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Great Lakes Graphite

TSXV:GLK
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Great Lakes Graphite Inc., doing business as NovoCarbon Corporation, operates as a clean technology minerals processing company that supplies carbon products. The last earnings update was 64 days ago. More info.


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GLK Share Price and Events
7 Day Returns
0%
TSXV:GLK
3.6%
CA Metals and Mining
-0.8%
CA Market
1 Year Returns
0%
TSXV:GLK
-13.3%
CA Metals and Mining
-2.6%
CA Market
GLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Great Lakes Graphite (GLK) 0% 0% 0% 0% -46.2% -65%
CA Metals and Mining 3.6% -0.8% -5.3% -13.3% -18.4% -20.2%
CA Market -0.8% -3.5% 0.9% -2.6% 8.1% 1.3%
1 Year Return vs Industry and Market
  • GLK outperformed the Metals and Mining industry which returned -13.3% over the past year.
  • GLK outperformed the Market in Canada which returned -2.6% over the past year.
Price Volatility
GLK
Industry
5yr Volatility vs Market

GLK Value

 Is Great Lakes Graphite 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.

In this section, we usually try to help investors determine whether Great Lakes Graphite is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Great Lakes Graphite has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Great Lakes Graphite. This is due to cash flow or dividend data being unavailable. The share price is CA$0.035.
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 Great Lakes Graphite's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Great Lakes Graphite's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in CAD CA$-0.02
TSXV:GLK Share Price ** TSXV (2019-03-06) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 13.57x
Canada Market PE Ratio Median Figure of 547 Publicly-Listed Companies 14.91x

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

** Primary Listing of Great Lakes Graphite.

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

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

= 0.04 ÷ -0.02

-1.66x

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

  • Great Lakes Graphite is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Great Lakes Graphite is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Great Lakes Graphite's expected growth come at a high price?
Raw Data
TSXV:GLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.66x
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 0.58x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 1.15x

*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 Great Lakes Graphite, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Great Lakes Graphite's assets?
Raw Data
TSXV:GLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in CAD CA$-0.06
TSXV:GLK Share Price * TSXV (2019-03-06) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,092 Publicly-Listed Metals and Mining Companies 1.28x
Canada Market PB Ratio Median Figure of 2,411 Publicly-Listed Companies 1.41x
TSXV:GLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ -0.06

-0.62x

* Primary Listing of Great Lakes Graphite.

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

  • Great Lakes Graphite has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of GLK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Great Lakes Graphite's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Great Lakes Graphite'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. Great Lakes Graphite 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.

GLK Future Performance

 How is Great Lakes Graphite 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 Great Lakes Graphite 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
25.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Great Lakes Graphite expected to grow at an attractive rate?
  • Unable to compare Great Lakes Graphite's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Great Lakes Graphite's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Great Lakes Graphite's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GLK Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 21.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:GLK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:GLK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-01-31 0 -1 -3
2018-10-31 0 -3 -4
2018-07-31 0 -2 -7
2018-04-30 0 -2 -7
2018-01-31 0 -2 -7
2017-10-31 0 0 -6
2017-07-31 0 -1 -3
2017-04-30 0 -2 -3
2017-01-31 0 -2 -2
2016-10-31 0 -2 -3
2016-07-31 0 -1 -2
2016-04-30 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Great Lakes Graphite is high growth as no earnings estimate data is available.
  • Unable to determine if Great Lakes Graphite 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:GLK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Great Lakes Graphite Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GLK Past Financials Data
Date (Data in CAD Millions) EPS *
2019-01-31 -0.02
2018-10-31 -0.03
2018-07-31 -0.06
2018-04-30 -0.05
2018-01-31 -0.06
2017-10-31 -0.05
2017-07-31 -0.03
2017-04-30 -0.03
2017-01-31 -0.02
2016-10-31 -0.03
2016-07-31 -0.02
2016-04-30 -0.03

*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 Great Lakes Graphite will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GLK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Great Lakes Graphite'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. Great Lakes Graphite'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 Great Lakes Graphite'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.
Great Lakes Graphite 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.

GLK Past Performance

  How has Great Lakes Graphite 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 Great Lakes Graphite'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.
  • Great Lakes Graphite does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Great Lakes Graphite's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Great Lakes Graphite's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Great Lakes Graphite'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 Great Lakes Graphite Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GLK Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 0.00 -2.74 1.82
2018-10-31 0.00 -4.20 2.40
2018-07-31 0.02 -7.39 2.35
2018-04-30 0.05 -6.77 2.19
2018-01-31 0.16 -7.32 1.98
2017-10-31 0.30 -6.08 1.60
2017-07-31 0.48 -3.21 1.62
2017-04-30 0.48 -3.40 1.83
2017-01-31 0.37 -2.36 1.74
2016-10-31 0.23 -2.62 2.13
2016-07-31 0.03 -2.40 2.19
2016-04-30 -3.01 2.15
2016-01-31 -2.87 2.04
2015-10-31 -2.32 1.48
2015-07-31 -2.62 1.18
2015-04-30 -1.98 0.94
2015-01-31 -2.00 0.98
2014-10-31 -1.74 0.83
2014-07-31 -1.16 0.83
2014-04-30 -0.75 0.79
2014-01-31 -0.70 0.65
2013-10-31 -0.68 0.60
2013-07-31 -0.48 0.37
2013-04-30 -0.49 0.34
2013-01-31 -0.28 0.33
2012-10-31 -0.30 0.35
2012-07-31 -0.28 0.33

*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 Great Lakes Graphite has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Great Lakes Graphite 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 Great Lakes Graphite improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Great Lakes Graphite'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.
Great Lakes Graphite 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.

