limited
  • 1292 Hay Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2006
C8UDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2006
CXNTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADMar 2006
CGML.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2006
CHNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2006

Biography

Chalice Gold Mines Limited operates as a mineral exploration company in Australia and Canada. The company explores for gold, copper, vanadium, and nickel deposits. Its flagship property is the Pyramid Hill gold project, which covers an area of approximately 5,140 square kilometers located in northern Victoria. The company was incorporated in 2005 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:46
End of Day Share Price2019/12/16 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.