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SGI

Superior Gold TSXV:SGI Stock Report

Last Price

CA$0.65

Market Cap

CA$80.1m

7D

-1.5%

1Y

1.6%

Updated

08 Aug, 2022

Data

Company Financials +
SGI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance5/6
Financial Health5/6
Dividends0/6

SGI Stock Overview

Superior Gold Inc. engages in the acquisition, exploration, development, and operation of gold resource properties.

Superior Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Superior Gold
Historical stock prices
Current Share PriceCA$0.65
52 Week HighCA$1.20
52 Week LowCA$0.45
Beta1.45
1 Month Change-13.33%
3 Month Change-21.69%
1 Year Change1.56%
3 Year Change-41.44%
5 Year Change-36.89%
Change since IPO-38.10%

Recent News & Updates

Shareholder Returns

SGICA Metals and MiningCA Market
7D-1.5%2.8%-0.4%
1Y1.6%-14.5%-1.2%

Return vs Industry: SGI exceeded the Canadian Metals and Mining industry which returned -18.3% over the past year.

Return vs Market: SGI exceeded the Canadian Market which returned -2% over the past year.

Price Volatility

Is SGI's price volatile compared to industry and market?
SGI volatility
SGI Average Weekly Movement8.2%
Metals and Mining Industry Average Movement11.9%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: SGI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SGI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aChris Jordaanhttps://www.superior-gold.com

Superior Gold Inc. engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold mine covering an area of 759 square kilometers (km²) located to the northeast of Perth, Western Australia; and holds a 80% interest in the Hermes open pit project that covers an area of approximately 217 km² located to the southwest of the Plutonic gold mine. The company was formerly known as 2525908 Ontario Inc. and changed its name to Superior Gold Inc. in December 2016.

Superior Gold Fundamentals Summary

How do Superior Gold's earnings and revenue compare to its market cap?
SGI fundamental statistics
Market CapUS$62.38m
Earnings (TTM)US$7.83m
Revenue (TTM)US$136.68m

8.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGI income statement (TTM)
RevenueUS$136.68m
Cost of RevenueUS$113.96m
Gross ProfitUS$22.72m
Other ExpensesUS$14.88m
EarningsUS$7.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)0.064
Gross Margin16.62%
Net Profit Margin5.73%
Debt/Equity Ratio1.5%

How did SGI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SGI 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/Revenue0.4x
Enterprise Value/EBITDA3x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

How does SGI's PE Ratio compare to its peers?

SGI PE Ratio vs Peers
The above table shows the PE ratio for SGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.4x
FURY Fury Gold Mines
2.5x-122.1%CA$85.1m
RYR Royal Road Minerals
3.4xn/aCA$54.5m
CERT Cerrado Gold
33.6xn/aCA$117.5m
GRC Gold Springs Resource
26.3xn/aCA$44.9m
SGI Superior Gold
8x60.0%CA$80.1m

Price-To-Earnings vs Peers: SGI is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (16.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SGI is good value based on its Price-To-Earnings Ratio (8x) compared to the Canadian Metals and Mining industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

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

SGI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: SGI is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).


Share Price vs Fair Value

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

Below Fair Value: SGI (CA$0.65) is trading below our estimate of fair value (CA$29.14)

Significantly Below Fair Value: SGI is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Superior Gold forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


60.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGI's forecast earnings growth (60% per year) is above the savings rate (1.6%).

Earnings vs Market: SGI's earnings (60% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: SGI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SGI's revenue (10.1% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: SGI's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SGI's Return on Equity is forecast to be very high in 3 years time (52.3%).


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Past Performance

How has Superior Gold performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


43.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SGI has high quality earnings.

Growing Profit Margin: SGI's current net profit margins (5.7%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: SGI has become profitable over the past 5 years, growing earnings by 43.8% per year.

Accelerating Growth: SGI's earnings growth over the past year (202.5%) exceeds its 5-year average (43.8% per year).

Earnings vs Industry: SGI earnings growth over the past year (202.5%) exceeded the Metals and Mining industry -16.2%.


Return on Equity

High ROE: SGI's Return on Equity (16.1%) is considered low.


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Financial Health

How is Superior Gold's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SGI's short term assets ($35.8M) exceed its short term liabilities ($24.6M).

Long Term Liabilities: SGI's short term assets ($35.8M) do not cover its long term liabilities ($36.8M).


Debt to Equity History and Analysis

Debt Level: SGI has more cash than its total debt.

Reducing Debt: SGI's debt to equity ratio has reduced from 2.3% to 1.5% over the past 5 years.

Debt Coverage: SGI's debt is well covered by operating cash flow (2432.4%).

Interest Coverage: SGI's interest payments on its debt are well covered by EBIT (15.2x coverage).


Balance Sheet


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Dividend

What is Superior Gold 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SGI'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 SGI has not reported any payouts.


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Management

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

1.7yrs

Average management tenure


CEO

Chris Jordaan (52 yo)

1.08yrs

Tenure

US$384,368

Compensation

Mr. Christiaan Cornelius Jordaan, also known as Chris, has been President, Chief Executive Officer and Director of Superior Gold Inc. since July 1, 2021. He served as Chief Executive Officer of Internation...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD384.37K) is above average for companies of similar size in the Canadian market ($USD185.39K).

Compensation vs Earnings: Insufficient data to compare Chris's compensation with company performance.


Leadership Team

Experienced Management: SGI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SGI's board of directors are not considered experienced ( 1.6 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: SGI 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

Superior Gold Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Superior Gold Inc.
  • Ticker: SGI
  • Exchange: TSXV
  • Founded: 2016
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$80.103m
  • Shares outstanding: 123.24m
  • Website: https://www.superior-gold.com

Location

  • Superior Gold Inc.
  • 70 University Avenue
  • Suite 1410
  • Toronto
  • Ontario
  • M5J 2M4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.