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TBX

Turmalina Metals TSXV:TBX Stock Report

Last Price

CA$0.34

Market Cap

CA$23.1m

7D

-15.9%

1Y

-57.9%

Updated

06 Aug, 2022

Data

Company Financials +
TBX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

TBX Stock Overview

Turmalina Metals Corp. engages in the acquisition, exploration, and evaluation of mineral resource properties in South America.

Turmalina Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Turmalina Metals
Historical stock prices
Current Share PriceCA$0.34
52 Week HighCA$0.84
52 Week LowCA$0.27
Beta2.35
1 Month Change15.00%
3 Month Change-9.21%
1 Year Change-57.93%
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.24%

Recent News & Updates

Aug 01
We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth

We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

TBXCA Metals and MiningCA Market
7D-15.9%0.4%-0.8%
1Y-57.9%-18.3%-2.0%

Return vs Industry: TBX underperformed the Canadian Metals and Mining industry which returned -18.3% over the past year.

Return vs Market: TBX underperformed the Canadian Market which returned -1.9% over the past year.

Price Volatility

Is TBX's price volatile compared to industry and market?
TBX volatility
TBX Average Weekly Movement15.7%
Metals and Mining Industry Average Movement11.8%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: TBX is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: TBX's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2017n/aJames Rogershttps://turmalinametals.com

Turmalina Metals Corp. engages in the acquisition, exploration, and evaluation of mineral resource properties in South America. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the San Francisco project covering 34,651 hectares located in San Juan Province, Argentina.

Turmalina Metals Fundamentals Summary

How do Turmalina Metals's earnings and revenue compare to its market cap?
TBX fundamental statistics
Market CapCA$23.08m
Earnings (TTM)-CA$4.64m
Revenue (TTM)n/a

0.0x

P/S Ratio

-5.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBX income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$4.64m
Earnings-CA$4.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.069
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did TBX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TBX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TBX?

Other financial metrics that can be useful for relative valuation.

TBX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-3.6x
PEG Ration/a

Price to Book Ratio vs Peers

How does TBX's PB Ratio compare to its peers?

TBX PB Ratio vs Peers
The above table shows the PB ratio for TBX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average8.4x
BMET BeMetals
0.7xn/aCA$23.1m
PE Pure Energy Minerals
0.7xn/aCA$23.1m
JZR Jazz Resources
7.9xn/aCA$23.2m
ALCU Alpha Copper
2.6xn/aCA$23.2m
TBX Turmalina Metals
5.7xn/aCA$23.1m

Price-To-Book vs Peers: TBX is good value based on its Price-To-Book Ratio (5.7x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does TBX's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: TBX is expensive based on its Price-To-Book Ratio (5.7x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

What is TBX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TBX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TBX's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TBX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TBX (CA$0.35) is trading below our estimate of fair value (CA$24.6)

Significantly Below Fair Value: TBX is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Turmalina Metals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Materials industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TBX's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if TBX's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if TBX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TBX's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if TBX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TBX's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Turmalina Metals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-27.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TBX is currently unprofitable.

Growing Profit Margin: TBX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TBX is unprofitable, and losses have increased over the past 5 years at a rate of 27.1% per year.

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

Earnings vs Industry: TBX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).


Return on Equity

High ROE: TBX has a negative Return on Equity (-113.96%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Turmalina Metals's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TBX's short term assets (CA$2.5M) exceed its short term liabilities (CA$125.7K).

Long Term Liabilities: TBX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TBX is debt free.

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


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

Forecast Cash Runway: TBX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.6% each year


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Dividend

What is Turmalina Metals's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TBX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TBX has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

James Rogers (33 yo)

0.083

Tenure

Mr. James Rogers serves as Chief Executive Officer at Turmalina Metals Corp. since July 20, 2022 and has been its Director since July 2022. He served as a Director at Jazz Resources Inc. since December 16,...


Leadership Team

Experienced Management: TBX's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: TBX's board of directors are not considered experienced ( 1.6 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: TBX insiders have bought more shares than they have sold 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

Turmalina Metals Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Turmalina Metals Corp.
  • Ticker: TBX
  • Exchange: TSXV
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$23.080m
  • Shares outstanding: 66.90m
  • Website: https://turmalinametals.com

Location

  • Turmalina Metals Corp.
  • 850 West Hastings Street
  • Suite 400
  • Vancouver
  • British Columbia
  • V6C 1E1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.