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Rio2

BST:1SB
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1SB
BST
CA$63M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Rio2 Limited operates as a precious metals company with focus on the Americas. The last earnings update was 19 days ago. More info.


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1SB Share Price and Events
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Rio2 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
Here we compare the current share price of Rio2 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rio2.

BST:1SB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:1SB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 26.5%) (0.53%))
1.161
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.161 * 9.46%)
11.52%

Discounted Cash Flow Calculation for BST:1SB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rio2 is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:1SB DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 12.39 12.46 12.53 12.61 12.68
Source Est @ 0.58% Est @ 0.58% Est @ 0.58% Est @ 0.58% Est @ 0.58%
Present Value
Discounted (@ 11.52%)
11.11 10.02 9.04 8.15 7.35
Present value of next 5 years cash flows CA$45.66
BST:1SB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$12.68 × (1 + 0.54%) ÷ (11.52% – 0.54%)
CA$116.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$116.09 ÷ (1 + 11.52%)5
CA$67.29
BST:1SB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$45.66 + CA$67.29
CA$112.95
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$112.95 / 102.84
CA$1.07
BST:1SB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:1SB represents 0.97377x of TSXV:RIO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97377x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 1.10 x 0.97377
€1.07
Value per share (EUR) From above. €1.07
Current discount Discount to share price of €0.59
= -1 x (€0.59 - €1.07) / €1.07
44.5%

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

Current Discount
Amount off the current price Rio2 is available for.
Intrinsic value
44%
Share price is €0.59 vs Future cash flow value of €1.07
Current Discount Checks
For Rio2 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rio2's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rio2's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Rio2's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rio2's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1SB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CAD CA$-0.48
TSXV:RIO Share Price ** TSXV (2018-08-01) in CAD CA$0.61
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 7.03x
Germany Market PE Ratio Median Figure of 408 Publicly-Listed Companies 17.04x

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

** Primary Listing of Rio2.

BST:1SB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.61 ÷ -0.48

-1.28x

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

  • Rio2 is loss making, we can't compare its value to the DE Metals and Mining industry average.
  • Rio2 is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Rio2's expected growth come at a high price?
Raw Data
BST:1SB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 58 Publicly-Listed Metals and Mining Companies 0.58x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.36x

*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 Rio2, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rio2's assets?
Raw Data
BST:1SB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CAD CA$0.69
TSXV:RIO Share Price * TSXV (2018-08-01) in CAD CA$0.61
Germany Metals and Mining Industry PB Ratio Median Figure of 12 Publicly-Listed Metals and Mining Companies 3.23x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.84x
BST:1SB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.61 ÷ 0.69

0.88x

* Primary Listing of Rio2.

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

  • Rio2 is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Rio2'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. Rio2 has a total score of 3/6, 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.

Future Performance

 How is Rio2 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 Rio2 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
29.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rio2 expected to grow at an attractive rate?
  • Unable to compare Rio2's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rio2's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Rio2's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:1SB Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
BST:1SB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BST:1SB Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
BST:1SB Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-06-30 -3 -40
2018-03-31 -2 1
2017-12-31 1 -1
2017-09-30 1 -1
2017-06-30 -1 -2
2017-03-31 -1 -2
2016-12-31 -1 -12
2016-09-30 -1 -9
2016-06-30 -1 -4
2016-03-31 -1 -5
2015-12-31 -0 14
2015-09-30 0 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rio2 is high growth as no earnings estimate data is available.
  • Unable to determine if Rio2 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
BST:1SB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rio2 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1SB Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
BST:1SB Past Financials Data
Date (Data in CAD Millions) EPS *
2018-06-30 -0.48
2018-03-31 0.01
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.17
2016-09-30 -0.12
2016-06-30 -0.06
2016-03-31 -0.08
2015-12-31 0.22
2015-09-30 0.23

*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 Rio2 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Rio2 is trading at Rio2'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Rio2'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. Rio2'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 Rio2'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Rio2 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.

