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First Cobalt

TSXV:FCC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCC
TSXV
CA$61M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

First Cobalt Corp. engages in the acquisition and exploration of resource properties. The last earnings update was 142 days ago. More info.


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FCC Share Price and Events
7 Day Returns
-2.7%
TSXV:FCC
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-83.8%
TSXV:FCC
-5.9%
CA Metals and Mining
0.7%
CA Market
FCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Cobalt (FCC) -2.7% 0% 2.9% -83.8% 350% 125%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • FCC underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • FCC underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
FCC
Industry
5yr Volatility vs Market

FCC Value

 Is First Cobalt undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for First Cobalt. This is due to cash flow or dividend data being unavailable. The share price is CA$0.18.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Cobalt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Cobalt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:FCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.09
TSXV:FCC Share Price ** TSXV (2019-03-20) in CAD CA$0.18
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Cobalt.

TSXV:FCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:FCC Share Price ÷ EPS (both in CAD)

= 0.18 ÷ -0.09

-1.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Cobalt is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • First Cobalt is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does First Cobalt's expected growth come at a high price?
Raw Data
TSXV:FCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for First Cobalt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on First Cobalt's assets?
Raw Data
TSXV:FCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.64
TSXV:FCC Share Price * TSXV (2019-03-20) in CAD CA$0.18
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:FCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:FCC Share Price ÷ Book Value per Share (both in CAD)

= 0.18 ÷ 0.64

0.28x

* Primary Listing of First Cobalt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Cobalt is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess First Cobalt's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. First Cobalt has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FCC Future Performance

 How is First Cobalt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 First Cobalt 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Cobalt expected to grow at an attractive rate?
  • Unable to compare First Cobalt's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare First Cobalt's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare First Cobalt's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:FCC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:FCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:FCC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 -22
2018-12-31 -24
TSXV:FCC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -23 -23
2018-06-30 -18 -17
2018-03-31 -13 -13
2017-12-31 -10 -11
2017-09-30 -5 -6
2017-06-30 -3 -4
2017-03-31 -1 -2
2016-12-31 -1 -1
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0
2015-12-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if First Cobalt is high growth as no earnings estimate data is available.
  • Unable to determine if First Cobalt is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:FCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from First Cobalt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FCC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
2018-12-31
TSXV:FCC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.09
2018-06-30 -0.10
2018-03-31 -0.10
2017-12-31 -0.16
2017-09-30 -0.17
2017-06-30 -0.14
2017-03-31 -0.14
2016-12-31 -0.06
2016-09-30 -0.01
2016-06-30 -0.03
2016-03-31 -0.03
2015-12-31 -0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Cobalt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine First Cobalt's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. First Cobalt's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. First Cobalt's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess First Cobalt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Cobalt has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FCC Past Performance

  How has First Cobalt performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Cobalt's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Cobalt does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare First Cobalt's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare First Cobalt's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
First Cobalt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Cobalt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FCC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -23.39 23.42
2018-06-30 -17.33 16.61
2018-03-31 -13.23 11.93
2017-12-31 -11.48 9.76
2017-09-30 -5.98 4.30
2017-06-30 -3.86 2.45
2017-03-31 -2.25 1.61
2016-12-31 -0.82 0.37
2016-09-30 -0.14 0.08
2016-06-30 -0.14 0.08
2016-03-31 -0.15 0.09
2015-12-31 -1.44 0.14
2015-09-30 -1.40 0.10
2015-06-30 -1.42 0.12
2015-03-31 -1.41 0.11
2014-12-31 -0.19 0.19
2014-09-30 -0.22 0.22
2014-06-30 -0.23 0.23
2014-03-31 -0.24 0.24
2013-12-31 -0.14 0.14
2013-03-31 -0.10 0.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if First Cobalt has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if First Cobalt has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if First Cobalt improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess First Cobalt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Cobalt has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FCC Health

 How is First Cobalt's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up First Cobalt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • First Cobalt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • First Cobalt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of First Cobalt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • First Cobalt has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Cobalt Company Filings, last reported 5 months ago.

