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CMC Metals TSXV:CMB Stock Report

Last Price


Market Cap







15 May, 2022


Company Financials
CMB fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health2/6

CMB Stock Overview

CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States.

CMC Metals Competitors













Price History & Performance

Summary of all time highs, changes and price drops for CMC Metals
Historical stock prices
Current Share PriceCA$0.20
52 Week HighCA$0.25
52 Week LowCA$0.075
1 Month Change-10.87%
3 Month Change36.67%
1 Year Change57.69%
3 Year Change173.33%
5 Year Change-21.91%
Change since IPO-98.23%

Recent News & Updates

Shareholder Returns

CMBCA Metals and MiningCA Market

Return vs Industry: CMB exceeded the Canadian Metals and Mining industry which returned -9.6% over the past year.

Return vs Market: CMB exceeded the Canadian Market which returned 4.2% over the past year.

Price Volatility

Is CMB's price volatile compared to industry and market?
CMB volatility
CMB Average Weekly Movement17.7%
Metals and Mining Industry Average Movement10.6%
Market Average Movement9.6%
10% most volatile stocks in CA Market16.4%
10% least volatile stocks in CA Market4.2%

Stable Share Price: CMB is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: CMB's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

1996n/aKevin Brewer

CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company explores for silver, zinc, lead, gold, copper, antimony, bismuth, and tungsten deposits. It holds a 100% interest in the Silver Hart property that includes 116 contiguous full and partial mineral claims covering an area of 2,200 hectares located in the Watson Lake Mining District, Yukon Territories; and Logjam property, which comprises 32 claims covering an area of 632 hectares located in south-central Yukon.

CMC Metals Fundamentals Summary

How do CMC Metals's earnings and revenue compare to its market cap?
CMB fundamental statistics
Market CapCA$25.19m
Earnings (TTM)-CA$3.48m
Revenue (TTM)n/a


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMB income statement (TTM)
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$3.48m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)-0.028
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-336.5%

How did CMB perform over the long term?

See historical performance and comparison


Is CMC Metals undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

In this section, we usually try to help investors determine whether CMC Metals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as CMC Metals 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.

Future Growth

How is CMC Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 CMC Metals 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.

Past Performance

How has CMC Metals performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMB is currently unprofitable.

Growing Profit Margin: CMB is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: CMB is unprofitable, and losses have increased over the past 5 years at a rate of 18.1% per year.

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

Earnings vs Industry: CMB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.1%).

Return on Equity

High ROE: CMB's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Financial Health

How is CMC Metals's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

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

Long Term Liabilities: CMB 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: CMB has negative shareholder equity, which is a more serious situation than a high debt level.

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

Balance Sheet

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: CMB has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CMB is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


What is CMC Metals's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CMB has not reported any payouts.

Next Steps


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


Average management tenure


Kevin Brewer





Mr. Kevin Brewer, P.Geo., MBA, B.Sc., (Hons), Dip. Eng., serves as President and Chief Executive Officer of CMC Metals Limited since March 2019 and has been its Director since July 19, 2018. Mr. Brewer was...

CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD194.89K) is about average for companies of similar size in the Canadian market ($USD168.45K).

Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: CMB's management team is considered experienced (3.2 years average tenure).

Board Members

Experienced Board: CMB's board of directors are considered experienced (6 years average tenure).


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

Insider Trading Volume

Insider Buying: CMB 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 substantially diluted in the past year, with total shares outstanding growing by 54.1%.

Top Shareholders

Company Information

CMC Metals Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: CMC Metals Ltd.
  • Ticker: CMB
  • Exchange: TSXV
  • Founded: 1996
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: CA$25.188m
  • Shares outstanding: 122.87m
  • Website:


  • CMC Metals Ltd.
  • 800 West Pender Street
  • Suite 615
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Annual Earnings2021/09/30

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.