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Silver Bear Resources

TSX:SBR
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBR
TSX
CA$91M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Silver Bear Resources Plc engages in the acquisition, exploration, evaluation, and development of silver properties in Russia. The last earnings update was 127 days ago. More info.


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  • Silver Bear Resources has significant price volatility in the past 3 months.
SBR Share Price and Events
7 Day Returns
-3.6%
TSX:SBR
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-44.9%
TSX:SBR
-5.9%
CA Metals and Mining
0.7%
CA Market
SBR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silver Bear Resources (SBR) -3.6% -12.9% -15.6% -44.9% - -
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • SBR underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • SBR underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Silver Bear Resources 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.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Silver Bear Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.135.
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 Silver Bear Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silver Bear Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:SBR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.04
TSX:SBR Share Price ** TSX (2019-03-18) in CAD CA$0.14
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Silver Bear Resources.

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

= TSX:SBR Share Price ÷ EPS (both in CAD)

= 0.14 ÷ -0.04

-3.24x

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

  • Silver Bear Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Silver Bear Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Silver Bear Resources's expected growth come at a high price?
Raw Data
TSX:SBR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*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 Silver Bear Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Silver Bear Resources's assets?
Raw Data
TSX:SBR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.02
TSX:SBR Share Price * TSX (2019-03-18) in CAD CA$0.14
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:SBR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:SBR Share Price ÷ Book Value per Share (both in CAD)

= 0.14 ÷ -0.02

-5.65x

* Primary Listing of Silver Bear Resources.

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

  • Silver Bear Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. 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.
  2. 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's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Silver Bear Resources'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. Silver Bear Resources 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.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silver Bear Resources expected to grow at an attractive rate?
  • Unable to compare Silver Bear Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Silver Bear Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Silver Bear Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:SBR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:SBR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:SBR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 -14 -28
2018-06-30 0 -13 -20
2018-03-31 -17 -13
2017-12-31 -9 -9
2017-09-30 0 -7 -7
2017-06-30 0 -14 -9
2017-03-31 -11 -6
2016-12-31 -15 -10
2016-09-30 -14 -8
2016-06-30 -10 -9
2016-03-31 -15 -10
2015-12-31 -11 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Silver Bear Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Silver Bear Resources 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:SBR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Silver Bear Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SBR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.04
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.04
2017-06-30 -0.05
2017-03-31 -0.04
2016-12-31 -0.06
2016-09-30 -0.05
2016-06-30 -0.06
2016-03-31 -0.06
2015-12-31 -0.07

*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 Silver Bear Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Silver Bear Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Silver Bear Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Silver Bear Resources'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.
Silver Bear Resources has a total score of 0/6, 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 Silver Bear Resources 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 Silver Bear Resources'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.
  • Silver Bear Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Silver Bear Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Silver Bear Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Silver Bear Resources'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 Silver Bear Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SBR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 0.21 -27.94 7.00
2018-06-30 0.23 -20.34 7.29
2018-03-31 -13.11 7.34
2017-12-31 -8.83 7.90
2017-09-30 0.14 -7.31 7.19
2017-06-30 0.11 -8.72 7.77
2017-03-31 -6.36 8.22
2016-12-31 -9.89 7.70
2016-09-30 -8.39 7.26
2016-06-30 -9.41 6.50
2016-03-31 -10.07 8.07
2015-12-31 -10.68 8.40
2015-09-30 -9.82 7.26
2015-06-30 -11.50 9.81
2015-03-31 -9.59 8.09
2014-12-31 -9.08 7.68
2014-09-30 -8.67 7.94
2014-06-30 -6.21 5.58
2014-03-31 -6.12 5.41
2013-12-31 -6.18 5.47
2013-09-30 -5.30 4.70
2013-06-30 -5.82 5.34
2013-03-31 -8.33 7.94
2012-12-31 -9.39 9.11
2012-09-30 -13.56 13.36
2012-06-30 -16.95 16.78
2012-03-31 -14.00 13.93

*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 Silver Bear Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Silver Bear Resources 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 Silver Bear Resources 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 Silver Bear Resources'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.
Silver Bear Resources 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 Silver Bear Resources'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 Silver Bear Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silver Bear Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silver Bear Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Silver Bear Resources'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.
  • Silver Bear Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Silver Bear Resources Company Filings, last reported 5 months ago.

