TSXV:ETMC

Stock Analysis Report

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Executive Summary

E3 Metals Corp., a lithium development company, acquires and explores for mineral properties.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has E3 Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

3.0%

ETMC

0.06%

CA Metals and Mining

2.5%

CA Market


1 Year Return

-21.8%

ETMC

49.7%

CA Metals and Mining

-3.9%

CA Market

Return vs Industry: ETMC underperformed the Canadian Metals and Mining industry which returned 49.8% over the past year.

Return vs Market: ETMC underperformed the Canadian Market which returned -3.9% over the past year.


Shareholder returns

ETMCIndustryMarket
7 Day3.0%0.06%2.5%
30 Day-8.1%8.5%6.7%
90 Day17.2%23.5%11.0%
1 Year-21.8%-21.8%50.8%49.7%-0.6%-3.9%
3 Year-22.7%-22.7%62.3%59.1%12.6%1.8%
5 Yearn/a155.5%148.0%33.8%13.3%

Price Volatility Vs. Market

How volatile is E3 Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is E3 Metals undervalued compared to its fair value and its price relative to the market?

2.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ETMC is good value based on its PB Ratio (2.1x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is E3 Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.8%

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 E3 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 E3 Metals performed over the past 5 years?

-52.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETMC is currently unprofitable.

Growing Profit Margin: ETMC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ETMC is unprofitable, and losses have increased over the past 5 years at a rate of 52.3% per year.

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

Earnings vs Industry: ETMC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.5%).


Return on Equity

High ROE: ETMC has a negative Return on Equity (-48.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is E3 Metals's financial position?


Financial Position Analysis

Short Term Liabilities: ETMC's short term assets (CA$1.8M) exceed its short term liabilities (CA$131.0K).

Long Term Liabilities: ETMC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ETMC is debt free.

Reducing Debt: ETMC had no debt 5 years ago.


Balance Sheet


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: ETMC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ETMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.7% each year


Next Steps

Dividend

What is E3 Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

2.2yrs

Average management tenure


CEO

Chris Doornbos

3.17yrs

Tenure

CA$150,800

Compensation

Mr. Christopher Doornbos, also known as Chris, B.Sc (Hons), P.Geo, MAusimm is President & CEO at 1975293 Alberta Ltd and serves as its Director since May 30, 2017. He served as Vice President of Exploratio ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD177.36K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Doornbos
President3.17yrsCA$150.80k3.59%
CA$ 372.4k
Greg Florence
CFO & Company Secretary2.17yrsCA$18.90kno data
Elizabeth Lappin
Vice President of Corporate Affairs & Exploration1.25yrsCA$150.80k0.25%
CA$ 25.5k

2.2yrs

Average Tenure

Experienced Management: ETMC's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Doornbos
President3.17yrsCA$150.80k3.59%
CA$ 372.4k
Kevin Reinhart
Member of Corporate Advisory Boardno datano datano data
John McNicol
Executive Advisor1.58yrsno datano data
Steven Goldman
Member of Corporate Advisory Board2yrsno datano data
Peeyush Varshney
Independent Director3.25yrsno data0.42%
CA$ 43.1k
Paul Reinhart
Independent Director3.25yrsno data0.82%
CA$ 85.0k
Jean Croteau
Member of Corporate Advisory Boardno datano datano data
Michael O'Hara
Independent Director3.25yrsno data0.44%
CA$ 45.9k
Wayne Monnery
Member of Technical Advisory Boardno datano datano data
Alexander Rothwell
Member of Advisory Board3.17yrsno datano data
Shaun Presow
Member of Technical Advisory Board2.17yrsno datano data
Mike Dixon
Member of Technical Advisory Board2.17yrsno datano data

3.2yrs

Average Tenure

61yo

Average Age

Experienced Board: ETMC's board of directors are considered experienced (3.2 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 21.6%.


Top Shareholders

Company Information

E3 Metals Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: E3 Metals Corp.
  • Ticker: ETMC
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$10.362m
  • Shares outstanding: 30.48m
  • Website: https://www.e3metalscorp.com

Number of Employees


Location

  • E3 Metals Corp.
  • 227 10 Street NW
  • Suite 205
  • Calgary
  • Alberta
  • T2N 1V5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OU7ADB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2017
ETMCTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2017
EEMM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2017

Biography

E3 Metals Corp., a lithium development company, acquires and explores for mineral properties. It owns a 100% interest in the Alberta petro-lithium project comprising 68 metallic and industrial mineral perm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 00:36
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.