TSXV:BHS

Stock Analysis Report

Executive Summary

Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Bayhorse Silver's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-25.0%

BHS

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-25.0%

BHS

2.2%

CA Metals and Mining

-2.0%

CA Market

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

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


Shareholder returns

BHSIndustryMarket
7 Day-25.0%-6.0%-6.2%
30 Day-21.1%-1.0%-5.0%
90 Day-11.8%4.9%-2.8%
1 Year-25.0%-25.0%2.9%2.2%1.1%-2.0%
3 Year-50.0%-50.0%-2.8%-4.5%10.7%0.6%
5 Year-16.7%-16.7%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bayhorse Silver undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Bayhorse Silver is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Bayhorse Silver 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.


Next Steps

  • Take a look at our analysis of BHS’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.
  • 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 Bayhorse Silver regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Bayhorse Silver 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 Bayhorse Silver 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 Bayhorse Silver performed over the past 5 years?

-28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHS is currently unprofitable.

Growing Profit Margin: BHS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BHS is unprofitable, and losses have increased over the past 5 years at a rate of -28.4% per year.

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

Earnings vs Industry: BHS 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: BHS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bayhorse Silver's financial position?


Financial Position Analysis

Short Term Liabilities: BHS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BHS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BHS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BHS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: BHS has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: BHS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BHS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.5% each year


Next Steps

Dividend

What is Bayhorse Silver's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

7.8yrs

Average board tenure


CEO

Graeme O’Neill (74yo)

15.8yrs

Tenure

CA$333,413

Compensation

Mr. Graeme James O'Neill has been the Chief Executive Officer and President of Bayhorse Silver Inc. since April 2004. Mr. O'Neill is responsible for the overall Operations of New Project Generation for Bay ...


Board Members

NamePositionTenureCompensationOwnership
Graeme O’Neill
President15.8yrsCA$333.41k11.02% CA$887.5k
Stewart Jackson
Member of Advisory Board5.7yrsno datano data
John Cerenzia
Independent Director15.4yrsno data0.074% CA$6.0k
Corey Klassen
Independent Director9.8yrsno data0.032% CA$2.6k
Richard Jolk
Member of Advisory Board4.5yrsno datano data
James Walker
Director0.8yrsno datano data

7.8yrs

Average Tenure

73.5yo

Average Age

Experienced Board: BHS's board of directors are considered experienced (7.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BHS insiders have bought more shares than they have sold 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 24.8%.


Top Shareholders

Company Information

Bayhorse Silver Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bayhorse Silver Inc.
  • Ticker: BHS
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$8.057m
  • Shares outstanding: 107.42m
  • Website: https://www.bayhorsesilver.com

Location

  • Bayhorse Silver Inc.
  • 2501-4398 Buchanan Street
  • Burnaby
  • British Columbia
  • V5C 6R7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHSTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2006
7KXNDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2006
KXPL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2006

Biography

Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon; and a 75% undivided right, title, and interest in the Bridging the Gap (Government Gulch) Property situated in the Coeur d'Alene Mining District, Idaho. It also holds an option agreement to acquire 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc. and changed its name to Bayhorse Silver Inc. in December 2013. Bayhorse Silver Inc. was incorporated in 2004 and is headquartered in Burnaby, 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 00:39
End of Day Share Price2020/02/27 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.