TSX:SBR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -16.02 152.23 1.04
2018-06-30 -12.14 146.76 0.91
2018-03-31 -0.96 138.69 3.98
2017-12-31 0.36 131.00 24.31
2017-09-30 4.08 90.30 8.01
2017-06-30 -17.90 105.69 8.94
2017-03-31 -11.70 95.10 3.66
2016-12-31 -13.92 101.47 15.76
2016-09-30 -10.26 75.74 12.83
2016-06-30 -9.24 57.92 7.79
2016-03-31 -8.38 57.85 19.32
2015-12-31 -7.92 31.20 9.97
2015-09-30 -3.66 12.24 1.09
2015-06-30 -0.84 8.98 1.78
2015-03-31 2.67 9.16 5.82
2014-12-31 3.87 0.29 1.59
2014-09-30 7.31 0.31 3.96
2014-06-30 4.36 1.09 2.41
2014-03-31 2.13 1.10 0.50
2013-12-31 3.04 0.35 0.28
2013-09-30 0.93 2.43 0.08
2013-06-30 2.00 1.26 0.09
2013-03-31 2.15 0.89 0.10
2012-12-31 3.27 0.51 0.14
2012-09-30 4.33 0.50 0.73
2012-06-30 5.06 0.57 0.84
2012-03-31 8.16 0.59 2.02
  • Silver Bear Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Silver Bear Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Silver Bear Resources has less than a year of cash runway based on current free cash flow.
  • Silver Bear Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.4% each year.
X
Financial health checks
We assess Silver Bear Resources'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. Silver Bear Resources 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.

Dividends

 What is Silver Bear Resources'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 Silver Bear Resources dividends.
If you bought CA$2,000 of Silver Bear Resources 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 Silver Bear Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Silver Bear Resources'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:SBR 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 0 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 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Silver Bear Resources has not reported any payouts.
  • Unable to verify if Silver Bear Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Silver Bear Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Silver Bear Resources 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 Silver Bear Resources'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 Silver Bear Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silver Bear Resources 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 Silver Bear Resources'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
Vadim Ilchuk
COMPENSATION CA$197,201
TENURE AS CEO 0.3 years
CEO Bio

Mr. Vadim Ilchuk has been the President, Director and Chief Executive Officer at Silver Bear Resources Plc since November 14, 2018. He also serves as Interim Chief Financial Officer of Silver Bear Resources Plc. Mr. Ilchuk has 19 years of experience in the mining industry and natural resource investment business. He has extensive background in mine finance and accounting, financial reporting and cross-border M&A process and integration, as well as takeover rules and corporate governance. Mr. Ilchuk joined Silver Bear Resources, Inc from RT-Business Development, Inc where he held a position of Chief Financial Officer. He also served several years in various managerial roles in Kinross Gold Corporation in the United States and Russia.

CEO Compensation
  • Insufficient data for Vadim to compare compensation growth.
  • Vadim's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Silver Bear Resources management team in years:

1.2
Average Tenure
  • The average tenure for the Silver Bear Resources management team is less than 2 years, this suggests a new team.
Management Team

Vadim Ilchuk

TITLE
President
COMPENSATION
CA$197K
TENURE
0.3 yrs

Alexey Sotskov

TITLE
Deputy CEO & Director
COMPENSATION
CA$562K
AGE
47
TENURE
1.2 yrs

Judy Webster

TITLE
Corporate Secretary & Investor Relations Manager
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Silver Bear Resources board of directors in years:

