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VVC Exploration

TSXV:VVC
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VVC
TSXV
CA$8M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

VVC Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious mineral resource properties in Mexico and Canada. The last earnings update was 157 days ago. More info.


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  • VVC Exploration has significant price volatility in the past 3 months.
VVC Share Price and Events
7 Day Returns
-16.7%
TSXV:VVC
-1.7%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
-16.7%
TSXV:VVC
-15.2%
CA Metals and Mining
-1.2%
CA Market
VVC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VVC Exploration (VVC) -16.7% -28.6% -16.7% -16.7% 0% -44.4%
CA Metals and Mining -1.7% -4.7% -8.7% -15.2% -14.9% -20.5%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • VVC underperformed the Metals and Mining industry which returned -15.2% over the past year.
  • VVC underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
VVC
Industry
5yr Volatility vs Market

VVC Value

 Is VVC Exploration 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 VVC Exploration. This is due to cash flow or dividend data being unavailable. The share price is CA$0.025.
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 VVC Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VVC Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:VVC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in CAD CA$-0.01
TSXV:VVC Share Price ** TSXV (2019-05-23) in CAD CA$0.03
Canada Metals and Mining Industry PE Ratio Median Figure of 112 Publicly-Listed Metals and Mining Companies 12.94x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

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

** Primary Listing of VVC Exploration.

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

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

= 0.03 ÷ -0.01

-3.84x

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

  • VVC Exploration is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • VVC Exploration is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does VVC Exploration's expected growth come at a high price?
Raw Data
TSXV:VVC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.84x
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 36 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*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 VVC Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VVC Exploration's assets?
Raw Data
TSXV:VVC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in CAD CA$0.02
TSXV:VVC Share Price * TSXV (2019-05-23) in CAD CA$0.03
Canada Metals and Mining Industry PB Ratio Median Figure of 1,090 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSXV:VVC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.02

1.66x

* Primary Listing of VVC Exploration.

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

  • VVC Exploration is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess VVC Exploration'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. VVC Exploration 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.

VVC Future Performance

 How is VVC Exploration 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 VVC Exploration 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
25.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VVC Exploration expected to grow at an attractive rate?
  • Unable to compare VVC Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VVC Exploration's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare VVC Exploration's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:VVC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:VVC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:VVC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-10-31 -1 -2
2018-07-31 -1 -2
2018-04-30 -1 -2
2018-01-31 -1 -1
2017-10-31 -1 -1
2017-07-31 -1 -1
2017-04-30 -1 -1
2017-01-31 -1 -1
2016-10-31 -1 -1
2016-07-31 -1 -1
2016-04-30 -1 -1
2016-01-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VVC Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if VVC Exploration 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:VVC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VVC Exploration Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VVC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.01
2018-01-31 -0.01
2017-10-31 -0.01
2017-07-31 0.00
2017-04-30 0.00
2017-01-31 0.00
2016-10-31 -0.01
2016-07-31 -0.01
2016-04-30 -0.01
2016-01-31 -0.01

*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 VVC Exploration will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of VVC’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.
  2. VVC Exploration'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. VVC Exploration'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 VVC Exploration'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.
VVC Exploration 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.

VVC Past Performance

  How has VVC Exploration 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 VVC Exploration'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.
  • VVC Exploration does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare VVC Exploration's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VVC Exploration's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
VVC Exploration'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 VVC Exploration Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VVC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 -1.65 0.84
2018-07-31 -1.74 0.85
2018-04-30 -1.63 0.79
2018-01-31 -1.49 0.68
2017-10-31 -1.18 0.49
2017-07-31 -0.71 0.39
2017-04-30 -0.69 0.54
2017-01-31 -0.58 0.53
2016-10-31 -1.18 0.86
2016-07-31 -1.12 0.80
2016-04-30 -1.03 0.63
2016-01-31 -0.99 0.67
2015-10-31 -0.89 0.64
2015-07-31 -0.92 0.68
2015-04-30 -1.06 0.84
2015-01-31 -1.37 0.98
2014-10-31 -2.02 1.71
2014-07-31 -2.17 1.79
2014-04-30 -2.08 1.70
2014-01-31 -1.79 1.59
2013-10-31 -0.71 0.66
2013-07-31 -0.50 0.50
2013-04-30 -0.51 0.54
2013-01-31 -0.72 0.57
2012-10-31 -1.13 0.88
2012-07-31 -1.25 0.99

