TSXV:BANC

Stock Analysis Report

Executive Summary

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia.

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$1M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 1 more risk


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Bankers Cobalt's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BANC

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-50.0%

BANC

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: BANC underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.

Return vs Market: BANC underperformed the Canadian Market which returned 4.9% over the past year.


Shareholder returns

BANCIndustryMarket
7 Day0%4.6%0.2%
30 Day0%3.7%0.4%
90 Day0%10.7%3.7%
1 Year-50.0%-50.0%5.1%4.5%8.2%4.9%
3 Yearn/a-5.4%-7.0%15.9%5.5%
5 Yearn/a26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bankers Cobalt undervalued compared to its fair value and its price relative to the market?

0.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BANC is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.8%

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 Bankers Cobalt 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 Bankers Cobalt performed over the past 5 years?

11.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BANC is currently unprofitable.

Growing Profit Margin: BANC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BANC's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: BANC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).


Return on Equity

High ROE: BANC has a negative Return on Equity (-1031.2%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bankers Cobalt's financial position?


Financial Position Analysis

Short Term Liabilities: BANC's short term assets ($25.2K) do not cover its short term liabilities ($2.2M).

Long Term Liabilities: BANC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BANC's debt to equity ratio (14.2%) is considered satisfactory.

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


Balance Sheet

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

Debt Coverage by Assets: BANC's debt is not covered by short term assets (assets are 0.2x 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: BANC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BANC has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.6% each year.


Next Steps

Dividend

What is Bankers Cobalt's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.0yrs

Average board tenure


CEO

Jack Barley (62yo)

2.3yrs

Tenure

US$315,484

Compensation

Mr. Jack Stephen Barley, B.Com., L.L.B. has been Chief Executive Officer and Director at Bankers Cobalt Corp. since October 20, 2017 and serves as its Chairman since May 2, 2018. Mr. Barley served as Presi ...


CEO Compensation Analysis

Compensation vs Market: Jack's total compensation ($USD315.48K) is above average for companies of similar size in the Canadian market ($USD154.66K).

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


Board Members

NamePositionTenureCompensationOwnership
Jack Barley
Chairman & CEO2.3yrsUS$315.48k1.77% $20.5k
David Frances
Member of Advisory Board0yrsno datano data
Royston Denysschen
Independent Director2yrsno datano data
Zhan Shu
Independent Director2.5yrsUS$4.60k0.86% $10.0k
Greg Hall
Member of Advisory Board0yrsno datano data
Joe Sandberg
Member of Advisory Board0yrsno datano data
Simon Tuma-Waku
Independent Director2yrsno datano data
Cesare Fazari
Independent Director1.9yrsno data1.53% $17.7k

2.0yrs

Average Tenure

Experienced Board: BANC's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.7%.


Top Shareholders

Company Information

Bankers Cobalt Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bankers Cobalt Corp.
  • Ticker: BANC
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$1.159m
  • Shares outstanding: 115.87m
  • Website: https://www.bankerscobalt.com

Location

  • Bankers Cobalt Corp.
  • 789 West Pender Street
  • Suite 1080
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BANCTSXV (TSX Venture Exchange)YesCommon StockCACADOct 2017
NDEN.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2017
BC2DB (Deutsche Boerse AG)YesCommon StockDEEUROct 2017

Biography

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. It holds interest in two exploration permits covering an area of 1,078 square kilometers located in Namibia. The company was incorporated in 2007 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 02:04
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
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.