TSXV:MKO

Stock Analysis Report

Executive Summary

Mako Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Nicaragua and Mexico.


Snowflake Analysis

Adequate balance sheet with limited growth.

Share Price & News

How has Mako Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MKO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.1%

MKO

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

200.0%

MKO

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: MKO exceeded the Canadian Metals and Mining industry which returned 6.8% over the past year.

Return vs Market: MKO exceeded the Canadian Market which returned 2.5% over the past year.


Shareholder returns

MKOIndustryMarket
7 Day15.1%3.5%-1.5%
30 Day25.4%5.0%-0.7%
90 Day86.7%14.3%1.8%
1 Year200.0%200.0%7.5%6.8%5.7%2.5%
3 Year82.6%82.6%2.8%1.0%16.8%6.2%
5 Year425.0%425.0%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mako Mining undervalued compared to its fair value and its price relative to the market?

16.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MKO is overvalued based on its PB Ratio (16.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Mako Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

36.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MKO's forecast earnings growth is above the savings rate (1.4%).

Earnings vs Market: Insufficient data to determine if MKO's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MKO's revenue (36% per year) is forecast to grow faster than the Canadian market (4.6% per year).

High Growth Revenue: MKO's revenue (36% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MKO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mako Mining performed over the past 5 years?

-78.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MKO is currently unprofitable.

Growing Profit Margin: MKO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MKO is unprofitable, and losses have increased over the past 5 years at a rate of -78.1% per year.

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

Earnings vs Industry: MKO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: MKO has a negative Return on Equity (-185.7%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mako Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MKO's short term assets (CA$29.6M) exceed its short term liabilities (CA$17.6M).

Long Term Liabilities: MKO's short term assets (CA$29.6M) exceed its long term liabilities (CA$3.9M).


Debt to Equity History and Analysis

Debt Level: MKO is debt free.

Reducing Debt: MKO had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if MKO'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: MKO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MKO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -24.2% each year


Next Steps

Dividend

What is Mako Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

1.1yrs

Average management tenure


CEO

Akiba Jacob Leisman (42yo)

0.9yrs

Tenure

CA$12,003

Compensation

Mr. Akiba Jacob Issachar Leisman serves as the CEO and a Director of Mako Mining Corp. (“Mako”). Previously, he was Executive Chairman and Interim CEO of Marlin Gold Mining Ltd. (“Marlin”), leading Marlin  ...


Leadership Team

NamePositionTenureCompensationOwnership
Akiba Jacob Leisman
CEO & Director0.9yrsCA$12.00k1.62% CA$3.8m
Scott Kelly
CFO & Company Secretary1.3yrsCA$156.98kno data
Cesar Gonzalez
VP of Corporate Development & Director1.3yrsCA$12.00k0.44% CA$1.0m
Jesse Muñoz
Chief Operating Officer1.3yrsno datano data

1.1yrs

Average Tenure

42yo

Average Age

Experienced Management: MKO's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Akiba Jacob Leisman
CEO & Director0.9yrsCA$12.00k1.62% CA$3.8m
Cesar Gonzalez
VP of Corporate Development & Director1.3yrsCA$12.00k0.44% CA$1.0m
John Walter Hick
Independent Non-Executive Chairman1.3yrsCA$19.21kno data
John Stevens
Director0.2yrsno datano data
Rael Lipson
Independent Director6.3yrsCA$25.80k0.067% CA$158.2k
John Pontius
Independent Director1.3yrsCA$12.00k0.0053% CA$12.5k
Paul Jacobi
Director0.6yrsno datano data

1.3yrs

Average Tenure

69yo

Average Age

Experienced Board: MKO's board of directors are not considered experienced ( 1.3 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: Insufficient data to determine if 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 substantially diluted in the past year, with total shares outstanding growing by 96.9%.


Top Shareholders

Company Information

Mako Mining Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mako Mining Corp.
  • Ticker: MKO
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$236.399m
  • Shares outstanding: 583.70m
  • Website: https://www.makominingcorp.com

Location

  • Mako Mining Corp.
  • 595 Burrard Street
  • Suite 2833
  • Vancouver
  • British Columbia
  • V7X 1K8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MKOTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2006
GQRDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2006
MAKO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2006

Biography

Mako Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Nicaragua and Mexico. It primarily explores for gold deposits, as well as explores silver deposits. The company holds interest in the San Albino-Murra Property and the El Jicaro Property, which covers an aggregate area of 13,771 hectares located in north-central Nicaragua. It also holds interest in the La Trinidad open-pit, heap leach gold mine in Sinaloa State, Mexico. The company was formerly known as Golden Reign Resources Ltd. and changed its name to Mako Mining Corp. in November 2018. Mako Mining Corp. was incorporated in 2004 and 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 Analysis2020/02/25 00:41
End of Day Share Price2020/02/24 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.