Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Andrea Whyte was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Mar 26
Maxim Power Corp., Annual General Meeting, Jun 02, 2026 Maxim Power Corp., Annual General Meeting, Jun 02, 2026. Location: alberta, calgary Canada 공시 • Apr 30
Valory Resources Inc. completed the acquisition of Summit Coal Inc. and Summit Coal Limited Partnership from Maxim Power Corp. (TSX:MXG). Valory Resources Inc. entered into a Purchase and Sale Agreement to acquire Summit Coal Inc. and Summit Coal Limited Partnership from Maxim Power Corp. (TSX:MXG) for CAD 14.2 million on February 18, 2025. Consideration consisting of CAD 10.2 million of cash and CAD 4.0 million of equity securities in the form of a 15% interest bearing note convertible into Valory common shares. Summit was sold with CAD 2.2 million of restricted cash, resulting in net cash proceeds to MAXIM of CAD 8.0 million. MAXIM anticipates the Closing to occur in the first half of 2025.
Valory Resources Inc. completed the acquisition of Summit Coal Inc. and Summit Coal Limited Partnership from Maxim Power Corp. (TSX:MXG) on April 29, 2025. 공시 • Mar 31
Maxim Power Corp., Annual General Meeting, Jun 03, 2025 Maxim Power Corp., Annual General Meeting, Jun 03, 2025. Location: alberta, calgary Canada Buy Or Sell Opportunity • Dec 30
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to €3.88. The fair value is estimated to be €3.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 43%. New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (32% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €3.22, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 18x in the Renewable Energy industry in Germany. Total returns to shareholders of 12% over the past year. 공시 • Nov 08
Maxim Power Corp. Approves Special Dividend, Payable on November 29, 2024 Maxim Power Corp. announced on November 7, 2024, the company’s board of directors approved the declaration and distribution of a special dividend (the special dividend) of CAD 0.50 per common share of MAXIM (Common Share). The aggregate amount of the special dividend will be approximately CAD 31.8 million, which is payable in cash, and will be funded from surplus cash. The Special Dividend is payable on November 29, 2024 to the holders of the Common Shares, of record, as of the ex-dividend date, which is the close of business on November 21, 2024. New Risk • Aug 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 53% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (26% net profit margin). 공시 • Mar 29
Maxim Power Corp., Annual General Meeting, Jun 05, 2024 Maxim Power Corp., Annual General Meeting, Jun 05, 2024. New Risk • Mar 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 299% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (33% increase in shares outstanding). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: CA$0.56 (vs CA$0.84 in FY 2022) Full year 2023 results: EPS: CA$0.56 (down from CA$0.84 in FY 2022). Revenue: CA$44.5m (down 69% from FY 2022). Net income: CA$28.3m (down 33% from FY 2022). Profit margin: 64% (up from 30% in FY 2022). The increase in margin was driven by lower expenses. 공시 • Mar 15
Maxim Power Corp. Reports Impairment Charge for the Three Months Ended December 31, 2023 Maxim Power Corp. reported impairment charge for the three months ended December 31, 2023. For the quarter, the company announced asset impairment charge was $2,002,000. 공시 • Dec 14
Maxim Power Corp. Announces Chief Executive Officer Changes, Effective January 1, 2024 Maxim Power Corp. announced that Mr. Robert (Bob) Emmott will be transitioning to President and Chief Executive Officer (‘CEO’), assuming the CEO role from Mr. M. Bruce Chernoff, effective January 1, 2024. Mr. Chernoff will continue to provide his experienced leadership and governance as the company’s Chair of the Board. As the incoming CEO, Mr. Emmott brings extensive and diverse experience from his many years in the power industry, including senior leadership delivering strategic global initiatives, most recently in Canada, the USA and Australia. Since joining the Corporation in 2018, Mr. Emmott has held senior roles, including as Executive Vice President and Chief Operating Officer (‘COO’), and since 2020 as President and COO. Mr. Emmott holds a Bachelor of Science in Mechanical Engineering, a Post Graduate Diploma in Nuclear Engineering and a Master of Laws from Osgoode Law School. Reported Earnings • Nov 09
Third quarter 2023 earnings released: CA$0.10 loss per share (vs CA$0.48 profit in 3Q 2022) Third quarter 2023 results: CA$0.10 loss per share (down from CA$0.48 profit in 3Q 2022). Revenue: CA$2.47m (down 96% from 3Q 2022). Net loss: CA$4.90m (down 120% from profit in 3Q 2022).