TSXV:MNO

Stock Analysis Report

Executive Summary

Meridian Mining S.E., together with its subsidiaries, engages in the acquisition, exploration, development, and mining activities in Brazil.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MNO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MNO

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-31.3%

MNO

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: MNO underperformed the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: MNO underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

MNOIndustryMarket
7 Day0%-6.0%-6.2%
30 Day-31.3%-1.0%-5.0%
90 Dayn/a4.9%-2.8%
1 Year-31.3%-31.3%2.9%2.2%1.1%-2.0%
3 Year-92.1%-92.1%-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Meridian Mining is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Meridian Mining has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MNO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Meridian Mining regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.0%

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 Meridian Mining 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 Meridian Mining performed over the past 5 years?

-4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNO is currently unprofitable.

Growing Profit Margin: MNO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNO is unprofitable, and losses have increased over the past 5 years at a rate of -4.4% per year.

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

Earnings vs Industry: MNO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: MNO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Meridian Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MNO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MNO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MNO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MNO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: MNO has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: MNO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MNO has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.7yrs

Average board tenure


CEO

Gilbert Clark (49yo)

1.7yrs

Tenure

Mr. Gilbert Percy Clark, B.Sc. (Geology) serves as Interim Chief Executive Officer and President of Meridian Mining S.E. He served as Interim President and Chief Executive Officer of Meridian Mining S.E. s ...


Board Members

NamePositionTenureCompensationOwnership
Gilbert Clark
President1.7yrsno datano data
Charles Riopel
Independent Non-Executive Chairman0.3yrsUS$40.53kno data
Peter Weidmann
Independent Director6.2yrsno datano data

1.7yrs

Average Tenure

49yo

Average Age

Experienced Board: MNO's board of directors are not considered experienced ( 1.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Meridian Mining S.E.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meridian Mining S.E.
  • Ticker: MNO
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$9.010m
  • Shares outstanding: 163.82m
  • Website: https://www.meridianmining.co

Location

  • Meridian Mining S.E.
  • 65 Gresham Street
  • 6th Floor
  • London
  • Greater London
  • EC2V 7NQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNOTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2016
2MMDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2016
MRRD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2016

Biography

Meridian Mining S.E., together with its subsidiaries, engages in the acquisition, exploration, development, and mining activities in Brazil. The company explores for manganese, gold, and tin deposits. Its flagship project is the Espigão manganese project located in Rondônia. The company was formerly known as Ferrometals Holdings Coöperatief U.A. Meridian Mining S.E. was founded in 2013 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:21
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.