CMC Metals (TSXV:CMB) - Share price, News & Analysis

CMB fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

CMB Stock Overview

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

Risk Analysis

Earnings have declined by 18.1% per year over past 5 years

Highly volatile share price over the past 3 months

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (CA$0)

+ 2 more risks

CMC Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CMC Metals
Historical stock prices
Current Share Price	CA$0.20
52 Week High	CA$0.25
52 Week Low	CA$0.075
Beta	1.43
1 Month Change	-15.22%
3 Month Change	34.48%
1 Year Change	44.44%
3 Year Change	160.00%
5 Year Change	-25.71%
Change since IPO	-98.31%

Shareholder Returns

	CMB	CA Metals and Mining	CA Market
7D	8.3%	-8.4%	-3.0%
1Y	44.4%	-9.6%	4.2%

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 Movement	17.9%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	9.6%
10% most volatile stocks in CA Market	16.4%
10% least volatile stocks in CA Market	4.2%

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

Founded	Employees	CEO	Website
1996	n/a	Kevin Brewer	https://cmcmetals.ca

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 Cap	CA$23.96m
Earnings (TTM)	-CA$3.48m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-6.9x

P/E Ratio

Is CMB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMB income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$3.48m
Earnings	-CA$3.48m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.028
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-336.5%

How did CMB perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

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

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.3%

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

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-18.1%

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

2/6

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.

Dividend

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

Dividend Score

0/6

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

Explore strong dividend paying companies in the Materials industry.

Management

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

3.2yrs

Average management tenure

CEO

Kevin Brewer

3.17yrs

Tenure

CA$252,029

Compensation

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 ($USD195.24K) is about average for companies of similar size in the Canadian market ($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).

Ownership

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%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/09/30