TSXV:MBR.H

Stock Analysis Report

Executive Summary

MBMI Resources Inc., a mining company, engages in the exploration and development of nickel mineral properties in the Philippines.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has MBMI Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MBR.H has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MBR.H

3.1%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-25.0%

MBR.H

4.7%

CA Metals and Mining

5.3%

CA Market

Return vs Industry: MBR.H underperformed the Canadian Metals and Mining industry which returned 4.7% over the past year.

Return vs Market: MBR.H underperformed the Canadian Market which returned 5.3% over the past year.


Shareholder returns

MBR.HIndustryMarket
7 Day0%3.1%0.6%
30 Dayn/a3.5%1.0%
90 Day-7.7%11.9%4.5%
1 Year-25.0%-25.0%5.4%4.7%8.6%5.3%
3 Yearn/a-4.3%-5.9%18.0%7.4%
5 Yearn/a24.6%21.0%34.4%14.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is MBMI Resources undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether MBMI Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MBMI Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MBR.H’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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MBMI Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.9%

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 MBMI 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MBMI Resources performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBR.H is currently unprofitable.

Growing Profit Margin: MBR.H is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MBR.H is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.

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

Earnings vs Industry: MBR.H is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.7%).


Return on Equity

High ROE: MBR.H's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MBMI Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MBR.H has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MBR.H has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MBR.H has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MBR.H's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: MBR.H has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: MBR.H has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MBR.H has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.8% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if MBR.H'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 MBR.H'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?

4.8yrs

Average board tenure


CEO

Joseph Chan (73yo)

6.3yrs

Tenure

CA$30,000

Compensation

Mr. Shuen Chuen Chan, also known as Joseph, MBA, ACA(UK), FCPA(HK), CPA, CGA, serves as the President of MBMI Resources, Inc. Mr. Chan serves as Interim Chief Executive Officer of MBMI Resources, Inc. sinc ...


CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD22.62K) is below average for companies of similar size in the Canadian market ($USD154.33K).

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


Board Members

NamePositionTenureCompensationOwnership
Shuen Chan
President6.3yrsCA$30.00kno data
Eric Chan
CFO & Director0.2yrsCA$48.00kno data
Jose Paredes Leviste
Vice Chairman of Mbmi Philippines and Director of Mbmi Philippines0yrsno datano data
Kim Tong
Independent Director4.9yrsCA$8.40kno data
Vivian Yan
Independent Director4.8yrsCA$8.40kno data

4.8yrs

Average Tenure

Experienced Board: MBR.H's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Top Shareholders

Company Information

MBMI Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MBMI Resources Inc.
  • Ticker: MBR.H
  • Exchange: TSXV
  • Founded: 1987
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$145.910k
  • Listing Market Cap: US$193.500k
  • Shares outstanding: 3.98m
  • Website: https://www.mbmiresources.com

Location

  • MBMI Resources Inc.
  • 8787 Woodbine Avenue
  • Unit 217
  • Markham
  • Ontario
  • L3R 5W9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBR.HTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1998
MBRT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1998

Biography

MBMI Resources Inc., a mining company, engages in the exploration and development of nickel mineral properties in the Philippines. The company’ principal properties include the Alpha, Bethlehem, and Northern Rio Tuba properties covering an area of 12,560 hectares located in Palawan, the Philippines. It also holds interest in the Borongan-Maydolong, Gen. Mcarthur-Llorente, Balangiga-Giporlos, and Homohon Island properties covering an area of 10,150 hectares situated in Samar, the Philippines. The company was incorporated in 1987 and is headquartered in Markham, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:48
End of Day Share Price2020/02/05 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


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.