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Evrim Resources

TSXV:EVM
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVM
TSXV
CA$26M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Evrim Resources Corp. operates as a mineral exploration company in Mexico, southwestern United States, and western Canada. The last earnings update was 113 days ago. More info.


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EVM Share Price and Events
7 Day Returns
-7.6%
TSXV:EVM
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-37.1%
TSXV:EVM
-5.9%
CA Metals and Mining
0.7%
CA Market
EVM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evrim Resources (EVM) -7.6% -1.6% 5.2% -37.1% 45.2% -16.4%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • EVM underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • EVM underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
EVM
Industry
5yr Volatility vs Market

Value

 Is Evrim Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evrim Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evrim Resources.

TSXV:EVM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:EVM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (0%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.121 * 5.96%)
8.63%

Discounted Cash Flow Calculation for TSXV:EVM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Evrim Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:EVM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.63%)
2019 2.79 Est @ 74.04% 2.56
2020 4.25 Est @ 52.41% 3.60
2021 5.83 Est @ 37.27% 4.55
2022 7.38 Est @ 26.68% 5.30
2023 8.80 Est @ 19.26% 5.82
2024 10.04 Est @ 14.06% 6.11
2025 11.09 Est @ 10.43% 6.21
2026 11.96 Est @ 7.88% 6.17
2027 12.70 Est @ 6.1% 6.03
2028 13.31 Est @ 4.86% 5.82
Present value of next 10 years cash flows CA$52.18
TSXV:EVM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$13.31 × (1 + 1.95%) ÷ (8.63% – 1.95%)
CA$203.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$203.12 ÷ (1 + 8.63%)10
CA$88.78
TSXV:EVM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$52.18 + CA$88.78
CA$140.96
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$140.96 / 84.47
CA$1.67
TSXV:EVM Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.67
Current discount Discount to share price of CA$0.31
= -1 x (CA$0.31 - CA$1.67) / CA$1.67
81.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Evrim Resources is available for.
Intrinsic value
>50%
Share price is CA$0.31 vs Future cash flow value of CA$1.67
Current Discount Checks
For Evrim Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evrim Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Evrim Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evrim Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evrim Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:EVM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.02
TSXV:EVM Share Price ** TSXV (2019-03-20) in CAD CA$0.31
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evrim Resources.

TSXV:EVM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:EVM Share Price ÷ EPS (both in CAD)

= 0.31 ÷ -0.02

-16.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evrim Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Evrim Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Evrim Resources's expected growth come at a high price?
Raw Data
TSXV:EVM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Evrim Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Evrim Resources's assets?
Raw Data
TSXV:EVM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.17
TSXV:EVM Share Price * TSXV (2019-03-20) in CAD CA$0.31
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:EVM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:EVM Share Price ÷ Book Value per Share (both in CAD)

= 0.31 ÷ 0.17

1.82x

* Primary Listing of Evrim Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evrim Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Evrim Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Evrim Resources has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Evrim Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Evrim Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evrim Resources expected to grow at an attractive rate?
  • Unable to compare Evrim Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Evrim Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Evrim Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:EVM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:EVM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:EVM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 2 -1
2018-06-30 0 0 -3
2018-03-31 0 1 -3
2017-12-31 0 1 -3
2017-09-30 0 -2 -2
2017-06-30 0 -2 -2
2017-03-31 0 -2 -2
2016-12-31 0 -2 -2
2016-09-30 0 -2 -2
2016-06-30 0 -1 -2
2016-03-31 0 -2 -2
2015-12-31 0 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Evrim Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Evrim Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:EVM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Evrim Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:EVM Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.02
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.03
2016-06-30 -0.03
2016-03-31 -0.03
2015-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Evrim Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Evrim Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Evrim Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Evrim Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Evrim Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evrim Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Evrim Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evrim Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evrim Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Evrim Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Evrim Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Evrim Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evrim Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:EVM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 0.17 -1.33 3.58
2018-06-30 0.12 -2.81 3.12
2018-03-31 0.06 -2.72 2.75
2017-12-31 0.06 -2.54 2.62
2017-09-30 0.05 -2.19 2.24
2017-06-30 0.00 -2.26 2.07
2017-03-31 0.00 -1.97 1.99
2016-12-31 0.01 -1.84 1.84
2016-09-30 0.03 -1.66 1.80
2016-06-30 0.04 -1.64 1.81
2016-03-31 0.05 -1.85 1.85
2015-12-31 0.06 -2.09 2.09
2015-09-30 0.07 -2.37 2.37
2015-06-30 0.09 -2.37 2.33
2015-03-31 0.09 -2.13 2.23
2014-12-31 0.11 -1.82 2.03
2014-09-30 0.09 -1.57 1.74
2014-06-30 0.15 -1.60 1.78
2014-03-31 0.20 -1.29 1.58
2013-12-31 0.23 -1.35 1.56
2013-09-30 0.28 -1.47 1.64
2013-06-30 0.25 -1.37 1.47
2013-03-31 0.24 -1.38 1.56
2012-12-31 0.23 -1.58 1.72
2012-09-30 0.22 -1.49 1.68
2012-06-30 0.19 -1.62 1.77
2012-03-31 0.15 -1.78 1.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Evrim Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Evrim Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Evrim Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Evrim Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evrim Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Evrim Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evrim Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evrim Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evrim Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evrim Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Evrim Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evrim Resources Company Filings, last reported 5 months ago.

