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MMX

Maverix MetalsTSX:MMX Stock Report

Market Cap

CA$857.6m

7D

-5.1%

1Y

-11.0%

Updated

30 Nov, 2021

Data

Company Financials +
MMX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

MMX Stock Overview

Maverix Metals Inc. operates as a precious metals royalty and streaming company.

Price History & Performance

Summary of all time highs, changes and price drops for Maverix Metals
Historical stock prices
Current Share PriceCA$5.92
52 Week HighCA$7.74
52 Week LowCA$5.27
Beta0.58
1 Month Change-0.17%
3 Month Change1.89%
1 Year Change-10.98%
3 Year Change20.82%
5 Year Change136.80%
Change since IPO125.95%

Recent News & Updates

Nov 23
Maverix Metals (TSE:MMX) Seems To Use Debt Rather Sparingly

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...

Nov 10
Estimating The Fair Value Of Maverix Metals Inc. (TSE:MMX)

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...

Shareholder Returns

MMXCA Metals and MiningCA Market
7D-5.1%-2.4%-1.3%
1Y-11.0%5.8%23.7%

Return vs Industry: MMX underperformed the Canadian Metals and Mining industry which returned 5.8% over the past year.

Return vs Market: MMX underperformed the Canadian Market which returned 23.7% over the past year.

Price Volatility

Is MMX's price volatile compared to industry and market?
MMX volatility
MMX Average Weekly Movement5.1%
Metals and Mining Industry Average Movement10.7%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

Stable Share Price: MMX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MMX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20169Dan O'Flahertyhttps://www.maverixmetals.com

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

How do Maverix Metals's earnings and revenue compare to its market cap?
MMX fundamental statistics
Market CapUS$670.44m
Earnings (TTM)US$26.65m
Revenue (TTM)US$57.62m

25.3x

P/E Ratio

11.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMX income statement (TTM)
RevenueUS$57.62m
Cost of RevenueUS$12.01m
Gross ProfitUS$45.61m
ExpensesUS$18.96m
EarningsUS$26.65m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin79.16%
Net Profit Margin46.26%
Debt/Equity Ratio6.4%

How did MMX perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

24%

Payout Ratio

Does MMX pay a reliable dividends?

See MMX dividend history and benchmarks
When do you need to buy MMX by to receive an upcoming dividend?
Maverix Metals dividend dates
Ex Dividend DateNov 29 2021
Dividend Pay DateDec 15 2021
Days until Ex dividend1 day
Days until Dividend pay date15 days

Does MMX pay a reliable dividends?

See MMX dividend history and benchmarks

Valuation

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

25.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MMX (CA$5.92) is trading above our estimate of fair value (CA$5.32)

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 (25.3x) compared to the Canadian Metals and Mining industry average (9.7x).

PE vs Market: MMX is poor value based on its PE Ratio (25.3x) compared to the Canadian market (12.5x).


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 (2.4x).


Future Growth

How is Maverix Metals forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-10.4%

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 (-10.4% per year).

Earnings vs Market: MMX's earnings are forecast to decline over the next 3 years (-10.4% per year).

High Growth Earnings: MMX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MMX's revenue (4.9% per year) is forecast to grow slower than the Canadian market (5.6% per year).

High Growth Revenue: MMX's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MMX's Return on Equity is forecast to be low in 3 years time (4.8%).


Past Performance

How has Maverix Metals performed over the past 5 years?

68.7%

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 126.9%.


Return on Equity

High ROE: MMX's Return on Equity (7.2%) is considered low.


Financial Health

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).


Balance Sheet


Dividend

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

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MMX's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.57%).

High Dividend: MMX's dividend (1.08%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).


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 (29.7% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Dan O'Flaherty (39 yo)

5.33yrs

Tenure

US$1,187,726

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 ($USD1.19M) is about average for companies of similar size in the Canadian market ($USD1.15M).

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


Leadership Team

Experienced Management: MMX's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: MMX's board of directors are considered experienced (4.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 3.8%.


Top Shareholders

Company Information

Maverix Metals Inc.'s 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$857.571m
  • Shares outstanding: 145.85m
  • Website: https://www.maverixmetals.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:30
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.