OTCPK:ERVF.F

Stock Analysis Report

Executive Summary

Erin Ventures Inc. engages in the acquisition, exploration, and development of mineral properties.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Erin Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ERVF.F

2.1%

US Metals and Mining

-1.1%

US Market


1 Year Return

-60.7%

ERVF.F

-2.3%

US Metals and Mining

17.8%

US Market

Return vs Industry: ERVF.F underperformed the US Metals and Mining industry which returned -2.3% over the past year.

Return vs Market: ERVF.F underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

ERVF.FIndustryMarket
7 Day0%2.1%-1.1%
30 Day-1.7%-1.3%1.5%
90 Dayn/a0.3%6.6%
1 Year-60.7%-60.7%0.2%-2.3%20.2%17.8%
3 Year-85.2%-85.2%-0.4%-5.8%47.5%38.1%
5 Year-85.0%-85.0%21.0%11.6%71.2%52.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Erin Ventures undervalued compared to its fair value and its price relative to the market?

0.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: ERVF.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 ERVF.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ERVF.F is good value based on its PB Ratio (0.4x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

13.3%

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 Erin Ventures 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 ERVF.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 Erin Ventures's filings and announcements here.
  • Explore growth companies in the Materials industry.

Past Performance

How has Erin Ventures performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ERVF.F is currently unprofitable.

Growing Profit Margin: ERVF.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ERVF.F is unprofitable, but has reduced losses over the past 5 years at a rate of 15.4% per year.

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

Earnings vs Industry: ERVF.F 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: ERVF.F has a negative Return on Equity (-11.7%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Erin Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: ERVF.F's short term assets (CA$218.5K) do not cover its short term liabilities (CA$413.1K).

Long Term Liabilities: ERVF.F's short term assets (CA$218.5K) do not cover its long term liabilities (CA$330.4K).


Debt to Equity History and Analysis

Debt Level: ERVF.F's debt to equity ratio (3.7%) is considered satisfactory.

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


Balance Sheet

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

Debt Coverage by Assets: ERVF.F's debt is not covered by short term assets (assets are 0.7x 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: ERVF.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ERVF.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.4% each year.


Next Steps

Dividend

What is Erin Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if ERVF.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 ERVF.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?

10.0yrs

Average management tenure


CEO

Tim Daniels 0

24.3yrs

Tenure

CA$117,839

Compensation

Mr. Timothy Daniels, also known as Tim, B.Comm., has been the Chief Executive Officer and President at Erin Ventures Inc. since November 9, 1995 and also serves as its Secretary and Treasurer. Mr. Daniels  ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD521.92K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Daniels
President24.3yrsCA$117.84k7.51% CA$230.8k
Blake Fallis
GM & CFO10yrsCA$108.00k0.99% CA$30.5k
James Wallis
Manager of Mining Operations & Director5.3yrsno data0.23% CA$7.1k
Mani Chopra
Consultant0yrsno datano data
Vladimir Mihajlovic
Consultant0yrsno datano data
Nemanja Smiljanic
Consultant0yrsno datano data

10.0yrs

Average Tenure

Experienced Management: ERVF.F's management team is seasoned and experienced (10 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Daniels
President24.3yrsCA$117.84k7.51% CA$230.8k
James Wallis
Manager of Mining Operations & Director5.3yrsno data0.23% CA$7.1k
Vladan Milosevic
Independent Director6.8yrsno datano data
Dusan Podunavac
Independent Director1.1yrsno datano data

6.1yrs

Average Tenure

Experienced Board: ERVF.F's board of directors are considered experienced (6.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.8%.


Top Shareholders

Company Information

Erin Ventures Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Erin Ventures Inc.
  • Ticker: ERVF.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.060m
  • Listing Market Cap: CA$3.072m
  • Shares outstanding: 90.21m
  • Website: https://www.erinventures.com

Location

  • Erin Ventures Inc.
  • 645 Fort Street
  • Suite 203
  • Victoria
  • British Columbia
  • V8W 1G2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 1994
ERVF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1994
EKVDB (Deutsche Boerse AG)YesCommon SharesDECADNov 1994
0UUJLSE (London Stock Exchange)YesCommon SharesGBCADNov 1994

Biography

Erin Ventures Inc. engages in the acquisition, exploration, and development of mineral properties. It holds interests in the Piskanja project covering an area of approximately 3 square kilometers of area located to the south of Belgrade, Serbia; and Yukon Property located in Canada. The company was incorporated in 1993 and is based in Victoria, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 02:30
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


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.