TSXV:EVM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 14.13 0.00 16.90
2018-06-30 5.75 0.00 8.38
2018-03-31 5.91 0.00 8.63
2017-12-31 3.38 0.00 6.33
2017-09-30 3.90 0.00 4.32
2017-06-30 4.40 0.00 4.86
2017-03-31 1.06 0.00 1.01
2016-12-31 1.54 0.00 1.49
2016-09-30 1.99 0.00 1.88
2016-06-30 2.48 0.00 2.41
2016-03-31 2.94 0.00 2.91
2015-12-31 3.29 0.00 3.39
2015-09-30 2.21 0.00 2.52
2015-06-30 2.73 0.00 2.54
2015-03-31 2.80 0.00 2.77
2014-12-31 3.39 0.00 3.35
2014-09-30 3.95 0.00 4.36
2014-06-30 4.47 0.00 5.17
2014-03-31 3.37 0.00 3.70
2013-12-31 3.65 0.00 4.53
2013-09-30 3.96 0.00 4.33
2013-06-30 4.47 0.00 4.86
2013-03-31 4.61 0.00 4.80
2012-12-31 4.95 0.00 4.39
2012-09-30 4.06 0.00 3.86
2012-06-30 4.43 0.00 3.97
2012-03-31 4.57 0.00 4.19
  • Evrim Resources has no debt.
  • Evrim Resources has not taken on any debt in the past 5 years.
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.

  • Whilst loss making Evrim Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Evrim Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -72.3% per year.
X
Financial health checks
We assess Evrim Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evrim Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Evrim Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Evrim Resources dividends.
If you bought CA$2,000 of Evrim Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Evrim Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Evrim Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:EVM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Evrim Resources has not reported any payouts.
  • Unable to verify if Evrim Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Evrim Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Evrim Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Evrim Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evrim Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evrim Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Evrim Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paddy Nicol
COMPENSATION CA$250,734
AGE 48
TENURE AS CEO 8.3 years
CEO Bio

Mr. John Patrick Nicol, also known as Paddy, MBA, has been Chief Executive Officer and President of Evrim Resources Corp. since December 23, 2010. Mr. Nicol served as the Chief Executive Officer and President at Avaranta Resources Ltd., since December 23, 2010. He served as the Chief Financial Officer at Maritime Resources Corp. since October 2010 until December 2010 and served as its Secretary from October 2010 to November 24, 2010. He served as the Chief Financial Officer of Abacus Mining & Exploration Corporation since January 1, 2008 until January 2011 and also served as its Senior Vice President until January 2011. He served as the Chief Financial Officer of Calico Resources Corp. from June 28, 2007 to December 2010. He has over ten years experience in public company management. He served as a Manager of Abacus Mining & Exploration Corporation from 1995 to June 2005 and the Chief Financial Officer of Skygold Ventures Ltd. since July 2005. He served as the Chief Financial Officer of Redstar Gold Corp. from June 2006 to February 1, 2011 and its Manager from 1996 to June 2005. He served as the Chief Financial Officer of Spanish Mountain Gold Ltd until February 2, 2010. He served as the Chief Financial Officer and Secretary of BMB Capital Corp. from March 2008 to September 2009. He served as the President and Chief Executive Officer of Niblack Mining Corp. During his tenure, He developed an extensive network of contacts throughout the institutional and retail investment community. He has been a Director of PowerNova Technologies Corporation since August 24, 2009 and Evrim Resources Corp. since December 23, 2010. He served as a Director and/or Officer of a number of TSX Venture issuers including Niblack Mining from April 2005 to October 2008. He served as a Director of Calico Resources Corp. from October 12, 2006 to December 2010. He served as a Director of Redstar Gold Corp. from June 28, 2002 to February 1, 2011 and Avaranta Resources since December 23, 2010. He served as a Director of Abacus Mining & Exploration Corporation from June 29, 1999 to September 2009. He served as a Director of Niblack Mining Corp. since November 30, 2004. He served as a Director at Cobre Exploration Ltd. Mr. Nicol received an MBA in Management Consulting in 2005 from Royal Roads University.