TSXV:FCC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 215.57 0.00 11.44
2018-06-30 222.28 0.00 19.93
2018-03-31 135.91 0.00 27.25
2017-12-31 137.53 0.00 29.91
2017-09-30 8.82 0.00 2.71
2017-06-30 10.79 0.00 4.30
2017-03-31 7.89 0.00 5.41
2016-12-31 0.70 0.00 0.56
2016-09-30 0.47 0.00 0.28
2016-06-30 0.00 0.02 0.02
2016-03-31 -0.06 0.03 0.00
2015-12-31 0.03 0.03 0.01
2015-09-30 0.05 0.04 0.01
2015-06-30 0.08 0.02 0.01
2015-03-31 0.10 0.01 0.01
2014-12-31 1.52 0.01 0.05
2014-09-30 1.57 0.00 0.06
2014-06-30 1.61 0.00 0.07
2014-03-31 1.61 0.00 0.13
2013-12-31 1.57 0.00 0.01
2013-03-31 1.64 0.00 0.27
  • First Cobalt has no debt.
  • First Cobalt had no debt 5 years ago.
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.

  • First Cobalt has less than a year of cash runway based on current free cash flow.
  • First Cobalt has less than a year of cash runway if free cash flow continues to grow at historical rates of 120.9% each year.
X
Financial health checks
We assess First Cobalt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Cobalt has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FCC Dividends

 What is First Cobalt's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from First Cobalt dividends.
If you bought CA$2,000 of First Cobalt shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate First Cobalt's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate First Cobalt's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:FCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:FCC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as First Cobalt has not reported any payouts.
  • Unable to verify if First Cobalt's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of First Cobalt's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as First Cobalt has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Cobalt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Cobalt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Cobalt has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FCC Management

 What is the CEO of First Cobalt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Trent Charles Mell
COMPENSATION CA$390,000
AGE 48
TENURE AS CEO 2 years
CEO Bio

Mr. Trent Charles Arthur Mell, B.C.L, LL.B., LL.M, has been Chief Executive Officer and President of First Cobalt Corp. since March 2017 and has been its Director since March 14, 2017. Mr. Mell is President of PearTree Securities. He served as the Chief Executive Officer and President of Falco Resources Ltd. from July 02, 2014 to February 17, 2015. He served as an Executive Vice President of Corporate Affairs at AuRico Gold Inc. (now, Alamos Gold Inc.) until March 14, 2014. He joined AuRico in August 2012, with over 12 years of diversified experience in the mining sector. He has 20 years of operating and capital markets experience. He served as Vice President of Corporate Development at North American Palladium Ltd. since March 2008, Vice President of Human Resources since 2010, Vice President from April 2007 to March 2008 and General Counsel and Secretary since April 2007. His responsibilities over that period included oversight of the legal, government relations, human resources and corporate development functions. He is a Member of Advisory Board at Blackstone Resources AG. He has led a number of deals, including equity and debt financings, M&A, joint ventures and other mining transactions. He has also had significant involvement in development projects, regional exploration initiatives and investor relations. Mr. Mell worked in the corporate head offices of Barrick Gold Corporation where he served as Corporate Counsel and Sherritt International Corporation, where he served as an Associate General Counsel and Assistant Secretary. He began his mining career as a securities and M&A lawyer at Stikeman Elliott LLP, one of Canada’s leading law firms. He served as a Director of Falco Resources Ltd. from July 02, 2014 to February 17, 2015. He has published two articles in the Rocky Mountain Mineral Law Foundation Journal. He has also published papers on National Instrument 43-101 and has been a guest lecturer on mining topics. Mr. Mell holds a Bachelor of Arts in Economics and Political Science and a Bachelor of Civil Law and a Bachelor of Common Law, all from McGill University. He has a Masters of Law degree in Securities Law from Osgoode Hall Law School. Mr. Mell holds a joint MBA from the Kellogg School of Management from Northwestern University and the Schulich School of Business.

