Probe Metals (TSXV:PRB) - Share price, News & Analysis

PRB fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

PRB Stock Overview

Probe Metals Inc., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

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

Shareholders have been diluted in the past year

Probe Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Probe Metals
Historical stock prices
Current Share Price	CA$1.61
52 Week High	CA$2.33
52 Week Low	CA$1.56
Beta	1.44
1 Month Change	-10.56%
3 Month Change	-18.69%
1 Year Change	-5.29%
3 Year Change	24.81%
5 Year Change	20.15%
Change since IPO	278.82%

Shareholder Returns

	PRB	CA Metals and Mining	CA Market
7D	-0.6%	-4.9%	0.3%
1Y	-5.3%	-12.7%	-4.0%

Return vs Industry: PRB exceeded the Canadian Metals and Mining industry which returned -12.6% over the past year.

Return vs Market: PRB underperformed the Canadian Market which returned -4.1% over the past year.

Price Volatility

Is PRB's price volatile compared to industry and market?
PRB volatility
PRB Average Weekly Movement	6.5%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	10.0%
10% most volatile stocks in CA Market	17.3%
10% least volatile stocks in CA Market	4.4%

Stable Share Price: PRB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PRB's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	n/a	David Alexander Palmer	https://www.probemetals.com

Probe Metals Inc., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company’s principal project is the Val-d’Or East project comprising 1,000 claims covering an area of 43,638 hectares located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims located in north of Rouyn-Noranda, Quebec; and Casa-Cameron project comprising 308 claims covering an area of approximately 169 square kilometers.

Probe Metals Fundamentals Summary

How do Probe Metals's earnings and revenue compare to its market cap?
PRB fundamental statistics
Market Cap	CA$243.76m
Earnings (TTM)	-CA$19.92m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-12.2x

P/E Ratio

Is PRB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRB income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$19.92m
Earnings	-CA$19.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.13
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did PRB perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is PRB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRB?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PRB. This is calculated by dividing PRB's market cap by their current preferred multiple.
What is PRB's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CA$243.76m

PRB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	-8.5x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does PRB's PB Ratio compare to its peers?

PRB PB Ratio vs Peers

The above table shows the PB ratio for PRB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	1.5x

Price-To-Book vs Peers: PRB is expensive based on its Price-To-Book Ratio (6.1x) compared to the peer average (1.5x).

Price to Earnings Ratio vs Industry

How does PRB's PE Ratio compare vs other companies in the Canadian Metals and Mining Industry?

Price-To-Book vs Industry: PRB is expensive based on its Price-To-Book Ratio (6.1x) compared to the Canadian Metals and Mining industry average (1.7x)

Price to Book Ratio vs Fair Ratio

What is PRB's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	6.1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PRB's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of PRB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PRB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PRB's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRB's PEG Ratio to determine if it is good value.

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Future Growth

How is Probe Metals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

1.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if PRB's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: PRB is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PRB's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Probe Metals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

13.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRB is currently unprofitable.

Growing Profit Margin: PRB is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PRB is unprofitable, but has reduced losses over the past 5 years at a rate of 13.6% per year.

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

Earnings vs Industry: PRB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.8%).

Return on Equity

High ROE: PRB has a negative Return on Equity (-50.23%), as it is currently unprofitable.

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Financial Health

How is Probe Metals's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRB's short term assets (CA$47.1M) exceed its short term liabilities (CA$6.8M).

Long Term Liabilities: PRB's short term assets (CA$47.1M) exceed its long term liabilities (CA$1.9M).

Debt to Equity History and Analysis

Debt Level: PRB is debt free.

Reducing Debt: PRB had no debt 5 years ago.

Balance Sheet

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: PRB has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PRB has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 9.8% each year.

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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate PRB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRB's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRB has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure

CEO

David Alexander Palmer (53 yo)

no data

Tenure

CA$717,000

Compensation

Dr. David Alexander Stephen Palmer, B.Sc., M.Sc., Ph D., P.Geo., has been President of Probe Metals Inc. since November 2003 and serves as its Chief Executive Officer. Dr. Palmer served as Chief Executive...

CEO Compensation Analysis

Compensation vs Market: David Alexander's total compensation ($USD555.08K) is about average for companies of similar size in the Canadian market ($USD751.41K).

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

Leadership Team

Experienced Management: PRB's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Experienced Board: PRB's board of directors are considered experienced (7.3 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.3%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31