TSXV:F

Stock Analysis Report

Executive Summary

Fiore Gold Ltd. operates as a gold production and development company in the Americas.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-4.9%

F

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

13.2%

F

12.3%

CA Metals and Mining

1.1%

CA Market

Return vs Industry: F matched the Canadian Metals and Mining industry which returned 12.3% over the past year.

Return vs Market: F exceeded the Canadian Market which returned 1.1% over the past year.


Shareholder returns

FIndustryMarket
7 Day-4.9%0.1%-0.2%
30 Day-10.5%-5.2%-3.3%
90 Day-27.4%-4.8%-1.6%
1 Year13.2%13.2%13.2%12.3%4.6%1.1%
3 Yearn/a-11.5%-13.1%13.1%3.1%
5 Yearn/a7.5%3.4%24.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: F (CA$0.39) is trading below our estimate of fair value (CA$4.01)

Significantly Undervalued: F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: F is good value based on its PE Ratio (12x) compared to the Metals and Mining industry average (13.6x).

PE vs Market: F is good value based on its PE Ratio (12x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: F is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Fiore Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if F's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if F's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: F's revenue (9.4% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: F's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fiore Gold performed over the past 5 years?

35.2%

Last years revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if F's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: F's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: F's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Fiore Gold's financial position?


Financial Position Analysis

Short Term Liabilities: F's short term assets ($27.9M) exceeds its short term liabilities ($5.6M)

Long Term Liabilities: F's short term assets (27.9M) exceeds its long term liabilities (11.6M)


Debt to Equity History and Analysis

Debt Level: F is debt free.

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

Debt Coverage: F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: F's debt is covered by short term assets (assets are 62771171606290343.038610x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if F'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 F'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 Fiore Gold's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Tim Warman (55yo)

2.1yrs

Tenure

US$215,583

Compensation

Mr. Timothy Andrew Warman, also known as Tim, M.Sc, P.Geo. has been the Chief Executive Officer of Fiore Exploration Ltd. since July 12, 2016. Mr. Warman served as President of Dalradian Resources Inc. fro ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Tim's total compensation is reasonable compared to companies of similar size in the Canadian market.

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


Management Age and Tenure

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.1yrs

Average Tenure

55yo

Average Age

Experienced Board: F's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$4,29017 Sep 19
James Wilbourn
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares10,000
Max PriceUS$0.43
BuyUS$6,71623 Jul 19
Barry O'Shea
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares12,500
Max PriceUS$0.54
BuyUS$5,60012 Jun 19
Barry O'Shea
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares16,000
Max PriceUS$0.35
BuyUS$19,30515 Apr 19
Timothy Warman
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares71,500
Max PriceUS$0.27
BuyUS$5,62015 Apr 19
James Wilbourn
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares20,000
Max PriceUS$0.28

Ownership Breakdown


Management Team

  • Ken Brunk (73yo)

    Technical Advisor & Non-Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$83.91k
  • Tim Warman (55yo)

    CEO & Director

    • Tenure: 2.1yrs
    • Compensation: US$215.58k
  • John MacLean

    Chief Operating Officer

    • Tenure: 1.8yrs
    • Compensation: US$228.50k
  • James Wilbourn (40yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 0yrs
    • Compensation: US$181.20k
  • Barry O'Shea

    Chief Financial Officer

    • Tenure: 1.4yrs
    • Compensation: US$288.59k

Board Members

  • Matt Manson (53yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$28.00k
  • Mark Bailey (70yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$30.00k
  • Ken Brunk (73yo)

    Technical Advisor & Non-Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$83.91k
  • Peter Tallman (57yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$25.00k
  • Tim Warman (55yo)

    CEO & Director

    • Tenure: 2.1yrs
    • Compensation: US$215.58k
  • Peter Hemstead (45yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$107.91k
  • Anne Marie Labelle (53yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$31.00k

Company Information

Fiore Gold Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fiore Gold Ltd.
  • Ticker: F
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$37.645m
  • Shares outstanding: 97.78m
  • Website: https://fioregold.com

Location

  • Fiore Gold Ltd.
  • 120 Adelaide Street West
  • Suite 1410
  • Toronto
  • Ontario
  • M5H 1T1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTSXV (TSX Venture Exchange)YesNew Common SharesCACADSep 2017
FIOG.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDSep 2017
2FODB (Deutsche Boerse AG)YesNew Common SharesDEEURSep 2017

Biography

Fiore Gold Ltd. operates as a gold production and development company in the Americas. The company’s projects include the Pan Mine, an open-pit, heap-leach mine in White Pine County, Nevada; the Gold Rock  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:49
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.