TSXV:CORE

Stock Analysis Report

Canadian Orebodies

Executive Summary

Canadian Orebodies Inc. engages in the exploration and development of mineral properties in Canada.

Risk Analysis

Earnings have declined by -27.22% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$5M)

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

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-9.5%

CORE

0.8%

CA Metals and Mining

0.8%

CA Market


1 Year Return

-66.1%

CORE

28.8%

CA Metals and Mining

10.6%

CA Market

Return vs Industry: CORE underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: CORE underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

COREIndustryMarket
7 Day-9.5%0.8%0.8%
30 Day-20.8%1.0%2.1%
90 Day5.6%8.5%6.6%
1 Year-66.1%-66.1%29.8%28.8%14.1%10.6%
3 Yearn/a-0.5%-2.3%17.0%6.4%
5 Year280.0%280.0%30.0%25.8%38.5%18.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CORE is overvalued based on its PB Ratio (9.7x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

18.0%

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 Canadian Orebodies 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 Canadian Orebodies performed over the past 5 years?

-27.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CORE is currently unprofitable.

Growing Profit Margin: CORE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CORE is unprofitable, and losses have increased over the past 5 years at a rate of -27.2% per year.

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

Earnings vs Industry: CORE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: CORE has a negative Return on Equity (-343.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Canadian Orebodies's financial position?


Financial Position Analysis

Short Term Liabilities: CORE's short term assets (CA$688.5K) exceed its short term liabilities (CA$130.6K).

Long Term Liabilities: CORE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CORE is debt free.

Reducing Debt: CORE has no debt compared to 5 years ago when its debt to equity ratio was 1.4%.


Balance Sheet

Inventory Level: CORE has a low level of unsold assets or inventory.

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

Forecast Cash Runway: CORE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.1% each year


Next Steps

Dividend

What is Canadian Orebodies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if CORE'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 CORE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Canadian Orebodies's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average board tenure


CEO

Fraser Laschinger 0

0.4yrs

Tenure

CA$175,425

Compensation

Mr. Fraser Laschinger serves as the Chief Financial Officer of Mineral Streams Inc. Mr. Laschinger has been the Chief Financial Officer and Company Secretary of Canadian Orebodies Inc. since March 01, 2013 ...


CEO Compensation Analysis

Compensation vs Market: Fraser's total compensation ($USD134.27K) is about average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Fraser's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

3.2yrs

Average Tenure

67yo

Average Age

Experienced Board: CORE's board of directors are considered experienced (3.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$2,00007 Jan 20
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Gordon Scott McKinnon
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Max PriceCA$0.22
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Gordon Scott McKinnon
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Gordon Scott McKinnon
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Northfield Capital Corporation
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Max PriceCA$0.31
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Max PriceCA$0.31
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Max PriceCA$0.31
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Max PriceCA$0.31
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Max PriceCA$0.33
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EntityIndividual
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Max PriceCA$0.37
BuyCA$1,40104 Feb 19
Gordon Scott McKinnon
EntityIndividual
Shares5,000
Max PriceCA$0.28

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.


Management Team

  • Fraser Laschinger

    Interim President

    • Tenure: 0.4yrs
    • Compensation: CA$175.43k

Board Members

  • John Harvey (83yo)

    Interim Chairman of the Board

    • Tenure: 0.4yrs
  • Jim Gowans (67yo)

    Member of Advisory Committee

    • Mac Watson (83yo)

      Member of Advisory Committee

      • Tenure: 2.8yrs
    • Chris Hodgson (57yo)

      Independent Director

      • Tenure: 12yrs
    • Gordon Cyr

      Independent Director

      • Tenure: 12yrs
    • Bob Middleton

      Member of Advisory Committee

      • Tenure: 2.8yrs
    • Michael Leskovec (39yo)

      Independent Director

      • Tenure: 3.6yrs

    Company Information

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


    Key Information

    • Name: Canadian Orebodies Inc.
    • Ticker: CORE
    • Exchange: TSXV
    • Founded: 2008
    • Industry: Diversified Metals and Mining
    • Sector: Materials
    • Market Cap: CA$5.120m
    • Shares outstanding: 53.90m
    • Website: https://www.canadianorebodies.com

    Location

    • Canadian Orebodies Inc.
    • 141 Adelaide Street West
    • Suite 301
    • Toronto
    • Ontario
    • M5H 3L5
    • Canada

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    CORETSXV (TSX Venture Exchange)YesCommon SharesCACADMar 2008
    CNOB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2008

    Biography

    Canadian Orebodies Inc. engages in the exploration and development of mineral properties in Canada. It explores for iron, gold, zinc, and other deposits. The company holds a 100% interests in the Hemlo North Limb project that includes 135 claim units comprising 2,160 hectares; and staked claims of 303 units totaling 4,848 hectares, which is located to the northeast of Marathon, Ontario. It also holds a 100% interests in the Pic project, which includes the Wire Lake property that covers 251 claim units comprising 4,047 hectares and staked claims of 455 units totaling 11,300 hectares; and the Black Raven property, which comprises 415 claim units covering approximately 6,640 hectares that are located in the northwest portion of the Hemlo Greenstone Belt. In addition, the company owns the Goodchild Lake property comprising 25 claim units totaling approximately 400 hectares; and a 100% interest in Belcher Islands Iron project, which covers 23,042 hectares located on the Belcher Islands in Nunavut, Canada. Further, it holds royalty interests in Crescent Lake project, Hawkins property, and Greenbush property. Canadian Orebodies Inc. was founded in 2008 and is headquartered in Toronto, Canada. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/23 00:21
    End of Day Share Price2020/01/22 00:00
    Earnings2019/10/31
    Annual Earnings2019/01/31


    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.