TSX:SBR

Stock Analysis Report

Silver Bear Resources

Executive Summary

Silver Bear Resources Plc engages in the acquisition, exploration, evaluation, and development of silver properties in Russia.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

How has Silver Bear Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.1%

SBR

-3.8%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-29.5%

SBR

10.6%

CA Metals and Mining

1.2%

CA Market

Return vs Industry: SBR underperformed the Canadian Metals and Mining industry which returned 10.6% over the past year.

Return vs Market: SBR underperformed the Canadian Market which returned 1.2% over the past year.


Shareholder returns

SBRIndustryMarket
7 Day-3.1%-3.8%0.2%
30 Day-22.5%-4.9%-2.5%
90 Day-11.4%-5.9%-1.5%
1 Year-29.5%-29.5%11.5%10.6%4.7%1.2%
3 Yearn/a-12.5%-14.1%14.0%3.8%
5 Yearn/a5.5%1.5%26.4%8.1%

Price Volatility Vs. Market

How volatile is Silver Bear Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Silver Bear Resources undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Silver Bear Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Silver Bear Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SBR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Silver Bear Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Silver Bear Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.5%

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 Silver Bear Resources 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 Silver Bear Resources performed over the past 5 years?

-25.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SBR is unprofitable, and losses have increased over the past 5 years at a rate of -25.5% per year.

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

Earnings vs Industry: SBR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: SBR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: SBR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SBR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Silver Bear Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SBR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SBR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SBR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SBR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: SBR has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: SBR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SBR has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.2% each year.


Next Steps

Dividend

What is Silver Bear Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if SBR'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 SBR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Silver Bear Resources's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average management tenure


CEO

Vadim Ilchuk (50yo)

0.9yrs

Tenure

CA$128,347

Compensation

Mr. Vadim Ilchuk has been the President, Director and Chief Executive Officer at Silver Bear Resources Plc since November 14, 2018. He also served as an Interim Chief Financial Officer of Silver Bear Resou ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Vadim's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Vadim's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.1yrs

Average Tenure

Experienced Management: SBR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Age and Tenure

3.8yrs

Average Tenure

50yo

Average Age

Experienced Board: SBR's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: SBR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellCA$22,80019 Sep 19
Paul Gualtieri
EntityIndividual
Role
Member of the Board of Directors
Director
Shares120,000
Max PriceCA$0.19
SellCA$19016 Sep 19
Paul Gualtieri
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceCA$0.19
SellCA$23,10024 Jun 19
Paul Gualtieri
EntityIndividual
Role
Member of the Board of Directors
Director
Shares165,000
Max PriceCA$0.14
SellCA$15,70118 Jun 19
Christopher Westdal
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares106,000
Max PriceCA$0.16

Ownership Breakdown


Management Team

  • Judy Webster

    Corporate Secretary & Investor Relations Manager

    • Tenure: 4.4yrs
  • Alexey Sotskov (48yo)

    Deputy CEO & Director

    • Tenure: 5.2yrs
    • Compensation: CA$108.38k
  • Vadim Ilchuk (50yo)

    President

    • Tenure: 0.9yrs
    • Compensation: CA$128.35k
  • Mikhail Ilyin

    Chief Financial Officer

    • Tenure: 0.3yrs

Board Members

  • Paul Gualtieri (53yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: CA$118.38k
  • Chris Westdal (72yo)

    Non-Executive Chairman

    • Tenure: 3.8yrs
    • Compensation: CA$148.38k
  • Alexey Sotskov (48yo)

    Deputy CEO & Director

    • Tenure: 5.2yrs
    • Compensation: CA$108.38k
  • Vadim Ilchuk (50yo)

    President

    • Tenure: 0.9yrs
    • Compensation: CA$128.35k
  • Maxim Matveev (45yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$35.77k

Company Information

Silver Bear Resources Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Silver Bear Resources Plc
  • Ticker: SBR
  • Exchange: TSX
  • Founded: 2017
  • Industry: Silver
  • Sector: Materials
  • Market Cap: CA$104.181m
  • Shares outstanding: 672.14m
  • Website: https://www.silverbearresources.com

Number of Employees


Location

  • Silver Bear Resources Plc
  • Regis House
  • 2nd floor
  • London
  • Greater London
  • EC4R 9AN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBRTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2017
SVBR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2017

Biography

Silver Bear Resources Plc engages in the acquisition, exploration, evaluation, and development of silver properties in Russia. Its principal focus is the Mangazeisky silver project, covering a license area ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:36
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.