TSX:GMX

Stock Analysis Report

Globex Mining Enterprises

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Risks

  • Globex Mining Enterprises is not covered by any analysts.

Share Price & News

How has Globex Mining Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.9%

TSX:GMX

1.6%

CA Metals and Mining

1.6%

CA Market


1 Year Return

14.5%

TSX:GMX

21.6%

CA Metals and Mining

-0.3%

CA Market

GMX underperformed the Metals and Mining industry which returned 20.2% over the past year.

GMX outperformed the Market in Canada which returned -0.5% over the past year.


Share holder returns

GMXIndustryMarket
7 Day3.9%1.6%1.6%
30 Day12.9%1.7%4.1%
90 Day9.7%10.5%1.1%
1 Year14.5%14.5%22.6%21.6%3.3%-0.3%
3 Year19.7%19.7%-10.6%-12.3%19.3%8.6%
5 Year97.5%97.5%2.3%-1.5%21.6%4.1%

Price Volatility Vs. Market

How volatile is Globex Mining Enterprises's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Globex Mining Enterprises undervalued based on future cash flows and its price relative to the stock market?

4.71x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Globex Mining Enterprises to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Globex Mining Enterprises to establish if it is available at substantial discount.


Price Based on Earnings

Globex Mining Enterprises is loss making, we can't compare its value to the CA Metals and Mining industry average.

Globex Mining Enterprises is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Globex Mining Enterprises, we can't assess if its growth is good value.


Price Based on Value of Assets

Globex Mining Enterprises is overvalued based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

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

34.2%

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.


Next Steps

Past Performance

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

53.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Globex Mining Enterprises does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Globex Mining Enterprises's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Globex Mining Enterprises's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Globex Mining Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Globex Mining Enterprises has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Globex Mining Enterprises improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Globex Mining Enterprises's financial position?


Financial Position Analysis

Globex Mining Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Globex Mining Enterprises's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Globex Mining Enterprises's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Globex Mining Enterprises's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 558.6x 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.

Globex Mining Enterprises has sufficient cash runway for 2.1 years based on current free cash flow.

Globex Mining Enterprises has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.2% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Globex Mining Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Globex Mining Enterprises's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Globex Mining Enterprises has not reported any payouts.

Unable to verify if Globex Mining Enterprises's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Globex Mining Enterprises has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Globex Mining Enterprises's salary, the management and board of directors tenure and is there insider trading?

34.7yrs

Average board tenure


CEO

Jack Stoch (72yo)

0yrs

Tenure

CA$183,226

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

Jack's remuneration is about average for companies of similar size in Canada.

Jack's compensation has increased whilst company is loss making.


Board Age and Tenure

34.7yrs

Average Tenure

69yo

Average Age

The average tenure for the Globex Mining Enterprises board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Globex Mining Enterprises individual insiders in the past 3 months.


Recent Insider Transactions

BuyCA$60,00011 Jul 19
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares150,000
Max PriceCA$0.40
BuyCA$92,80006 Feb 19
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares320,000
Max PriceCA$0.29
BuyCA$7,25029 Jan 19
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares25,000
Max PriceCA$0.29
BuyCA$7,25029 Jan 19
Dianne Stoch
EntityIndividual
Role
Member of the Board of Directors
Director
Shares25,000
Max PriceCA$0.29
BuyCA$13,00006 Dec 18
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares50,000
Max PriceCA$0.26
BuyCA$2,66014 Nov 18
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$0.27
BuyCA$15,66002 Nov 18
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares58,000
Max PriceCA$0.27
BuyCA$11,30001 Nov 18
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares40,000
Max PriceCA$0.28
BuyCA$15,76031 Oct 18
Jack Stoch
EntityIndividual
Role
Chief Executive Officer
President
Shares55,500
Max PriceCA$0.28

Ownership Breakdown


Management Team

  • Jack Stoch (72yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$183.23k
  • Carm Marrelli (48yo)

    Chief Financial Officer

    • Tenure: 2yrs
    • Compensation: CA$55.61k
  • Andrew Newbury

    Corporate Secretary

    • Tenure: 2yrs

Board Members

  • Ian Atkinson (69yo)

    Director

    • Tenure: 33.7yrs
    • Compensation: CA$18.08k
  • Jack Stoch (72yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$183.23k
  • Dianne Stoch (70yo)

    Director

    • Tenure: 34.7yrs
    • Compensation: CA$18.08k
  • Chris Bryan (68yo)

    Director

    • Tenure: 36.7yrs
    • Compensation: CA$18.08k
  • Hans van Hoof (53yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: CA$18.08k

Company Information

Globex Mining Enterprises Inc.'s company bio, 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
  • Market Cap: CA$21.491m
  • Shares outstanding: 54.41m
  • Website: https://www.globexmining.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GMXTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 1991
G1MNDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1991
GLBX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1991

Biography

Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 160 early to mid-stage exploratio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 23:35
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.