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Gran Colombia Gold

TSX:GCM
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GCM
TSX
CA$215M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. The last earnings update was 41 days ago. More info.


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  • Gran Colombia Gold has significant price volatility in the past 3 months.
GCM Share Price and Events
7 Day Returns
1.6%
TSX:GCM
5.5%
CA Metals and Mining
1.1%
CA Market
1 Year Returns
55.9%
TSX:GCM
-3.3%
CA Metals and Mining
-2.2%
CA Market
GCM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gran Colombia Gold (GCM) 1.6% 30% 16.4% 55.9% 213% -83.1%
CA Metals and Mining 5.5% 16.1% 1.7% -3.3% -13.7% -17.6%
CA Market 1.1% 1.2% 1% -2.2% 13.2% 2.1%
1 Year Return vs Industry and Market
  • GCM outperformed the Metals and Mining industry which returned -3.3% over the past year.
  • GCM outperformed the Market in Canada which returned -2.2% over the past year.
Price Volatility
GCM
Industry
5yr Volatility vs Market

Value

 Is Gran Colombia 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 Gran Colombia 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 Gran Colombia Gold.

TSX:GCM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
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:GCM
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 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 26.5%) (45.57%))
1.256
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.256 * 5.96%)
9.43%

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

The calculations below outline how an intrinsic value for Gran Colombia 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:GCM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.43%)
2019 33.90 Analyst x2 30.98
2020 16.35 Analyst x2 13.65
2021 26.10 Analyst x2 19.92
2022 31.80 Analyst x2 22.17
2023 36.00 Analyst x1 22.94
2024 39.33 Est @ 9.26% 22.90
2025 42.11 Est @ 7.07% 22.41
2026 44.44 Est @ 5.53% 21.61
2027 46.42 Est @ 4.46% 20.63
2028 48.14 Est @ 3.7% 19.55
Present value of next 10 years cash flows $216.74
TSX:GCM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $48.14 × (1 + 1.95%) ÷ (9.43% – 1.95%)
$655.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $655.60 ÷ (1 + 9.43%)10
$266.16
TSX:GCM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $216.74 + $266.16
$482.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $482.90 / 48.30
$10
TSX:GCM Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:GCM)
1.32
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $10 x 1.32
CA$13.19
Value per share (CAD) From above. CA$13.19
Current discount Discount to share price of CA$4.46
= -1 x (CA$4.46 - CA$13.19) / CA$13.19
66.2%

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

Current Discount
Amount off the current price Gran Colombia Gold is available for.
Intrinsic value
>50%
Share price is CA$4.46 vs Future cash flow value of CA$13.19
Current Discount Checks
For Gran Colombia Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gran Colombia Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gran Colombia Gold's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Gran Colombia Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gran Colombia Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GCM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.02
TSX:GCM Share Price ** TSX (2019-06-24) in CAD CA$4.46
TSX:GCM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.758 $3.38
Canada Metals and Mining Industry PE Ratio Median Figure of 111 Publicly-Listed Metals and Mining Companies 14.78x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.1x

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

** Primary Listing of Gran Colombia Gold.

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

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

= 3.38 ÷ -0.02

-168.78x

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

  • Gran Colombia Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Gran Colombia Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Gran Colombia Gold's expected growth come at a high price?
Raw Data
TSX:GCM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -168.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
91.6%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.79x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*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 Gran Colombia Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gran Colombia Gold's assets?
Raw Data
TSX:GCM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.39
TSX:GCM Share Price * TSX (2019-06-24) in CAD CA$4.46
TSX:GCM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.758 $3.38
Canada Metals and Mining Industry PB Ratio Median Figure of 1,092 Publicly-Listed Metals and Mining Companies 1.38x
Canada Market PB Ratio Median Figure of 2,425 Publicly-Listed Companies 1.43x
TSX:GCM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.38 ÷ 5.39

0.63x

* Primary Listing of Gran Colombia Gold.

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

  • Gran Colombia Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Gran Colombia 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. Gran Colombia Gold has a total score of 3/6, 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.

