TSXV:FIL

Stock Analysis Report

Executive Summary

Filo Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina.

Rewards

Trading at 89.5% below its fair value

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

How has Filo Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.5%

FIL

0.6%

CA Metals and Mining

0.8%

CA Market


1 Year Return

-10.9%

FIL

28.8%

CA Metals and Mining

10.5%

CA Market

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

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


Shareholder returns

FILIndustryMarket
7 Day0.5%0.6%0.8%
30 Day-0.5%3.2%2.1%
90 Day-21.6%9.4%6.4%
1 Year-10.9%-10.9%29.8%28.8%14.0%10.5%
3 Year1.6%1.6%-1.8%-3.6%16.8%6.3%
5 Yearn/a27.3%23.1%36.8%16.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Filo Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FIL (CA$1.95) is trading below our estimate of fair value (CA$18.57)

Significantly Below Fair Value: FIL is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FIL is overvalued based on its PB Ratio (6.5x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Filo Mining forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FIL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Filo Mining performed over the past 5 years?

-30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FIL is currently unprofitable.

Growing Profit Margin: FIL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FIL is unprofitable, and losses have increased over the past 5 years at a rate of -30.8% per year.

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

Earnings vs Industry: FIL 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: FIL has a negative Return on Equity (-100.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Filo Mining's financial position?


Financial Position Analysis

Short Term Liabilities: FIL's short term assets (CA$21.2M) exceed its short term liabilities (CA$2.1M).

Long Term Liabilities: FIL's short term assets (CA$21.2M) exceed its long term liabilities (CA$17.3K).


Debt to Equity History and Analysis

Debt Level: FIL is debt free.

Reducing Debt: FIL had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: FIL's debt is not covered by short term assets (assets are -1.5283686631999E+18x 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: FIL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FIL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Filo Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.1%forecastin3Years0%

Current dividend yield vs market & industry

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

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

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

2.3yrs

Average management tenure


CEO

Adam Lundin (32yo)

2.3yrs

Tenure

CA$726,239

Compensation

Mr. Adam I. Lundin is a Director at NGEx Minerals Ltd. He has been Director at Africa Energy Corp. since July 05, 2018. He has been the Chief Executive Officer of Filo Mining Corp. since September 11, 2017 ...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD556.63K) is above average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.3yrs

Average Tenure

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


Board Age and Tenure

3.5yrs

Average Tenure

57yo

Average Age

Experienced Board: FIL's board of directors are considered experienced (3.5 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.


Recent Insider Transactions

BuyCA$5,000,00229 Aug 19
Lorito Holdings S.à.r.l.
EntityCompany
Shares1,818,182
Max PriceCA$2.75
SellCA$88,00006 Mar 19
Robert Carmichael
EntityIndividual
Role
Senior Key Executive
Vice President of Exploration
Shares40,000
Max PriceCA$2.20
SellCA$44,00001 Feb 19
Wojtek Wodzicki
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceCA$2.20

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.8%.


Management Team

  • Bob Carmichael (55yo)

    Vice President of Exploration

    • Tenure: 3.5yrs
    • Compensation: CA$350.08k
  • Brenda Nowak

    Corporate Secretary

    • Tenure: 0.3yrs
  • Alfredo Vitaller

    GM of South America Operations

    • Compensation: CA$271.68k
  • Adam Lundin (32yo)

    CEO & Director

    • Tenure: 2.3yrs
    • Compensation: CA$726.24k
  • Jamie Beck

    President

    • Tenure: 0.3yrs
    • Compensation: CA$280.58k
  • Jeff Yip

    Chief Financial Officer

    • Tenure: 3.2yrs
    • Compensation: CA$334.33k
  • Diego Charchaflie

    South American General Manager


    Board Members

    • Lukas Lundin (61yo)

      Non-Executive Chairman of the Board

      • Tenure: 3.4yrs
      • Compensation: CA$138.72k
    • Charles Ashley Heppenstall (57yo)

      Lead Director

      • Tenure: 3.5yrs
      • Compensation: CA$139.80k
    • Alessandro Bitelli (61yo)

      Independent Director

      • Tenure: 3.5yrs
      • Compensation: CA$143.26k
    • Wojtek Wodzicki (56yo)

      Director

      • Tenure: 3.7yrs
      • Compensation: CA$385.13k
    • Paul McRae (70yo)

      Independent Director

      • Tenure: 3.5yrs
      • Compensation: CA$138.26k
    • Pablo Jose Mir (55yo)

      Director

      • Tenure: 3.2yrs
      • Compensation: CA$138.26k
    • Adam Lundin (32yo)

      CEO & Director

      • Tenure: 2.3yrs
      • Compensation: CA$726.24k

    Company Information

    Filo Mining Corp.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Filo Mining Corp.
    • Ticker: FIL
    • Exchange: TSXV
    • Founded: 2016
    • Industry: Diversified Metals and Mining
    • Sector: Materials
    • Market Cap: CA$172.908m
    • Shares outstanding: 88.22m
    • Website: https://www.filo-mining.com

    Number of Employees


    Location

    • Filo Mining Corp.
    • 885 West Georgia Street
    • Suite 2000
    • Vancouver
    • British Columbia
    • V6C 3E8
    • Canada

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    FILTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2016
    FILOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKAug 2016
    2FCDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2016
    FLMM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2016

    Biography

    Filo Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina. Its flagship property is the Filo del Sol project, a copper, gold, and silver project located along the border of Region III, Chile and San Juan Province, Argentina. The company was incorporated in 2016 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 Analysis2020/01/22 01:28
    End of Day Share Price2020/01/21 00:00
    Earnings2019/09/30
    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.