DB:D3S

Stock Analysis Report

Executive Summary

Core Gold Inc. engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: D3S's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

37.9%

D3S

13.5%

DE Metals and Mining

9.9%

DE Market


1 Year Return

-68.6%

D3S

-54.1%

DE Metals and Mining

-17.5%

DE Market

Return vs Industry: D3S underperformed the German Metals and Mining industry which returned -51.9% over the past year.

Return vs Market: D3S underperformed the German Market which returned -17.7% over the past year.


Shareholder returns

D3SIndustryMarket
7 Day37.9%13.5%9.9%
30 Day-67.0%-34.8%-16.6%
90 Day-63.0%-51.0%-24.8%
1 Year-68.6%-68.6%-53.6%-54.1%-15.0%-17.5%
3 Year-82.0%-82.0%-70.0%-71.0%-17.4%-24.5%
5 Year-91.3%-91.3%-69.6%-71.1%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate D3S's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate D3S's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: D3S is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: D3S is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate D3S's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: D3S is overvalued based on its PB Ratio (8.2x) compared to the DE Metals and Mining industry average (2x).


Next Steps

Future Growth

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

10.8%

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 Core 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 Core Gold performed over the past 5 years?

-5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: D3S is currently unprofitable.

Growing Profit Margin: D3S is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: D3S is unprofitable, and losses have increased over the past 5 years at a rate of -5.2% per year.

Accelerating Growth: Unable to compare D3S's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: D3S is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: D3S has a negative Return on Equity (-153.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Core Gold's financial position?


Financial Position Analysis

Short Term Liabilities: D3S's short term assets ($5.7M) do not cover its short term liabilities ($19.0M).

Long Term Liabilities: D3S's short term assets ($5.7M) exceed its long term liabilities ($1.7M).


Debt to Equity History and Analysis

Debt Level: D3S's debt to equity ratio (210.6%) is considered high.

Reducing Debt: D3S's debt to equity ratio has increased from 1.6% to 210.6% over the past 5 years.


Balance Sheet

Inventory Level: D3S has a high level of physical assets or inventory.

Debt Coverage by Assets: D3S's debt is covered by short term assets (assets are 1.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: D3S has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: D3S has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.1% each year.


Next Steps

Dividend

What is Core Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate D3S's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate D3S's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if D3S's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if D3S'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 D3S's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Mark Bailey (70yo)

1

Tenure

US$83,719

Compensation

Mr. Mark H. Bailey, M.Sc. & P.Geo, has been Non-Executive Chairman of Entree Resources Ltd. since February 5, 2018 and its Director since June 28, 2002. Mr. Bailey has been Chief Executive Officer of Core  ...


Leadership Team

NamePositionTenureCompensationOwnership
Mark Bailey
CEO, President & Director1yrUS$83.72k0.23% $24.9k
Sam Wong
CFO & Corporate Secretary3.5yrsUS$369.00kno data
Armando Alexandri
Chief Operating Officer0.58yrno datano data

1.0yrs

Average Tenure

Experienced Management: D3S's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Bailey
CEO, President & Director1yrUS$83.72k0.23% $24.9k
Gregg Sedun
Lead Director3.5yrsUS$124.09k0.12% $12.5k
Keith Piggott
Director3.5yrsUS$522.75k3.72% $397.4k
Javier Reyes
Independent Director3.5yrsUS$134.23k0.13% $13.6k
Matthew Carr
Directorno datano datano data

3.5yrs

Average Tenure

70yo

Average Age

Experienced Board: D3S's board of directors are considered experienced (3.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: D3S insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.6%.


Top Shareholders

Company Information

Core Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Core Gold Inc.
  • Ticker: D3S
  • Exchange: DB
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$16.688m
  • Listing Market Cap: CA$10.694m
  • Shares outstanding: 166.88m
  • Website: https://www.coregoldinc.com

Number of Employees


Location

  • Core Gold Inc.
  • 1166 Alberni Street
  • Suite 1201
  • Vancouver
  • British Columbia
  • V6E 3Z3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGLDTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 2003
D3SDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2003
CGLD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2003

Biography

Core Gold Inc. engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador. The company explores for gold, copper, and silver deposits. Its principal property is the Dynasty Goldfield project that includes 52 concessions covering an area of 970 sq. km located in Loja Province. The company was formerly known as Dynasty Metals and Mining Inc. and changed its name to Core Gold Inc. in September 2017.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:26
End of Day Share Price2020/03/30 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.