Company DescriptionStar Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. The company's principal mineral properties include the Star Kimberlite property and the Orion South Kimberlite property located in Fort à la Corne area of Saskatchewan, Canada. It also holds 50% interest in the Buffalo Hills project located in north central Alberta, Canada. The company was formerly known as Shore Gold Inc. and changed its name to Star Diamond Corporation in February 2018. Star Diamond Corporation was incorporated in 1985 and is headquartered in Saskatoon, Canada.

How the Company Makes Money

Star Diamond Financial Statement Overview

Summary

Star Diamond faces significant financial challenges. The income statement reveals ongoing losses with no revenue, the balance sheet indicates limited financial flexibility with declining equity, and the cash flow statement shows consistent negative cash flows. Strategic changes are necessary to improve the financial outlook.

Income Statement

Very Negative

Star Diamond has consistent negative revenue, with no signs of revenue growth. The gross profit, EBIT, and EBITDA are all negative, indicating that the company is not covering its operational costs. The net profit margin is also negative. These factors highlight significant challenges in achieving profitability.

Balance Sheet

Negative

The company's balance sheet shows a high proportion of liabilities compared to equity, but the debt-to-equity ratio is relatively low due to minimal total debt. The equity ratio is reasonable, yet the declining stockholders' equity and total assets suggest potential financial instability.

Cash Flow

Very Negative

Operating cash flow and free cash flow are both consistently negative, indicating cash outflows from operations without any incoming cash to cover these expenses. The free cash flow to net income ratio is also negative, suggesting persistent cash flow issues that need addressing.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-357.00K	-91.00K	-102.00K	-100.00K	-107.00K	-136.00K
	EBIT
-3.68M	-2.88M	-3.38M	-7.97M	-6.05M	-4.07M
	EBITDA
-5.10M	-2.79M	-68.68M	-7.58M	-6.01M	-3.97M
	Net Income Common Stockholders
-6.02M	-2.82M	-134.19M	-7.99M	-6.29M	-4.16M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
164.00K	553.00K	2.61M	1.26M	4.77M	7.95M
	Total Assets
14.39M	1.16M	3.07M	69.37M	72.63M	75.73M
	Total Debt
122.00K	193.00K	39.00K	117.00K	192.00K	257.00K
	Net Debt
-42.00K	-360.00K	-2.57M	-1.15M	-4.58M	-7.69M
	Total Liabilities
9.18M	980.00K	717.00K	4.16M	2.23M	1.91M
	Stockholders Equity
5.21M	181.00K	2.35M	65.21M	70.40M	73.82M
Cash Flow		Free Cash Flow
-3.60M	-2.27M	-4.96M	-5.36M	-4.79M	-2.66M
	Operating Cash Flow
-3.59M	-2.27M	-4.95M	-5.36M	-4.79M	-2.66M
	Investing Cash Flow
2.57M	0.00	610.00K	-5.00K	12.00K	-2.00K
	Financing Cash Flow
633.00K	212.00K	5.68M	1.85M	1.60M	7.80M

Star Diamond Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHGDF		$22.63M	―	-88.14%	―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
MPVDF		$10.87M	―	-39.12%	―	―	―
DMIFF		$2.47M	―		―	―	―
TAI	50 Neutral	C$2.14M	―	-1087.65%	―	―	-17.78%
ADD	40 Underperform	C$3.58M	―	-9.47%	―	―	67.31%

* Basic Materials Sector Average

Performance Comparison

SHGDF

Star Diamond

0.04

-0.02

-33.33%

MPVDF

Mountain Province Diamonds

0.05

-0.07

-58.33%

DMIFF

Diamcor Mining

0.01

-0.03

-75.00%

TSE:ADD

Arctic Star Exploration

0.02

>-0.01

-33.33%

TSE:TAI

Talmora Diamond

0.02

-0.05

-71.43%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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