*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 VVC Exploration has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VVC Exploration 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 VVC Exploration 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 VVC Exploration'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.
VVC Exploration 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.

VVC Health

 How is VVC Exploration'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 VVC Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VVC Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VVC Exploration's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VVC Exploration'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.
  • Debt is covered by short term assets, assets are 1.5x debt.
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 VVC Exploration Company Filings, last reported 6 months ago.

TSXV:VVC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 3.93 0.55 0.80
2018-07-31 3.55 0.53 0.84
2018-04-30 2.65 0.52 0.50
2018-01-31 2.97 0.48 1.04
2017-10-31 1.05 1.05 0.65
2017-07-31 0.64 1.03 0.41
2017-04-30 0.38 1.02 0.07
2017-01-31 0.61 0.99 0.19
2016-10-31 0.21 0.27 0.35
2016-07-31 0.36 0.28 0.18
2016-04-30 0.47 0.27 0.15
2016-01-31 0.65 0.27 0.19
2015-10-31 1.17 0.40 0.03
2015-07-31 1.35 0.38 0.07
2015-04-30 1.48 0.23 0.02
2015-01-31 1.61 0.17 0.02
2014-10-31 4.14 0.15 0.07
2014-07-31 4.00 0.20 0.08
2014-04-30 4.03 0.20 0.04
2014-01-31 1.52 0.22 0.20
2013-10-31 3.74 0.18 0.02
2013-07-31 1.12 0.47 0.01
2013-04-30 1.22 0.47 0.17
2013-01-31 1.37 0.50 0.51
2012-10-31 0.70 0.63 0.04
2012-07-31 0.53 0.63 0.04
  • VVC Exploration's level of debt (14%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.8% vs 14% today).
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.

  • VVC Exploration has less than a year of cash runway based on current free cash flow.
  • VVC Exploration has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.8% each year.
X
Financial health checks
We assess VVC Exploration'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. VVC Exploration has a total score of 3/6, 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.

VVC Dividends

 What is VVC Exploration'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 VVC Exploration dividends.
If you bought CA$2,000 of VVC Exploration 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 VVC Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VVC Exploration'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:VVC 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 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
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 VVC Exploration has not reported any payouts.
  • Unable to verify if VVC Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VVC Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VVC Exploration 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 VVC Exploration's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 VVC Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VVC Exploration 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.

VVC Management

 What is the CEO of VVC Exploration'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
Jim Culver
COMPENSATION CA$77,193
TENURE AS CEO 7.9 years
CEO Bio