CEO Compensation
  • Insufficient data for Trent Charles to compare compensation growth.
  • Trent Charles's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the First Cobalt management team in years:

1.8
Average Tenure
43.5
Average Age
  • The average tenure for the First Cobalt management team is less than 2 years, this suggests a new team.
Management Team

Trent Charles Mell

TITLE
President
COMPENSATION
CA$390K
AGE
48
TENURE
2 yrs

Peter Campbell

TITLE
Vice President of Business Development
COMPENSATION
CA$457K
AGE
59
TENURE
2 yrs

Kevin Ma

TITLE
COMPENSATION
CA$121K
AGE
39
TENURE
0.4 yrs

Ryan Snyder

TITLE
Chief Financial Officer
AGE
36
TENURE
0.4 yrs

Heather Smiles

TITLE
Head of Investor Relations
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the First Cobalt board of directors in years:

0.8
Average Tenure
54
Average Age
  • The average tenure for the First Cobalt board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Matysek

TITLE
Chairman
AGE
60

Trent Charles Mell

TITLE
President
COMPENSATION
CA$390K
AGE
48
TENURE
2 yrs

John Pollesel

TITLE
Director
COMPENSATION
CA$70K
AGE
54
TENURE
1.8 yrs

Garett Macdonald

TITLE
Director
AGE
46
TENURE
0.8 yrs

Henrik Fisker

TITLE
Director
AGE
55
TENURE
0.5 yrs

Butch Otter

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by First Cobalt insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Jan 19 Buy Trent Charles Mell Individual 03. Jan 19 03. Jan 19 36,500 CA$0.18 CA$6,570
20. Dec 18 Buy Ryan Snyder Individual 20. Dec 18 20. Dec 18 10,000 CA$0.18 CA$1,800
07. Nov 18 Buy John Pollesel Individual 02. Nov 18 02. Nov 18 50,000 CA$0.20 CA$9,750
01. Nov 18 Buy Garett Macdonald Individual 31. Oct 18 31. Oct 18 40,000 CA$0.21 CA$8,200
31. Oct 18 Buy Trent Charles Mell Individual 31. Oct 18 31. Oct 18 50,000 CA$0.21 CA$10,250
15. Oct 18 Buy Trent Charles Mell Individual 15. Oct 18 15. Oct 18 50,000 CA$0.30 CA$15,000
12. Oct 18 Buy John Pollesel Individual 12. Oct 18 12. Oct 18 60,000 CA$0.29 CA$17,400
13. Aug 18 Buy Trent Charles Mell Individual 13. Aug 18 13. Aug 18 7,000 CA$0.29 CA$2,065
30. Jul 18 Buy John Pollesel Individual 25. Jul 18 25. Jul 18 20,000 CA$0.37 CA$7,300
25. Jul 18 Buy Trent Charles Mell Individual 24. Jul 18 24. Jul 18 20,000 CA$0.34 CA$6,850
09. Jul 18 Buy Trent Charles Mell Individual 09. Jul 18 09. Jul 18 30,000 CA$0.37 CA$11,100
09. Jul 18 Buy Trent Charles Mell Individual 09. Jul 18 09. Jul 18 30,000 CA$0.37 CA$11,100
04. Jul 18 Sell Tribeca Investment Partners Pty Ltd. Company 03. Jul 18 03. Jul 18 -536,112 CA$0.48 CA$-259,046
04. Jul 18 Buy Tribeca Investment Partners Pty Ltd. Company 01. Feb 18 31. May 18 386,452 CA$1.17 CA$347,659
01. Jul 18 Buy Trent Charles Mell Individual 27. Jun 18 27. Jun 18 60,000 CA$0.45 CA$26,768
27. Jun 18 Buy Trent Charles Mell Individual 27. Jun 18 27. Jun 18 60,000 CA$0.46 CA$27,300
25. Jun 18 Buy Jeffrey Swinoga Individual 21. Jun 18 21. Jun 18 12,000 CA$0.49 CA$5,880
25. Jun 18 Buy Trent Charles Mell Individual 21. Jun 18 21. Jun 18 50,000 CA$0.49 CA$24,500
20. Jun 18 Buy John Pollesel Individual 18. Jun 18 18. Jun 18 45,000 CA$0.61 CA$27,550
20. Jun 18 Buy Trent Charles Mell Individual 18. Jun 18 18. Jun 18 50,000 CA$0.58 CA$29,000
12. Jun 18 Buy John Pollesel Individual 12. Jun 18 12. Jun 18 25,000 CA$0.65 CA$15,950
04. Jun 18 Buy Trent Charles Mell Individual 04. Jun 18 04. Jun 18 91,125 CA$0.87 CA$69,439
07. Apr 18 Sell Ross Phillips Individual 04. Apr 18 04. Apr 18 -25,000 CA$0.91 CA$-22,750
X
Management checks
We assess First Cobalt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Cobalt has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FCC News

