Loncor Gold Inc. - LN.TO

LN.TO Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
LN.TO	4.4	0	23.4	23.4	21.8	35.7	-40.6	35.7	331.8	-83.6
S&P 500	0.4	-1.5	0.5	6.1	11.2	29.7	25.3	88.8	187.3	33284.6

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	LN.TO
name	Loncor Gold Inc.
price	0.47
changes percentage	4.40
change	0.02
day low	0.46
day high	0.47
year high	0.53
year low	0.29
market cap	73441650
price avg 50	0.42
price avg 200	0.38
exchange	TSX
volume	33500
avg volume	59285
open	0.47
previous close	0.46
eps	-0.20
pe	-2.37
earnings announcement	2024-08-13T00:00:00.000+0000
shares outstanding	154614000
timestamp	2024-11-18 19:56:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 49.3%

Overall Quarterly Financial Health: 35.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	-151357	100.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	2222399	2836885	-21.66
interest income	2.43	180192	-100.00
interest expense	0	12598	-100.00
ebitda	-2290957	-2656693	13.77
ebitdaratio	0	0	NaN
operating income	-2222399	-2808050	20.86
operating income ratio	0	0	NaN
net income	-21266945	-3036836	-600.30
net income ratio	0	0	NaN
eps	-0.14	-0.02	-563.51

Overall Score of Annual Income Statement

0.33 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 0 million in 2023 from 0 million in 2022 representing a change of 100.0%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 2 million in 2023 from 3 million in 2022 representing a change of -21.66%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -2 million in 2023 from -3 million in 2022 representing a change of 13.77%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -2 million in 2023 from -3 million in 2022 representing a change of 20.86%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -21 million in 2023 from -3 million in 2022 representing a change of -600.3%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.14 in 2023 from -0.14 in 2022 representing a change of -563.51%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-20749	-20748	-0.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	827956	548258	51.02
interest income	894	8386	-89.34
interest expense	3599	5169	-30.37
ebitda	-840739	-548611	-53.25
ebitdaratio	0	0	NaN
operating income	-827956	-560620	-47.69
operating income ratio	0	0	NaN
net income	-865087	-574528	-50.57
net income ratio	0	0	NaN
eps	-0.01	-0.0	-51.35

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -0.0%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 1 million in 2024Q2 from 1 million in 2024Q1 representing a change of 51.02%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Earnings per Share (EPS): EPS increased to -0.01 in 2024Q2 from -0.01 in 2024Q1 representing a change of -51.35%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -1 million in 2024Q2 from -1 million in 2024Q1 representing a change of -53.25%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -1 million in 2024Q2 from -1 million in 2024Q1 representing a change of -47.69%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -1 million in 2024Q2 from -1 million in 2024Q1 representing a change of -50.57%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	24365620	42888714	-43.19
total liabilities	2798104	1697012	64.88
total equity	21567516	41191702	-47.64
cash and cash equivalents	639680	182175	251.13
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	11581007	1130073	924.80
total non current assets	12784613	41758641	-69.38
total current liabilities	2695421	1670253	61.38
total non current liabilities	102683	26759	283.73
common stock	100184783	98916239	1.28
retained earnings	-91128928	-69861983	-30.44
total debt	332874	335658	-0.83

Overall Score of Annual Balance Sheet

0.44 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 24 million in 2023 from 43 million in 2022 representing a change of -43.19%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 3 million in 2023 from 2 million in 2022 representing a change of 64.88%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 22 million in 2023 from 41 million in 2022 representing a change of -47.64%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 3 million in 2023 from 2 million in 2022 representing a change of 61.38%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -91 million in 2023 from -70 million in 2022 representing a change of -30.44%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1 million in 2023 from 0 million in 2022 representing a change of 251.13%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 12 million in 2023 from 1 million in 2022 representing a change of 924.8%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 100 in 2023 from 99 in 2022 representing a change of 1.28%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2023 from 0 million in 2022 representing a change of -0.83%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	25895246	24007937	7.86
total liabilities	5423213	2862364	89.47
total equity	20472033	21145573	-3.19
cash and cash equivalents	734305	56256	1,205.29
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	12006171	11154059	7.64
total non current assets	13889075	12853878	8.05
total current liabilities	5364106	2781904	92.82
total non current liabilities	59107	80460	-26.54
common stock	100389242	100307999	0.08
retained earnings	-92568543	-91703456	-0.94
total debt	262640	282781	-7.12

