BKIRF Stock Financial Analysis - Black Iron Inc. (OTCPK) Stock

Overview

Black Iron Inc. is a Canada-based iron ore exploration and development company primarily focused on advancing its Shymanivske Project located in Kryvyi Rih, Ukraine. This project holds significant iron ore deposits with a reported resource of 646 million tonnes grading 31.6% iron. Established in 2010, Black Iron aims to leverage Ukraine’s strategic location and well-established infrastructure, including access to rail, ports, and power, to produce high-grade iron ore capable of serving both Eastern European and Asian markets. The company’s efforts are supplemented by a robust management team experienced in both the technical and financial aspects of large-scale mineral development, positioning Black Iron as a competitive entity in the global iron ore industry.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The operating income for Black Iron Inc. as of June 30, 2025 is -2.08 MM.
The net income for Black Iron Inc. as of June 30, 2025 is -2.12 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30		-2.08	-2.12
2025-03-31		-2.04	-2.14
2024-12-31		-2.08	-2.13
2024-09-30		-1.44	-1.51
2024-06-30		-1.24	-1.31
2024-03-31		-1.25	-1.30
2023-12-31		-1.51	-1.58
2023-09-30		-1.56	-1.61
2023-06-30		-1.67	-1.67
2023-03-31		-1.76	-1.81
2022-12-31		-3.36	-3.44
2022-09-30		-5.15	-5.23
2022-06-30		-6.74	-6.92
2022-03-31		-7.13	-7.35
2021-12-31		-5.51	-5.83
2021-09-30		-3.92	-9.29
2021-06-30		-2.40	-8.31
2021-03-31		-2.63	-9.49
2020-12-31		-2.57	-9.08
2020-09-30		-2.59	-3.91
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	-0.01
2024-09-30	-0.00	-0.00
2024-06-30	-0.00	-0.00
2024-03-31	-0.00	-0.00
2023-12-31	-0.01
2023-09-30	-0.01	-0.01
2023-06-30	-0.01	-0.01
2023-03-31	-0.01	-0.01
2022-12-31	-0.01
2022-09-30	-0.02	-0.02
2022-06-30	-0.02	-0.02
2022-03-31	-0.03	-0.03
2021-12-31	-0.02
2021-09-30	-0.03	-0.03
2021-06-30	-0.03	-0.03
2021-03-31	-0.04	-0.04
2020-12-31	-0.04
2020-09-30	-0.02	-0.02
2020-06-30	-0.02	-0.02
2020-03-31	-0.01	-0.01

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Black Iron Inc. as of June 30, 2025 is -1.85 MM.
The cash from investing activities for Black Iron Inc. as of June 30, 2025 is -0.00 MM.
The cash from financing activities for Black Iron Inc. as of June 30, 2025 is 2.63 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-1.85	-0.00	2.63
2025-03-31	-1.95	0.02	2.56
2024-12-31	-2.04	0.05	2.59
2024-09-30	-1.21	0.05	0.00
2024-06-30	-1.29	0.05	-0.00
2024-03-31	-1.26	0.05	0.02
2023-12-31	-1.22	0.03	0.02
2023-09-30	-1.15	0.03	0.02
2023-06-30	-1.05	0.02	0.02
2023-03-31	-1.13	0.02	0.00
2022-12-31	-3.28	0.02	0.04
2022-09-30	-4.82	0.01	0.09
2022-06-30	-6.41	0.01	8.42
2022-03-31	-7.03	0.01	8.99
2021-12-31	-4.96	-0.00	9.00
2021-09-30	-3.57	0.00	8.93
2021-06-30	-2.19	0.00	1.35
2021-03-31	-1.67	0.00	2.31
2020-12-31	-1.71	-0.00	2.29
2020-09-30	-2.01	-0.00	2.31
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for Black Iron Inc. as of June 30, 2025 is -11.59.
The p/tbv for Black Iron Inc. as of June 30, 2025 is -11.59.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		-11.59	-11.59
2025-03-31		-6.65	-6.65
2024-12-31		-11.88	-11.88
2024-09-30	-10.00	-17.05	-17.05
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31	-1.19	20.74	20.74
2020-12-31	-1.23	-1.95	-1.95
2020-09-30	-2.75	-8.29	-8.29
2020-06-30	-2.79	-5.28	-5.28
2020-03-31	-3.43	-4.76	-4.76

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Black Iron Inc. as of June 30, 2025 is -0.09.
The ebit (3y)/ev for Black Iron Inc. as of June 30, 2025 is -0.07.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.09	-0.07
2025-03-31	-0.19	-0.15
2024-12-31	-0.12	-0.17
2024-09-30	-0.10	-0.08
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31	-0.93	-0.46
2020-12-31	-0.92	-0.47
2020-09-30	-0.38	-0.31
2020-06-30	-0.36	-0.30
2020-03-31	-0.26	-0.27

Management Effectiveness

The roa for Black Iron Inc. as of June 30, 2025 is -4.13.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-4.13
2025-03-31	-2.47
2024-12-31	-1.30
2024-09-30	-0.91	-6.81
2024-06-30		-1.73
2024-03-31		-1.21
2023-12-31			-8.38	-5.74
2023-09-30			-3.54	-2.44
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31		0.00
2021-12-31
2021-09-30	0.00
2021-06-30	-4.20		-171.58	-16.82	-45.29
2021-03-31	-11.34		-16.00	1.19	-2.82
2020-12-31	-6.52
2020-09-30	-2.29		-29.63	2.64	-15.22
2020-06-30	-7.25
2020-03-31	-2.74	-45.93

Gross Margins

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

GB:0ULQ
DE:BIN	€0.06
CA:BKI	CA$0.12