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Millennial Lithium

DB:A3N2
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A3N2
DB
CA$146M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. The last earnings update was 80 days ago. More info.


Add to Portfolio Compare Print
  • Millennial Lithium has significant price volatility in the past 3 months.
A3N2 Share Price and Events
7 Day Returns
15.8%
DB:A3N2
6.3%
DE Metals and Mining
2.4%
DE Market
1 Year Returns
-26.3%
DB:A3N2
-36.4%
DE Metals and Mining
-6.2%
DE Market
A3N2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Millennial Lithium (A3N2) 15.8% 4% 28.9% -26.3% 2272% 177.1%
DE Metals and Mining 6.3% 4.7% -7.5% -36.4% -24.8% -21.8%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • A3N2 outperformed the Metals and Mining industry which returned -36.4% over the past year.
  • A3N2 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
A3N2
Industry
5yr Volatility vs Market

A3N2 Value

 Is Millennial Lithium undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Millennial Lithium. This is due to cash flow or dividend data being unavailable. The share price is €1.186.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Millennial Lithium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Millennial Lithium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A3N2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-0.20
TSXV:ML Share Price ** TSXV (2019-04-18) in CAD CA$1.75
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 15.2x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Millennial Lithium.

DB:A3N2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ML Share Price ÷ EPS (both in CAD)

= 1.75 ÷ -0.20

-8.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Millennial Lithium is loss making, we can't compare its value to the DE Metals and Mining industry average.
  • Millennial Lithium is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Millennial Lithium's expected growth come at a high price?
Raw Data
DB:A3N2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 61 Publicly-Listed Metals and Mining Companies 0.64x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Millennial Lithium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Millennial Lithium's assets?
Raw Data
DB:A3N2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.99
TSXV:ML Share Price * TSXV (2019-04-18) in CAD CA$1.75
Germany Metals and Mining Industry PB Ratio Median Figure of 8 Publicly-Listed Metals and Mining Companies 2.1x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:A3N2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ML Share Price ÷ Book Value per Share (both in CAD)

= 1.75 ÷ 0.99

1.77x

* Primary Listing of Millennial Lithium.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Millennial Lithium is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Millennial Lithium's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Millennial Lithium has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

A3N2 Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.5%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Millennial Lithium expected to grow at an attractive rate?
  • Unable to compare Millennial Lithium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Millennial Lithium's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Millennial Lithium's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:A3N2 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 31.5%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:A3N2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A3N2 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 -9 -16
2018-08-31 -9 -26
2018-05-31 -9 -28
2018-02-28 -8 -22
2017-11-30 -6 -20
2017-08-31 -6 -12
2017-05-31 -6 -12
2017-02-28 -4 -10
2016-11-30 -3 -7
2016-08-31 -1 -4
2016-05-31 -1 -1
2016-02-29 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Millennial Lithium is high growth as no earnings estimate data is available.
  • Unable to determine if Millennial Lithium is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:A3N2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Millennial Lithium Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A3N2 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -0.20
2018-08-31 -0.36
2018-05-31 -0.44
2018-02-28 -0.41
2017-11-30 -0.45
2017-08-31 -0.32
2017-05-31 -0.41
2017-02-28 -0.45
2016-11-30 -0.41
2016-08-31 -0.36
2016-05-31 -0.11
2016-02-29 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Millennial Lithium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Millennial Lithium's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Millennial Lithium's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Millennial Lithium's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Millennial Lithium's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Millennial Lithium has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

A3N2 Past Performance

  How has Millennial Lithium performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Millennial Lithium's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Millennial Lithium does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Millennial Lithium's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Millennial Lithium's 1-year growth to the DE Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Millennial Lithium's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Millennial Lithium Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A3N2 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -15.89 7.03
2018-08-31 -26.19 7.58
2018-05-31 -27.65 8.20
2018-02-28 -21.99 7.85
2017-11-30 -19.64 6.82
2017-08-31 -11.80 6.01
2017-05-31 -12.30 4.64
2017-02-28 -9.98 3.31
2016-11-30 -6.68 1.95
2016-08-31 -4.21 0.99
2016-05-31 -1.09 0.69
2016-02-29 -1.94 0.86
2015-11-30 -3.73 1.06
2015-08-31 -3.59 1.15
2015-05-31 -6.97 1.26
2015-02-28 -6.18 1.23
2014-11-30 -3.85 1.18
2014-08-31 -5.52 1.07
2014-05-31 -2.94 1.00
2014-02-28 -3.12 0.98
2013-11-30 -4.38 0.96
2013-08-31 -2.32 1.05
2013-05-31 -1.85 1.14
2013-02-28 -2.03 1.27
2012-11-30 1.10 1.17
2012-08-31 1.46 1.16
2012-05-31 1.31 1.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Millennial Lithium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Millennial Lithium has efficiently used its assets last year compared to the DE Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Millennial Lithium improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Millennial Lithium's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Millennial Lithium has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

A3N2 Health

 How is Millennial Lithium's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Millennial Lithium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Millennial Lithium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Millennial Lithium has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Millennial Lithium's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Millennial Lithium has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Millennial Lithium Company Filings, last reported 4 months ago.

