TSXV:CX

Stock Analysis Report

Clarmin Explorations

Executive Summary

Clarmin Explorations Inc. engages in the exploration and development of mineral properties in Canada.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Clarmin Explorations's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

60.0%

CX

-1.5%

CA Metals and Mining

-0.05%

CA Market


1 Year Return

-20.0%

CX

-10.2%

CA Metals and Mining

-24.6%

CA Market

Return vs Industry: Insufficient data to determine how CX performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how CX performed against the Canadian Market.


Shareholder returns

CXIndustryMarket
7 Day60.0%-1.5%-0.05%
30 Day60.0%-12.7%-21.2%
90 Day6.7%-14.9%-24.7%
1 Year-20.0%-20.0%-9.5%-10.2%-22.1%-24.6%
3 Yearn/a-18.9%-20.3%-14.2%-22.1%
5 Yearn/a7.8%4.7%-1.9%-16.5%

Price Volatility Vs. Market

How volatile is Clarmin Explorations's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Clarmin Explorations undervalued compared to its fair value and its price relative to the market?

3.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: CX is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CX is overvalued based on its PB Ratio (3.2x) compared to the CA Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

10.3%

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 Clarmin Explorations 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 Clarmin Explorations performed over the past 5 years?

5.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: CX is currently unprofitable.

Growing Profit Margin: CX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CX's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: CX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).


Return on Equity

High ROE: CX has a negative Return on Equity (-28.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Clarmin Explorations's financial position?


Financial Position Analysis

Short Term Liabilities: CX's short term assets (CA$268.8K) exceed its short term liabilities (CA$2.6K).

Long Term Liabilities: CX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CX is debt free.

Reducing Debt: CX has not had any debt for past 5 years.


Balance Sheet

Inventory Level: CX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CX's debt is 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: CX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CX has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of -16.5% each year.


Next Steps

Dividend

What is Clarmin Explorations's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if CX'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 CX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.4yrs

Average board tenure


CEO

Nico Civelli (41yo)

3.08s

Tenure

Mr. Nico O. Civelli, MAPF, serves as an Independent Director at Claren Energy Corp. (formerly known as Terra Nova Energy Ltd.) since August 2012. Mr. Civelli serves as an Independent Director at Callinex M ...


Board Members

NamePositionTenureCompensationOwnership
Nico Civelli
CEO, President & Director3.08yrsno data16.9% CA$192.0k
Matthew Sutcliffe
Director3.5yrsno data0.70% CA$8.0k
Mark Lawson
Independent Director3.42yrsno data1.06% CA$12.0k

3.4yrs

Average Tenure

46yo

Average Age

Experienced Board: CX's board of directors are considered experienced (3.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Clarmin Explorations Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clarmin Explorations Inc.
  • Ticker: CX
  • Exchange: TSXV
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$1.136m
  • Shares outstanding: 14.20m
  • Website: https://null

Location

  • Clarmin Explorations Inc.
  • 880 - 580 Hornby Street
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CXTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2018
CLXP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2018

Biography

Clarmin Explorations Inc. engages in the exploration and development of mineral properties in Canada. The company holds 100% interest in the Benton property covering an area of 1,285 hectares located in the New Brunswick. The company was founded in 2016 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 01:06
End of Day Share Price2020/03/30 00:00
Earnings2020/01/31
Annual Earnings2019/07/31


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.