TSXV:FFOX

Stock Analysis Report

Executive Summary

FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland.

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$6M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-20.0%

FFOX

0.4%

CA Metals and Mining

1.6%

CA Market


1 Year Return

-71.4%

FFOX

28.4%

CA Metals and Mining

10.0%

CA Market

Return vs Industry: FFOX underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: FFOX underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

FFOXIndustryMarket
7 Day-20.0%0.4%1.6%
30 Day-5.9%3.5%2.7%
90 Day-38.5%8.8%6.4%
1 Year-71.4%-71.4%29.3%28.4%13.5%10.0%
3 Yearn/a-0.3%-2.1%17.5%6.8%
5 Yearn/a28.5%24.4%36.6%16.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FFOX is overvalued based on its PB Ratio (4x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.7%

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 FireFox Gold 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 FireFox Gold performed over the past 5 years?

-2.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FFOX is currently unprofitable.

Growing Profit Margin: FFOX is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: FFOX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: FFOX has a negative Return on Equity (-146.82%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FireFox Gold's financial position?


Financial Position Analysis

Short Term Liabilities: FFOX's short term assets (CA$807.6K) exceed its short term liabilities (CA$270.6K).

Long Term Liabilities: FFOX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FFOX is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if FFOX'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: FFOX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FFOX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -16% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.4yrs

Average board tenure


CEO

Carl Löfberg 0

0yrs

Tenure

CA$126,000

Compensation

Mr. Carl Löfberg, M.Sc., serves as Chief Executive Officer and President at FireFox Gold Corp. and has been its Director since August 1, 2017. He serves as Managing Director of Magnus Minerals Ltd. Mr. Löf ...


CEO Compensation Analysis

Compensation vs Market: Carl's total compensation ($USD96.44K) is below average for companies of similar size in the Canadian market ($USD165.67K).

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


Board Age and Tenure

2.4yrs

Average Tenure

Experienced Board: FFOX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$60,00012 Sep 19
Magnus Minerals Ltd.
EntityCompany
Shares400,000
Max PriceCA$0.15
BuyCA$6,00012 Sep 19
Carl Löfberg
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares40,000
Max PriceCA$0.15
BuyCA$10,00019 Jul 19
Joseph Mullin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceCA$0.10
BuyCA$50,00003 Jul 19
Magnus Minerals Ltd.
EntityCompany
Shares500,000
Max PriceCA$0.10
BuyCA$1,50017 May 19
Andrew MacRitchie
EntityIndividual
Role
Chief Financial Officer
CFO & Corporate Secretary
Shares10,000
Max PriceCA$0.15

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50%.


Management Team

  • Carl Löfberg

    CEO, President & Director

    • Compensation: CA$126.00k
  • Andrew MacRitchie (44yo)

    CFO & Corporate Secretary

    • Compensation: CA$85.00k
  • Petri Peltonen (58yo)

    Exploration Manager


    Board Members

    • Carl Löfberg

      CEO, President & Director

      • Compensation: CA$126.00k
    • Joe Mullin (46yo)

      Independent Director

      • Tenure: 2.6yrs
    • Robert Highsmith (51yo)

      Chairman

      • Compensation: CA$72.00k
    • Timo Mäki

      Independent Director

      • Tenure: 0.4yrs

    Company Information

    FireFox Gold Corp.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: FireFox Gold Corp.
    • Ticker: FFOX
    • Exchange: TSXV
    • Founded: 2017
    • Industry: Gold
    • Sector: Materials
    • Market Cap: CA$3.457m
    • Shares outstanding: 43.22m
    • Website: https://www.firefoxgold.com

    Location

    • FireFox Gold Corp.
    • 1021 West Hastings Street
    • Suite 650
    • Vancouver
    • British Columbia
    • V6E 0C3
    • Canada

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    FFOXTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2018
    FIYDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2018

    Biography

    FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. The company’s properties include the Jeesio project covering approximately 462.6 square kilometers located in Lapland; the Mustajarvi project consisting of 146.53 hectares situated in northern Finland; the Ylojarvi project comprising approximately 10,700 hectares situated in the western branch of Tampere Schist Belt; and the Riikonkoski project covering approximately 16.9 square kilometers located in Lapland. It also holds interest in the Seuru project covering an area of approximately 50,000 hectares of exploration reservations in the Central Lapland Greenstone Belt of northern Finland. The company was formerly known as Silverstone Resources Corp. and changed its name to FireFox Gold Corp. in August 2017. FireFox Gold Corp. was founded in 2017 and is based in Vancouver, Canada. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/19 00:42
    End of Day Share Price2020/01/17 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.