OTCPK:IBKK.F

Stock Analysis Report

iMining Blockchain and Cryptocurrency

Executive Summary

iMining Blockchain and Cryptocurrency Inc., together with its subsidiaries, engages in the mining for cryptocurrencies.

Risk Analysis

Earnings have declined by -57.06% per year over past 5 years

Has less than 1 year of cash runway

Shares are highly illiquid

Makes less than USD$1m in revenue (CA$0)

+ 3 more risks


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-16.7%

IBKK.F

1.7%

US Software

1.5%

US Market


1 Year Return

-9.8%

IBKK.F

42.3%

US Software

20.1%

US Market

Return vs Industry: IBKK.F underperformed the US Software industry which returned 42.2% over the past year.

Return vs Market: IBKK.F underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

IBKK.FIndustryMarket
7 Day-16.7%1.7%1.5%
30 Day26.1%7.7%1.4%
90 Day133.2%18.4%8.7%
1 Year-9.8%-9.8%43.9%42.3%22.7%20.1%
3 Yearn/a152.8%142.4%50.1%40.5%
5 Yearn/a224.7%201.5%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is iMining Blockchain and Cryptocurrency undervalued compared to its fair value and its price relative to the market?

3.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: IBKK.F is unprofitable, so we can't compare its PE Ratio to the Software industry average.

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


Price to Book Ratio

PB vs Industry: IBKK.F is good value based on its PB Ratio (3.1x) compared to the US Software industry average (6x).


Next Steps

Future Growth

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

11.4%

Forecasted Software 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 iMining Blockchain and Cryptocurrency 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 IBKK.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 iMining Blockchain and Cryptocurrency's filings and announcements here.
  • Explore growth companies in the Software industry.

Past Performance

How has iMining Blockchain and Cryptocurrency performed over the past 5 years?

-57.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBKK.F is currently unprofitable.

Growing Profit Margin: IBKK.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IBKK.F is unprofitable, and losses have increased over the past 5 years at a rate of -57.1% per year.

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

Earnings vs Industry: IBKK.F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (17.1%).


Return on Equity

High ROE: IBKK.F has a negative Return on Equity (-379.9%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is iMining Blockchain and Cryptocurrency's financial position?


Financial Position Analysis

Short Term Liabilities: IBKK.F's short term assets (CA$116.7K) do not cover its short term liabilities (CA$211.7K).

Long Term Liabilities: IBKK.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IBKK.F is debt free.

Reducing Debt: IBKK.F had no debt 5 years ago.


Balance Sheet

Inventory Level: IBKK.F has a low level of unsold assets or inventory.

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

Forecast Cash Runway: IBKK.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -36.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

7.3yrs

Average board tenure


CEO

Robert Eadie (54yo)

CA$30,000

Compensation

Mr. Robert Eadie serves as the Chief Executive Officer, President and Director of iMining Blockchain and Cryptocurrency Inc. (previously known as Parlane Resource Corp.) and Hemp For Health Inc. He joined  ...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD22.64K) is below average for companies of similar size in the US market ($USD521.92K).

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


Board Members

NamePositionTenureCompensationOwnership
Robert Eadie
President0yrsCA$30.00k19.59% CA$236.5k
Gary Arca
CFO, Corporate Secretary & Director12.7yrsCA$30.00k5.67% CA$68.4k
Tanya Lutzke
Independent Director1.9yrsno datano data
Anders Nilsson
Additional Independent Director1.8yrsno datano data

7.3yrs

Average Tenure

54yo

Average Age

Experienced Board: IBKK.F's board of directors are considered experienced (7.3 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 22.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: iMining Blockchain and Cryptocurrency Inc.
  • Ticker: IBKK.F
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$1.600m
  • Listing Market Cap: CA$1.207m
  • Shares outstanding: 29.09m
  • Website: https://www.imining.com

Location

  • iMining Blockchain and Cryptocurrency Inc.
  • 580 Hornby Street
  • Suite 750
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMINTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2007
P1ADB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2007
IBKK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2007

Biography

iMining Blockchain and Cryptocurrency Inc., together with its subsidiaries, engages in the mining for cryptocurrencies. The company was formerly known as Parlane Resource Corp. and changed its name to iMining Blockchain and Cryptocurrency Inc. in April 2018. iMining Blockchain and Cryptocurrency Inc. was incorporated in 2007 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 Analysis2020/02/17 01:34
End of Day Share Price2020/02/13 00:00
Earnings2019/11/30
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.