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Mene

TSXV:MENE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MENE
TSXV
CA$153M
Market Cap
  1. Home
  2. CA
  3. Consumer Durables
Company description

Mene Inc. designs, manufactures, and markets gold and platinum jewelry. The last earnings update was 204 days ago. More info.


Add to Portfolio Compare Print
  • Mene has significant price volatility in the past 3 months.
MENE Share Price and Events
7 Day Returns
-4.3%
TSXV:MENE
4.6%
CA Luxury
1.2%
CA Market
1 Year Returns
-
TSXV:MENE
40.8%
CA Luxury
4.1%
CA Market
MENE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mene (MENE) -4.3% -1.5% 10% - - -
CA Luxury 4.6% 4.2% 11.3% 40.8% 30.1% 56.3%
CA Market 1.2% 2.4% 7.9% 4.1% 15.3% 7.4%
1 Year Return vs Industry and Market
  • No trading data on MENE.
  • No trading data on MENE.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Mene undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mene. This is due to cash flow or dividend data being unavailable. The share price is CA$0.66.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mene's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mene's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MENE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in CAD CA$-0.01
TSXV:MENE Share Price ** TSXV (2019-04-18) in CAD CA$0.66
North America Luxury Industry PE Ratio Median Figure of 40 Publicly-Listed Luxury Companies 17.68x
Canada Market PE Ratio Median Figure of 556 Publicly-Listed Companies 15.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mene.

TSXV:MENE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:MENE Share Price ÷ EPS (both in CAD)

= 0.66 ÷ -0.01

-49.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mene is loss making, we can't compare its value to the North America Luxury industry average.
  • Mene is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Mene's expected growth come at a high price?
Raw Data
TSXV:MENE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -49.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Luxury Industry PEG Ratio Median Figure of 29 Publicly-Listed Luxury Companies 1.81x
Canada Market PEG Ratio Median Figure of 257 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mene, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mene's assets?
Raw Data
TSXV:MENE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in CAD CA$0.06
TSXV:MENE Share Price * TSXV (2019-04-18) in CAD CA$0.66
Canada Luxury Industry PB Ratio Median Figure of 8 Publicly-Listed Luxury Companies 5.03x
Canada Market PB Ratio Median Figure of 2,375 Publicly-Listed Companies 1.52x
TSXV:MENE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MENE Share Price ÷ Book Value per Share (both in CAD)

= 0.66 ÷ 0.06

10.26x

* Primary Listing of Mene.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mene is overvalued based on assets compared to the CA Luxury industry average.
X
Value checks
We assess Mene's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Mene has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.6%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mene expected to grow at an attractive rate?
  • Unable to compare Mene's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mene's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Mene's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MENE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
North America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:MENE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MENE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2017-12-31 0 -2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mene is high growth as no earnings estimate data is available.
  • Unable to determine if Mene is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:MENE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mene Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MENE Past Financials Data
Date (Data in CAD Millions) EPS *
2017-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mene will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Mene's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  2. Mene's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mene's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mene has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mene performed over the past 5 years?

  • Mene's last earnings update was 204 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mene's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mene does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Mene's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mene's 1-year growth to the North America Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Mene's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mene Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MENE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 0.13 -2.73 2.54 0.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mene has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mene has efficiently used its assets last year compared to the North America Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mene improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mene's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mene has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mene's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mene's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mene is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mene's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mene's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mene Company Filings, last reported 1 year ago.

TSXV:MENE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 13.19 2.77 9.27
  • Mene's level of debt (21%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Mene's debt level has increased without past 5-year debt data.
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.

