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Maya Gold and Silver

TSX:MYA
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MYA
TSX
CA$167M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Maya Gold and Silver Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of mining properties in Morocco. The last earnings update was 68 days ago. More info.


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MYA Share Price and Events
7 Day Returns
22.1%
TSX:MYA
5.5%
CA Metals and Mining
-0.2%
CA Market
1 Year Returns
-24.2%
TSX:MYA
6.8%
CA Metals and Mining
-2.8%
CA Market
MYA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maya Gold and Silver (MYA) 22.1% 7.1% 5% -24.2% 250% 18%
CA Metals and Mining 5.5% 10.3% 13.7% 6.8% -14% -14.5%
CA Market -0.2% -0.4% -2.3% -2.8% 7.6% 0%
1 Year Return vs Industry and Market
  • MYA underperformed the Metals and Mining industry which returned 6.8% over the past year.
  • MYA underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
MYA
Industry
5yr Volatility vs Market

MYA Value

 Is Maya Gold and Silver 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 Maya Gold and Silver 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maya Gold and Silver.

TSX:MYA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
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:MYA
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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 26.5%) (0.24%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.037 * 5.96%)
8.13%

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

The calculations below outline how an intrinsic value for Maya Gold and Silver 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:MYA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.13%)
2020 1.23 Est @ 4.01% 1.13
2021 1.27 Est @ 3.39% 1.08
2022 1.31 Est @ 2.96% 1.03
2023 1.34 Est @ 2.66% 0.98
2024 1.37 Est @ 2.44% 0.93
2025 1.40 Est @ 2.29% 0.88
2026 1.44 Est @ 2.19% 0.83
2027 1.47 Est @ 2.12% 0.78
2028 1.50 Est @ 2.07% 0.74
2029 1.53 Est @ 2.03% 0.70
Present value of next 10 years cash flows $9.10
TSX:MYA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1.53 × (1 + 1.95%) ÷ (8.13% – 1.95%)
$25.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $25.19 ÷ (1 + 8.13%)10
$11.53
TSX:MYA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9.10 + $11.53
$20.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $20.63 / 79.66
$0.26
TSX:MYA Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:MYA)
1.308
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.26 x 1.308
CA$0.34
Value per share (CAD) From above. CA$0.34
Current discount Discount to share price of CA$2.10
= -1 x (CA$2.10 - CA$0.34) / CA$0.34
-520.1%

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

  • The current share price of Maya Gold and Silver is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Maya Gold and Silver's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maya Gold and Silver's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:MYA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.02
TSX:MYA Share Price ** TSX (2019-07-19) in CAD CA$2.1
TSX:MYA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.765 $1.61
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.53x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.08x

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

** Primary Listing of Maya Gold and Silver.

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

= TSX:MYA Share Price ÷ EPS (both in USD)

= 1.61 ÷ -0.02

-67.5x

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

  • Maya Gold and Silver is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Maya Gold and Silver is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Maya Gold and Silver's expected growth come at a high price?
Raw Data
TSX:MYA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -67.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.89x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.16x

*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 Maya Gold and Silver, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maya Gold and Silver's assets?
Raw Data
TSX:MYA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.52
TSX:MYA Share Price * TSX (2019-07-19) in CAD CA$2.1
TSX:MYA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.765 $1.61
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.4x
Canada Market PB Ratio Median Figure of 2,442 Publicly-Listed Companies 1.44x
TSX:MYA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MYA Share Price ÷ Book Value per Share (both in USD)

= 1.61 ÷ 0.52

3.08x

* Primary Listing of Maya Gold and Silver.

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

  • Maya Gold and Silver is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Maya Gold and Silver'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. Maya Gold and Silver has a total score of 0/6, 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.

MYA Future Performance

 How is Maya Gold and Silver expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maya Gold and Silver has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
29.5%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maya Gold and Silver expected to grow at an attractive rate?
  • Unable to compare Maya Gold and Silver's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maya Gold and Silver's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Maya Gold and Silver's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:MYA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.5%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:MYA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:MYA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2 1 -2
2018-12-31 -2 -3
2018-09-30 -3 -3
2018-06-30 -3 -3
2018-03-31 -2 -1
2017-12-31 -2 -2
2017-09-30 -3 -3
2017-06-30 -3 -3
2017-03-31 -4 -4
2016-12-31 -3 -3
2016-09-30 -4 -2
2016-06-30 -4 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maya Gold and Silver is high growth as no earnings estimate data is available.
  • Unable to determine if Maya Gold and Silver is high growth as no revenue estimate data is available.
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:MYA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Maya Gold and Silver Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MYA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.02
2018-12-31 -0.03
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.06
2017-06-30 -0.06
2017-03-31 -0.07
2016-12-31 -0.07
2016-09-30 -0.06
2016-06-30 -0.16

*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.
  • Unable to establish if Maya Gold and Silver will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Maya Gold and Silver's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Maya Gold and Silver's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Maya Gold and Silver's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Maya Gold and Silver'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.
Maya Gold and Silver has a total score of 0/6, 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.