Future Performance

 How is Gran Colombia Gold expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
91.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gran Colombia Gold expected to grow at an attractive rate?
  • Gran Colombia Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Gran Colombia Gold's earnings growth is expected to exceed the Canada market average.
  • Gran Colombia Gold's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:GCM Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:GCM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 91.6%
TSX:GCM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.5%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 28.5%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:GCM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GCM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 311 69 1
2022-12-31 274 63 2
2021-12-31 283 61 2
2020-12-31 288 70 40 3
2019-12-31 291 76 33 3
TSX:GCM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 270 87 -1
2018-12-31 257 80 -3
2018-09-30 260 74 -8
2018-06-30 237 65 -22
2018-03-31 224 54 43
2017-12-31 206 51 37
2017-09-30 186 41 17
2017-06-30 194 39 26
2017-03-31 187 36 -8
2016-12-31 176 33 4
2016-09-30 160 33 0
2016-06-30 149 34 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gran Colombia Gold's earnings are expected to grow significantly at over 20% yearly.
  • Gran Colombia Gold's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
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:GCM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Gran Colombia Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GCM 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
2020-12-31 0.83 0.83 0.83 1.00
2019-12-31 0.67 0.67 0.67 1.00
TSX:GCM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.02
2018-12-31 -0.10
2018-09-30 -0.29
2018-06-30 -0.94
2018-03-31 2.06
2017-12-31 1.81
2017-09-30 0.84
2017-06-30 1.39
2017-03-31 -0.49
2016-12-31 0.30
2016-09-30 -0.06
2016-06-30 -0.40

*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.
  • Unable to establish if Gran Colombia Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gran Colombia 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.
Gran Colombia 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.

Past Performance

  How has Gran Colombia 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 Gran Colombia 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.
  • Gran Colombia 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 Gran Colombia Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gran Colombia Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Gran Colombia 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 Gran Colombia Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GCM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 269.66 -0.83 19.92
2018-12-31 257.41 -3.38 17.91
2018-09-30 259.93 -8.10 16.47
2018-06-30 236.88 -21.54 15.74
2018-03-31 224.47 42.98 13.99
2017-12-31 206.10 36.85 13.75
2017-09-30 186.30 16.70 13.55
2017-06-30 194.49 25.82 13.12
2017-03-31 186.72 -7.90 12.59
2016-12-31 176.08 3.71 11.74
2016-09-30 160.11 -0.46 10.23
2016-06-30 148.68 -1.86 10.01
2016-03-31 132.69 1.12 9.19
2015-12-31 128.86 -13.02 8.68
2015-09-30 130.26 18.02 8.10
2015-06-30 123.55 23.71 9.62
2015-03-31 126.54 3.63 10.26
2014-12-31 123.03 -3.31 10.60
2014-09-30 117.96 -80.21 11.31
2014-06-30 127.13 -145.86 10.87
2014-03-31 136.66 -184.95 12.08
2013-12-31 148.53 -165.16 14.17
2013-09-30 157.83 -122.72 16.33
2013-06-30 164.82 -70.16 18.66
2013-03-31 163.19 -27.76 20.16
2012-12-31 168.24 -36.17 20.27
2012-09-30 180.91 -13.88 23.73
2012-06-30 172.62 -19.07 30.38

*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 Gran Colombia Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Gran Colombia Gold used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Gran Colombia 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 Gran Colombia 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.
Gran Colombia 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.

Health

 How is Gran Colombia 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 Gran Colombia Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gran Colombia Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gran Colombia Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gran Colombia 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 covered by short term assets, assets are 1x 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 Gran Colombia Gold Company Filings, last reported 2 months ago.

TSX:GCM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 260.46 72.38 40.17
2018-12-31 245.68 74.06 35.65
2018-09-30 259.86 81.14 29.54
2018-06-30 221.52 129.36 24.92
2018-03-31 256.40 101.04 3.40
2017-12-31 224.36 98.71 3.27
2017-09-30 229.32 94.00 3.34
2017-06-30 220.02 91.49 3.01
2017-03-31 194.36 89.38 2.89
2016-12-31 182.69 86.25 2.78
2016-09-30 209.56 82.34 3.11
2016-06-30 191.67 85.06 2.98
2016-03-31 180.78 81.13 3.02
2015-12-31 153.61 103.75 3.00
2015-09-30 173.05 121.95 2.38
2015-06-30 204.38 120.52 0.58
2015-03-31 202.44 124.19 0.44
2014-12-31 216.71 120.30 0.77
2014-09-30 229.55 158.82 0.51
2014-06-30 233.54 180.69 3.29
2014-03-31 240.42 167.88 9.54
2013-12-31 240.87 172.52 1.61
2013-09-30 307.34 174.99 2.19
2013-06-30 358.73 130.53 0.53
2013-03-31 427.26 172.09 1.99
2012-12-31 426.08 188.45 1.30
2012-09-30 441.05 88.19 1.60
2012-06-30 445.17 85.55 4.08
  • Gran Colombia Gold's level of debt (27.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.9% vs 27.8% 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.

