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Mountain Province Diamonds

TSX:MPVD
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPVD
TSX
CA$260M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Mountain Province Diamonds Inc., through its wholly owned subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. The last earnings update was 126 days ago. More info.


Add to Portfolio Compare Print
  • Mountain Province Diamonds has significant price volatility in the past 3 months.
MPVD Share Price and Events
7 Day Returns
-3.9%
TSX:MPVD
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-62.5%
TSX:MPVD
-7.9%
CA Metals and Mining
-0.1%
CA Market
MPVD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mountain Province Diamonds (MPVD) -3.9% -9.5% -28.3% -62.5% -74.7% -76%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • MPVD underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • MPVD underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
MPVD
Industry
5yr Volatility vs Market

MPVD Value

 Is Mountain Province Diamonds undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mountain Province Diamonds to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mountain Province Diamonds.

TSX:MPVD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:MPVD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.17 (1 + (1- 26.5%) (150.28%))
1.98
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.98 * 5.96%)
13.75%

Discounted Cash Flow Calculation for TSX:MPVD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mountain Province Diamonds is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:MPVD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.75%)
2019 67.50 Analyst x3 59.34
2020 124.35 Analyst x2 96.11
2021 125.82 Est @ 1.19% 85.50
2022 127.60 Est @ 1.41% 76.23
2023 129.61 Est @ 1.57% 68.07
2024 131.80 Est @ 1.69% 60.85
2025 134.12 Est @ 1.76% 54.44
2026 136.56 Est @ 1.82% 48.73
2027 139.10 Est @ 1.86% 43.64
2028 141.72 Est @ 1.88% 39.09
Present value of next 10 years cash flows CA$631.99
TSX:MPVD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$141.72 × (1 + 1.95%) ÷ (13.75% – 1.95%)
CA$1,224.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,224.40 ÷ (1 + 13.75%)10
CA$337.69
TSX:MPVD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$631.99 + CA$337.69
CA$969.68
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$969.68 / 210.01
CA$4.62
TSX:MPVD Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$4.62
Current discount Discount to share price of CA$1.24
= -1 x (CA$1.24 - CA$4.62) / CA$4.62
73.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mountain Province Diamonds is available for.
Intrinsic value
>50%
Share price is CA$1.24 vs Future cash flow value of CA$4.62
Current Discount Checks
For Mountain Province Diamonds to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mountain Province Diamonds's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mountain Province Diamonds's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mountain Province Diamonds's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mountain Province Diamonds's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:MPVD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.03
TSX:MPVD Share Price ** TSX (2019-03-18) in CAD CA$1.24
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mountain Province Diamonds.

TSX:MPVD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MPVD Share Price ÷ EPS (both in CAD)

= 1.24 ÷ -0.03

-48.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mountain Province Diamonds is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Mountain Province Diamonds is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Mountain Province Diamonds's expected growth come at a high price?
Raw Data
TSX:MPVD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -48.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
56.4%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mountain Province Diamonds, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mountain Province Diamonds's assets?
Raw Data
TSX:MPVD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$2.35
TSX:MPVD Share Price * TSX (2019-03-18) in CAD CA$1.24
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:MPVD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MPVD Share Price ÷ Book Value per Share (both in CAD)

= 1.24 ÷ 2.35

0.53x

* Primary Listing of Mountain Province Diamonds.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mountain Province Diamonds is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Mountain Province Diamonds's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mountain Province Diamonds has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MPVD Future Performance

