OM:COPP B

Stock Analysis Report

Copperstone Resources

Executive Summary

Copperstone Resources AB identifies, acquires, explores for, and develops base and precious metal resources in Sweden.


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.0%

COPP B

-1.5%

SE Metals and Mining

0.4%

SE Market


1 Year Return

-28.0%

COPP B

-2.2%

SE Metals and Mining

21.6%

SE Market

Return vs Industry: COPP B underperformed the Swedish Metals and Mining industry which returned -0.3% over the past year.

Return vs Market: COPP B underperformed the Swedish Market which returned 22.2% over the past year.


Shareholder returns

COPP BIndustryMarket
7 Day2.0%-1.5%0.4%
30 Day-5.8%-6.5%2.7%
90 Day7.8%-5.0%10.1%
1 Year-27.2%-28.0%1.3%-2.2%26.5%21.6%
3 Year-19.4%-20.3%-9.0%-16.1%37.4%16.7%
5 Year168.6%138.7%13.5%0.2%46.5%15.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: COPP B is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COPP B is good value based on its PB Ratio (1.1x) compared to the SE Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

64.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COPP B is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: COPP B is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: COPP B is forecast to remain unprofitable over the next 3 years.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Copperstone Resources performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COPP B is currently unprofitable.

Growing Profit Margin: COPP B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COPP B is unprofitable, but has reduced losses over the past 5 years at a rate of 16.5% per year.

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

Earnings vs Industry: COPP B is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16.2%).


Return on Equity

High ROE: COPP B has a negative Return on Equity (-6.4%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Copperstone Resources's financial position?


Financial Position Analysis

Short Term Liabilities: COPP B's short term assets (SEK7.8M) do not cover its short term liabilities (SEK17.3M).

Long Term Liabilities: COPP B's short term assets (SEK7.8M) do not cover its long term liabilities (SEK90.4M).


Debt to Equity History and Analysis

Debt Level: COPP B's debt to equity ratio (51.7%) is considered high.

Reducing Debt: COPP B's debt to equity ratio has increased from 0.5% to 51.7% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: COPP B's debt is not covered by short term assets (assets are 0.1x 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: COPP B has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: COPP B has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.3%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

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

1.2yrs

Average board tenure


CEO

Michael Mattsson (46yo)

1.2yrs

Tenure

kr75,000

Compensation

Mr. Michael Mattsson serves as Director at Net Trading Group NTG AB. Mr. Mattsson served as Director of Endomines AB (publ) since April 2017 until 2019. He served as a Director of Savosolar Oyj from May 20 ...


Board Members

NamePositionTenureCompensationOwnership
Michael Mattsson
Director & CEO1.2yrskr75.00k2.8% SEK8.6m
Ann Littorin
Chairman of the Board1.2yrsno datano data
Malcolm Norris
Director1.3yrsno datano data
Sven-erik Bucht
Director0.8yrsno datano data
Gregory Hall
Director0.8yrsno datano data

1.2yrs

Average Tenure

Experienced Board: COPP B's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: COPP B insiders have bought more shares than they have sold 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 25.1%.


Top Shareholders

Company Information

Copperstone Resources AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Copperstone Resources AB
  • Ticker: COPP B
  • Exchange: OM
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: kr305.325m
  • Shares outstanding: 589.43m
  • Website: https://www.copperstone.se

Location

  • Copperstone Resources AB
  • Sword Road 21
  • Danderyd
  • Stockholm County
  • 182 33
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COPP BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKFeb 2007
5KPDB (Deutsche Boerse AG)YesClass B SharesDEEURFeb 2007
0G3LLSE (London Stock Exchange)YesClass B SharesGBSEKFeb 2007

Biography

Copperstone Resources AB identifies, acquires, explores for, and develops base and precious metal resources in Sweden. It holds 100% interests in the Copperstone project located on the southeast of Arvidsjaur; and the Viscaria Copper project located in the Kiruna region. The company was formerly known as Kopparberg Mineral AB (publ) and changed its name to Copperstone Resources AB (publ) in February 2015. Copperstone Resources AB (publ) was founded in 2006 and is based in Danderyd, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 21:29
End of Day Share Price2020/02/19 00:00
Earnings2019/06/30
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.