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Sokoman Minerals

TSXV:SIC
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIC
TSXV
CA$15M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Sokoman Minerals Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties in North America. The last earnings update was 25 days ago. More info.


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  • Sokoman Minerals has significant price volatility in the past 3 months.
SIC Share Price and Events
7 Day Returns
26.1%
TSXV:SIC
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
222.2%
TSXV:SIC
-3.9%
CA Metals and Mining
2.6%
CA Market
SIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sokoman Minerals (SIC) 26.1% 16% 11.5% 222.2% 2800% 383.3%
CA Metals and Mining 1.7% -0.5% 14.3% -3.9% 15% -18.9%
CA Market -0% 0.4% 15% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • SIC outperformed the Metals and Mining industry which returned -3.9% over the past year.
  • SIC outperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
SIC
Industry
5yr Volatility vs Market

SIC Value

 Is Sokoman Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sokoman Minerals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.145.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sokoman Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sokoman Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:SIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.03
TSXV:SIC Share Price ** TSXV (2019-03-22) in CAD CA$0.15
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 551 Publicly-Listed Companies 14.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sokoman Minerals.

TSXV:SIC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:SIC Share Price ÷ EPS (both in CAD)

= 0.15 ÷ -0.03

-4.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sokoman Minerals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Sokoman Minerals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Sokoman Minerals's expected growth come at a high price?
Raw Data
TSXV:SIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sokoman Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sokoman Minerals's assets?
Raw Data
TSXV:SIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.05
TSXV:SIC Share Price * TSXV (2019-03-22) in CAD CA$0.15
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1.57x
TSXV:SIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:SIC Share Price ÷ Book Value per Share (both in CAD)

= 0.15 ÷ 0.05

2.93x

* Primary Listing of Sokoman Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sokoman Minerals is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Sokoman Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Sokoman Minerals has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SIC Future Performance

 How is Sokoman Minerals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sokoman Minerals expected to grow at an attractive rate?
  • Unable to compare Sokoman Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sokoman Minerals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Sokoman Minerals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:SIC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:SIC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:SIC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -2
2018-09-30 -1 -1
2018-06-30 0 -1
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0 0
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sokoman Minerals is high growth as no earnings estimate data is available.
  • Unable to determine if Sokoman Minerals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:SIC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sokoman Minerals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SIC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.02
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sokoman Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Sokoman Minerals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Sokoman Minerals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sokoman Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sokoman Minerals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SIC Past Performance

  How has Sokoman Minerals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sokoman Minerals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sokoman Minerals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sokoman Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sokoman Minerals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Sokoman Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sokoman Minerals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SIC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -2.22 2.14
2018-09-30 -1.07 0.99
2018-06-30 -0.52 0.45
2018-03-31 -0.45 0.43
2017-12-31 -0.50 0.48
2017-09-30 -0.41 0.39
2017-06-30 -0.37 0.35
2017-03-31 -0.03 -0.27 0.13
2016-12-31 -0.20 0.08
2016-09-30 -0.20 0.09
2016-06-30 -0.17 0.06
2016-03-31 0.03 -0.07 0.10
2015-12-31 -0.12 0.12
2015-09-30 -0.11 0.11
2015-06-30 -0.12 0.12
2015-03-31 -0.12 0.12
2014-12-31 -0.21 0.21
2014-09-30 -0.34 0.35
2014-06-30 -0.45 0.45
2014-03-31 -0.96 0.79
2013-12-31 -1.09 0.94
2013-09-30 -1.69 1.27
2013-06-30 -2.12 1.74
2013-03-31 -2.04 1.82
2012-12-31 -1.99 1.74
2012-09-30 -2.10 2.12
2012-06-30 -2.23 2.25
2012-03-31 -2.35 2.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sokoman Minerals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sokoman Minerals has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sokoman Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sokoman Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sokoman Minerals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SIC Health

 How is Sokoman Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sokoman Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sokoman Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sokoman Minerals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sokoman Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Sokoman Minerals has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sokoman Minerals Company Filings, last reported 2 months ago.

