TSXV:AME

Stock Analysis Report

Abacus Mining & Exploration

Executive Summary

Abacus Mining & Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

10.0%

AME

-2.7%

CA Metals and Mining

-0.1%

CA Market


1 Year Return

-60.7%

AME

11.4%

CA Metals and Mining

0.9%

CA Market

Return vs Industry: AME underperformed the Canadian Metals and Mining industry which returned 11.4% over the past year.

Return vs Market: AME underperformed the Canadian Market which returned 0.9% over the past year.


Shareholder returns

AMEIndustryMarket
7 Day10.0%-2.7%-0.1%
30 Day10.0%-2.9%-2.1%
90 Day10.0%-0.2%-1.6%
1 Year-60.7%-60.7%12.3%11.4%4.4%0.9%
3 Year-77.1%-77.1%-7.1%-8.8%15.5%5.2%
5 Year-83.3%-83.3%4.6%0.7%25.7%7.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Abacus Mining & Exploration undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Abacus Mining & Exploration is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Abacus Mining & Exploration has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of AME’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Abacus Mining & Exploration regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Abacus Mining & Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.6%

Forecasted Materials industry annual growth in earnings


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 Abacus Mining & Exploration 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Abacus Mining & Exploration performed over the past 5 years?

-28.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AME is unprofitable, and losses have increased over the past 5 years at a rate of -28.9% per year.

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

Earnings vs Industry: AME 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: AME's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Abacus Mining & Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: AME has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AME has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AME has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AME's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: AME has a low level of unsold assets or inventory.

Debt Coverage by Assets: AME has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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

Forecast Cash Runway: AME has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.4% each year


Next Steps

Dividend

What is Abacus Mining & Exploration's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate AME'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 AME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AME'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 AME'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 Abacus Mining & Exploration's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average board tenure


CEO

Abacus Mining & Exploration has no CEO, or we have no data on them.


Board Age and Tenure

4.9yrs

Average Tenure

72yo

Average Age

Experienced Board: AME's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$10,00027 May 19
Michael McInnis
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares200,000
Max PriceCA$0.05
BuyCA$30,00023 May 19
Paul Anderson
EntityIndividual
Role
President
COO & President
Shares600,000
Max PriceCA$0.05
BuyCA$5,00023 May 19
Kerry Spong
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100,000
Max PriceCA$0.05
BuyCA$25,00029 Nov 18
Michael McInnis
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares250,000
Max PriceCA$0.10
BuyCA$10,00028 Nov 18
Kerry Spong
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100,000
Max PriceCA$0.10
BuyCA$30,00026 Nov 18
Paul Anderson
EntityIndividual
Role
President
COO & President
Shares300,000
Max PriceCA$0.10

Ownership Breakdown


Management Team

  • Jeannine Patricia Webb (59yo)

    Secretary & CFO

    • Tenure: 5.2yrs
    • Compensation: CA$80.23k
  • Mike McInnis (72yo)

    Executive Chairman

    • Tenure: 5.7yrs
    • Compensation: CA$197.38k
  • Paul Anderson

    COO & President

    • Tenure: 1.8yrs
    • Compensation: CA$47.09k

Board Members

  • Tom McKeever (75yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: CA$49.09k
  • Mike McInnis (72yo)

    Executive Chairman

    • Tenure: 5.7yrs
    • Compensation: CA$197.38k
  • Kerry Spong (59yo)

    Director

    • Tenure: 4.1yrs
    • Compensation: CA$22.50k
  • John McConnell

    Director

    • Tenure: 4.1yrs
    • Compensation: CA$22.50k

Company Information

Abacus Mining & Exploration Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Abacus Mining & Exploration Corporation
  • Ticker: AME
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$2.848m
  • Shares outstanding: 51.79m
  • Website: https://www.amemining.com

Location

  • Abacus Mining & Exploration Corporation
  • 1050 West Pender Street
  • Suite 1000
  • Vancouver
  • British Columbia
  • V6E 3S7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMETSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
DGV2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
ABCF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Abacus Mining & Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds an option to acquire 75% i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:30
End of Day Share Price2019/10/09 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.