Globex Mining Enterprises (TSX:GMX) - Share price, News & Analysis

GMX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

GMX Stock Overview

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

Rewards

PE ratio (2.8x) is below the Canadian market (11.5x)

Earnings grew by 233.5% over the past year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (CA$64M)

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 Price	CA$1.16
52 Week High	CA$1.69
52 Week Low	CA$0.90
Beta	1.08
1 Month Change	-28.40%
3 Month Change	-12.78%
1 Year Change	-19.44%
3 Year Change	236.23%
5 Year Change	127.45%
Change since IPO	241.18%

Shareholder Returns

	GMX	CA Metals and Mining	CA Market
7D	-4.1%	4.0%	0.8%
1Y	-19.4%	-7.4%	4.8%

Return vs Industry: GMX underperformed the Canadian Metals and Mining industry which returned -7.3% over the past year.

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

Price Volatility

Is GMX's price volatile compared to industry and market?
GMX volatility
GMX Average Weekly Movement	7.9%
Metals and Mining Industry Average Movement	10.8%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.4%

Stable Share Price: GMX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GMX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1949	n/a	Jack Stoch	https://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 Cap	CA$64.33m
Earnings (TTM)	CA$23.08m
Revenue (TTM)	CA$35.02m

2.8x

P/E Ratio

1.8x

P/S Ratio

Is GMX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GMX income statement (TTM)
Revenue	CA$35.02m
Cost of Revenue	CA$0
Gross Profit	CA$35.02m
Other Expenses	CA$11.94m
Earnings	CA$23.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.42
Gross Margin	100.00%
Net Profit Margin	65.90%
Debt/Equity Ratio	0.0%

How did GMX perform over the long term?

See historical performance and comparison

Valuation

Is Globex Mining Enterprises undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

2.79x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GMX (CA$1.16) is trading above our estimate of fair value (CA$1.06)

Significantly Below Fair Value: GMX is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: GMX is good value based on its PE Ratio (2.8x) compared to the Canadian Metals and Mining industry average (11.3x).

PE vs Market: GMX is good value based on its PE Ratio (2.8x) compared to the Canadian market (11.5x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: GMX is good value based on its PB Ratio (1.9x) compared to the CA Metals and Mining industry average (2x).

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

7.8%

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.

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 -3.8%.

Return on Equity

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

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

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.

Discover strong dividend paying companies

Management

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

37.3yrs

Average board tenure

CEO

Jack Stoch (74 yo)

no data

Tenure

CA$179,160

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 ($USD139.55K) is about average for companies of similar size in the Canadian market ($USD169.92K).

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 ( 37.3 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31