MYA Past Performance

  How has Maya Gold and Silver 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 Maya Gold and Silver'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.
  • Maya Gold and Silver does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Maya Gold and Silver's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Maya Gold and Silver's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Maya Gold and Silver'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 Maya Gold and Silver Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MYA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2.07 -1.84 1.74
2018-12-31 -2.51 1.74
2018-09-30 -3.14 2.04
2018-06-30 -3.13 1.84
2018-03-31 -1.44 0.82
2017-12-31 -1.72 1.01
2017-09-30 -3.14 1.09
2017-06-30 -2.90 1.07
2017-03-31 -3.64 1.21
2016-12-31 -3.37 1.07
2016-09-30 -2.47 0.94
2016-06-30 -6.26 0.93
2016-03-31 -5.76 0.75
2015-12-31 -6.24 0.78
2015-09-30 -14.28 0.93
2015-06-30 -12.05 1.11
2015-03-31 -12.90 1.79
2014-12-31 -12.83 1.92
2014-09-30 -4.36 2.02
2014-06-30 -3.89 2.01
2014-03-31 -2.42 1.34
2013-12-31 -3.28 1.85
2013-09-30 -3.05 2.10
2013-06-30 -2.84 2.08
2013-03-31 -2.61 2.01
2012-12-31 -2.29 1.72
2012-09-30 -2.72 1.64

*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 Maya Gold and Silver has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Maya Gold and Silver has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Maya Gold and Silver 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 Maya Gold and Silver'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.
Maya Gold and Silver 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.

MYA Health

 How is Maya Gold and Silver'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 Maya Gold and Silver's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maya Gold and Silver is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maya Gold and Silver's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maya Gold and Silver'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 covered by short term assets, assets are 159.4x 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 Maya Gold and Silver Company Filings, last reported 3 months ago.

TSX:MYA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 40.82 0.13 17.12
2018-12-31 39.16 0.09 18.99
2018-09-30 40.95 0.07 21.85
2018-06-30 40.01 0.06 21.82
2018-03-31 18.95 6.38 8.84
2017-12-31 14.58 6.40 5.63
2017-09-30 10.10 6.22 1.45
2017-06-30 9.59 6.21 1.66
2017-03-31 9.96 8.08 3.56
2016-12-31 9.42 8.73 3.18
2016-09-30 10.71 8.75 4.47
2016-06-30 10.35 8.10 3.64
2016-03-31 11.38 9.26 5.91
2015-12-31 8.10 6.32 0.31
2015-09-30 9.39 6.04 0.38
2015-06-30 4.04 11.73 0.75
2015-03-31 4.80 8.72 1.76
2014-12-31 5.56 13.43 1.94
2014-09-30 15.61 11.17 4.21
2014-06-30 15.69 11.17 5.38
2014-03-31 16.61 10.74 9.00
2013-12-31 16.41 1.67 0.31
2013-09-30 15.61 2.12 0.34
2013-06-30 15.79 2.07 0.98
2013-03-31 16.76 1.73 1.77
2012-12-31 18.18 1.77 4.54
2012-09-30 14.44 1.79 2.97
  • Maya Gold and Silver's level of debt (0.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.7% vs 0.3% 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.

  • Maya Gold and Silver has sufficient cash runway for 1.6 years based on current free cash flow.
  • Maya Gold and Silver has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 12.9% each year.
X
Financial health checks
We assess Maya Gold and Silver'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. Maya Gold and Silver has a total score of 6/6, 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.

MYA Dividends

 What is Maya Gold and Silver'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
0%
Current annual income from Maya Gold and Silver dividends.
If you bought CA$2,000 of Maya Gold and Silver shares you are expected to receive CA$0 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?
  • Unable to evaluate Maya Gold and Silver's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Maya Gold and Silver's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:MYA 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 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
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 5.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Maya Gold and Silver has not reported any payouts.
  • Unable to verify if Maya Gold and Silver's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Maya Gold and Silver's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Maya Gold and Silver has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Maya Gold and Silver'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 Maya Gold and Silver afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maya Gold and Silver has a total score of 0/6, see the detailed checks below.


