Lions Bay Capital, Inc. (TSE:LBI)
:LBI
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Lions Bay Capital
(LBI)
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Rating:52Neutral
Price Target:
C$0.25
▼(-37.50% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weak financial performance (ongoing losses and negative/volatile cash flow), partially offset by a moderately supportive balance sheet. Technicals are mixed with some near-term momentum but a negative MACD, while valuation looks low on P/E but is less compelling given the underlying profitability and cash generation issues.
Positive Factors
Balance sheet cushion
The company's balance sheet shows debt well below equity and improving leverage versus 2025, giving a material equity cushion. This provides multi-month runway and financial flexibility to absorb losses, refinance, or execute restructuring without immediate liquidity distress.
Negative Factors
Persistent losses and contracting revenue
Trailing results show a loss-making top line and sizable net loss, reflecting persistent profitability weakness. Contracting and volatile revenue undermines margins and scalability in asset management, erodes the capital base over time, and makes achieving stable, repeatable profits materially uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet cushion
The company's balance sheet shows debt well below equity and improving leverage versus 2025, giving a material equity cushion. This provides multi-month runway and financial flexibility to absorb losses, refinance, or execute restructuring without immediate liquidity distress.
Read all positive factors
Lions Bay Capital (LBI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$9.74M
Dividend YieldN/A
Average Volume (3M)11.23K
Price to Earnings (P/E)―
Beta (1Y)-0.67
Revenue Growth-2.24%
EPS Growth-220.59%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.08
Shares Outstanding39,271,170
10 Day Avg. Volume13,357
30 Day Avg. Volume11,235
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.64
Price to Sales (P/S)0.00
P/FCF Ratio-7.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lions Bay Capital Business Overview & Revenue Model
Company Description
Lions Bay Capital Inc., an investment holding company, focuses on acquiring strategic stakes in companies operating in the resource, energy, and resource related technology sectors. Its portfolio of investments comprises gold, energy, water, and r...
How the Company Makes Money
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Lions Bay Capital Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -296.87K | 0.00 | 37.92K | 191.85K | 101.28K | 7.77M |
| Gross Profit | -296.87K | 0.00 | 15.99K | 148.08K | -16.83K | 1.02M |
| EBITDA | -1.82M | 0.00 | -2.97M | -5.85M | 114.57K | 7.47M |
| Net Income | -1.96M | 0.00 | -3.12M | -4.95M | -97.84K | 6.13M |
Balance Sheet | ||||||
| Total Assets | 6.30M | 2.82M | 5.24M | 8.13M | 13.69M | 12.88M |
| Cash, Cash Equivalents and Short-Term Investments | 4.67M | 1.91M | 2.31M | 7.20M | 12.55M | 11.64M |
| Total Debt | 1.65M | 845.30K | 288.59K | 472.39K | 529.02K | 514.20K |
| Total Liabilities | 3.22M | 2.31M | 1.65M | 1.41M | 2.03M | 1.86M |
| Stockholders Equity | 3.20M | 629.46K | 3.58M | 6.72M | 11.66M | 11.01M |
Cash Flow | ||||||
| Free Cash Flow | -1.16M | -469.18K | 594.62K | -102.27K | 40.02K | -1.55M |
| Operating Cash Flow | -1.28M | -469.18K | 594.62K | -102.27K | 40.02K | -1.55M |
| Investing Cash Flow | -615.91K | 232.64K | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2.03M | 180.26K | -603.73K | -417.14K | 294.68K | 1.72M |
Lions Bay Capital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$716.89M | 1.29 | 78.23% | 2.20% | 89.66% | ― | |
76 Outperform | C$919.99M | -4.11 | 21.69% | ― | -3.24% | ― | |
69 Neutral | C$1.09B | 18.29 | 9.72% | 3.01% | 4.44% | 18.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | C$581.09M | 50.26 | 7.80% | 8.78% | -8.34% | -48.32% | |
52 Neutral | C$9.74M | -5.44 | -113.97% | ― | -2.24% | -220.59% |
* Financial Sector Average
TSE:LBI
Lions Bay Capital
0.25
0.15
150.00%
TSE:AGF.B
AGF Management B NV
16.92
5.95
54.18%
TSE:QRC
Queen's Road Capital Investment
14.78
8.64
140.83%
TSE:FSZ
Fiera Capital A
5.41
-0.30
-5.24%
TSE:SEC
Senvest Capital
382.00
66.00
20.89%
Lions Bay Capital Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Lions Bay Capital Revises Bid for South African Vantage Goldfields Assets
Neutral
Apr 15, 2026
Lions Bay Capital’s subsidiary Lions Bay Resources has revised its bid structure for the Vantage Goldfields assets in South Africa after creditors adjourned a planned meeting to seek clarifications on the business rescue plans. The new propo...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Lions Bay Advances Vantage Goldfields Rescue Bid With $40 Million Offer
Positive
Mar 26, 2026
Lions Bay Capital’s South African associate, Lions Bay Resources, has secured approval from the Business Rescue Practitioner to convene a creditors’ meeting on April 9 to vote on a rescue plan for the Vantage Goldfields Group. Vantage ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Lions Bay Expands Funding to Drive South African Gold Integration Push
Positive
Mar 23, 2026
Lions Bay Capital has expanded its loan facility with Metals One from CAD $4 million to CAD $10 million to accelerate the creation of a vertically integrated South African gold business via Lions Bay Resources. Ownership of Lions Bay Resources is ...
Business Operations and Strategy
Lions Bay Capital Grants 2.01 Million Stock Options to Insiders and Advisors
Positive
Feb 26, 2026
Lions Bay Capital Inc., a Vancouver-based mining finance and investment firm, focuses on gold and copper assets that have been overlooked or underperforming due to funding gaps or management issues. Led by veteran mining executive John Byrne, the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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