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Eastfield Resources

Executive Summary

Eastfield Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.1%

ETF

-2.4%

CA Metals and Mining

-8.4%

CA Market


1 Year Return

114.3%

ETF

44.1%

CA Metals and Mining

-60.8%

CA Market

Return vs Industry: ETF exceeded the Canadian Metals and Mining industry which returned 41.3% over the past year.

Return vs Market: ETF exceeded the Canadian Market which returned -60.7% over the past year.


Shareholder returns

ETFIndustryMarket
7 Day7.1%-2.4%-8.4%
30 Day66.7%-3.8%-3.0%
90 Day66.7%-8.4%-26.8%
1 Year114.3%114.3%45.3%44.1%-59.2%-60.8%
3 Year114.3%114.3%49.6%46.5%-60.5%-64.6%
5 Year275.0%275.0%150.2%142.7%-51.9%-59.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ETF is good value based on its PB Ratio (1.8x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

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

24.2%

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 Eastfield Resources 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 Eastfield Resources performed over the past 5 years?

-28.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETF is currently unprofitable.

Growing Profit Margin: ETF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ETF is unprofitable, and losses have increased over the past 5 years at a rate of 28.5% per year.

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

Earnings vs Industry: ETF is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (70.5%).


Return on Equity

High ROE: ETF has a negative Return on Equity (-9.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eastfield Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ETF's short term assets (CA$310.6K) exceed its short term liabilities (CA$159.3K).

Long Term Liabilities: ETF's short term assets (CA$310.6K) do not cover its long term liabilities (CA$420.4K).


Debt to Equity History and Analysis

Debt Level: ETF is debt free.

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


Balance Sheet


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: ETF has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ETF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 7.7% each year


Next Steps

Dividend

What is Eastfield Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ETF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ETF's dividends per share have been stable in the past.

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

3.0yrs

Average management tenure


CEO

Bill Morton (70 yo)

33.75yrs

Tenure

CA$4,000

Compensation

Mr. James William Morton, also known as Bill, M.Sc., B.Sc., P.Geo., serves as Member of Advisory Board of Surge Exploration Inc. and Fuse Cobalt Inc. He serves as the President and Chief Executive Officer ...


Leadership Team

NamePositionTenureCompensationOwnership
James Morton
President33.75yrsCA$4.00k3.03%
CA$ 98.9k
David Douglas
CFO & Director3yrsCA$14.89k0.43%
CA$ 14.0k
Glen Garratt
VP of Exploration33.75yrsCA$4.00k2.16%
CA$ 70.5k
Miller Thomson
Legal Counsel2.42yrsno datano data

3.0yrs

Average Tenure

70yo

Average Age

Experienced Management: ETF's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Morton
President33.75yrsCA$4.00k3.03%
CA$ 98.9k
David Douglas
CFO & Director3yrsCA$14.89k0.43%
CA$ 14.0k
Glen Garratt
VP of Exploration33.75yrsCA$4.00k2.16%
CA$ 70.5k
Alan Scott
Independent Director31.75yrsCA$1.00k0.36%
CA$ 11.9k

32.8yrs

Average Tenure

70yo

Average Age

Experienced Board: ETF's board of directors are seasoned and experienced ( 32.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eastfield Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eastfield Resources Ltd.
  • Ticker: ETF
  • Exchange: TSXV
  • Founded:
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$3.269m
  • Shares outstanding: 46.69m
  • Website: https://www.eastfieldresources.com

Location

  • Eastfield Resources Ltd.
  • 325 Howe Street
  • Suite 110
  • Vancouver
  • British Columbia
  • V6C 1Z7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETFTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
35EDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
ETFL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Eastfield Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold, copper, nickel, silver, molybdenum, cobal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 23:52
End of Day Share Price2020/10/30 00:00
Earnings2020/05/31
Annual Earnings2020/02/29


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.