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GMX

Globex Mining Enterprises TSX:GMX Stock Report

Last Price

CA$1.02

Market Cap

CA$56.6m

7D

-1.9%

1Y

-19.0%

Updated

03 Jul, 2022

Data

Company Financials
GMX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

GMX Stock Overview

Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America.

Globex Mining Enterprises Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Globex Mining Enterprises
Historical stock prices
Current Share PriceCA$1.02
52 Week HighCA$1.69
52 Week LowCA$0.90
Beta1.1
1 Month Change-16.39%
3 Month Change-32.90%
1 Year Change-19.05%
3 Year Change183.33%
5 Year Change104.00%
Change since IPO200.00%

Recent News & Updates

Shareholder Returns

GMXCA Metals and MiningCA Market
7D-1.9%-5.8%-0.8%
1Y-19.0%-18.2%-5.0%

Return vs Industry: GMX matched the Canadian Metals and Mining industry which returned -18.2% over the past year.

Return vs Market: GMX underperformed the Canadian Market which returned -5% over the past year.

Price Volatility

Is GMX's price volatile compared to industry and market?
GMX volatility
GMX Average Weekly Movement8.5%
Metals and Mining Industry Average Movement11.0%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: GMX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GMX's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1949n/aJack Stochhttps://www.globexmining.com

Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 204 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; precious metals, such as gold, silver, platinum, and palladium; specialty metals and minerals comprising manganese, vanadium, titanium oxide, iron, molybdenum, lithium, cobalt, scandium, and antimony, as well as rare earths and associated elements; and industrial minerals consisting of mica, silica, potassic feldspar, pyrophyllite, kaolin, talc, and magnesite. Globex Mining Enterprises Inc. was incorporated in 1949 and is headquartered in Toronto, Canada.

Globex Mining Enterprises Fundamentals Summary

How do Globex Mining Enterprises's earnings and revenue compare to its market cap?
GMX fundamental statistics
Market CapCA$56.58m
Earnings (TTM)CA$23.08m
Revenue (TTM)CA$35.02m

2.5x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GMX income statement (TTM)
RevenueCA$35.02m
Cost of RevenueCA$0
Gross ProfitCA$35.02m
Other ExpensesCA$11.94m
EarningsCA$23.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin100.00%
Net Profit Margin65.90%
Debt/Equity Ratio0.0%

How did GMX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GMX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GMX?

Other financial metrics that can be useful for relative valuation.

GMX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA1.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GMX's PE Ratio compare to its peers?

GMX PE Ratio vs Peers
The above table shows the PE ratio for GMX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average69.7x
MGR Magna Gold
4.2xn/aCA$28.9m
SPOT GoldSpot Discoveries
9.6xn/aCA$45.1m
PE Pure Energy Minerals
263.7xn/aCA$23.8m
ATLY Altaley Mining
1.5x27.5%CA$48.6m
GMX Globex Mining Enterprises
2.5xn/aCA$56.6m

Price-To-Earnings vs Peers: GMX is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (69.7x).


Price to Earnings Ratio vs Industry

How does GMX's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: GMX is good value based on its Price-To-Earnings Ratio (2.5x) compared to the Canadian Metals and Mining industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is GMX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GMX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GMX's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GMX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GMX (CA$1.02) is trading below our estimate of fair value (CA$1.08)

Significantly Below Fair Value: GMX is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

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 Globex Mining Enterprises 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.


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  • Examine whether Globex Mining Enterprises is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Globex Mining Enterprises competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Globex Mining Enterprises performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


78.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GMX has a high level of non-cash earnings.

Growing Profit Margin: GMX's current net profit margins (65.9%) are lower than last year (86%).


Past Earnings Growth Analysis

Earnings Trend: GMX has become profitable over the past 5 years, growing earnings by 78.5% per year.

Accelerating Growth: GMX's earnings growth over the past year (233.5%) exceeds its 5-year average (78.5% per year).

Earnings vs Industry: GMX earnings growth over the past year (233.5%) exceeded the Metals and Mining industry -6%.


Return on Equity

High ROE: GMX's Return on Equity (66.6%) is considered outstanding.


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Financial Health

How is Globex Mining Enterprises's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GMX's short term assets (CA$27.0M) exceed its short term liabilities (CA$206.1K).

Long Term Liabilities: GMX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GMX is debt free.

Reducing Debt: GMX had no debt 5 years ago.

Debt Coverage: GMX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GMX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if GMX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GMX has not reported any payouts.


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Management

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

37.5yrs

Average board tenure


CEO

Jack Stoch (75 yo)

no data

Tenure

CA$200,928

Compensation

Mr. Jack Stoch, B.Sc., P.Geo., serves as the Chief Executive Officer and President of Chibougamau Independent Mines Inc. and Globex Mining Enterprises Inc. Mr. Stoch is also the Owner of Jack Stoch Geocons...


CEO Compensation Analysis

Compensation vs Market: Jack's total compensation ($USD155.58K) is about average for companies of similar size in the Canadian market ($USD191.60K).

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


Board Members

Experienced Board: GMX's board of directors are seasoned and experienced ( 37.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Globex Mining Enterprises Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Globex Mining Enterprises Inc.
  • Ticker: GMX
  • Exchange: TSX
  • Founded: 1949
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$56.577m
  • Shares outstanding: 55.47m
  • Website: https://www.globexmining.com

Location

  • Globex Mining Enterprises Inc.
  • 89 Belsize Drive
  • Toronto
  • Ontario
  • M4S 1L3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.