TSXV:SGA

Stock Analysis Report

Executive Summary

Samco Gold Limited does not have significant operations.

Risk Analysis

Does not have a meaningful market cap (CA$4M)

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

Has less than 1 year of cash runway

Shareholders have been diluted in the past year



Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Samco Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SGA

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

n/a

SGA

4.4%

CA Metals and Mining

5.8%

CA Market

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

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


Shareholder returns

SGAIndustryMarket
7 Day0%2.4%0.6%
30 Day0%1.2%0.5%
90 Day0%6.6%3.6%
1 Yearn/a5.0%4.4%9.1%5.8%
3 Year42.9%42.9%-10.4%-11.9%15.4%5.0%
5 Year-75.0%-75.0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Samco Gold undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Samco Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Samco Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SGA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Samco Gold regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.6%

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 Samco Gold 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 Samco Gold performed over the past 5 years?

21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SGA is currently unprofitable.

Growing Profit Margin: SGA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SGA is unprofitable, but has reduced losses over the past 5 years at a rate of 21.4% per year.

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

Earnings vs Industry: SGA 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: SGA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Samco Gold's financial position?


Financial Position Analysis

Short Term Liabilities: SGA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SGA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SGA is debt free.

Reducing Debt: SGA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

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

Forecast Cash Runway: Insufficient data to determine if SGA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Samco Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

7.8yrs

Average board tenure


CEO

Charles Koppel (52yo)

6.2yrs

Tenure

US$205,954

Compensation

Mr. Charles Richard Koppel has been the Chief Executive Officer of Samco Gold Limited since August 13, 2013. Mr. Koppel has been an Executive Chairman and Executive Director of Samco Gold Limited since Apr ...


CEO Compensation Analysis

Compensation vs Market: Charles's total compensation ($USD205.95K) is about average for companies of similar size in the Canadian market ($USD165.67K).

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


Board Members

NamePositionTenureCompensationOwnership
Charles Koppel
Executive Chairman & CEO6.2yrsUS$205.95k46.94% $1.9m
John Walter Hick
Independent Director5.8yrsUS$2.43kno data
Kevin Tomlinson
Independent Director7.8yrsUS$2.43k0.024% $1.0k
Michel Marier
Director7.8yrsno datano data

7.8yrs

Average Tenure

59yo

Average Age

Experienced Board: SGA's board of directors are considered experienced (7.8 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 been diluted in the past year, with total shares outstanding growing by 35.1%.


Top Shareholders

Company Information

Samco Gold Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Samco Gold Limited
  • Ticker: SGA
  • Exchange: TSXV
  • Founded: 2009
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$4.133m
  • Shares outstanding: 82.66m
  • Website: https://www.samcogold.com

Location

  • Samco Gold Limited
  • 3 Hanover Square
  • 4th Floor
  • London
  • Greater London
  • W1S 1HD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGATSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2011
SGCL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2011

Biography

Samco Gold Limited does not have significant operations. The company focuses on the identification and evaluation of opportunities to acquire interests in other assets or businesses. Previously, it was engaged in the acquisition, exploration, and development of precious metals properties in Argentina. The company was formerly known as Samco (Argentina) Limited and changed its name to Samco Gold Limited in March 2011. Samco Gold Limited was incorporated in 2009 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:20
End of Day Share Price2019/07/24 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.