DB:OMZA

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Euromax Resources

Executive Summary

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

52.0%

OMZA

8.5%

DE Metals and Mining

4.4%

DE Market


1 Year Return

-48.6%

OMZA

-28.0%

DE Metals and Mining

4.4%

DE Market

Return vs Industry: OMZA underperformed the German Metals and Mining industry which returned -28% over the past year.

Return vs Market: OMZA underperformed the German Market which returned 4.4% over the past year.


Shareholder returns

OMZAIndustryMarket
7 Day52.0%8.5%4.4%
30 Day100.0%19.2%12.1%
90 Day280.0%2.5%5.4%
1 Year-48.6%-48.6%-27.5%-28.0%6.1%4.4%
3 Year-94.6%-94.6%-58.7%-60.0%-0.6%-8.2%
5 Year-93.2%-93.2%-57.0%-59.2%10.4%-3.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OMZA is good value based on its PB Ratio (1.6x) compared to the DE Metals and Mining industry average (4.2x).


Next Steps

Future Growth

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

16.1%

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 Euromax Resources 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 Euromax Resources performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OMZA is currently unprofitable.

Growing Profit Margin: OMZA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OMZA is unprofitable, but has reduced losses over the past 5 years at a rate of 17.9% per year.

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

Earnings vs Industry: OMZA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.7%).


Return on Equity

High ROE: OMZA has a negative Return on Equity (-78.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Euromax Resources's financial position?


Financial Position Analysis

Short Term Liabilities: OMZA's short term assets (CA$6.6M) do not cover its short term liabilities (CA$38.4M).

Long Term Liabilities: OMZA's short term assets (CA$6.6M) exceed its long term liabilities (CA$118.0K).


Debt to Equity History and Analysis

Debt Level: OMZA's debt to equity ratio (254%) is considered high.

Reducing Debt: OMZA's debt to equity ratio has increased from 1.1% to 254% over the past 5 years.


Balance Sheet


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: OMZA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if OMZA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate OMZA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OMZA's dividends per share have been stable in the past.

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

2.6yrs

Average management tenure


CEO

Varshan Gokool

2.58yrs

Tenure

CA$284,700

Compensation

Mr. Varshan Baboolal Gokool has been Chief Financial Officer and Executive Director of Euromax Resources Ltd. since May 22, 2012. Mr. Gokool served as Treasurer and Vice President of Eldorado Gold (BC) Cor ...


CEO Compensation Analysis

Compensation vs Market: Varshan's total compensation ($USD210.55K) is below average for companies of similar size in the German market ($USD417.41K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Varshan Gokool
President2.58yrsCA$284.70k0.30% CA$25.9k
Nikola Gulev
Chief Financial Officer2.58yrsCA$107.44kno data
Patrick Forward
Chief Operating Officer7.58yrsCA$284.70k0.27% CA$23.1k
Alan Baker
Vice President of Project & Construction Manager4.83yrsCA$336.09kno data
Martina Kostovska
Communications Managerno datano datano data
Nicolas Treand
Executive Director1.17yrsno datano data

2.6yrs

Average Tenure

Experienced Management: OMZA's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Varshan Gokool
President2.58yrsCA$284.70k0.30% CA$25.9k
Nicolas Treand
Executive Director1.17yrsno datano data
Roger Moss
Member of Technical Advisory Board9.58yrsno datano data
Martyn Konig
Independent Non-Executive Director8.08yrsCA$242.92k0.94% CA$81.4k
Timothy Morgan-Wynne
Independent Non-Executive Chairman1.58yrsCA$81.02k0.33% CA$29.0k
Gregory Hall
Member of the Advisory Board11.83yrsno datano data
James Burke
Independent Non-Executive Director2yrsCA$17.00kno data
Ivan Vutov
Non-Executive Director1yrno datano data

5.0yrs

Average Tenure

61yo

Average Age

Experienced Board: OMZA's board of directors are considered experienced (5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Euromax Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Euromax Resources Ltd.
  • Ticker: OMZA
  • Exchange: DB
  • Founded: 1990
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$13.277m
  • Listing Market Cap: CA$8.668m
  • Shares outstanding: 331.93m
  • Website: https://www.euromaxresources.com

Number of Employees


Location

  • Euromax Resources Ltd.
  • Boulevard Partizanski
  • Odredi No 14
  • Skopje
  • 1000
  • Macedonia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOXTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1991
OMZADB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1991
EOXF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1991

Biography

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. The company primarily explores for copper and gold deposits. Its flagship project is its 100% owned Ilovica-Shtuka gold-copper project located in South East Macedonia. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was founded in 1990 and is based in Skopje, Macedonia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 20:40
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.