  • Whilst loss making Gran Colombia Gold has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Gran Colombia Gold has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -37.1% per year.
X
Financial health checks
We assess Gran Colombia 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. Gran Colombia Gold has a total score of 5/6, 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.

Dividends

 What is Gran Colombia 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 Gran Colombia Gold dividends.
If you bought CA$2,000 of Gran Colombia 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 Gran Colombia Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gran Colombia 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:GCM 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 3 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:GCM 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

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

  • Unable to perform a dividend volatility check as Gran Colombia Gold has not reported any payouts.
  • Unable to verify if Gran Colombia Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gran Colombia Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gran Colombia Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gran Colombia 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 Gran Colombia Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gran Colombia 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.

Management

 What is the CEO of Gran Colombia 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
Lombardo Paredes Arenas
COMPENSATION $418,590
TENURE AS CEO 5.3 years
CEO Bio

Mr. Lombardo Paredes Arenas has been the Chief Executive Officer at Gran Colombia Gold Corp. since February 01, 2014. Mr. Arenas has over 20 years of corporate leadership and operations management experience in the resource sector in Latin America. He served as an independent consultant on energy and environment project development. Mr. Arenas served within Petroleos de Venezuela (PDVSA) with responsibility for regional planning of investments and social development for Eastern Venezuela. He served as Managing Director of Maraven S.A. (an affiliate of PDVSA), with responsibility for the construction and commissioning of the Cardon Refinery Conversion Project in Venezuela, a US$2.6 billion project and served as its General Manager for its Production Operations Division, with 5,000 employees and oil production of 800 KBbls per day. He served as a Director of Maraven S.A. He holds a Bachelor of Science in Mechanical Engineering and Master of Economic Analysis and Financial Economics.

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

Average tenure of the Gran Colombia Gold management team in years:

7
Average Tenure
  • The average tenure for the Gran Colombia Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Serafino Iacono

TITLE
Executive Chairman
COMPENSATION
$230K
AGE
57

Lombardo Paredes Arenas

TITLE
Chief Executive Officer
COMPENSATION
$419K
TENURE
5.3 yrs

Mike Davies

TITLE
Chief Financial Officer
COMPENSATION
$339K
AGE
57
TENURE
8.8 yrs

Jose Noguera Gomez

TITLE
Vice President of Corporate Affairs & Sustainability
COMPENSATION
$236K
TENURE
7 yrs
Board of Directors Tenure

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

1.8
Average Tenure
61
Average Age
  • The average tenure for the Gran Colombia Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Miguel de la Campa

TITLE
Vice Chairman of the Board
COMPENSATION
$213K
AGE
73
TENURE
0.3 yrs

Serafino Iacono

TITLE
Executive Chairman
COMPENSATION
$230K
AGE
57
TENURE
0.3 yrs

Jaime Perez Branger

TITLE
Director
COMPENSATION
$92K
AGE
59
TENURE
8 yrs

Bob Metcalfe

TITLE
Lead Independent Director
COMPENSATION
$102K
AGE
78
TENURE
4.6 yrs

Hernan Juan Martinez Torres

TITLE
Director
COMPENSATION
$87K
AGE
77
TENURE
8 yrs

De Lyle Bloomquist

TITLE
Director
COMPENSATION
$46K
AGE
59
TENURE
1.8 yrs

Mónica De Greiff

TITLE
Director
AGE
61
TENURE
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$) Value (CA$)
29. Jun 18 Buy Michael Davies Individual 26. Jun 18 26. Jun 18 4,000 CA$2.88 CA$11,520
X
Management checks
We assess Gran Colombia 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. Gran Colombia 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.