 How is Mountain Province Diamonds expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mountain Province Diamonds expected to grow at an attractive rate?
  • Mountain Province Diamonds's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Mountain Province Diamonds's earnings growth is expected to exceed the Canada market average.
  • Mountain Province Diamonds's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:MPVD Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:MPVD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 56.4%
TSX:MPVD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.1%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:MPVD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:MPVD Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 465 1
2021-12-31 400 153 94 1
2020-12-31 344 161 66 3
2019-12-31 352 113 61 2
2018-12-31 316 147 16 2
TSX:MPVD Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 318 130 -5
2018-06-30 308 146 6
2018-03-31 237 72 19
2017-12-31 170 43 17
2017-09-30 93 8 25
2017-06-30 28 -45 -8
2017-03-31 -43 -16
2016-12-31 -18 5
2016-09-30 -22 3
2016-06-30 -18 -18
2016-03-31 -5 -24
2015-12-31 -4 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mountain Province Diamonds's earnings are expected to grow significantly at over 20% yearly.
  • Mountain Province Diamonds's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:MPVD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Mountain Province Diamonds Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MPVD Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.44 0.44 0.44 1.00
2020-12-31 0.32 0.37 0.26 2.00
2019-12-31 0.29 0.39 0.19 2.00
2018-12-31 0.08 0.08 0.08 1.00
TSX:MPVD Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.03
2018-06-30 0.03
2018-03-31 0.12
2017-12-31 0.11
2017-09-30 0.15
2017-06-30 -0.05
2017-03-31 -0.10
2016-12-31 0.03
2016-09-30 0.02
2016-06-30 -0.11
2016-03-31 -0.15
2015-12-31 -0.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mountain Province Diamonds is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mountain Province Diamonds's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mountain Province Diamonds has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MPVD Past Performance

  How has Mountain Province Diamonds performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mountain Province Diamonds's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mountain Province Diamonds does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mountain Province Diamonds's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mountain Province Diamonds's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mountain Province Diamonds's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mountain Province Diamonds Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MPVD Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 317.73 -4.66 22.25
2018-06-30 308.10 5.53 20.30
2018-03-31 236.67 19.36 17.10
2017-12-31 170.11 17.15 16.07
2017-09-30 92.87 24.77 13.36
2017-06-30 27.65 -8.28 11.45
2017-03-31 -16.19 8.65
2016-12-31 4.80 6.28
2016-09-30 2.86 6.03
2016-06-30 -18.35 5.24
2016-03-31 -23.76 6.37
2015-12-31 -43.17 5.90
2015-09-30 -33.38 4.37
2015-06-30 -7.76 4.69
2015-03-31 -3.74 3.92
2014-12-31 -4.39 4.49
2014-09-30 -10.78 10.40
2014-06-30 -18.41 18.08
2014-03-31 -22.99 22.77
2013-12-31 -26.60 26.65
2013-09-30 -22.85 22.96
2013-06-30 -6.05 16.82
2013-03-31 -3.77 14.45
2012-12-31 -3.34 13.96
2012-09-30 -5.60 16.22
2012-06-30 -15.99 15.96
2012-03-31 -14.34 14.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mountain Province Diamonds has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Mountain Province Diamonds used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Mountain Province Diamonds improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mountain Province Diamonds's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mountain Province Diamonds has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MPVD Health

 How is Mountain Province Diamonds's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mountain Province Diamonds's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mountain Province Diamonds is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mountain Province Diamonds's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mountain Province Diamonds's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mountain Province Diamonds Company Filings, last reported 5 months ago.

TSX:MPVD Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 493.90 391.33 27.92
2018-06-30 484.36 416.60 33.51
2018-03-31 336.66 407.67 28.68
2017-12-31 334.74 396.51 43.13
2017-09-30 350.38 430.60 14.87
2017-06-30 322.19 446.67 11.87
2017-03-31 314.27 456.75 18.20
2016-12-31 314.43 428.91 6.84
2016-09-30 322.35 386.16 31.42
2016-06-30 327.57 349.48 19.52
2016-03-31 327.54 292.71 10.96
2015-12-31 308.68 222.93 9.08
2015-09-30 318.06 177.46 31.89
2015-06-30 344.66 118.51 23.58
2015-03-31 346.20 0.00 110.98
2014-12-31 254.91 0.00 81.04
2014-09-30 159.40 0.00 36.67
2014-06-30 160.13 0.00 59.31
2014-03-31 117.30 0.00 39.81
2013-12-31 91.19 0.00 35.69
2013-09-30 68.64 0.00 28.08
2013-06-30 76.42 0.00 33.85
2013-03-31 82.56 0.00 43.59
2012-12-31 87.20 0.00 47.70
2012-09-30 44.23 0.00 5.61
2012-06-30 49.75 0.00 13.26
2012-03-31 53.71 0.00 17.67
  • Mountain Province Diamonds's level of debt (79.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 79.2% today).
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.

