TSXV:BTR

Stock Analysis Report

Bonterra Resources

Executive Summary

Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada.

Risk Analysis

Earnings have declined by -75.05% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

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

+ 3 more risks


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.8%

BTR

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-20.5%

BTR

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: BTR underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: BTR underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

BTRIndustryMarket
7 Day-4.8%2.4%0.6%
30 Day-7.0%1.2%0.5%
90 Day-17.2%6.6%3.6%
1 Year-20.5%-20.5%5.0%4.4%9.1%5.8%
3 Year-53.9%-53.9%-10.4%-11.9%15.4%5.0%
5 Year-60.7%-60.7%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BTR is overvalued based on its PB Ratio (2.9x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.6%

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 Bonterra Resources 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 Bonterra Resources performed over the past 5 years?

-75.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTR is currently unprofitable.

Growing Profit Margin: BTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BTR is unprofitable, and losses have increased over the past 5 years at a rate of -75% per year.

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

Earnings vs Industry: BTR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: BTR has a negative Return on Equity (-263.1%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bonterra Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BTR's short term assets (CA$13.6M) do not cover its short term liabilities (CA$16.6M).

Long Term Liabilities: BTR's short term assets (CA$13.6M) exceed its long term liabilities (CA$6.5M).


Debt to Equity History and Analysis

Debt Level: BTR is debt free.

Reducing Debt: BTR had no debt 5 years ago.


Balance Sheet

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

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

Forecast Cash Runway: BTR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -57.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

0.7yrs

Average management tenure


CEO

Greg Gibson (57yo)

1yrs

Tenure

CA$217,626

Compensation

Mr. Gregory Gibson, also known as Greg, has been President and Chief Executive Officer of Bonterra Resources Inc. since September 2019 and has been its Chairman of the Board since September 24, 2018. Mr. G ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD164.22K) is about average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Insufficient data to compare Greg's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Gibson
CEO, President & Chairman1yrsCA$217.63k0.15% CA$179.7k
Pascal Hamelin
Chief Operating Officer0yrsCA$330.76k0.0087% CA$10.7k
Allan Folk
Director and VP of Investor Relations & Business Development2.8yrsno data0.13% CA$165.3k
Johnny Oliveira
Interim Chief Financial Officer0.3yrsno datano data
Anik Gendron
General Counsel & Corporate Secretary1.1yrsno datano data
Dominic Verdejo
Vice President of Corporate Development8.8yrsno datano data
James Lavigne
Vice President of Exploration0.4yrsno datano data

0.7yrs

Average Tenure

57yo

Average Age

Experienced Management: BTR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gregory Gibson
CEO, President & Chairman1yrsCA$217.63k0.15% CA$179.7k
Allan Folk
Director and VP of Investor Relations & Business Development2.8yrsno data0.13% CA$165.3k
Christina Sylvia Ouellette
Non-Independent Director1.4yrsno data0.033% CA$40.6k
Akiba Jacob Leisman
Independent Director1yrsno datano data
Matthew Happyjack
Independent Director0.9yrsno datano data

1.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: BTR's board of directors are not considered experienced ( 1.4 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: BTR 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 substantially diluted in the past year, with total shares outstanding growing by 110.7%.


Top Shareholders

Company Information

Bonterra Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bonterra Resources Inc.
  • Ticker: BTR
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$123.215m
  • Shares outstanding: 77.49m
  • Website: https://btrgold.com

Location

  • Bonterra Resources Inc.
  • 2872 Sullivan Road
  • Suite No. 2
  • Val-d’Or
  • Quebec
  • J9P 0B9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTRTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2009
9BR2DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2009
BONX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2009

Biography

Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold and silver deposits. It holds interest in the Gladiator Deposit, the Moroy Deposit and Bonterra Mill, and the Barry Deposit located in the provinces of Ontario and Quebec, Canada. The company was incorporated in 2007 and is headquartered in Val-d’Or, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:39
End of Day Share Price2020/02/14 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.