TSX:MMX

Stock Analysis Report

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Executive Summary

Maverix Metals Inc., a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.

Share Price & News

How has Maverix Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MMX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

MMX

-2.5%

CA Metals and Mining

-0.9%

CA Market


1 Year Return

33.9%

MMX

54.2%

CA Metals and Mining

-4.2%

CA Market

Return vs Industry: MMX underperformed the Canadian Metals and Mining industry which returned 54.2% over the past year.

Return vs Market: MMX exceeded the Canadian Market which returned -4.2% over the past year.


Shareholder returns

MMXIndustryMarket
7 Day-0.9%-2.5%-0.9%
30 Day8.5%-4.0%1.2%
90 Day15.3%-2.3%1.4%
1 Year35.3%33.9%55.4%54.2%-0.7%-4.2%
3 Year120.5%118.3%51.9%48.8%6.6%-3.8%
5 Yearn/a140.6%133.2%34.2%13.5%

Price Volatility Vs. Market

How volatile is Maverix Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Maverix Metals undervalued compared to its fair value and its price relative to the market?

2.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MMX (CA$7.38) is trading above our estimate of fair value (CA$6.99)

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


Price To Earnings Ratio

PE vs Industry: MMX is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: MMX 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 MMX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MMX is good value based on its PB Ratio (2.3x) compared to the CA Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Maverix Metals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

122.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: MMX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MMX's is expected to become profitable in the next 3 years.

Revenue vs Market: MMX's revenue (5.3% per year) is forecast to grow slower than the Canadian market (5.8% 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


Next Steps

Past Performance

How has Maverix Metals performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMX is currently unprofitable.

Growing Profit Margin: MMX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MMX is unprofitable, but has reduced losses over the past 5 years at a rate of 2.5% per year.

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

Earnings vs Industry: MMX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).


Return on Equity

High ROE: MMX has a negative Return on Equity (-2.05%), as it is currently unprofitable.


Next Steps

Financial Health

How is Maverix Metals's financial position?


Financial Position Analysis

Short Term Liabilities: MMX's short term assets ($58.7M) exceed its short term liabilities ($4.6M).

Long Term Liabilities: MMX's short term assets ($58.7M) do not cover its long term liabilities ($76.0M).


Debt to Equity History and Analysis

Debt Level: MMX's debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MMX's debt to equity ratio has reduced 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: Insufficient data to determine if MMX has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MMX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Maverix Metals's current dividend yield, its reliability and sustainability?

0.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MMX's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: MMX's dividend (0.71%) is low compared to the top 25% of dividend payers in the Canadian market (5.78%).


Stability and Growth of Payments

Stable Dividend: MMX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: MMX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MMX is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MMX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Dan O'Flaherty (38 yo)

4.25yrs

Tenure

US$1,427,200

Compensation

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 ($USD837.87K) is below average for companies of similar size in the Canadian market ($USD1.32M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Daniel O'Flaherty
CEO & Director4.25yrsUS$1.43m2.52%
$ 23.8m
Ryan McIntyre
President0.92yrUS$1.20m0.023%
$ 221.4k
Matt Fargey
Chief Financial Officer3.42yrsUS$792.00k0.11%
$ 1.0m
Warren Beil
General Counsel & Corporate Secretary2.33yrsUS$777.00k0.040%
$ 377.3k
Brent Bonney
Vice President of Corporate Development3.67yrsUS$792.00k0.15%
$ 1.4m
Brendan Pidcock
Vice President of Technical Services0.083yrno data0.019%
$ 178.4k
Wayne Vincent
Senior Financial Advisor3.42yrsUS$173.66kno data

3.4yrs

Average Tenure

40yo

Average Age

Experienced Management: MMX's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel O'Flaherty
CEO & Director4.25yrsUS$1.43m2.52%
$ 23.8m
J. C. Spicer
Independent Director4.33yrsUS$103.00k0.66%
$ 6.2m
Geoffrey Burns
Independent Chairman of the Board4.33yrsUS$260.08k4.82%
$ 45.6m
Brian Penny
Independent Director1.25yrsUS$92.00k0.0078%
$ 73.8k
A. Doyle
Director4.33yrsUS$89.00k0.0077%
$ 72.7k
David Scott
Lead Independent Director0.75yrUS$80.00k0.33%
$ 3.1m
Blake Rhodes
Director1.92yrsno datano data
Christopher Barnes
Independent Director4.33yrsUS$95.00k0.47%
$ 4.5m

3.9yrs

Average Tenure

57yo

Average Age

Experienced Board: MMX's board of directors are considered experienced (3.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.6%.


Top Shareholders

Company Information

Maverix Metals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maverix Metals Inc.
  • Ticker: MMX
  • Exchange: TSX
  • Founded: 2016
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$945.651m
  • Shares outstanding: 128.14m
  • Website: https://maverixmetals.com

Location

  • Maverix Metals Inc.
  • 510 Burrard Street
  • Suite 575
  • Vancouver
  • British Columbia
  • V6C 3A8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMXAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJul 2016
MMXTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2016
778BST (Boerse-Stuttgart)YesCommon SharesDEEURJul 2016
7781DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2016

Biography

Maverix Metals Inc., a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, lead, zinc, and other metals. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:26
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.