TSXV:POC

Stock Analysis Report

Executive Summary

Pacific Iron Ore Corporation engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia and Ontario.

Risk Analysis

Has less than 1 year of cash runway

Shares are highly illiquid

Does not have a meaningful market cap (CA$337K)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Pacific Iron Ore's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

POC

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-50.0%

POC

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: POC underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: POC underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

POCIndustryMarket
7 Day0%4.6%0.2%
30 Day-28.6%3.7%0.4%
90 Day-33.3%10.7%3.7%
1 Year-50.0%-50.0%5.1%4.5%8.2%4.9%
3 Year-80.0%-80.0%-5.4%-7.0%15.9%5.5%
5 Year-83.3%-83.3%26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

How volatile is Pacific Iron Ore's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pacific Iron Ore undervalued compared to its fair value and its price relative to the market?

0.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: POC is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Pacific Iron Ore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.8%

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 Pacific Iron Ore 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 Pacific Iron Ore performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: POC is currently unprofitable.

Growing Profit Margin: POC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: POC is unprofitable, but has reduced losses over the past 5 years at a rate of 10.1% per year.

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

Earnings vs Industry: POC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: POC has a negative Return on Equity (-558.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pacific Iron Ore's financial position?


Financial Position Analysis

Short Term Liabilities: POC's short term assets (CA$329.8K) exceed its short term liabilities (CA$33.8K).

Long Term Liabilities: POC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: POC is debt free.

Reducing Debt: POC had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if POC'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: POC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: POC has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.8% each year.


Next Steps

Dividend

What is Pacific Iron Ore's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

1.9yrs

Average board tenure


CEO

Dick Bonnycastle (84yo)

5.9yrs

Tenure

0

Mr. Richard A.N. Bonnycastle, also known as Dick, serves as the Chairman and Chief Executive Officer of Pacific Iron Ore Corp. He has had a distinguished business career spanning more than half a century,  ...


Board Members

NamePositionTenureCompensationOwnership
Richard A. Bonnycastle
Chairman5.9yrsno data2.91% CA$9.8k
Alexander Harvey
Director5.9yrsno datano data
Peter VanderPlaat
Director1.9yrsno datano data
Binyomin Posen
Director0.3yrsno datano data

1.9yrs

Average Tenure

Experienced Board: POC's board of directors are not considered experienced ( 1.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pacific Iron Ore Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Iron Ore Corporation
  • Ticker: POC
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$336.892k
  • Shares outstanding: 6.74m
  • Website: https://www.pacificironorecorp.com

Location

  • Pacific Iron Ore Corporation
  • 500 - 4th Avenue SW
  • Suite 300
  • Calgary
  • Alberta
  • T2P 2V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POCTSXV (TSX Venture Exchange)YesClass A Voting Common SharesCACADJul 2008

Biography

Pacific Iron Ore Corporation engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia and Ontario. It holds 100% interests in the Port Renfrew block with 23 mineral claims covering approximately 14,920 hectares located on the Vancouver Island, British Columbia; and the St Anthony’s project with five properties consisting of approximately 347 mineral claims and leases covering 6,384 hectares located in Ontario. The company is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:03
End of Day Share Price2019/10/08 00:00
Earnings2019/06/30
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.