Black Iron (BKI) AI Stock Analysis

• Market Cap: C$24.33M
• Dividend Yield: N/A
• Average Volume (3M): 187.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: N/A
• EPS Growth: -38.57%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 304,126,680
• 10 Day Avg. Volume: 385,516
• 30 Day Avg. Volume: 187,010
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -6.90
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Black Iron's stock score reflects significant financial and operational challenges, with zero revenue generation and negative cash flow being major concerns. Technical analysis indicates bearish momentum, while valuation metrics are unattractive. However, positive corporate events offer a glimmer of potential improvement.

Black Iron Business Overview & Revenue Model

Company Description

Black Iron (BKI) is a Canadian company specializing in the development and operation of iron ore projects. It primarily focuses on the exploration and production of high-grade iron ore concentrates, which are crucial for steel manufacturing. The company's main project is the Shymanivske Iron Ore Project, located in Kryvyi Rih, Ukraine, which is known for its substantial iron ore deposits.

How the Company Makes Money

Black Iron makes money through the extraction, processing, and sale of iron ore concentrates. The company generates revenue by selling high-grade iron ore to steel producers, who use it as a fundamental raw material in steelmaking. Black Iron's revenue model relies on the market demand and pricing for iron ore, which can fluctuate based on global economic conditions and steel production needs. Partnerships with local and international stakeholders, investments, and efficiency in production processes also play a significant role in enhancing the company's profitability.

Black Iron Financial Statement Overview

Summary

Black Iron's financial health is concerning, with no revenue generation and negative profitability metrics. The balance sheet reveals financial instability with negative equity, and cash flows are negative, highlighting ongoing cash burn. Financial challenges are severe without a significant turnaround.

Income Statement

Black Iron has reported zero revenue consistently over the analyzed periods, resulting in negative EBIT and net income figures. The inability to generate revenue significantly impacts profitability metrics, with EBIT and EBITDA margins being negative due to operating losses. The company is in a precarious position financially, and the lack of revenue growth is a major concern.

Balance Sheet

The balance sheet shows significant financial instability, with negative stockholders' equity in recent periods due to accumulated losses. This indicates that liabilities exceed assets, posing a high-risk factor. The debt-to-equity ratio is irrelevant due to negative equity, but the company has managed debt levels and has some cash reserves, which offers minimal short-term liquidity relief.

Cash Flow

The cash flow analysis reveals negative operating cash flows, indicating the company is not generating sufficient cash from operations. Free cash flow is also negative, reflecting the company's ongoing cash burn. However, financing activities have provided some cash inflow, which may temporarily support operations but is not sustainable long-term without improvement in operational cash generation.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-1.16M	-1.51M	-3.46M	-5.78M	-2.71M	-2.36M
	EBITDA
-2.09M	-1.50M	-3.36M	-5.51M	-2.57M	-2.07M
	Net Income Common Stockholders
-2.13M	-1.58M	-3.42M	-5.90M	-9.79M	-3.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.78M	1.10M	2.26M	5.69M	1.67M	988.84K
	Total Assets
2.37M	1.17M	2.33M	6.39M	1.79M	1.39M
	Total Debt
537.62K	0.00	0.00	0.00	121.60K	172.76K
	Net Debt
-1.24M	-1.10M	-2.26M	-5.69M	-1.54M	-816.08K
	Total Liabilities
4.34M	1.32M	1.03M	1.74M	7.52M	3.12M
	Stockholders Equity
-1.97M	-153.95K	1.31M	4.66M	-5.73M	-1.73M
Cash Flow		Free Cash Flow
-2.04M	-1.22M	-3.28M	-4.96M	-1.72M	-2.23M
	Operating Cash Flow
-2.04M	-1.22M	-3.28M	-4.96M	-1.71M	-2.23M
	Investing Cash Flow
48.55K	26.55K	17.56K	-1.88K	-48.00	338.00K
	Financing Cash Flow
2.59M	15.38K	36.23K	9.00M	2.29M	2.74M

Black Iron Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BKI, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.14, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 32.55 is Neutral, neither overbought nor oversold. The STOCH value of 35.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BKI.

Black Iron Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMA	51 Neutral	C$21.51M	―	-58.91%	―	-83.85%	-24.32%
Sector *	48 Neutral	$1.91B	-1.66	-22.29%	3.86%	0.68%	-27.44%
SRL	45 Neutral	C$26.13M	―	-20.39%	―	―	29.22%
BKI	19 Underperform	C$24.33M	―	137.40%	―	―	-38.57%

Black Iron Corporate Events

Black Iron Appoints Stephen Woodhead as New CFO

Black Iron Inc. has appointed Stephen Woodhead as its new Chief Financial Officer, replacing Paul Bozoki. Woodhead brings over 30 years of experience in the resource sector, having held significant roles in various mining companies across the globe. This change in leadership is expected to leverage Woodhead’s extensive international experience to further advance Black Iron’s strategic goals, particularly in the development of its Shymanivske Iron Ore Project in Ukraine.

Black Iron Secures Land Lease for Shymanivske Project Expansion

Black Iron has signed a multi-year land lease agreement with Kryvyi Rih City for 248 hectares of land crucial for the Shymanivske Iron Ore Project. This lease is vital for the completion of environmental and engineering studies necessary for renewing their mining permit, and it marks a significant step in their plans to expand operations, potentially impacting future processing plant locations and stockpiles.