Past Performance

  How has Rio2 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 Rio2'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.
  • Rio2 does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Rio2's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rio2's 1-year growth to the DE Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Rio2'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 Rio2 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1SB Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -40.00 1.55
2018-03-31 0.77 1.27
2017-12-31 -0.92 1.42
2017-09-30 -1.35 1.38
2017-06-30 -1.74 1.23
2017-03-31 -1.89 1.19
2016-12-31 -12.33 1.16
2016-09-30 -8.61 1.32
2016-06-30 -3.75 1.28
2016-03-31 -5.00 1.30
2015-12-31 13.64 0.98
2015-09-30 13.00 0.86
2015-06-30 10.61 0.94
2015-03-31 9.39 1.12
2014-12-31 3.94 1.73
2014-09-30 3.07 1.77
2014-06-30 -1.44 1.85
2014-03-31 2.84 1.91
2013-12-31 1.89 1.48
2013-09-30 -0.02 1.65
2013-06-30 -0.37 1.70
2013-03-31 -0.05 2.41
2012-12-31 -2.11 3.29
2012-09-30 -2.58 3.53
2012-06-30 -1.18 5.79
2012-03-31 -4.38 5.89
2011-12-31 -13.63 11.35

*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 Rio2 has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Rio2 has efficiently used its assets last year compared to the DE Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Rio2 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 Rio2'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.
Rio2 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.

Health

 How is Rio2'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 Rio2's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rio2 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rio2's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rio2'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x 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 Rio2 Company Filings, last reported 3 months ago.

BST:1SB Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 59.22 0.33 0.81
2018-03-31 97.92 0.00 1.63
2017-12-31 94.60 0.55 2.26
2017-09-30 94.01 0.44 3.09
2017-06-30 96.61 0.44 3.99
2017-03-31 99.16 0.00 3.36
2016-12-31 100.48 0.00 5.13
2016-09-30 93.58 0.00 0.64
2016-06-30 92.31 0.00 1.07
2016-03-31 92.21 0.00 0.91
2015-12-31 102.33 0.00 0.51
2015-09-30 98.82 -0.27 0.80
2015-06-30 93.92 0.00 1.12
2015-03-31 93.85 0.00 0.06
2014-12-31 87.07 0.00 0.47
2014-09-30 83.73 0.00 0.15
2014-06-30 81.12 0.00 1.90
2014-03-31 83.63 0.00 2.90
2013-12-31 81.52 0.00 3.60
2013-09-30 76.17 0.00 1.75
2013-06-30 78.04 0.00 4.45
2013-03-31 75.95 0.00 10.72
2012-12-31 76.31 0.00 21.51
2012-09-30 76.68 0.00 26.59
2012-06-30 77.63 0.23 30.20
2012-03-31 71.55 0.00 35.53
2011-12-31 70.14 0.29 45.53
  • Rio2's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.6% 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.

  • Whilst loss making Rio2 has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Rio2 has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -26% per year.
X
Financial health checks
We assess Rio2'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. Rio2 has a total score of 4/6, 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.

Dividends

 What is Rio2'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 Rio2 dividends.
If you bought €2,000 of Rio2 shares you are expected to receive €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 Rio2's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rio2'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
BST:1SB 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
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

BST:1SB Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as Rio2 has not reported any payouts.
  • Unable to verify if Rio2's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rio2's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rio2 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 Rio2's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Rio2 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rio2 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.

Management

 What is the CEO of Rio2'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
Alex Black
AGE 60
CEO Bio

