Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. More Details
Excellent balance sheet with weak fundamentals.
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
Stable Share Price: GMX's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: GMX exceeded the Canadian Metals and Mining industry which returned 39.5% over the past year.
Return vs Market: GMX exceeded the Canadian Market which returned -9.7% over the past year.
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
2 months ago | Simply Wall StWe Think Globex Mining Enterprises (TSE:GMX) Can Afford To Drive Business Growth
3 months ago | Simply Wall StWhat Kind Of Shareholders Own Globex Mining Enterprises Inc. (TSE:GMX)?
4 months ago | Simply Wall StIs Globex Mining Enterprises Inc. (TSE:GMX) Overpaying Its CEO?
Is Globex Mining Enterprises undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GMX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GMX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GMX is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: GMX 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 GMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GMX is overvalued based on its PB Ratio (8.3x) compared to the CA Metals and Mining industry average (2.7x).
How is Globex Mining Enterprises forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Globex Mining Enterprises's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Globex Mining Enterprises competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Globex Mining Enterprises performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMX is currently unprofitable.
Growing Profit Margin: GMX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GMX is unprofitable, but has reduced losses over the past 5 years at a rate of 45% per year.
Accelerating Growth: Unable to compare GMX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GMX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (56.4%).
Return on Equity
High ROE: GMX has a negative Return on Equity (-19.61%), as it is currently unprofitable.
How is Globex Mining Enterprises's financial position?
Financial Position Analysis
Short Term Liabilities: GMX's short term assets (CA$4.6M) exceed its short term liabilities (CA$173.6K).
Long Term Liabilities: GMX's short term assets (CA$4.6M) exceed its long term liabilities (CA$1.0M).
Debt to Equity History and Analysis
Debt Level: GMX's debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GMX's debt to equity ratio has reduced over the past 5 years.
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: GMX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GMX has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 26.4% each year.
What is Globex Mining Enterprises's current dividend yield, its reliability and sustainability?
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.
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 GMX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jack Stoch (73 yo)
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 ($USD179.03K) is about average for companies of similar size in the Canadian market ($USD178.06K).
Compensation vs Earnings: Jack's compensation has increased whilst the company is unprofitable.
|President||no data||CA$238.25k||8.6% |
|Independent Director||34.67yrs||CA$40.92k||no data|
|Independent Director||37.67yrs||CA$40.92k||0.13% |
|Independent Director||6.25yrs||no data||0.35% |
Experienced Board: GMX's board of directors are seasoned and experienced ( 35.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GMX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Globex Mining Enterprises Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Globex Mining Enterprises Inc.
- Ticker: GMX
- Exchange: TSX
- Founded: 1949
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$38.417m
- Shares outstanding: 54.88m
- Website: https://www.globexmining.com
- Globex Mining Enterprises Inc.
- 89 Belsize Drive
- M4S 1L3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GMX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 1991|
|G1MN||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 1991|
|GLBX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 1991|
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 190 early to mid-stage exploratio ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/25 06:08|
|End of Day Share Price||2020/09/24 00:00|
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.