TSXV:EMN

Stock Analysis Report

Executive Summary

Euro Manganese Inc. engages in evaluation, exploration, and development of mineral projects.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Euro Manganese's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EMN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

EMN

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-40.4%

EMN

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: EMN underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: EMN underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

EMNIndustryMarket
7 Day0%-6.0%-6.2%
30 Day7.7%-1.0%-5.0%
90 Day-6.7%4.9%-2.8%
1 Year-40.4%-40.4%2.9%2.2%1.1%-2.0%
3 Yearn/a-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Euro Manganese undervalued compared to its fair value and its price relative to the market?

4.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: EMN is overvalued based on its PB Ratio (4.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Euro Manganese forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

64.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EMN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EMN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if EMN's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if EMN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EMN is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Euro Manganese performed over the past 5 years?

-43.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMN is currently unprofitable.

Growing Profit Margin: EMN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EMN is unprofitable, and losses have increased over the past 5 years at a rate of -43.8% per year.

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

Earnings vs Industry: EMN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: EMN has a negative Return on Equity (-141.44%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Euro Manganese's financial position?


Financial Position Analysis

Short Term Liabilities: EMN's short term assets (CA$4.2M) exceed its short term liabilities (CA$1.0M).

Long Term Liabilities: EMN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EMN is debt free.

Reducing Debt: EMN had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if EMN'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: EMN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EMN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51.3% each year


Next Steps

Dividend

What is Euro Manganese's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if EMN'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 EMN'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?

2.3yrs

Average management tenure


CEO

Marco Romero (57yo)

4.3yrs

Tenure

CA$326,950

Compensation

Mr. Marco Antonio Romero has been President and Chief Executive Officer at Euro Manganese Inc. since September 11, 2015 and has been a Director since November 25, 2014. Mr. Romero founded and served as Chi ...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD250.25K) is above average for companies of similar size in the Canadian market ($USD165.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marco Romero
President4.3yrsCA$326.95k2.67% CA$659.8k
Jan Votava
MD of Mangan Chvaletice s.r.o. & Director2.3yrsCA$408.51k0.34% CA$84.1k
Martina Blahova
Chief Financial Officer0yrsno data0.014% CA$3.4k
Fausto Taddei
VP of Corporate Development & Corporate Secretary1.2yrsno data0.31% CA$76.8k
Gary Nordin
Chief Geologist0yrsno datano data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Management: EMN's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marco Romero
President4.3yrsCA$326.95k2.67% CA$659.8k
Jan Votava
MD of Mangan Chvaletice s.r.o. & Director2.3yrsCA$408.51k0.34% CA$84.1k
John Webster
Independent Director4.3yrsCA$74.28k0.44% CA$108.9k
Roman Shklanka
Independent Non-Executive Chairman5.2yrsCA$68.15k5.93% CA$1.5m
Gregory Martyr
Independent Director1.8yrsCA$78.33k0.15% CA$37.6k
David Dreisinger
Independent Director4.3yrsCA$57.70k0.42% CA$103.2k
Harvey McLeod
Independent Director4.3yrsCA$65.08k1.39% CA$341.8k
Daniel Rosický
Director4yrsCA$48.50k0.58% CA$144.2k

4.3yrs

Average Tenure

59yo

Average Age

Experienced Board: EMN's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47.8%.


Top Shareholders

Company Information

Euro Manganese Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Euro Manganese Inc.
  • Ticker: EMN
  • Exchange: TSXV
  • Founded: 2014
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$24.677m
  • Shares outstanding: 176.27m
  • Website: https://www.mn25.ca

Number of Employees


Location

  • Euro Manganese Inc.
  • 1040 West Georgia Street
  • Suite 1500
  • Vancouver
  • British Columbia
  • V6E 4H8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMNASX (Australian Securities Exchange)CDI 1:1AUAUDOct 2018
EMNCHIA (Chi-X Australia)CDI 1:1AUAUDOct 2018
EMNTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2018
E06DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2018

Biography

Euro Manganese Inc. engages in evaluation, exploration, and development of mineral projects. Its flagship property is the 100% owned Chvaletice manganese project, which is involved in the recycling of manganese deposits hosted in historic mine tailings located to the east of Prague, the Czech Republic. The company was incorporated in 2014 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 Analysis2020/01/15 00:49
End of Day Share Price2020/01/14 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.