TSXV:BBB

Stock Analysis Report

Executive Summary

Brixton Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada.

Risk Analysis

Earnings have declined by -29% per year over past 5 years

Has less than 1 year of cash runway

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

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Brixton Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.1%

BBB

1.9%

CA Metals and Mining

1.4%

CA Market


1 Year Return

-8.8%

BBB

28.1%

CA Metals and Mining

10.1%

CA Market

Return vs Industry: BBB underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: BBB underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

BBBIndustryMarket
7 Day-6.1%1.9%1.4%
30 Day-6.1%5.1%2.6%
90 Day-22.5%10.8%6.5%
1 Year-8.8%-8.8%29.0%28.1%13.7%10.1%
3 Year-62.2%-62.2%-1.6%-3.4%17.8%7.1%
5 Year29.2%29.2%26.4%22.2%36.3%16.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Brixton Metals undervalued compared to its fair value and its price relative to the market?

1.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BBB is overvalued based on its PB Ratio (2.1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.5%

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 Brixton Metals 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 Brixton Metals performed over the past 5 years?

-29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBB is currently unprofitable.

Growing Profit Margin: BBB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BBB is unprofitable, and losses have increased over the past 5 years at a rate of -29% per year.

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

Earnings vs Industry: BBB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: BBB has a negative Return on Equity (-69.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Brixton Metals's financial position?


Financial Position Analysis

Short Term Liabilities: BBB's short term assets (CA$1.2M) exceed its short term liabilities (CA$207.8K).

Long Term Liabilities: BBB's short term assets (CA$1.2M) exceed its long term liabilities (CA$176.1K).


Debt to Equity History and Analysis

Debt Level: BBB is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BBB's debt is 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: BBB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BBB has less than a year of cash runway if free cash flow continues to reduce at historical rates of -17.2% each year


Next Steps

Dividend

What is Brixton Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BBB'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 BBB'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 Brixton Metals's salary, the management and board of directors tenure and is there insider trading?

7.2yrs

Average management tenure


CEO

Gary Thompson (55yo)

8.9yrs

Tenure

CA$402,903

Compensation

Mr. Gary Robert Thompson, P.Geo., has been a Director at Stuhini Exploration Ltd. since June 28, 2018. Mr. Thompson co-founded Brixton Metals Corporation and serves as its Chairman, Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD308.38K) is above average for companies of similar size in the Canadian market ($USD165.67K).

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


Management Age and Tenure

7.2yrs

Average Tenure

Experienced Management: BBB's management team is seasoned and experienced (7.2 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

49yo

Average Age

Experienced Board: BBB's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$12,58605 Jan 20
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares58,000
Max PriceCA$0.22
BuyCA$4,70002 Nov 19
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares20,000
Max PriceCA$0.23
BuyCA$9,00012 Sep 19
Randall Thompson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50,000
Max PriceCA$0.18
BuyCA$4,005,00014 Aug 19
Eric Sprott
EntityIndividual
Shares22,250,000
Max PriceCA$0.18
BuyCA$5,00009 Aug 19
Ian Ball
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares22,727
Max PriceCA$0.22
BuyCA$8,68020 Jul 19
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares40,000
Max PriceCA$0.22
BuyCA$12,50029 Apr 19
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceCA$0.13
BuyCA$1,80013 Apr 19
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceCA$0.18
BuyCA$5,55023 Mar 19
Gary Thompson
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares30,000
Max PriceCA$0.18

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 43%.


Management Team

  • Gary Thompson (55yo)

    Co-Founder

    • Tenure: 8.9yrs
    • Compensation: CA$402.90k
  • Cale Moodie (43yo)

    Co-Founder

    • Tenure: 9.2yrs
    • Compensation: CA$213.95k
  • Sorin Posescu

    Vice President of Exploration

    • Tenure: 7.2yrs
    • Compensation: CA$219.13k
  • Danette Schwab

    Senior Geologist

    • Tenure: 4yrs

Board Members

  • Carl Hering (70yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: CA$100.95k
  • Ian Ball (37yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: CA$71.30k
  • Gary Thompson (55yo)

    Co-Founder

    • Tenure: 8.9yrs
    • Compensation: CA$402.90k
  • Cale Moodie (43yo)

    Co-Founder

    • Tenure: 9.2yrs
    • Compensation: CA$213.95k
  • Randall Thompson

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: CA$22.73k

Company Information

Brixton Metals Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brixton Metals Corporation
  • Ticker: BBB
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$22.670m
  • Shares outstanding: 146.26m
  • Website: https://www.brixtonmetals.com

Location

  • Brixton Metals Corporation
  • 409 Granville Street
  • Suite 551
  • Vancouver
  • British Columbia
  • V6C 1T2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBBTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2010
BBBX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2010
8BX1BST (Boerse-Stuttgart)YesCommon SharesDEEURDec 2010

Biography

Brixton Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company primarily explores for gold and silver. It holds a 100% interest in the Thorn gold-copper-silver project located in British Columbia. The company also holds interests in the Atlin Gold project, which is located in Atlin, British Columbia; the Hog Heaven silver-gold project that is located in northwest Montana; and the Langis-Hudson Bay cobalt project, which is located in Ontario. Brixton Metals 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 Analysis2020/01/21 00:27
End of Day Share Price2020/01/20 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.