Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Meridian Mining. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Meridian Mining's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Meridian Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Meridian Mining's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Meridian Mining's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Meridian Mining is high growth as no earnings estimate data is available.
Unable to determine if Meridian Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Meridian Mining's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Gilbert Percy Clark, B.Sc. (Geology) has been Interim President and Chief Executive Officer of Meridian Mining S.E. since June 2018 and also serves as its Director. Mr. Clark served as a Senior Investment Advisor of Sentient Group Limited. Mr. Clark has served as a Partner of Sentient Equity Partners since 2017. Mr. Clark served as Managing Director of European Mining Services, Private Mining Consultancy since 2003 until 2014. Mr. Clark was a Consultant Geologist of The Sentient Group since 2010 until 2013. Since 2010, he was involved in private equity investments and appraisals primarily in the mining and energy sectors. He started his career in the Eastern Gold Fields of Western Australia, where he served for several Junior and Mid-Tier gold companies as a production geologist. Since moving to Europe he has managed the development of European natural resource projects, as well as appraising mining investments across the globe. He is a Private Mining & Mining Finance Consultant since January 2017. Mr. Clark has been an Independent Director of North American Nickel Inc. since May 22, 2012. He served as a Senior Investment Advisor and Director of Sentient Asset Management Canada from September 2013 to 2016. He served as an Independent Director of Mawson Resources Ltd. from January 17, 2014 to September 13, 2016. Mr. Clark is a Geologist with 15 years of operational, managerial and directorial experience in the natural resource sector. He holds a B.Sc in Geology.
Insufficient data for Gilbert to compare compensation growth.
Insufficient data for Gilbert to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Chief Financial Officer
Board of Directors Tenure
Average tenure of the
board of directors in years:
The average tenure for the Meridian Mining board of directors is less than 3 years, this suggests a new board.
Who Are Meridian Mining SE.'s (CVE:MNO) Major Shareholders?
This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This is a positive sign for potential investors as these firms play an important role in aligning company policy with shareholder returns. … Private Company Ownership Another important group of owners for potential investors in MNO are private companies that hold a stake of 0.013% in MNO.
Meridian Mining SE. (CVE:MNO): Should The Recent Earnings Drop Worry You?
See our latest analysis for Meridian Mining Was MNO's recent earnings decline worse than the long-term trend and the industry? … For Meridian Mining, its latest earnings (trailing twelve month) is -US$13.83M, which compared to the prior year's level, has become more negative. … Scanning growth from a sector-level, the Canadian metals and mining industry has been growing its average earnings by double-digit 32.10% in the past twelve months, and 16.65% over the last five years.
What You Must Know About Meridian Mining SE.'s (CVE:MNO) Financial Strength
Over the past year, MNO has ramped up its debt from US$1.17M to US$8.10M – this includes both the current and long-term debt. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: MNO’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
What Does Meridian Mining SE.'s (CVE:MNO) Ownership Structure Look Like?
View our latest analysis for Meridian Mining TSXV:MNO Ownership_summary Mar 1st 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Private Equity Ownership Private equity firms hold a 87.53% stake in MNO. … Private Company Ownership Another group of owners that a potential investor in MNO should consider are private companies, with a stake of 0.013%.
Was Meridian Mining SE's (CVE:MNO) Earnings Decline A Part Of Broader Industry Downturn?
I also compare against an industry benchmark to check whether Meridian Mining's performance has been impacted by industry movements. … This suggests that any uplift the industry is enjoying, Meridian Mining has not been able to reap as much as its average peer.What does this mean? … Meridian Mining's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.
What Investors Should Know About Meridian Mining SE's (CVE:MNO) Financial Strength
MNO has built up its total debt levels in the last twelve months, from $1.2M to $8.1M , which is made up of current and long term debt. … With this rise in debt, MNO's cash and short-term investments stands at $4.2M for investing into the business. … MNO's high debt levels on top of low cash coverage of debt in addition to low liquidity coverage of short-term commitments may not be what you're after in an investment.
TSXV Basic Materials Industry: A Deep Dive Into Meridian Mining SE (TSXV:MNO)
Meridian Mining SE (TSXV:MNO), a CADCA$113.04M small-cap, operates in the basic materials industry which supplies materials for construction. … If your initial investment thesis is around the growth prospects of MNO, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.
Meridian Mining S.E., together with its subsidiaries, engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigão manganese and gold projects covering approximately 140,000 hectares; and Bom Futuro JV and Ariquemes tin projects, as well as adjacent areas in the state of 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.
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