TSXV:FCC

Stock Analysis Report

Executive Summary

First Cobalt Corp. engages in the acquisition and exploration of resource properties.

Risk Analysis

Earnings have declined by -65.66% 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

Imperfect balance sheet and overvalued.

Share Price & News

How has First Cobalt's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

FCC

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-21.6%

FCC

4.4%

CA Metals and Mining

5.8%

CA Market

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

Return vs Market: FCC underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

FCCIndustryMarket
7 Day-3.3%2.4%0.6%
30 Day-6.5%1.2%0.5%
90 Day3.6%6.6%3.6%
1 Year-21.6%-21.6%5.0%4.4%9.1%5.8%
3 Year-80.4%-80.4%-10.4%-11.9%15.4%5.0%
5 Year314.3%314.3%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is First Cobalt undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FCC is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is First Cobalt 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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has First Cobalt performed over the past 5 years?

-65.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCC is currently unprofitable.

Growing Profit Margin: FCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FCC is unprofitable, and losses have increased over the past 5 years at a rate of -65.7% per year.

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

Earnings vs Industry: FCC 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: FCC has a negative Return on Equity (-8.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is First Cobalt's financial position?


Financial Position Analysis

Short Term Liabilities: FCC's short term assets (CA$7.4M) exceed its short term liabilities (CA$215.1K).

Long Term Liabilities: FCC's short term assets (CA$7.4M) do not cover its long term liabilities (CA$9.4M).


Debt to Equity History and Analysis

Debt Level: FCC's debt to equity ratio (3.2%) is considered satisfactory.

Reducing Debt: FCC's debt to equity ratio has increased from 0.01% to 3.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: FCC's debt is covered by short term assets (assets are 1.2x debt).


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

Forecast Cash Runway: FCC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -65.8% each year


Next Steps

Dividend

What is First Cobalt'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 FCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

1.3yrs

Average management tenure


CEO

Trent Charles Mell (49yo)

2.9yrs

Tenure

CA$955,056

Compensation

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 Presiden ...


CEO Compensation Analysis

Compensation vs Market: Trent Charles's total compensation ($USD720.68K) is above average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Trent Charles's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Trent Charles Mell
President2.9yrsCA$955.06k0.81% CA$456.2k
Ryan Snyder
Chief Financial Officer1.3yrsCA$227.46k0.039% CA$21.6k
Henrik Fisker
Special Advisor0yrsCA$332.62kno data
Kevin Ma
1.3yrsCA$205.00kno data

1.3yrs

Average Tenure

44.5yo

Average Age

Experienced Management: FCC's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Trent Charles Mell
President2.9yrsCA$955.06k0.81% CA$456.2k
Garett Macdonald
Independent Director1.7yrsCA$115.19k0.022% CA$12.6k
John Pollesel
Non-Executive Chairman0.3yrsCA$81.66k0.12% CA$65.2k
C. Otter
Independent Director1yrsno datano data
Vasuki Uthayakumar
Independent Director0.3yrsno data0.10% CA$58.0k

1.0yrs

Average Tenure

49yo

Average Age

Experienced Board: FCC's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FCC 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 48.7%.


Top Shareholders

Company Information

First Cobalt Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Cobalt Corp.
  • Ticker: FCC
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$56.165m
  • Shares outstanding: 387.35m
  • Website: https://www.firstcobalt.com

Location

  • First Cobalt Corp.
  • 140 Yonge Street
  • Suite 201
  • Toronto
  • Ontario
  • M5C 1X6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCCTSXV (TSX Venture Exchange)YesOrdinary SharesCACADOct 2012
18PDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2012
FTSS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2012
0UVXLSE (London Stock Exchange)YesOrdinary SharesGBCADOct 2012

Biography

First Cobalt Corp. engages in the acquisition and exploration of resource properties. The company’s principal project is the Iron Creek cobalt project that is situated in Idaho, the United States. It also holds land package in the Canadian Cobalt Camp covering approximately 100 km2; and 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:40
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.