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

MYA Management

 What is the CEO of Maya Gold and Silver'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
Noureddine Mokaddem
COMPENSATION $1,008,506
TENURE AS CEO 2.1 years
CEO Bio

Mr. Noureddine Mokaddem serves as Chairman of the Board at Maya Gold and Silver Inc. since June 13, 2019. He was the President of Maya Gold & Silver Inc. from January 30, 2013 until June 13, 2019. He serves as President at Compagnie Miniere Maya Maroc, SARL since June 17, 2010. Mr. Mokaddem has been Chief Executive Officer at Maya Gold & Silver Inc. since June 14, 2017. He founded Maya Gold and Silver Inc. Mr. Mokaddem has an extensive experience in the mining industry within Africa. He is responsible for the exploration and development of its Amizmiz gold-silver property in Morocco and for the evaluation of new business opportunities. He served as the Chief Operating Officer at Maya Gold & Silver Inc. and Compagnie Miniere Maya Maroc, S.A. since June 17, 2010. He serves as President of Compagnie Minière Maya-Maroc (CMMM) and Zgounder Millenium Silver Mining (ZMSM) a subsidiary of Maya Gold & Silver Inc. He served as an Executive Vice President of Maya Gold & Silver Inc. from June 17, 2010 to January 13, 2013. He held senior role within YNNA Holding, ONA Group and OCP Group and has been important in the development of several large projects and mining operations such as Akka Gold and Guemassa in Morocco. He has been a Director of Maya Gold & Silver Inc. since June 17, 2010. He served as a Director of Encanto Potash Corp. since August 11, 2016 until December 16, 2016. Mr. Mokaddem is a Professional Industrial Engineer and holds a B.Sc. Engineering from State School of Engineers, Mons in Belgium.

CEO Compensation
  • Noureddine's compensation has increased whilst company is loss making.
  • Noureddine's remuneration is higher than average for companies of similar size in Canada.
Management Team

Noureddine Mokaddem

TITLE
Founder
COMPENSATION
$1M
TENURE
2.1 yrs

René Branchaud

TITLE
Corporate Secretary & Director
COMPENSATION
$14K
AGE
59

Christian Derosier

TITLE
Vice President of Exploration
TENURE
10.3 yrs
Board of Directors Tenure

Average tenure and age of the Maya Gold and Silver board of directors in years:

3.1
Average Tenure
72
Average Age
  • The tenure for the Maya Gold and Silver board of directors is about average.
Board of Directors

