TSXV:ICM

Stock Analysis Report

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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 Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.5%

ICM

0.2%

CA Metals and Mining

2.5%

CA Market


1 Year Return

16.7%

ICM

49.8%

CA Metals and Mining

-3.9%

CA Market

Return vs Industry: ICM underperformed the Canadian Metals and Mining industry which returned 49.8% over the past year.

Return vs Market: ICM exceeded the Canadian Market which returned -3.9% over the past year.


Shareholder returns

ICMIndustryMarket
7 Day-4.5%0.2%2.5%
30 Day5.0%8.5%7.0%
90 Day133.3%22.3%11.4%
1 Year16.7%16.7%50.9%49.8%-0.5%-3.9%
3 Year110.0%110.0%62.5%59.2%12.6%1.8%
5 Year110.0%110.0%155.4%147.9%33.8%13.4%

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 compared to its fair value and its price relative to the 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 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.5%

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

  • 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.
  • Iconic Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Materials industry.

Past Performance

How has Iconic Minerals performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICM is currently unprofitable.

Growing Profit Margin: ICM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ICM is unprofitable, but has reduced losses over the past 5 years at a rate of 13.9% 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 (-5.5%).


Return on Equity

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


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


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 sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ICM has sufficient cash runway for 3 years if free cash flow continues to grow at historical rates of 0.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ICM'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 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

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

11.1yrs

Average management tenure


CEO

Richard Kern (72 yo)

11.08yrs

Tenure

CA$79,581

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Kern
President11.08yrsCA$79.58k9.1%
CA$ 980.5k
Richard Barnett
Secretary & CFO11.58yrsCA$24.00k1.93%
CA$ 207.8k
Keturah Nathe
VP of Corporate Development & Director1.58yrsno data0.76%
CA$ 81.4k

11.1yrs

Average Tenure

62yo

Average Age

Experienced Management: ICM's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Kern
President11.08yrsCA$79.58k9.1%
CA$ 980.5k
Keturah Nathe
VP of Corporate Development & Director1.58yrsno data0.76%
CA$ 81.4k
Jurgen Wolf
Independent Director14.5yrsno datano data
Huitt Tracey
Independent Director6.08yrsno datano data

9.6yrs

Average Tenure

66yo

Average Age

Experienced Board: ICM's board of directors are considered experienced (9.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ICM 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 27.3%.


Top Shareholders

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$10.776m
  • Shares outstanding: 102.63m
  • 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 Analysis2020/08/08 23:58
End of Day Share Price2020/08/07 00:00
Earnings2020/05/31
Annual Earnings2019/08/31


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.