TSXV:MAI

Stock Analysis Report

Executive Summary

Minera Alamos Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico.


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Minera Alamos's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

14.5%

MAI

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

186.4%

MAI

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: MAI exceeded the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: MAI exceeded the Canadian Market which returned 4.6% over the past year.


Shareholder returns

MAIIndustryMarket
7 Day14.5%4.7%0.2%
30 Day14.5%5.2%0.5%
90 Day50.0%13.4%4.0%
1 Year186.4%186.4%5.5%4.8%7.9%4.6%
3 Year75.0%75.0%-2.8%-4.4%17.8%7.2%
5 Year96.9%96.9%25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Minera Alamos 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: MAI (CA$0.32) is trading below our estimate of fair value (CA$1.66)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MAI is overvalued based on its PB Ratio (69.9x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

14.1%

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 Minera Alamos 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 Minera Alamos performed over the past 5 years?

-51.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAI is currently unprofitable.

Growing Profit Margin: MAI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAI is unprofitable, and losses have increased over the past 5 years at a rate of -51.2% per year.

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

Earnings vs Industry: MAI 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: MAI has a negative Return on Equity (-400.78%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Minera Alamos's financial position?


Financial Position Analysis

Short Term Liabilities: MAI's short term assets (CA$4.9M) exceed its short term liabilities (CA$3.8M).

Long Term Liabilities: MAI's short term assets (CA$4.9M) exceed its long term liabilities (CA$48.4K).


Debt to Equity History and Analysis

Debt Level: MAI's debt to equity ratio (153.5%) is considered high.

Reducing Debt: MAI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: MAI has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAI's debt is covered by short term assets (assets are 1.9x 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: MAI has less than a year of cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is Minera Alamos's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MAI'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 MAI'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

Darren Koningen 0

2.8yrs

Tenure

CA$84,000

Compensation

Mr. Darren M. Koningen, P.Eng. & B.sc, has been Chief Executive Officer of Minera Alamos Inc. since May 31, 2017. Mr. Koningen has been the President of NWM Mining Corporation since May 21, 2013 and as its ...


CEO Compensation Analysis

Compensation vs Market: Darren's total compensation ($USD63.57K) is below average for companies of similar size in the Canadian market ($USD154.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Darren Koningen
CEO & Director2.8yrsCA$84.00k1.61% CA$2.1m
Douglas Ramshaw
President & Director1.8yrsCA$90.00k1.02% CA$1.3m
Christopher Chadder
Chief Financial Officer2.6yrsCA$134.00k0.36% CA$464.8k
Carolina Salas
Vice President of Technical Services0.7yrsno datano data
Vargas de Szarzynski
Vice President of Investor Relations0.08yrsno datano data
Fernando Sotomayor
Controller0yrsno datano data
Janet O'Donnell
2.5yrsCA$13.71kno data

2.2yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Darren Koningen
CEO & Director2.8yrsCA$84.00k1.61% CA$2.1m
Douglas Ramshaw
President & Director1.8yrsCA$90.00k1.02% CA$1.3m
Robert Durham
Independent Director4.8yrsno data0.066% CA$85.1k
Ruben Padilla
Independent Director2.7yrsCA$56.00kno data

3.7yrs

Average Tenure

Experienced Board: MAI's board of directors are considered experienced (3.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MAI 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 substantially diluted in the past year, with total shares outstanding growing by 54.3%.


Top Shareholders

Company Information

Minera Alamos Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minera Alamos Inc.
  • Ticker: MAI
  • Exchange: TSXV
  • Founded: 1934
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$128.154m
  • Shares outstanding: 406.84m
  • Website: https://www.mineraalamos.com

Location

  • Minera Alamos Inc.
  • 55 York Street East
  • Suite 402
  • Toronto
  • Ontario
  • M5J 1R7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAITSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2006
PYCPDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2006
MAIF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2006

Biography

Minera Alamos Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. It primarily holds interests in the La Fortuna project consisting of 4 claims with an area of 994 hectares located in the state of Durango; and Santana project covering 8 claims with an area of approximately 7,300 hectares located in the state of Sonora. The company was formerly known as Virgin Metals Inc. and changed its name to Minera Alamos Inc. in May 2014. Minera Alamos Inc. was incorporated in 1934 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:19
End of Day Share Price2020/02/21 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.