TSXV:SIC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.95 0.00 3.73
2018-09-30 4.92 0.00 3.60
2018-06-30 1.36 0.00 0.56
2018-03-31 1.50 0.00 0.61
2017-12-31 1.25 0.00 0.66
2017-09-30 0.53 0.00 0.11
2017-06-30 0.60 0.00 0.20
2017-03-31 0.67 0.00 0.26
2016-12-31 0.36 0.00 0.05
2016-09-30 0.33 0.00 0.05
2016-06-30 0.28 0.00 0.01
2016-03-31 0.41 0.00 0.02
2015-12-31 0.40 0.00 0.00
2015-09-30 0.43 0.00 0.04
2015-06-30 0.45 0.00 0.04
2015-03-31 0.54 0.00 0.05
2014-12-31 0.57 0.00 0.06
2014-09-30 0.45 0.00 0.03
2014-06-30 0.49 0.00 0.06
2014-03-31 0.51 0.00 0.08
2013-12-31 0.64 0.00 0.16
2013-09-30 0.76 0.00 0.29
2013-06-30 0.72 0.00 0.40
2013-03-31 1.26 0.00 0.60
2012-12-31 1.41 0.00 0.70
2012-09-30 1.17 0.00 0.41
2012-06-30 0.85 0.00 0.23
2012-03-31 1.29 0.00 0.49
  • Sokoman Minerals has no debt.
  • Sokoman Minerals has not taken on any debt in the past 5 years.
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.

  • Sokoman Minerals has sufficient cash runway for 1.9 years based on current free cash flow.
  • Sokoman Minerals has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 105.8% each year.
X
Financial health checks
We assess Sokoman Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sokoman Minerals has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SIC Dividends

 What is Sokoman Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sokoman Minerals dividends.
If you bought CA$2,000 of Sokoman Minerals shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sokoman Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sokoman Minerals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:SIC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sokoman Minerals has not reported any payouts.
  • Unable to verify if Sokoman Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sokoman Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sokoman Minerals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sokoman Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sokoman Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sokoman Minerals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SIC Management

 What is the CEO of Sokoman Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Froude
COMPENSATION CA$43,804
AGE 57
TENURE AS CEO 4.8 years
CEO Bio

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 Executive Officer and Interim President of Sokoman Minerals Corp. and has been its Vice President of Exploration since 2007. Mr. Froude served as Chief Geologist of Crosshair Exploration & Mining Corp. since March 8, 2004 and also as its Senior Vice President of Exploration from March 2005 to August 15, 2007. He served as General Manager of Newfoundland Projects since March 8, 2004. Mr. Froude has an extensive background in Newfoundland geology and mineral deposits. He served as Vice President of Exploration and Senior Vice President of Exploration of Cornerstone Capital Resources Inc. He was instrumental in building an extensive property portfolio at Cornerstone Resources and whose previous exploration successes include the discovery of the Valentine Lake gold prospect for BP Resources and his involvement in the discovery of the Bobby's Pond VMS deposit for Inco. He has been a Director at Sokoman Minerals Corp. since January 25, 2011. Mr. Froude serves as a Director of the Newfoundland and Labrador Chamber of Mineral Resources. He has been Director of Golden Dory Resources Corp. since January 25, 2011. He served as a Member of Advisory Board of Belmont Resources Inc. since October 25, 2007. Mr. Froude also is an associate fellow of the Geological Association of Canada (GAC), a member of the Association of Professional Engineers and Geoscientists of Newfoundland (APEGN) and a member of the Society of Economic Geologists. He holds Bachelor of Science in Geology from Memorial University of Newfoundland in 1988.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year.
  • Tim's remuneration is lower than average for companies of similar size in Canada.
Management Team

Tim Froude

TITLE
CEO, President & Director
COMPENSATION
CA$44K
AGE
57
TENURE
4.8 yrs

Eric Myung

TITLE
CFO & Director
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure of the Sokoman Minerals board of directors in years:

1.3
Average Tenure
  • The average tenure for the Sokoman Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Froude

TITLE
CEO, President & Director
COMPENSATION
CA$44K
AGE
57
TENURE
8.2 yrs

Eric Myung

TITLE
CFO & Director
TENURE
0.5 yrs

Cathy Hume

TITLE
Director
TENURE
2 yrs

Colin Bowdidge

TITLE
Director
TENURE
2 yrs

Peter Dimmell

TITLE
Director
TENURE
0.7 yrs

James Adams

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sokoman Minerals insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Feb 19 Buy James Adams Individual 07. Feb 19 07. Feb 19 50,000 CA$0.10 CA$5,000
07. Jan 19 Buy Timothy Froude Individual 31. Dec 18 31. Dec 18 50,000 CA$0.20 CA$10,000
04. Jan 19 Buy Eric Sprott Individual 31. Dec 18 31. Dec 18 1,250,000 CA$0.20 CA$250,001
01. Jan 19 Buy Gordon Fretwell Individual 31. Dec 18 31. Dec 18 25,000 CA$0.20 CA$5,000
20. Aug 18 Buy Eric Sprott Individual 15. Aug 18 15. Aug 18 13,350,000 CA$0.15 CA$2,002,508
24. Jul 18 Sell Gordon Fretwell Individual 24. Jul 18 24. Jul 18 -52,000 CA$0.12 CA$-6,240
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Management checks
We assess Sokoman Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sokoman Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SIC News

Simply Wall St News

What Kind Of Shareholders Own Sokoman Iron Corp. (CVE:SIC)?

