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CKG

Chesapeake Gold TSXV:CKG Stock Report

Last Price

CA$2.07

Market Cap

CA$139.4m

7D

2.5%

1Y

-37.8%

Updated

06 Oct, 2022

Data

Company Financials
CKG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CKG Stock Overview

Chesapeake Gold Corp., a mineral exploration and development company, focuses on the discovery, acquisition, and development of gold and silver deposits in North and Central America.

Chesapeake Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chesapeake Gold
Historical stock prices
Current Share PriceCA$2.07
52 Week HighCA$4.11
52 Week LowCA$1.80
Beta0.79
1 Month Change-5.91%
3 Month Change-0.48%
1 Year Change-37.84%
3 Year Change-31.00%
5 Year Change-44.05%
Change since IPO18.29%

Recent News & Updates

Jul 27
Here's Why We're Not Too Worried About Chesapeake Gold's (CVE:CKG) Cash Burn Situation

Here's Why We're Not Too Worried About Chesapeake Gold's (CVE:CKG) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

CKGCA Metals and MiningCA Market
7D2.5%7.2%3.2%
1Y-37.8%-6.5%-4.9%

Return vs Industry: CKG underperformed the Canadian Metals and Mining industry which returned -6.1% over the past year.

Return vs Market: CKG underperformed the Canadian Market which returned -3% over the past year.

Price Volatility

Is CKG's price volatile compared to industry and market?
CKG volatility
CKG Average Weekly Movement12.8%
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: CKG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CKG's weekly volatility (13%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aAlan Pangbournehttps://www.chesapeakegold.com

Chesapeake Gold Corp., a mineral exploration and development company, focuses on the discovery, acquisition, and development of gold and silver deposits in North and Central America. The company also explores for zinc ores. The company’s flagship project is the Metates project, which comprises 12 mineral concessions totaling 4,261 hectares located in Durango State, Mexico.

Chesapeake Gold Fundamentals Summary

How do Chesapeake Gold's earnings and revenue compare to its market cap?
CKG fundamental statistics
Market CapCA$139.45m
Earnings (TTM)-CA$6.03m
Revenue (TTM)n/a

0.0x

P/S Ratio

-23.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CKG income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$6.03m
Earnings-CA$6.03m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.089
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CKG perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 CKG?

Other financial metrics that can be useful for relative valuation.

CKG 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/Revenuen/a
Enterprise Value/EBITDA-23.5x
PEG Ration/a

Price to Book Ratio vs Peers

How does CKG's PB Ratio compare to its peers?

CKG PB Ratio vs Peers
The above table shows the PB ratio for CKG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.2x
VOX Vox Royalty
2.8x64.2%CA$135.0m
SCZ Santacruz Silver Mining
5.7xn/aCA$160.8m
MPVD Mountain Province Diamonds
0.3xn/aCA$124.4m
GSVR Guanajuato Silver
4.1xn/aCA$131.9m
CKG Chesapeake Gold
0.9xn/aCA$139.4m

Price-To-Book vs Peers: CKG is good value based on its Price-To-Book Ratio (0.9x) compared to the peer average (3.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: CKG is good value based on its Price-To-Book Ratio (0.9x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

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

CKG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate CKG'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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.9%

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 Chesapeake Gold 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.


Discover growth companies

  • Examine Chesapeake Gold'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.
  • Chesapeake Gold competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Chesapeake Gold performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CKG is currently unprofitable.

Growing Profit Margin: CKG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CKG is unprofitable, and losses have increased over the past 5 years at a rate of 19.4% per year.

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

Earnings vs Industry: CKG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: CKG has a negative Return on Equity (-3.84%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Chesapeake Gold's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CKG's short term assets (CA$30.5M) exceed its short term liabilities (CA$1.4M).

Long Term Liabilities: CKG's short term assets (CA$30.5M) exceed its long term liabilities (CA$8.4M).


Debt to Equity History and Analysis

Debt Level: CKG is debt free.

Reducing Debt: CKG has no debt compared to 5 years ago when its debt to equity ratio was 0.8%.


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: CKG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CKG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 10.1% each year


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Dividend

What is Chesapeake 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

Chesapeake Gold Dividend Yield vs Market
How does Chesapeake Gold dividend yield compare to the market?
SegmentDividend Yield
Company (Chesapeake Gold)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Metals and Mining)2.5%
Analyst forecast in 3 Years (Chesapeake Gold)n/a

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

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

Growing Dividend: Insufficient data to determine if CKG'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 CKG has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure


CEO

Alan Pangbourne (61 yo)

1.75yrs

Tenure

CA$350,000

Compensation

Mr. Alan N. Pangbourne, B.Ap.Sc., ICD D, has been an Independent Non-Executive Director of OceanaGold Corporation since October 01, 2022. He serves as Chief Executive Officer and Director at Chesapeake Gol...


CEO Compensation Analysis

Alan Pangbourne's Compensation vs Chesapeake Gold Earnings
How has Alan Pangbourne's remuneration changed compared to Chesapeake Gold's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$6m

Mar 31 2022n/an/a

-CA$6m

Dec 31 2021CA$350kCA$350k

-CA$7m

Compensation vs Market: Alan's total compensation ($USD255.06K) is above average for companies of similar size in the Canadian market ($USD177.91K).

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


Leadership Team

Experienced Management: CKG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CKG's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of CKG?
Owner TypeNumber of SharesOwnership Percentage
Institutions838,8801.2%
Private Companies2,612,3753.9%
Hedge Funds4,790,1387.1%
Individual Insiders23,665,62835.1%
General Public35,459,84552.6%

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


Top Shareholders

Top 18 shareholders own 47.36% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13%
Eric Sprott
8,758,399CA$18.1m0%no data
11.07%
Alan Pangbourne
7,456,000CA$15.4m0%no data
7.11%
Sun Valley Gold LLC
4,790,138CA$9.9m0%3.53%
6.37%
P. Reifel
4,291,278CA$8.9m0%no data
3.43%
Sun Valley Gold Company
2,312,375CA$4.8m0%no data
3.12%
Thezpaul Dhatt
2,100,000CA$4.3m0%no data
1.17%
Konwave AG
788,300CA$1.6m0%0.14%
0.59%
John Perston
397,800CA$823.4k0%no data
0.45%
Brant Investments Ltd
300,000CA$621.0k0%no data
0.4%
Christian Falck
272,500CA$564.1k0%no data
0.16%
Lian Li
108,500CA$224.6k0%no data
0.11%
Gary Parkison
75,000CA$155.3k0%no data
0.11%
Peter Palmedo
72,500CA$150.1k0%no data
0.11%
Alberto Galicia
72,100CA$149.2k0%no data
0.077%
Randy Buffington
51,551CA$106.7k0%no data
0.071%
iW Partners S.A.
47,700CA$98.7k0%0.22%
0.015%
Bernard Poznanski
10,000CA$20.7k0%no data
0.0043%
Castleview Partners, LLC
2,880CA$6.0k80%no data

Company Information

Chesapeake Gold Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Chesapeake Gold Corp.
  • Ticker: CKG
  • Exchange: TSXV
  • Founded: 1993
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: CA$139.449m
  • Shares outstanding: 67.37m
  • Website: https://www.chesapeakegold.com

Number of Employees


Location

  • Chesapeake Gold Corp.
  • 1166 Alberni Street
  • Suite 1201
  • Vancouver
  • British Columbia
  • V6E 3Z3
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CKGTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2002
CKGDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2002
CHPG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 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.