TSX:SEA

Stock Analysis Report

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Executive Summary

Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SEA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SEA's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

SEA

1.9%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

37.6%

SEA

33.4%

CA Metals and Mining

1.5%

CA Market

Return vs Industry: SEA exceeded the Canadian Metals and Mining industry which returned 33.4% over the past year.

Return vs Market: SEA exceeded the Canadian Market which returned 1.5% over the past year.


Shareholder returns

SEAIndustryMarket
7 Day0.4%1.9%-0.2%
30 Day-6.0%-0.6%2.7%
90 Day-0.2%-2.4%12.5%
1 Year37.6%37.6%34.6%33.4%5.2%1.5%
3 Year77.0%77.0%39.6%36.6%13.5%2.7%
5 Year191.6%191.6%161.0%152.6%60.0%35.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SEA is overvalued based on its PB Ratio (3.6x) compared to the CA Metals and Mining industry average (3x).


Next Steps

Future Growth

How is Seabridge Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-29.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SEA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SEA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if SEA's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if SEA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SEA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Seabridge Gold performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEA is currently unprofitable.

Growing Profit Margin: SEA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SEA is unprofitable, and losses have increased over the past 5 years at a rate of 7.8% per year.

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

Earnings vs Industry: SEA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.3%).


Return on Equity

High ROE: SEA has a negative Return on Equity (-1.11%), as it is currently unprofitable.


Next Steps

Financial Health

How is Seabridge Gold's financial position?


Financial Position Analysis

Short Term Liabilities: SEA's short term assets (CA$51.6M) exceed its short term liabilities (CA$11.7M).

Long Term Liabilities: SEA's short term assets (CA$51.6M) exceed its long term liabilities (CA$26.7M).


Debt to Equity History and Analysis

Debt Level: SEA is debt free.

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


Balance Sheet


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

Forecast Cash Runway: SEA has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 6.8% each year.


Next Steps

Dividend

What is Seabridge Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

9.6yrs

Average management tenure


CEO

Rudi Fronk (61 yo)

21.25yrs

Tenure

CA$1,531,010

Compensation

Mr. Rudi P. Fronk, B.sc., M.sc., has been the Chairman and Chief Executive Officer of Seabridge Gold, Inc. since June 27, 2012 and October 1999 respectively. He serves as the President of Seabridge Gold Co...


CEO Compensation Analysis

Compensation vs Market: Rudi's total compensation ($USD1.20M) is below average for companies of similar size in the Canadian market ($USD2.13M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rudi Fronk
Chairman & CEO21.25yrsCA$1.53m1.34%
CA$ 25.1m
Jay Layman
President8.58yrsCA$1.23m0.013%
CA$ 238.0k
Christopher Reynolds
VP of Finance & CFO9.67yrsCA$487.67k0.15%
CA$ 2.8m
Peter Williams
Senior Vice President of Technical Services7.5yrsCA$638.74k0.052%
CA$ 966.9k
Charles Scott
VP, General Counsel & Corporate Secretary2yrsCA$1.83m0.086%
CA$ 1.6m
Robert Murphy
Senior Vice President of Environmental Affairs1yrCA$1.57m0.073%
CA$ 1.4m
Gloria Trujillo
Assistant Corporate Secretary17.58yrsno datano data

9.6yrs

Average Tenure

60yo

Average Age

Experienced Management: SEA's management team is seasoned and experienced (9.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rudi Fronk
Chairman & CEO21.25yrsCA$1.53m1.34%
CA$ 25.1m
Jay Layman
President8.58yrsCA$1.23m0.013%
CA$ 238.0k
John Sabine
Independent Director6.58yrsCA$158.44k0.045%
CA$ 850.4k
A. Banfield
Independent Director21.25yrsCA$145.07k0.51%
CA$ 9.6m
Eliseo Gonzalez-Urien
Independent Director15yrsCA$158.44k0.13%
CA$ 2.5m
Clement Pelletier
Independent Director2.58yrsCA$158.44k0.013%
CA$ 253.2k
Gary Sugar
Independent Director4.67yrsCA$145.07k0.010%
CA$ 189.7k
Richard Kraus
Independent Director7.08yrsCA$165.13k0.032%
CA$ 607.5k
Melanie Miller
Independent Director1.58yrsCA$72.21k0.0053%
CA$ 98.7k

7.1yrs

Average Tenure

74yo

Average Age

Experienced Board: SEA's board of directors are considered experienced (7.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SEA insiders have only sold shares 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 17.2%.


Top Shareholders

Company Information

Seabridge Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seabridge Gold Inc.
  • Ticker: SEA
  • Exchange: TSX
  • Founded: 1979
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$1.877b
  • Shares outstanding: 74.15m
  • Website: https://www.seabridgegold.net

Location

  • Seabridge Gold Inc.
  • 106 Front Street East
  • Suite 400
  • Toronto
  • Ontario
  • M5A 1E1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEATSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1982
SANYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 1982
SRMDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1982
0VGVLSE (London Stock Exchange)YesCommon SharesGBCADSep 1982

Biography

Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper and silver ores. Its principal proj...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 00:53
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.