TSXV:EP

Stock Analysis Report

Executive Summary

Empire Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Empire Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

EP

-1.9%

CA Metals and Mining

0.1%

CA Market


1 Year Return

0%

EP

11.8%

CA Metals and Mining

1.6%

CA Market

Return vs Industry: EP underperformed the Canadian Metals and Mining industry which returned 11.8% over the past year.

Return vs Market: EP underperformed the Canadian Market which returned 1.6% over the past year.


Shareholder returns

EPIndustryMarket
7 Day0%-1.9%0.1%
30 Day0%-4.7%-2.9%
90 Dayn/a-5.0%-1.4%
1 Year0%0%12.7%11.8%5.2%1.6%
3 Year-42.2%-42.2%-11.3%-13.0%13.8%3.7%
5 Year-27.8%-27.8%6.9%2.8%25.3%7.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate EP's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate EP's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EP is overvalued based on its PB Ratio (2x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

43.4%

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 Empire 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.


Next Steps

Past Performance

How has Empire Metals performed over the past 5 years?

-9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EP is unprofitable, and losses have increased over the past 5 years at a rate of -9.1% per year.

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

Earnings vs Industry: EP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: EP has a negative Return on Equity (-12.52%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: EP is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: EP is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Empire Metals's financial position?


Financial Position Analysis

Short Term Liabilities: EP's short term assets (CA$1.6M) exceeds its short term liabilities (CA$1.5M)

Long Term Liabilities: EP has no long term liabilities


Debt to Equity History and Analysis

Debt Level: EP's debt to equity ratio (6.4%) is considered satisfactory

Reducing Debt: EP's debt to equity ratio has reduced from 10.7% to 6.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: EP's debt is covered by short term assets (assets are 5.235180x debt).


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: EP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: EP has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 7.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

3.3yrs

Average board tenure


CEO

Mark Patchett 0

0.08yrs

Tenure

0

Mr. Mark C. Patchett has been Chief Executive Officer and President at Empire Metals Corp. since September 2019. Mr. Patchett’s involvement with the mining industry spans over 15 years. He was a founding m ...


Board Age and Tenure

3.3yrs

Average Tenure

Experienced Board: EP's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • John Rizzuti

    Secretary

    • Tenure: 0yrs
  • Gwen Wegner

    Corporate Secretary

    • Tenure: 0yrs
  • Vincent Teo

    CFO & Director

    • Tenure: 3.2yrs
  • Mark Patchett

    CEO & President

    • Tenure: 0.08yrs

Board Members

  • Anthony Beruschi

    Chairman of the Board

    • Tenure: 0.08yrs
    • Compensation: CA$685.55k
  • John Brydle

    Director

    • Tenure: 6.6yrs
  • Jim Boyce (67yo)

    Director

    • Tenure: 3.3yrs
  • Ron Hughes (57yo)

    Director

    • Tenure: 5.1yrs
  • Vincent Teo

    CFO & Director

    • Tenure: 3.2yrs

Company Information

Empire Metals Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Empire Metals Corp.
  • Ticker: EP
  • Exchange: TSXV
  • Founded: 1981
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$9.751m
  • Shares outstanding: 75.01m
  • Website: https://www.empiremetalscorp.com

Location

  • Empire Metals Corp.
  • 889 West Pender Street
  • Suite 702
  • Vancouver
  • British Columbia
  • V6C 3B2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPTSXV (TSX Venture Exchange)YesCommon StockCACADSep 1988
JPDBDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1988

Biography

Empire Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for lithium, potassium, boron, bromine, magnesium, platinum, p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:59
End of Day Share Price2019/08/30 00:00
Earnings2019/06/30
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.