Black Iron (BKI) AI Stock Analysis

• Market Cap: C$36.75M
• Dividend Yield: N/A
• Average Volume (3M): 145.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• Revenue Growth: N/A
• EPS Growth: -67.24%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 306,220,430
• 10 Day Avg. Volume: 204,245
• 30 Day Avg. Volume: 145,082
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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

• Rating: 32 Underperform
• Price Target: ―

Black Iron's overall score reflects its severe financial challenges, with zero revenue and negative cash flows highlighting operational difficulties. The technical analysis shows some positive short-term indicators, but these are outweighed by the negative MACD and valuation concerns. The recent appointment of an experienced CFO is a positive step but does not significantly improve the company's outlook without a turnaround in financial performance.

Black Iron Business Overview & Revenue Model

Company Description

Black Iron Inc. operates as an iron ore exploration and development company. It holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

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 zero revenue, negative EBIT, and negative cash flows. The balance sheet shows financial instability with negative equity and liabilities exceeding assets. The company’s operations are currently unsustainable without significant improvements.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-2.08M	-1.50M	-3.36M	-5.51M	-2.57M
Net Income	-2.13M	-1.58M	-3.42M	-5.90M	-9.79M
Balance Sheet
Total Assets	2.37M	1.17M	2.33M	6.39M	1.79M
Cash, Cash Equivalents and Short-Term Investments	1.78M	1.10M	2.26M	5.69M	1.67M
Total Debt	537.62K	0.00	0.00	0.00	121.60K
Total Liabilities	4.34M	1.32M	1.03M	1.74M	7.52M
Stockholders Equity	-1.97M	-153.95K	1.31M	4.66M	-5.73M
Cash Flow
Free Cash Flow	-2.04M	-1.22M	-3.28M	-4.96M	-1.72M
Operating Cash Flow	-2.04M	-1.22M	-3.28M	-4.96M	-1.71M
Investing Cash Flow	48.55K	26.55K	17.56K	-1.88K	-48.00
Financing Cash Flow	2.59M	15.38K	36.23K	9.00M	2.29M

Black Iron Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BKI, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.94 is Neutral, neither overbought nor oversold. The STOCH value of 104.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BKI.

Black Iron Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$9.92B	5.61	1.58%	3.19%	3.03%	-41.96%
BCM	47 Neutral	$42.13M	―	-134.67%	―	11.35%	-19.64%
SRL	43 Neutral	C$32.35M	―	-21.99%	―	―	25.97%
TOC	39 Underperform	C$51.97M	―	-16.99%	―	―	23.78%
NILI	36 Underperform	C$46.47M	―	-65.77%	―	―	18.04%
BKI	32 Underperform	C$36.75M	―	137.40%	―	―	-67.24%

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.