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CERT

Cerrado Gold TSXV:CERT Stock Report

Last Price

CA$0.84

Market Cap

CA$66.0m

7D

-9.7%

1Y

-42.1%

Updated

25 Sep, 2022

Data

Company Financials +
CERT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends0/6

CERT Stock Overview

Cerrado Gold Inc. operates as a gold mining and exploration company in South America.

Cerrado Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cerrado Gold
Historical stock prices
Current Share PriceCA$0.84
52 Week HighCA$1.96
52 Week LowCA$0.80
Beta0
1 Month Change-32.26%
3 Month Change-44.74%
1 Year Change-42.07%
3 Year Changen/a
5 Year Changen/a
Change since IPO-32.80%

Recent News & Updates

Aug 08
We Like These Underlying Return On Capital Trends At Cerrado Gold (CVE:CERT)

We Like These Underlying Return On Capital Trends At Cerrado Gold (CVE:CERT)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

CERTCA Metals and MiningCA Market
7D-9.7%-4.9%-4.8%
1Y-42.1%-15.5%-7.2%

Return vs Industry: CERT underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: CERT underperformed the Canadian Market which returned -7.2% over the past year.

Price Volatility

Is CERT's price volatile compared to industry and market?
CERT volatility
CERT Average Weekly Movement9.3%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: CERT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CERT's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMark Brennanhttps://www.cerradogold.com

Cerrado Gold Inc. operates as a gold mining and exploration company in South America. The company primarily explores for gold and silver deposits. It owns 100% interests in the Minera Don Nicolas project covering an area of approximately 333,400 ha located in Santa Cruz province, Argentina; Monte Do Carmo gold project that consists of 14 exploration permits covering an area of 67,785 ha located in Tocantins, Brazil; and Minera Mariana, including the Las Calandrias and Los Cisnes projects covering an area of 60,400 ha located in Santa Cruz province of Argentina.

Cerrado Gold Fundamentals Summary

How do Cerrado Gold's earnings and revenue compare to its market cap?
CERT fundamental statistics
Market CapCA$66.00m
Earnings (TTM)CA$4.07m
Revenue (TTM)CA$120.39m

16.2x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CERT income statement (TTM)
RevenueUS$88.75m
Cost of RevenueUS$48.24m
Gross ProfitUS$40.50m
Other ExpensesUS$37.51m
EarningsUS$3.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.038
Gross Margin45.64%
Net Profit Margin3.38%
Debt/Equity Ratio131.3%

How did CERT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CERT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CERT?

Other financial metrics that can be useful for relative valuation.

CERT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA2.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CERT's PE Ratio compare to its peers?

CERT PE Ratio vs Peers
The above table shows the PE ratio for CERT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.7x
FURY Fury Gold Mines
2.2x-128.1%CA$71.1m
FISH Sailfish Royalty
22.7xn/aCA$58.1m
MJS Majestic Gold
4.8xn/aCA$52.1m
MGZ.H Mangazeya Mining
0.9xn/aCA$45.1m
CERT Cerrado Gold
16.2xn/aCA$66.0m

Price-To-Earnings vs Peers: CERT is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (7.7x).


Price to Earnings Ratio vs Industry

How does CERT's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: CERT is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the Canadian Metals and Mining industry average (9.1x)


Price to Earnings Ratio vs Fair Ratio

What is CERT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CERT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CERT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CERT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CERT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CERT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Cerrado Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CERT's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if CERT's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if CERT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CERT's revenue (42.5% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: CERT's revenue (42.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CERT's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Cerrado Gold performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CERT has a high level of non-cash earnings.

Growing Profit Margin: CERT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CERT has become profitable over the past 5 years, growing earnings by -12.6% per year.

Accelerating Growth: CERT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CERT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.3%).


Return on Equity

High ROE: CERT's Return on Equity (15.8%) is considered low.


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Financial Health

How is Cerrado Gold's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CERT's short term assets ($59.9M) exceed its short term liabilities ($58.9M).

Long Term Liabilities: CERT's short term assets ($59.9M) exceed its long term liabilities ($53.1M).


