TSXV:IVC

Stock Analysis Report

Interconnect Ventures

Executive Summary

Interconnect Ventures Corporation acquires and explores for resource properties.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Interconnect Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IVC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

IVC

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

n/a

IVC

5.2%

CA Metals and Mining

4.7%

CA Market

Return vs Industry: Insufficient data to determine how IVC performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how IVC performed against the Canadian Market.


Shareholder returns

IVCIndustryMarket
7 Day0%4.7%0.1%
30 Day0%4.2%0.8%
90 Dayn/a15.2%3.7%
1 Yearn/a5.8%5.2%7.9%4.7%
3 Yearn/a-2.4%-4.0%17.9%7.3%
5 Year-57.1%-57.1%25.6%22.0%33.8%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Interconnect Ventures undervalued compared to its fair value and its price relative to the market?

1.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IVC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IVC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IVC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: IVC 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 IVC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IVC is good value based on its PB Ratio (1.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Interconnect Ventures forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

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 Interconnect Ventures 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 Interconnect Ventures performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVC is currently unprofitable.

Growing Profit Margin: IVC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IVC is unprofitable, but has reduced losses over the past 5 years at a rate of 27.7% per year.

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

Earnings vs Industry: IVC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: IVC has a negative Return on Equity (-28.59%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Interconnect Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: IVC's short term assets (CA$494.9K) exceed its short term liabilities (CA$29.8K).

Long Term Liabilities: IVC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IVC is debt free.

Reducing Debt: IVC has not had any debt for past 5 years.


Balance Sheet

Inventory Level: IVC has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IVC's debt is 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: IVC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IVC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 18% each year


Next Steps

Dividend

What is Interconnect Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate IVC'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 IVC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IVC'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 IVC'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?

6.1yrs

Average board tenure


CEO

Eyad Abdul Razzak Saleh Abdul Wahab Al Saleh (58yo)

7.1yrs

Tenure

0

Dr. Eyad Abdul Razzak Saleh Abdul Wahab Sale Al Saleh has been the Chairman and Chief Executive Officer of Interconnect Ventures Corporation since May 3, 2013. Dr. Al Saleh serves as the President and Chi ...


Board Members

NamePositionTenureCompensationOwnership
Eyad Abdul Razzak Saleh Abdul Wahab Al Saleh
Chairman & CEO7.1yrsno data9.23% CA$53.8k
Ibrahim Al Subaiei
Independent Director6.8yrsno datano data
Mohammad AbdulRazzak Al Saleh
Independent Director5.5yrsno data5.15% CA$30.0k
AbdulRahman AbdulRazzak Al Saleh
Independent Director5.5yrsno data5.15% CA$30.0k

6.1yrs

Average Tenure

Experienced Board: IVC's board of directors are considered experienced (6.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Interconnect Ventures Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Interconnect Ventures Corporation
  • Ticker: IVC
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$582.714k
  • Shares outstanding: 9.71m
  • Website: https://null

Location

  • Interconnect Ventures Corporation
  • 400 Burrard Street
  • Suite 1780
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IVCTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2012

Biography

Interconnect Ventures Corporation acquires and explores for resource properties. It holds an option to acquire a 100% interest in the SC property comprising one mineral claim totaling 166.42 hectares located in the Nicola Mining Division of British Columbia, Canada. The company was incorporated in 2011 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:57
End of Day Share Price2020/02/05 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.