Imperial Metals (TSX:III) - Share price, News & Analysis

III fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

III Stock Overview

Imperial Metals Corporation, a mining company, engages in the acquisition, exploration, development, mining, and production of base and precious metals in Canada.

Risk Analysis

Earnings have declined by 3.5% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Imperial Metals Competitors

Copper Mountain Mining

TSX:CMMC

CA$418.5m

Taseko Mines

TSX:TKO

CA$443.8m

Ero Copper

TSX:ERO

CA$1.1b

Capstone Copper

TSX:CS

CA$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Imperial Metals
Historical stock prices
Current Share Price	CA$3.00
52 Week High	CA$4.75
52 Week Low	CA$2.77
Beta	1.25
1 Month Change	-9.09%
3 Month Change	-21.47%
1 Year Change	-34.92%
3 Year Change	20.48%
5 Year Change	-34.07%
Change since IPO	252.94%

Shareholder Returns

	III	CA Metals and Mining	CA Market
7D	-1.3%	-5.9%	-0.4%
1Y	-34.9%	-12.1%	-2.9%

Return vs Industry: III underperformed the Canadian Metals and Mining industry which returned -10.5% over the past year.

Return vs Market: III underperformed the Canadian Market which returned -2.6% over the past year.

Price Volatility

Is III's price volatile compared to industry and market?
III volatility
III Average Weekly Movement	5.8%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	10.1%
10% most volatile stocks in CA Market	17.3%
10% least volatile stocks in CA Market	4.4%

Stable Share Price: III is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: III's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1959	n/a	J. Kynoch	https://www.imperialmetals.com

Imperial Metals Corporation, a mining company, engages in the acquisition, exploration, development, mining, and production of base and precious metals in Canada. It holds 100% interests in the Mount Polley copper-gold mine that includes seven mining leases and 50 mineral claims covering an area of 23,369 hectares located in south-central British Columbia; and the Huckleberry copper mine, which comprises two mining leases and 49 mineral claims covering an area of 25,767 hectares situated in west-central British Columbia. The company also holds a 30% interest in the Red Chris copper-gold mine located in northwest British Columbia.

Imperial Metals Fundamentals Summary

How do Imperial Metals's earnings and revenue compare to its market cap?
III fundamental statistics
Market Cap	CA$464.61m
Earnings (TTM)	-CA$30.45m
Revenue (TTM)	CA$133.67m

3.5x

P/S Ratio

-15.3x

P/E Ratio

Is III overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
III income statement (TTM)
Revenue	CA$133.67m
Cost of Revenue	CA$153.05m
Gross Profit	-CA$19.38m
Other Expenses	CA$11.07m
Earnings	-CA$30.45m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.20
Gross Margin	-14.50%
Net Profit Margin	-22.78%
Debt/Equity Ratio	7.5%

How did III perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 III?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for III. This is calculated by dividing III's market cap by their current preferred multiple.
What is III's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CA$464.61m

III 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/Revenue	3.8x
Enterprise Value/EBITDA	-245.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does III's PS Ratio compare to its peers?

III PS Ratio vs Peers

The above table shows the PS ratio for III vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	1.4x
CMMC Copper Mountain Mining	0.8x	23.9%	CA$418.5m
TKO Taseko Mines	0.9x	6.5%	CA$443.8m
ERO Ero Copper	1.8x	20.4%	CA$1.1b
CS Capstone Copper	2.2x	18.6%	CA$2.5b
III Imperial Metals	3.5x	n/a	CA$464.6m

Forward PS

Price-To-Sales vs Peers: III is expensive based on its Price-To-Sales Ratio (3.5x) compared to the peer average (1.4x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: III is expensive based on its Price-To-Sales Ratio (3.5x) compared to the Canadian Metals and Mining industry average (2.6x)

Price to Sales Ratio vs Fair Ratio

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

III PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.5x
Fair PS Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate III's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate III's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

Discover undervalued companies

Future Growth

How is Imperial Metals 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 Imperial Metals 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.

Discover growth companies

Take a look at our analysis of III’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
Imperial Metals competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Imperial Metals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-3.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: III is currently unprofitable.

Growing Profit Margin: III is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: III is unprofitable, and losses have increased over the past 5 years at a rate of 3.5% per year.

Accelerating Growth: Unable to compare III's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: III is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.8%).

Return on Equity

High ROE: III has a negative Return on Equity (-4.03%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Imperial Metals's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: III's short term assets (CA$61.5M) do not cover its short term liabilities (CA$105.6M).

Long Term Liabilities: III's short term assets (CA$61.5M) do not cover its long term liabilities (CA$328.6M).

Debt to Equity History and Analysis

Debt Level: III's net debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: III's debt to equity ratio has reduced from 229.8% to 7.5% over the past 5 years.

Balance Sheet

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: III has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: III has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.8% each year

Discover healthy companies

Dividend

What is Imperial Metals'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 III's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if III'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 III has not reported any payouts.

Discover strong dividend paying companies

Management

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

5.1yrs

Average management tenure

CEO

J. Kynoch

19.42yrs

Tenure

CA$405,061

Compensation

Mr. J. Brian Kynoch, B.A.Sc., P.Eng., has been President of Imperial Metals Corporation since January 21, 2003 and serves as its Chief Executive Officer. Mr. Kynoch serves as President and Secretary at Ame...

CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD314.24K) is below average for companies of similar size in the Canadian market ($USD1.20M).

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

Leadership Team

Experienced Management: III's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Experienced Board: III's board of directors are seasoned and experienced ( 17.1 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: III insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/28 00:00
End of Day Share Price	2022/06/28 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31