TSXV:B

Stock Analysis Report

Executive Summary

BCM Resources Corporation engages in the acquisition, exploration, development, and mining of mineral properties in Canada.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

11.1%

B

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-52.4%

B

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: B underperformed the Canadian Metals and Mining industry which returned 2.2% over the past year.

Return vs Market: B underperformed the Canadian Market which returned -2% over the past year.


Shareholder returns

BIndustryMarket
7 Day11.1%-6.0%-6.2%
30 Day0%-1.0%-5.0%
90 Day11.1%4.9%-2.8%
1 Year-52.4%-52.4%2.9%2.2%1.1%-2.0%
3 Year-56.5%-56.5%-2.8%-4.5%10.7%0.6%
5 Year66.7%66.7%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: B (CA$0.05) is trading above our estimate of fair value (CA$0.02)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: B is overvalued based on its PB Ratio (12.8x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.0%

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 BCM 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 BCM Resources performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B is currently unprofitable.

Growing Profit Margin: B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: B is unprofitable, but has reduced losses over the past 5 years at a rate of 12.4% per year.

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

Earnings vs Industry: B is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: B has a negative Return on Equity (-93.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is BCM Resources's financial position?


Financial Position Analysis

Short Term Liabilities: B's short term assets (CA$19.9K) do not cover its short term liabilities (CA$672.7K).

Long Term Liabilities: B has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: B's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if B's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: B's debt is covered by short term assets (assets are 44.2x debt).


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 B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: B is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -32.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

5.1yrs

Average management tenure


CEO

Dale McClanaghan (63yo)

15yrs

Tenure

CA$30,000

Compensation

Mr. Dale Bernard McClanaghan, MBA has been the Chief Executive Officer and President of Lotus Ventures Inc. since November 27, 2014. Mr. McClanaghan has been the Chief Executive Officer and President of BC ...


Leadership Team

NamePositionTenureCompensationOwnership
Dale McClanaghan
President15yrsCA$30.00k2.27% CA$44.1k
Scott Steeds
CFO & Director2.7yrsno data0.090% CA$1.8k
Richard Redfern
VP of Exploration & Director4.3yrsCA$3.00k0.013% CA$250.1

5.1yrs

Average Tenure

63yo

Average Age

Experienced Management: B's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dale McClanaghan
President15yrsCA$30.00k2.27% CA$44.1k
Scott Steeds
CFO & Director2.7yrsno data0.090% CA$1.8k
Richard Redfern
VP of Exploration & Director4.3yrsCA$3.00k0.013% CA$250.1
Matthew Lennox-King
Independent Director3.9yrsCA$3.00k0.65% CA$12.6k
Darcy McKeown
Independent Director2.7yrsCA$3.00k1.29% CA$25.1k

3.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: B's board of directors are considered experienced (3.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: B insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BCM Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BCM Resources Corporation
  • Ticker: B
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$1.945m
  • Shares outstanding: 38.89m
  • Website: https://www.bcmresources.com

Location

  • BCM Resources Corporation
  • 400 Burrard Street
  • Suite 1780
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 2006
BCMR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2006

Biography

BCM Resources Corporation engages in the acquisition, exploration, development, and mining of mineral properties in Canada. The company focuses on exploring molybdenum. Its flagship project is the Shan property that covers an area of approximately 7,604 hectares located in Las Margaritas Zone in British Columbia. The company has 60% interest in Inland’s Thompson Knolls Property located in central Utah's Great Basin. The company was formerly known as BC Moly Ltd. and changed its name to BCM Resources Corporation in February 2006. BCM Resources Corporation 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 Analysis2020/02/28 00:35
End of Day Share Price2020/02/26 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.