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.

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

-1.3%

GMX

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

33.3%

GMX

12.3%

CA Metals and Mining

1.1%

CA Market

Return vs Industry: GMX exceeded the Canadian Metals and Mining industry which returned 12.3% over the past year.

Return vs Market: GMX exceeded the Canadian Market which returned 1.1% over the past year.


Shareholder returns

GMXIndustryMarket
7 Day-1.3%0.1%-0.2%
30 Day-5.0%-3.5%-2.9%
90 Day-1.3%-4.6%-1.6%
1 Year33.3%33.3%13.2%12.3%4.6%1.1%
3 Year26.7%26.7%-11.5%-13.1%13.1%3.1%
5 Year123.5%123.5%7.5%3.4%24.7%6.7%

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 compared to its fair value and its price relative to the market?

4.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate GMX's fair value to establish if it is undervalued.

Significantly Undervalued: 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 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

Low 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 (4.5x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

43.8%

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.


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

Earnings Trend: GMX is unprofitable, but has reduced losses over the past 5 years at a rate of 53% 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 (-13.7%).


Return on Equity

High ROE: GMX has a negative Return on Equity (-10.16%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GMX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GMX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Globex Mining Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: GMX's short term assets (CA$4.0M) exceeds its short term liabilities (CA$209.8K)

Long Term Liabilities: GMX's short term assets (4.0M) exceeds its long term liabilities (691.6K)


Debt to Equity History and Analysis

Debt Level: GMX's debt to equity ratio (0.2%) is considered satisfactory

Reducing Debt: Insufficient data to determine if GMX's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: GMX has a low level of unsold assets or inventory.

Debt Coverage by Assets: GMX's debt is covered by short term assets (assets are 558.550190x 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.

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 less than a year of cash runway if free cash flow continues to grow 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 vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


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?

34.8yrs

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

Compensation vs. Market: Jack's total compensation ($USD139.51K) is about average for companies of similar size in the Canadian market ($USD121.82K).

Compensation vs Earnings: Jack's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

34.8yrs

Average Tenure

69yo

Average Age

Experienced Board: GMX's board of directors are seasoned and experienced ( 34.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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: 2.1yrs
    • Compensation: CA$55.61k
  • Andrew Newbury

    Corporate Secretary

    • Tenure: 2.1yrs

Board Members

  • Ian Atkinson (69yo)

    Director

    • Tenure: 33.8yrs
    • Compensation: CA$18.08k
  • Jack Stoch (72yo)

    President

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

    Director

    • Tenure: 34.8yrs
    • Compensation: CA$18.08k
  • Chris Bryan (68yo)

    Director

    • Tenure: 36.8yrs
    • 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$20.672m
  • Shares outstanding: 54.40m
  • 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 Analysis2019/10/18 23:37
End of Day Share Price2019/10/18 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.