TSXV:DEX

Stock Analysis Report

Executive Summary

Almadex Minerals Ltd., an exploration company, engages in the discovery of mineral prospects.

Risk Analysis

Earnings have declined by -27.02% per year over past 5 years

Makes less than USD$1m in revenue (CA$328K)

Does not have a meaningful market cap (CA$13M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Almadex Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.1%

DEX

-0.9%

CA Metals and Mining

-0.08%

CA Market


1 Year Return

-16.4%

DEX

21.9%

CA Metals and Mining

10.8%

CA Market

Return vs Industry: DEX underperformed the Canadian Metals and Mining industry which returned 21.9% over the past year.

Return vs Market: DEX underperformed the Canadian Market which returned 10.8% over the past year.


Shareholder returns

DEXIndustryMarket
7 Day-2.1%-0.9%-0.08%
30 Day0%2.5%0.01%
90 Day-23.3%-1.2%1.2%
1 Year-16.4%-16.4%22.9%21.9%14.4%10.8%
3 Yearn/a4.6%2.7%15.0%4.6%
5 Yearn/a40.1%35.8%40.1%19.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Almadex Minerals undervalued compared to its fair value and its price relative to the market?

0.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DEX (CA$0.23) is trading above our estimate of fair value (CA$0.15)

Significantly Below Fair Value: DEX is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: DEX 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 DEX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEX is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

17.2%

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 Almadex Minerals 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 Almadex Minerals performed over the past 5 years?

-27.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEX is currently unprofitable.

Growing Profit Margin: DEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DEX is unprofitable, and losses have increased over the past 5 years at a rate of -27% per year.

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

Earnings vs Industry: DEX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (4.1%).


Return on Equity

High ROE: DEX has a negative Return on Equity (-6.29%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Almadex Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: DEX's short term assets (CA$7.0M) exceed its short term liabilities (CA$109.8K).

Long Term Liabilities: DEX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: DEX is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if DEX'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: DEX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DEX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Almadex Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if DEX'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 DEX'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 Almadex Minerals's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Morgan Poliquin (47yo)

0yrs

Tenure

0

Dr. Morgan James Poliquin, M.Sc., Ph.D., P.Eng., serves as the Chief Executive Officer and President of Almadex Minerals Limited and has been its Director since April 10, 2015. Dr. Poliquin has been the Pr ...


Board Age and Tenure

1.8yrs

Average Tenure

64yo

Average Age

Experienced Board: DEX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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$32,90004 Apr 19
Morgan Poliquin
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares117,500
Max PriceCA$0.28

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.7%.


Management Team

  • James Poliquin (78yo)

    Founder & Chairman

    • Tenure: 0yrs
  • Morgan Poliquin (47yo)

    CEO, President & Director

    • Tenure: 0yrs
  • Doug McDonald (51yo)

    VP of Corporate Development & Director

    • Tenure: 1.8yrs
  • Korm Trieu (54yo)

    CFO & Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Mark Brown (51yo)

    Independent Director

    • Tenure: 1.8yrs
  • James Poliquin (78yo)

    Founder & Chairman

    • Tenure: 0yrs
  • Morgan Poliquin (47yo)

    CEO, President & Director

    • Tenure: 0yrs
  • Jack McCleary (78yo)

    Independent Director

    • Tenure: 1.8yrs
  • Doug McDonald (51yo)

    VP of Corporate Development & Director

    • Tenure: 1.8yrs
  • Larry Segerstrom (64yo)

    Independent Director

    • Tenure: 1.8yrs
  • William Worrall (86yo)

    Independent Director

    • Tenure: 1.8yrs

Company Information

Almadex Minerals Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Almadex Minerals Ltd.
  • Ticker: DEX
  • Exchange: TSXV
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$12.693m
  • Shares outstanding: 55.18m
  • Website: https://www.almadexminerals.com

Location

  • Almadex Minerals Ltd.
  • 1333 Johnston Street
  • Suite 210
  • Vancouver
  • British Columbia
  • V6H 3R9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DEXTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2018
AAMM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2018

Biography

Almadex Minerals Ltd., an exploration company, engages in the discovery of mineral prospects. The company primarily explores for gold, silver, copper, and molybdenum deposits. It holds interest in various  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 00:52
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
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.