Fury Gold Mines Ltd (NYSE: FURY)

Sector: Basic Materials Industry: Other Industrial Metals & Mining CIK: 0001514597
Market Cap 85.28 Mn
P/B 1.46
P/E 1.10
P/S 0.00
ROIC (Qtr) -24.89
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Fury Gold Mines Ltd (FURY) is a Canadian-based company operating in the gold mining industry, a significant sector in the global mining industry. The company generates revenue through the exploration and development of its gold properties, including the Eau Claire and ESJV projects. Fury Gold's primary products are gold and other precious metals, and its customer base includes institutional investors, mining companies, and other industry players. Fury Gold Mines operates in the gold mining industry, focusing on the exploration and development of...

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Price action

Investment thesis

Bull case

  • Tangible assets of 62.77M provide robust 342.41x coverage of other current liabilities 183333.33, indicating strong asset backing.
  • Short-term investments of 3.20M provide solid 17.47x coverage of other current liabilities 183333.33, indicating strong liquidity.
  • Strong cash position of 4.44M provides 24.22x coverage of other current liabilities 183333.33, indicating excellent liquidity.
  • Cash reserves of 4.44M provide robust 4.73x coverage of current liabilities 938405.80, indicating strong short-term solvency.
  • Robust tangible asset base of 62.77M provides 8.49x coverage of working capital 7.39M, indicating strong operational backing.

Bear case

  • Operating cash flow of (10.24M) barely covers its investment activities of 7.01M, with a coverage ratio of -1.46, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 7.01M provide weak support for R&D spending of 7.40M, which is 0.95x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 4.44M provide limited coverage of acquisition spending of 6.42M, which is 0.69x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • The company's operating cash flow of (10.24M) shows concerning coverage of stock compensation expenses of 407971.01, with a -25.10 ratio indicating potential earnings quality issues.
  • Free cash flow of (10.27M) provides weak coverage of capital expenditures of 34057.97, with a -301.62 ratio suggesting additional external financing needs for growth initiatives.

Peer comparison

Companies in the Other Industrial Metals & Mining
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 BHP BHP Group Ltd 162.30 Bn 17.99 3.17 -
2 TECK Teck Resources Ltd 24.54 Bn 27.27 3.23 3.67 Bn
3 MP MP Materials Corp. / DE 10.73 Bn -91.17 46.08 1.00 Bn
4 SKE Skeena Resources Ltd 3.07 Bn -36.58 0.00 0.04 Bn
5 MTRN MATERION Corp 2.85 Bn 87.35 2.45 0.53 Bn
6 VZLA Vizsla Silver Corp. 2.28 Bn -205.10 0.00 0.00 Bn
7 SGML Sigma Lithium Corp 1.76 Bn -65.03 15.16 0.12 Bn
8 ALM Almonty Industries Inc. 1.65 Bn -145.44 82.20 0.14 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.79 3.13
EV to Cash from Ops. EV/CFO -4.87 -51.74
EV to Debt EV to Debt 0.00 863.55
EV to EBIT EV/EBIT 0.64 -27.66
EV to EBITDA EV/EBITDA -4.50 566.13
EV to Free Cash Flow [EV/FCF] EV/FCF -4.86 -24.46
EV to Market Cap EV to Market Cap 0.58 0.59
EV to Revenue EV to Revenue 0.00 42.69
Price to Book Value [P/B] P/B 1.46 10.60
Price to Earnings [P/E] P/E 1.10 -35.19
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -16.20
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 3.46
Dividend per Basic Share Div per Share (Qtr) 0.00 0.08
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -0.53
Interest Coverage Int. cover (Qtr) 9,780.45 51.59
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -103.52 -444.92
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 81.00 3,116.99
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.80
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 360.53 -69.51
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -23.40 20.12
EBIT Growth (1y) % EBIT 1y % (Qtr) 360.02 -24.32
EBT Growth (1y) % EBT 1y % (Qtr) 360.67 -92.39
EPS Growth (1y) % EPS 1y % (Qtr) 349.64 -31.76
FCF Growth (1y) % FCF 1y % (Qtr) -46.61 -5,473.04
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 9.09
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.13
Cash Payout Ratio Cash Payout Ratio 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 4.73 5.35
Current Ratio Curr Ratio (Qtr) 8.88 6.87
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.74
Interest Cover Ratio Int Coverage (Qtr) 9,780.45 51.59
Times Interest Earned Times Interest Earned (Qtr) 9,780.45 51.59
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -684.18
EBIT Margin % EBIT Margin % 0.00 -696.12
EBT Margin % EBT Margin % 0.00 -788.27
Gross Margin % Gross Margin % 0.00 11.29
Net Profit Margin % Net Profit Margin % 0.00 -790.78