  • Whilst loss making Mountain Province Diamonds has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Mountain Province Diamonds has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Mountain Province Diamonds's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mountain Province Diamonds has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MPVD Dividends

 What is Mountain Province Diamonds's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.23%
Current annual income from Mountain Province Diamonds dividends. Estimated to be 6.45% next year.
If you bought CA$2,000 of Mountain Province Diamonds shares you are expected to receive CA$65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mountain Province Diamonds's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.09%).
  • Mountain Province Diamonds's dividend is below the markets top 25% of dividend payers in Canada (5.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:MPVD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:MPVD Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.09 1.00
2019-12-31 0.07 1.00
2018-12-31 0.02 2.00
TSX:MPVD Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-08-08 0.040 2.141

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Mountain Province Diamonds has stable dividend payments.
  • Mountain Province Diamonds only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Mountain Province Diamonds's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Mountain Province Diamonds's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mountain Province Diamonds afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mountain Province Diamonds has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MPVD Management

 What is the CEO of Mountain Province Diamonds's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stuart Brown
AGE 54
TENURE AS CEO 0.7 years
CEO Bio

Mr. Stuart Michael Brown has been President, Chief Executive Officer and Director of Mountain Province Diamonds Inc. since July 1, 2018. Mr. Brown served as the Chief Executive Officer of Firestone Diamonds plc from December 1, 2013 to June 30, 2018. Mr. Brown served as Finance Director of De Beers Centenary AG since March 1, 2006. Mr. Brown served as a Co-Acting Chief Executive Officer of The De Beers Group (formerly De Beers SA) (De Beers Société Anonyme) since December 31, 2010 also served as its Chief Financial Officer from 2006 to February 01, 2012. He served as Head of Finance of De Beers Consolidated Mines Ltd. (DBCM) of De Beers Centenary Ag from March 2003 to March 1, 2006 and took charge of the corporate, financial, tax and accounting issues. He served as Chief Financial Officer of Alacer Gold Corp. since November 01, 2011. He spent 20 years at the De Beers Group. In 1999, he was appointed as Finance Manager for De Beers Global Exploration and in 2001 he was appointed General Manager for De Beers Geological Services in South Africa. This move led to his Head of Finance role for all De Beers companies in South Africa and then to the post of Chief Financial Officer of De Beers Consolidated Mines. Mr. Brown joined De Beers in 1992 at Premier (now Cullinan) Mine and has experience at mine, group exploration and corporate finance levels. He progressed through a series of positions at Cullinan, at Teemane Manufacturing Company in Botswana, Exploration in Kimberley and Johannesburg and Group Finance in Johannesburg. He worked in commerce for six months prior to joining De Beers in 1992. Mr. Brown serves as a Non-Executive Director of Element Six (Pty) Ltd. He served as an Executive Director of Firestone Diamonds plc from September 2, 2013 to June 30, 2018. He has been a Director of De Beers Centenary AG since April 5, 2006. He serves as a Non-Executive Director of Element Six Inc. He served as a Director of The De Beers Group until 2011. He served as Independent Non-executive Director of Namdeb Diamond Corporation (Pty) Limited since May 23, 2006. He served as a Director of De Beers Consolidated Mines Ltd. He served as a Director of Debswana Diamond Company (Pty) Ltd and Namdeb Diamond Corporation. He served as a Director of Element Six S.A. He matriculated at the South African College Schools (SACS) in Cape Town in 1982. He completed his articles in 1991. Mr. Brown completed Accounting articles and studied from Unisa in 1987.

