TSXV:ICM

Stock Analysis Report

Executive Summary

Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium properties in Nevada and Canada.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

How has Iconic Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.1%

ICM

-2.3%

CA Metals and Mining

-0.3%

CA Market


1 Year Return

-42.9%

ICM

11.3%

CA Metals and Mining

0.9%

CA Market

Return vs Industry: ICM underperformed the Canadian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: ICM underperformed the Canadian Market which returned 0.9% over the past year.


Share holder returns

ICMIndustryMarket
7 Day9.1%-2.3%-0.3%
30 Day0%-2.9%-2.1%
90 Day-40.0%0.5%-1.5%
1 Year-42.9%-42.9%12.3%11.3%4.4%0.9%
3 Year-68.4%-68.4%-6.6%-8.4%15.7%5.4%
5 Year0%0%4.8%0.8%26.1%7.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Iconic Minerals undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Iconic Minerals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Iconic Minerals 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 ICM’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 Iconic Minerals regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Iconic Minerals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.4%

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 Iconic Minerals 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 Iconic Minerals performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ICM is unprofitable, and losses have increased over the past 5 years at a rate of -11% per year.

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

Earnings vs Industry: ICM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

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


Return on Assets

ROA vs Industry: ICM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ICM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Iconic Minerals's financial position?


Financial Position Analysis

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

Long Term Liabilities: ICM 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: ICM has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

Inventory Level: ICM has a high level of physical assets or inventory.

Debt Coverage by Assets: ICM 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: ICM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ICM has less than a year of cash runway if free cash flow continues to grow at historical rates of 53.7% each year.


Next Steps

Dividend

What is Iconic Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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

Growing Dividend: Insufficient data to determine if ICM'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 ICM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Iconic Minerals's salary, the management and board of directors tenure and is there insider trading?

10.3yrs

Average management tenure


CEO

Richard Kern (71yo)

10.3yrs

Tenure

CA$188,952

Compensation

Mr. Richard R. Kern, BSc., M.Sc., P. Geo has been the Chief Executive Officer and President of Iconic Minerals Ltd. (formerly Bonaventure Enterprises Inc.) since July 09, 2009. Mr. Kern is the Founder of M ...


Management Age and Tenure

10.3yrs

Average Tenure

61yo

Average Age

Experienced Management: ICM's management team is seasoned and experienced (10.3 years average tenure).


Board Age and Tenure

8.8yrs

Average Tenure

65yo

Average Age

Experienced Board: ICM's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellCA$3,45004 Jan 19
Huitt Tracey
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,000
Max PriceCA$0.11

Ownership Breakdown


Management Team

  • Richard Kern (71yo)

    President

    • Tenure: 10.3yrs
    • Compensation: CA$188.95k
  • Richard Barnett (61yo)

    Secretary & CFO

    • Tenure: 10.8yrs
    • Compensation: CA$55.16k
  • Keturah Nathe (40yo)

    VP of Corporate Development & Director

    • Tenure: 0.8yrs

Board Members

  • Jurgen Wolf (83yo)

    Director

    • Tenure: 13.7yrs
  • Richard Kern (71yo)

    President

    • Tenure: 10.3yrs
    • Compensation: CA$188.95k
  • Huitt Tracey (59yo)

    Director

    • Tenure: 5.3yrs
  • Keturah Nathe (40yo)

    VP of Corporate Development & Director

    • Tenure: 0.8yrs

Company Information

Iconic Minerals Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iconic Minerals Ltd.
  • Ticker: ICM
  • Exchange: TSXV
  • Founded: 1979
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$4.838m
  • Shares outstanding: 80.63m
  • Website: https://www.iconicminerals.com

Location

  • Iconic Minerals Ltd.
  • 595 Howe Street
  • Suite 303
  • Vancouver
  • British Columbia
  • V6C 2T5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICMTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
YQGBDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
BVTE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium properties in Nevada and Canada. It also explores for silver ores. The company holds a 10 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:40
End of Day Share Price2019/10/11 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.

© 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POOR’S FINANCIAL SERVICES LLC. ALL RIGHTS RESERVED.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2018, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2018)