How does E2E1's PB Ratio compare to its peers?

E2E1 is expensive based on its Price-To-Book Ratio (2.8x) compared to the peer average (1x).

How does E2E1's PB Ratio compare vs other companies in the European Metals and Mining Industry?

E2E1 is expensive based on its Price-To-Book Ratio (2.8x) compared to the European Metals and Mining industry average (1.1x).

What is E2E1'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.

Insufficient data to calculate E2E1's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of E2E1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

E2E1 (€2.44) is trading below our estimate of [[fair value]] (€46.52)

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

Insufficient data to show price forecast.

E2E1 Stock Overview

Engages in the exploration and development of base metal projects in Canada and Chile. More details

E2E1 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 94.8% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue ($0)

Shares are highly illiquid

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

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Marimaca Copper Corp. Competitors

Aurubis

XTRA:NDA

€3.4b

Eisen- und Hüttenwerke

DB:EIS

€211.2m

Uzin Utz

XTRA:UZU

€242.1m

SIMONA

DB:SIM0

€345.0m

Price History & Performance

Summary of share price highs, lows and changes for Marimaca Copper
Historical stock prices
Current Share Price	CA$2.44
52 Week High	CA$2.84
52 Week Low	CA$1.94
Beta	1.11
1 Month Change	0%
3 Month Change	0.83%
1 Year Change	-3.94%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-3.94%

Recent updates

Shareholder Returns

	E2E1	DE Metals and Mining	DE Market
7D	0%	-5.1%	-2.6%
1Y	-3.9%	-22.3%	7.1%

Return vs Industry: E2E1 exceeded the German Metals and Mining industry which returned -28.4% over the past year.

Return vs Market: E2E1 underperformed the German Market which returned 4.3% over the past year.

Price Volatility

Is E2E1's price volatile compared to industry and market?
E2E1 volatility
E2E1 Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	11.9%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: E2E1 has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine E2E1's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2004	23	Hayden Locke	marimaca.com

Marimaca Copper Corp. engages in the exploration and development of base metal projects in Canada and Chile. The company explores for copper, gold, and other mineral deposits. Its flagship project is the 100% owned Marimaca Copper project covering an area of approximately 66,000 hectares located in Antofagasta, Chile.

Marimaca Copper Corp. Fundamentals Summary

How do Marimaca Copper's earnings and revenue compare to its market cap?
E2E1 fundamental statistics
Market cap	€240.76m
Earnings (TTM)	-€7.87m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-30.6x

P/E Ratio

Is E2E1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
E2E1 income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$8.58m
Earnings	-US$8.58m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.091
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did E2E1 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/07/15 00:01
End of Day Share Price	2024/04/17 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Marimaca Copper Corp. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Curran	Beacon Securities Limited
Alexander Robert Pearce	BMO Capital Markets Equity Research
Dalton Baretto	Canaccord Genuity

E2E1 Stock Overview

Rewards

Risk Analysis

Marimaca Copper Corp. Competitors

XTRA:NDA

€3.4b

DB:EIS

€211.2m

XTRA:UZU

€242.1m

DB:SIM0

€345.0m

Price History & Performance

Recent News & Updates

Marimaca Extends Shallow Oxide Potential at Mercedes Satellite Target

Marimaca Copper Corp. Announces Further Results from Channel Sampling Completed at the Mercedes Satellite Target

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited

Marimaca Copper Corp. announced that it expects to receive CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. Announce Results from Channel Sampling Completed At the Mercedes Target, Located Approximately 400M-1,000M North of the Marimaca Oxide Deposit

Recent updates

Marimaca Extends Shallow Oxide Potential at Mercedes Satellite Target

Marimaca Copper Corp. Announces Further Results from Channel Sampling Completed at the Mercedes Satellite Target

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited

Marimaca Copper Corp. announced that it expects to receive CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. Announce Results from Channel Sampling Completed At the Mercedes Target, Located Approximately 400M-1,000M North of the Marimaca Oxide Deposit

Marimaca Copper Corp. has filed a Follow-on Equity Offering in the amount of CAD 20 million.

