Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Independence Gold. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Independence Gold's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Independence Gold 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Independence Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Independence Gold's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Independence Gold's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Independence Gold is high growth as no earnings estimate data is available.
Unable to determine if Independence Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Independence Gold's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Independence Gold's finances.
The net worth of a company is the difference between its assets and liabilities.
Independence Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Independence Gold has no long term commitments.
This treemap shows a more detailed breakdown of
Independence Gold's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Independence Gold has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Randy Christopher Turner is a Professional Geologist with over 40 years of experience in Canadian and International mineral exploration, business and finance. He is President and Chief Executive Officer of Canterra Minerals Corporation and has been its Director since March 30, 1999. Mr. Turner spent 20 years with Esso Minerals Canada and AGIP Mining Ltd. exploring for uranium, gold and base metals. As President of Trimin Resources Ltd. he was involved in the development and sale of the McIlvenna Bay copper/zinc deposit in Saskatchewan. Mr. Turner’s notable career achievements include guiding Winspear Diamonds Inc. from the discovery of the Snap Lake diamond deposit in northern Canada through to its sale to De Beers Mining.
Randy's compensation has increased whilst company is loss making.
Randy's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
management team in years:
The average tenure for the Independence Gold management team is less than 2 years, this suggests a new team.
CEO & Director
President & Director
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Independence Gold board of directors is less than 3 years, this suggests a new board.
What Kind Of Risk Should You Expect For Independence Gold Corp (CVE:IGO)?
If you are looking to invest in Independence Gold Corp’s (CVE:IGO), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.
Independence Gold Corp (CVE:IGO): How Does It Impact Your Portfolio?
A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Therefore, this is a type of risk which is associated with higher beta. … I examine IGO’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.
What Does Independence Gold Corp's (CVE:IGO) Ownership Structure Look Like?
In this article, I'm going to take a look at Independence Gold Corp’s (TSXV:IGO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Independence Gold TSXV:IGO Ownership_summary Apr 13th 18 Insider Ownership Another important group of shareholders are company insiders. … Public Company Ownership Potential investors in IGO should also look at another important group of investors: other public companies, with a stake of 19.41%, who are primarily invested because of strategic and capital gain interests.
Basic Materials Industry Trends And Its Impact On Independence Gold Corp (CVE:IGO)
Independence Gold Corp (TSXV:IGO), a CA$6.45M small-cap, operates in the basic materials industry which supplies materials for construction. … Below, I will examine the sector growth prospects, and also determine whether Independence Gold is a laggard or leader relative to its basic materials sector peers. … View our latest analysis for Independence Gold What’s the catalyst for Independence Gold's sector growth?
Before You Buy Independence Gold Corp's (CVE:IGO), You Should Consider This
A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 1.67, Independence Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of CA$6.45M, IGO falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.
Should You Be Concerned About Independence Gold Corp's (CVE:IGO) Shareholders?
When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for Independence Gold TSXV:IGO Ownership_summary Dec 22nd 17 Insider Ownership Another important group of shareholders are company insiders. … General Public Ownership A substantial ownership of 75.10% in IGO is held by the general public.
Is It Too Late To Buy Independence Gold Corp (CVE:IGO)?
I find that Independence Gold’s ratio of 0.4x is trading slightly below its industry peers’ ratio of 1.1x, which means if you buy Independence Gold today, you’d be paying a relatively fair price for it. … And if you believe Independence Gold should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … Independence Gold’s future growth appears to have been factored into the current share price, with shares trading around its fair value.
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising 14 mineral claims covering approximately 4,934 hectares located in the Nechako Plateau region of central British Columbia. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district; the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district; the Henderson property with 742 quartz mining claims covering an area of approximately 15,500 hectares located in the Dawson mining district; the Stinger property covering 4,384 hectares located west of Dawson City; and the Wolf Creek property covering 373 hectares situated southwest of Dawson City of the Yukon territory. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.
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.