Karmin Exploration Inc., a mining and exploration company, explores for and develops mineral properties.
+ 1 more risk
Imperfect balance sheet with weak fundamentals.
Share Price & News
How has Karmin Exploration's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KAR's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: KAR exceeded the Canadian Metals and Mining industry which returned 26.9% over the past year.
Return vs Market: KAR exceeded the Canadian Market which returned 10.4% over the past year.
Price Volatility Vs. Market
How volatile is Karmin Exploration's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall StCould Karmin Exploration Inc.'s (CVE:KAR) Investor Composition Influence The Stock Price?
7 months ago | Simply Wall StHow Does Investing In Karmin Exploration Inc. (CVE:KAR) Impact The Volatility Of Your Portfolio?
11 months ago | Simply Wall StWhat Kind Of Shareholders Own Karmin Exploration Inc. (CVE:KAR)?
Is Karmin Exploration undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KAR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KAR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KAR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: KAR 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 KAR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KAR is overvalued based on its PB Ratio (13x) compared to the CA Metals and Mining industry average (1.5x).
How is Karmin Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Karmin Exploration 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.
- Take a look at our analysis of KAR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Karmin Exploration competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Karmin Exploration performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KAR is currently unprofitable.
Growing Profit Margin: KAR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KAR is unprofitable, and losses have increased over the past 5 years at a rate of -67.4% per year.
Accelerating Growth: Unable to compare KAR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KAR 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: KAR has a negative Return on Equity (-280.37%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Karmin Exploration's financial position?
Financial Position Analysis
Short Term Liabilities: KAR's short term assets (CA$53.1K) do not cover its short term liabilities (CA$2.0M).
Long Term Liabilities: KAR's short term assets (CA$53.1K) do not cover its long term liabilities (CA$1.3M).
Debt to Equity History and Analysis
Debt Level: KAR's debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: KAR's debt to equity ratio has reduced from 23.8% to 20.9% over the past 5 years.
Inventory Level: KAR has a low level of unsold assets or inventory.
Debt Coverage by Assets: KAR's debt is not covered by short term assets (assets are 0x 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: KAR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: KAR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -26.2% each year
What is Karmin Exploration's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate KAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate KAR'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 KAR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KAR'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 KAR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
David Brace (66yo)
Mr. David W. Brace, P. Geo, B.Sc. (geology), M.B.A., serves as the President of Lambton Capital Inc. Mr. Brace has been the Chief Executive Officer of Karmin Exploration Inc. since September 2, 2011. He se ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD165.67K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CEO & Director||8.1yrs||CA$120.00k||2.58% CA$2.3m|
|CFO & Director||21.8yrs||CA$84.00k||6.49% CA$5.9m|
|Independent Director||8.1yrs||no data||no data|
|Chairman of the Board||0yrs||CA$48.00k||15.94% CA$14.5m|
|Independent Director||8.1yrs||no data||0.28% CA$252.5k|
|Independent Director||7.8yrs||no data||0.34% CA$309.7k|
Experienced Board: KAR's board of directors are considered experienced (8.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KAR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Karmin Exploration Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Karmin Exploration Inc.
- Ticker: KAR
- Exchange: TSXV
- Founded: 1995
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$90.845m
- Shares outstanding: 89.95m
- Website: https://www.karmin.com
- Karmin Exploration Inc.
- First Canadian Place
- 100 King Street West
- M5X 1C7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KAR||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Oct 2000|
|KAR||BVL (Bolsa de Valores de Lima)||Yes||Common Shares||PE||USD||Oct 2000|
|KRME.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2000|
|K1X||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Oct 2000|
Karmin Exploration Inc., a mining and exploration company, explores for and develops mineral properties. It primarily explores for zinc, gold, and silver deposits. It owns an interest in the Aripuana property located in Brazil. The company was formerly known as Ambrex Mining Corporation and changed its name to Karmin Exploration Inc. in August 1999. Karmin Exploration Inc. was incorporated in 1995 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/30 23:39|
|End of Day Share Price||2019/10/28 00:00|
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.