TSXV:MGM

Stock Analysis Report

Executive Summary

Maple Gold Mines Ltd. operates as a gold exploration company in Canada.

Risk Analysis

Earnings have declined by -32.67% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$19M)



Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

14.3%

MGM

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-30.4%

MGM

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: MGM underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.

Return vs Market: MGM underperformed the Canadian Market which returned 4.9% over the past year.


Shareholder returns

MGMIndustryMarket
7 Day14.3%4.6%0.2%
30 Day-11.1%3.7%0.4%
90 Day-11.1%10.7%3.7%
1 Year-30.4%-30.4%5.1%4.5%8.2%4.9%
3 Year-75.8%-75.8%-5.4%-7.0%15.9%5.5%
5 Year14.3%14.3%26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MGM is overvalued based on its PB Ratio (7.1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Maple Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.8%

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 Maple Gold Mines 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 Maple Gold Mines performed over the past 5 years?

-32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGM is currently unprofitable.

Growing Profit Margin: MGM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MGM is unprofitable, and losses have increased over the past 5 years at a rate of -32.7% per year.

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

Earnings vs Industry: MGM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).


Return on Equity

High ROE: MGM has a negative Return on Equity (-85.93%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Maple Gold Mines's financial position?


Financial Position Analysis

Short Term Liabilities: MGM's short term assets (CA$4.5M) exceed its short term liabilities (CA$2.3M).

Long Term Liabilities: MGM's short term assets (CA$4.5M) exceed its long term liabilities (CA$958.4K).


Debt to Equity History and Analysis

Debt Level: MGM is debt free.

Reducing Debt: MGM has no debt compared to 5 years ago when its debt to equity ratio was 0%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if MGM'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: MGM has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MGM has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of -35.4% each year.


Next Steps

Dividend

What is Maple Gold Mines'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 MGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

2.4yrs

Average management tenure


CEO

B. Hornor (47yo)

2.5yrs

Tenure

CA$195,000

Compensation

Mr. B. Matthew Hornor has been Executive Chairman and Chief Executive Officer of DLTA 21 Blockchain Corp (formerly Protos Blockchain Corp) since June 13, 2017. He has been the President and Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: B.'s total compensation ($USD147.06K) is about average for companies of similar size in the Canadian market ($USD154.66K).

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


Leadership Team

NamePositionTenureCompensationOwnership
B. Hornor
President2.5yrsCA$195.00k0.47% CA$91.4k
Gregg Orr
Chief Financial Officer2.3yrsCA$185.63k0.062% CA$12.0k
Joness Lang
Vice President of Corporate Development2.7yrsno data0.13% CA$25.8k
Friedrich Speidel
Vice President of Exploration2.4yrsno data0.075% CA$14.5k
Michelle Borthwick
Vice President of Compliance and Corporate Secretary1.8yrsno data0.021% CA$4.0k

2.4yrs

Average Tenure

Experienced Management: MGM's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
B. Hornor
President2.5yrsCA$195.00k0.47% CA$91.4k
Jean Lafleur
Member of Technical Advisory Committee2.6yrsCA$161.50kno data
Raymond Bergen
Member of Technical Advisory Committee2.6yrsno datano data
Maurice A. Tagami
Independent Director2.5yrsCA$19.00k0.14% CA$27.0k
Sean Charland
Independent Director3.8yrsCA$22.00k0.20% CA$38.4k
David Broughton
Independent Director2.5yrsCA$11.00k0.010% CA$2.0k
John Casson
Member of Technical Advisory Committee2.6yrsno datano data

2.6yrs

Average Tenure

61yo

Average Age

Experienced Board: MGM's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: MGM 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 12.9%.


Top Shareholders

Company Information

Maple Gold Mines Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maple Gold Mines Ltd.
  • Ticker: MGM
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$19.255m
  • Shares outstanding: 240.69m
  • Website: https://www.maplegoldmines.com

Location

  • Maple Gold Mines Ltd.
  • 250, Place d’Youville
  • 2nd Floor
  • Montreal
  • Quebec
  • H2Y 2B6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGMTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2011
MGML.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2011
M3GDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2011
0AJ1LSE (London Stock Exchange)YesCommon SharesGBCADAug 2011

Biography

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project with 666 contiguous mineral claims covering an area of approximately 355 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec. The company was formerly known as Aurvista Gold Corporation and changed its name to Maple Gold Mines Ltd. in November 2017. Maple Gold Mines Ltd. was incorporated in 2010 and is based in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:22
End of Day Share Price2020/02/18 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.