TSX:OLA

Stock Analysis Report

Executive Summary

Orla Mining Ltd., a mineral exploration and development company, acquires, explores, and develops mineral properties.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Orla Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.7%

OLA

-1.9%

CA Metals and Mining

0.1%

CA Market


1 Year Return

7.0%

OLA

11.8%

CA Metals and Mining

1.6%

CA Market

Return vs Industry: OLA underperformed the Canadian Metals and Mining industry which returned 11.8% over the past year.

Return vs Market: OLA exceeded the Canadian Market which returned 1.6% over the past year.


Shareholder returns

OLAIndustryMarket
7 Day-6.7%-1.9%0.1%
30 Day-7.9%-4.7%-2.9%
90 Day7.0%-5.0%-1.4%
1 Year7.0%7.0%12.7%11.8%5.2%1.6%
3 Yearn/a-11.3%-13.0%13.8%3.7%
5 Yearn/a6.9%2.8%25.3%7.2%

Price Volatility Vs. Market

How volatile is Orla Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Orla Mining undervalued compared to its fair value and its price relative to the market?

1.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate OLA's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate OLA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: OLA is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: OLA is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OLA is overvalued based on its PB Ratio (1.7x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Orla Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

43.4%

Forecasted Materials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if OLA's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if OLA's earnings are forecast to grow faster than the Canadian market

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

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

High Growth Revenue: Insufficient data to determine if OLA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Orla Mining performed over the past 5 years?

-70.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OLA is unprofitable, and losses have increased over the past 5 years at a rate of -70.9% per year.

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

Earnings vs Industry: OLA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: OLA has a negative Return on Equity (-20.33%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: OLA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: OLA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Orla Mining's financial position?


Financial Position Analysis

Short Term Liabilities: OLA's short term assets (CA$5.2M) exceeds its short term liabilities (CA$2.2M)

Long Term Liabilities: OLA's short term assets (5.2M) do not cover its long term liabilities (9.8M)


Debt to Equity History and Analysis

Debt Level: OLA's debt to equity ratio (5.6%) is considered satisfactory

Reducing Debt: OLA's debt to equity ratio has increased from 0.02% to 5.6% over the past 5 years.


Balance Sheet

Inventory Level: OLA has a high level of physical assets or inventory.

Debt Coverage by Assets: OLA's debt is not covered by short term assets (assets are 0.6x debt).


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

Forecast Cash Runway: OLA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -66.8% each year


Next Steps

Dividend

What is Orla Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OLA's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Orla Mining's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Jason Simpson (45yo)

0.9yrs

Tenure

CA$1,638,554

Compensation

Mr. Jason Douglas Simpson has been President, Director & Chief Executive Officer of Orla Mining Ltd. since November 12, 2018. Mr. Simpson served as Chief Operating Officer of Torex Gold Resources Inc. from ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jason's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Insufficient data to compare Jason's compensation with company performance.


Management Age and Tenure

1.5yrs

Average Tenure

Experienced Management: OLA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: OLA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: OLA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

BuyCA$4,919,99908 Oct 19
Lassonde Family Foundation, Endowment Arm
EntityCompany
Shares3,000,000
Max PriceCA$1.64
SellCA$4,919,99908 Oct 19
Pierre Lassonde
EntityIndividual
Shares3,000,000
Max PriceCA$1.64
BuyCA$50,00017 May 19
Jason Simpson
EntityIndividual
Role
Chief Executive Officer
President
Shares50,000
Max PriceCA$1.00
BuyCA$26,25012 Apr 19
Etienne Morin
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares25,000
Max PriceCA$1.05
BuyCA$27,15625 Mar 19
Timothy Haldane
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares25,000
Max PriceCA$1.09

Ownership Breakdown


Management Team

  • Paul Robertson

    • Tenure: 1.5yrs
    • Compensation: CA$71.25k
  • Hans Smit (59yo)

    COO & Director

    • Tenure: 0.08yrs
    • Compensation: CA$624.84k
  • Jason Simpson (45yo)

    President

    • Tenure: 0.9yrs
    • Compensation: CA$1.64m
  • Etienne Morin

    Chief Financial Officer

    • Tenure: 1.5yrs
    • Compensation: CA$900.64k
  • Christine Gregory

    Corporate Secretary

    • Tenure: 1.3yrs

Board Members

  • Chuck Jeannes (61yo)

    Non-Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: CA$202.70k
  • Ritch Hall (69yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CA$105.44k
  • Tim Haldane (62yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CA$105.44k
  • George Albino (61yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CA$109.19k
  • Jean Robitaille (56yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CA$100.44k
  • Hans Smit (59yo)

    COO & Director

    • Tenure: 0.08yrs
    • Compensation: CA$624.84k
  • Jason Simpson (45yo)

    President

    • Tenure: 0.9yrs
    • Compensation: CA$1.64m
  • Elizabeth McGregor (42yo)

    Director

    • Tenure: 0.3yrs
  • David Stephens (37yo)

    Non-Executive Director

    • Tenure: 1.6yrs

Company Information

Orla Mining Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orla Mining Ltd.
  • Ticker: OLA
  • Exchange: TSX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$281.826m
  • Shares outstanding: 185.41m
  • Website: https://www.orlamining.com

Number of Employees


Location

  • Orla Mining Ltd.
  • 595 Howe Street
  • Suite 202
  • Vancouver
  • British Columbia
  • V6C 2T5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLATSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2016
ORRL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2016
O8MDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2016

Biography

Orla Mining Ltd., a mineral exploration and development company, acquires, explores, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:34
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.