MMX Stock Overview
Maverix Metals Inc. operates as a precious metals royalty and streaming company.
Maverix Metals Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$5.57|
|52 Week High||CA$7.70|
|52 Week Low||CA$5.06|
|1 Month Change||-2.96%|
|3 Month Change||-13.38%|
|1 Year Change||-21.77%|
|3 Year Change||22.15%|
|5 Year Change||66.77%|
|Change since IPO||112.60%|
Recent News & Updates
Maverix Metals (TSE:MMX) Seems To Use Debt Rather Sparingly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Estimating The Fair Value Of Maverix Metals Inc. (TSE:MMX)
In this article we are going to estimate the intrinsic value of Maverix Metals Inc. ( TSE:MMX ) by estimating the...
|MMX||CA Metals and Mining||CA Market|
Return vs Industry: MMX underperformed the Canadian Metals and Mining industry which returned -1.1% over the past year.
Return vs Market: MMX underperformed the Canadian Market which returned 15.9% over the past year.
|MMX Average Weekly Movement||6.1%|
|Metals and Mining Industry Average Movement||10.5%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||17.4%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: MMX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MMX's weekly volatility (6%) has been stable over the past year.
About the Company
Maverix Metals Inc. operates as a precious metals royalty and streaming company. The company explores for gold, silver, lead, zinc, copper, nickel, and other metals. As of December 31, 2020, it owned approximately 100 royalties, streams, and other interests in North America, South America, Australia, and internationally.
Maverix Metals Fundamentals Summary
|MMX fundamental statistics|
Is MMX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMX income statement (TTM)|
|Cost of Revenue||US$12.01m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||46.26%|
How did MMX perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Is Maverix Metals undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MMX (CA$5.57) is trading above our estimate of fair value (CA$5.51)
Significantly Below Fair Value: MMX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MMX is poor value based on its PE Ratio (24.3x) compared to the Canadian Metals and Mining industry average (10.3x).
PE vs Market: MMX is poor value based on its PE Ratio (24.3x) compared to the Canadian market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: MMX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MMX is good value based on its PB Ratio (1.8x) compared to the CA Metals and Mining industry average (2.5x).
How is Maverix Metals forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMX's earnings are forecast to decline over the next 3 years (-43.6% per year).
Earnings vs Market: MMX's earnings are forecast to decline over the next 3 years (-43.6% per year).
High Growth Earnings: MMX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MMX's revenue (5.3% per year) is forecast to grow slower than the Canadian market (5.6% per year).
High Growth Revenue: MMX's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MMX's Return on Equity is forecast to be high in 3 years time
How has Maverix Metals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMX has a large one-off gain of $13.4M impacting its September 30 2021 financial results.
Growing Profit Margin: MMX's current net profit margins (46.3%) are higher than last year (15.6%).
Past Earnings Growth Analysis
Earnings Trend: MMX's earnings have grown significantly by 68.7% per year over the past 5 years.
Accelerating Growth: MMX's earnings growth over the past year (273.5%) exceeds its 5-year average (68.7% per year).
Earnings vs Industry: MMX earnings growth over the past year (273.5%) exceeded the Metals and Mining industry 93.2%.
Return on Equity
High ROE: MMX's Return on Equity (7.2%) is considered low.
How is Maverix Metals's financial position?
Financial Position Analysis
Short Term Liabilities: MMX's short term assets ($60.0M) exceed its short term liabilities ($4.0M).
Long Term Liabilities: MMX's short term assets ($60.0M) exceed its long term liabilities ($27.0M).
Debt to Equity History and Analysis
Debt Level: MMX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MMX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MMX's debt is well covered by operating cash flow (167.3%).
Interest Coverage: MMX's interest payments on its debt are well covered by EBIT (20.8x coverage).
What is Maverix Metals's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MMX's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.61%).
High Dividend: MMX's dividend (1.12%) is low compared to the top 25% of dividend payers in the Canadian market (4.79%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MMX has been paying a dividend for less than 10 years.
Growing Dividend: MMX's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.8%), MMX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MMX's dividends in 3 years are forecast to be well covered by earnings (28.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan O'Flaherty (39 yo)
Mr. Daniel O'Flaherty, also known as Dan, has been Chief Executive Officer at Maverix Metals Inc. since June 17, 2016 and served as President until November 26, 2019. Mr. O'Flaherty was Executive Vice Pres...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.19M) is about average for companies of similar size in the Canadian market ($USD1.09M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Experienced Management: MMX's management team is considered experienced (4.7 years average tenure).
Experienced Board: MMX's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MMX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.8%.
Maverix Metals Inc.'s employee growth, exchange listings and data sources
- Name: Maverix Metals Inc.
- Ticker: MMX
- Exchange: TSX
- Founded: 2016
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$812.359m
- Shares outstanding: 145.85m
- Website: https://www.maverixmetals.com
Number of Employees
- Maverix Metals Inc.
- 510 Burrard Street
- Suite 575
- British Columbia
- V6C 3A8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/23 23:17|
|End of Day Share Price||2022/01/21 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.