TSXV:SMR

Stock Analysis Report

Executive Summary

Shine Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SMR

3.7%

CA Metals and Mining

3.0%

CA Market


1 Year Return

-54.5%

SMR

-8.2%

CA Metals and Mining

-24.5%

CA Market

Return vs Industry: SMR underperformed the Canadian Metals and Mining industry which returned -12.9% over the past year.

Return vs Market: SMR underperformed the Canadian Market which returned -23.3% over the past year.


Shareholder returns

SMRIndustryMarket
7 Day0%3.7%3.0%
30 Dayn/a-12.5%-21.2%
90 Day0%-13.1%-24.4%
1 Year-54.5%-54.5%-7.6%-8.2%-22.0%-24.5%
3 Year-66.7%-66.7%-17.2%-18.7%-13.9%-21.9%
5 Year-95.2%-95.2%9.0%5.9%-2.0%-16.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SMR is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

12.8%

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 Shine Minerals 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 Shine Minerals performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMR is currently unprofitable.

Growing Profit Margin: SMR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMR is unprofitable, but has reduced losses over the past 5 years at a rate of 18.9% per year.

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

Earnings vs Industry: SMR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).


Return on Equity

High ROE: SMR has a negative Return on Equity (-38.81%), as it is currently unprofitable.


Next Steps

Financial Health

How is Shine Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: SMR's short term assets (CA$55.2K) do not cover its short term liabilities (CA$681.1K).

Long Term Liabilities: SMR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SMR's debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SMR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SMR's debt is covered by short term assets (assets are 1.4x debt).


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: SMR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SMR has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.3% each year.


Next Steps

Dividend

What is Shine Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.8yrs

Average board tenure


CEO

Dev Randhawa (57yo)

no data

Tenure

CA$180,000

Compensation

Mr. Devinder Randhawa, also known as Dev, MBA, has been the Chairman of the Board and Chief Executive Officer of Fission Uranium Corp. since April 26, 2013 and also has been its Executive Director since Fe ...


CEO Compensation Analysis

Compensation vs Market: Dev's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD158.02K).

Compensation vs Earnings: Dev's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Devinder Randhawa
Chairman & CEOno dataCA$180.00k19.15% CA$181.6k
Ross McElroy
Chief Geologist & Director1.83yrsCA$28.00k3.37% CA$32.0k
Ronald Netolitzky
Member of Executive Advisory Board9.5yrsno datano data
Michael Halvorson
Member of Executive Advisory Board9.5yrsno datano data
Sai Chang
Independent Director1.42yrsno datano data
Jamie Bannerman
Director0.50yrno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: SMR's board of directors are not considered experienced ( 1.8 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: SMR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 103.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Shine Minerals Corp.
  • Ticker: SMR
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$948.466k
  • Shares outstanding: 37.94m
  • Website: https://www.shineminerals.ca

Location

  • Shine Minerals Corp.
  • 700-1620 Dickson Avenue
  • Kelowna
  • British Columbia
  • V1Y 9Y2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PAUF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2010
SMRTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2010

Biography

Shine Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties. Its primary asset is the Watts Lake zinc project that covers an area of 13,248 hectares located north-east of the town of La Ronge, Saskatchewan. The company was formerly known as Ironside Resources Inc. and changed its name to Shine Minerals Corp. in November 2018. Shine Minerals Corp. was founded in 2010 and is headquartered in Kelowna, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 08:14
End of Day Share Price2020/03/26 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.