Executive Summary
Giga Metals Corporation acquires, explores for, and develops mineral properties in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Giga Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GIGA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: GIGA's weekly volatility has decreased from 35% to 13% over the past year.
Market Performance
7 Day Return
-15.7%
GIGA
-6.9%
CA Metals and Mining
-0.3%
CA Market
1 Year Return
84.4%
GIGA
37.1%
CA Metals and Mining
2.6%
CA Market
Return vs Industry: GIGA exceeded the Canadian Metals and Mining industry which returned 36.5% over the past year.
Return vs Market: GIGA exceeded the Canadian Market which returned 2.2% over the past year.
Shareholder returns
| GIGA | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.7% | -6.9% | -0.3% |
| 30 Day | 3.5% | 4.1% | 3.7% |
| 90 Day | -21.3% | -3.3% | 12.4% |
| 1 Year | 84.4%84.4% | 38.2%37.1% | 6.3%2.6% |
| 3 Year | 0%0% | 41.6%38.6% | 14.7%3.7% |
| 5 Year | 2,850.0%2,850.0% | 185.2%176.2% | 72.4%45.9% |
Long-Term Price Volatility Vs. Market
How volatile is Giga Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall St
How Much Of Giga Metals Corporation (CVE:GIGA) Do Insiders Own?9 months ago | Simply Wall St
Companies Like Giga Metals (CVE:GIGA) Are In A Position To Invest In Growth1 year ago | Simply Wall St
Need To Know: Giga Metals Corporation (CVE:GIGA) Insiders Have Been Buying SharesValuation
Is Giga Metals undervalued compared to its fair value and its price relative to the market?
4.19x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GIGA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GIGA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GIGA is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: GIGA 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 GIGA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GIGA is overvalued based on its PB Ratio (4.2x) compared to the CA Metals and Mining industry average (2.9x).
Next Steps
Future Growth
How is Giga Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.4%
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 Giga Metals 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
- Examine Giga Metals'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.
- Giga Metals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Giga Metals performed over the past 5 years?
57.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GIGA is currently unprofitable.
Growing Profit Margin: GIGA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GIGA is unprofitable, but has reduced losses over the past 5 years at a rate of 57.1% per year.
Accelerating Growth: Unable to compare GIGA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GIGA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (71.8%).
Return on Equity
High ROE: GIGA has a negative Return on Equity (-18.14%), as it is currently unprofitable.
Next Steps
Financial Health
How is Giga Metals's financial position?
Financial Position Analysis
Short Term Liabilities: GIGA's short term assets (CA$4.6M) exceed its short term liabilities (CA$254.9K).
Long Term Liabilities: GIGA's short term assets (CA$4.6M) exceed its long term liabilities (CA$392.4K).
Debt to Equity History and Analysis
Debt Level: GIGA's debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GIGA's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
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: GIGA has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: GIGA has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 42% each year
Next Steps
Dividend
What is Giga Metals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GIGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GIGA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GIGA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GIGA'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 GIGA'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?
3.3yrs
Average management tenure
CEO
Mark Jarvis (65 yo)
17yrs
Tenure
CA$96,000
Compensation
Mr. Mark Jarvis serves as Strategic Board Advisor at Searchlight Resources Inc. since June 2020. Mr. Jarvis has been the Chief Executive Officer and President of Shoal Point Energy Ltd. since June 28, 2013...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD75.93K) is below average for companies of similar size in the Canadian market ($USD153.27K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 17yrs | CA$96.00k | 6.49% CA$ 2.7m | |
| President & Director | 2.17yrs | CA$209.56k | 0.57% CA$ 240.0k | |
| Controller & CFO | 2.75yrs | CA$31.13k | 0% CA$ 0 | |
| Corporate Secretary | 16.58yrs | CA$58.00k | 0.0091% CA$ 3.8k | |
| Manager of Exploration & Manager of Geology | 3.33yrs | no data | no data |
3.3yrs
Average Tenure
58yo
Average Age
Experienced Management: GIGA's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 17yrs | CA$96.00k | 6.49% CA$ 2.7m | |
| President & Director | 2.17yrs | CA$209.56k | 0.57% CA$ 240.0k | |
| Senior Mining Advisor to the President | 3.25yrs | CA$2.50k | no data | |
| Independent Director | 17.17yrs | CA$6.00k | 0.00043% CA$ 181.5 | |
| Member of Advisory Board | 2yrs | CA$378.00 | 0.036% CA$ 15.0k | |
| Member of Advisory Board | 3.25yrs | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Non-Executive Chair of the Board | 0.42yr | CA$141.35k | 0.71% CA$ 300.0k | |
| Independent Director | 2yrs | CA$74.48k | 0% CA$ 0 |
2.7yrs
Average Tenure
59.5yo
Average Age
Experienced Board: GIGA's board of directors are not considered experienced ( 2.7 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: Insufficient data to determine if 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 26.8%.
Top Shareholders
Company Information
Giga Metals Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Giga Metals Corporation
- Ticker: GIGA
- Exchange: TSXV
- Founded: 1983
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$42.207m
- Shares outstanding: 70.34m
- Website: https://www.gigametals.com
Number of Employees
Location
- Giga Metals Corporation
- 700 West Pender Street
- Suite 203
- Vancouver
- British Columbia
- V6C 1G8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GIGA | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 1988 |
| BRR2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1988 |
| HNCK.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1988 |
| 0UXL | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Sep 1988 |
Biography
Giga Metals Corporation acquires, explores for, and develops mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It owns a 100% interest in the Turnagain property co...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/14 23:08 |
| End of Day Share Price | 2021/01/14 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.