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

Shareholders have been diluted in the past year

+ 1 more risk


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.9%

ELY

-0.2%

CA Metals and Mining

0.4%

CA Market


1 Year Return

243.5%

ELY

22.8%

CA Metals and Mining

11.0%

CA Market

Return vs Industry: ELY exceeded the Canadian Metals and Mining industry which returned 22.8% over the past year.

Return vs Market: ELY exceeded the Canadian Market which returned 11% over the past year.


Shareholder returns

ELYIndustryMarket
7 Day3.9%-0.2%0.4%
30 Day-1.3%3.5%0.01%
90 Day16.2%-0.6%0.9%
1 Year243.5%243.5%23.8%22.8%14.7%11.0%
3 Year125.7%125.7%7.6%5.6%15.1%4.6%
5 Year393.8%393.8%41.3%36.8%37.8%17.4%

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?

6.79x

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 (6.8x) compared to the CA Metals and Mining industry average (1.3x).


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?

17.3%

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 (4.1%).


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 -6.8% each year


Next Steps

Dividend

What is Ely Gold Royalties's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%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

What is the CEO of Ely Gold Royalties's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Trey Wasser (67yo)

9.2yrs

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 ($USD146.65K) is about average for companies of similar size in the Canadian market ($USD170.35K).

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


Management Age and Tenure

4.8yrs

Average Tenure

64yo

Average Age

Experienced Management: ELY's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

9.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ELY's board of directors are considered experienced (9.3 years average tenure).


Insider Trading

Insider Buying: ELY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellCA$9,50012 Nov 19
Stephen Kenwood
EntityIndividual
Role
Member of the Board of Directors
Corporate Secretary
Shares25,000
Max PriceCA$0.38
SellCA$14,64604 Nov 19
Platoro West Inc.
EntityCompany
Shares35,000
Max PriceCA$0.43
SellCA$32,20928 Oct 19
Platoro West Inc.
EntityCompany
Shares80,000
Max PriceCA$0.41
BuyCA$11,00022 Jan 19
William Sheriff
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceCA$0.11

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.2%.


Management Team

  • Robert Carrington (64yo)

    COO & Senior VP of Operations

    • Tenure: 10.5yrs
  • Trey Wasser (67yo)

    President

    • Tenure: 9.2yrs
    • Compensation: CA$194.01k
  • Steve Kenwood (59yo)

    Corporate Secretary

    • Tenure: 9.2yrs
    • Compensation: CA$60.00k
  • Joanne Jobin

    Investor Relations Officer

    • Tenure: 0yrs
  • Xavier Wenzel

    Chief Financial Officer

    • Tenure: 0.5yrs

Board Members

  • Bill Sheriff (60yo)

    Independent Director

    • Tenure: 2.5yrs
  • Trey Wasser (67yo)

    President

    • Tenure: 9.2yrs
    • Compensation: CA$194.01k
  • Steve Kenwood (59yo)

    Corporate Secretary

    • Tenure: 9.2yrs
    • Compensation: CA$60.00k
  • Clancy Wendt (80yo)

    Member of Advisory Board

    • Tenure: 11.8yrs
  • Ron Husband (53yo)

    Independent Director

    • Tenure: 19.7yrs
  • Tom Wharton (57yo)

    Independent Director

    • Tenure: 4.1yrs

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$39.577m
  • Shares outstanding: 100.20m
  • 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 expl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 00:33
End of Day Share Price2019/12/10 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.