Mr. Alexander Black, also known as Alex, has been the Chief Executive Officer and President at Rio2 Limited since November 23, 2016. Mr. Black has been the Chief Executive Officer and President of Rio Alto Mining Limited (formerly, Mexican Silver Mines Ltd.) since January 23, 2012 and June 2, 2010 respectively. He is the Founder of Grupo Rio Alto S.A.C. He served as the Chief Executive Officer of Tahoe Resources Inc. from April 1, 2015 to August 2015. He served as the Chief Operating Officer of Rio Alto Mining Limited from June 25, 2009 to January 23, 2012 and again as Chief Operating Officer from July 2013 to October 2013. He founded Chariot Resources Ltd. and served as its Executive Vice President until September 6, 2006. He served as the President and Chief Executive Officer of Chariot Resources Ltd. Mr. Black has 35 years of experience in the mining industry. He was the founder and served General Manager for Andes Resources from June 2001 to July 2003. Mr. Black was the founder and Managing Director at Global Mining Services Pty Ltd. (an Australian consulting company providing technical and project management services to mining companies throughout the world) from 1994 to 2000 and Chairman and founder of AGR Limited (a resource company in which a predecessor to Centerra Gold Inc. acquired a 52% interest in March 2002). During his time as Chairman of AGR Limited, Mr. Black was involved in the identification and acquisition of the Boroo Gold Project located in Mongolia. In 1996, Mr. Black also founded and was Chairman of OFEX listed AGR Limited with exploration projects in Ghana and Mongolia. He served as Chairman of Chariot Resources Ltd. until September 6, 2006 and also served as its Director from August 8, 2003 to September 6, 2006. He served as the Chairman at Rio2 Limited (formerly Prospector Resources Corp.) since November 23, 2016. He has been Director at Mexican Silver Mines Ltd. since June 2009. He serves as a Director of Rio2 Limited. He has been a Non-Independent Director at Rio Alto Mining Limited since June 6, 2009. He served as a Director of Tahoe Resources Inc. from April 1, 2015 to August 2015. He served as a Director of Peruvian Metals Corp.(formerly, Duran Ventures Inc.) since October 2012. He is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Black holds a BSc in Mining Engineering from the University of South Australia.

CEO Compensation
  • Insufficient data for Alex to compare compensation growth.
  • Insufficient data for Alex to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Alex Black

TITLE
CEO, President & Director
AGE
60

Kathryn Johnson

TITLE
Chief Financial Officer

Tim Williams

TITLE
Executive VP & Chief Operating Officer

Ian Dreyer

TITLE
Senior Vice President of Technical Services
TENURE
0.1 yrs

Maria Gomez

TITLE
Senior Vice President of Corporate Communications

Enrique Garay Manyari

TITLE
Senior Vice President of Geology
TENURE
0.1 yrs

Jose Martinez

TITLE
Executive VP & Chief Strategy Officer

Andrew Cox

TITLE
Senior Vice President of Operations
Board of Directors

Klaus Zeitler

TITLE
Chairman
AGE
79

Alex Black

TITLE
CEO, President & Director
AGE
60

Albrecht Schneider

TITLE
Director
COMPENSATION
CA$254K
AGE
64
TENURE
10.3 yrs

Dan Kenney

TITLE
Director
AGE
48

Ram Ramachandran

TITLE
Director

Sidney P. Robinson

TITLE
Director
AGE
79

David Thomas

TITLE
Director
AGE
73
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (CAD) Value (CAD)
X
Management checks
We assess Rio2'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. Rio2 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.

News

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Company Info

Map
Description

Rio2 Limited operates as a precious metals company with focus on the Americas. It holds interest in the Cerro Maricunga gold project that covers an area of 16,085 hectares located in the Atacama Region. The company also holds an option to acquire rights and interests in seven gold exploration prospects totaling approximately 19,000 hectares located in Peru, as well as applied for 10,000 hectares of exploration concessions located in Nicaragua. Rio2 Limited is based in Toronto, Canada.

Details
Name: Rio2 Limited
1SB
Exchange: BST
Founded:
CA$42,045,500
102,840,572
Website: http://www.rio2.com
Address: Rio2 Limited
161 Bay Street,
27th Floor,
Toronto,
Ontario, M5J 2S1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RIO Common Shares TSX Venture Exchange CA CAD 27. Jul 2018
OTCPK PRRZ.F Common Shares Pink Sheets LLC US USD 27. Jul 2018
BST 1SB Common Shares Boerse-Stuttgart DE EUR 27. Jul 2018
BVL RIO Common Shares Bolsa de Valores de Lima PE USD 27. Jul 2018
Number of employees
Current staff
Staff numbers
0
Rio2 employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/28 18:59
End of day share price update: 2018/08/01 00:00
Last estimates confirmation: 2018/07/10
Last earnings filing: 2018/10/09
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/03/31


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.