2LF

Greenland Resources DB:2LF Stock Report

Last Price

€0.45

Market Cap

€44.3m

7D

3.2%

1Y

n/a

Updated

28 Sep, 2022

Data

Company Financials
2LF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

2LF Stock Overview

Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland.

Greenland Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Greenland Resources
Historical stock prices
Current Share Price€0.45
52 Week High€0.73
52 Week Low€0.26
Beta0
1 Month Change0.90%
3 Month Change17.28%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-11.31%

Recent News & Updates

Shareholder Returns

2LFDE Metals and MiningDE Market
7D3.2%-4.7%-5.1%
1Yn/a-31.3%-28.5%

Return vs Industry: Insufficient data to determine how 2LF performed against the German Metals and Mining industry.

Return vs Market: Insufficient data to determine how 2LF performed against the German Market.

Price Volatility

Is 2LF's price volatile compared to industry and market?
2LF volatility
2LF Average Weekly Movement9.1%
Metals and Mining Industry Average Movement9.0%
Market Average Movement5.6%
10% most volatile stocks in DE Market9.9%
10% least volatile stocks in DE Market2.9%

Stable Share Price: 2LF is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 2LF's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
2008n/aRobert Shiffmanhttps://www.greenlandresources.ca

Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland. Its flagship project is the 100% owned Malmbjerg molybdenum project that covers an area of 82 square kilometer located in eastern Greenland. The company was formerly known as Primera Bioscience Research Inc. and changed its name to Greenland Resources Inc. in June 2014.

Greenland Resources Fundamentals Summary

How do Greenland Resources's earnings and revenue compare to its market cap?
2LF fundamental statistics
Market Cap€44.28m
Earnings (TTM)-€5.98m
Revenue (TTM)n/a

0.0x

P/S Ratio

-7.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2LF income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$7.89m
Earnings-CA$7.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.08
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did 2LF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2LF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2LF?

Other financial metrics that can be useful for relative valuation.

2LF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-51.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does 2LF's PB Ratio compare to its peers?

2LF PB Ratio vs Peers
The above table shows the PB ratio for 2LF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.8x
ROR SunMirror
0.5x59.0%€15.6m
PNX Pasinex Resources
3.4xn/a€2.9m
DLX Delignit
2.1x23.0%€51.2m
02P Pearl Gold
1.1xn/a€11.6m
2LF Greenland Resources
37.1xn/a€44.3m

Price-To-Book vs Peers: 2LF is expensive based on its Price-To-Book Ratio (37.1x) compared to the peer average (1.8x).


Price to Earnings Ratio vs Industry

How does 2LF's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Book vs Industry: 2LF is expensive based on its Price-To-Book Ratio (37.1x) compared to the European Metals and Mining industry average (1.1x)


Price to Book Ratio vs Fair Ratio

What is 2LF's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2LF PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio37.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 2LF's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2LF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2LF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2LF's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-19.8%

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 Greenland 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.


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  • Examine Greenland Resources'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.
  • Greenland Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Greenland Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-50.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2LF is currently unprofitable.

Growing Profit Margin: 2LF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2LF is unprofitable, and losses have increased over the past 5 years at a rate of 50% per year.

Accelerating Growth: Unable to compare 2LF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2LF is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (60.4%).


Return on Equity

High ROE: 2LF has a negative Return on Equity (-500.28%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Greenland Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 2LF's short term assets (CA$1.8M) exceed its short term liabilities (CA$264.1K).

Long Term Liabilities: 2LF has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 2LF is debt free.

Reducing Debt: 2LF has not had any debt for 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: 2LF has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 2LF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.8% each year


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Dividend

What is Greenland Resources's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Greenland Resources Dividend Yield vs Market
How does Greenland Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Greenland Resources)n/a
Market Bottom 25% (DE)1.7%
Market Top 25% (DE)5.4%
Industry Average (Metals and Mining)10.7%
Analyst forecast in 3 Years (Greenland Resources)n/a

Notable Dividend: Unable to evaluate 2LF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2LF'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 2LF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2LF's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2LF has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average board tenure


CEO

Robert Shiffman

8.67yrs

Tenure

CA$175,000

Compensation

Dr. Robert Shiffman, BBA, MBA, PhD. served as a Director at Greenhawk Resources Inc. (Formally known as Cryptologic Corp.) from May 28, 2021 to December 8, 2021. He serves as Founder and Executive Chairman...


