TSXV:RRI

Stock Analysis Report

Riverside Resources

Executive Summary

Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in Canada, the United States, and Mexico.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Riverside Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

35.7%

RRI

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

18.8%

RRI

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: RRI exceeded the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: RRI exceeded the Canadian Market which returned 4.6% over the past year.


Shareholder returns

RRIIndustryMarket
7 Day35.7%4.7%0.2%
30 Day22.6%5.2%0.5%
90 Day46.2%13.4%4.0%
1 Year18.8%18.8%5.5%4.8%7.9%4.6%
3 Year-65.5%-65.5%-2.8%-4.4%17.8%7.2%
5 Year-34.5%-34.5%25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Riverside Resources undervalued compared to its fair value and its price relative to the market?

1.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RRI is good value based on its PB Ratio (1.2x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

14.1%

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 Riverside Resources 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 Riverside Resources performed over the past 5 years?

28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RRI is currently unprofitable.

Growing Profit Margin: RRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RRI is unprofitable, but has reduced losses over the past 5 years at a rate of 28.4% per year.

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

Earnings vs Industry: RRI 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: RRI has a negative Return on Equity (-13.03%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Riverside Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RRI's short term assets (CA$5.7M) exceed its short term liabilities (CA$2.3M).

Long Term Liabilities: RRI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RRI is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if RRI'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: RRI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RRI has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of -13.6% each year.


Next Steps

Dividend

What is Riverside Resources'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 RRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

11.9yrs

Average management tenure


CEO

John-Mark Staude (54yo)

12.6yrs

Tenure

CA$224,970

Compensation

Dr. John-Mark Gardner Staude, P. Geo., M.Sc., Ph.D. has been the Chief Executive Officer of Riverside Resources Inc., since July 2007 and as its President since January 18, 2007. Dr. Staude serves as the P ...


CEO Compensation Analysis

Compensation vs Market: John-Mark's total compensation ($USD170.26K) is about average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: John-Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John-Mark Staude
President12.6yrsCA$224.97k3.1% CA$372.1k
Robert Scott
Chief Financial Officer12.9yrsCA$170.00k1.31% CA$157.6k
Ben Connor
Chief Operations & Data Strategist1.1yrsno datano data
Alberto Orozco
Vice President of Corporate Development0.8yrsno datano data
Jeffrey Dare
Corporate Secretary11.9yrsno data0.00079% CA$94.9

11.9yrs

Average Tenure

Experienced Management: RRI's management team is seasoned and experienced (11.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John-Mark Staude
President12.6yrsCA$224.97k3.1% CA$372.1k
Brian Groves
Independent Director12.3yrsCA$12.00kno data
Locke Goldsmith
Member of Advisory Board2.8yrsno datano data
Walter Henry
Independent Director3.7yrsCA$12.00kno data
Ronald Burk
Member of Advisory Committee2.1yrsCA$99.16kno data
James Clare
Independent Director11.7yrsCA$12.00k0.037% CA$4.5k
Carol Ellis
Independent Director3.7yrsCA$12.00k0.36% CA$42.7k
Joness Lang
Member of Advisory Board2.1yrsno datano data

3.7yrs

Average Tenure

57yo

Average Age

Experienced Board: RRI's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RRI 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 22.2%.


Top Shareholders

Company Information

Riverside Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Riverside Resources Inc.
  • Ticker: RRI
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$12.016m
  • Shares outstanding: 63.24m
  • Website: https://www.rivres.com

Location

  • Riverside Resources Inc.
  • 550 – 800 West Pender Street
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RRITSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2007
R99DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2007
RVSD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2007

Biography

Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in Canada, the United States, and Mexico. The company primarily explores for gold, silver, and copper deposits. It holds interest in the Peñoles, Tajitos, La Silla, Ariel, Cecilia, Teco, Australia, Suaqui Verde, Palo Fierro, Los Cuarentas, and La Union projects located in Mexico. The company also holds interest in the Oakes, Longrose, Pichette, and Vincent projects in Canada. Riverside Resources Inc. was founded in 2006 and is headquartered 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 01:27
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.