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.

Risks

  • Iconic Minerals has significant price volatility in the past 3 months.
  • Iconic Minerals is not covered by any analysts.

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

0%

TSXV:ICM

-2.8%

CA Metals and Mining

-1.4%

CA Market


1 Year Return

-10.0%

TSXV:ICM

19.6%

CA Metals and Mining

-4.4%

CA Market

ICM underperformed the Metals and Mining industry which returned 19.6% over the past year.

ICM underperformed the Market in Canada which returned -4.4% over the past year.


Share holder returns

ICMIndustryMarket
7 Day0%-2.8%-1.4%
30 Day-10.0%-1.3%-2.8%
90 Day-14.3%19.5%-3.1%
1 Year-10.0%-10.0%20.6%19.6%-1.0%-4.4%
3 Year-64.7%-64.7%-16.1%-17.7%13.4%3.4%
5 Year157.1%157.1%-10.1%-13.4%12.4%-3.4%

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 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 size of the opportunity, the company's ability to deliver and scale, and the strength 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?

35.4%

Forecasted Metals and Mining 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

Iconic Minerals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Iconic Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Iconic Minerals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Iconic Minerals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Iconic Minerals has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Iconic Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Iconic Minerals's financial position?


Financial Position Analysis

Iconic Minerals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Iconic Minerals's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Iconic Minerals has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Iconic Minerals's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Iconic Minerals 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.

Iconic Minerals has less than a year of cash runway based on current free cash flow.

Iconic Minerals has less than a year of cash runway if free cash flow continues to reduce 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 and Payments Analysis

Unable to evaluate Iconic Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Iconic Minerals's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Iconic Minerals has not reported any payouts.

Unable to verify if Iconic Minerals's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Iconic Minerals has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

10.1yrs

Average management tenure


CEO

Richard Kern (71yo)

10.1yrs

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

10.1yrs

Average Tenure

61yo

Average Age

The average tenure for the Iconic Minerals management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.6yrs

Average Tenure

65yo

Average Age

The tenure for the Iconic Minerals board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

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

Ownership Breakdown


Management Team

  • Richard Kern (71yo)

    President

    • Tenure: 10.1yrs
    • Compensation: CA$188.95k
  • Richard Barnett (61yo)

    Secretary & CFO

    • Tenure: 10.6yrs
    • Compensation: CA$55.16k
  • Keturah Nathe (40yo)

    VP of Corporate Development & Director

    • Tenure: 6.5yrs

Board Members

  • Jurgen Wolf (83yo)

    Director

    • Tenure: 13.5yrs
  • Richard Kern (71yo)

    President

    • Tenure: 12.1yrs
    • Compensation: CA$188.95k
  • Huitt Tracey (59yo)

    Director

    • Tenure: 5.1yrs
  • Keturah Nathe (40yo)

    VP of Corporate Development & Director

    • Tenure: 0.6yrs

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$7.257m
  • Shares outstanding: 80.63m
  • Website: Click here

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 Analysis2019/08/17 23:53
End of Day Share Price2019/08/15 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.