Kopy Goldfields (OM:KOPY) - Share price, News & Analysis

KOPY fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

KOPY Stock Overview

Kopy Goldfields AB (publ) operates as a gold exploration and production company in Sweden.

Risk Analysis

Profit margins (3.7%) are lower than last year (24.3%)

Does not have a meaningful market cap (SEK594M)

Kopy Goldfields Competitors

Auriant Mining

OM:AUR

kr161.0m

Sotkamo Silver

NGM:SOSI

kr292.5m

Polygiene Group

OM:POLYG

kr510.6m

ProfilGruppen

OM:PROF B

kr1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Kopy Goldfields
Historical stock prices
Current Share Price	kr0.66
52 Week High	kr2.75
52 Week Low	kr0.60
Beta	0
1 Month Change	-4.36%
3 Month Change	-15.64%
1 Year Change	-67.35%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-74.60%

Shareholder Returns

	KOPY	SE Metals and Mining	SE Market
7D	-5.3%	-4.9%	-1.3%
1Y	-67.3%	0.4%	-23.6%

Return vs Industry: KOPY underperformed the Swedish Metals and Mining industry which returned 0.4% over the past year.

Return vs Market: KOPY underperformed the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is KOPY's price volatile compared to industry and market?
KOPY volatility
KOPY Average Weekly Movement	6.9%
Metals and Mining Industry Average Movement	7.7%
Market Average Movement	7.4%
10% most volatile stocks in SE Market	12.2%
10% least volatile stocks in SE Market	4.7%

Stable Share Price: KOPY is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KOPY's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	732	Mikhail Damrin	https://www.kopygoldfields.com

Kopy Goldfields AB (publ) operates as a gold exploration and production company in Sweden. The company focuses on the exploration, evaluation, and production of gold and silver deposits in the Khabarovsk region and Bodaibo district of the Irkutsk region of Russia. It holds interests in the Krasny gold project comprising two bedrock licenses and one alluvial gold license located in the Irkutsk region of Russia.

Kopy Goldfields Fundamentals Summary

How do Kopy Goldfields's earnings and revenue compare to its market cap?
KOPY fundamental statistics
Market Cap	US$58.69m
Earnings (TTM)	US$3.55m
Revenue (TTM)	US$95.87m

16.6x

P/E Ratio

0.6x

P/S Ratio

Is KOPY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOPY income statement (TTM)
Revenue	US$95.87m
Cost of Revenue	US$58.29m
Gross Profit	US$37.58m
Other Expenses	US$34.03m
Earnings	US$3.55m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)	0.0039
Gross Margin	39.19%
Net Profit Margin	3.70%
Debt/Equity Ratio	39.6%

How did KOPY perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is KOPY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KOPY?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for KOPY. This is calculated by dividing KOPY's market cap by their current preferred multiple.
What is KOPY's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$58.69m

KOPY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	3.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does KOPY's PE Ratio compare to its peers?

KOPY PE Ratio vs Peers

The above table shows the PE ratio for KOPY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	20.8x
AUR Auriant Mining	1.6x	42.6%	kr161.0m
SOSI Sotkamo Silver	65x	30.5%	kr292.5m
POLYG Polygiene Group	8.2x	5.8%	kr510.6m
PROF B ProfilGruppen	8.2x	n/a	kr1.1b
KOPY Kopy Goldfields	16.6x	n/a	kr594.3m

Forward PE

Price-To-Earnings vs Peers: KOPY is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

How does KOPY's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Earnings vs Industry: KOPY is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the Swedish Metals and Mining industry average (13.1x)

Price to Earnings Ratio vs Fair Ratio

What is KOPY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KOPY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KOPY's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of KOPY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate KOPY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KOPY's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-23.4%

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 Kopy Goldfields 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.

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Examine Kopy Goldfields's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Kopy Goldfields competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Kopy Goldfields performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

52.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KOPY has high quality earnings.

Growing Profit Margin: KOPY's current net profit margins (3.7%) are lower than last year (24.3%).

Past Earnings Growth Analysis

Earnings Trend: KOPY has become profitable over the past 5 years, growing earnings by 52.9% per year.

Accelerating Growth: KOPY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KOPY had negative earnings growth (-84.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (171.9%).

Return on Equity

High ROE: KOPY's Return on Equity (3.6%) is considered low.

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Financial Health

How is Kopy Goldfields's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: KOPY's short term assets ($72.4M) exceed its short term liabilities ($21.0M).

Long Term Liabilities: KOPY's short term assets ($72.4M) exceed its long term liabilities ($70.0M).

Debt to Equity History and Analysis

Debt Level: KOPY's net debt to equity ratio (35.9%) is considered satisfactory.

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

Debt Coverage: KOPY's debt is well covered by operating cash flow (33.6%).

Interest Coverage: KOPY's interest payments on its debt are not well covered by EBIT (1.3x coverage).

Balance Sheet

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Dividend

What is Kopy Goldfields's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if KOPY's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KOPY has not reported any payouts.

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Management

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

3.1yrs

Average management tenure

CEO

Mikhail Damrin (51 yo)

13.42yrs

Tenure

US$279,138

Compensation

Mr. Mikhail Damrin has been the Chief Executive Officer and President of Kopy Goldfields AB (publ) since 2009 and served as its Managing Director. Mr. Damrin is a Partner of Amur Gold LLC. Mr. Damrin serve...

CEO Compensation Analysis

Compensation vs Market: Mikhail's total compensation ($USD279.14K) is about average for companies of similar size in the Swedish market ($USD233.45K).

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

Leadership Team

Experienced Management: KOPY's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: KOPY's board of directors are not considered experienced ( 2.4 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: 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31