Debt to Equity History and Analysis

Debt Level: CERT's net debt to equity ratio (55.5%) is considered high.

Reducing Debt: Insufficient data to determine if CERT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CERT's debt is well covered by operating cash flow (50.8%).

Interest Coverage: CERT's interest payments on its debt are well covered by EBIT (15.8x coverage).


Balance Sheet


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Dividend

What is Cerrado Gold current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CERT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CERT has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Mark Brennan (57 yo)

no data

Tenure

US$300,060

Compensation

Mr. Mark Peter Brennan is the Founding Partner of Ascendant Resources Inc. and its Executive Chairman since May 01, 2017. He serves as the Member of Advisory Board at aXpire. He served as Chief Executive O...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD300.06K) is above average for companies of similar size in the Canadian market ($USD179.12K).

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


Leadership Team

Experienced Management: CERT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: CERT's board of directors are not considered experienced ( 1.6 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: CERT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:CERT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Sep 22BuyCA$3,930David BallIndividual4,000CA$0.99
20 Jan 22SellCA$1,800,000Monte Sinai Mineracao LtdaCompany1,200,000CA$1.50
21 Dec 21BuyCA$21,600Carl CalandraIndividual15,000CA$1.44
20 Dec 21BuyCA$21,529Carl CalandraIndividual15,000CA$1.44
17 Dec 21BuyCA$65,250David BallIndividual45,000CA$1.45
17 Dec 21BuyCA$23,200Mark BrennanIndividual16,000CA$1.45
17 Dec 21SellCA$145,000Monte Sinai Mineracao LtdaCompany100,000CA$1.45
09 Dec 21SellCA$139,357Mark BrennanIndividual87,200CA$1.64
08 Dec 21BuyCA$12,830David BallIndividual8,000CA$1.61
17 Nov 21SellCA$10,564Monte Sinai Mineracao LtdaCompany5,700CA$1.86

Ownership Breakdown

What is the ownership structure of CERT?
Owner TypeNumber of SharesOwnership Percentage
Institutions4,950,0006.3%
Private Companies11,694,30014.9%
Individual Insiders15,281,67919.5%
General Public46,625,80859.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Top 20 shareholders own 40.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.89%
Monte Sinai Mineracao Ltda
11,694,300$9.8m0%no data
6.54%
Mark Brennan
5,133,839$4.3m8.45%no data
5.05%
Stephen Shefsky
3,963,373$3.3m0%no data
4.9%
Franklin Resources, Inc.
3,850,000$3.2m0%no data
2.36%
Kurt Menchen
1,854,999$1.6m14.98%no data
1.79%
Clifford Hale-Sanders
1,406,250$1.2m31.07%no data
1.59%
Robert Campbell
1,250,000$1.1m19.05%no data
1.4%
Quantex AG
1,100,000$924.0k0%0.09%
0.51%
Casper Groenewald
400,000$336.0k0%no data
0.45%
Elmer Salomao Neto
350,000$294.0k16.67%no data
0.27%
Rohan Hazelton
212,500$178.5k0%no data
0.14%
David Ball
107,000$89.9k3.88%no data
0.13%
Jennifer Ta
100,733$84.6k0%no data
0.13%
Oscar de Gouveia
100,000$84.0k0%no data
0.13%
Jad Salomao
100,000$84.0k0%no data
0.1%
Christopher Jones
80,340$67.5k0%no data
0.1%
Carl Calandra
80,000$67.2k0%no data
0.066%
Sergio Gelcich
52,129$43.8k0%no data
0.064%
Jonathan Gilligan
50,000$42.0k0%no data
0.052%
Jason Brooks
40,516$34.0k0%no data

Company Information

Cerrado Gold Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cerrado Gold Inc.
  • Ticker: CERT
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$66.000m
  • Shares outstanding: 78.57m
  • Website: https://www.cerradogold.com

Location

  • Cerrado Gold Inc.
  • 200 Bay Street
  • Suite 3205
  • Toronto
  • Ontario
  • M5J 2J2
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CERTTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2021
CRDO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.