TSXV:TBR

Stock Analysis Report

Timberline Resources

Executive Summary

Timberline Resources Corporation engages in the exploration and development of mineral properties in the United States.

Rewards

Earnings have grown 6.5% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$6M)

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

Shareholders have been diluted in the past year



Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-9.5%

TBR

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

5.6%

TBR

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: TBR exceeded the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: TBR matched the Canadian Market which returned 5.8% over the past year.


Shareholder returns

TBRIndustryMarket
7 Day-9.5%2.4%0.6%
30 Day-13.6%1.2%0.5%
90 Day0%6.6%3.6%
1 Year5.6%5.6%5.0%4.4%9.1%5.8%
3 Year-77.9%-77.9%-10.4%-11.9%15.4%5.0%
5 Year-87.3%-87.3%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TBR is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Timberline Resources 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 Timberline 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 Timberline Resources performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TBR is currently unprofitable.

Growing Profit Margin: TBR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TBR is unprofitable, but has reduced losses over the past 5 years at a rate of 6.5% per year.

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

Earnings vs Industry: TBR 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: TBR has a negative Return on Equity (-12.87%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Timberline Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TBR's short term assets ($276.5K) do not cover its short term liabilities ($547.1K).

Long Term Liabilities: TBR's short term assets ($276.5K) do not cover its long term liabilities ($470.7K).


Debt to Equity History and Analysis

Debt Level: TBR's debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TBR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TBR's debt is not covered by short term assets (assets are 0.6x debt).


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: TBR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TBR has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.8% each year.


Next Steps

Dividend

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

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

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

1.5yrs

Average management tenure


CEO

Steve Osterberg (58yo)

4.1yrs

Tenure

US$150,000

Compensation

Dr. Steven A. Osterberg, also known as Steve, Ph.D., P.G., Q.P., has been the Chief Executive Officer and President of Timberline Resources Corporation since January 19, 2016. Dr. Osterberg served as Vice  ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD150.00K) is about average for companies of similar size in the Canadian market ($USD155.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Steven Osterberg
President4.1yrsUS$150.00k1.01% $80.3k
Ted Sharp
CFO, Corporate Secretary & Treasurer1.4yrsUS$59.40kno data
Donald McDowell
VP of Corporate Development & Director1.7yrsno data0.81% $64.4k

1.5yrs

Average Tenure

60yo

Average Age

Experienced Management: TBR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Steven Osterberg
President4.1yrsUS$150.00k1.01% $80.3k
Donald McDowell
VP of Corporate Development & Director1.7yrsno data0.81% $64.4k
Paul Dircksen
Independent Director13.4yrsUS$6.71k0.53% $41.7k
William Matlack
Director0.3yrsno data17.39% $1.4m
David Mathewson
Independent Director1.7yrsno data1.84% $145.4k
Leigh Freeman
Independent Chairman of the Board3.8yrsno data0.087% $6.9k

2.8yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TBR's board of directors are not considered experienced ( 2.8 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 diluted in the past year, with total shares outstanding growing by 42.5%.


Top Shareholders

Company Information

Timberline Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Timberline Resources Corporation
  • Ticker: TBR
  • Exchange: TSXV
  • Founded: 1968
  • Industry: Gold
  • Sector: Materials
  • Market Cap: US$5.977m
  • Listing Market Cap: US$7.920m
  • Shares outstanding: 74.90m
  • Website: https://www.timberlineresources.co

Number of Employees


Location

  • Timberline Resources Corporation
  • 101 East Lakeside Avenue
  • Coeur d'Alene
  • Idaho
  • 83814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TLRSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 1999
TBRTSXV (TSX Venture Exchange)YesCommon StockCACADJul 1999

Biography

Timberline Resources Corporation engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds interests in the Eureka property covering an area of approximately 16,000 acres located in the southern part of the Eureka mining district of Eureka County, Nevada; the Elder Creek property covering approximately 9,600 acres consisting of 583 unpatented lode mining claims situated in northern Nevada; and the ICBM (Paiute) project covering an area of approximately 1,346 acres located in the Battle Mountain mining district, Lander and Humboldt Counties, Nevada. The company was formerly known as Silver Crystal Mines, Inc. and changed its name to Timberline Resources Corporation in February 2004. Timberline Resources Corporation was incorporated in 1968 and is based in Coeur d'Alene, Idaho. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:51
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
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.