DB:A3N2

Stock Analysis Report

Millennial Lithium

Executive Summary

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: A3N2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

A3N2

-8.1%

DE Metals and Mining

-0.2%

DE Market


1 Year Return

-14.6%

A3N2

-21.4%

DE Metals and Mining

13.7%

DE Market

Return vs Industry: A3N2 exceeded the German Metals and Mining industry which returned -21.4% over the past year.

Return vs Market: A3N2 underperformed the German Market which returned 13.7% over the past year.


Shareholder returns

A3N2IndustryMarket
7 Day-4.8%-8.1%-0.2%
30 Day-9.8%-12.0%0.3%
90 Day29.0%-11.7%3.7%
1 Year-14.6%-14.6%-20.6%-21.4%17.2%13.7%
3 Year-15.5%-15.5%-49.6%-51.0%15.4%5.3%
5 Year368.6%368.6%-45.5%-48.3%21.3%4.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate A3N2's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate A3N2's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: A3N2 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: A3N2 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 A3N2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A3N2 is good value based on its PB Ratio (1.5x) compared to the DE Metals and Mining industry average (4.1x).


Next Steps

Future Growth

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

10.8%

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 Millennial Lithium 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 Millennial Lithium performed over the past 5 years?

-21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A3N2 is currently unprofitable.

Growing Profit Margin: A3N2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: A3N2 is unprofitable, and losses have increased over the past 5 years at a rate of -21.8% per year.

Accelerating Growth: Unable to compare A3N2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A3N2 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.6%).


Return on Equity

High ROE: A3N2 has a negative Return on Equity (-6.7%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Millennial Lithium's financial position?


Financial Position Analysis

Short Term Liabilities: A3N2's short term assets (CA$23.6M) exceed its short term liabilities (CA$487.6K).

Long Term Liabilities: A3N2's short term assets (CA$23.6M) exceed its long term liabilities (CA$211.3K).


Debt to Equity History and Analysis

Debt Level: A3N2 is debt free.

Reducing Debt: A3N2 had no debt 5 years ago.


Balance Sheet

Inventory Level: A3N2 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if A3N2'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: A3N2 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: A3N2 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -45.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate A3N2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate A3N2'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 A3N2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A3N2'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 A3N2'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?

2.8yrs

Average management tenure


CEO

Farhad Abasov (47yo)

2.8yrs

Tenure

CA$1,623,721

Compensation

Mr. Farhad Abasov, B.A., MBA, serves as Senior Advisor of Ubequity Capital Partners Inc. Mr. Abasov has been Chief Executive Officer at Millennial Lithium Corp. since May 8, 2017. He has over 15 years of b ...


CEO Compensation Analysis

Compensation vs Market: Farhad's total compensation ($USD1.22M) is above average for companies of similar size in the German market ($USD412.50K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Farhad Abasov
President2.8yrsCA$1.62m0.35% CA$279.9k
Max Missiouk
Chief Financial Officer2.3yrsCA$355.09kno data
Iain Scarr
VP of Exploration & Development and COO3yrsCA$520.71k0.78% CA$626.7k
Peter MacLean
Senior Vice President of Technical Services2.8yrsCA$413.09kno data
Brian Morrison
Corporate Secretary0yrsCA$857.00kno data

2.8yrs

Average Tenure

47yo

Average Age

Experienced Management: A3N2's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Farhad Abasov
President2.8yrsCA$1.62m0.35% CA$279.9k
Graham Harris
Chairman11yrsCA$1.28m3.5% CA$2.8m
George Binninger
Member of Technical Advisory Board3.4yrsno datano data
Richard Lacroix
Independent Director2.8yrsCA$56.13k0.024% CA$19.3k
Kyle Stevenson
Director3.6yrsCA$110.42k3.69% CA$3.0m
John Scott
Independent Director1.4yrsCA$20.42k0.012% CA$9.6k
Man Chung Yeung
Director2.3yrsno datano data
Vijay Mehta
Member of Technical Advisory Board3.4yrsno datano data
Ramiro Guerrero
Director of Proyecto Pastos Grandes0yrsCA$144.16kno data

3.1yrs

Average Tenure

51yo

Average Age

Experienced Board: A3N2's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: A3N2 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 5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Millennial Lithium Corp.
  • Ticker: A3N2
  • Exchange: DB
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$114.894m
  • Listing Market Cap: CA$80.277m
  • Shares outstanding: 83.26m
  • Website: https://www.millenniallithium.com

Number of Employees


Location

  • Millennial Lithium Corp.
  • 1177 West Hastings Street
  • Suite 2310
  • Vancouver
  • British Columbia
  • V6E 2K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2006
A3N2DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2006
MLNL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2006
0V6VLSE (London Stock Exchange)YesCommon SharesGBCADNov 2006

Biography

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds 100% interest in the Pastos Grandes Lithium Project located in Salta Province, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp. in June 2016. Millennial Lithium Corp. was incorporated in 2005 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 Analysis2020/02/20 21:49
End of Day Share Price2020/02/20 00:00
Earnings2019/11/30
Annual Earnings2019/02/28


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.