Marimaca Copper Corp. has filed a Follow-on Equity Offering in the amount of CAD 20 million.

Insufficient new directors

New major risk - Financial position

Marimaca Copper Corp. Provides Project Development and Exploration Update

New major risk - Financial position

Marimaca Copper Corp., Annual General Meeting, May 23, 2024

Marimaca Copper Corp. Announces 2024 Regional Exploration Strategy - Sierra De Medina

Marimaca Copper Corp. Appoints Solange González as General Counsel and Corporate Secretary

Marimaca Copper Corp. Announces Laura Rich Stepping Down as the Company's General Counsel, Company Secretary and Chief Sustainability Officer

Marimaca Copper Corp. Announces Completion of the Infrastructure Condemnation Drilling Program

Marimaca Copper Corp. Announces Results from Phase 6 Metallurgical Program

Marimaca Copper Corp. Appoints Giancarlo Bruno Lagomarsino as Non-Executive Director

Marimaca Copper Corp. Announces Results from Eastern MOD Diamond Exploration Drilling

New minor risk - Shareholder dilution

Marimaca Copper Corp. announced that it has received CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. announced that it expects to receive CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. announced that it expects to receive CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. Announces Updated Mineral Resource Estimate for the Marimaca Oxide Deposit

Marimaca Copper Corp. Announces Appointment of José Antonio Merino as Managing Director, Chile

Marimaca Copper Corp. Announces the Results of Assays for Gold and Silver from Hole MAD-22 and to Outline the First Phase of Follow-Up Drilling of the Exciting New Sulphide Target

Marimaca Copper Corp. Announces Final Diamond Drilling Results from the 2022 Geological and Geotechnical Drilling Campaign

Marimaca Copper Corp. Announces the Final Reverse Circulation Drill Results from the 2022 Infill Drilling Campaign

Marimaca Copper Corp. Reports Primary Sulphide Intercept of 92M At 2.11% Cut from 140M, Including 22M At 5.27% Cut from 204M, Within 240M of 1.01% Cut from Surface Combined Oxides and Sulphides

Marimaca Reports Further Positive Higher-Grade Results from Northern MOD Infill Drilling

Marimaca Copper Corp. Files Technical Report on Update Mineral Resource Estimation

Marimaca Copper Corp. Announces Further Results from 2022 Infill and Extensional Drilling Campaign at Marimaca Oxide Deposit

Marimaca Copper Corp Announces an Updated Mineral Resource Estimate for the Marimaca Oxide Deposit Located in the Antofagasta Region of Northern Chile

Marimaca Copper Corp. Announces Infill Drilling Results Further Confirming Consistency of Mineralization At the Mod

Marimaca Copper Corp. Provides Progress Update at the Marimaca Copper Project

Marimaca Copper Corp Announces Results from the 2022 Infill and Extensional Drilling Campaign

Marimaca Announces Positive Final Results from the Phase 5 Metallurgical Program At the Marimaca Oxide Deposit

Marimaca Copper Corp. Announces Positive Infill Drilling Continues At the Marimaca Oxide Deposit

Marimaca Copper Corp Announces Results from the First Five Reverse Circulation Drill Holes

Marimaca Copper Corp. Continues to Encounter Higher Grades and Extend Mineralized Envelope At the Marimaca Oxide Deposit

Marimaca Copper Corp. Identifies New Targets for District Exploration

Marimaca Copper Corp. Announces Infill Drilling Extends Copper Oxide Mineralization At the Marimaca Oxide Deposit

5Q SpA entered into a binding agreement to acquire Ivan SX-EW Processing Plant and associated mining claims from Marimaca Copper Corp. (TSX:MARI) for $17 million.

Marimaca Copper Corp. Announces That the Company's 22,500m Infill Drilling Campaign At the Marimaca Oxide Deposit Has Commenced

Marimaca Copper Corp. Announces Exploration Targets for Depth Extensions of the MOD and Near-Pit Oxide Satellites

Marimaca Reports Positive Metallurgical Results from Variability Testing Program

High number of new directors

Marimaca Copper Corp. Makes New Shallow Oxide Copper Discovery At Mercedes