Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China. More Details
Undervalued with excellent balance sheet.
Share Price & News
How has Majestic Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MJS has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: MJS underperformed the Canadian Metals and Mining industry which returned 54.7% over the past year.
Return vs Market: MJS exceeded the Canadian Market which returned -3.8% over the past year.
Price Volatility Vs. Market
How volatile is Majestic Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHere’s What’s Happening With Returns At Majestic Gold (CVE:MJS)
1 month ago | Simply Wall StAre Majestic Gold's (CVE:MJS) Statutory Earnings A Good Guide To Its Underlying Profitability?
2 months ago | Simply Wall StMajestic Gold Corp.'s (CVE:MJS) Share Price Matching Investor Opinion
Is Majestic Gold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MJS (CA$0.07) is trading below our estimate of fair value (CA$0.49)
Significantly Below Fair Value: MJS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MJS is good value based on its PE Ratio (11.3x) compared to the CA Metals and Mining industry average (24.4x).
PE vs Market: MJS is good value based on its PE Ratio (11.3x) compared to the Canadian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MJS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MJS is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (2.9x).
How is Majestic Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Majestic 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.
- Examine whether Majestic Gold is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Majestic Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Majestic Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MJS has high quality earnings.
Growing Profit Margin: MJS's current net profit margins (12.1%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: MJS has become profitable over the past 5 years, growing earnings by 59.1% per year.
Accelerating Growth: MJS's earnings growth over the past year (24.3%) is below its 5-year average (59.1% per year).
Earnings vs Industry: MJS earnings growth over the past year (24.3%) underperformed the Metals and Mining industry 78.5%.
Return on Equity
High ROE: MJS's Return on Equity (9.7%) is considered low.
How is Majestic Gold's financial position?
Financial Position Analysis
Short Term Liabilities: MJS's short term assets ($31.9M) do not cover its short term liabilities ($32.4M).
Long Term Liabilities: MJS's short term assets ($31.9M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: MJS's debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: MJS's debt to equity ratio has reduced from 28.7% to 13.2% over the past 5 years.
Debt Coverage: MJS's debt is well covered by operating cash flow (224.8%).
Interest Coverage: MJS's interest payments on its debt are well covered by EBIT (64.2x coverage).
What is Majestic Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MJS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MJS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MJS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MJS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MJS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Steve Kenwood (60 yo)
Mr. Stephen Patrick Kenwood, also known as Steve, BSc, PGeo, serves as Corporate Secretary at Ely Gold Royalties Inc. since June 30, 2019 and its Qualified Person. Mr. Kenwood has been the Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD170.66K).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|Independent Director||6.92yrs||US$24.75k||no data|
|Independent Director||6.92yrs||US$18.50k||no data|
|Chairman of Yantai Zhongjia Donghu Mining Company Limited||no data||no data||12.72% |
Experienced Board: MJS's board of directors are considered experienced (6.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Majestic Gold Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Majestic Gold Corp.
- Ticker: MJS
- Exchange: TSXV
- Industry: Gold
- Sector: Materials
- Market Cap: CA$68.102m
- Shares outstanding: 1.05b
- Website: https://www.majesticgold.com
- Majestic Gold Corp.
- 306-1688 152nd Street
- British Columbia
- V4A 4N2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MJS||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|MJT||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1988|
|MJGC.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1988|
Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China. The company explores for gold ores. It principally holds an interest in the Songjiag ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 23:59|
|End of Day Share Price||2020/10/19 00:00|
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.