Simply Wall St News

Have Insiders Been Buying First Cobalt Corp. (CVE:FCC) Shares This Year?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In the last twelve months, the biggest single purchase by an insider was when President Trent Charles Mell bought CA$69k worth of shares at a price of CA$0.87 per share. … That means that even when the share price was higher, an insider wanted to purchase shares.

Simply Wall St -

Who Owns First Cobalt Corp (CVE:FCC)?

In this analysis, my focus will be on developing a perspective on First Cobalt Corp’s (CVE:FCC) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Who Are The Top Investors In First Cobalt Corp (CVE:FCC)?

Today, I will be analyzing First Cobalt Corp’s (TSXV:FCC) recent ownership structure, an important but not-so-popular subject among individual investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in FCC is not at a level that would concern investors.

Simply Wall St -

One Thing To Consider Before Buying First Cobalt Corp (CVE:FCC)

Check out our latest analysis for First Cobalt An interpretation of FCC's beta With a beta of 2.03, First Cobalt is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of CA$246.89M, FCC falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … As a result, we should expect higher beta for small-cap stocks in a cyclical industry compared to larger stocks in a defensive industry.

Simply Wall St -

Breaking Down First Cobalt Corp's (CVE:FCC) Ownership Structure

Today, I will be analyzing First Cobalt Corp’s (TSXV:FCC) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Another important group of owners for potential investors in FCC are private companies that hold a stake of 29.91% in FCC. … Thus, investors should dig deeper into FCC's business relations with these companies and how it can affect shareholder returns in the long-term.What this means for you: With a low level of institutional ownership, investors in FCC need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Can First Cobalt Corp (TSXV:FCC) Improve Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … FCC, with its market capitalisation of CAD CA$73.44M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … I test FCC’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

FCC Company Info

Description

First Cobalt Corp. engages in the acquisition and exploration of resource properties. The company’s principal assets include the Greater Cobalt project, including the cobalt north, south, and central camps located in Ontario, Canada; and the Iron Creek project that is situated in Idaho, the United States. It also operates a cobalt refinery in North America. The company was formerly known as Aurgent Resource Corp. and changed its name to First Cobalt Corp. in September 2016. First Cobalt Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.

Details
Name: First Cobalt Corp.
FCC
Exchange: TSXV
Founded: 2011
CA$61,077,929
339,321,829
Website: http://www.firstcobalt.com
Address: First Cobalt Corp.
140 Yonge Street,
Suite 201,
Toronto,
Ontario, M5C 1X6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FCC Ordinary Shares TSX Venture Exchange CA CAD 03. Oct 2012
OTCPK FTSS.F Ordinary Shares Pink Sheets LLC US USD 03. Oct 2012
DB 18P Ordinary Shares Deutsche Boerse AG DE EUR 03. Oct 2012
LSE 0UVX Ordinary Shares London Stock Exchange GB CAD 03. Oct 2012
ASX FCC CDI NPV 1:1 Australian Securities Exchange AU AUD 30. Nov 2017
Number of employees
Current staff
Staff numbers
0
First Cobalt employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:40
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/09/27
Last earnings filing: 2018/10/30
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.