TSX:FVL

Stock Analysis Report

Freegold Ventures

Executive Summary

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious metal properties in the United States and Canada.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Freegold Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

9.1%

FVL

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

0%

FVL

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: FVL underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: FVL underperformed the Canadian Market which returned 4.5% over the past year.


Shareholder returns

FVLIndustryMarket
7 Day9.1%3.5%-1.5%
30 Day9.1%5.0%-0.7%
90 Day20.0%14.3%1.8%
1 Year0%0%7.5%6.8%5.7%2.5%
3 Year-60.0%-60.0%2.8%1.0%16.8%6.2%
5 Year-36.8%-36.8%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Freegold Ventures undervalued compared to its fair value and its price relative to the market?

0.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FVL (CA$0.06) is trading above our estimate of fair value (CA$0.03)

Significantly Below Fair Value: FVL is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FVL is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

13.0%

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 Freegold Ventures 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 Freegold Ventures performed over the past 5 years?

54.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FVL is currently unprofitable.

Growing Profit Margin: FVL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FVL is unprofitable, but has reduced losses over the past 5 years at a rate of 54% per year.

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

Earnings vs Industry: FVL 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: FVL has a negative Return on Equity (-1.09%), as it is currently unprofitable.


Next Steps

Financial Health

How is Freegold Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: FVL's short term assets ($2.1M) exceed its short term liabilities ($1.6M).

Long Term Liabilities: FVL's short term assets ($2.1M) exceed its long term liabilities ($285.2K).


Debt to Equity History and Analysis

Debt Level: FVL is debt free.

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


Balance Sheet

Inventory Level: FVL has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FVL'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: Whilst unprofitable FVL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FVL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.5% per year.


Next Steps

Dividend

What is Freegold Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FVL'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 FVL's dividends per share have been stable in the past.

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

9.7yrs

Average management tenure


CEO

J. Walcott 0

10.3yrs

Tenure

US$241,056

Compensation

Ms. J. Kristina Walcott has been the Chief Executive Officer and President of Freegold Ventures Limited since October 2009. Ms. Walcott served as Vice President of Business Development of Freegold Ventures ...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD182.43K) is about average for companies of similar size in the Canadian market ($USD154.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
J. Walcott
President10.3yrsUS$241.06k0.32% $42.0k
Gordon Steblin
Chief Financial Officer17.3yrsUS$94.11k0.20% $26.5k
Alvin Jackson
VP of Exploration & Development and Director9.9yrsUS$235.41k0.79% $104.2k
Taryn Downing
Corporate Secretary8.5yrsno data0.031% $4.1k

9.7yrs

Average Tenure

Experienced Management: FVL's management team is seasoned and experienced (9.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Walcott
President10.3yrsUS$241.06k0.32% $42.0k
Alvin Jackson
VP of Exploration & Development and Director9.9yrsUS$235.41k0.79% $104.2k
Glen Dickson
Independent Director2.7yrsUS$22.01kno data
David Knight
Chairman of the Board1.3yrsUS$7.06k0.034% $4.5k
Garnet Dawson
Independent Director9yrsUS$7.06kno data
Gary Moore
Director10.6yrsUS$14.96kno data
Gregory Hanks
Independent Director4.8yrsUS$7.06k0.097% $12.8k
Ron Ewing
Independent Director2.7yrsUS$22.01k0.039% $5.1k
Reagan Glazier
Independent Director1.7yrsUS$8.47k0.38% $50.2k

4.8yrs

Average Tenure

66.5yo

Average Age

Experienced Board: FVL's board of directors are considered experienced (4.8 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


Top Shareholders

Company Information

Freegold Ventures Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Freegold Ventures Limited
  • Ticker: FVL
  • Exchange: TSX
  • Founded: 1985
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$13.227m
  • Shares outstanding: 220.45m
  • Website: https://www.freegoldventures.com

Number of Employees


Location

  • Freegold Ventures Limited
  • 700 West Georgia Street
  • Suite 888
  • Vancouver
  • British Columbia
  • V7Y 1G5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FVLTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1988
FGOV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
FR4NDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988

Biography

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious metal properties in the United States and Canada. The company primarily explores for gold, copper, silver, and tungsten deposits. It holds interests in the Golden Summit property and Shorty Creek property located in Alaska, the United States. The company was formerly known as International Freegold Mineral Development Inc. and changed its name to Freegold Ventures Limited in September 2002. Freegold Ventures Limited was incorporated in 1985 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:43
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.