Executive Summary
Sokoman Minerals Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties in North America.
Risk Analysis
Earnings have declined by -68.47% per year over past 5 years
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Sokoman Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SIC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.0%
SIC
-6.0%
CA Metals and Mining
-6.2%
CA Market
1 Year Return
-25.0%
SIC
2.2%
CA Metals and Mining
-2.0%
CA Market
Return vs Industry: SIC underperformed the Canadian Metals and Mining industry which returned 2.2% over the past year.
Return vs Market: SIC underperformed the Canadian Market which returned -2% over the past year.
Shareholder returns
| SIC | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.0% | -6.0% | -6.2% |
| 30 Day | 0% | -1.0% | -5.0% |
| 90 Day | 20.0% | 4.9% | -2.8% |
| 1 Year | -25.0%-25.0% | 2.9%2.2% | 1.1%-2.0% |
| 3 Year | 20.0%20.0% | -2.8%-4.5% | 10.7%0.6% |
| 5 Year | 800.0%800.0% | 25.0%21.4% | 27.6%8.9% |
Price Volatility Vs. Market
How volatile is Sokoman Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Here's Why Sokoman Minerals (CVE:SIC) Must Use Its Cash Wisely4 months ago | Simply Wall St
Need To Know: Sokoman Minerals Corp. (CVE:SIC) Insiders Have Been Buying Shares5 months ago | Simply Wall St
One Thing To Remember About The Sokoman Minerals Corp. (CVE:SIC) Share PriceValuation
Is Sokoman Minerals undervalued compared to its fair value and its price relative to the market?
2.88x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SIC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SIC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SIC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: SIC 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 SIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SIC is overvalued based on its PB Ratio (2.9x) compared to the CA Metals and Mining industry average (1.5x).
Next Steps
Future Growth
How is Sokoman Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.0%
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 Sokoman Minerals 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
- Examine Sokoman Minerals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Sokoman Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Sokoman Minerals performed over the past 5 years?
-68.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SIC is currently unprofitable.
Growing Profit Margin: SIC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SIC is unprofitable, and losses have increased over the past 5 years at a rate of -68.5% per year.
Accelerating Growth: Unable to compare SIC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SIC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).
Return on Equity
High ROE: SIC has a negative Return on Equity (-111.12%), as it is currently unprofitable.
Next Steps
Financial Health
How is Sokoman Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: SIC's short term assets (CA$2.4M) exceed its short term liabilities (CA$127.8K).
Long Term Liabilities: SIC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SIC is debt free.
Reducing Debt: SIC has not had any debt for past 5 years.
Balance Sheet
Inventory Level: SIC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SIC'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: SIC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SIC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Sokoman Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SIC'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 SIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SIC'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 SIC'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?
2.9yrs
Average board tenure
CEO
Tim Froude (58yo)
5.8yrs
Tenure
CA$43,804
Compensation
Mr. Timothy D. L. Froude, also known as Tim, P. Geo. serves as Chief Executive Officer, President and Director at Sokoman Minerals Corp. (formerly Sokoman Iron Corp.) Mr. Froude served as the Interim Chief ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD157.16K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.8yrs | CA$43.80k | 0.76% CA$74.1k | |
| VP Corporate Development | 2.9yrs | no data | 0.49% CA$48.2k | |
| Director | 1.6yrs | no data | 0.0046% CA$450.4 | |
| Director | 2.9yrs | no data | no data | |
| Director | 1.1yrs | no data | 0.046% CA$4.5k |
2.9yrs
Average Tenure
Experienced Board: SIC's board of directors are not considered experienced ( 2.9 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 been substantially diluted in the past year, with total shares outstanding growing by 57.6%.
Top Shareholders
Company Information
Sokoman Minerals Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sokoman Minerals Corp.
- Ticker: SIC
- Exchange: TSXV
- Founded:
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$9.791m
- Shares outstanding: 108.79m
- Website: https://www.sokomanmineralscorp.com
Location
- Sokoman Minerals Corp.
- The Canadian Venture Building
- 82 Richmond Street East
- Toronto
- Ontario
- M5C 1P1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SIC | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Aug 2008 |
| 3PJ1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2008 |
| SICN.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Aug 2008 |
| 3PJ1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2008 |
Biography
Sokoman Minerals Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties in North America. It explores for iron ore and antimony/gold deposits. Its flagship property is the Moosehead Gold Property located in Central Newfoundland. The company was formerly known as Sokoman Iron Corp. and changed its name to Sokoman Minerals Corp. in February 2019. Sokoman Minerals Corp. is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/28 01:07 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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.