OTCPK:BFGC

Stock Analysis Report

Executive Summary

Bullfrog Gold Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in the United States.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.1%

BFGC

-4.9%

US Metals and Mining

-7.6%

US Market


1 Year Return

58.5%

BFGC

-4.8%

US Metals and Mining

10.2%

US Market

Return vs Industry: BFGC exceeded the US Metals and Mining industry which returned -4.8% over the past year.

Return vs Market: BFGC exceeded the US Market which returned 10.2% over the past year.


Shareholder returns

BFGCIndustryMarket
7 Day-5.1%-4.9%-7.6%
30 Day0%-4.3%-4.5%
90 Day7.0%-5.5%-0.6%
1 Year58.5%58.5%-2.3%-4.8%12.5%10.2%
3 Year37.1%37.1%-4.2%-9.3%37.1%28.3%
5 Year828.6%828.6%17.9%8.7%60.8%43.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Bullfrog Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Bullfrog Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of BFGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Bullfrog Gold regulatory filings and announcements here.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

12.4%

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 Bullfrog 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

  • Take a look at our analysis of BFGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Bullfrog Gold's filings and announcements here.
  • Explore growth companies in the Materials industry.

Past Performance

How has Bullfrog Gold performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFGC is currently unprofitable.

Growing Profit Margin: BFGC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BFGC is unprofitable, but has reduced losses over the past 5 years at a rate of 7.2% per year.

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

Earnings vs Industry: BFGC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-32.4%).


Return on Equity

High ROE: BFGC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Bullfrog Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BFGC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BFGC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BFGC is debt free.

Reducing Debt: BFGC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BFGC'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: BFGC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BFGC has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Dave Beling (77yo)

8.6yrs

Tenure

US$123,000

Compensation

Mr. David C. Beling, also known as Dave, P.Eng, P.E, B.Sc. (Mining Engineering) has been the Chief Executive officer, President at Bullfrog Gold Corporation since July 27, 2011. He served as Treasurer at B ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD123.00K) is below average for companies of similar size in the US market ($USD529.87K).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Beling
President8.6yrsUS$123.00k18.89% $3.8m
Tyler Minnick
Chief Financial Officer0.8yrsno data0.065% $13.0k
Clive Bailey
Lead Geological Consultant3.4yrsno datano data
Joseph Wilkins
Senior Geological Advisor0yrsno datano data

3.4yrs

Average Tenure

77yo

Average Age

Experienced Management: BFGC's management team is considered experienced (3.4 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 15.8%.


Top Shareholders

Company Information

Bullfrog Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bullfrog Gold Corp.
  • Ticker: BFGC
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$19.882m
  • Shares outstanding: 152.94m
  • Website: https://bullfroggold.com

Number of Employees


Location

  • Bullfrog Gold Corp.
  • 897 Quail Run Drive
  • Grand Junction
  • Colorado
  • 81505
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFGCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2011
BFGCNSX (Canadian National Stock Exchange)YesCommon StockCACADOct 2011

Biography

Bullfrog Gold Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in the United States. It primarily explores for gold, silver, and other metals. The company holds interests in the Bullfrog gold project that consists of 79 lode claims and 2 patented claims covering an area of approximately 1,600 acres located to the northwest of Las Vegas, Nevada. It also owns, controls, or has acquired mineral rights on State lands, private lands, and Federal patented and unpatented mining claims in the state of Nevada for the purpose of exploration and potential development of metals on a total of approximately 4,790 acres of land. The company was formerly known as Kopr Resources Corp. and changed its name to Bullfrog Gold Corp. in July 2011. Bullfrog Gold Corp. was incorporated in 2007 and is headquartered in Grand Junction, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:50
End of Day Share Price2020/02/26 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.