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MNO

Meridian Mining UK Societas TSX:MNO Stock Report

Last Price

CA$0.56

Market Cap

CA$94.6m

7D

-6.7%

1Y

-5.1%

Updated

24 Jun, 2022

Data

Company Financials +
MNO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MNO Stock Overview

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil.

Meridian Mining UK Societas Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Meridian Mining UK Societas
Historical stock prices
Current Share PriceCA$0.56
52 Week HighCA$1.34
52 Week LowCA$0.39
Beta1.47
1 Month Change-21.13%
3 Month Change-42.27%
1 Year Change-5.09%
3 Year Change489.47%
5 Year Change-6.67%
Change since IPO-56.59%

Recent News & Updates

Shareholder Returns

MNOCA Metals and MiningCA Market
7D-6.7%-4.8%0.3%
1Y-5.1%-12.6%-4.1%

Return vs Industry: MNO exceeded the Canadian Metals and Mining industry which returned -14.9% over the past year.

Return vs Market: MNO matched the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is MNO's price volatile compared to industry and market?
MNO volatility
MNO Average Weekly Movement10.7%
Metals and Mining Industry Average Movement10.8%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

Stable Share Price: MNO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MNO's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201352Adrian McArthurhttps://www.meridianmining.co

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia.

Meridian Mining UK Societas Fundamentals Summary

How do Meridian Mining UK Societas's earnings and revenue compare to its market cap?
MNO fundamental statistics
Market CapUS$73.24m
Earnings (TTM)-US$28.27m
Revenue (TTM)n/a

0.0x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNO income statement (TTM)
RevenueUS$0
Cost of RevenueUS$328.75k
Gross Profit-US$328.75k
Other ExpensesUS$27.94m
Earnings-US$28.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MNO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MNO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNO?

Other financial metrics that can be useful for relative valuation.

MNO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-6.7x
PEG Ration/a

Price to Book Ratio vs Peers

How does MNO's PB Ratio compare to its peers?

MNO PB Ratio vs Peers
The above table shows the PB ratio for MNO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.6x

Price-To-Book vs Peers: MNO is expensive based on its Price-To-Book Ratio (97x) compared to the peer average (3.6x).


Price to Earnings Ratio vs Industry

How does MNO's PE Ratio compare vs other companies in the Canadian Metals and Mining Industry?

Price-To-Book vs Industry: MNO is expensive based on its Price-To-Book Ratio (97x) compared to the Canadian Metals and Mining industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is MNO's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNO PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio97x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MNO's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MNO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MNO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MNO's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MNO's PEG Ratio to determine if it is good value.


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Future Growth

How is Meridian Mining UK Societas forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MNO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MNO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if MNO's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: MNO is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MNO's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Meridian Mining UK Societas performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MNO is currently unprofitable.

Growing Profit Margin: MNO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNO is unprofitable, and losses have increased over the past 5 years at a rate of 19.3% per year.

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

Earnings vs Industry: MNO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.8%).


Return on Equity

High ROE: MNO has a negative Return on Equity (-3737.6%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Meridian Mining UK Societas's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MNO's short term assets ($7.7M) exceed its short term liabilities ($2.3M).

Long Term Liabilities: MNO's short term assets ($7.7M) do not cover its long term liabilities ($12.6M).


Debt to Equity History and Analysis

Debt Level: MNO is debt free.

Reducing Debt: MNO has no debt compared to 5 years ago when its debt to equity ratio was 35%.


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: MNO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MNO has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.4% each year.


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Dividend

What is Meridian Mining UK Societas's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MNO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MNO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MNO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MNO has not reported any payouts.


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Management

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

1.7yrs

Average management tenure


CEO

Adrian McArthur

1.92yrs

Tenure

US$537,256

Compensation

Dr. Adrian McArthur, B.Sc. Geology (Hons), Ph.D. Science, FAusIMM., serves as the Chief Executive Officer, President and Director of Meridian Mining UK Societas (formerly known as Meridian Mining S.E.) sin...


Leadership Team

Experienced Management: MNO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: MNO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: MNO 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 34.6%.


Top Shareholders

Company Information

Meridian Mining UK Societas's employee growth, exchange listings and data sources


Key Information

  • Name: Meridian Mining UK Societas
  • Ticker: MNO
  • Exchange: TSX
  • Founded: 2013
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$94.601m
  • Shares outstanding: 168.93m
  • Website: https://www.meridianmining.co

Number of Employees


Location

  • Meridian Mining UK Societas
  • 65 Gresham Street
  • 6th Floor
  • London
  • Greater London
  • EC2V 7NQ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 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.