The big shareholder groups in Sokoman Iron Corp. … Sokoman Iron is a smaller company with a market capitalization of CA$12m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Sokoman Iron

Simply Wall St -

Does Market Volatility Impact Sokoman Iron Corp's (CVE:SIC) Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

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Is Sokoman Iron Corp's (CVE:SIC) Balance Sheet A Threat To Its Future?

The direct benefit for Sokoman Iron Corp (CVE:SIC), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is SIC will have to adhere to stricter debt covenants and have less financial flexibility. … Is SIC right in choosing financial flexibility over lower cost of capital

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Who Owns Sokoman Iron Corp (CVE:SIC)?

In this analysis, my focus will be on developing a perspective on Sokoman Iron Corp’s (TSXV:SIC) latest ownership structure, a less discussed, but important factor. … Check out our latest analysis for Sokoman Iron TSXV:SIC Ownership_summary Jun 1st 18 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … General Public Ownership A substantial ownership of 76.61% in SIC is held by the general public.

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Where Sokoman Iron Corp's (CVE:SIC) Earnings Growth Stands Against Its Industry

Below, I will assess SIC's latest performance announced on 31 December 2017 and weight these figures against its longer term trend and industry movements. … See our latest analysis for Sokoman Iron Was SIC's recent earnings decline worse than the long-term trend and the industry? … TSXV:SIC Income Statement Mar 29th 18 We can further examine Sokoman Iron's loss by looking at what the industry has been experiencing over the past few years.

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How Should Investors Feel About Sokoman Iron Corp's (CVE:SIC) CEO Pay?

Check out our latest analysis for Sokoman Iron What has SIC's performance been like? … Normally I would use earnings and market cap to account for variations in performance, however, SIC's negative earnings lower the effectiveness of this method. … Next Steps: Hopefully this article has given you insight on how shareholders should think about SIC's governance policies such as CEO pay.

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Who Really Owns Sokoman Iron Corp (CVE:SIC)?

See our latest analysis for Sokoman Iron TSXV:SIC Ownership_summary Feb 12th 18 Insider Ownership Another important group of shareholders are company insiders. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

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What Is Sokoman Iron Corp's (CVE:SIC) Financial Position?

Sokoman Iron Corp (TSXV:SIC), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … See our latest analysis for Sokoman Iron Does SIC's growth rate justify its decision for financial flexibility over lower cost of capital? … SIC’s absence of debt on its balance sheet may be due to lack of access to cheaper capital, or it may simply believe low cost is not worth sacrificing financial flexibility.

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Want To Invest In Sokoman Iron Corp (CVE:SIC)? Here's How It Performed Lately

Measuring Sokoman Iron Corp's (TSXV:SIC) track record of past performance is a useful exercise for investors. … Check out our latest analysis for Sokoman Iron Was SIC's recent earnings decline indicative of a tough track record? … I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data.

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What Is The Future Prospect For Basic Materials And Sokoman Iron Corp (TSXV:SIC)?

Today, I will analyse the industry outlook, and also determine whether SIC is a laggard or leader relative to its basic materials sector peers. … If your initial investment thesis is around the growth prospects of SIC, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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SIC Company Info

Description

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. The company primarily focuses on the Central Newfound Gold project situated in central Newfoundland. It also holds 100% interest in the Iron Horse project located northeast of Labrador City; the Startrek and Antimony Ridge projects situated in Newfoundland; and 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 based in Puslinch, Canada.

Details
Name: Sokoman Minerals Corp.
SIC
Exchange: TSXV
Founded:
CA$14,559,277
100,408,809
Website: http://www.sokomaniron.com
Address: Sokoman Minerals Corp.
7735 Leslie Road West,
Puslinch,
Ontario, N0B 2J0,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SIC Common Shares TSX Venture Exchange CA CAD 27. Aug 2008
OTCPK SICN.F Common Shares Pink Sheets LLC US USD 27. Aug 2008
DB 3PJ1 Common Shares Deutsche Boerse AG DE EUR 27. Aug 2008
DB 3PJ1 Common Shares Deutsche Boerse AG DE EUR 27. Aug 2008
Number of employees
Current staff
Staff numbers
0
Sokoman Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 00:11
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.