TSXV:BMET

Stock Analysis Report

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Executive Summary

BeMetals Corp. explores for, develops, and produces base metal properties.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

9.4%

BMET

2.6%

CA Metals and Mining

1.5%

CA Market


1 Year Return

40.0%

BMET

34.6%

CA Metals and Mining

-11.5%

CA Market

Return vs Industry: BMET exceeded the Canadian Metals and Mining industry which returned 31.4% over the past year.

Return vs Market: BMET exceeded the Canadian Market which returned -12.4% over the past year.


Shareholder returns

BMETIndustryMarket
7 Day9.4%2.6%1.5%
30 Day52.2%14.0%-2.3%
90 Day159.3%45.4%12.2%
1 Year40.0%40.0%35.6%34.6%-8.4%-11.5%
3 Yearn/a32.4%30.2%4.4%-5.5%
5 Year2233.3%2233.3%87.9%82.8%21.9%3.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BMET is overvalued based on its PB Ratio (3.9x) compared to the CA Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

20.5%

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 BeMetals 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 BeMetals performed over the past 5 years?

-39.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMET is currently unprofitable.

Growing Profit Margin: BMET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BMET is unprofitable, and losses have increased over the past 5 years at a rate of -39.9% per year.

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

Earnings vs Industry: BMET is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).


Return on Equity

High ROE: BMET has a negative Return on Equity (-13.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is BeMetals's financial position?


Financial Position Analysis

Short Term Liabilities: BMET's short term assets (CA$843.3K) do not cover its short term liabilities (CA$1.5M).

Long Term Liabilities: BMET has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BMET is debt free.

Reducing Debt: BMET currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: BMET has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BMET has less than a year of cash runway if free cash flow continues to reduce at historical rates of 60.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.4yrs

Average management tenure


CEO

John Wilton (49yo)

2.42yrs

Tenure

CA$225,244

Compensation

Mr. John Wilton has been Chief Executive Officer, President and Director of BeMetals Corp. (formerly known as BQ Metals Corp.) since February 26, 2018. He graduated with BSc Honours in geology from the Uni ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD166.34K) is about average for companies of similar size in the Canadian market ($USD173.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Wilton
CEO, President & Director2.42yrsCA$225.24k0.36% CA$131.4k
Kristen Reinertson
CFO, Corporate Secretary & Director2.17yrsno data0.066% CA$24.5k
Derek Iwanaka
VP of Investor Relations & Corporate Development1.75yrsCA$140.00k1.13% CA$417.3k
Richard Sillitoe
Strategic & Technical Advisor1.83yrsno datano data
Dennis Stansbury
Technical Advisor2.5yrsno datano data

2.4yrs

Average Tenure

49yo

Average Age

Experienced Management: BMET's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Wilton
CEO, President & Director2.42yrsCA$225.24k0.36% CA$131.4k
Kristen Reinertson
CFO, Corporate Secretary & Director2.17yrsno data0.066% CA$24.5k
Clive Johnson
Independent Director3.58yrsno data9.37% CA$3.5m
Tom Garagan
Independent Director3.58yrsno data4.15% CA$1.5m
Roger Richer
Independent Director3.58yrsno data4.03% CA$1.5m

3.6yrs

Average Tenure

60yo

Average Age

Experienced Board: BMET's board of directors are considered experienced (3.6 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: BeMetals Corp.
  • Ticker: BMET
  • Exchange: TSXV
  • Founded: 2008
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$36.893m
  • Shares outstanding: 105.41m
  • Website: https://www.bemetalscorp.com

Location

  • BeMetals Corp.
  • Three Bentall Centre
  • Suite 3123
  • Vancouver
  • British Columbia
  • V7X 1J1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMETTSXV (TSX Venture Exchange)YesCommon SharesCACADMar 2010
BMTL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2010
1OIDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2010

Biography

BeMetals Corp. explores for, develops, and produces base metal properties. The company primarily has an option to acquire approximately 72% interest in the Pangeni copper project, which covers a total area of 575.68 square kilometers located in Zambia; and 100% interest in the South Mountain zinc-silver-gold-copper development project located in Southwest Idaho. The company was formerly known as BQ Metals Corp. and changed its name to BeMetals Corp. in April 2018. BeMetals Corp. was incorporated in 2008 and 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 Analysis2020/07/07 00:17
End of Day Share Price2020/07/06 00:00
Earnings2020/03/31
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.