  • Information is not available.
  • Unable to confirm if Mene has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Mene's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mene has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mene dividends.
If you bought CA$2,000 of Mene shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mene's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mene's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:MENE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mene has not reported any payouts.
  • Unable to verify if Mene's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mene's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mene has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mene's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mene afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mene has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roy Sebag
AGE 32
CEO Bio

Mr. Roy Sebag has been Chairman, Chief Executive Officer of Mene Inc. He has been Chief Investment Officer and Director of Blockchain Mining Ltd. since February 19, 2018. Mr. Sebag is the Co-Founder of GoldMoney Inc. and has been its Chief Executive Officer and President since August 2014 and also served as its Secretary since August 2014. Mr. Sebag serves as Chief Executive Officer and Co-Founder at Mene Inc. Mr. Sebag has been President and Chief Executive Officer of Loma Vista Capital Inc. since 2013. He was the Founder of Natural Resource Holdings, Ltd (now known Blockchain Mining Ltd.) as and served as its Chairman and Chief Executive Officer from 2010 to 2012. He was the Founder and Portfolio Manager of Essentia Equity, Ltd. and served as its Managing Partner from 2004 to 2010. Mr. Sebag has been a Director at GoldMoney Inc. since August 2014. He serves as the Chairperson at GoldMoney Inc. Mr. Sebag serves as the Chairman at Fortress Blockchain Corp.

CEO Compensation
  • Insufficient data for Roy to compare compensation growth.
  • Insufficient data for Roy to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Mene management team in years:

0.5
Average Tenure
  • The average tenure for the Mene management team is less than 2 years, this suggests a new team.
Management Team

Roy Sebag

TITLE
CEO, Co-Founder & Chairman
AGE
32

Robert Lee

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Sunjoo Moon

TITLE
Chief Creative Officer & Director
AGE
51
TENURE
0.5 yrs

Diana Widmaier-Picasso

TITLE
Chief Artistic Officer
TENURE
0.5 yrs
Board of Directors

Roy Sebag

TITLE
CEO, Co-Founder & Chairman
AGE
32

Sunjoo Moon

TITLE
Chief Creative Officer & Director
AGE
51
TENURE
0.2 yrs

Tommaso Chiabra

TITLE
Director
AGE
32

Josh Crumb

TITLE
Director
AGE
38

Michele Ashby

TITLE
Director
AGE
62

Thomas Kennedy

TITLE
Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. Apr 19 Buy Goldmoney Network Limited , Asset Management Arm Company 03. Apr 19 03. Apr 19 50,000 CA$0.67 CA$33,500
29. Mar 19 Buy Goldmoney Network Limited , Asset Management Arm Company 27. Mar 19 27. Mar 19 50,000 CA$0.70 CA$35,000
23. Jan 19 Buy Goldmoney Network Limited , Asset Management Arm Company 21. Jan 19 21. Jan 19 150,000 CA$0.60 CA$90,000
08. Jan 19 Buy Goldmoney Network Limited , Asset Management Arm Company 03. Jan 19 04. Jan 19 200,000 CA$0.58 CA$115,660
01. Jan 19 Buy Goldmoney Network Limited , Asset Management Arm Company 21. Dec 18 24. Dec 18 513,000 CA$0.63 CA$319,680
17. Dec 18 Sell Roy Sebag Individual 30. Nov 18 30. Nov 18 330,000 CA$0.70 CA$231,000
17. Dec 18 Buy Roy Sebag Individual 08. Nov 18 27. Nov 18 1,000,100 CA$0.84 CA$781,818
X
Management checks
We assess Mene's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mene has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Mene Inc's (CVE:MENE) Balance Sheet Strong Enough To Weather A Storm?

Mene Inc (CVE:MENE) is a small-cap stock with a market capitalization of CA$160m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Since MENE is loss-making right now,

Simply Wall St -

Company Info

Description

Mene Inc. designs, manufactures, and markets gold and platinum jewelry. It offers bracelets, necklaces, pendants, earrings, rings, chains, charms, and gifts. The company retails its jewelry products directly to consumer through online portal. The company is based in Paris, France.

Details
Name: Mene Inc.
MENE
Exchange: TSXV
Founded:
CA$153,458,369
232,512,681
Website: http://mene.com
Address: Mene Inc.
6 Place Vendome,
Paris,
Ile-de-France, 75001,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MENE Class B Shares TSX Venture Exchange CA CAD 06. Nov 2018
OTCPK MENE.F Class B Shares Pink Sheets LLC US USD 06. Nov 2018
Number of employees
Current staff
Staff numbers
0
Mene employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:46
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.