TSXV:LUM

Stock Analysis Report

Executive Summary

Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metals in Ecuador.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Lumina Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

5.5%

LUM

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

24.2%

LUM

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: LUM exceeded the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: LUM exceeded the Canadian Market which returned 4.5% over the past year.


Shareholder returns

LUMIndustryMarket
7 Day5.5%3.5%-1.5%
30 Day10.0%5.0%-0.7%
90 Day45.3%14.3%1.8%
1 Year24.2%24.2%7.5%6.8%5.7%2.5%
3 Year-14.4%-14.4%2.8%1.0%16.8%6.2%
5 Year57.1%57.1%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Lumina Gold undervalued compared to its fair value and its price relative to the market?

26.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: LUM is overvalued based on its PB Ratio (26.8x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Lumina Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.0%

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 Lumina Gold 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 Lumina Gold performed over the past 5 years?

-46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LUM is currently unprofitable.

Growing Profit Margin: LUM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LUM is unprofitable, and losses have increased over the past 5 years at a rate of -46.5% per year.

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

Earnings vs Industry: LUM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: LUM has a negative Return on Equity (-246.03%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lumina Gold's financial position?


Financial Position Analysis

Short Term Liabilities: LUM's short term assets ($3.8M) exceed its short term liabilities ($902.6K).

Long Term Liabilities: LUM's short term assets ($3.8M) exceed its long term liabilities ($49.4K).


Debt to Equity History and Analysis

Debt Level: LUM is debt free.

Reducing Debt: LUM had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if LUM's debt is covered by short term assets.


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

Forecast Cash Runway: LUM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -40% each year


Next Steps

Dividend

What is Lumina Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

5.6yrs

Average management tenure


CEO

Marshall Koval (61yo)

5.6yrs

Tenure

US$433,826

Compensation

Mr. Marshall A. Koval, P.G.,serves as Chief Executive Officer at Luminex Resources Corp. and has been its Director since August 27, 2018. He serves as a Director of Miedzi Copper Corp. Mr. Koval has been t ...


CEO Compensation Analysis

Compensation vs Market: Marshall's total compensation ($USD328.32K) is below average for companies of similar size in the Canadian market ($USD663.47K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marshall Koval
President5.6yrsUS$433.83k3.51% $9.0m
Martin Raymond Rip
Chief Financial Officer5.6yrsUS$292.96k1.07% $2.7m
Lyle Braaten
VP of Legal Counsel & Director5.6yrsUS$261.43k1.62% $4.1m
Peter Hathaway
Senior Vice President5.6yrsUS$341.65k0.065% $165.0k
Scott Victor Hicks
Vice President of Corporate Development & Communications2.9yrsUS$591.74k0.036% $92.4k
Jady Tsang
Corporate Secretary0yrsno datano data

5.6yrs

Average Tenure

52yo

Average Age

Experienced Management: LUM's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marshall Koval
President5.6yrsUS$433.83k3.51% $9.0m
Lyle Braaten
VP of Legal Counsel & Director5.6yrsUS$261.43k1.62% $4.1m
Michael Steinmann
Independent Director5.6yrsUS$126.03k0.41% $1.1m
Donald Shumka
Independent Director5.6yrsUS$126.03k0.39% $1.0m
Stephen Stow
Independent Director25.3yrsUS$129.03k1.48% $3.8m
Heye Daun
Director3.3yrsUS$126.03kno data

5.6yrs

Average Tenure

57.5yo

Average Age

Experienced Board: LUM's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LUM 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 16.7%.


Top Shareholders

Company Information

Lumina Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lumina Gold Corp.
  • Ticker: LUM
  • Exchange: TSXV
  • Founded: 1988
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$255.081m
  • Shares outstanding: 331.27m
  • Website: https://www.luminagold.com

Location

  • Lumina Gold Corp.
  • 625 Howe Street
  • Suite 410
  • Vancouver
  • British Columbia
  • V6C 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LUMTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 1990
LMGD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1990
OMH2DB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1990

Biography

Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metals in Ecuador. The company primarily explores for gold and copper deposits. Its principal project is the Cangrejos project consisting of 10 mineral concessions covering an area of approximately 6,373 hectares located in El Oro Province, southwest Ecuador. The company was formerly known as Odin Mining and Exploration Ltd. and changed its name to Lumina Gold Corp. in November 2016. Lumina Gold Corp. was incorporated in 1988 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 Analysis2020/02/25 00:06
End of Day Share Price2020/02/24 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.