company background image
AFM

Alphamin Resources TSXV:AFM Stock Report

Last Price

CA$0.72

Market Cap

CA$915.7m

7D

-4.0%

1Y

-7.7%

Updated

17 Aug, 2022

Data

Company Financials +
AFM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends4/6

AFM Stock Overview

Alphamin Resources Corp., together with its subsidiaries, engages in the extraction, production, and sale of tin concentrates in the Democratic Republic of the Congo.

Alphamin Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alphamin Resources
Historical stock prices
Current Share PriceCA$0.72
52 Week HighCA$1.46
52 Week LowCA$0.61
Beta1.12
1 Month Change2.86%
3 Month Change-30.10%
1 Year Change-7.69%
3 Year Change220.00%
5 Year Change89.47%
Change since IPO213.04%

Recent News & Updates

Jul 21
Should You Be Adding Alphamin Resources (CVE:AFM) To Your Watchlist Today?

Should You Be Adding Alphamin Resources (CVE:AFM) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

AFMCA Metals and MiningCA Market
7D-4.0%-2.4%1.5%
1Y-7.7%-13.2%2.1%

Return vs Industry: AFM exceeded the Canadian Metals and Mining industry which returned -12.7% over the past year.

Return vs Market: AFM underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is AFM's price volatile compared to industry and market?
AFM volatility
AFM Average Weekly Movement10.7%
Metals and Mining Industry Average Movement11.4%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
1981n/aMaritz Smithhttps://www.alphaminresources.com

Alphamin Resources Corp., together with its subsidiaries, engages in the extraction, production, and sale of tin concentrates in the Democratic Republic of the Congo. Its flagship property is the Mpama North Tin project that consists of five exploration licenses and one current mining license covering an area of 1,270 square kilometers located in the North Kivu Province of the Democratic Republic of Congo. The company was formerly known as La Plata Gold Corporation and changed its name to Alphamin Resources Corp. in October 2008.

Alphamin Resources Fundamentals Summary

How do Alphamin Resources's earnings and revenue compare to its market cap?
AFM fundamental statistics
Market CapCA$915.74m
Earnings (TTM)CA$142.40m
Revenue (TTM)CA$602.87m

6.4x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFM income statement (TTM)
RevenueUS$466.50m
Cost of RevenueUS$180.23m
Gross ProfitUS$286.27m
Other ExpensesUS$176.08m
EarningsUS$110.19m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.087
Gross Margin61.37%
Net Profit Margin23.62%
Debt/Equity Ratio1.3%

How did AFM perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

53%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AFM 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/Revenue1.3x
Enterprise Value/EBITDA2.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does AFM's PE Ratio compare to its peers?

AFM PE Ratio vs Peers
The above table shows the PE ratio for AFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.4x
ALS Altius Minerals
26x-9.7%CA$859.7m
MDI Major Drilling Group International
14.2x13.1%CA$757.3m
LGO Largo
17.5x64.4%CA$595.8m
TI Titan Mining
19.8xn/aCA$75.0m
AFM Alphamin Resources
6.4xn/aCA$915.7m

Price-To-Earnings vs Peers: AFM is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (19.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: AFM is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Canadian Metals and Mining industry average (9.9x)


Price to Earnings Ratio vs Fair Ratio

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

AFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AFM (CA$0.72) is trading below our estimate of fair value (CA$23.19)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AFM's forecast earnings growth is above the savings rate (1.6%).

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

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

Revenue vs Market: AFM's revenue (9.1% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: AFM's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Discover growth companies

Past Performance

How has Alphamin Resources performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


85.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AFM has high quality earnings.

Growing Profit Margin: AFM's current net profit margins (23.6%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: AFM has become profitable over the past 5 years, growing earnings by 85.8% per year.

Accelerating Growth: AFM's earnings growth over the past year (2791.4%) exceeds its 5-year average (85.8% per year).

Earnings vs Industry: AFM earnings growth over the past year (2791.4%) exceeded the Metals and Mining industry -16%.


Return on Equity

High ROE: AFM's Return on Equity (36.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Alphamin Resources's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AFM's short term assets ($216.8M) exceed its short term liabilities ($81.1M).

Long Term Liabilities: AFM's short term assets ($216.8M) exceed its long term liabilities ($28.7M).


Debt to Equity History and Analysis

Debt Level: AFM has more cash than its total debt.

Reducing Debt: Insufficient data to determine if AFM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AFM's debt is well covered by operating cash flow (4567%).

Interest Coverage: AFM's interest payments on its debt are well covered by EBIT (63.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Alphamin Resources's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AFM's dividend (8.2%) is higher than the bottom 25% of dividend payers in the Canadian market (1.85%).

High Dividend: AFM's dividend (8.2%) is in the top 25% of dividend payers in the Canadian market (5.28%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether AFM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AFM's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.7%), AFM's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (29.7%), AFM's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.2yrs

Average management tenure


CEO

Maritz Smith

3yrs

Tenure

US$634,615

Compensation

Mr. Maritz Smith serves as Chief Executive Officer at Alphamin Resources Corp. since August 09, 2019 and serves as its Director since April 30, 2018. Mr. Smith is a seasoned business executive with signifi...


CEO Compensation Analysis

Compensation vs Market: Maritz's total compensation ($USD634.62K) is below average for companies of similar size in the Canadian market ($USD1.60M).

Compensation vs Earnings: Maritz's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AFM's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: AFM's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 6.7%.


Top Shareholders

Company Information

Alphamin Resources Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Alphamin Resources Corp.
  • Ticker: AFM
  • Exchange: TSXV
  • Founded: 1981
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$915.739m
  • Shares outstanding: 1.27b
  • Website: https://www.alphaminresources.com

Location

  • Alphamin Resources Corp.
  • Perrieri Office Suites
  • Office Block C, C2-302, Level 3
  • Grand Baie
  • 30517
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
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.