BST:2J1A

Stock Analysis Report

Executive Summary

Minnova Corp. acquires and explores for mineral properties.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2J1A's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

26.7%

2J1A

14.8%

DE Metals and Mining

7.1%

DE Market


1 Year Return

-67.6%

2J1A

-51.9%

DE Metals and Mining

-17.5%

DE Market

Return vs Industry: 2J1A underperformed the German Metals and Mining industry which returned -51.9% over the past year.

Return vs Market: 2J1A underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

2J1AIndustryMarket
7 Day26.7%14.8%7.1%
30 Day-23.0%-37.7%-20.0%
90 Day26.7%-51.1%-26.1%
1 Year-67.6%-67.6%-51.5%-51.9%-15.0%-17.5%
3 Year-93.6%-93.6%-69.7%-70.7%-18.8%-25.8%
5 Year-83.4%-83.4%-69.6%-71.1%-17.9%-29.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2J1A's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2J1A's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2J1A is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: 2J1A is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2J1A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2J1A is good value based on its PB Ratio (0.2x) compared to the DE Metals and Mining industry average (2x).


Next Steps

Future Growth

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

10.5%

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 Minnova 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 Minnova performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2J1A is currently unprofitable.

Growing Profit Margin: 2J1A is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2J1A is unprofitable, but has reduced losses over the past 5 years at a rate of 15.2% per year.

Accelerating Growth: Unable to compare 2J1A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2J1A is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: 2J1A has a negative Return on Equity (-2.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Minnova's financial position?


Financial Position Analysis

Short Term Liabilities: 2J1A's short term assets (CA$121.0K) do not cover its short term liabilities (CA$1.9M).

Long Term Liabilities: 2J1A's short term assets (CA$121.0K) do not cover its long term liabilities (CA$3.1M).


Debt to Equity History and Analysis

Debt Level: 2J1A is debt free.

Reducing Debt: 2J1A has no debt compared to 5 years ago when its debt to equity ratio was 18.4%.


Balance Sheet

Inventory Level: 2J1A has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 2J1A'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: 2J1A has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 2J1A has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2J1A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2J1A'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 2J1A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2J1A'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 2J1A's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

10.4yrs

Average board tenure


CEO

Gord Glenn (54yo)

7.67s

Tenure

CA$252,000

Compensation

Mr. Gorden Glenn, also known as Gord, serves as President, Chief Executive Officer and Director of Minnova Corp. since May 2012. Mr. Glenn serves as the Chairman of the Board, President and Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Gord's total compensation ($USD179.06K) is below average for companies of similar size in the German market ($USD432.27K).

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


Board Members

NamePositionTenureCompensationOwnership
Gorden Glenn
Chairman7.67yrsCA$252.00k7.49% CA$125.9k
Christopher Irwin
Interim CFO11.17yrsCA$12.00k0.20% CA$3.3k
Brian Robertson
Independent Director10.42yrsCA$12.00k0.95% CA$16.0k
James White
Independent Director9.92yrsCA$12.00k3.42% CA$57.5k

10.4yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 2J1A's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 2J1A 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 diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Minnova Corp.
  • Ticker: 2J1A
  • Exchange: BST
  • Founded: 1994
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$2.625m
  • Listing Market Cap: CA$1.682m
  • Shares outstanding: 32.81m
  • Website: https://www.minnovacorp.ca

Location

  • Minnova Corp.
  • 217 Queen Street West
  • Suite 401
  • Toronto
  • Ontario
  • M5V 0R2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCITSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2010
AGRD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2010
2J1ABST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2010

Biography

Minnova Corp. acquires and explores for mineral properties. It holds interests in the PL Gold mine, Nokomis property, and La Esperanza Property in Peru. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 23:13
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.