CNSX:SPMT

Stock Analysis Report

Spearmint Resources

Executive Summary

Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada and the United States.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-14.3%

SPMT

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

0%

SPMT

5.2%

CA Metals and Mining

4.7%

CA Market

Return vs Industry: SPMT underperformed the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: SPMT underperformed the Canadian Market which returned 4.6% over the past year.


Shareholder returns

SPMTIndustryMarket
7 Day-14.3%4.7%0.1%
30 Day0%4.2%0.8%
90 Day100.0%15.2%3.7%
1 Year0%0%5.8%5.2%7.9%4.7%
3 Year0%0%-2.4%-4.0%17.9%7.3%
5 Year-40.0%-40.0%25.6%22.0%33.8%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SPMT is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price to Book Ratio

PB vs Industry: SPMT is overvalued based on its PB Ratio (4x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

13.6%

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 Spearmint 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 Spearmint Resources performed over the past 5 years?

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPMT is currently unprofitable.

Growing Profit Margin: SPMT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPMT is unprofitable, and losses have increased over the past 5 years at a rate of -19% per year.

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

Earnings vs Industry: SPMT 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: SPMT has a negative Return on Equity (-35.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Spearmint Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SPMT's short term assets (CA$19.5K) do not cover its short term liabilities (CA$96.9K).

Long Term Liabilities: SPMT's short term assets (CA$19.5K) do not cover its long term liabilities (CA$375.0K).


Debt to Equity History and Analysis

Debt Level: SPMT is debt free.

Reducing Debt: SPMT currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

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

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

Forecast Cash Runway: SPMT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -40.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.3yrs

Average management tenure


CEO

Jim Nelson (42yo)

3.3yrs

Tenure

CA$2,500

Compensation

Mr. James Nelson, also known as Jim, has been President and Secretary of Cruz Capital Corp. (formerly, Brookemont Capital Inc.) since April 24, 2015 and serves as its Chief Executive Officer. Mr. Nelson se ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD1.89K) is below average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Nelson
CEO, President3.3yrsCA$2.50k0.043% CA$2.1k
Cindy Cai
Chief Financial Officer6.3yrsCA$30.00kno data
Seth Kay
Chief Operating Officer1.3yrsno datano data
David Stadnyk
Consultant1.3yrsno datano data

2.3yrs

Average Tenure

48yo

Average Age

Experienced Management: SPMT's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Nelson
CEO, President3.3yrsCA$2.50k0.043% CA$2.1k
Gregory Thomson
Independent Director8yrsCA$2.50kno data
Dennis Aalderink
Independent Director2.2yrsCA$2.50kno data

5.8yrs

Average Tenure

Experienced Board: SPMT's board of directors are considered experienced (5.8 years average tenure).


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 diluted in the past year, with total shares outstanding growing by 19.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Spearmint Resources Inc.
  • Ticker: SPMT
  • Exchange: CNSX
  • Founded: 2009
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.869m
  • Shares outstanding: 162.30m
  • Website: https://www.spearmintresources.ca

Location

  • Spearmint Resources Inc.
  • 701 West Georgia Street
  • Suite 1470
  • Vancouver
  • British Columbia
  • V7Y 1C6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPMTCNSX (Canadian National Stock Exchange)YesCommon SharesCACADApr 2010
SPMT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2010
SQHDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2010

Biography

Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada and the United States. It holds 100% interests in the BC EL North, EL North 2, and EL North 3 Nickel-Copper; the BC NEBA Copper-Gold prospects; the BC Gold Triangle prospects; and the BC Henry Gold-Copper prospect located in the Golden Triangle, British Columbia. The company also holds 100% interests in the BC Gold Mountain property located near the town of Wells, British Columbia; four vanadium prospects of the Chibougamau vanadium prospects located in the direct vicinity of Lac Chibougamau, Quebec; the BC Safari Copper-Gold property located in north-central British Columbia; and the BC Hammernose Gold property located in the Spences Bridge gold belt in Southern British Colombia. In addition, it holds 100% interests in the Clayton Valley Lithium prospects located in Nevada; and the BC Nickel N. property located in British Columbia. Further, the company owns interest in the Prickle property covering an area of 4,980 contiguous acres in the Golden Triangle of British Columbia; the River Valley East platinum-palladium prospect that covers an area of approximately 4,700 contiguous acres in Ontario; and the Perron-East Gold Prospects consisting of 5 mineral claim blocks covering approximately 10,000 acres located in the Abitibi greenstone belt of northwestern Quebec. The company was formerly known as Indefinitely Capital Corp. and changed its name to Spearmint Resources Inc. in February 2012. Spearmint Resources Inc. was incorporated in 2009 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 Analysis2020/02/22 01:59
End of Day Share Price2020/02/21 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


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.