TSXV:COPS

Stock Analysis Report

Executive Summary

CROPS Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Peru.

Risk Analysis

Revenue has declined by -75% over the past year

Makes less than USD$1m in revenue (CA$160K)

Does not have a meaningful market cap (CA$1M)

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

+ 2 more risks


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-20.0%

COPS

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-33.3%

COPS

4.4%

CA Metals and Mining

5.8%

CA Market

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

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


Shareholder returns

COPSIndustryMarket
7 Day-20.0%2.4%0.6%
30 Day33.3%1.2%0.5%
90 Day0%6.6%3.6%
1 Year-33.3%-33.3%5.0%4.4%9.1%5.8%
3 Year-91.7%-91.7%-10.4%-11.9%15.4%5.0%
5 Year-97.6%-97.6%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: COPS is overvalued based on its PB Ratio (5.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is CROPS 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 CROPS 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 CROPS performed over the past 5 years?

-21.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: COPS is currently unprofitable.

Growing Profit Margin: COPS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if COPS's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: COPS 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: COPS has a negative Return on Equity (-83.43%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CROPS's financial position?


Financial Position Analysis

Short Term Liabilities: COPS's short term assets (CA$1.0M) exceed its short term liabilities (CA$500.2K).

Long Term Liabilities: COPS's short term assets (CA$1.0M) do not cover its long term liabilities (CA$7.7M).


Debt to Equity History and Analysis

Debt Level: COPS's debt to equity ratio (140.3%) is considered high.

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


Balance Sheet

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

Debt Coverage by Assets: COPS's debt is not covered by short term assets (assets are 0.2x 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: Insufficient data to determine if COPS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if COPS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is CROPS'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 COPS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

7.4yrs

Average management tenure


CEO

Simon T. Ridgway (70yo)

10.3yrs

Tenure

CA$41,997

Compensation

Mr. Simon T. P. Ridgway is Founder of Radius Gold Inc. and Volcanic Gold Mines Inc. He serves as Chief Executive Officer at Volcanic Gold Mines Inc. since April 23, 2019 and has been its Director since Au ...


CEO Compensation Analysis

Compensation vs Market: Simon T.'s total compensation ($USD31.69K) is below average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Simon T.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Simon T. Ridgway
Chairman & CEO10.3yrsCA$42.00k7.87% CA$110.1k
Gordon Tainton
President & Director3.1yrsCA$127.04k1.51% CA$21.2k
Kevin Bales
Chief Financial Officer11.2yrsCA$23.14kno data
Bert Quin
Consultant4.5yrsno datano data

7.4yrs

Average Tenure

63yo

Average Age

Experienced Management: COPS's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Simon T. Ridgway
Chairman & CEO10.3yrsCA$42.00k7.87% CA$110.1k
Gordon Tainton
President & Director3.1yrsCA$127.04k1.51% CA$21.2k
Mario Szotlender
Independent Director24.8yrsno data5.98% CA$83.5k
Timothy Osler
Independent Director24.8yrsno data0.044% CA$608.6
Ralph Rushton
Director6.2yrsno data0.34% CA$4.7k
David Cass
Non-Independent Director11.2yrsCA$80.55k0.71% CA$10.0k

10.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: COPS's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COPS 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 diluted in the past year, with total shares outstanding growing by 11.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: CROPS Inc.
  • Ticker: COPS
  • Exchange: TSXV
  • Founded: 1993
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$1.398m
  • Shares outstanding: 69.89m
  • Website: https://www.crop2o5.com

Location

  • CROPS Inc.
  • 200 Burrard Street
  • Suite 650
  • Vancouver
  • British Columbia
  • V6C 3L6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COPSTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1996

Biography

CROPS Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Peru. The company primarily holds an interest in the Bayovar 12 phosphate project covering approximately 12,575 hectares in the Sechura district of northern Peru. It also explores for precious metals. The company was formerly known as Focus Ventures Ltd. and changed its name to CROPS Inc. in April 2018. CROPS Inc. was incorporated in 1993 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:50
End of Day Share Price2020/02/13 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.