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
|Historical stock prices|
|Current Share Price||CA$0.61|
|52 Week High||CA$1.46|
|52 Week Low||CA$0.60|
|1 Month Change||-13.38%|
|3 Month Change||-20.13%|
|1 Year Change||-25.00%|
|3 Year Change||200.00%|
|5 Year Change||61.84%|
|Change since IPO||167.39%|
Recent News & Updates
Is Alphamin Resources (CVE:AFM) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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...
|AFM||CA Metals and Mining||CA Market|
Return vs Industry: AFM underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.
Return vs Market: AFM underperformed the Canadian Market which returned -7.3% over the past year.
|AFM Average Weekly Movement||10.3%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||18.3%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: AFM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: AFM's weekly volatility (10%) has been stable over the past year.
About the Company
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
|AFM fundamental statistics|
Is AFM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFM income statement (TTM)|
|Cost of Revenue||US$180.23m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.087|
|Net Profit Margin||23.62%|
How did AFM perform over the long term?See historical performance and comparison
9.9%Current Dividend Yield
Is AFM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is AFM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AFM's PE Ratio compare to its peers?
|AFM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ALS Altius Minerals
MDI Major Drilling Group International
TI Titan Mining
AFM Alphamin Resources
Price-To-Earnings vs Peers: AFM is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (16.4x).
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 (5.2x) compared to the Canadian Metals and Mining industry average (9.1x)
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.
|Current PE Ratio||5.2x|
|Fair PE Ratio||n/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$0.62) is trading below our estimate of fair value (CA$25.46)
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.
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How is Alphamin Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (5.8% 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
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How has Alphamin Resources performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
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 -8.3%.
Return on Equity
High ROE: AFM's Return on Equity (36.4%) is considered high.
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How is Alphamin Resources's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Alphamin Resources's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFM's dividend (9.76%) is higher than the bottom 25% of dividend payers in the Canadian market (2.05%).
High Dividend: AFM's dividend (9.76%) is in the top 25% of dividend payers in the Canadian market (5.95%)
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 (28.5%), AFM's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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
|Maritz Smith's Compensation vs Alphamin Resources Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$635k||US$385k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$882k||US$350k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$383k||US$121k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$30k||n/a|
Compensation vs Market: Maritz's total compensation ($USD634.62K) is below average for companies of similar size in the Canadian market ($USD1.27M).
Compensation vs Earnings: Maritz's compensation has been consistent with company performance over the past year.
Experienced Management: AFM's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: AFM's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AFM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|01 Sep 22||BuyCA$52,480||Brendon Jones||Individual||82,000||CA$0.64|
|23 Dec 21||BuyCA$11,970,007||Tremont Master Holdings||Company||39,900,000||CA$0.30|
|01 Dec 21||BuyCA$229,225||Adansonia Pe Opportunities Limited||Company||764,085||CA$0.30|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Alphamin Resources Corp.'s employee growth, exchange listings and data sources
- Name: Alphamin Resources Corp.
- Ticker: AFM
- Exchange: TSXV
- Founded: 1981
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: CA$839.928m
- Shares outstanding: 1.27b
- Website: https://www.alphaminresources.com
- Alphamin Resources Corp.
- Perrieri Office Suites
- Office Block C, C2-302, Level 3
- Grand Baie
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFM||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Dec 1988|
|21L||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1988|
|AFMJ.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 1988|
|APH||JSE (The Johannesburg Securities Exchange)||Yes||Common Shares||ZA||ZAR||Dec 1988|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 00:00|
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.