OTCPK:COBC.F

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: COBC.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.9%

COBC.F

3.0%

US Metals and Mining

4.0%

US Market


1 Year Return

-45.6%

COBC.F

1.6%

US Metals and Mining

5.0%

US Market

Return vs Industry: COBC.F underperformed the US Metals and Mining industry which returned 1.6% over the past year.

Return vs Market: COBC.F underperformed the US Market which returned 4.9% over the past year.


Shareholder returns

COBC.FIndustryMarket
7 Day8.9%3.0%4.0%
30 Day22.7%0.7%-1.1%
90 Day23.7%29.6%21.1%
1 Year-45.6%-45.6%4.2%1.6%7.2%5.0%
3 Yearn/a10.4%3.2%36.0%27.1%
5 Year348.2%348.2%42.5%30.2%65.3%46.9%

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 compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: COBC.F ($0.04) is trading above our estimate of fair value ($0.01)

Significantly Below Fair Value: COBC.F is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: COBC.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COBC.F has negative assets, so we can't compare its PB Ratio to the US Metals and Mining industry average.


Next Steps

Future Growth

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

22.9%

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 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?

-42.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COBC.F is currently unprofitable.

Growing Profit Margin: COBC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COBC.F is unprofitable, and losses have increased over the past 5 years at a rate of -42.4% per year.

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

Earnings vs Industry: COBC.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.3%).


Return on Equity

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


Next Steps

Financial Health

How is Cobalt Blockchain's financial position?


Financial Position Analysis

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

Long Term Liabilities: COBC.F 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: COBC.F has negative shareholder equity, which is a more serious situation than a high debt level.

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


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: Whilst unprofitable COBC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: COBC.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 28% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if COBC.F'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 COBC.F'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?

2.3yrs

Average management tenure


CEO

Peter Hooper (77yo)

no data

Tenure

CA$110,000

Compensation

Mr. Peter J. M. Hooper, B.Sc., P.Eng., P.Geo., serves as Chief Executive Officer of Cobalt Blockchain Inc. and has been its Director since December 12, 2017. Mr. Hooper served as an Executive Officer of CI ...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD606.53K).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
H. Blake
Chairman & Corporate Secretary2.25yrsno data0.057% CA$3.3k
Peter Hooper
CEO & Directorno dataCA$110.00k4.02% CA$233.4k
Lance Hooper
President2.58yrsCA$110.00k1.81% CA$105.3k
Philip Gibbs
Chief Financial Officer2.25yrsCA$40.00kno data
F. Nielsen
Vice-President of Exploration2.25yrsno datano data

2.3yrs

Average Tenure

77yo

Average Age

Experienced Management: COBC.F's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
H. Blake
Chairman & Corporate Secretary2.25yrsno data0.057% CA$3.3k
Peter Hooper
CEO & Directorno dataCA$110.00k4.02% CA$233.4k
Lance Hooper
President2.58yrsCA$110.00k1.81% CA$105.3k
Patricia Mannard
Independent Director16.33yrsCA$47.50k1.32% CA$76.6k
Samuel Peralta
Independent Director4.17yrsno data0.86% CA$49.7k
Michael Cachia
Independent Director4.75yrsno data0.69% CA$39.8k

3.4yrs

Average Tenure

67yo

Average Age

Experienced Board: COBC.F's board of directors are 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: COBC.F insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$7.881m
  • Listing Market Cap: CA$5.806m
  • Shares outstanding: 175.14m
  • Website: https://www.cobaltblockchain.net

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 tungsten. It holds a 70% interest in 2 contiguous concessions that cover an area of 40.8 square kilometers located to east of Kolwezi; and 80% interest in 2 contiguous concessions covering an area of 7.6 square kilometers located in Lubumbashi. The company was formerly known as Peat Resources Limited and changed its name to Cobalt Blockchain Inc. in March 2018. Cobalt Blockchain Inc. is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 00:34
End of Day Share Price2020/07/02 00:00
Earnings2020/02/29
Annual Earnings2019/05/31


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.