TSXV:MML.P

Stock Analysis Report

Executive Summary

Magnitude Mining Ltd. intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MML.P has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MML.P

-6.2%

CA Capital Markets

-6.2%

CA Market


1 Year Return

n/a

MML.P

10.2%

CA Capital Markets

-2.0%

CA Market

Return vs Industry: Insufficient data to determine how MML.P performed against the Canadian Capital Markets industry.

Return vs Market: Insufficient data to determine how MML.P performed against the Canadian Market.


Shareholder returns

MML.PIndustryMarket
7 Day0%-6.2%-6.2%
30 Day0%-6.7%-5.0%
90 Day-7.4%-0.5%-2.8%
1 Yearn/a15.2%10.2%1.1%-2.0%
3 Yearn/a22.3%6.8%10.7%0.6%
5 Yearn/a38.0%8.6%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MML.P is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: MML.P 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 MML.P's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MML.P is overvalued based on its PB Ratio (2x) compared to the CA Capital Markets industry average (0.9x).


Next Steps

Future Growth

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

7.9%

Forecasted Diversified Financials 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 Magnitude Mining 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 Magnitude Mining performed over the past 5 years?

-3.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MML.P is currently unprofitable.

Growing Profit Margin: MML.P is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MML.P's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: MML.P is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-13.4%).


Return on Equity

High ROE: MML.P has a negative Return on Equity (-86.08%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Magnitude Mining's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MML.P has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MML.P's debt is covered by short term assets.


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: MML.P has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MML.P has less than a year of cash runway if free cash flow continues to reduce at historical rates of -90% each year


Financial Institutions Analysis

Asset Level: MML.P's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MML.P has a sufficient allowance for bad loans.

Low Risk Liabilities: MML.P reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MML.P has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MML.P has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MML.P has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate MML.P'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 MML.P's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MML.P'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 MML.P's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Katharine De Witt 0

0

Ms. Katharine De Witt serves as a Chief Executive Officer, Corporate Secretary and Director at Magnitude Mining Ltd. Ms. De Witt has had extensive experience reading and analyzing financial statements, par ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76.3%.


Top Shareholders

Company Information

Magnitude Mining Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Magnitude Mining Ltd.
  • Ticker: MML.P
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$233.000k
  • Shares outstanding: 1.86m
  • Website: https://null

Location

  • Magnitude Mining Ltd.
  • 400 Burrard Street
  • Suite 1400
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MML.PTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2018

Biography

Magnitude Mining Ltd. intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:23
End of Day Share Price2020/01/17 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.