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Golden Secret Ventures

TSXV:GGS
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GGS
TSXV
CA$9M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Golden Secret Ventures Ltd., a junior mineral exploration company, acquires, explores for, evaluates, and develops mineral resource properties. The last earnings update was 63 days ago. More info.


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GGS Share Price and Events
Price Volatility
GGS
Industry
5yr Volatility vs Market

GGS Value

 Is Golden Secret Ventures 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
Here we compare the current share price of Golden Secret Ventures to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Golden Secret Ventures.

TSXV:GGS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:GGS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.755 (1 + (1- 26.5%) (0%))
1.755
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.76
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.34% + (1.755 * 7.66%)
15.79%

Discounted Cash Flow Calculation for TSXV:GGS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Golden Secret Ventures is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:GGS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 0.07 0.08 0.08 0.09 0.10
Source Est @ 7.47% Est @ 7.47% Est @ 7.47% Est @ 7.47% Est @ 7.47%
Present Value
Discounted (@ 15.79%)
0.06 0.06 0.05 0.05 0.05
Present value of next 5 years cash flows CA$0.27
TSXV:GGS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$0.10 × (1 + 2.34%) ÷ (15.79% – 2.34%)
CA$0.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$0.73 ÷ (1 + 15.79%)5
CA$0.35
TSXV:GGS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$0.27 + CA$0.35
CA$0.62
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$0.62 / 33.30
CA$0.02
TSXV:GGS Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.02
Current discount Discount to share price of CA$0.27
= -1 x (CA$0.27 - CA$0.02) / CA$0.02
-1349.1%

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

  • The current share price of Golden Secret Ventures is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Golden Secret Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Secret Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GGS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CAD CA$-0.02
TSXV:GGS Share Price ** TSXV (2018-07-27) in CAD CA$0.27
Canada Metals and Mining Industry PE Ratio Median Figure of 128 Publicly-Listed Metals and Mining Companies 9.52x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 15.04x

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

** Primary Listing of Golden Secret Ventures.

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

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

= 0.27 ÷ -0.02

-17.26x

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

  • Golden Secret Ventures is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Golden Secret Ventures is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Golden Secret Ventures's expected growth come at a high price?
Raw Data
TSXV:GGS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.26x
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 48 Publicly-Listed Metals and Mining Companies 0.38x
Canada Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.11x

*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 Golden Secret Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Secret Ventures's assets?
Raw Data
TSXV:GGS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CAD CA$0.08
TSXV:GGS Share Price * TSXV (2018-07-27) in CAD CA$0.27
Canada Metals and Mining Industry PB Ratio Median Figure of 1,048 Publicly-Listed Metals and Mining Companies 1.41x
Canada Market PB Ratio Median Figure of 2,230 Publicly-Listed Companies 1.56x
TSXV:GGS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.27 ÷ 0.08

3.48x

* Primary Listing of Golden Secret Ventures.

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

  • Golden Secret Ventures is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Golden Secret Ventures'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. Golden Secret Ventures 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.

GGS Future Performance

 How is Golden Secret Ventures 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 Golden Secret Ventures 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
22.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Secret Ventures expected to grow at an attractive rate?
  • Unable to compare Golden Secret Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Golden Secret Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Golden Secret Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GGS Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 16.7%
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:GGS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:GGS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-06-30 -0 -0
2018-03-31 -0 -0
2017-12-31 -0 -0
2017-09-30 -0 -0
2017-06-30 -0 -0
2017-03-31 -0 -0
2016-12-31 -0 -0
2016-09-30 -0 -0
2016-06-30 -0 -0
2016-03-31 -0 -0
2015-12-31 -0 -0
2015-09-30 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Golden Secret Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Golden Secret Ventures 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:GGS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Golden Secret Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GGS Past Financials Data
Date (Data in CAD Millions) EPS *
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.00
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01
2015-09-30 -0.01

*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 Golden Secret Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Golden Secret Ventures'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. Golden Secret Ventures'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. Golden Secret Ventures'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
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Future performance checks
We assess Golden Secret Ventures'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.
Golden Secret Ventures 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.

GGS Past Performance

  How has Golden Secret Ventures 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 Golden Secret Ventures'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.
  • Golden Secret Ventures does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Golden Secret Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golden Secret Ventures's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Golden Secret Ventures'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 Golden Secret Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GGS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -0.49 0.51
2018-03-31 -0.49 0.52
2017-12-31 -0.11 0.13
2017-09-30 -0.14 0.15
2017-06-30 -0.15 0.14
2017-03-31 -0.20 0.17
2016-12-31 -0.27 0.24
2016-09-30 -0.24 0.22
2016-06-30 -0.25 0.23
2016-03-31 -0.21 0.19
2015-12-31 -0.15 0.13
2015-09-30 -0.17 0.15
2015-06-30 -0.16 0.15
2015-03-31 -0.17 0.15
2014-12-31 -0.16 0.14
2014-09-30 -0.20 0.15
2014-06-30 -0.20 0.15
2014-03-31 -0.19 0.14
2013-12-31 -0.19 0.14
2013-09-30 -0.15 0.14
2013-06-30 -0.16 0.14
2013-03-31 -0.18 0.17
2012-12-31 -0.18 0.17
2012-09-30 -1.46 0.15
2012-06-30 -1.45 0.13
2012-03-31 -1.41 0.10
2011-12-31 -1.40 0.09

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

GGS Health

 How is Golden Secret Ventures'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 Golden Secret Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Secret Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Secret Ventures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Golden Secret Ventures'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.
  • Golden Secret Ventures 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 Golden Secret Ventures Company Filings, last reported 3 months ago.