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 26 million in 2024Q2 from 24 million in 2024Q1 representing a change of 7.86%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1 million in 2024Q2 from 0 million in 2024Q1 representing a change of 1205.29%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 12 million in 2024Q2 from 11 million in 2024Q1 representing a change of 7.64%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 100 in 2024Q2 from 100 in 2024Q1 representing a change of 0.08%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -7.12%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 5 million in 2024Q2 from 3 million in 2024Q1 representing a change of 89.47%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 20 million in 2024Q2 from 21 million in 2024Q1 representing a change of -3.19%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 5 million in 2024Q2 from 3 million in 2024Q1 representing a change of 92.82%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -93 million in 2024Q2 from -92 million in 2024Q1 representing a change of -0.94%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	457505	28021	1,532.72
operating cash flow	-2562325	-2866981	10.63
free cash flow	-2562325	-5235820	51.06
capital expenditure	0	-2368839	100.00
depreciation and amortization	69644	151357	-53.99
deferred income tax	0	0	NaN
stock based compensation	65773	687816	-90.44
accounts payables	-127645	-993788	87.16
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-2368839	100.00
net cash used for investing activites	1713363	-2368839	172.33
debt repayment	-270519	166037	-262.93
common stock issued	1576986	5097804	-69.07
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1306467	5263841	-75.18
cash at end of period	639680	182175	251.13
accounts receivables	0	-14983	100.00
cash at beginning of period	182175	154154	18.18

Overall Score of Annual Cashflow Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from 0 million in 2022 representing a change of 1532.72%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -3 million in 2023 from -3 million in 2022 representing a change of 10.63%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -3 million in 2023 from -5 million in 2022 representing a change of 51.06%. This indicates an increase in cash generated after accounting for capital expenditures.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023 from 1 million in 2022 representing a change of -90.44%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 1 million in 2022 representing a change of 87.16%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2023 from -2 million in 2022 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 0 in 2023 from 0 million in 2022 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-847912	-516766	-64.08
free cash flow	-847912	-517032.54	-64.00
capital expenditure	-1177.91	-266.54	-341.93
depreciation and amortization	20749	20748	0.00
deferred income tax	0	0	NaN
stock based compensation	147.23	76446	-99.81
accounts receivables	0	-120644	100.00
accounts payables	70888	203201	-65.11
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-266.54	100.00
net cash used for investing activites	1444055	-90014	1,704.26
debt repayment	-22538	-52783	57.30
common stock issued	104444	76139	37.18
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	81906	23356	250.69
net change in cash	678049	-583424	216.22
cash at end of period	734305	56256	1,205.29
cash at beginning of period	56256	639680	-91.21

Overall Score of Quarterly Cashflow Statement

None

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.14	-0.02	-564.29
operating cash flow per share	-0.02	-0.02	15.22
free cash flow per share	-0.02	-0.04	53.58
cash per share	0.0	0.0	233.08
book value per share	0.14	0.29	-50.33
tangible book value per share	0.14	0.29	-50.33
shareholders equity per share	0.14	0.29	-50.33
interest debt per share	0.0	0.0	-59.09
market cap	41107666.5	33916057.77	21.20
enterprise value	40800860.5	34069540.77	19.76
pe ratio	-1.93	-11.17	82.69
price to sales ratio	0	0	NaN
pocfratio	-16.04	-11.83	-35.62
pfcf ratio	-16.04	-6.48	-147.67
pb ratio	1.91	0.82	131.49
ptb ratio	1.91	0.82	131.49
ev to sales	0	0	NaN
enterprise value over ebitda	-17.81	-12.82	-38.88
ev to operating cash flow	-15.92	-11.88	-34.00
ev to free cash flow	-15.92	-6.51	-144.71
earnings yield	-0.52	-0.09	-477.79
free cash flow yield	-0.06	-0.15	59.62
debt to equity	0.01	0.01	-14.53
debt to assets	0.01	0.01	-21.23
net debt to ebitda	0.13	-0.06	331.81
current ratio	4.3	0.68	535.03
interest coverage	0	-222.9	100.00
income quality	0.12	0.98	-87.69
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0.0	-100.00
capex to operating cash flow	0	-0.83	100.00
capex to revenue	0	0	NaN
capex to depreciation	0	15.65	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.67	0.37	81.64
roic	-0.1	-0.07	-45.95
return on tangible assets	-0.87	-0.07	-1,132.67
graham net net	-0.01	-0.01	-47.25
working capital	8885586	-540180	1,744.93
tangible asset value	21567516	41191552	-47.64
net current asset value	8782903	-566939	1,649.18
invested capital	21670199	41218611	-47.43
average receivables	0	0	NaN
average payables	430768.5	991485	-56.55
average inventory	124352	227465.5	-45.33
days sales outstanding	0	0	NaN
days payables outstanding	0	1192.71	-100.00
days of inventory on hand	0	599.75	-100.00
receivables turnover	0	0	NaN
payables turnover	0	0.31	-100.00
inventory turnover	0	0.61	-100.00
roe	-0.99	-0.07	-1,237.50
capex per share	0	0.02	-100.00