DB:A3N2 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 81.72 0.00 48.76
2018-08-31 81.82 0.00 57.31
2018-05-31 82.78 0.00 62.65
2018-02-28 54.70 0.00 36.19
2017-11-30 55.03 0.00 42.52
2017-08-31 11.50 2.00 4.93
2017-05-31 13.29 0.00 5.99
2017-02-28 7.53 0.00 3.24
2016-11-30 7.86 0.00 3.67
2016-08-31 4.35 0.00 2.32
2016-05-31 1.59 0.00 0.47
2016-02-29 1.70 0.00 0.61
2015-11-30 1.93 0.00 0.74
2015-08-31 2.34 0.00 0.72
2015-05-31 2.57 0.00 0.96
2015-02-28 3.63 0.00 1.18
2014-11-30 4.93 0.00 1.25
2014-08-31 6.58 0.00 2.68
2014-05-31 10.00 0.00 3.35
2014-02-28 10.64 0.00 2.26
2013-11-30 7.89 0.00 3.94
2013-08-31 7.98 0.00 3.89
2013-05-31 9.14 0.00 4.44
2013-02-28 11.58 0.00 5.74
2012-11-30 13.04 0.00 6.56
2012-08-31 13.24 0.00 6.94
2012-05-31 12.33 0.00 7.67
  • Millennial Lithium has no debt.
  • Millennial Lithium had no debt 5 years ago.
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.

  • Millennial Lithium has sufficient cash runway for 1.8 years based on current free cash flow.
  • Millennial Lithium has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 85.4% each year.
X
Financial health checks
We assess Millennial Lithium's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Millennial Lithium has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

A3N2 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Millennial Lithium dividends.
If you bought €2,000 of Millennial Lithium shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Millennial Lithium's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Millennial Lithium's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:A3N2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Millennial Lithium has not reported any payouts.
  • Unable to verify if Millennial Lithium's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Millennial Lithium's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Millennial Lithium has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Millennial Lithium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Millennial Lithium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Millennial Lithium has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

A3N2 Management

 What is the CEO of Millennial Lithium's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Farhad Abasov
COMPENSATION CA$4,965,575
AGE 46
TENURE AS CEO 1.9 years
CEO Bio

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 business management and entrepreneurial experience. He has a wealth of experience in the uranium industry where he served as Senior Manager with Atomic Energy of Canada, responsible for business development in Asia. He held various senior executive positions and directorships with leading domestic and international resource, energy and finance companies. Mr. Abasov served as the Chief Executive Officer and President of Allana Potash Corp. (Also known as Allana Resources Inc.) from October 1, 2008 to 2017. He served as Vice President of Strategic Communications at Uranium One Investments, Inc. He served as Vice President of Strategic Communications at Energy Metals Corporation. He served as Senior Vice President at Potash One. Prior to that, he served as Vice President of Portfolio Management and Vertical Integration for Uranium One Inc. Mr. Abasov was a Member of Energy Metals management team. He has been the Chairman at Automotive Finco Corp. (formerly known as Augyva Mining Resources Inc.) since August 25, 2016 and as its Independent Director since August 29, 2011. He served as Executive Chairman of Routemaster Capital Inc. from April 28, 2010 to February 18, 2016. He served as an Executive Chairman of Rodinia Lithium Inc from April 28, 2010 to February 18, 2016. He served as the Chairman of Celeste Mining Corp. from September 09, 2011 to February 6, 2013. He has been a Director of Allana Potash Corp. since October 1, 2008. He has been a Director at Millennial Lithium Corp. since May 8, 2017. He has been a Director of Celeste Mining Corp (alternate name: Celeste Copper Corporation) since September 9, 2011. He served as a Director of Wolfpack Gold Corp. from June 29, 2010 to May 15, 2013. He served as a Director of Tigris Uranium Corp. (alternate name: Dauntless Capital Corp.) from June 29, 2010. He served as a Director of enCore Energy Corp. from June 29, 2010 to May 15, 2013. He served as Director of Rodinia Lithium Inc from April 28, 2010 to February 18, 2016. Mr. Abasov has an MBA in International Business and Finance from the International University of Japan.