3.2
Average Tenure
52
Average Age
  • The tenure for the Silver Bear Resources board of directors is about average.
Board of Directors

Chris Westdal

TITLE
Non-Executive Chairman
COMPENSATION
CA$574K
AGE
71
TENURE
3.2 yrs

Vadim Ilchuk

TITLE
President
COMPENSATION
CA$197K
TENURE
0.3 yrs

Alexey Sotskov

TITLE
Deputy CEO & Director
COMPENSATION
CA$562K
AGE
47
TENURE
4.6 yrs

Maxim Matveev

TITLE
Director
TENURE
0.8 yrs

Paul Gualtieri

TITLE
Director
COMPENSATION
CA$562K
AGE
52
TENURE
10.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. May 18 Sell Graham Hill Individual 03. May 18 03. May 18 -61,500 CA$0.24 CA$-14,760
27. Apr 18 Sell Graham Hill Individual 24. Apr 18 24. Apr 18 -1,500 CA$0.26 CA$-383
24. Apr 18 Sell Graham Hill Individual 20. Apr 18 20. Apr 18 -137,000 CA$0.25 CA$-34,250
26. Mar 18 Sell Graham Hill Individual 21. Mar 18 23. Mar 18 -150,000 CA$0.25 CA$-37,423
X
Management checks
We assess Silver Bear Resources'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. Silver Bear Resources 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

Did Changing Sentiment Drive Silver Bear Resources's (TSE:SBR) Share Price Down By 44%?

Unfortunately the Silver Bear Resources Plc (TSE:SBR) share price slid 44% over twelve months. … We wouldn't rush to judgement on Silver Bear Resources because we don't have a long term history to look at. … With just CA$214,382 worth of revenue in twelve months, we don't think the market considers Silver Bear Resources to have proven its business plan.

Simply Wall St -

Read This Before Buying Silver Bear Resources Plc (TSE:SBR) Shares

So we'll take a look at whether insiders have been buying or selling shares in Silver Bear Resources Plc (TSE:SBR). … Silver Bear Resources Insider Transactions Over The Last Year. … In total, Silver Bear Resources insiders sold more than they bought over the last year.

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Could Silver Bear Resources Plc's (TSE:SBR) Investor Composition Influence The Stock Price?

If you want to know who really controls Silver Bear Resources Plc (TSE:SBR), then you'll have to look at the makeup of its share registry. … Silver Bear Resources is not a large company by global standards. … See our latest analysis for Silver Bear Resources

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Why Silver Bear Resources Plc's (TSE:SBR) Ownership Structure Is Important

Today, I will be analyzing Silver Bear Resources Plc’s (TSE:SBR) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … 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.

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Is Silver Bear Resources Plc's (TSX:SBR) CEO Paid At A Competitive Rate?

Earnings is a powerful indication of SBR's ability to invest shareholders' funds and generate returns. … TSX:SBR Past Future Earnings Oct 31st 17 Is SBR's CEO overpaid relative to the market? … Typically I would use earnings and market cap to account for variations in performance, however, SBR's negative earnings lower the effectiveness of this method.

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Company Info

Description

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 of approximately 570 square kilometers, located to the north of Yakutsk in the Republic of Sakha. The company was incorporated in 2017 and is based in London, the United Kingdom.

Details
Name: Silver Bear Resources Plc
SBR
Exchange: TSX
Founded: 2017
CA$90,717,961
671,984,902
Website: http://www.silverbearresources.com
Address: Silver Bear Resources Plc
4 Borough High Street,
London,
Greater London, SE1 9QR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX SBR Common Shares The Toronto Stock Exchange CA CAD 05. Jul 2017
OTCPK SVBR.F Common Shares Pink Sheets LLC US USD 05. Jul 2017
Number of employees
Current staff
Staff numbers
178
Silver Bear Resources employees.
Industry
Silver
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:07
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.