TSXV:CSL

Stock Analysis Report

Executive Summary

Comstock Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and Mexico.

Risk Analysis

Earnings have declined by -32.7% per year over past 5 years

Has less than 1 year of cash runway

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

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

+ 1 more risk


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-25.0%

CSL

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-70.0%

CSL

4.4%

CA Metals and Mining

5.8%

CA Market

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

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


Shareholder returns

CSLIndustryMarket
7 Day-25.0%2.4%0.6%
30 Day-25.0%1.2%0.5%
90 Day-25.0%6.6%3.6%
1 Year-70.0%-70.0%5.0%4.4%9.1%5.8%
3 Year-90.9%-90.9%-10.4%-11.9%15.4%5.0%
5 Year-70.0%-70.0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CSL is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Comstock Metals 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 Comstock Metals 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 Comstock Metals performed over the past 5 years?

-32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSL is currently unprofitable.

Growing Profit Margin: CSL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSL is unprofitable, and losses have increased over the past 5 years at a rate of -32.7% per year.

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

Earnings vs Industry: CSL 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: CSL has a negative Return on Equity (-120.56%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Comstock Metals's financial position?


Financial Position Analysis

Short Term Liabilities: CSL's short term assets (CA$247.8K) exceed its short term liabilities (CA$45.6K).

Long Term Liabilities: CSL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CSL is debt free.

Reducing Debt: CSL has not had any debt for past 5 years.


Balance Sheet

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

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

Forecast Cash Runway: CSL has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.4% each year.


Next Steps

Dividend

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

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

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

2.9yrs

Average board tenure


CEO

Steve Goldman (63yo)

1.8yrs

Tenure

CA$121,885

Compensation

Mr. Steven Harold Goldman, also known as Steve, is the President and Chief Executive Officer at Comstock Metals Limited and was its Interim President and Chief Executive Officer since may 15, 2018. Mr. Gol ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD91.97K) is below average for companies of similar size in the Canadian market ($USD155.16K).

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


Board Members

NamePositionTenureCompensationOwnership
Steven Goldman
President1.8yrsCA$121.89k2.19% CA$30.5k
Arnold Tenney
Chairman0.3yrsCA$27.05k0.61% CA$8.5k
Robert Luffman
Independent Director2.9yrsCA$27.05k0.0054% CA$75.0

2.9yrs

Average Tenure

Experienced Board: CSL's board of directors are not considered experienced ( 2.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14%.


Top Shareholders

Company Information

Comstock Metals Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Comstock Metals Ltd.
  • Ticker: CSL
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$1.391m
  • Shares outstanding: 92.75m
  • Website: https://www.comstock-metals.com

Location

  • Comstock Metals Ltd.
  • 850 West Hastings Street
  • Suite 310
  • Vancouver
  • British Columbia
  • V6C 1E1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSLTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2011
CMMM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2011
C751DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2011

Biography

Comstock Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and Mexico. It primarily explores for gold and cobalt deposits. The company holds a 100% interest in the Preview SW gold project in the La Ronge district of Saskatchewan. It also holds an option agreement to acquire a 100% interest in the Rawhide cobalt-silver project comprising 42 claim units covering an area of 662 hectares located in Ontario. The company was incorporated in 2007 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:55
End of Day Share Price2020/02/13 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.