TSXV:WKG

Stock Analysis Report

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Executive Summary

WestKam Gold Corp. engages in the acquisition and exploration of exploration and evaluation assets in Canada. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has WestKam Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WKG is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: WKG's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-7.4%

WKG

-2.3%

CA Metals and Mining

2.7%

CA Market


1 Year Return

42.9%

WKG

36.5%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: WKG exceeded the Canadian Metals and Mining industry which returned 36.5% over the past year.

Return vs Market: WKG exceeded the Canadian Market which returned 0.5% over the past year.


Shareholder returns

WKGIndustryMarket
7 Day-7.4%-2.3%2.7%
30 Day35.1%-3.9%12.3%
90 Day13.6%-12.1%6.1%
1 Year42.9%42.9%37.7%36.5%4.2%0.5%
3 Year-52.4%-52.4%42.3%39.3%12.8%1.9%
5 Year-71.4%-71.4%131.7%124.7%49.7%26.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is WestKam Gold undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WKG is good value based on its PB Ratio (0.3x) compared to the CA Metals and Mining industry average (2.6x).


Next Steps

Future Growth

How is WestKam Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.6%

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 WestKam Gold 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 WestKam Gold performed over the past 5 years?

17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WKG is currently unprofitable.

Growing Profit Margin: WKG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WKG is unprofitable, but has reduced losses over the past 5 years at a rate of 17.1% per year.

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

Earnings vs Industry: WKG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).


Return on Equity

High ROE: WKG has a negative Return on Equity (-3.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is WestKam Gold's financial position?


Financial Position Analysis

Short Term Liabilities: WKG's short term assets (CA$31.4K) do not cover its short term liabilities (CA$758.1K).

Long Term Liabilities: WKG's short term assets (CA$31.4K) do not cover its long term liabilities (CA$41.0K).


Debt to Equity History and Analysis

Debt Level: WKG's debt to equity ratio (0.04%) is considered satisfactory.

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


Balance Sheet


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: WKG has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: WKG is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is WestKam Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WKG's dividends per share have been stable in the past.

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

8.3yrs

Average management tenure


CEO

Matt Wayrynen (58 yo)

2.83yrs

Tenure

CA$120,000

Compensation

Mr. Matthew J. Wayrynen, also known as Matt, serves as the Chairman, Chief Executive Officer and Chief Operating Officer at Solar Flow-Through L.P. He has been Chief Executive Officer, President and Direct...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD165.53K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Wayrynen
President2.83yrsCA$120.00k0.31%
CA$ 17.9k
Pamela Saulnier
CFO & Corporate Secretary8.33yrsCA$60.00kno data
Robert Maddigan
Vice President of Exploration15.58yrsno datano data

8.3yrs

Average Tenure

56yo

Average Age

Experienced Management: WKG's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Wayrynen
President2.83yrsCA$120.00k0.31%
CA$ 17.9k
Lindsay Gorrill
Member of Advisory Board8.83yrsno datano data
Tyrone Docherty
Member of Advisory Board8.83yrsno datano data
Josef Fogarassy
Member of the Advisory Board8.67yrsno datano data
Corey Klassen
Independent Director3yrsno datano data
Catalin Kilofliski
Independent Directorno datano datano data

8.7yrs

Average Tenure

58yo

Average Age

Experienced Board: WKG's board of directors are considered experienced (8.7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 207.2%.


Top Shareholders

Company Information

WestKam Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: WestKam Gold Corp.
  • Ticker: WKG
  • Exchange: TSXV
  • Founded: 1982
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$5.684m
  • Shares outstanding: 22.74m
  • Website: https://www.westkamgold.com

Location

  • WestKam Gold Corp.
  • 570 Granville Street
  • Suite 900
  • Vancouver
  • British Columbia
  • V6C 3P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WKGTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
OUH3DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
WKGF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

WestKam Gold Corp. engages in the acquisition and exploration of exploration and evaluation assets in Canada. The company primarily explores for gold, silver, copper, and tellurium deposits. It holds a 100...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:41
End of Day Share Price2020/11/27 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.