OTCPK:GLBK.F

Stock Analysis Report

Executive Summary

Goldbank Mining Corporation engages in the exploration and development of mineral properties.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Goldbank Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

GLBK.F

11.6%

US Metals and Mining

12.5%

US Market


1 Year Return

n/a

GLBK.F

-29.3%

US Metals and Mining

-12.7%

US Market

Return vs Industry: Insufficient data to determine how GLBK.F performed against the US Metals and Mining industry.

Return vs Market: Insufficient data to determine how GLBK.F performed against the US Market.


Shareholder returns

GLBK.FIndustryMarket
7 Day0%11.6%12.5%
30 Day0%-18.7%-14.7%
90 Day0%-33.1%-21.5%
1 Yearn/a-27.3%-29.3%-10.9%-12.7%
3 Yearn/a-25.4%-29.6%12.6%5.4%
5 Yearn/a-6.3%-13.8%31.9%17.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Goldbank Mining undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Goldbank Mining is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Goldbank Mining 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 GLBK.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 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 Goldbank Mining regulatory filings and announcements here.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

10.3%

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 Goldbank Mining 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

Past Performance

How has Goldbank Mining performed over the past 5 years?

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLBK.F is currently unprofitable.

Growing Profit Margin: GLBK.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLBK.F is unprofitable, and losses have increased over the past 5 years at a rate of -10.2% per year.

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

Earnings vs Industry: GLBK.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (15.5%).


Return on Equity

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


Next Steps

Financial Health

How is Goldbank Mining's financial position?


Financial Position Analysis

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

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

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


Balance Sheet

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

Debt Coverage by Assets: GLBK.F 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.

Stable Cash Runway: GLBK.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GLBK.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31.7% each year


Next Steps

Dividend

What is Goldbank Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

10.3yrs

Average board tenure


CEO

Jim Boyce (67yo)

7.42s

Tenure

CA$72,000

Compensation

Mr. James Boyce, also known as Jim, has been the Chief Executive Officer and President of Goldbank Mining Corporation since September 28, 2012. Mr. Boyce has been the Chief Financial Officer and Director o ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD54.17K) is below average for companies of similar size in the US market ($USD520.57K).

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


Board Members

NamePositionTenureCompensationOwnership
James Boyce
President7.42yrsCA$72.00k9.46% CA$786.5k
Luis Botto
CFO & Director12.58yrsCA$7.21kno data
Barry Brown
Independent Director5yrsno datano data
Robert Addie
Independent Director11.33yrsno datano data

10.3yrs

Average Tenure

Experienced Board: GLBK.F's board of directors are seasoned and experienced ( 10.3 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 6.7%.


Top Shareholders

Company Information

Goldbank Mining Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldbank Mining Corporation
  • Ticker: GLBK.F
  • Exchange: OTCPK
  • Founded: 1967
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$11.049m
  • Listing Market Cap: CA$8.314m
  • Shares outstanding: 81.85m
  • Website: https://www.goldbankmining.com

Location

  • Goldbank Mining Corporation
  • 889 West Pender Street
  • Suite 702
  • Vancouver
  • British Columbia
  • V6C 3B2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLBTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1988
GLBK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1988

Biography

Goldbank Mining Corporation engages in the exploration and development of mineral properties. It primarily explores for gold deposits. The company primarily holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties in the Klondike region of the Yukon territories. It also has a 100% interest in the Hasenfuss Quartz mineral claims located in the Klondike region. The company was formerly known as Ballad Gold & Silver Ltd. and changed its name to Goldbank Mining Corporation in January 2009. Goldbank Mining Corporation was incorporated in 1967 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/12 00:35
End of Day Share Price2019/11/14 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.