CEO Compensation
  • Insufficient data for Stuart to compare compensation growth.
  • Insufficient data for Stuart to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Mountain Province Diamonds management team in years:

1.4
Average Tenure
54
Average Age
  • The average tenure for the Mountain Province Diamonds management team is less than 2 years, this suggests a new team.
Management Team

Perry Ing

TITLE
VP of Finance
COMPENSATION
CA$883K
AGE
42
TENURE
2.1 yrs

Reid Mackie

TITLE
Vice President of Diamond Marketing
COMPENSATION
CA$661K
TENURE
3.3 yrs

Stuart Brown

TITLE
President
AGE
54
TENURE
0.7 yrs

Tom McCandless

TITLE
Vice President of Exploration
AGE
63
TENURE
0.3 yrs

Jennie Ly

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the Mountain Province Diamonds board of directors in years:

6
Average Tenure
53
Average Age
  • The tenure for the Mountain Province Diamonds board of directors is about average.
Board of Directors

Jonathan Christopher Comerford

TITLE
Non Executive Chairman
COMPENSATION
CA$314K
AGE
46
TENURE
12.8 yrs

Stuart Brown

TITLE
President
AGE
54
TENURE
0.7 yrs

Peeyush Varshney

TITLE
Director
COMPENSATION
CA$281K
AGE
51
TENURE
11.9 yrs

Bruce Dresner

TITLE
Director
COMPENSATION
CA$286K
AGE
70
TENURE
6 yrs

David Whittle

TITLE
Senior Non Executive Director
COMPENSATION
CA$1M
AGE
53
TENURE
0.7 yrs

Carl Verley

TITLE
Independent Director
COMPENSATION
CA$281K
AGE
67
TENURE
21.3 yrs

Karen Goracke

TITLE
Director
COMPENSATION
CA$246K
AGE
51
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mountain Province Diamonds insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Mar 19 Buy Carl Verley Individual 05. Mar 19 05. Mar 19 8,400 CA$1.32 CA$11,088
08. Feb 19 Buy Karen Goracke Individual 08. Feb 19 08. Feb 19 5,000 CA$1.49 CA$7,383
18. Jan 19 Buy Karen Goracke Individual 18. Jan 19 18. Jan 19 5,000 CA$1.63 CA$8,146
20. Dec 18 Buy Vertigol Unlimited Company Company 19. Dec 18 19. Dec 18 68,100 CA$1.78 CA$119,813
19. Dec 18 Buy Vertigol Unlimited Company Company 18. Dec 18 18. Dec 18 8,700 CA$1.68 CA$14,616
18. Dec 18 Buy Vertigol Unlimited Company Company 17. Dec 18 17. Dec 18 50,700 CA$1.65 CA$83,523
17. Dec 18 Buy Vertigol Unlimited Company Company 14. Dec 18 14. Dec 18 34,300 CA$1.65 CA$56,519
14. Dec 18 Buy Vertigol Unlimited Company Company 13. Dec 18 13. Dec 18 2,200 CA$1.56 CA$3,428
14. Dec 18 Buy Vertigol Unlimited Company Company 12. Dec 18 12. Dec 18 91,800 CA$1.60 CA$146,880
13. Dec 18 Buy Vertigol Unlimited Company Company 11. Dec 18 11. Dec 18 100,000 CA$1.63 CA$163,000
11. Dec 18 Buy Vertigol Unlimited Company Company 10. Dec 18 10. Dec 18 100,000 CA$1.67 CA$166,997
11. Dec 18 Buy Vertigol Unlimited Company Company 07. Dec 18 07. Dec 18 17,200 CA$1.66 CA$28,482
07. Dec 18 Buy Vertigol Unlimited Company Company 06. Dec 18 06. Dec 18 5,900 CA$1.57 CA$9,263
19. Nov 18 Buy Carl Verley Individual 16. Nov 18 16. Nov 18 4,638 CA$1.62 CA$7,514
04. May 18 Buy Vertigol Unlimited Company Company 04. May 18 04. May 18 20,646,236 CA$3.13 CA$64,542,197
17. Apr 18 Buy Vertigol Unlimited Company Company 12. Apr 18 13. Apr 18 31,555,322 CA$3.31 CA$73,908,611
04. May 18 Sell Dermot Desmond Individual 04. May 18 04. May 18 -20,646,236 CA$3.13 CA$-64,542,197
17. Apr 18 Sell Bottin (International) Investments, Ltd. Company 12. Apr 18 12. Apr 18 -22,353,720 CA$3.33 CA$-73,964,201
17. Apr 18 Buy Jonathan Christopher Comerford Individual 16. Apr 18 16. Apr 18 33,000 CA$3.15 CA$103,950
17. Apr 18 Buy Dermot Desmond Individual 12. Apr 18 12. Apr 18 10,000 CA$3.33 CA$33,300
X
Management checks
We assess Mountain Province Diamonds's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mountain Province Diamonds has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MPVD News

