Highbank Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada.
Overvalued with weak fundamentals.
Share Price & News
How has Highbank Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HBK has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: HBK underperformed the Canadian Metals and Mining industry which returned 4.9% over the past year.
Return vs Market: HBK underperformed the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Highbank Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall StDid Changing Sentiment Drive Highbank Resources's (CVE:HBK) Share Price Down A Painful 91%?
1 year ago | Simply Wall StDoes Highbank Resources Ltd (CVE:HBK) Go Up With The Market?
1 year ago | Simply Wall StShould You Be Concerned About Highbank Resources Ltd's (CVE:HBK) Shareholders?
Is Highbank Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate HBK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate HBK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HBK is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: HBK 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 HBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HBK is good value based on its PB Ratio (0.6x) compared to the CA Metals and Mining industry average (1.5x).
How is Highbank Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Highbank Resources 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.
- Take a look at our analysis of HBK’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.
- Highbank Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Highbank Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HBK is currently unprofitable.
Growing Profit Margin: HBK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HBK is unprofitable, but has reduced losses over the past 5 years at a rate of 3.1% per year.
Accelerating Growth: Unable to compare HBK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HBK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).
Return on Equity
High ROE: HBK has a negative Return on Equity (-47.9%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Highbank Resources's financial position?
Financial Position Analysis
Short Term Liabilities: HBK's short term assets (CA$52.2K) do not cover its short term liabilities (CA$5.3M).
Long Term Liabilities: HBK's short term assets (CA$52.2K) do not cover its long term liabilities (CA$4.1M).
Debt to Equity History and Analysis
Debt Level: HBK's debt to equity ratio (334.2%) is considered high.
Reducing Debt: HBK's debt to equity ratio has increased from 170.1% to 334.2% over the past 5 years.
Inventory Level: HBK has a high level of physical assets or inventory.
Debt Coverage by Assets: HBK's debt is not covered by short term assets (assets are 0x debt).
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: HBK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HBK has less than a year of cash runway if free cash flow continues to grow at historical rates of 33.9% each year.
What is Highbank Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HBK'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 HBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HBK'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 HBK's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jim Place (57yo)
Mr. James H. Place, also known as Jim, P.Geo., serves as Director at Lodge Resources Inc since October 24, 2018. Mr. Place served as President and Chief Executive Officer of Belmont Resources Inc until Nov ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD73.59K) is below average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
|CFO, Corporate Secretary & Director||31.2yrs||CA$66.75k||1.21% CA$25.4k|
|Independent Director||17.7yrs||CA$2.60k||0.046% CA$975.0|
|Advisory Board Member||3.8yrs||no data||no data|
|Independent Director||5.5yrs||CA$6.23k||3.19% CA$66.9k|
Experienced Board: HBK's board of directors are considered experienced (5.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.9%.
Highbank Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Highbank Resources Ltd.
- Ticker: HBK
- Exchange: TSXV
- Founded: 1980
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$2.099m
- Shares outstanding: 139.91m
- Website: https://www.highbankresources.com
- Highbank Resources Ltd.
- 625 Howe Street
- Suite 600
- British Columbia
- V6C 2T6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HBK||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|V7O||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1988|
|HBKR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1988|
Highbank Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada. The company primarily mines for sand and gravel resources. It holds 100% working ownership interest in the Swamp Point Gravel deposit located in Portland Canal, British Columbia. Highbank Resources Ltd. was founded in 1980 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 00:10|
|End of Day Share Price||2020/02/25 00:00|
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.