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MJS

Majestic Gold TSXV:MJS Stock Report

Last Price

CA$0.045

Market Cap

CA$46.9m

7D

-10.0%

1Y

-25.0%

Updated

29 Jun, 2022

Data

Company Financials
MJS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MJS Stock Overview

Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China, Australia, and Canada.

Majestic Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Majestic Gold
Historical stock prices
Current Share PriceCA$0.045
52 Week HighCA$0.08
52 Week LowCA$0.045
Beta0.71
1 Month Change-18.18%
3 Month Change-30.77%
1 Year Change-25.00%
3 Year Change-30.77%
5 Year Change-30.77%
Change since IPO-98.93%

Recent News & Updates

Jun 25
These 4 Measures Indicate That Majestic Gold (CVE:MJS) Is Using Debt Safely

These 4 Measures Indicate That Majestic Gold (CVE:MJS) Is Using Debt Safely

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Apr 01
Returns Are Gaining Momentum At Majestic Gold (CVE:MJS)

Returns Are Gaining Momentum At Majestic Gold (CVE:MJS)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...

Dec 23
Is Majestic Gold (CVE:MJS) Using Too Much Debt?

Is Majestic Gold (CVE:MJS) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

MJSCA Metals and MiningCA Market
7D-10.0%-5.9%-0.4%
1Y-25.0%-12.1%-2.9%

Return vs Industry: MJS underperformed the Canadian Metals and Mining industry which returned -12.1% over the past year.

Return vs Market: MJS underperformed the Canadian Market which returned -2.9% over the past year.

Price Volatility

Is MJS's price volatile compared to industry and market?
MJS volatility
MJS Average Weekly Movement9.5%
Metals and Mining Industry Average Movement11.0%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: MJS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: MJS's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aSteve Kenwoodhttps://www.majesticgold.com

Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China, Australia, and Canada. The company primarily explores for gold ores. Its flagship project is the Songjiagou gold mine located in the Shandong Province of China.

Majestic Gold Fundamentals Summary

How do Majestic Gold's earnings and revenue compare to its market cap?
MJS fundamental statistics
Market CapUS$36.39m
Earnings (TTM)US$4.71m
Revenue (TTM)US$49.64m

7.7x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MJS income statement (TTM)
RevenueUS$49.64m
Cost of RevenueUS$16.95m
Gross ProfitUS$32.69m
Other ExpensesUS$27.98m
EarningsUS$4.71m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0045
Gross Margin65.85%
Net Profit Margin9.50%
Debt/Equity Ratio4.8%

How did MJS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MJS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MJS?

Other financial metrics that can be useful for relative valuation.

MJS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA0.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MJS's PE Ratio compare to its peers?

MJS PE Ratio vs Peers
The above table shows the PE ratio for MJS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average642x
GRC Gold Springs Resource
26.2xn/aCA$46.1m
RYR Royal Road Minerals
3.2xn/aCA$50.5m
TSG TriStar Gold
2617.5xn/aCA$34.4m
RDS Radisson Mining Resources
15.9xn/aCA$31.7m
MJS Majestic Gold
7.7xn/aCA$46.9m

Price-To-Earnings vs Peers: MJS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (642x).


Price to Earnings Ratio vs Industry

How does MJS's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: MJS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the Canadian Metals and Mining industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is MJS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MJS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MJS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MJS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MJS (CA$0.05) is trading below our estimate of fair value (CA$0.07)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MJS's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

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.


Discover growth companies

  • 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.

Past Performance

How has Majestic Gold performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MJS has high quality earnings.

Growing Profit Margin: MJS's current net profit margins (9.5%) are lower than last year (23.6%).


Past Earnings Growth Analysis

Earnings Trend: MJS's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: MJS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MJS had negative earnings growth (-58.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-5.8%).


Return on Equity

High ROE: MJS's Return on Equity (8.5%) is considered low.


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Financial Health

How is Majestic Gold's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MJS's short term assets ($46.5M) exceed its short term liabilities ($25.5M).

Long Term Liabilities: MJS's short term assets ($46.5M) exceed its long term liabilities ($10.9M).


Debt to Equity History and Analysis

Debt Level: MJS has more cash than its total debt.

Reducing Debt: MJS's debt to equity ratio has reduced from 26.2% to 4.8% over the past 5 years.

Debt Coverage: MJS's debt is well covered by operating cash flow (482.2%).

Interest Coverage: MJS's interest payments on its debt are well covered by EBIT (396.1x coverage).


Balance Sheet


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Dividend

What is Majestic Gold current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MJS has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Steve Kenwood (61 yo)

8.25yrs

Tenure

US$56,898

Compensation

Mr. Stephen Patrick Kenwood, also known as Steve, BSc, PGeo, is an Independent Director at Silver Range Resources Ltd. since December 6, 2021. He is an Independent Director at Optimus Gold Corp. since May...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD56.90K) is below average for companies of similar size in the Canadian market ($USD174.83K).

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


Leadership Team

Experienced Management: MJS's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: MJS's board of directors are considered experienced (8.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Majestic Gold Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Majestic Gold Corp.
  • Ticker: MJS
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$46.920m
  • Shares outstanding: 1.04b
  • Website: https://www.majesticgold.com

Location

  • Majestic Gold Corp.
  • 1688 152nd Street
  • Suite 306
  • Surrey
  • British Columbia
  • V4A 4N2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.