TSXV:MENE

Stock Analysis Report

Executive Summary

Mene Inc. designs, manufactures, and markets gold and platinum jewelry.

Snowflake

Fundamentals

Adequate balance sheet with poor track record.

Share Price & News

How has Mene's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MENE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

MENE

-2.3%

CA Luxury

0.8%

CA Market


1 Year Return

-48.8%

MENE

-29.5%

CA Luxury

7.2%

CA Market

Return vs Industry: MENE underperformed the Canadian Luxury industry which returned -29.5% over the past year.

Return vs Market: MENE underperformed the Canadian Market which returned 7.2% over the past year.


Shareholder returns

MENEIndustryMarket
7 Day0%-2.3%0.8%
30 Day-17.6%-14.4%2.8%
90 Day-30.0%-15.6%4.6%
1 Year-48.8%-48.8%-29.0%-29.5%10.8%7.2%
3 Yearn/a4.6%1.1%18.7%8.1%
5 Yearn/a40.4%31.2%26.9%8.3%

Price Volatility Vs. Market

How volatile is Mene's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mene undervalued compared to its fair value and its price relative to the market?

5.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MENE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MENE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MENE is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: MENE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MENE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MENE is overvalued based on its PB Ratio (5.6x) compared to the CA Luxury industry average (4.2x).


Next Steps

Future Growth

How is Mene forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.2%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mene has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mene performed over the past 5 years?

-26.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MENE has a high level of non-cash earnings.

Growing Profit Margin: MENE's current net profit margins (-57%) are higher than last year (-121%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if MENE's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare MENE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MENE is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (4.2%).


Return on Equity

High ROE: MENE has a negative Return on Equity (-33.05%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mene's financial position?


Financial Position Analysis

Short Term Liabilities: MENE's short term assets (CA$45.1M) exceeds its short term liabilities (CA$1.1M)

Long Term Liabilities: MENE's short term assets (45.1M) exceeds its long term liabilities (26.6M)


Debt to Equity History and Analysis

Debt Level: MENE's debt to equity ratio (144.2%) is considered high

Reducing Debt: Insufficient data to determine if MENE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: MENE has a high level of physical assets or inventory.

Debt Coverage by Assets: MENE's debt is covered by short term assets (assets are 1.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MENE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MENE has sufficient cash runway for 2.494092 years if free cash flow continues to reduce at historical rates of -18.5% each year.


Next Steps

Dividend

What is Mene's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MENE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MENE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MENE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MENE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MENE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Mene's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average management tenure


CEO

Roy Sebag (34yo)

0yrs

Tenure

0

Mr. Roy Sebag serves as Chairman at Fortress Technologies Inc. since August 16, 2018. Mr. Roy Sebag has been Chairman, Chief Executive Officer of Mene Inc. He has been Chief Investment Officer and Directo ...


Management Age and Tenure

1.1yrs

Average Tenure

42yo

Average Age

Experienced Management: MENE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Insider Trading

Insider Buying: MENE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$70217 Oct 19
Paul Mennega
EntityIndividual
Shares1,500
Max PriceCA$0.47
BuyCA$1,63813 Sep 19
Paul Mennega
EntityIndividual
Shares3,268
Max PriceCA$0.50
SellCA$39,60026 Jul 19
Joshua Crumb
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares198,001
Max PriceCA$0.20
BuyCA$33,50003 Apr 19
Goldmoney Inc.
EntityCompany
Shares50,000
Max PriceCA$0.67
BuyCA$35,00029 Mar 19
Goldmoney Inc.
EntityCompany
Shares50,000
Max PriceCA$0.70
BuyCA$90,00023 Jan 19
Goldmoney Inc.
EntityCompany
Shares150,000
Max PriceCA$0.60
BuyCA$115,66008 Jan 19
Goldmoney Inc.
EntityCompany
Shares200,000
Max PriceCA$0.58
BuyCA$319,68001 Jan 19
Goldmoney Inc.
EntityCompany
Shares513,000
Max PriceCA$0.63
BuyCA$781,81817 Dec 18
Roy Sebag
EntityIndividual
Role
Chief Executive Officer
CEO, Co-Founder & Chairman
Shares1,000,100
Max PriceCA$0.84
SellCA$231,00017 Dec 18
Roy Sebag
EntityIndividual
Role
Chief Executive Officer
CEO, Co-Founder & Chairman
Shares330,000
Max PriceCA$0.70

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.


Management Team

  • Roy Sebag (34yo)

    CEO, Co-Founder & Chairman

    • Tenure: 0yrs
  • Sunjoo Moon (53yo)

    Chief Creative Officer & Independent Director

    • Tenure: 0.8yrs
  • Diana Widmaier-Picasso

    Chief Artistic Officer & Director

    • Tenure: 1.1yrs
  • Steve Fray (42yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Renee Wei

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Michele Ashby (63yo)

    Independent Director

    • Tenure: 0yrs
  • Josh Crumb (39yo)

    Independent Director

    • Tenure: 0yrs
  • Roy Sebag (34yo)

    CEO, Co-Founder & Chairman

    • Tenure: 0yrs
  • Sunjoo Moon (53yo)

    Chief Creative Officer & Independent Director

    • Tenure: 0.8yrs
  • Diana Widmaier-Picasso

    Chief Artistic Officer & Director

    • Tenure: 1.1yrs
  • Tommaso Chiabra (33yo)

    Independent Director

    • Tenure: 0yrs

Company Information

Mene Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mene Inc.
  • Ticker: MENE
  • Exchange: TSXV
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CA$97.510m
  • Shares outstanding: 232.17m
  • Website: https://mene.com

Location

  • Mene Inc.
  • 334 Adelaide Street West
  • Suite 307
  • Toronto
  • Ontario
  • M5V 1R4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MENETSXV (TSX Venture Exchange)YesClass B SharesCACADNov 2018
MENE.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDNov 2018

Biography

Mene Inc. designs, manufactures, and markets gold and platinum jewelry. It offers charms, chains, bands, earrings, pendants, rings, bracelets, and gifts under the Mene brand name. The company retails its j ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 00:51
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.