TSXV:PGE

Stock Analysis Report

Executive Summary

Group Ten Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Group Ten Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.1%

PGE

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

20.9%

PGE

5.2%

CA Metals and Mining

4.7%

CA Market

Return vs Industry: PGE exceeded the Canadian Metals and Mining industry which returned 5.2% over the past year.

Return vs Market: PGE exceeded the Canadian Market which returned 4.7% over the past year.


Shareholder returns

PGEIndustryMarket
7 Day6.1%4.7%0.1%
30 Day-13.3%4.2%0.8%
90 Day57.6%15.2%3.7%
1 Year20.9%20.9%5.8%5.2%7.9%4.7%
3 Year92.6%92.6%-2.4%-4.0%17.9%7.3%
5 Year6.1%6.1%25.6%22.0%33.8%14.4%

Price Volatility Vs. Market

How volatile is Group Ten Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Group Ten Metals undervalued compared to its fair value and its price relative to the market?

10.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PGE is overvalued based on its PB Ratio (10.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Group Ten Metals 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 Group Ten Metals 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 Group Ten Metals performed over the past 5 years?

-50.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGE is currently unprofitable.

Growing Profit Margin: PGE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PGE is unprofitable, and losses have increased over the past 5 years at a rate of -50.5% per year.

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

Earnings vs Industry: PGE 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: PGE has a negative Return on Equity (-133.05%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Group Ten Metals's financial position?


Financial Position Analysis

Short Term Liabilities: PGE's short term assets (CA$672.8K) exceed its short term liabilities (CA$238.7K).

Long Term Liabilities: PGE's short term assets (CA$672.8K) do not cover its long term liabilities (CA$682.1K).


Debt to Equity History and Analysis

Debt Level: PGE's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PGE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: PGE's debt is not covered by short term assets (assets are 1x debt).


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: PGE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PGE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -55.1% each year


Next Steps

Dividend

What is Group Ten Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.4yrs

Average management tenure


CEO

Mike Rowley (52yo)

CA$164,255

Compensation

Mr. Michael Victor Rowley, also known as Mike, BSc, RPBio, has been the Chief Executive Officer and President of Group Ten Metals Inc since July 1, 2010. Mr. Rowley serves as Director of Granite Creek Copp ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD124.31K) is about average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Johnson
Executive Chairman2.3yrsCA$52.50k2.38% CA$629.2k
Michael Rowley
President0yrsCA$164.26k2.64% CA$697.6k
Tim Thiessen
Chief Financial Officer0.9yrsCA$17.06k0.23% CA$61.8k
Chris Ackerman
Senior Manager of Corporate Communications2.8yrsno datano data
Alicia Milne
Corporate Secretary1.4yrsno data0.0098% CA$2.6k

1.4yrs

Average Tenure

Experienced Management: PGE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gregory Johnson
Executive Chairman2.3yrsCA$52.50k2.38% CA$629.2k
Michael Rowley
President0yrsCA$164.26k2.64% CA$697.6k
Brian Cloney
Member of Advisory Board2.8yrsno datano data
Garth Kirkham
Member of Advisory Board0.3yrsno datano data
Douglas Warkentin
Member of Advisory Board2.8yrsno datano data
Gregor Hamilton
Non-Executive Director2.3yrsCA$40.00k2.52% CA$667.0k
David Broughton
Member of Advisory Board0.3yrsno datano data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: PGE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.6%.


Top Shareholders

Company Information

Group Ten Metals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Group Ten Metals Inc.
  • Ticker: PGE
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$26.447m
  • Shares outstanding: 101.72m
  • Website: https://www.grouptenmetals.com

Location

  • Group Ten Metals Inc.
  • 409 Granville Street
  • Suite 904
  • Vancouver
  • British Columbia
  • V6C 1T2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A2AN4BDB (Deutsche Boerse AG)COM NPV(POST REV SPLIT)DEEURNo data
5D32DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2007
PGETSXV (TSX Venture Exchange)YesCommon SharesCACADSep 2007
PGEZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2007

Biography

Group Ten Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for gold, platinum, palladium, nickel, copper, cobalt, and other commodities. The company holds interest in the Yukon properties, Canada, which covers catalyst/CKR, spy, ultra claims, ellen, and outpost, and pacer claims approximately covering an area of 255 square kilometers; the Duke Island property, which comprises 31 unpatented claims located south of Ketchikan in the Alexander Platinum Belt of southeast Alaska; and the Black Lake-Drayton project in Ontario, which covers an area of approximately 13,733 contiguous hectares. The company was formerly known as Duncastle Gold Corp. and changed its name to Group Ten Metals Inc. in February 2015. Group Ten Metals Inc. was incorporated in 2006 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 01:38
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.