• Negative

  ROE: Return on Equity (ROE) decreased to -0.99 on 2023-12-31 from -0.07 on 2022-12-31, representing a change of -1237.50%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio increased to 4.30 on 2023-12-31 from 0.68 on 2022-12-31, representing a change of 535.03%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -1.93 on 2023-12-31 from -11.17 on 2022-12-31, representing a change of 82.69%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2023-12-31 from 0.01 on 2022-12-31, representing a change of -14.53%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
LN.TO
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.01	-0.0	-50.00
operating cash flow per share	-0.01	-0.0	-63.46
free cash flow per share	-0.01	-0.0	-63.38
cash per share	0.0	0.0	1,200.36
book value per share	0.13	0.14	-3.55
tangible book value per share	0.13	0.14	-3.55
shareholders equity per share	0.13	0.14	-3.55
interest debt per share	0.0	0.0	-1.63
market cap	42809081.28	39547851.64	8.25
enterprise value	42337416.28	39774376.64	6.44
pe ratio	-12.37	-17.21	28.11
price to sales ratio	0	0	NaN
pocfratio	-50.49	-76.53	34.03
pfcf ratio	-50.49	-76.49	33.99
pb ratio	2.09	1.87	11.81
ptb ratio	2.09	1.87	11.81
ev to sales	0	0	NaN
enterprise value over ebitda	-50.36	-72.5	30.54
ev to operating cash flow	-49.93	-76.97	35.13
ev to free cash flow	-49.93	-76.93	35.09
earnings yield	-0.02	-0.01	-39.10
free cash flow yield	-0.02	-0.01	-51.50
debt to equity	0.01	0.01	3.29
debt to assets	0.0	0.0	-7.29
net debt to ebitda	0.56	-0.41	235.87
current ratio	2.24	4.01	-44.18
interest coverage	-230.05	-108.46	-112.11
income quality	0.98	0.9	8.97
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.0	-0.0	-169.34
capex to revenue	0	0	NaN
capex to depreciation	0.06	0.01	341.91
stock based compensation to revenue	0	0	NaN
graham number	0.13	0.11	20.28
roic	-0.04	-0.03	-51.16
return on tangible assets	-0.03	-0.02	-39.60
graham net net	-0.03	-0.02	-48.74
working capital	6642065	8372155	-20.66
tangible asset value	20472033	21145573	-3.19
net current asset value	6582958	8291695	-20.61
invested capital	20531140	21226033	-3.27
average receivables	0	0	NaN
average payables	605591	468546.5	29.25
average inventory	-334473.5	4796794.5	-106.97
days sales outstanding	0	0	NaN
days payables outstanding	2780.53	2473.17	12.43
days of inventory on hand	0	-2901.74	100.00
receivables turnover	0	0	NaN
payables turnover	0.03	0.04	-11.05
inventory turnover	0	-0.03	100.00
roe	-0.04	-0.03	-55.53
capex per share	0.0	0.0	340.26

• Negative

  ROE: Return on Equity (ROE) decreased to -0.04 on 2024-06-30 Q2 from -0.03 on 2024-03-31 Q1, representing a change of -55.53%. Suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -12.37 on 2024-06-30 Q2 from -17.21 on 2024-03-31 Q1, representing a change of 28.11%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2024-06-30 Q2 from 0.01 on 2024-03-31 Q1, representing a change of 3.29%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Neutral

  Current Ratio: Current Ratio decreased to 2.24 on 2024-06-30 Q2 from 4.01 on 2024-03-31 Q1, representing a change of -44.18%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.0 which is lower than current price 0.47, indicates the company may be overvalued.