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MMX

Maverix Metals TSX:MMX Stock Report

Last Price

CA$5.41

Market Cap

CA$797.2m

7D

0.2%

1Y

-25.9%

Updated

22 May, 2022

Data

Company Financials +
MMX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends1/6

MMX Stock Overview

Maverix Metals Inc., together with its subsidiaries, operates as a precious metals royalty and streaming company in Canada.

Maverix Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maverix Metals
Historical stock prices
Current Share PriceCA$5.41
52 Week HighCA$7.45
52 Week LowCA$5.00
Beta0.52
1 Month Change-8.31%
3 Month Change-9.98%
1 Year Change-25.89%
3 Year Change2.27%
5 Year Change98.90%
Change since IPO106.49%

Recent News & Updates

May 11
Does Maverix Metals (TSE:MMX) Have A Healthy Balance Sheet?

Does Maverix Metals (TSE:MMX) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

MMXCA Metals and MiningCA Market
7D0.2%4.0%0.8%
1Y-25.9%-7.4%4.8%

Return vs Industry: MMX underperformed the Canadian Metals and Mining industry which returned -7.4% over the past year.

Return vs Market: MMX underperformed the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is MMX's price volatile compared to industry and market?
MMX volatility
MMX Average Weekly Movement6.1%
Metals and Mining Industry Average Movement10.9%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market4.4%

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

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

Maverix Metals Inc., together with its subsidiaries, operates as a precious metals royalty and streaming company in Canada. The company explores for gold, silver, lead, zinc, copper, nickel, and other metals. It has a portfolio of over 100 royalties and streams in the Americas and Australia.

Maverix Metals Fundamentals Summary

How do Maverix Metals's earnings and revenue compare to its market cap?
MMX fundamental statistics
Market CapUS$620.91m
Earnings (TTM)US$12.83m
Revenue (TTM)US$59.11m

48.4x

P/E Ratio

10.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMX income statement (TTM)
RevenueUS$59.11m
Cost of RevenueUS$15.95m
Gross ProfitUS$43.15m
Other ExpensesUS$30.33m
EarningsUS$12.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.087
Gross Margin73.01%
Net Profit Margin21.70%
Debt/Equity Ratio3.3%

How did MMX perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

56%

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 DateMay 30 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend6 days
Days until Dividend pay date22 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?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MMX (CA$5.41) is trading below our estimate of fair value (CA$13.25)

Significantly Below Fair Value: MMX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MMX is poor value based on its PE Ratio (48.4x) compared to the Canadian Metals and Mining industry average (11x).

PE vs Market: MMX is poor value based on its PE Ratio (48.4x) compared to the Canadian market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: MMX is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: MMX is good value based on its PB Ratio (1.7x) compared to the CA Metals and Mining industry average (2x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMX's forecast earnings growth (21.4% per year) is above the savings rate (1.6%).

Earnings vs Market: MMX's earnings (21.4% per year) are forecast to grow faster than the Canadian market (7.6% per year).

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

Revenue vs Market: MMX's revenue (6.6% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: MMX's revenue (6.6% 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?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


58.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MMX has high quality earnings.

Growing Profit Margin: MMX's current net profit margins (21.7%) are lower than last year (67.8%).


Past Earnings Growth Analysis

Earnings Trend: MMX has become profitable over the past 5 years, growing earnings by 58.8% per year.

Accelerating Growth: MMX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMX had negative earnings growth (-65.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (-3.8%).


Return on Equity

High ROE: MMX's Return on Equity (3.4%) is considered low.


Financial Health

How is Maverix Metals's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MMX's short term assets ($36.4M) exceed its short term liabilities ($2.0M).

Long Term Liabilities: MMX's short term assets ($36.4M) exceed its long term liabilities ($18.8M).


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 (302%).

Interest Coverage: MMX's interest payments on its debt are well covered by EBIT (17.1x coverage).


Balance Sheet


Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.19%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 23 2022Ex Dividend DateMay 30 2022Dividend Pay DateJun 15 202216 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MMX's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: MMX's dividend (1.19%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).


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 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.4%), MMX's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (223.4%), MMX's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.0yrs

Average management tenure


CEO

Dan O'Flaherty (39 yo)

5.83yrs

Tenure

US$991,072

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 ($USD991.07K) is below average for companies of similar size in the Canadian market ($USD1.54M).

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 seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: MMX's board of directors are considered experienced (5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MMX insiders have only sold shares 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 4.3%.


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
  • Implied Market Cap: CA$797.154m
  • Shares outstanding: 147.35m
  • 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 Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.