AIM:JAY

Stock Analysis Report

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Executive Summary

Bluejay Mining plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in the United Kingdom, Greenland, and Finland. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

How has Bluejay Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JAY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: JAY's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

4.8%

JAY

5.0%

GB Metals and Mining

-0.3%

GB Market


1 Year Return

12.6%

JAY

12.8%

GB Metals and Mining

-11.0%

GB Market

Return vs Industry: JAY underperformed the UK Metals and Mining industry which returned 14% over the past year.

Return vs Market: JAY exceeded the UK Market which returned -10% over the past year.


Shareholder returns

JAYIndustryMarket
7 Day4.8%5.0%-0.3%
30 Day10.0%12.1%10.2%
90 Day32.4%9.5%6.4%
1 Year12.6%12.6%18.3%12.8%-7.4%-11.0%
3 Year-54.2%-54.2%41.2%18.5%0.9%-11.5%
5 Year1,900.0%1,900.0%222.1%144.4%26.5%-2.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bluejay Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JAY (£0.11) is trading below our estimate of fair value (£0.86)

Significantly Below Fair Value: JAY is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: JAY is overvalued based on its PB Ratio (3x) compared to the GB Metals and Mining industry average (1.7x).


Next Steps

Future Growth

How is Bluejay Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

89.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JAY's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if JAY's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JAY is forecast to have no revenue next year.

High Growth Revenue: JAY is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JAY is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Bluejay Mining performed over the past 5 years?

-37.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JAY is currently unprofitable.

Growing Profit Margin: JAY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JAY is unprofitable, and losses have increased over the past 5 years at a rate of 37.5% per year.

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

Earnings vs Industry: JAY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-21.7%).


Return on Equity

High ROE: JAY has a negative Return on Equity (-7.79%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bluejay Mining's financial position?


Financial Position Analysis

Short Term Liabilities: JAY's short term assets (£8.8M) exceed its short term liabilities (£266.5K).

Long Term Liabilities: JAY's short term assets (£8.8M) exceed its long term liabilities (£558.3K).


Debt to Equity History and Analysis

Debt Level: JAY is debt free.

Reducing Debt: JAY has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.


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: JAY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: JAY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.6% each year


Next Steps

Dividend

What is Bluejay Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Rod McIllree (45 yo)

5.33yrs

Tenure

UK£58,755

Compensation

Mr. Roderick Claude McIllree, also known as Rod, B.Sc., MAusIMM, has been the Chief Executive Officer at Bluejay Mining plc since July 22, 2015 and its Director since December 08, 2015. Mr. McIllree served...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD78.33K) is below average for companies of similar size in the UK market ($USD345.93K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Roderick McIllree
CEO & Director5.33yrsUK£58.76k9.74%
£ 10.8m
Bo Stensgaard
COO & Executive Director1.25yrsUK£113.44kno data
Hans Jensen
Managing Director of Dundas Titanium A/S2.83yrsno datano data
Jeremy Whybrow
Exploration Managerno datano data2.82%
£ 3.1m
Eric Sondergaard
Manager of Geology3.83yrsno datano data
Thomas Levin
Chief Operating Officer of Finland1.75yrsno datano data
Urpo Kuronen
Chief Operating Officer of FinnAust Minning Finland Oy7yrsno datano data

3.8yrs

Average Tenure

45yo

Average Age

Experienced Management: JAY's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roderick McIllree
CEO & Director5.33yrsUK£58.76k9.74%
£ 10.8m
Bo Stensgaard
COO & Executive Director1.25yrsUK£113.44kno data
Michael Hutchinson
Independent Non-Executive Chairman3.17yrsUK£25.00kno data
Peter Waugh
Independent Non-Executive Director3.42yrsUK£24.49k0.014%
£ 16.0k
Ian Henderson
Independent Non-Executive Director2.25yrsUK£50.00kno data

3.2yrs

Average Tenure

64yo

Average Age

Experienced Board: JAY's board of directors are considered experienced (3.2 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 4.5%.


Top Shareholders

Company Information

Bluejay Mining plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bluejay Mining plc
  • Ticker: JAY
  • Exchange: AIM
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£110.766m
  • Shares outstanding: 971.63m
  • Website: https://www.bluejaymining.com

Number of Employees


Location

  • Bluejay Mining plc
  • 7-9 Swallow Street
  • 2nd Floor
  • London
  • Greater London
  • W1B 4DE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JAYAIM (London Stock Exchange AIM Market)YesNew Ordinary SharesGBGBPDec 2013
S5WADB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURDec 2013
BLLY.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDDec 2013

Biography

Bluejay Mining plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in the United Kingdom, Greenland, and Finland. The company explores for ilmenite, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:11
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.