Dr. James A. Culver, also known as Jim, Ph.D., has been the Chief Executive Officer and President of Camex Mining Development Group Inc. since October 16, 2013. Dr. Culver has been the Chief Executive Officer and President of VVC Exploration Corp. since June 13, 2011. Dr. Culver serves as an Advisor and Consultant to US and Canadian companies with mining operations in Mexico. Before returning to Nashville, Tennessee, he worked 22 years working in New York City where he most recently managed two private commodity asset based lending companies and developed hedge funds focused on commodity asset based lending for both companies. Dr. Culver served as Chief Executive Officer of TPG Commercial Finance, LLC (now Crestmark TPG, LLC) since January 2006. He has vast experience and expertise in his field of knowledge. For the last 20 years he has focused on commodity finance and commodity project finance, primarily in mining and metals and agricultural products. Dr. Culver has spent his career in the fields of commodities, international trade and trade finance, in government, academia and private sector. He served as the President of Crestmark TPG, LLC, which he founded. He served as President of Maple Trade Finance Corp. and Maple Commercial Finance, divisions of Maple Financial Group, where he developed and managed the Commercial Finance Proprietary Finance Group and Commercial Finance Hedge Fund, managing a portfolio of $750 million commodity asset based loans and commodity project finance loans involved in international trade. Before joining Maple Financial Group, he created, launched and co-managed IIG Trade Opportunities Fund. From 1983 to 1994, he worked for Merrill Lynch in various departments: commodity research, economic research and consulting service and commodity trading and finance. At Merrill Lynch, Dr. Culver managed the precious metals trading and the base metals trading from 1990 to 1994. From 1994 to 1996, Dr. Culver served as President of Gerald Inc., a wholly owned subsidiary of Gerald Metals. He served in the US Navy and US Navy Reserves. He founded and served as the President of The Parsons Group International Education, Inc. He served as the Chief Economist and Director of the Economics & Education Division for the Commodity Futures Trading Commission, where he was responsible for market surveillance and new product approvals. He also served for five years on the staff of the Committee on Agriculture of the U.S. House of Representatives, the last three years as Chief Economist. From 1996 to 1997, he was a Visiting Professor of Finance for the University of New York, teaching MBA courses in investment theory and derivatives. Dr. Culver has been the Chairman of TPG Commercial Finance, LLC since January 2006. He served as an Executive Director of The International Investment Group LLC ("IIG") and an Executive Director of Maple Commercial Finance. He has been a Director of Camex Mining Development Group Inc. since October 16, 2013. He has been a Director of VVC Exploration Corp. since May 2011. He serves as a Director of Camex Mining Development Group Inc. Dr. Culver serves as a Director of Genera Energy Inc. He served as an Independent Director of Sierra Metals Inc. (formerly, Dia Bras Explorations Inc.) since February 2005. He served on several corporate boards and advisory boards, in the mining and manufacturing industries. He has a prestigious and renowned international reputation. He has earned his BS from the University of Tennessee Martin and an MS and a PhD in Agricultural Economics from the University of Tennessee, Knoxville.

CEO Compensation
  • Jim's compensation has increased whilst company is loss making.
  • Jim's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the VVC Exploration management team in years:

10.7
Average Tenure
  • The average tenure for the VVC Exploration management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Culver

TITLE
President
COMPENSATION
CA$77K
TENURE
7.9 yrs

Kevin Barnes

TITLE
Chief Financial Officer
COMPENSATION
CA$40K
AGE
46
TENURE
10.7 yrs

Michel Lafrance

TITLE
Secretary & Treasurer
COMPENSATION
CA$54K
TENURE
16.4 yrs

Patrick Fernet

TITLE
Consultant & Director
TENURE
5.3 yrs

Charles Descary

TITLE
Manager of Investor Relations

Nana Chen

TITLE
Mining & Geological Consultant of China Projects
TENURE
14.3 yrs

André St-Michel

TITLE
Senior Consultant of Mexican Operations
Board of Directors Tenure

Average tenure of the VVC Exploration board of directors in years:

6.7
Average Tenure
  • The tenure for the VVC Exploration board of directors is about average.
Board of Directors

Terrence Martell

TITLE
Chairman of the Board
AGE
72
TENURE
5.3 yrs

Jim Culver

TITLE
President
COMPENSATION
CA$77K
TENURE
8 yrs

Patrick Fernet

TITLE
Consultant & Director
TENURE
15 yrs

Peter Dimmell

TITLE
Director
TENURE
14.8 yrs

Bruno Dumais

TITLE
Director
TENURE
6.7 yrs

Scott Hill

TITLE
Director
AGE
51
TENURE
1.8 yrs

Emily King

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Jan 19 Buy Terrence Martell Individual 31. Dec 18 31. Dec 18 1,440,000 CA$0.05 CA$75,061
07. Jan 19 Buy Scott Hill Individual 31. Dec 18 31. Dec 18 2,193,000 CA$0.05 CA$115,807
10. Oct 18 Buy Terrence Martell Individual 09. Oct 18 09. Oct 18 2,000,000 CA$0.03 CA$59,999
X
Management checks
We assess VVC Exploration'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. VVC Exploration 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.

