TSXV:XIM

Stock Analysis Report

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Executive Summary

Ximen Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia, Canada.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: XIM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.1%

XIM

0.5%

CA Metals and Mining

0.9%

CA Market


1 Year Return

27.8%

XIM

31.7%

CA Metals and Mining

-11.4%

CA Market

Return vs Industry: XIM underperformed the Canadian Metals and Mining industry which returned 33.4% over the past year.

Return vs Market: XIM exceeded the Canadian Market which returned -11.3% over the past year.


Shareholder returns

XIMIndustryMarket
7 Day13.1%0.5%0.9%
30 Day130.0%-0.2%4.5%
90 Day66.3%20.4%-9.3%
1 Year27.8%27.8%32.7%31.7%-8.4%-11.4%
3 Year245.0%245.0%14.6%12.6%0.4%-8.9%
5 Year130.0%130.0%55.9%51.5%16.9%-0.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

48.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: XIM is overvalued based on its PB Ratio (48.1x) compared to the CA Metals and Mining industry average (1.7x).


Next Steps

Future Growth

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

24.3%

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 Ximen 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 Ximen Mining performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XIM is currently unprofitable.

Growing Profit Margin: XIM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XIM is unprofitable, and losses have increased over the past 5 years at a rate of -1% per year.

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

Earnings vs Industry: XIM 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: XIM has a negative Return on Equity (-836.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ximen Mining's financial position?


Financial Position Analysis

Short Term Liabilities: XIM's short term assets (CA$976.1K) do not cover its short term liabilities (CA$1.5M).

Long Term Liabilities: XIM's short term assets (CA$976.1K) exceed its long term liabilities (CA$490.0K).


Debt to Equity History and Analysis

Debt Level: XIM is debt free.

Reducing Debt: XIM currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: XIM has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: XIM is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.0yrs

Average management tenure


CEO

Chris Anderson

6.5yrs

Tenure

CA$300,264

Compensation

Mr. Christopher Ross Anderson, also known as Chris, is Chief Executive Officer of Great Atlantic Resources Corp since December 4, 2013 and its President since November 27, 2013. Mr. Anderson has been the C ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD164.79K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Anderson
President6.5yrsCA$300.26k7.47% CA$2.9m
Nicolette Keith
Chief Financial Officer2.08yrsno data0.012% CA$4.8k
Shervin Teymouri
Consultant & Advisor1.83yrsCA$8.46kno data
Allan Beaton
Active Member of Technical Team & Advisorno datano datano data
Mathew Ball
Vice President of Exploration1.33yrsno datano data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Management: XIM's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christopher Anderson
President6.5yrsCA$300.26k7.47% CA$2.9m
Shervin Teymouri
Consultant & Advisor1.83yrsCA$8.46kno data
Allan Beaton
Active Member of Technical Team & Advisorno datano datano data
Shaun Dykes
2.17yrsno datano data
Roy Davis
Independent Director3.17yrsCA$8.46kno data
Mohan Vulimiri
no datano datano data
Scott Kent
Independent Director5.17yrsCA$9.46k0.071% CA$27.6k
Wesley Warthe-Anderson
Director3.33yrsCA$8.46k0.87% CA$338.8k
Alex McPherson
no datano datano data
Peter Cooper
2.42yrsno datano data

3.2yrs

Average Tenure

69yo

Average Age

Experienced Board: XIM's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: XIM 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 66.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Ximen Mining Corp.
  • Ticker: XIM
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$38.740m
  • Shares outstanding: 56.15m
  • Website: https://www.ximenminingcorp.com

Location

  • Ximen Mining Corp.
  • 888 Dunsmuir Street
  • Suite 888
  • Vancouver
  • British Columbia
  • V6C 3K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XIMTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2007
XXMM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2007
1XMADB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2007

Biography

Ximen Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia, Canada. It primarily explores for gold, silver, lead, and zinc deposits. The company primary asset is the Brett Gold Project in located in the British Columbia. The company was formerly known as Elm Tree Minerals Inc. and changed its name to Ximen Mining Corp. in September 2013. Ximen Mining Corp. was founded in 2006 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 04:02
End of Day Share Price2020/06/01 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.