Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. More Details
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Millennial Lithium's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ML is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: ML's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: ML exceeded the Canadian Metals and Mining industry which returned 37.9% over the past year.
Return vs Market: ML exceeded the Canadian Market which returned -0.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Millennial Lithium's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall StWill Millennial Lithium (CVE:ML) Spend Its Cash Wisely?
9 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Millennial Lithium Corp.'s (CVE:ML) Shareholder Register?
10 months ago | Simply Wall StGraham Harris Is The Chairman of Millennial Lithium Corp. (CVE:ML) And They Just Spent CA$52k On Shares
Is Millennial Lithium undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ML's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ML's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ML is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: ML 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 ML's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ML is overvalued based on its PB Ratio (3.3x) compared to the CA Metals and Mining industry average (2.7x).
How is Millennial Lithium 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 Millennial Lithium 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 Millennial Lithium's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Millennial Lithium competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Millennial Lithium performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ML is currently unprofitable.
Growing Profit Margin: ML is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ML is unprofitable, and losses have increased over the past 5 years at a rate of 5.5% per year.
Accelerating Growth: Unable to compare ML's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ML is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).
Return on Equity
High ROE: ML has a negative Return on Equity (-5.18%), as it is currently unprofitable.
How is Millennial Lithium's financial position?
Financial Position Analysis
Short Term Liabilities: ML's short term assets (CA$13.1M) exceed its short term liabilities (CA$433.9K).
Long Term Liabilities: ML's short term assets (CA$13.1M) exceed its long term liabilities (CA$268.7K).
Debt to Equity History and Analysis
Debt Level: ML is debt free.
Reducing Debt: ML had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ML has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ML has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 34.6% each year.
What is Millennial Lithium current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ML's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ML's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ML's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ML's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Farhad Abasov (48 yo)
Mr. Farhad Abasov, B.A., MBA, serves as Senior Advisor of Ubequity Capital Partners Inc. Mr. Abasov has been Chief Executive Officer at Millennial Lithium Corp. since May 8, 2017. He has business managemen...
CEO Compensation Analysis
Compensation vs Market: Farhad's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD580.92K).
Compensation vs Earnings: Farhad's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||3yrs||CA$355.09k||no data|
|VP of Exploration & Development and COO||3.75yrs||CA$520.71k||0.79% |
|Senior Vice President of Technical Services||3.5yrs||CA$413.09k||no data|
|Corporate Secretary||no data||CA$857.00k||0% |
Experienced Management: ML's management team is considered experienced (3.5 years average tenure).
|Independent Director||3.5yrs||CA$56.13k||0.14% |
|Independent Director||2.17yrs||CA$20.42k||0.012% |
|Director||3yrs||no data||no data|
|Member of Technical Advisory Board||4.17yrs||no data||no data|
|Director of Proyecto Pastos Grandes||no data||CA$144.16k||no data|
Experienced Board: ML's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ML insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Millennial Lithium Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Millennial Lithium Corp.
- Ticker: ML
- Exchange: TSXV
- Founded: 2005
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$240.138m
- Shares outstanding: 83.38m
- Website: https://www.millenniallithium.com
Number of Employees
- Millennial Lithium Corp.
- 1177 West Hastings Street
- Suite 2310
- British Columbia
- V6E 2K3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ML||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Nov 2006|
|A3N2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2006|
|MLNL.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2006|
|0V6V||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Nov 2006|
Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds 100% interest in the Pastos Grandes Lithium Project located in Salta Prov...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 00:05|
|End of Day Share Price||2020/11/27 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.