Central Iron Ore Limited focuses on the exploration and development of iron ore and gold projects in Western Australia.
Adequate balance sheet and overvalued.
Share Price & News
How has Central Iron Ore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CIO has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: CIO underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.
Return vs Market: CIO underperformed the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Central Iron Ore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDid You Miss Central Iron Ore's (CVE:CIO) 100% Share Price Gain?
4 months ago | Simply Wall StAnnouncing: Central Iron Ore (CVE:CIO) Stock Increased An Energizing 200% In The Last Five Years
11 months ago | Simply Wall StCan You Imagine How Central Iron Ore's (CVE:CIO) Shareholders Feel About The 67% Share Price Increase?
Is Central Iron Ore undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CIO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CIO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CIO is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: CIO 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 CIO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CIO is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.5x).
How is Central Iron Ore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Central Iron Ore 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.
- Examine Central Iron Ore's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Central Iron Ore competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Central Iron Ore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CIO is currently unprofitable.
Growing Profit Margin: CIO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CIO is unprofitable, but has reduced losses over the past 5 years at a rate of 17.1% per year.
Accelerating Growth: Unable to compare CIO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CIO 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: CIO has a negative Return on Equity (-55.5%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Central Iron Ore's financial position?
Financial Position Analysis
Short Term Liabilities: CIO's short term assets (A$1.3M) do not cover its short term liabilities (A$1.4M).
Long Term Liabilities: CIO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CIO's debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: CIO's debt to equity ratio has increased from 5.2% to 34.2% over the past 5 years.
Inventory Level: CIO has a low level of unsold assets or inventory.
Debt Coverage by Assets: CIO's debt is covered by short term assets (assets are 1.9x debt).
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: Whilst unprofitable CIO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CIO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.9% per year.
What is Central Iron Ore's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CIO'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 CIO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CIO'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 CIO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brett Hodgins (46yo)
Mr. Brett James Hodgins BSc (Hons), Grad Dip FINSIA has been the Chief Executive Officer and President of Central Iron Ore Limited since February 2011. He has been Technical Director of Redstone Resources ...
CEO Compensation Analysis
Compensation vs Market: Brett's total compensation ($USD55.38K) is below average for companies of similar size in the Canadian market ($USD155.16K).
Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||6.3yrs||AU$39.28k||no data|
|Chief Operating Officer||9yrs||no data||no data|
|Chief Information Officer & Company Secretary||8.1yrs||no data||no data|
Experienced Management: CIO's management team is seasoned and experienced (8.5 years average tenure).
|Non-Executive Director||8.7yrs||no data||no data|
|Chairman of the Board||9yrs||AU$104.80k||no data|
Experienced Board: CIO's board of directors are considered experienced (9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Central Iron Ore Limited's company bio, employee growth, exchange listings and data sources
- Name: Central Iron Ore Limited
- Ticker: CIO
- Exchange: TSXV
- Founded: 1996
- Industry: Gold
- Sector: Materials
- Market Cap: CA$727.107k
- Shares outstanding: 72.71m
- Website: https://www.centralironorelimited.com
- Central Iron Ore Limited
- 49-51 York Street
- Suite 1
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CIO||TSXV (TSX Venture Exchange)||Yes||Ordinary Shares||CA||CAD||Jun 2004|
Central Iron Ore Limited focuses on the exploration and development of iron ore and gold projects in Western Australia. It holds interests in the Yilgarn Iron Ore Project, which comprises 10 tenements covering 652 square kilometers located within the Yilgarn Iron Ore Province; and the South Darlot Gold Project that covers an area of 190 square kilometers situated in North West of Kalgoorlie. The company was formerly known as International Gold Mining Limited and changed its name to Central Iron Ore Limited in January 2010. Central Iron Ore Limited was incorporated in 1996 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:08|
|End of Day Share Price||2020/01/31 00:00|
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.