AIM:CNR

Stock Analysis Report

Executive Summary

Condor Gold Plc, together with its subsidiaries, engages in the exploration of gold and silver properties in Nicaragua.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CNR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CNR

4.3%

GB Metals and Mining

1.4%

GB Market


1 Year Return

-17.3%

CNR

15.9%

GB Metals and Mining

12.4%

GB Market

Return vs Industry: CNR underperformed the UK Metals and Mining industry which returned 13.5% over the past year.

Return vs Market: CNR underperformed the UK Market which returned 12.7% over the past year.


Shareholder returns

CNRIndustryMarket
7 Day0%4.3%1.4%
30 Day13.2%5.7%1.8%
90 Day-6.5%17.1%8.8%
1 Year-17.3%-17.3%25.8%15.9%18.3%12.4%
3 Year-62.6%-62.6%48.9%24.6%23.8%8.0%
5 Year-68.0%-68.0%102.2%55.0%41.8%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CNR is good value based on its PB Ratio (0.8x) compared to the GB Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

-0.7%

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 Condor 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 Condor Gold performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNR is currently unprofitable.

Growing Profit Margin: CNR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CNR is unprofitable, but has reduced losses over the past 5 years at a rate of 10.4% per year.

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

Earnings vs Industry: CNR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7%).


Return on Equity

High ROE: CNR has a negative Return on Equity (-6.37%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Condor Gold's financial position?


Financial Position Analysis

Short Term Liabilities: CNR's short term assets (£4.0M) exceed its short term liabilities (£155.7K).

Long Term Liabilities: CNR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CNR is debt free.

Reducing Debt: CNR has not had any debt for past 5 years.


Balance Sheet

Inventory Level: CNR has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CNR's debt is covered by short term assets.


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: CNR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CNR has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 8.4% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.0%industryaverage6.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

What is the CEO of Condor Gold's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average management tenure


CEO

Mark Child (57yo)

8.5yrs

Tenure

UK£210,900

Compensation

Mr. Mark Lucian Child has been an Executive Chairman of Condor Gold Plc since July 13, 2011 and serves as its Chief Executive Officer. Mr. Child served as the Chief Executive Officer of Condor Gold Plc sin ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD274.23K) is about average for companies of similar size in the UK market ($USD326.78K).

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


Management Age and Tenure

6.1yrs

Average Tenure

Experienced Management: CNR's management team is seasoned and experienced (6.1 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: CNR's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£11,50028 Aug 19
James Mellon
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares50,000
Max PriceUK£0.23
BuyUK£11,50023 Aug 19
James Mellon
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares50,000
Max PriceUK£0.23
BuyUK£14,89520 Aug 19
James Mellon
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares65,042
Max PriceUK£0.23
BuyUK£113,35419 Aug 19
James Mellon
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares495,000
Max PriceUK£0.23
BuyUK£1,902,61806 Aug 19
James Mellon
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares9,956,395
Max PriceUK£0.21
BuyUK£3,06316 Jul 19
Andrew Cheatle
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares25,000
Max PriceUK£0.12
BuyUK£5,00015 Jul 19
Jeffrey Karoly
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares25,000
Max PriceUK£0.20
BuyUK£10,00015 Jul 19
Mark Child
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares50,000
Max PriceUK£0.20
BuyUK£6,00005 Feb 19
Andrew Cheatle
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares30,000
Max PriceUK£0.20
BuyUK£5,00004 Feb 19
Jeffrey Karoly
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares25,000
Max PriceUK£0.20
BuyUK£8,33304 Feb 19
Mark Child
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares41,667
Max PriceUK£0.20

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Management Team

  • Mark Child (57yo)

    Executive Chairman & CEO

    • Tenure: 8.5yrs
    • Compensation: UK£210.90k
  • Jeffrey Karoly (51yo)

    Chief Financial Officer

    • Tenure: 2.2yrs
    • Compensation: UK£70.24k
  • Dave Crawford

    Chief Technical Officer

    • Erik Perez

      Chief Financial Officer of Nicaraguan & El Salvadoran

      • Tenure: 6.1yrs
    • Irene Chow

      Chief Environmental Officer

      • Tenure: 6.8yrs
    • Silvia Perez

      Health & Safety and Human Resources Officer

      • Mario E. Castillo

        Manager of Administration & Logistics

        • Tenure: 2yrs

      Board Members

      • Mark Child (57yo)

        Executive Chairman & CEO

        • Tenure: 8.5yrs
        • Compensation: UK£210.90k
      • Jim Mellon (62yo)

        Lead Independent Director

        • Compensation: UK£31.08k
      • Ian Stalker (68yo)

        Non-Executive Director

        • Tenure: 0.2yrs
      • Kate Harcourt (54yo)

        Non-Executive Director

        • Tenure: 4.8yrs
        • Compensation: UK£31.08k
      • Andrew Cheatle (56yo)

        Non-Executive Director

        • Tenure: 2yrs
        • Compensation: UK£43.44k

      Company Information

      Condor Gold Plc's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Condor Gold Plc
      • Ticker: CNR
      • Exchange: AIM
      • Founded: 2005
      • Industry: Gold
      • Sector: Materials
      • Market Cap: UK£20.353m
      • Shares outstanding: 94.66m
      • Website: https://www.condorgold.com

      Number of Employees


      Location

      • Condor Gold Plc
      • 22a St James's Square
      • London
      • Greater London
      • SW1Y 4JH
      • United Kingdom

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      CNRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2006
      W5XADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2006
      CNDG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2006
      COGTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADMay 2006

      Biography

      Condor Gold Plc, together with its subsidiaries, engages in the exploration of gold and silver properties in Nicaragua. It owns a 100% interest in the La India project that comprises 11 contiguous and adjacent concessions covering an area of 456 square kilometers located in the La India Gold Mining District, Nicaragua. The company also holds 100% interests in Rio Luna concession covering an area of 43 square kilometers located in Central Highlands, Nicaragua; Estrella concession covering an area of 18 square kilometers located in southwest of Siuna, Nicaragua; and Potrerillos concession covering an area of 12 square kilometers located in Nicaragua. The company was incorporated in 2005 and is headquartered in London, the United Kingdom. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/19 21:06
      End of Day Share Price2020/01/17 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.