GLK Health

 How is Great Lakes Graphite'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 Great Lakes Graphite's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Great Lakes Graphite's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Great Lakes Graphite has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Great Lakes Graphite'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.
  • High level of physical assets or inventory.
  • Great Lakes Graphite has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Great Lakes Graphite Company Filings, last reported 4 months ago.

TSXV:GLK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 -7.48 4.81 0.01
2018-10-31 -7.19 4.63 0.03
2018-07-31 -6.80 4.38 0.02
2018-04-30 -6.11 4.33
2018-01-31 -5.30 3.43
2017-10-31 -3.90 1.13
2017-07-31 -0.11 1.08
2017-04-30 0.12 1.05
2017-01-31 1.39 0.72
2016-10-31 1.54 0.68
2016-07-31 2.38 0.52
2016-04-30 2.21 0.49
2016-01-31 2.21 0.45
2015-10-31 2.47 0.42
2015-07-31 2.26 0.36
2015-04-30 2.94 0.00
2015-01-31 2.33 0.00
2014-10-31 1.41 0.00
2014-07-31 2.11 0.00
2014-04-30 1.17 0.00
2014-01-31 1.37 0.00
2013-10-31 1.01 0.00
2013-07-31 0.90 0.00 0.22
2013-04-30 0.62 0.00
2013-01-31 0.77 0.00
2012-10-31 0.72 0.00
2012-07-31 0.79 0.00 0.15
  • Great Lakes Graphite has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Great Lakes Graphite's debt level has increased considering it has negative shareholder equity.
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.

  • Great Lakes Graphite has less than a year of cash runway based on current free cash flow.
  • Great Lakes Graphite has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.8% each year.
X
Financial health checks
We assess Great Lakes Graphite'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. Great Lakes Graphite has a total score of 1/6, 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.

GLK Dividends

 What is Great Lakes Graphite'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 Great Lakes Graphite dividends.
If you bought CA$2,000 of Great Lakes Graphite 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 Great Lakes Graphite's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Great Lakes Graphite'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:GLK 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 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.9%

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 Great Lakes Graphite has not reported any payouts.
  • Unable to verify if Great Lakes Graphite's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Great Lakes Graphite's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Great Lakes Graphite 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 Great Lakes Graphite's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Great Lakes Graphite afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Great Lakes Graphite 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.

GLK Management

 What is the CEO of Great Lakes Graphite'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
Paul Ferguson
COMPENSATION CA$113,750
AGE 57
TENURE AS CEO 0.3 years
CEO Bio

Mr. Paul K. Ferguson has been the Chief Marketing Officer of Great Lakes Graphite Inc. (NovoCarbon Corporation) since August 2014 and serves as its Interim Chief Executive Officer since February 2019. Mr. Ferguson serves as a Consultant and Chairman of Memorial Drive Investment Fund. He serves as Vice President of Business Development at Verito. Mr. Ferguson is responsible for all aspects of branding, messaging, collateral development, inbound marketing program development and lead generation. He served as Secretary of Shield Gold Inc. His work experience relates to business development and private investment. He has spent his career serving in technical and executive positions for a number of high technology companies. He is also an active investor in early stage companies and draws on his experience for business planning, brand development, marketing strategy and information technology. He has been a Director of Great Lakes Graphite Inc. since February 2004. He serves as a Director for Process Unity Inc. Mr. Ferguson received his Bachelor of Arts in Social Thought and Political Economy, Cum Laude degree from the University of Massachusetts at Amherst in 1981.

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

Average tenure of the Great Lakes Graphite management team in years:

3
Average Tenure
  • The tenure for the Great Lakes Graphite management team is about average.
Management Team

Paul Ferguson

TITLE
Chief Marketing Officer
COMPENSATION
CA$114K
AGE
57
TENURE
0.3 yrs

Rob Suttie

TITLE
Chief Financial Officer
COMPENSATION
CA$45K
AGE
49
TENURE
4 yrs

Gershon Borovsky

TITLE
Chief Science Officer
TENURE
2.1 yrs

Susan Murphy

TITLE
Manager of Administration

Jo-Anne Archibald

TITLE
Corporate Secretary
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Great Lakes Graphite board of directors in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Great Lakes Graphite board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Ferguson

