DB:GOJ1

Stock Analysis Report

Goldrea Resources

Executive Summary

Goldrea Resources Corp. acquires, explores for, and develops mineral properties in Canada and the United States.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Goldrea Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GOJ1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-68.5%

GOJ1

14.8%

DE Metals and Mining

7.3%

DE Market


1 Year Return

-71.7%

GOJ1

-51.9%

DE Metals and Mining

-17.7%

DE Market

Return vs Industry: GOJ1 underperformed the German Metals and Mining industry which returned -51.9% over the past year.

Return vs Market: GOJ1 underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

GOJ1IndustryMarket
7 Day-68.5%14.8%7.3%
30 Day-37.0%-34.7%-17.9%
90 Day-72.6%-51.0%-25.8%
1 Year-71.7%-71.7%-51.5%-51.9%-15.1%-17.7%
3 Year-22.7%-22.7%-69.7%-70.7%-18.7%-25.6%
5 Year-15.0%-15.0%-69.6%-71.1%-17.7%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Goldrea Resources undervalued compared to its fair value and its price relative to the market?

10.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GOJ1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GOJ1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GOJ1 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: GOJ1 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 GOJ1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GOJ1 is overvalued based on its PB Ratio (5.7x) compared to the DE Metals and Mining industry average (2x).


Next Steps

Future Growth

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

10.5%

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 Goldrea 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.


Next Steps

Past Performance

How has Goldrea Resources performed over the past 5 years?

-2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOJ1 is currently unprofitable.

Growing Profit Margin: GOJ1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GOJ1 is unprofitable, and losses have increased over the past 5 years at a rate of -2.4% per year.

Accelerating Growth: Unable to compare GOJ1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GOJ1 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: GOJ1 has a negative Return on Equity (-822.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is Goldrea Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GOJ1's short term assets (CA$18.2K) do not cover its short term liabilities (CA$202.8K).

Long Term Liabilities: GOJ1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GOJ1's debt to equity ratio (39.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GOJ1's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: GOJ1 has a high level of physical assets or inventory.

Debt Coverage by Assets: GOJ1's debt is not covered by short term assets (assets are 0.5x 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: GOJ1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GOJ1 has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GOJ1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GOJ1'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 GOJ1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GOJ1'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 GOJ1'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?

6.3yrs

Average board tenure


CEO

Jim Elbert

7.67s

Tenure

CA$78,000

Compensation

Mr. James Elbert, also known as Jim, has been the Chief Executive Officer and President for Goldrea Resources Corp. since July 9, 2012. Mr. Elbert was Interim Chief Executive Officer and Director of Electr ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD432.27K).

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


Board Members

NamePositionTenureCompensationOwnership
James Elbert
President7.67yrsCA$78.00k3.85% CA$26.2k
Larry Reaugh
Independent Director39yrsno datano data
Allan Eratie
Director4.92yrsno data0.58% CA$4.0k
John Abu-Ulba
Director0.92yrno datano data

6.3yrs

Average Tenure

Experienced Board: GOJ1's board of directors are considered experienced (6.3 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 diluted in the past year, with total shares outstanding growing by 15.6%.


Top Shareholders

Company Information

Goldrea Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldrea Resources Corp.
  • Ticker: GOJ1
  • Exchange: DB
  • Founded: 1981
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$754.343k
  • Listing Market Cap: US$680.342k
  • Shares outstanding: 42.14m
  • Website: https://www.goldrea.com

Location

  • Goldrea Resources Corp.
  • 543 Granville Street
  • 5th Floor
  • Vancouver
  • British Columbia
  • V6C 1X8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GORCNSX (Canadian National Stock Exchange)YesCommon SharesCACADSep 1988
GOJ1DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
GORA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Goldrea Resources Corp. acquires, explores for, and develops mineral properties in Canada and the United States. It explores for gold, copper, silver, platinum, palladium, molybdenum, iron, and other metal deposits. The company owns interests in the Cannonball property covering an area of 1,490 hectares located in northwestern British Columbia; Gaspe lithium property located to the northwest of the city of Gaspe, Quebec; and Adjacent property totaling an area of 17.75 hectares located in northwestern British Columbia. Goldrea Resources Corp. was incorporated in 1981 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 20:33
End of Day Share Price2020/03/27 00:00
Earnings2019/10/31
Annual Earnings2019/07/31


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.