TSXV:ML

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Millennial Lithium

Executive Summary

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

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.


Market Performance


7 Day Return

4.6%

ML

-2.4%

CA Metals and Mining

2.6%

CA Market


1 Year Return

166.1%

ML

36.5%

CA Metals and Mining

0.5%

CA Market

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.


Shareholder returns

MLIndustryMarket
7 Day4.6%-2.4%2.6%
30 Day104.1%-2.8%13.3%
90 Day114.4%-12.3%6.0%
1 Year166.1%166.1%37.6%36.5%4.2%0.5%
3 Year-26.4%-26.4%42.9%39.8%13.0%2.0%
5 Year2,192.3%2,192.3%131.9%124.9%49.8%26.8%

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

Valuation

Is Millennial Lithium undervalued compared to its fair value and its price relative to the market?

3.32x

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).


Next Steps

Future Growth

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

27.5%

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.


Next Steps

Past Performance

How has Millennial Lithium performed over the past 5 years?

-5.5%

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.


Next Steps

Financial Health

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.


Balance Sheet


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.


Next Steps

Dividend

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.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Farhad Abasov (48 yo)

3.5yrs

Tenure

CA$1,623,721

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Farhad Abasov
President3.5yrsCA$1.62m1.14%
CA$ 2.7m
Max Missiouk
Chief Financial Officer3yrsCA$355.09kno data
Iain Scarr
VP of Exploration & Development and COO3.75yrsCA$520.71k0.79%
CA$ 1.9m
Peter MacLean
Senior Vice President of Technical Services3.5yrsCA$413.09kno data
Brian Morrison
Corporate Secretaryno dataCA$857.00k0%
CA$ 0

3.5yrs

Average Tenure

48yo

Average Age

Experienced Management: ML's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Farhad Abasov
President3.5yrsCA$1.62m1.14%
CA$ 2.7m
Graham Harris
Chairman11.75yrsCA$1.28m1.76%
CA$ 4.2m
Richard Lacroix
Independent Director3.5yrsCA$56.13k0.14%
CA$ 345.6k
Kyle Stevenson
Director4.33yrsCA$110.42k3.69%
CA$ 8.9m
John Scott
Independent Director2.17yrsCA$20.42k0.012%
CA$ 28.8k
Man Chung Yeung
Director3yrsno datano data
Vijay Mehta
Member of Technical Advisory Board4.17yrsno datano data
Ramiro Guerrero
Director of Proyecto Pastos Grandesno dataCA$144.16kno data

3.5yrs

Average Tenure

50yo

Average Age

Experienced Board: ML's board of directors are considered experienced (3.5 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Millennial Lithium Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Millennial Lithium Corp.
  • 1177 West Hastings Street
  • Suite 2310
  • Vancouver
  • British Columbia
  • V6E 2K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2006
A3N2DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2006
MLNL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2006
0V6VLSE (London Stock Exchange)YesCommon SharesGBCADNov 2006

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 00:05
End of Day Share Price2020/11/27 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.