CEO Compensation Analysis

Robert Shiffman's Compensation vs Greenland Resources Earnings
How has Robert Shiffman's remuneration changed compared to Greenland Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$8m

Mar 31 2022n/an/a

-CA$7m

Dec 31 2021n/an/a

-CA$10m

Sep 30 2021n/an/a

-CA$7m

Jun 30 2021n/an/a

-CA$2m

Mar 31 2021n/an/a

-CA$1m

Dec 31 2020n/an/a

-CA$1m

Sep 30 2020n/an/a

-CA$1m

Jun 30 2020n/an/a

-CA$2m

Mar 31 2020CA$175kCA$175k

-CA$2m

Dec 31 2019n/an/a

-CA$2m

Sep 30 2019n/an/a

-CA$2m

Jun 30 2019n/an/a

-CA$2m

Mar 31 2019CA$187kCA$67k

-CA$2m

Dec 31 2018n/an/a

-CA$2m

Sep 30 2018n/an/a

-CA$2m

Jun 30 2018n/an/a

-CA$2m

Mar 31 2018CA$178kCA$178k

-CA$1m

Dec 31 2017n/an/a

-CA$181k

Sep 30 2017n/an/a

-CA$70k

Jun 30 2017n/an/a

-CA$112k

Mar 31 2017CA$55kCA$55k

-CA$190k

Compensation vs Market: Insufficient data to establish whether Robert's total compensation is reasonable compared to companies of similar size in the German market.

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


Board Members

Experienced Board: 2LF's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2LF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

DB:2LF Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Aug 22Buy€14,988Leonard AsperIndividual33,000€0.45
22 Jun 22Buy€16,696Keith MintyIndividual44,000€0.38
16 May 22Buy€88,252Robert ShiffmanIndividual172,000€0.54
09 May 22Buy€17,311Leonard AsperIndividual30,000€0.59
28 Apr 22Buy€14,667James SteelIndividual35,000€0.63
27 Apr 22Buy€22,309Keith MintyIndividual39,000€0.57
25 Feb 22Buy€37,703Keith MintyIndividual132,000€0.29
25 Feb 22Buy€151,383Robert ShiffmanIndividual530,000€0.29
20 Dec 21Buy€34,047Keith MintyIndividual106,000€0.32
12 Nov 21Buy€30,257Robert ShiffmanIndividual64,000€0.47
25 Oct 21Buy€22,514Robert ShiffmanIndividual49,000€0.46
01 Oct 21Buy€51,178Robert ShiffmanIndividual160,000€0.32

Ownership Breakdown

What is the ownership structure of 2LF?
Owner TypeNumber of SharesOwnership Percentage
Private Companies17,333,33317.5%
Individual Insiders20,555,26620.8%
General Public60,949,26661.7%

Dilution of Shares: 2LF only recently listed within the past 12 months.


Top Shareholders

Top 5 shareholders own 38.33% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.54%
5045299 Ontario Inc.
17,333,333CA$7.8m0%no data
14.04%
Robert Shiffman
13,876,000CA$6.2m3.14%no data
5.98%
Leonard Asper
5,915,000CA$2.6m0.56%no data
0.53%
Keith Minty
528,266CA$236.7k18.64%no data
0.24%
James Steel
236,000CA$105.7k0.43%no data

Company Information

Greenland Resources Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Greenland Resources Inc.
  • Ticker: 2LF
  • Exchange: DB
  • Founded: 2008
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: €44.279m
  • Shares outstanding: 98.84m
  • Website: https://www.greenlandresources.ca

Location

  • Greenland Resources Inc.
  • 25 York Street
  • Suite 1810
  • Toronto
  • Ontario
  • M5J 2V5
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2LFDB (Deutsche Boerse AG)YesNew Common SharesDEEUROct 2021
GRLR.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDOct 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.