TSX:MMX

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential with mediocre 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


Market Performance


7 Day Return

-2.4%

MMX

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

13.9%

MMX

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: MMX underperformed the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: MMX exceeded the Canadian Market which returned 3.5% over the past year.


Shareholder returns

MMXIndustryMarket
7 Day-2.4%0.5%0.2%
30 Day-5.1%-8.9%-3.3%
90 Day-9.3%-8.0%-1.9%
1 Year13.9%13.9%15.9%15.0%7.3%3.5%
3 Year153.6%153.6%-11.6%-13.2%14.7%4.4%
5 Yearn/a15.4%11.6%26.2%7.7%

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?

11.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MMX (CA$5.58) is trading below our estimate of fair value (CA$6.28)

Significantly Below Fair Value: MMX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MMX is poor value based on its PE Ratio (139.3x) compared to the Metals and Mining industry average (13.4x).

PE vs Market: MMX is poor value based on its PE Ratio (139.3x) compared to the Canadian market (13.7x).


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 overvalued based on its PB Ratio (2.3x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

26.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMX's forecast earnings growth (26.9% per year) is above the savings rate (1.9%).

Earnings vs Market: MMX's earnings (26.9% per year) are forecast to grow faster than the Canadian market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MMX's revenue (7.8% per year) is forecast to grow faster than the Canadian market (5.5% per year).

High Growth Revenue: MMX's revenue (7.8% 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?

66.2%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MMX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare MMX's past year earnings growth to its 5-year average.

Earnings vs Industry: MMX earnings growth over the past year (66.2%) exceeded the Metals and Mining industry -11.9%.


Return on Equity

High ROE: MMX's Return on Equity (1.6%) is considered low.


Return on Assets

ROA vs Industry: MMX's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate MMX's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Maverix Metals's financial position?


Financial Position Analysis

Short Term Liabilities: MMX's short term assets (CA$13.2M) exceeds its short term liabilities (CA$2.0M)

Long Term Liabilities: MMX's short term assets (13.2M) do not cover its long term liabilities (16.6M)


Debt to Equity History and Analysis

Debt Level: MMX's debt to equity ratio (6.2%) is considered satisfactory

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 (158%).

Interest Coverage: MMX's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: MMX has a high level of physical assets or inventory.

Debt Coverage by Assets: MMX's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if MMX'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 MMX'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 Maverix Metals's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Dan O'Flaherty (37yo)

3.3yrs

Tenure

CA$640,015

Compensation

Mr. Daniel O'Flaherty, also known as Dan, has been President and Chief Executive Officer at Maverix Metals Inc. since June 17, 2016. Mr. O'Flaherty was Executive Vice President and Executive Director of An ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Dan's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.4yrs

Average Tenure

39yo

Average Age

Experienced Management: MMX's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

2.9yrs

Average Tenure

54.5yo

Average Age

Experienced Board: MMX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyCA$24,75117 Oct 19
Geoffrey Burns
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares4,500
Max PriceCA$5.57
BuyCA$55,45830 May 19
Geoffrey Burns
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares10,800
Max PriceCA$5.14
SellCA$16,100,00513 May 19
Gold Fields Limited
EntityCompany
Shares3,500,000
Max PriceCA$4.60
SellCA$194,28212 Apr 19
Christopher Barnes
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares35,800
Max PriceCA$5.56
SellCA$22,84008 Apr 19
Christopher Barnes
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,200
Max PriceCA$5.44
SellCA$27026 Nov 18
Steven Busby
EntityIndividual
Shares50
Max PriceCA$5.40
SellCA$54,27029 Oct 18
Steven Busby
EntityIndividual
Shares10,050
Max PriceCA$5.40

Ownership Breakdown


Management Team

  • Wayne Vincent (57yo)

    Senior Financial Advisor

    • Tenure: 2.4yrs
    • Compensation: CA$173.66k
  • Dan O'Flaherty (37yo)

    President

    • Tenure: 3.3yrs
    • Compensation: CA$640.02k
  • Warren Beil (39yo)

    General Counsel & Corporate Secretary

    • Tenure: 1.3yrs
    • Compensation: CA$186.76k
  • Brent Bonney

    Vice President of Corporate Development

    • Tenure: 2.7yrs
    • Compensation: CA$260.00k
  • Matt Fargey

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: CA$307.10k

Board Members

  • J. C. Spicer (53yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: CA$28.00k
  • Geoff Burns (59yo)

    Independent Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: CA$139.05k
  • Brian Penny (56yo)

    Independent Director

    • Tenure: 0.3yrs
  • Rob Doyle

    Director

    • Tenure: 3.3yrs
    • Compensation: CA$17.50k
  • David Scott

    Independent Director

    • Tenure: 0.3yrs
  • Blake Rhodes

    Director

    • Tenure: 0.9yrs
  • Dan O'Flaherty (37yo)

    President

    • Tenure: 3.3yrs
    • Compensation: CA$640.02k
  • Chris Barnes

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: CA$41.25k

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$602.807m
  • Shares outstanding: 108.03m
  • 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, and other precious metals. It  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:34
End of Day Share Price2019/10/22 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.