CNSX:MJRX

Stock Analysis Report

Global Health Clinics

Executive Summary

Global Health Clinics Ltd. operates in the cannabis industry.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has Global Health Clinics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MJRX

-0.09%

CA Healthcare

0.3%

CA Market


1 Year Return

-93.5%

MJRX

-14.9%

CA Healthcare

0.1%

CA Market

Return vs Industry: MJRX underperformed the Canadian Healthcare industry which returned -14.9% over the past year.

Return vs Market: MJRX underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

MJRXIndustryMarket
7 Day0%-0.09%0.3%
30 Day-50.0%-0.8%-2.5%
90 Day-57.1%-9.5%-1.4%
1 Year-93.5%-93.5%-12.6%-14.9%3.6%0.1%
3 Yearn/a-1.7%-15.4%14.3%4.1%
5 Yearn/a57.5%18.1%25.0%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Global Health Clinics undervalued compared to its fair value and its price relative to the market?

0.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate MJRX's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate MJRX's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MJRX is good value based on its PB Ratio (0x) compared to the CA Healthcare industry average (2.4x).


Next Steps

Future Growth

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

39.6%

Forecasted Healthcare 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 Global Health Clinics 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

  • Examine Global Health Clinics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Global Health Clinics competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Healthcare industry.

Past Performance

How has Global Health Clinics performed over the past 5 years?

-65.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MJRX is unprofitable, and losses have increased over the past 5 years at a rate of -65.1% per year.

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

Earnings vs Industry: MJRX is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (-46%).


Return on Equity

High ROE: MJRX has a negative Return on Equity (-28.8%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MJRX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MJRX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Global Health Clinics's financial position?


Financial Position Analysis

Short Term Liabilities: MJRX's short term assets (CA$1.5M) exceeds its short term liabilities (CA$471.9K)

Long Term Liabilities: MJRX's short term assets (1.5M) exceeds its long term liabilities (419.8K)


Debt to Equity History and Analysis

Debt Level: MJRX's debt to equity ratio (0.5%) is considered satisfactory

Reducing Debt: MJRX's debt to equity ratio has reduced from 2.7% to 0.5% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: MJRX's debt is covered by short term assets (assets are 19.457480x 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: MJRX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MJRX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -66.9% each year


Next Steps

Dividend

What is Global Health Clinics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if MJRX'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 MJRX'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 Global Health Clinics's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Jatinder Dhaliwal 0

0.6yrs

Tenure

0

Mr. Jatinder Dhaliwal serves as the CEO of Global Health Clinics Ltd. Mr. Dhaliwal is Director of Intact Gold Corporation since August 2019. He served as an Interim CEO of Global Health Clinics Ltd. since  ...


Management Age and Tenure

0.8yrs

Average Tenure

Experienced Management: MJRX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

0.9yrs

Average Tenure

Experienced Board: MJRX's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Anthony Jackson

    Chairman & Chief Financial Officer

    • Tenure: 1.2yrs
    • Compensation: CA$72.83k
  • Adrian Makuch

    Corporate Secretary

    • Tenure: 1.2yrs
  • Jatinder Dhaliwal

    CEO & Director

    • Tenure: 0.6yrs
  • Cassidy McCord

    Director of Operations

    • Tenure: 0.2yrs

Board Members

  • Anthony Jackson

    Chairman & Chief Financial Officer

    • Tenure: 1.2yrs
    • Compensation: CA$72.83k
  • Suzette Ramcharan

    Director

    • Tenure: 1.2yrs
  • Jatinder Dhaliwal

    CEO & Director

    • Tenure: 0.6yrs
  • Judy Su

    Director

    • Tenure: 0.4yrs

Company Information

Global Health Clinics Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Health Clinics Ltd.
  • Ticker: MJRX
  • Exchange: CNSX
  • Founded: 2013
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: CA$741.583k
  • Shares outstanding: 49.44m
  • Website: https://www.globalhealthclinics.co

Location

  • Global Health Clinics Ltd.
  • 837 West Hastings Street
  • Suite 400
  • Vancouver
  • British Columbia
  • V6C 3N6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MJRXCNSX (Canadian National Stock Exchange)YesCommon SharesCACADJul 2014
L002DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2014
LRSN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2014

Biography

Global Health Clinics Ltd. operates in the cannabis industry. The company operates medical clinics, which guide patients through the process of becoming legal users of medical marijuana. It is also involve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:20
End of Day Share Price2019/10/15 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.