TSXV:GSPR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

GSP Resource Corp. engages in the acquisition and exploration of mineral properties in Canada.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has GSP Resource's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GSPR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-19.7%

GSPR

-10.3%

CA Metals and Mining

1.0%

CA Market


1 Year Return

79.4%

GSPR

41.1%

CA Metals and Mining

-2.7%

CA Market

Return vs Industry: GSPR exceeded the Canadian Metals and Mining industry which returned 50.7% over the past year.

Return vs Market: GSPR exceeded the Canadian Market which returned -3% over the past year.


Shareholder returns

GSPRIndustryMarket
7 Day-19.7%-10.3%1.0%
30 Day5.2%1.8%6.4%
90 Day96.8%14.7%15.5%
1 Year79.4%79.4%42.2%41.1%0.6%-2.7%
3 Yearn/a50.2%47.2%12.4%1.7%
5 Yearn/a140.5%133.3%36.3%15.5%

Price Volatility Vs. Market

How volatile is GSP Resource's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GSP Resource undervalued compared to its fair value and its price relative to the market?

3.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GSPR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GSPR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GSPR is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: GSPR 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 GSPR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSPR is overvalued based on its PB Ratio (3.8x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is GSP Resource forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.7%

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 GSP Resource 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

Past Performance

How has GSP Resource performed over the past 5 years?

2.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GSPR is currently unprofitable.

Growing Profit Margin: GSPR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GSPR's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: GSPR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.9%).


Return on Equity

High ROE: GSPR has a negative Return on Equity (-20.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is GSP Resource's financial position?


Financial Position Analysis

Short Term Liabilities: GSPR's short term assets (CA$293.8K) exceed its short term liabilities (CA$15.4K).

Long Term Liabilities: GSPR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GSPR is debt free.

Reducing Debt: GSPR 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: GSPR has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GSPR is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is GSP Resource current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if GSPR'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 GSPR'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?

2.5yrs

Average board tenure


CEO

Simon Dyakowski (33 yo)

2.5yrs

Tenure

CA$18,000

Compensation

Mr. Simon Dyakowski, C.F.A, M.B.A. serves as Director at Jessy Ventures Corp. since April 11, 2019. Mr. Dyakowski is the President of GSP Resource Corp. He serves as President and Chief Executive Officer o ...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD13.53K) is below average for companies of similar size in the Canadian market ($USD176.38K).

Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Simon Dyakowski
President2.5yrsCA$18.00k12.28%
CA$ 553.6k
Christopher Dyakowski
Independent Chairman2.5yrsCA$31.58k6.09%
CA$ 274.5k
John Dawson
Member of Technical Advisory Board0.50yrno datano data
Jordan Trimble
Independent Director2.5yrsno data6.09%
CA$ 274.5k
Justin Kates
Independent Director2.5yrsno data2.71%
CA$ 122.0k
John Kerr
Member of Technical Advisory Board1.33yrsno datano data

2.5yrs

Average Tenure

37yo

Average Age

Experienced Board: GSPR's board of directors are not considered experienced ( 2.5 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 39.4%.


Top Shareholders

Company Information

GSP Resource Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GSP Resource Corp.
  • Ticker: GSPR
  • Exchange: TSXV
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.508m
  • Shares outstanding: 14.78m
  • Website: https://gspresource.com

Location

  • GSP Resource Corp.
  • 777 Dunsmuir Street
  • Suite 1610
  • Vancouver
  • British Columbia
  • V7Y 1K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSPRTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2018
GSRC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2018

Biography

GSP Resource Corp. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for sulphide, copper, gold, platinum, and palladium deposits. The company holds an optio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:35
End of Day Share Price2020/08/11 00:00
Earnings2020/02/29
Annual Earnings2019/05/31


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.