CEO Compensation
  • Insufficient data for Farhad to compare compensation growth.
  • Farhad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Millennial Lithium management team in years:

1.9
Average Tenure
46
Average Age
  • The average tenure for the Millennial Lithium management team is less than 2 years, this suggests a new team.
Management Team

Farhad Abasov

TITLE
President
COMPENSATION
CA$5M
AGE
46
TENURE
1.9 yrs

Max Missiouk

TITLE
Chief Financial Officer
COMPENSATION
CA$890K
TENURE
1.4 yrs

Iain Scarr

TITLE
VP of Exploration & Development and COO
COMPENSATION
CA$998K
TENURE
2.2 yrs

Peter MacLean

TITLE
Senior Vice President of Technical Services
COMPENSATION
CA$1M
AGE
56
TENURE
1.9 yrs

Brian Morrison

TITLE
Consultant
COMPENSATION
CA$857K
AGE
36
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Millennial Lithium board of directors in years:

2.3
Average Tenure
50
Average Age
  • The average tenure for the Millennial Lithium board of directors is less than 3 years, this suggests a new board.
Board of Directors

Graham Harris

TITLE
Chairman
COMPENSATION
CA$3M
AGE
56
TENURE
10.2 yrs

Farhad Abasov

TITLE
President
COMPENSATION
CA$5M
AGE
46
TENURE
1.9 yrs

Kyle Stevenson

TITLE
Director
COMPENSATION
CA$1M
AGE
43
TENURE
2.9 yrs

Vijay Mehta

TITLE
Member of Technical Advisory Board
TENURE
2.6 yrs

Ben Binninger

TITLE
Member of Technical Advisory Board
AGE
69
TENURE
2.6 yrs

Richard Lacroix

TITLE
Director
COMPENSATION
CA$774K
TENURE
1.9 yrs

Charles Yeung

TITLE
Director
AGE
50
TENURE
1.4 yrs

Jack Scott

TITLE
Director
TENURE
0.6 yrs

Ramiro Guerrero

TITLE
Director of Proyecto Pastos Grandes
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Millennial Lithium insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Sell Kyle Stevenson Individual 22. Mar 19 22. Mar 19 -2,600 €1.09 €-2,833
06. Mar 19 Sell Kyle Stevenson Individual 01. Mar 19 06. Mar 19 -16,300 €1.19 €-19,116
20. Feb 19 Buy John Scott Individual 19. Feb 19 19. Feb 19 6,250 €1.16 €7,240
11. Feb 19 Buy Kyle Stevenson Individual 08. Feb 19 08. Feb 19 19,800 €1.05 €20,488
06. Feb 19 Buy Kyle Stevenson Individual 05. Feb 19 06. Feb 19 5,600 €1.11 €6,220
04. Feb 19 Buy Kyle Stevenson Individual 04. Feb 19 04. Feb 19 2,500 €1.15 €2,882
22. Jan 19 Buy Richard Lacroix Individual 22. Jan 19 22. Jan 19 10,000 €1.25 €12,416
19. Dec 18 Buy Farhad Abasov Individual 18. Dec 18 18. Dec 18 13,500 €0.84 €11,288
18. Dec 18 Buy Farhad Abasov Individual 17. Dec 18 17. Dec 18 1,100 €0.89 €978
07. Dec 18 Buy Richard Lacroix Individual 06. Dec 18 06. Dec 18 10,000 €0.96 €9,621
24. Oct 18 Buy Graham Harris Individual 24. Oct 18 24. Oct 18 7,500 €1.04 €7,774
27. Apr 18 Buy Kyle Stevenson Individual 25. Apr 18 25. Apr 18 2,900 €1.40 €4,069
X
Management checks
We assess Millennial Lithium's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Millennial Lithium has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

A3N2 News

Simply Wall St News

A3N2 Company Info

Description

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.

Details
Name: Millennial Lithium Corp.
A3N2
Exchange: DB
Founded: 2005
CA$96,727,029
83,234,600
Website: http://www.millenniallithium.com
Address: Millennial Lithium Corp.
1177 West Hastings Street,
Suite 2000,
Vancouver,
British Columbia, V6E 2K3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ML Common Shares TSX Venture Exchange CA CAD 24. Nov 2006
OTCPK MLNL.F Common Shares Pink Sheets LLC US USD 24. Nov 2006
DB A3N2 Common Shares Deutsche Boerse AG DE EUR 24. Nov 2006
LSE 0V6V Common Shares London Stock Exchange GB CAD 24. Nov 2006
Number of employees
Current staff
Staff numbers
7
Millennial Lithium employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:19
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/01/29
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.