One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Seabridge Gold Inc.
SA · NYQ · Basic Materials · Gold
Current price
$27.93
52-week range
$22.11 - $40.06
Market cap
$3.01B
Balance sheet
Distressed
-31.23x Concerning
Net debt $330.73M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
View details ↓What this company does
Seabridge Gold Inc.
Seabridge Gold Inc. is a company that looks for and buys land that might have valuable gold, silver, copper, and molybdenum deposits. Most of its money is tied up in the potential value of these mining claims rather than from actually selling mined metals, which means its financial health depends on how promising these exploration sites appear to investors. This matters because the company's future success hinges on successfully finding and then developing these resources into profitable mines.
What it actually does
Seabridge Gold is a company that explores for and develops gold properties. Think of them as prospectors with a long-term vision. Instead of digging up gold to sell right away like a typical mining company, Seabridge focuses on finding large gold deposits, assessing their potential, and getting them ready for future development. Their main goal is to increase the amount of gold they control in the ground and to make these deposits more valuable over time. They do this by conducting exploration work, engineering studies, and obtaining necessary permits. Ultimately, Seabridge aims to partner with or sell these advanced projects to larger mining companies that have the resources to bring them into production, thereby creating value for their shareholders.
Kerr-Sulphurets-Mitchell (KSM) Project
The KSM project is Seabridge Gold's flagship asset and is located in British Columbia, Canada. It's considered one of the largest undeveloped gold and copper deposits in the world. Seabridge has completed extensive exploration and engineering studies on KSM, defining significant gold, copper, silver, and molybdenum reserves. The project has received environmental approvals and is considered construction-ready. Seabridge's strategy for KSM is to find a major mining partner who can finance and operate the mine, allowing Seabridge to retain a significant interest while minimizing its own financial risk and capital expenditure.
Other Holdings
In addition to the KSM project, Seabridge Gold holds a portfolio of other mineral properties across North America. These include the Bronson Corridor Project in British Columbia, the Snowstorm project in Nevada, and the 3 Aces project in the Yukon Territory. These projects are in various stages of exploration and development, and Seabridge actively works to expand their resources and define their economic potential. The company also strategically divests non-core assets, which has generated cash to fund its operations and reduce share dilution, while sometimes retaining an interest in those assets.
What management is betting on now
Seabridge Gold's management is focused on advancing its key projects, particularly KSM, towards development. Their primary objective is to secure a partnership with a major mining company for KSM, which would provide the necessary capital and expertise to build and operate the mine. Simultaneously, they are committed to increasing the amount of gold resources per share held by their shareholders through continued exploration and development of their existing properties. Management also aims to strategically manage their portfolio by potentially spinning out other projects, like Courageous Lake, into separate entities to unlock shareholder value and reduce overall risk.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $27.93
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $330.7M. Interest coverage -31.2x.
Net debt
$330.73M
Interest coverage
-31.23x
Seabridge Gold Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
SA
BASELINE
Seabridge Gold Inc.
Total debt $398.35M Interest coverage -31.23x This is the baseline the peer rows are being compared against.
Total debt $178.14M Interest coverage -1.72x Neither company has much profit cushion over interest right now.
Total debt $2.46M Interest coverage -25.75x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -16.22x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -61.40x Neither company has much profit cushion over interest right now.
Total debt $704.93M Interest coverage -3.42x Neither company has much profit cushion over interest right now.
What you should know
The case for and against SA
1 Reward
1 Risk
Rewards
-
Returns 3.3% on equity, ahead of 83% of its peers.
Risks
-
Net debt grew 254.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
139.65x
Forward P/E
-99.75x
P/B
3.82x
P/S
—
EV/EBITDA
-121.70x
PEG ratio
5.40x
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
3.3%
ROA
-1.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.51x
Current ratio
2.08x
Quick ratio
2.08x
Total debt
$398.35M
Total cash
$67.62M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
0.20
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-10.95M
Free CF TTM
$-107.99M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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