TSXV:HBE

Stock Analysis Report

Hornby Bay Mineral Exploration

Executive Summary

Hornby Bay Mineral Exploration Ltd. engages in the exploration and evaluation of mineral properties in Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Hornby Bay Mineral Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

HBE

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

366.7%

HBE

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: HBE exceeded the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: HBE exceeded the Canadian Market which returned 4.5% over the past year.


Shareholder returns

HBEIndustryMarket
7 Day0%3.5%-1.5%
30 Day40.0%5.0%-0.7%
90 Day40.0%14.3%1.8%
1 Year366.7%366.7%7.5%6.8%5.7%2.5%
3 Year40.0%40.0%2.8%1.0%16.8%6.2%
5 Year75.0%75.0%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

How volatile is Hornby Bay Mineral Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hornby Bay Mineral Exploration undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Hornby Bay Mineral Exploration is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Hornby Bay Mineral Exploration 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.


Next Steps

  • Take a look at our analysis of HBE’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.
  • 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 Hornby Bay Mineral Exploration regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Hornby Bay Mineral Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

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 Hornby Bay Mineral Exploration 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 Hornby Bay Mineral Exploration performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBE is currently unprofitable.

Growing Profit Margin: HBE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HBE is unprofitable, but has reduced losses over the past 5 years at a rate of 12.8% per year.

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

Earnings vs Industry: HBE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: HBE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Hornby Bay Mineral Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: HBE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HBE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HBE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HBE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: HBE has a low level of unsold assets or inventory.

Debt Coverage by Assets: HBE has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: HBE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HBE has less than a year of cash runway if free cash flow continues to grow at historical rates of 34.5% each year.


Next Steps

Dividend

What is Hornby Bay Mineral Exploration's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HBE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HBE's dividends per share have been stable in the past.

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

5.2yrs

Average board tenure


CEO

Fred Leigh (63yo)

0.3yrs

Tenure

Mr. Frederic W.R. Leigh, also known as Fred, serves as President, Chief Executive Officer and Director of Hornby Bay Mineral Exploration Ltd. since October 16, 2019. Mr. Leigh was President, Chief Executiv ...


Board Members

NamePositionTenureCompensationOwnership
Christopher Irwin
Secretary & Director10yrsno data2.44% CA$182.0k
Frederic Leigh
President0.3yrsno data35.55% CA$2.6m
Maurice Colson
Non-Executive Chairman0.3yrsno datano data
Galen McNamara
Independent Director10yrsno data0.094% CA$7.0k

5.2yrs

Average Tenure

63yo

Average Age

Experienced Board: HBE's board of directors are considered experienced (5.2 years average tenure).


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 7.6%.


Top Shareholders

Company Information

Hornby Bay Mineral Exploration Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hornby Bay Mineral Exploration Ltd.
  • Ticker: HBE
  • Exchange: TSXV
  • Founded: 1996
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$7.446m
  • Shares outstanding: 106.37m
  • Website: https://www.hornbybay.com

Location

  • Hornby Bay Mineral Exploration Ltd.
  • 217 Queen Street West
  • Suite 401
  • Toronto
  • Ontario
  • M5V 0R2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HBETSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2000
HP2KDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2000
HBEX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2000

Biography

Hornby Bay Mineral Exploration Ltd. engages in the exploration and evaluation of mineral properties in Canada. It primarily explores for gold, base metal, uranium, and silver deposits. The company holds a 100% interests in the Coppermine River property located in the northern region of the Early Proterozoic Wopmay Orogen; and gold leases near Timmins, Ontario, as well as a 5% net smelter return royalty interest on various parts of the Copper Mountain mine. It also holds interest in the Fenton gold-silver project covering 41 minerals claims located in the Omineca mining district of British Columbia. The company was formerly known as Unor Inc. and changed its name to Hornby Bay Mineral Exploration Ltd.in April 2010. Hornby Bay Mineral Exploration Ltd. was incorporated in 1996 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:12
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.