Executive Summary
Diamcor Mining Inc., a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond based resource properties.
Risk Analysis
Earnings have declined by -11.42% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Weak fundamentals or lack of information.
Share Price & News
How has Diamcor Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DMI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
24.0%
DMI
4.7%
CA Metals and Mining
0.1%
CA Market
1 Year Return
-36.7%
DMI
5.4%
CA Metals and Mining
4.5%
CA Market
Return vs Industry: DMI underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: DMI underperformed the Canadian Market which returned 4.5% over the past year.
Shareholder returns
| DMI | Industry | Market | |
|---|---|---|---|
| 7 Day | 24.0% | 4.7% | 0.1% |
| 30 Day | -13.9% | 4.2% | 0.9% |
| 90 Day | 72.2% | 14.1% | 3.7% |
| 1 Year | -36.7%-36.7% | 6.0%5.4% | 7.8%4.5% |
| 3 Year | -85.4%-85.4% | 0.2%-1.5% | 18.2%7.5% |
| 5 Year | -85.9%-85.9% | 26.6%22.9% | 33.7%14.2% |
Price Volatility Vs. Market
How volatile is Diamcor Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Did You Manage To Avoid Diamcor Mining's (CVE:DMI) Devastating 87% Share Price Drop?2 months ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Diamcor Mining Inc.'s (CVE:DMI)3 months ago | Simply Wall St
What Type Of Shareholder Owns Diamcor Mining Inc.'s (CVE:DMI)?Valuation
Is Diamcor Mining undervalued compared to its fair value and its price relative to the market?
2.69x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate DMI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate DMI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: DMI is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: DMI 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 DMI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DMI is overvalued based on its PB Ratio (2.7x) compared to the CA Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Diamcor Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.5%
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 Diamcor Mining 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
- Take a look at our analysis of DMI’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.
- Diamcor Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Diamcor Mining performed over the past 5 years?
-11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DMI is currently unprofitable.
Growing Profit Margin: DMI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DMI is unprofitable, and losses have increased over the past 5 years at a rate of -11.4% per year.
Accelerating Growth: Unable to compare DMI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DMI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: DMI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Diamcor Mining's financial position?
Financial Position Analysis
Short Term Liabilities: DMI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: DMI 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: DMI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: DMI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: DMI has a high level of physical assets or inventory.
Debt Coverage by Assets: DMI 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: DMI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: DMI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.7% each year
Next Steps
Dividend
What is Diamcor Mining's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DMI'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 DMI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DMI'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 DMI'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?
9.3yrs
Average management tenure
CEO
Dean Taylor 0
12.4yrs
Tenure
CA$315,600
Compensation
Mr. Dean H. Taylor has been the Chief Executive Officer at Diamcor Mining Inc. since September 18, 2007 and serves as its Chairman of the Board and President. Mr. Taylor served as the Chief Operating Offic ...
CEO Compensation Analysis
Compensation vs Market: Dean's total compensation ($USD238.84K) is above average for companies of similar size in the Canadian market ($USD154.65K).
Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.4yrs | CA$315.60k | 1.96% CA$198.1k | |
| CFO & Director | 14.6yrs | CA$114.00k | 1.27% CA$128.1k | |
| Exploration Manager | 12.8yrs | no data | no data | |
| Managing Director of Operations for South Africa | 0.3yrs | no data | no data | |
| Secretary | 6.4yrs | no data | 0.26% CA$26.8k |
9.3yrs
Average Tenure
Experienced Management: DMI's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.4yrs | CA$315.60k | 1.96% CA$198.1k | |
| CFO & Director | 14.6yrs | CA$114.00k | 1.27% CA$128.1k | |
| Independent Director | 12.3yrs | CA$48.00k | 1.85% CA$187.3k | |
| Independent Director | 12.8yrs | CA$24.00k | 0.12% CA$12.4k |
12.8yrs
Average Tenure
Experienced Board: DMI's board of directors are seasoned and experienced ( 12.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DMI insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Diamcor Mining Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Diamcor Mining Inc.
- Ticker: DMI
- Exchange: TSXV
- Founded:
- Industry: Precious Metals and Minerals
- Sector: Materials
- Market Cap: CA$10.123m
- Shares outstanding: 65.31m
- Website: https://www.diamcormining.com
Location
- Diamcor Mining Inc.
- 1665 Ellis Street
- Suite 301
- Kelowna
- British Columbia
- V1Y 2B3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DMI | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | May 1989 |
| DMIF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | May 1989 |
Biography
Diamcor Mining Inc., a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, and develops diamond based resource properties. It holds interests in the Krone-Endora at Venetia project that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares located in South Africa. The company is based in Kelowna, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 01:34 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.