TSXV:BOL

Stock Analysis Report

Executive Summary

Bold Ventures Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States.

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

Shareholders have been diluted in the past year



Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BOL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BOL

1.8%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

-50.0%

BOL

26.3%

CA Metals and Mining

9.4%

CA Market

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

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


Shareholder returns

BOLIndustryMarket
7 Day0%1.8%-0.2%
30 Day100.0%0.9%1.8%
90 Day100.0%10.1%6.3%
1 Year-50.0%-50.0%27.2%26.3%12.9%9.4%
3 Year-71.4%-71.4%0.7%-1.2%17.1%6.5%
5 Year-66.7%-66.7%28.1%23.9%37.3%17.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BOL is good value based on its PB Ratio (1.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

17.1%

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 Bold Ventures 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 Bold Ventures performed over the past 5 years?

50.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOL is currently unprofitable.

Growing Profit Margin: BOL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BOL is unprofitable, but has reduced losses over the past 5 years at a rate of 50.2% per year.

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

Earnings vs Industry: BOL 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: BOL has a negative Return on Equity (-36.85%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bold Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: BOL's short term assets (CA$21.7K) do not cover its short term liabilities (CA$101.5K).

Long Term Liabilities: BOL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BOL is debt free.

Reducing Debt: BOL had no debt 5 years ago.


Balance Sheet

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

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

Forecast Cash Runway: BOL has less than a year of cash runway if free cash flow continues to grow at historical rates of 45.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

7.9yrs

Average board tenure


CEO

David Graham 0

2.3yrs

Tenure

CA$75,000

Compensation

Since 1986, David B. Graham has been President of R. Bruce Graham and Associates Ltd., a natural resource management and mineral consulting company that has served the natural resource sector since 1956.  ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD57.40K) is below average for companies of similar size in the Canadian market ($USD165.67K).

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


Board Age and Tenure

7.9yrs

Average Tenure

62yo

Average Age

Experienced Board: BOL's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$22,50009 May 19
R. Bruce Graham and Associates Ltd
EntityCompany
Shares450,000
Max PriceCA$0.05

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Management Team

  • Bill Johnstone (62yo)

    Corporate Counsel

    • Tenure: 6.7yrs
  • Ian Brodie-Brown

    Consultant & Independent Director

    • Tenure: 7.9yrs
  • Rodger Roden

    Chief Financial Officer

    • Tenure: 7.3yrs
    • Compensation: CA$24.00k
  • David Graham

    President

    • Tenure: 2.3yrs
    • Compensation: CA$75.00k

Board Members

  • Mac Watson (83yo)

    Member of Advisory Board

    • Tenure: 2.3yrs
  • Steve Brunelle (62yo)

    Independent Director

    • Tenure: 2.4yrs
  • Bill Johnstone (62yo)

    Corporate Counsel

    • Tenure: 6.7yrs
  • Ian Brodie-Brown

    Consultant & Independent Director

    • Tenure: 7.9yrs
  • Bruce Mackie

    Member of Senior Tech Advisory Board

    • David Graham

      President

      • Tenure: 2.3yrs
      • Compensation: CA$75.00k
    • Jim Mungall

      Member of Senior Tech Advisory Board

      • Tenure: 8.9yrs
    • Jim Glover

      Independent Director

      • Tenure: 9.4yrs
    • Scott Hogg

      Member of Senior Tech Advisory Board

      • Tenure: 8.9yrs
    • Tracy Armstrong

      Member of Senior Tech Advisory Board

      • Tenure: 4yrs

    Company Information

    Bold Ventures Inc.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Bold Ventures Inc.
    • Ticker: BOL
    • Exchange: TSXV
    • Founded: 1989
    • Industry: Diversified Metals and Mining
    • Sector: Materials
    • Market Cap: CA$1.257m
    • Shares outstanding: 125.67m
    • Website: https://www.boldventuresinc.com

    Location

    • Bold Ventures Inc.
    • Bay Adelaide Centre - East Tower
    • Suite 3600
    • Toronto
    • Ontario
    • M5H 4E3
    • Canada

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    BOLTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2007
    BVLD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2007

    Biography

    Bold Ventures Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. It explores for chromium, copper, gold, lead, nickel, palladium, platinum, silver, lithium, and zinc deposits. The company primarily focuses on various claims located in and around the Ring of Fire area of northern Ontario and the Abitibi Greenstone Belt of northern Quebec. Its principal project is the Lac Grasset project in Quebec. The company was formerly known as Hydra-Max Industries Ltd. and changed its name to Bold Ventures Inc. in April 2006. Bold Ventures Inc. was incorporated in 1989 and is headquartered in Toronto, Canada. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/26 00:10
    End of Day Share Price2020/01/22 00:00
    Earnings2019/07/31
    Annual Earnings2018/10/31


    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.