CEO Compensation
  • Paddy's compensation has increased whilst company is loss making.
  • Paddy's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Evrim Resources management team in years:

5.1
Average Tenure
  • The average tenure for the Evrim Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paddy Nicol

TITLE
President
COMPENSATION
CA$251K
AGE
48
TENURE
8.3 yrs

Mahesh Liyanage

TITLE
Chief Financial Officer
COMPENSATION
CA$217K
TENURE
5.7 yrs

Stewart Harris

TITLE
Vice President of Technical Services
COMPENSATION
CA$185K
TENURE
4.6 yrs

Charles Funk

TITLE
Vice President of New Opportunities & Exploration
COMPENSATION
CA$237K
TENURE
2.9 yrs

Jefferson Chambers

TITLE
Chief Geoscientist
TENURE
8 yrs

Rosana Batista

TITLE
Corporate Secretary
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Evrim Resources board of directors in years:

6.8
Average Tenure
56
Average Age
  • The tenure for the Evrim Resources board of directors is about average.
Board of Directors

Pieter van Eeden

TITLE
Chairman of the Board
COMPENSATION
CA$48K
AGE
53
TENURE
5.3 yrs

Paddy Nicol

TITLE
President
COMPENSATION
CA$251K
AGE
48
TENURE
8.3 yrs

Dave Caulfield

TITLE
Director
COMPENSATION
CA$42K
AGE
59
TENURE
8.3 yrs

John F. Thompson

TITLE
Director
COMPENSATION
CA$24K
AGE
63
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. Oct 18 Sell Charles Funk Individual 03. Oct 18 03. Oct 18 -40,000 CA$1.45 CA$-58,000
X
Management checks
We assess Evrim Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evrim Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Evrim Resources Corp. (CVE:EVM) Can Impact Your Portfolio Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Do Institutions Own Evrim Resources Corp. (CVE:EVM) Shares?

A look at the shareholders of Evrim Resources Corp. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Evrim Resources is a smaller company with a market capitalization of CA$27m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Evrim Resources Corp. (CVE:EVM) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Evrim Resources Corp. … Evrim Resources Insider Transactions Over The Last Year

Simply Wall St -

Does Evrim Resources Corp.'s (CVE:EVM) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Paddy Nicol's Compensation Compare With Similar Sized Companies. … is worth CA$26m, and total annual CEO compensation is CA$251k.

Simply Wall St -

Before You Buy Evrim Resources Corp (CVE:EVM), Consider Its Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Why Evrim Resources Corp's (CVE:EVM) CEO Salary Matters To You

Paddy Nicol is the CEO of Evrim Resources Corp (CVE:EVM), which has recently grown to a market capitalization of CA$90.46m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Evrim Resources

Simply Wall St -

Company Info

Description

Evrim Resources Corp. operates as a mineral exploration company in Mexico, southwestern United States, and western Canada. It primarily explores for copper, gold, silver, molybdenum, and precious and base metal deposits. The company owns a 100% interest in the Axe project covering an area of 4,938 hectares located in south central British Columbia, Canada. It also has interests in various projects located in Sonora, Durango, and Sinaloa states in Mexico. The company was formerly known as Avaranta Resources Ltd. and changed its name to Evrim Resources Corp. in December 2010. Evrim Resources Corp. was incorporated in 2005 and is headquartered in Vancouver, Canada.

Details
Name: Evrim Resources Corp.
EVM
Exchange: TSXV
Founded: 2005
CA$25,763,141
84,469,317
Website: http://www.evrimresources.com
Address: Evrim Resources Corp.
850 West Hastings Street,
Suite 910,
Vancouver,
British Columbia, V6C 1E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV EVM Common Shares TSX Venture Exchange CA CAD 25. Jan 2011
OTCPK EMRR.F Common Shares Pink Sheets LLC US USD 25. Jan 2011
DB 5EV Common Shares Deutsche Boerse AG DE EUR 25. Jan 2011
Number of employees
Current staff
Staff numbers
0
Evrim Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:29
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.