TITLE
Chief Marketing Officer
COMPENSATION
CA$114K
AGE
57
TENURE
15.3 yrs

Brett Clark

TITLE
Independent Director
AGE
55
TENURE
1.6 yrs

Richard Baxter

TITLE
Independent Director
TENURE
0.9 yrs

Bruce Reading

TITLE
Independent Director
AGE
55
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Great Lakes Graphite insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Apr 19 Buy Richard Baxter Individual 16. Apr 19 16. Apr 19 500,000 CA$0.05 CA$25,000
17. Apr 19 Buy Paul Ferguson Individual 16. Apr 19 16. Apr 19 4,750,000 CA$0.05 CA$237,498
17. Apr 19 Buy Bruce Reading Individual 16. Apr 19 16. Apr 19 4,700,000 CA$0.05 CA$234,999
03. Aug 18 Buy Michael Coscia Individual 03. Aug 18 03. Aug 18 100,000 CA$0.06 CA$6,097
25. Jul 18 Buy Paul Ferguson Individual 25. Jul 18 25. Jul 18 40,000 CA$0.06 CA$2,387
06. Jul 18 Buy Paul Ferguson Individual 06. Jul 18 06. Jul 18 5,000 CA$0.06 CA$287
X
Management checks
We assess Great Lakes Graphite'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. Great Lakes Graphite 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.

GLK News

Simply Wall St News

Do Insiders Own Shares In Great Lakes Graphite Inc. (CVE:GLK)?

Every investor in Great Lakes Graphite Inc. … Great Lakes Graphite is a smaller company with a market capitalization of CA$5.3m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Great Lakes Graphite

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Why Great Lakes Graphite Inc's (CVE:GLK) CEO Pay Matters To You

Paul Gorman has been the CEO of Great Lakes Graphite Inc (CVE:GLK) since 2013. … How Does Paul Gorman's Compensation Compare With Similar Sized Companies. … Our data indicates that Great Lakes Graphite Inc is worth CA$3.3m, and total annual CEO compensation is CA$141k.

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Should You Be Concerned About Great Lakes Graphite Inc's (CVE:GLK) Investors?

In this article, I'm going to take a look at Great Lakes Graphite Inc’s (CVE:GLK) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Does Great Lakes Graphite Inc (CVE:GLK) Fall With The Market?

Check out our latest analysis for Great Lakes Graphite An interpretation of GLK's beta Great Lakes Graphite's beta of 0.27 indicates that the stock value will be less variable compared to the whole stock market. … GLK’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both GLK’s size and industry indicates the stock should have a higher beta than it currently has.

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How Should Investors React To Great Lakes Graphite Inc's (CVE:GLK) CEO Pay?

During times of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be a sign of some headwind. … Even though no standard benchmark exists, as compensation should account for specific factors of the company and market, we can gauge a high-level base line to see if GLK deviates substantially from its peers. … Typically I'd use market cap and profit as factors determining performance, however, GLK's negative earnings lower the usefulness of my formula.

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Interested In Great Lakes Graphite Inc (CVE:GLK)? Here's How It's Performing

TSXV:GLK Income Statement Mar 6th 18 We can further analyze Great Lakes Graphite's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Great Lakes Graphite's top-line has risen by 79.82% on average, indicating that the company is in a high-growth phase with expenses racing ahead revenues, leading to annual losses. … Though Great Lakes Graphite's past data is helpful, it is only one aspect of my investment thesis.

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Who Are Great Lakes Graphite Inc's (CVE:GLK) Major Shareholders?

In this article, I'm going to take a look at Great Lakes Graphite Inc’s (TSXV:GLK) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Great Lakes Graphite TSXV:GLK Ownership_summary Feb 22nd 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … General Public Ownership The general public holds a substantial 84.54% stake in GLK, making it a highly popular stock among retail investors.

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Should You Be Concerned About Great Lakes Graphite Inc's (TSXV:GLK) -14.8% Earnings Decline?

Today I will examine Great Lakes Graphite Inc's (TSXV:GLK) latest earnings update (31 July 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of GLK's industry performed. … View our latest analysis for Great Lakes Graphite Commentary On GLK's Past Performance I look at the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Great Lakes Graphite's latest earnings -CA$3.2M, which, against the previous year's figure, has become more negative.

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GLK Company Info

Description

Great Lakes Graphite Inc., doing business as NovoCarbon Corporation, operates as a clean technology minerals processing company that supplies carbon products. It offers high purity graphite products, spherical graphite products, and micronized graphite products. The company was formerly known as Shield Gold Inc. and changed its name to Great Lakes Graphite Inc. in May 2014. Great Lakes Graphite Inc. is based in Toronto, Canada.

Details
Name: Great Lakes Graphite Inc.
GLK
Exchange: TSXV
Founded:
CA$5,055,989
144,456,830
Website: http://novocarbon.com
Address: Great Lakes Graphite Inc.
The Canadian Venture Building,
Suite 200,
Toronto,
Ontario, M5C 1P1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GLK Common Shares TSX Venture Exchange CA CAD 07. Jul 2008
OTCPK GLKI.F Common Shares Pink Sheets LLC US USD 07. Jul 2008
DB 8GL Common Shares Deutsche Boerse AG DE EUR 07. Jul 2008
Number of employees
Current staff
Staff numbers
0
Great Lakes Graphite employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/04 00:10
End of day share price update: 2019/03/06 00:00
Last earnings filing: 2019/04/01
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


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.