OTCPK:COBC.F

Stock Analysis Report

Executive Summary

Cobalt Blockchain Inc. operates as a mineral exploration and development company in the Democratic Republic of the Congo.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Cobalt Blockchain is not covered by any analysts.

Share Price & News

How has Cobalt Blockchain's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.4%

OTCPK:COBC.F

-0.4%

US Metals and Mining

0.8%

US Market


1 Year Return

-52.2%

OTCPK:COBC.F

-16.8%

US Metals and Mining

4.8%

US Market

COBC.F underperformed the Metals and Mining industry which returned -16.9% over the past year.

COBC.F underperformed the Market in United States of America which returned 4.7% over the past year.


Share holder returns

COBC.FIndustryMarket
7 Day-8.4%-0.4%0.8%
30 Day-5.7%5.8%4.3%
90 Day-8.3%-3.7%2.8%
1 Year-52.2%-52.2%-14.5%-16.8%7.1%4.8%
3 Yearn/a3.8%-1.4%47.6%37.9%
5 Yearn/a-12.1%-18.6%61.5%43.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Cobalt Blockchain undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Cobalt Blockchain is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cobalt Blockchain 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 COBC.F’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 size of the opportunity, the company's ability to deliver and scale, and the strength 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 Cobalt Blockchain regulatory filings here.
  • Explore potentially undervalued companies in the materials industry.

Future Growth

How is Cobalt Blockchain expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.6%

Forecasted Metals and Mining 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 Cobalt Blockchain 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 COBC.F’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 Cobalt Blockchain's filings and announcements here.
  • Explore growth companies in the materials industry.

Past Performance

How has Cobalt Blockchain performed over the past 5 years?

-79.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cobalt Blockchain does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Cobalt Blockchain's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Cobalt Blockchain's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Cobalt Blockchain has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Cobalt Blockchain has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Cobalt Blockchain improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Cobalt Blockchain's financial position?


Financial Position Analysis

Cobalt Blockchain's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Cobalt Blockchain has no long term commitments.


Debt to Equity History and Analysis

Cobalt Blockchain has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Cobalt Blockchain's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Cobalt Blockchain has negative shareholder equity (liabilities exceed assets) therefore debt is not 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.

Cobalt Blockchain has less than a year of cash runway based on current free cash flow.

Cobalt Blockchain has less than a year of cash runway if free cash flow continues to grow at historical rates of 98.1% each year.


Next Steps

Dividend

What is Cobalt Blockchain's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Cobalt Blockchain's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cobalt Blockchain's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cobalt Blockchain has not reported any payouts.

Unable to verify if Cobalt Blockchain's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cobalt Blockchain has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Peter Hooper (76yo)

CA$110,000

Compensation

Mr. Peter J. M. Hooper, B.Sc., P.Eng., P.Geo., served as an Executive Officer of CIC Mining Resources Ltd. Mr. Hooper served as the Chief Executive Officer and President of Macusani Yellowcake Inc. until J ...


CEO Compensation Analysis

Peter's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Peter to compare compensation growth.


Management Age and Tenure

1.3yrs

Average Tenure

76yo

Average Age

The average tenure for the Cobalt Blockchain management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

76yo

Average Age

The average tenure for the Cobalt Blockchain board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

BuyUS$239,67811 Mar 19
William White
EntityIndividual
Shares2,146,667
Max PriceUS$0.11
SellUS$2,05528 Dec 18
Yves Kabongo
EntityIndividual
Shares25,000
Max PriceUS$0.082
SellUS$3,36322 Oct 18
Yves Kabongo
EntityIndividual
Shares30,000
Max PriceUS$0.11

Ownership Breakdown


Management Team

  • Jim Blake (77yo)

    Chairman & Corporate Secretary

    • Tenure: 1.3yrs
  • Peter Hooper (76yo)

    CEO & Director

    • Compensation: CA$110.00k
  • Philip Gibbs (65yo)

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: CA$40.00k
  • Lance Hooper

    President

    • Compensation: CA$110.00k
  • Bill Nielsen

    Vice-President of Exploration

    • Tenure: 1.3yrs

Board Members

  • Jim Blake (77yo)

    Chairman & Corporate Secretary

    • Tenure: 1.3yrs
  • Patricia Mannard (56yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: CA$47.50k
  • Peter Hooper (76yo)

    CEO & Director

    • Tenure: 1.6yrs
    • Compensation: CA$110.00k
  • Sam Peralta

    Independent Director

    • Tenure: 3.2yrs
  • Michael Cachia

    Independent Director

    • Tenure: 3.8yrs
  • Lance Hooper

    President

    • Tenure: 1.6yrs
    • Compensation: CA$110.00k

Company Information

Cobalt Blockchain Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cobalt Blockchain Inc.
  • Ticker: COBC.F
  • Exchange: OTCPK
  • Founded:
  • Industry: diversified metals and mining
  • Sector: materials
  • Market Cap: CA$11.384m
  • Listing Market Cap: CA$8.729m
  • Shares outstanding: 175.14m
  • Website: Click here

Location

  • Cobalt Blockchain Inc.
  • 141 Adelaide Street West
  • Suite 340
  • Toronto
  • Ontario
  • M5H 3L5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COBCTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2000
COBC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2000

Biography

Cobalt Blockchain Inc. operates as a mineral exploration and development company in the Democratic Republic of the Congo. The company primarily explores for and trades in cobalt, copper, tin, tantalum, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/15 00:33
End of Day Share Price2019/07/10 00:00
Earnings2019/02/28
Annual Earnings2018/05/31


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.