TSXV:PA

Stock Analysis Report

Executive Summary

Palamina Corp., through its subsidiary Palamina S.A.

Risk Analysis

Earnings have declined by -39.27% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$8M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.3%

PA

-0.9%

CA Metals and Mining

-0.08%

CA Market


1 Year Return

-34.3%

PA

21.9%

CA Metals and Mining

10.8%

CA Market

Return vs Industry: PA underperformed the Canadian Metals and Mining industry which returned 21.9% over the past year.

Return vs Market: PA underperformed the Canadian Market which returned 10.8% over the past year.


Shareholder returns

PAIndustryMarket
7 Day7.3%-0.9%-0.08%
30 Day10.0%2.5%0.01%
90 Day-4.3%-1.2%1.2%
1 Year-34.3%-34.3%22.9%21.9%14.4%10.8%
3 Year46.7%46.7%4.6%2.7%15.0%4.6%
5 Yearn/a40.1%35.8%40.1%19.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PA is overvalued based on its PB Ratio (20.9x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

17.2%

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 Palamina 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 Palamina performed over the past 5 years?

-39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PA is currently unprofitable.

Growing Profit Margin: PA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PA is unprofitable, and losses have increased over the past 5 years at a rate of -39.3% per year.

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

Earnings vs Industry: PA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (4.1%).


Return on Equity

High ROE: PA has a negative Return on Equity (-464.42%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Palamina's financial position?


Financial Position Analysis

Short Term Liabilities: PA's short term assets (CA$151.8K) do not cover its short term liabilities (CA$325.3K).

Long Term Liabilities: PA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PA is debt free.

Reducing Debt: PA has not had any debt for past 5 years.


Balance Sheet

Inventory Level: PA has a low level of unsold assets or inventory.

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

Forecast Cash Runway: PA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -32.7% each year


Next Steps

Dividend

What is Palamina'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 PA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

Growing Dividend: Insufficient data to determine if PA'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 PA's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Palamina's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average board tenure


CEO

Andrew Thomson (53yo)

0yrs

Tenure

CA$196,875

Compensation

Mr. Andrew Willard Thomson serves as the Chief Executive Officer and President of Palamina Corp. Mr. Thomson has been a Director of Helio Resource Corporation since October 24, 2019. Mr. Thomson was Chief  ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD148.83K) is about average for companies of similar size in the Canadian market ($USD136.07K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

3.9yrs

Average Tenure

54yo

Average Age

Experienced Board: PA's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: PA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$53503 Dec 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,500
Max PriceCA$0.22
BuyCA$1,95419 Nov 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares9,200
Max PriceCA$0.23
BuyCA$6,86313 Nov 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares34,500
Max PriceCA$0.21
BuyCA$1,12007 Nov 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.23
BuyCA$2,75528 Oct 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares13,800
Max PriceCA$0.21
BuyCA$36025 Oct 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares1,500
Max PriceCA$0.24
BuyCA$77022 Oct 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares3,500
Max PriceCA$0.22
BuyCA$1,69625 Sep 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares7,000
Max PriceCA$0.25
BuyCA$43218 Sep 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares1,800
Max PriceCA$0.24
BuyCA$5,92016 Sep 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares25,000
Max PriceCA$0.24
BuyCA$5,67209 Sep 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares22,200
Max PriceCA$0.27
BuyCA$81220 Aug 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares3,500
Max PriceCA$0.23
BuyCA$2,04015 Aug 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares8,500
Max PriceCA$0.24
BuyCA$1,92009 Aug 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares8,000
Max PriceCA$0.24
BuyCA$3,43006 Aug 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares14,500
Max PriceCA$0.25
BuyCA$1,86226 Jul 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares8,000
Max PriceCA$0.24
BuyCA$2,55219 Jul 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$0.26
BuyCA$4,59627 Jun 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares15,500
Max PriceCA$0.32
BuyCA$1,29307 Jun 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,500
Max PriceCA$0.23
SellCA$24003 May 19
Hugh Agro
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$0.24
BuyCA$2,38502 May 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares11,000
Max PriceCA$0.22
BuyCA$1,03022 Apr 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares4,500
Max PriceCA$0.24
BuyCA$3,20717 Apr 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares13,000
Max PriceCA$0.25
BuyCA$52011 Apr 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$0.26
BuyCA$1,02008 Apr 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares4,000
Max PriceCA$0.26
BuyCA$58007 Apr 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$0.29
BuyCA$1,40020 Mar 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.28
BuyCA$4,84508 Mar 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares18,000
Max PriceCA$0.27
BuyCA$27506 Mar 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceCA$0.28
BuyCA$7,00004 Mar 19
Darin Wagner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares23,333
Max PriceCA$0.30
BuyCA$12,80001 Mar 19
Hugh Agro
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares40,000
Max PriceCA$0.32
BuyCA$6,40001 Mar 19
Alistair Waddell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceCA$0.32
BuyCA$22,40001 Mar 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares70,000
Max PriceCA$0.32
SellCA$59,98325 Feb 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares196,667
Max PriceCA$0.30
BuyCA$2,86821 Feb 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$0.30
BuyCA$4,59006 Feb 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares17,000
Max PriceCA$0.27
BuyCA$9,58501 Feb 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares35,500
Max PriceCA$0.27
BuyCA$62029 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$0.31
BuyCA$77529 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,500
Max PriceCA$0.31
BuyCA$1,55028 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.31
BuyCA$1,74522 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,500
Max PriceCA$0.33
BuyCA$13,00016 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares100,000
Max PriceCA$0.13
BuyCA$2,10008 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares6,500
Max PriceCA$0.33
BuyCA$1,14302 Jan 19
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceCA$0.39
BuyCA$1,09017 Dec 18
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceCA$0.38
BuyCA$90014 Dec 18
Andrew Thomson
EntityIndividual
Role
Chief Executive Officer
President
Shares2,500
Max PriceCA$0.36

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25%.


Management Team

  • Brian Jennings (55yo)

    CFO & Secretary

    • Tenure: 0yrs
    • Compensation: CA$65.00k
  • Andrew Thomson (53yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$196.88k
  • Steve Priesmeyer (62yo)

    Consultant

    • Tenure: 2.1yrs
  • Yury Valdivieso

    Geologist

    • Tenure: 2.1yrs

Board Members

  • Darin Wagner (54yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: CA$17.50k
  • Douglas Reeson (69yo)

    Member of Advisory Board

    • Tenure: 4yrs
  • Alistair Waddell (45yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: CA$14.50k
  • Phil Walford (73yo)

    Member of Advisory Board

    • Tenure: 4yrs
  • Andrew Thomson (53yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$196.88k
  • Jose Vizquerra-Benavides (38yo)

    Member of Advisory Board

    • Tenure: 2.1yrs
    • Compensation: CA$9.96k
  • Hugh Agro (54yo)

    Independent Director

    • Tenure: 3.1yrs
    • Compensation: CA$16.50k

Company Information

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


Key Information

  • Name: Palamina Corp.
  • Ticker: PA
  • Exchange: TSXV
  • Founded: 2015
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$7.970m
  • Shares outstanding: 36.23m
  • Website: https://www.palamina.com

Location

  • Palamina Corp.
  • 145 King Street West
  • Suite 2870
  • Toronto
  • Ontario
  • M5H 1J8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PATSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2015
PLMN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2015

Biography

Palamina Corp., through its subsidiary Palamina S.A. de C.V., focuses on the exploration of mineral deposits in Mexico, Canada, and Peru. The company explores for gold, lead, zinc, and silver deposits. It  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 00:26
End of Day Share Price2019/12/09 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.