CNSX:MYR

Stock Analysis Report

Meryllion Resources

Executive Summary

Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MYR

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

-66.7%

MYR

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: MYR underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: MYR underperformed the Canadian Market which returned 4.5% over the past year.


Shareholder returns

MYRIndustryMarket
7 Day0%3.5%-1.5%
30 Day0%5.0%-0.7%
90 Day-50.0%14.3%1.8%
1 Year-66.7%-66.7%7.5%6.8%5.7%2.5%
3 Year-80.0%-80.0%2.8%1.0%16.8%6.2%
5 Year-83.3%-83.3%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Meryllion Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Meryllion Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MYR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Meryllion Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

13.0%

Forecasted Materials 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 Meryllion Resources 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 Meryllion Resources performed over the past 5 years?

64.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYR is currently unprofitable.

Growing Profit Margin: MYR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MYR is unprofitable, but has reduced losses over the past 5 years at a rate of 64.9% per year.

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

Earnings vs Industry: MYR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: MYR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Meryllion Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MYR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MYR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MYR is debt free.

Reducing Debt: MYR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if MYR'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: MYR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MYR has less than a year of cash runway if free cash flow continues to grow at historical rates of 53.8% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MYR'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 MYR'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?

2.0yrs

Average board tenure


CEO

Ben Gelfand 0

0.08yrs

Tenure

Mr. Ben Gelfand serves as the Chief Executive Director of Meryllion Resources Corp. since January 13, 2020. He serves as Managing Director of Investment Banking at Trapeze Capital. Mr. Gelfand serves as th ...


Board Members

NamePositionTenureCompensationOwnership
Ben Gelfand
CEO & Director0.08yrsno data1.35% CA$4.6k
Frank Kordy
Interim CFO0.08yrsno data0.58% CA$2.0k
John Fognani
Independent Director6.3yrsCA$30.19kno data
Alan Grant
Director0.08yrsno datano data

2.0yrs

Average Tenure

Experienced Board: MYR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: MYR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.2%.


Top Shareholders

Company Information

Meryllion Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meryllion Resources Corp.
  • Ticker: MYR
  • Exchange: CNSX
  • Founded: 2013
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$339.242k
  • Shares outstanding: 67.85m
  • Website: https://www.meryllionresources.com

Location

  • Meryllion Resources Corp.
  • 8 King Street
  • Suite 1005
  • Toronto
  • Ontario
  • M5C 1B5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYRCNSX (Canadian National Stock Exchange)YesCommon SharesCACADDec 2013
MYRL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2013
MRQDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2013

Biography

Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties. The company was incorporated in 2013 and is headquartered in Toronto, Canada. Meryllion Resources Corp. is a subsidiary of Kaizen Discovery Inc. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:39
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.