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FireFox Gold

TSXV:FFOX
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FFOX
TSXV
CA$6M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

FireFox Gold Corp. engages in the exploration and development of mineral properties in Finland. The last earnings update was 323 days ago. More info.


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  • FireFox Gold has significant price volatility in the past 3 months.
FFOX Share Price and Events
7 Day Returns
-31%
TSXV:FFOX
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-
TSXV:FFOX
-7.9%
CA Metals and Mining
-0.1%
CA Market
FFOX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FireFox Gold (FFOX) -31% -27.3% - - - -
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • No trading data on FFOX.
  • No trading data on FFOX.
Price Volatility
Industry
5yr Volatility vs Market

FFOX Value

 Is FireFox Gold 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 FireFox Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.2.
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 FireFox Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FireFox Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:FFOX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in CAD CA$-0.12
TSXV:FFOX Share Price ** TSXV (2019-03-18) in CAD CA$0.2
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of FireFox Gold.

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

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

= 0.2 ÷ -0.12

-1.61x

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

  • FireFox Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • FireFox Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does FireFox Gold's expected growth come at a high price?
Raw Data
TSXV:FFOX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.61x
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 0.69x
Canada Market PEG Ratio Median Figure of 251 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 FireFox Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FireFox Gold's assets?
Raw Data
TSXV:FFOX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in CAD CA$0.03
TSXV:FFOX Share Price * TSXV (2019-03-18) in CAD CA$0.2
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:FFOX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.2 ÷ 0.03

6.52x

* Primary Listing of FireFox Gold.

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

  • FireFox Gold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess FireFox Gold'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. FireFox Gold has a total score of 0/6, 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.

FFOX Future Performance

 How is FireFox Gold 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 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 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
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FireFox Gold expected to grow at an attractive rate?
  • Unable to compare FireFox Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare FireFox Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare FireFox Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:FFOX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:FFOX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:FFOX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2017-12-31 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if FireFox Gold is high growth as no earnings estimate data is available.
  • Unable to determine if FireFox Gold 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:FFOX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from FireFox Gold Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FFOX Past Financials Data
Date (Data in CAD Millions) EPS *
2017-12-31 -0.12

*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 FireFox Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine FireFox Gold'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. FireFox Gold'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. FireFox Gold'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 FireFox Gold'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.
FireFox Gold 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.

FFOX Past Performance

  How has FireFox Gold performed over the past 5 years?

  • FireFox Gold's last earnings update was 323 days ago.
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 FireFox Gold'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.
  • FireFox Gold does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare FireFox Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FireFox Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
FireFox Gold'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 FireFox Gold Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FFOX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 -1.74 1.59

*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 FireFox Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FireFox Gold 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 FireFox Gold 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 FireFox Gold'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.
FireFox Gold 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.

FFOX Health

 How is FireFox Gold'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 FireFox Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FireFox Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FireFox Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FireFox Gold'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.
  • Low level of unsold assets.
  • FireFox Gold 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 FireFox Gold Company Filings, last reported 1 year ago.

TSXV:FFOX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 0.62 0.00 0.65
  • FireFox Gold has no debt.
  • FireFox Gold has not taken on any debt in the past 5 years.
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.

  • Information is not available.
  • Unable to confirm if FireFox Gold has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess FireFox Gold'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. FireFox Gold 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.

FFOX Dividends

 What is FireFox Gold'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 FireFox Gold dividends.
If you bought CA$2,000 of FireFox Gold 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 FireFox Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FireFox Gold'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:FFOX 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 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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.

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

  • Unable to perform a dividend volatility check as FireFox Gold has not reported any payouts.
  • Unable to verify if FireFox Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FireFox Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FireFox Gold 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 FireFox Gold'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 FireFox Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FireFox Gold 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.

FFOX Management

 What is the CEO of FireFox Gold'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
Carl Löfberg
COMPENSATION CA$120,000
CEO Bio

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. Löfberg is Partner of med tech company and serves as Managing Director of Hopeahelmi Investment Ltd. He has broad experience in business consulting, project management, company start-ups and financing. In the late 1990s he worked as a telecommunications consultant and has since then consulted numerous start-ups and research institutions on business strategy and financing. He received M.Sc. from Tampere University of Technology and has a degree in Industrial Economics.

CEO Compensation
  • Insufficient data for Carl to compare compensation growth.
  • Carl's remuneration is about average for companies of similar size in Canada.
Management Team

Carl Löfberg

TITLE
CEO, President & Director
COMPENSATION
CA$120K

Andrew MacRitchie

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$120K
AGE
43

Petri Peltonen

TITLE
Exploration Manager
AGE
57
Board of Directors

Robert Highsmith

TITLE
Chairman
AGE
50

Carl Löfberg

TITLE
CEO, President & Director
COMPENSATION
CA$120K

Joe Mullin

TITLE
Director
AGE
45
TENURE
1.8 yrs

Julie Lassonde-Gray

TITLE
Director
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FireFox Gold 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$) Value (CA$)
21. Dec 18 Buy Andrew MacRitchie Individual 21. Dec 18 21. Dec 18 25,000 CA$0.40 CA$10,000
21. Dec 18 Buy Carl Löfberg Individual 21. Dec 18 21. Dec 18 12,500 CA$0.40 CA$5,000
21. Dec 18 Buy Magnus Minerals Ltd. Company 21. Dec 18 21. Dec 18 112,500 CA$0.40 CA$45,000
14. Sep 18 Buy Magnus Minerals Ltd. Company 13. Sep 18 13. Sep 18 1,500,000 CA$0.35 CA$524,999
X
Management checks
We assess FireFox Gold'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. FireFox Gold 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.

FFOX News

Simply Wall St News

FFOX Company Info

Description

FireFox Gold Corp. engages in the exploration and development of mineral properties in Finland. The company explores for gold minerals. Its properties include the Jeesio project covering approximately 462 square kilometers located in Lapland; the Mustajarvi project consisting of 1.47 square kilometers situated in northern Finland; the Ylojarvi project comprising approximately 10,700 hectares situated in western branch of Tampere Schist Belt; and the Riikonkoski project covering approximately 16.9 square kilometers located in Lapland. 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 headquartered in Vancouver, Canada.

Details
Name: FireFox Gold Corp.
FFOX
Exchange: TSXV
Founded: 2017
CA$5,877,499
29,387,498
Website: http://www.firefoxgold.com
Address: FireFox Gold Corp.
1021 West Hastings Street,
Suite 650,
Vancouver,
British Columbia, V6E 0C3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FFOX Common Shares TSX Venture Exchange CA CAD 21. Dec 2018
DB FIY Common Shares Deutsche Boerse AG DE EUR 21. Dec 2018
Number of employees
Current staff
Staff numbers
0
FireFox Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:47
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/04/30
Last earnings reported: 2017/12/31
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.