TSXV:ELY

Stock Analysis Report

Ely Gold Royalties

Executive Summary

Ely Gold Royalties Inc., an exploration stage natural resource company, engages in the evaluation, acquisition, exploration, and development of natural resource projects in North America.

Risk Analysis

Earnings have declined by -31.32% per year over past 5 years

Has less than 1 year of cash runway

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

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Ely Gold Royalties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.0%

ELY

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

441.9%

ELY

4.4%

CA Metals and Mining

5.8%

CA Market

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

Return vs Market: ELY exceeded the Canadian Market which returned 5.8% over the past year.


Shareholder returns

ELYIndustryMarket
7 Day12.0%2.4%0.6%
30 Day90.9%1.2%0.5%
90 Day121.1%6.6%3.6%
1 Year441.9%441.9%5.0%4.4%9.1%5.8%
3 Year460.0%460.0%-10.4%-11.9%15.4%5.0%
5 Year1300.0%1300.0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ely Gold Royalties undervalued compared to its fair value and its price relative to the market?

14.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ELY is overvalued based on its PB Ratio (14.4x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Ely Gold Royalties 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 Ely Gold Royalties 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 Ely Gold Royalties performed over the past 5 years?

-31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELY is currently unprofitable.

Growing Profit Margin: ELY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELY is unprofitable, and losses have increased over the past 5 years at a rate of -31.3% per year.

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

Earnings vs Industry: ELY 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: ELY has a negative Return on Equity (-30.37%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ely Gold Royalties's financial position?


Financial Position Analysis

Short Term Liabilities: ELY's short term assets (CA$3.5M) exceed its short term liabilities (CA$456.1K).

Long Term Liabilities: ELY's short term assets (CA$3.5M) exceed its long term liabilities (CA$295.0K).


Debt to Equity History and Analysis

Debt Level: ELY is debt free.

Reducing Debt: ELY had no debt 5 years ago.


Balance Sheet

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

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

Forecast Cash Runway: ELY has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15% each year


Next Steps

Dividend

What is Ely Gold Royalties'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 ELY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

5.0yrs

Average management tenure


CEO

Trey Wasser (67yo)

9.3yrs

Tenure

CA$194,011

Compensation

Mr. C. F. Wasser, also known as Trey, III has been the Chief Executive Officer and President of Ely Gold & Minerals Inc. since October 20, 2010. Mr. Wasser serves as the President and Director of Research  ...


CEO Compensation Analysis

Compensation vs Market: Trey's total compensation ($USD146.40K) is about average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Trey's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
C. Wasser
President9.3yrsCA$194.01k1.16% CA$988.9k
Stephen Kenwood
Corporate Secretary9.3yrsCA$60.00k1.54% CA$1.3m
Xavier Wenzel
Chief Financial Officer0.7yrsno datano data
Robert Carrington
COO & Senior VP of Operations10.7yrsno datano data
Joanne Jobin
Investor Relations Officer0yrsno datano data

5.0yrs

Average Tenure

64yo

Average Age

Experienced Management: ELY's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
C. Wasser
President9.3yrsCA$194.01k1.16% CA$988.9k
Stephen Kenwood
Corporate Secretary9.3yrsCA$60.00k1.54% CA$1.3m
William Sheriff
Independent Director2.7yrsno data0.49% CA$420.0k
Clarence Wendt
Member of Advisory Board11.9yrsno datano data
Ronald Husband
Independent Director19.8yrsno data0.58% CA$498.1k
Thomas Wharton
Independent Director4.3yrsno datano data

9.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ELY's board of directors are considered experienced (9.5 years average tenure).


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 18.2%.


Top Shareholders

Company Information

Ely Gold Royalties Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ely Gold Royalties Inc.
  • Ticker: ELY
  • Exchange: TSXV
  • Founded: 1996
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$85.501m
  • Shares outstanding: 101.79m
  • Website: https://www.elygoldinc.com

Location

  • Ely Gold Royalties Inc.
  • 595 Burrard Street
  • Suite 2833
  • Vancouver
  • British Columbia
  • V7X 1K8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
I4UDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1996
ELYTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1996
ELYG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1996

Biography

Ely Gold Royalties Inc., an exploration stage natural resource company, engages in the evaluation, acquisition, exploration, and development of natural resource projects in North America. It primarily explores for gold and precious metal deposits. Ely Gold Royalties Inc. has a portfolio of 33 deeded royalties and 20 optioned properties. It owns interests in approximately 20 properties. The company was formerly known as Ely Gold & Minerals Inc. and changed its name to Ely Gold Royalties Inc. in November 2017. Ely Gold Royalties Inc. was incorporated in 1996 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 00:50
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.