Simply Wall St News

What does Mountain Province Diamonds Inc's (TSE:MPVD) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Mountain Province Diamonds Inc (TSE:MPVD) with its market cap of CA$615.32m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Mountain Province Diamonds Inc (TSE:MPVD) Is Trading At A 31.25% Discount

I am going to run you through how I calculated the intrinsic value of Mountain Province Diamonds Inc (TSE:MPVD). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is June The Month To Buy Mountain Province Diamonds Inc (TSE:MPVD)?

Mountain Province Diamonds Inc (TSE:MPVD) is considered a high growth stock. … Check out our latest analysis for Mountain Province Diamonds? … Mountain Province Diamonds's growth potential is very attractive

Simply Wall St -

Investors Are Undervaluing Mountain Province Diamonds Inc (TSX:MPVD) By 25.34%, Here Is My Intrinsic Value Calculation

I then discount the sum of these cash flows to arrive at a present value estimate. … 5-year cash flow estimate 2017 2018 2019 2020 2021 Levered FCF (CAD, Millions) CA$-7.00 CA$124.00 CA$128.00 CA$136.00 CA$157.76 Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (16%, capped from 429.69%) Present Value Discounted @ 17.87% CA$-5.94 CA$89.25 CA$78.16 CA$70.46 CA$69.34 Present Value of 5-year Cash Flow (PVCF)= CA$301 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2021 × (1 + g) ÷ (r – g) = CA$158 × (1 + 2.1%) ÷ (17.9% – 2.1%) = CA$1,024 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = CA$1,024 / ( 1 + 17.9%)5 = CA$450 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is CA$751.

Simply Wall St -

Is Mountain Province Diamonds Inc (TSX:MPVD) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MPVD Price per share = 3.57 Earnings per share = 0.155 ∴ Price-Earnings Ratio = 3.57 ÷ 0.155 = 23.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with MPVD, then MPVD’s P/E would naturally be higher since investors would reward MPVD’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with MPVD, MPVD’s P/E would again be higher since investors would reward MPVD’s lower risk with a higher price as well.

Simply Wall St -

MPVD Company Info

Description

Mountain Province Diamonds Inc., through its wholly owned subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. The company’s primary asset is its 49% interest in the Gahcho Kué project comprising four mining leases covering an area of approximately 10,353 acres located in the Northwest Territories, Canada. The company was formerly known as Mountain Province Mining Inc. and changed its name to Mountain Province Diamonds Inc. in October 2000. Mountain Province Diamonds Inc. was founded in 1986 and is headquartered in Toronto, Canada.

Details
Name: Mountain Province Diamonds Inc.
MPVD
Exchange: TSX
Founded: 1986
CA$260,407,206
210,005,812
Website: http://www.mountainprovince.com
Address: Mountain Province Diamonds Inc.
161 Bay Street,
Suite 1410,
Toronto,
Ontario, M5J 2S1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MPVD Common Shares The Toronto Stock Exchange CA CAD 20. Oct 1988
NasdaqGS MPVD Common Shares Nasdaq Global Select US USD 20. Oct 1988
DB MPG Common Shares Deutsche Boerse AG DE EUR 20. Oct 1988
LSE 0V7X Common Shares London Stock Exchange GB CAD 20. Oct 1988
Number of employees
Current staff
Staff numbers
7
Mountain Province Diamonds employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:39
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/01/17
Last earnings filing: 2018/11/12
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.