CNSX:XMG

Stock Analysis Report

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Executive Summary

MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial technologies. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has MGX Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.7%

XMG

-1.1%

CA Metals and Mining

-0.4%

CA Market


1 Year Return

-55.6%

XMG

54.7%

CA Metals and Mining

-3.8%

CA Market

Return vs Industry: XMG underperformed the Canadian Metals and Mining industry which returned 52.9% over the past year.

Return vs Market: XMG underperformed the Canadian Market which returned -3.6% over the past year.


Shareholder returns

XMGIndustryMarket
7 Day-7.7%-1.1%-0.4%
30 Day-25.0%-5.1%0.9%
90 Day-47.8%-1.0%2.1%
1 Year-55.6%-55.6%55.9%54.7%-0.3%-3.8%
3 Year-94.2%-94.2%51.8%48.8%7.5%-3.0%
5 Year-89.5%-89.5%140.8%133.5%34.6%13.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is MGX Minerals undervalued compared to its fair value and its price relative to the market?

0.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: XMG is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

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

23.0%

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 MGX Minerals 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 MGX Minerals performed over the past 5 years?

-41.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XMG is currently unprofitable.

Growing Profit Margin: XMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XMG is unprofitable, and losses have increased over the past 5 years at a rate of 41.3% per year.

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

Earnings vs Industry: XMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).


Return on Equity

High ROE: XMG has a negative Return on Equity (-163.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is MGX Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: XMG's short term assets (CA$2.1M) do not cover its short term liabilities (CA$10.4M).

Long Term Liabilities: XMG's short term assets (CA$2.1M) exceed its long term liabilities (CA$5.4K).


Debt to Equity History and Analysis

Debt Level: XMG's debt to equity ratio (4.9%) is considered satisfactory.

Reducing Debt: XMG's debt to equity ratio has reduced from 14% to 4.9% over the past 5 years.


Balance Sheet


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

Forecast Cash Runway: XMG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

0.6yrs

Average management tenure


CEO

Patrick Power

0.58

Tenure

Mr. Patrick Power serves as Chief Executive Officer and Director at MGX Minerals Inc since March 22, 2020.


Leadership Team

NamePositionTenureCompensationOwnership
Andris Kikauka
VP of Exploration & Director6.25yrsCA$37.35k0.35%
CA$ 29.6k
Patrick Power
CEO & Director0.58yrno datano data
Neil Foran
VP of Operations & Interim CFO0.42yrno datano data

0.6yrs

Average Tenure

Experienced Management: XMG's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andris Kikauka
VP of Exploration & Director6.25yrsCA$37.35k0.35%
CA$ 29.6k
Patrick Power
CEO & Director0.58yrno datano data
Jared Lazerson
Director6.25yrsCA$330.00kno data
Lyndon Patrick
Independent Director6.25yrsCA$70.32k3.55%
CA$ 298.8k

6.3yrs

Average Tenure

Experienced Board: XMG's board of directors are considered experienced (6.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MGX Minerals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MGX Minerals Inc.
  • Ticker: XMG
  • Exchange: CNSX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$8.423m
  • Shares outstanding: 140.39m
  • Website: https://www.mgxminerals.com

Location

  • MGX Minerals Inc.
  • 1080 Howe Street
  • Suite 303
  • Vancouver
  • British Columbia
  • V6Z 2T1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XMGCNSX (Canadian National Stock Exchange)YesNew Common SharesCACADNov 2014
1MGDB (Deutsche Boerse AG)YesNew Common SharesDEEURNov 2014
MGXM.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDNov 2014

Biography

MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial technologies. The company explores for lithium, magnesium oxide, silica, niobium-tan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 00:56
End of Day Share Price2020/10/16 00:00
Earnings2020/04/30
Annual Earnings2019/07/31


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.