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GRSL

GR Silver Mining TSXV:GRSL Stock Report

Last Price

CA$0.14

Market Cap

CA$28.3m

7D

11.5%

1Y

-66.7%

Updated

12 Aug, 2022

Data

Company Financials +
GRSL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

GRSL Stock Overview

GR Silver Mining Ltd. engages in the acquisition, exploration, and development of mineral resource properties primarily in Mexico.

GR Silver Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GR Silver Mining
Historical stock prices
Current Share PriceCA$0.14
52 Week HighCA$0.47
52 Week LowCA$0.10
Beta2.5
1 Month Change26.09%
3 Month Change-19.44%
1 Year Change-66.67%
3 Year Change-27.50%
5 Year Changen/a
Change since IPO-44.23%

Recent News & Updates

Shareholder Returns

GRSLCA Metals and MiningCA Market
7D11.5%4.4%3.0%
1Y-66.7%-14.2%0.7%

Return vs Industry: GRSL underperformed the Canadian Metals and Mining industry which returned -14.7% over the past year.

Return vs Market: GRSL underperformed the Canadian Market which returned -0.2% over the past year.

Price Volatility

Is GRSL's price volatile compared to industry and market?
GRSL volatility
GRSL Average Weekly Movement15.8%
Metals and Mining Industry Average Movement11.6%
Market Average Movement10.6%
10% most volatile stocks in CA Market19.0%
10% least volatile stocks in CA Market4.3%

Stable Share Price: GRSL is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: GRSL's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2012n/aEric Zaunscherbhttps://www.grsilvermining.com

GR Silver Mining Ltd. engages in the acquisition, exploration, and development of mineral resource properties primarily in Mexico. The company explores for gold, silver, lead, and zinc deposits. Its projects include San Marcial project covering an area of 1,250 hectares; Plomosas silver project covering an area of 8,515 hectares located in the Rosario Mining District; and La Trinidad project covering an area of approximately 107,392.5 hectares located in Mexico.

GR Silver Mining Fundamentals Summary

How do GR Silver Mining's earnings and revenue compare to its market cap?
GRSL fundamental statistics
Market CapCA$28.31m
Earnings (TTM)-CA$17.67m
Revenue (TTM)n/a

0.0x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRSL income statement (TTM)
RevenueCA$0
Cost of RevenueCA$617.00
Gross Profit-CA$617.00
Other ExpensesCA$17.67m
Earnings-CA$17.67m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.091
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did GRSL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GRSL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRSL?

Other financial metrics that can be useful for relative valuation.

GRSL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-1.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does GRSL's PB Ratio compare to its peers?

GRSL PB Ratio vs Peers
The above table shows the PB ratio for GRSL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average7.4x
OCG Outcrop Silver & Gold
3.3xn/aCA$27.2m
EMPR Empress Royalty
1.8xn/aCA$30.8m
DMI Diamcor Mining
19.6xn/aCA$22.3m
VML Viscount Mining
4.8xn/aCA$33.6m
GRSL GR Silver Mining
2x50.6%CA$28.3m

Price-To-Book vs Peers: GRSL is good value based on its Price-To-Book Ratio (2x) compared to the peer average (7.4x).


Price to Earnings Ratio vs Industry

How does GRSL's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: GRSL is expensive based on its Price-To-Book Ratio (2x) compared to the Canadian Metals and Mining industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is GRSL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRSL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GRSL's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GRSL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GRSL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GRSL's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is GR Silver Mining forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


50.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRSL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GRSL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GRSL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if GRSL's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: GRSL is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GRSL's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has GR Silver Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRSL is currently unprofitable.

Growing Profit Margin: GRSL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GRSL is unprofitable, and losses have increased over the past 5 years at a rate of 48.2% per year.

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

Earnings vs Industry: GRSL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16.5%).


Return on Equity

High ROE: GRSL has a negative Return on Equity (-123.83%), as it is currently unprofitable.


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Financial Health

How is GR Silver Mining's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GRSL's short term assets (CA$6.5M) do not cover its short term liabilities (CA$14.8M).

Long Term Liabilities: GRSL's short term assets (CA$6.5M) exceed its long term liabilities (CA$2.7M).


Debt to Equity History and Analysis

Debt Level: GRSL is debt free.

Reducing Debt: GRSL has not had any debt for 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: GRSL has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GRSL is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


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Dividend

What is GR Silver Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if GRSL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRSL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Eric Zaunscherb

0.42

Tenure

Mr. Eric Zaunscherb, CFA, serves as an Independent Director at Outback Goldfields Corp. (formerly known as Skarb Exploration Corp.) since November 19, 2020 and TriStar Gold, Inc. since December 10, 2020. H...


Leadership Team

Experienced Management: GRSL's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: GRSL's board of directors are not considered experienced ( 2.8 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: GRSL 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 16.8%.


Top Shareholders

Company Information

GR Silver Mining Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: GR Silver Mining Ltd.
  • Ticker: GRSL
  • Exchange: TSXV
  • Founded: 2012
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: CA$28.306m
  • Shares outstanding: 195.22m
  • Website: https://www.grsilvermining.com

Location

  • GR Silver Mining Ltd.
  • 999 West Hastings Street
  • Suite 900
  • Vancouver
  • British Columbia
  • V6C 2W2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.