Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties.
+ 2 more risks
Adequate balance sheet and overvalued.
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.
7 Day Return
DE Metals and Mining
1 Year Return
DE Metals and Mining
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.
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
Is Millennial Lithium undervalued compared to its fair value and its price relative to the market?
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).
How is Millennial Lithium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
- Millennial Lithium competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Millennial Lithium performed over the past 5 years?
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
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Farhad Abasov (47yo)
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.
|Chief Financial Officer||2.3yrs||CA$355.09k||no data|
|VP of Exploration & Development and COO||3yrs||CA$520.71k||0.78% CA$626.7k|
|Senior Vice President of Technical Services||2.8yrs||CA$413.09k||no data|
|Corporate Secretary||0yrs||CA$857.00k||no data|
Experienced Management: A3N2's management team is considered experienced (2.8 years average tenure).
|Member of Technical Advisory Board||3.4yrs||no data||no data|
|Independent Director||2.8yrs||CA$56.13k||0.024% CA$19.3k|
|Independent Director||1.4yrs||CA$20.42k||0.012% CA$9.6k|
|Director||2.3yrs||no data||no data|
|Member of Technical Advisory Board||3.4yrs||no data||no data|
|Director of Proyecto Pastos Grandes||0yrs||CA$144.16k||no data|
Experienced Board: A3N2's board of directors are considered experienced (3.1 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.
Millennial Lithium Corp.'s company bio, employee growth, exchange listings and data sources
- 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
- Millennial Lithium Corp.
- 1177 West Hastings Street
- Suite 2310
- British Columbia
- V6E 2K3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ML||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Nov 2006|
|A3N2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2006|
|MLNL.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2006|
|0V6V||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Nov 2006|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 21:49|
|End of Day Share Price||2020/02/20 00:00|
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.