TSXV:MFX

Stock Analysis Report

Minfocus Exploration

Executive Summary

Minfocus Exploration Corp. acquires, explores for, and develops base and precious metal mineral properties in Canada.

Risk Analysis

Earnings have declined by -28.72% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$827K)

+ 1 more risk


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Minfocus Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-11.1%

MFX

0.3%

CA Metals and Mining

1.2%

CA Market


1 Year Return

-20.0%

MFX

28.3%

CA Metals and Mining

9.6%

CA Market

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

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


Shareholder returns

MFXIndustryMarket
7 Day-11.1%0.3%1.2%
30 Day0%3.2%2.6%
90 Day-11.1%7.8%6.0%
1 Year-20.0%-20.0%29.2%28.3%13.1%9.6%
3 Year-61.9%-61.9%-0.4%-2.2%17.1%6.4%
5 Year-42.9%-42.9%28.4%24.2%36.1%16.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Minfocus Exploration undervalued compared to its fair value and its price relative to the market?

1.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MFX is overvalued based on its PB Ratio (1.8x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.6%

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 Minfocus 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.


Next Steps

Past Performance

How has Minfocus Exploration performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MFX is currently unprofitable.

Growing Profit Margin: MFX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MFX is unprofitable, and losses have increased over the past 5 years at a rate of -28.7% per year.

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

Earnings vs Industry: MFX 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: MFX has a negative Return on Equity (-14.76%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Minfocus Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: MFX's short term assets (CA$11.3K) do not cover its short term liabilities (CA$331.6K).

Long Term Liabilities: MFX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MFX's debt to equity ratio (2.2%) is considered satisfactory.

Reducing Debt: MFX's debt to equity ratio has reduced from 6.4% to 2.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: MFX's debt is covered by short term assets (assets are 1.1x 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: MFX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MFX has less than a year of cash runway if free cash flow continues to grow at historical rates of 68.5% each year.


Next Steps

Dividend

What is Minfocus Exploration's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

1.9yrs

Average board tenure


CEO

Kenneth de Graaf (60yo)

2yrs

Tenure

CA$42,225

Compensation

Mr. Kenneth B. de Graaf, also known as Ken, B.Sc..(Hons.), M.A.Sc. (Met. Eng.) has been CEO & President of Minfocus Exploration Corp. since January 9, 2018. Mr. de Graaf served as Senior Vice President of  ...


CEO Compensation Analysis

Compensation vs Market: Kenneth's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD165.67K).

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


Board Age and Tenure

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: MFX's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 71.7%.


Management Team

  • Kenneth de Graaf (60yo)

    President

    • Tenure: 2yrs
    • Compensation: CA$42.23k
  • Jody Bellefleur

    CFO & Secretary

    • Tenure: 1.9yrs
    • Compensation: CA$14.91k

Board Members

  • John Booth (53yo)

    Member of Advisory Board

    • Tenure: 1.9yrs
  • Kenneth de Graaf (60yo)

    President

    • Tenure: 2yrs
    • Compensation: CA$42.23k
  • Leo Power (57yo)

    Director

    • Tenure: 1.3yrs
  • Alicia Milne (44yo)

    Director

    • Tenure: 1.3yrs
  • Graham Wilson (64yo)

    Independent Director

    • Tenure: 8yrs
    • Compensation: CA$12.42k
  • Cynthia Coron

    Member of Advisory Board

    • Tenure: 1.9yrs
  • Neil Froc

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: CA$12.42k
  • Wayde Guinchard

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Francis Manns

    Member of Advisory Board

    • Tenure: 2yrs

Company Information

Minfocus Exploration Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minfocus Exploration Corp.
  • Ticker: MFX
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$735.288k
  • Shares outstanding: 18.38m
  • Website: https://www.minfocus.com

Location

  • Minfocus Exploration Corp.
  • 625 Howe Street
  • Suite 488
  • Vancouver
  • British Columbia
  • V6C 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFXTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2012
MNNF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2012

Biography

Minfocus Exploration Corp. acquires, explores for, and develops base and precious metal mineral properties in Canada. The company primarily explores for zinc, nickel, and platinum group element. It holds a 20% interest in the Coral zinc project located in northeastern British Columbia. The company also has an agreement to acquire a 100% interest in the Peregrine zinc project located in southeastern British Columbia; and the Round Pond zinc project located in Western Newfoundland. Minfocus Exploration Corp. 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 Analysis2020/01/17 02:11
End of Day Share Price2020/01/16 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.