News

Simply Wall St News

Is Gran Colombia Gold Corp. (TSE:GCM) A Financially Sound Company?

(TSE:GCM) with its market cap of CA$170m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

How Much Are Gran Colombia Gold Corp. (TSE:GCM) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Gran Colombia Gold Corp. … The Last 12 Months Of Insider Transactions At Gran Colombia Gold. … Overall, Gran Colombia Gold insiders were net buyers last year

Simply Wall St -

Do Directors Own Gran Colombia Gold Corp (TSE:GCM) Shares?

Every investor in Gran Colombia Gold Corp (TSE:GCM) should be aware of the most powerful shareholder groups. … Gran Colombia Gold is a smaller company with a market capitalization of CA$118m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Gran Colombia Gold

Simply Wall St -

Is Gran Colombia Gold Corp (TSE:GCM) Overpaying Its CEO?

Lombardo Paredes Arenas has been the CEO of Gran Colombia Gold Corp (TSE:GCM) since 2014. … How Does Lombardo Paredes Arenas's Compensation Compare With Similar Sized Companies. … It would therefore appear that Gran Colombia Gold Corp pays Lombardo Paredes Arenas more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Why Gran Colombia Gold Corp's (TSE:GCM) Investor Composition Impacts Your Returns

I am going to take a deep dive into Gran Colombia Gold Corp’s (TSE:GCM) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Check out our latest analysis for Gran Colombia Gold

Simply Wall St -

How Financially Strong Is Gran Colombia Gold Corp (TSE:GCM)?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Should You Be Tempted To Buy Gran Colombia Gold Corp (TSE:GCM) Because Of Its PE Ratio?

Gran Colombia Gold Corp (TSE:GCM) is currently trading at a trailing P/E of 0.9x, which is lower than the industry average of 10.9x. … While GCM might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for Gran Colombia Gold

Simply Wall St -

With An ROE Of 16.76%, Has Gran Colombia Gold Corp's (TSE:GCM) Management Done Well?

and want to begin learning the link between Gran Colombia Gold Corp (TSE:GCM)’s return fundamentals and stock market performance. … With an ROE of 16.76%, Gran Colombia Gold Corp (TSE:GCM) outpaced its own industry which delivered a less exciting 11.25% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

Simply Wall St -

Is Gran Colombia Gold Corp (TSE:GCM) A Buy At Its Current PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GCM Price per share = $2.47 Earnings per share = $2.063 ∴ Price-Earnings Ratio = $2.47 ÷ $2.063 = 1.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to GCM, such as company lifetime and products sold.

Simply Wall St -

Is Gran Colombia Gold Corp's (TSE:GCM) Balance Sheet Strong Enough To Weather A Storm?

How does GCM’s operating cash flow stack up against its debt? … On top of this, GCM has generated US$50.53M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 50.96%, indicating that GCM’s debt is appropriately covered by operating cash. … In GCM's case, the ratio of 3.16x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving GCM ample headroom to grow its debt facilities.Next Steps: Although GCM’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.

Simply Wall St -

Company Info

Description

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. It holds interests in the Segovia operations comprising the El Silencio, Providencia, Sandra K, and the Carla underground mines located in Colombia; and the Marmato gold project situated in Colombia. The company also owns interest in the Zancudo project located in the Titiribí mining district of Antioquia. Gran Colombia Gold Corp. is headquartered in Toronto, Canada.

Details
Name: Gran Colombia Gold Corp.
GCM
Exchange: TSX
Founded:
CA$215,419,360
48,300,305
Website: http://www.grancolombiagold.com
Address: Gran Colombia Gold Corp.
401 Bay Street,
Suite 2400,
Toronto,
Ontario, M5H 2Y4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GCM Common Voting Shares The Toronto Stock Exchange CA CAD 24. Aug 2010
OTCPK TPRF.F Common Voting Shares Pink Sheets LLC US USD 24. Aug 2010
DB 6KLD Common Voting Shares Deutsche Boerse AG DE EUR 24. Aug 2010
Number of employees
Current staff
Staff numbers
2,745
Gran Colombia Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 00:21
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/15
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.