TSXV:GGS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2.59 0.00 2.59
2018-03-31 2.60 0.00 2.61
2017-12-31 2.49 0.00 2.50
2017-09-30 2.38 0.00 2.38
2017-06-30 2.40 0.00 2.42
2017-03-31 2.42 0.00 2.43
2016-12-31 2.45 0.00 2.47
2016-09-30 2.52 0.00 2.50
2016-06-30 2.55 0.00 2.52
2016-03-31 0.18 0.00 0.20
2015-12-31 -0.20 0.00 0.00
2015-09-30 -0.16 0.16 0.00
2015-06-30 -0.13 0.12 0.00
2015-03-31 -0.09 0.08 0.00
2014-12-31 -0.05 0.04 0.00
2014-09-30 0.00 0.02 0.02
2014-06-30 0.03 0.05 0.08
2014-03-31 0.07 0.08 0.16
2013-12-31 -0.05 0.16 0.14
2013-09-30 -0.33 0.35 0.00
2013-06-30 -0.29 0.33 0.02
2013-03-31 -0.27 0.36 0.09
2012-12-31 -0.40 0.39 0.00
2012-09-30 -0.34 0.35 0.00
2012-06-30 -0.30 0.28 0.00
2012-03-31 -0.25 0.23 0.00
2011-12-31 -0.21 0.18 0.00
  • Golden Secret Ventures has no debt.
  • Golden Secret Ventures currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Whilst loss making Golden Secret Ventures has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Golden Secret Ventures has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -20.1% per year.
X
Financial health checks
We assess Golden Secret Ventures'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. Golden Secret Ventures has a total score of 6/6, 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.

GGS Dividends

 What is Golden Secret Ventures'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 Golden Secret Ventures dividends.
If you bought CA$2,000 of Golden Secret Ventures 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 Golden Secret Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Golden Secret Ventures'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:GGS 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 27 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 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 Golden Secret Ventures has not reported any payouts.
  • Unable to verify if Golden Secret Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Golden Secret Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Golden Secret Ventures 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 Golden Secret Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 Golden Secret Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Secret Ventures 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.

GGS Management

 What is the CEO of Golden Secret Ventures'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
Christy Louth
COMPENSATION CA$7,818
TENURE AS CEO 2.6 years
CEO Bio

Christy Louth holds an MBA from Cornell University and has held several senior management positions including Chief Financial Officer of the Clinton Giustra Enterprise Partnership (Canada) and has served on the board and of other junior public companies.

CEO Compensation
  • Christy's compensation has increased whilst company is loss making.
  • Christy's remuneration is lower than average for companies of similar size in Canada.
Management Team

Christy Louth

TITLE
President & CEO
COMPENSATION
CA$8K
TENURE
2.6 yrs

Joanna Vastardis

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$8K
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure of the Golden Secret Ventures board of directors in years:

2.6
Average Tenure
  • The average tenure for the Golden Secret Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Christy Louth

TITLE
President & CEO
COMPENSATION
CA$8K
TENURE
2.6 yrs

Matthew Lawson

TITLE
Director
COMPENSATION
CA$8K
TENURE
2.6 yrs

Bernadette D'Silva

TITLE
Director
COMPENSATION
CA$8K
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Golden Secret Ventures'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. Golden Secret Ventures 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.

GGS News

External News
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Simply Wall St News

Breaking Down Golden Secret Ventures Ltd's (CVE:GGS) Ownership Structure

In this analysis, my focus will be on developing a perspective on Golden Secret Ventures Ltd’s (CVE:GGS) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Check out our latest analysis for Golden Secret Ventures

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Should You Be Holding Golden Secret Ventures Ltd (TSXV:GGS) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … View our latest analysis for Golden Secret Ventures An interpretation of GGS's beta Golden Secret Ventures has a beta of 2.52, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … However, this is the opposite to what GGS’s actual beta value suggests, which is higher stock volatility relative to the market.

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Who Are The Major Shareholders Of Golden Secret Ventures Ltd (TSXV:GGS)?

I am going to take a deep dive into Golden Secret Ventures Ltd’s (TSXV:GGS) most recent ownership structure, not a frequent subject of discussion among individual investors. … However, we should dig deeper into GGS's ownership structure and find out how other key ownership classes can affect its investment profile. … If you are building an investment case for GGS, ownership structure alone should not dictate your decision to buy or sell the stock.

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GGS Company Info

Map
Description

Golden Secret Ventures Ltd., a junior mineral exploration company, acquires, explores for, evaluates, and develops mineral resource properties. It holds a 100% interest in three claims located in the Kamloops mining division of Central British Columbia, known as the Beaton claims. The company was formerly known as Lakewood Mining Co. Ltd. and changed its name to Golden Secret Ventures Ltd. in November 2013. Golden Secret Ventures Ltd. was incorporated in 1969 and is based in Vancouver, Canada.

Details
Name: Golden Secret Ventures Ltd.
GGS
Exchange: TSXV
Founded: 1969
CA$8,990,798
33,299,252
Website: http://
Address: Golden Secret Ventures Ltd.
1055 West Georgia Street,
1500 Royal Centre,
Vancouver,
British Columbia, V6E 4N7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GGS Common Shares TSX Venture Exchange CA CAD 13. Sep 1988
DB 32G Common Shares Deutsche Boerse AG DE EUR 13. Sep 1988
Number of employees
Current staff
Staff numbers
0
Golden Secret Ventures employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/24 21:07
End of day share price update: 2018/07/27 00:00
Last earnings filing: 2018/08/22
Last earnings reported: 2018/06/30
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.