VVC News

Simply Wall St News

Is VVC Exploration Corporation's (CVE:VVC) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as VVC Exploration Corporation (CVE:VVC) with its market cap of CA$7.85m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Is VVC Exploration Corporation (CVE:VVC) A Financially Sound Company?

Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … Looking at VVC’s most recent CA$1.29M liabilities, it seems that the business is not able to meet these obligations given the level of current assets of CA$225.48K, with a current ratio of 0.17x below the prudent level of 3x. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: VVC’s high debt level indicates room for improvement.

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How Should Investors React To VVC Exploration Corporation's (CVE:VVC) CEO Pay?

Check out our latest analysis for VVC Exploration What has VVC's performance been like? … Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Typically I would use earnings and market cap to account for variations in performance, however, VVC's negative earnings reduces the usefulness of my formula.

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What Investors Should Know About VVC Exploration Corporation's (CVE:VVC) Financial Strength

Given that VVC is not presently profitable, it’s vital to assess the current state of its operations and pathway to profitability. … Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … Looking at VVC’s most recent CA$1.3M liabilities, the company is not able to meet these obligations given the level of current assets of CA$0.2M, with a current ratio of 0.17x below the prudent level of 3x.

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What You Must Know About VVC Exploration Corporation's (CVE:VVC) Major Investors

In this article, I will take a quick look at VVC Exploration Corporation’s (TSXV:VVC) recent ownership structure – an unconventional investing subject, but an important one. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … 7.27% ownership makes insiders an important shareholder group.

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Is VVC Exploration Corporation's (CVE:VVC) CEO Incentives Align With Yours?

TSXV:VVC Past Future Earnings Dec 21st 17 Is VVC's CEO overpaid relative to the market? … Normally I'd use market cap and profit as factors determining performance, however, VVC's negative earnings lower the usefulness of my formula. … To find out more about VVC's governance, look through our infographic report of the company's board and management.

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VVC Exploration Corporation (TSXV:VVC): Is Basic Materials An Attractive Sector Play?

TSXV:VVC PE PEG Gauge Dec 6th 17 The metals and mining industry is trading at a PE ratio of 12x, in-line with the Canadian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of VVC, 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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VVC Company Info

Description

VVC Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious mineral resource properties in Mexico and Canada. The company primarily explores for gold and base metal mineral properties. It primarily holds a 33.75% interest in the Kaity copper property comprising 1 mining concession covering an area of approximately 1,623 hectares situated in Chihuahua State. The company also holds interests in Cumeral property consisting of 3 mining concessions covering an area of 685 hectares situated in Sonora State; La Tuna property covering an area of 3,533 hectares located in the municipality of Alamos, Sinaloa State, Mexico; and Timmins area properties comprising 9 claims located in southeast of Timmins in the Abitibi greenstone belt of Northern Ontario. VVC Exploration Corporation was incorporated in 1983 and is headquartered in Scarborough, Canada.

Details
Name: VVC Exploration Corporation
VVC
Exchange: TSXV
Founded: 1983
CA$7,694,161
307,766,461
Website: http://www.vvcexpl.com
Address: VVC Exploration Corporation
2369 Kingston Road,
Terry Town,
Scarborough,
Ontario, M1N 4E7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VVC Common Shares TSX Venture Exchange CA CAD 09. Sep 1988
OTCPK VVCV.F Common Shares Pink Sheets LLC US USD 09. Sep 1988
DB V7S Common Shares Deutsche Boerse AG DE EUR 09. Sep 1988
Number of employees
Current staff
Staff numbers
0
VVC Exploration employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:45
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2018/12/17
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/01/31


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.