Noureddine Mokaddem

TITLE
Founder
COMPENSATION
$1M
TENURE
0.1 yrs

René Branchaud

TITLE
Corporate Secretary & Director
COMPENSATION
$14K
AGE
59
TENURE
11.4 yrs

Robert Taub

TITLE
Director
COMPENSATION
$671K
AGE
72
TENURE
2.7 yrs

Elena Clarici

TITLE
Director
COMPENSATION
$63K
TENURE
1.1 yrs

Mac Watson

TITLE
Member of the Advisory Board
COMPENSATION
$7K
AGE
83
TENURE
8.8 yrs

Nikolaos Sofronis

TITLE
Director
COMPENSATION
$12K
TENURE
3.1 yrs

Raymond Wong

TITLE
Director
COMPENSATION
$11K
TENURE
11.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Maya Gold and Silver individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Jul 19 Buy Robert Taub Individual 15. Aug 17 09. Oct 18 659,475 CA$2.42 CA$878,274
07. May 19 Buy Nikolaos Sofronis Individual 07. May 19 07. May 19 2,000 CA$2.14 CA$4,277
06. May 19 Buy Robert Taub Individual 25. Apr 19 25. Apr 19 30,000 CA$2.21 CA$66,300
15. Apr 19 Buy Robert Taub Individual 12. Apr 19 12. Apr 19 13,300 CA$2.27 CA$29,866
21. Feb 19 Buy Robert Taub Individual 19. Feb 19 20. Feb 19 31,700 CA$2.44 CA$75,714
18. Feb 19 Buy Robert Taub Individual 15. Feb 19 15. Feb 19 4,800 CA$2.11 CA$10,128
19. Dec 18 Buy Robert Taub Individual 18. Dec 18 18. Dec 18 10,000 CA$1.81 CA$18,100
17. Dec 18 Buy Robert Taub Individual 14. Dec 18 14. Dec 18 5,400 CA$1.76 CA$9,504
18. Nov 18 Buy Nikolaos Sofronis Individual 13. Nov 18 15. Nov 18 5,000 CA$2.28 CA$11,255
15. Oct 18 Buy Robert Taub Individual 05. Oct 18 05. Oct 18 9,000 CA$2.65 CA$23,850
09. Oct 18 Buy Robert Taub Individual 05. Oct 18 05. Oct 18 19,700 CA$2.63 CA$51,896
05. Oct 18 Buy Robert Taub Individual 03. Oct 18 04. Oct 18 30,300 CA$2.79 CA$83,805
03. Oct 18 Buy Robert Taub Individual 02. Oct 18 02. Oct 18 13,900 CA$2.78 CA$38,627
02. Oct 18 Buy Robert Taub Individual 01. Oct 18 01. Oct 18 49,800 CA$2.66 CA$132,463
26. Sep 18 Buy Robert Taub Individual 25. Sep 18 25. Sep 18 48,200 CA$2.30 CA$110,860
31. Aug 18 Buy Robert Taub Individual 30. Aug 18 30. Aug 18 45,000 CA$2.30 CA$103,351
30. Aug 18 Buy Robert Taub Individual 29. Aug 18 29. Aug 18 40,000 CA$2.34 CA$93,408
23. Aug 18 Buy Robert Taub Individual 22. Aug 18 23. Aug 18 87,000 CA$2.40 CA$208,211
22. Aug 18 Buy Robert Taub Individual 21. Aug 18 21. Aug 18 13,000 CA$2.29 CA$29,752
14. Aug 18 Buy Nikolaos Sofronis Individual 14. Aug 18 14. Aug 18 20,000 CA$2.20 CA$44,000
X
Management checks
We assess Maya Gold and Silver'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. Maya Gold and Silver 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.

MYA News

Simply Wall St News

The Maya Gold and Silver (TSE:MYA) Share Price Has Gained 179%, So Why Not Pay It Some Attention?

View our latest analysis for Maya Gold and Silver We don't think Maya Gold and Silver's revenue of US$2,067,397 is enough to establish significant demand. … For example, investors may be hoping that Maya Gold and Silver finds some valuable resources, before it runs out of money. … Maya Gold and Silver has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

Simply Wall St -

Does The Maya Gold and Silver Inc. (TSE:MYA) Share Price Tend To Follow The Market?

View our latest analysis for Maya Gold and Silver What we can learn from MYA's beta value Given that it has a beta of 0.87, we can surmise that the Maya Gold and Silver share price has not been strongly impacted by broader market volatility (over the last 5 years). … Even when they are traded more actively, the share price is often more susceptible to company specific developments than overall market volatility. … What this means for you: Since Maya Gold and Silver is not heavily influenced by market moves, its share price is probably far more dependend on company specific developments.

Simply Wall St -

Have Insiders Been Buying Maya Gold and Silver Inc. (TSE:MYA) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Maya Gold and Silver Inc. … Maya Gold and Silver Insider Transactions Over The Last Year. … Maya Gold and Silver may have bought shares in the last year, but they didn't sell any

Simply Wall St -

Does Market Volatility Impact Maya Gold and Silver Inc.'s (TSE:MYA) Share Price?

(TSE:MYA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Have Insiders Been Buying Maya Gold and Silver Inc. (TSE:MYA) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Maya Gold and Silver Inc. … But insiders sold 50.00k shares worth CA$140k. … In the last twelve months there was more buying than selling by Maya Gold and Silver insiders

Simply Wall St -

What Kind Of Shareholder Owns Most Maya Gold and Silver Inc (TSE:MYA) Stock?

The big shareholder groups in Maya Gold and Silver Inc (TSE:MYA) have power over the company. … Maya Gold and Silver is a smaller company with a market capitalization of CA$155m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Maya Gold and Silver

Simply Wall St -

MYA Company Info

Description

Maya Gold and Silver Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of mining properties in Morocco. It explores for gold, silver, zinc, lead, tungsten, molybdenum, uranium, and copper deposits. The company’s flagship project is the Zgounder property located in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco. Maya Gold and Silver Inc. was incorporated in 2007 and is headquartered in Montréal, Canada.

Details
Name: Maya Gold and Silver Inc.
MYA
Exchange: TSX
Founded: 2007
CA$167,279,017
79,656,675
Website: http://www.mayagoldsilver.com
Address: Maya Gold and Silver Inc.
1250 René-Lévesque,
Suite 2200,
Montréal,
Quebec, H3B 4W8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MYA Common Shares The Toronto Stock Exchange CA CAD 02. Jul 2008
OTCPK MYAG.F Common Shares Pink Sheets LLC US USD 02. Jul 2008
Number of employees
Current staff
Staff numbers
139
Maya Gold and Silver employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:07
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.