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MULT

Multiverse Mining and ExplorationNGSE:MULTIVERSE Stock Report

Market Cap

₦852.4m

7D

0%

1Y

0%

Updated

16 Oct, 2021

Data

Company Financials
MULTIVERSE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MULTIVERSE Overview

Multiverse Mining and Exploration Plc engages in the exploration, extraction, prospecting, boring, refining, drilling, production, and quarry mining of stones, rocks, and other solid minerals in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Multiverse Mining and Exploration
Historical stock prices
Current Share Price₦0.20
52 Week High₦0.20
52 Week Low₦0.26
Beta0.20
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change0%
5 Year Change-60.00%
Change since IPO-90.34%

Recent News & Updates

Shareholder Returns

MULTIVERSENG Metals and MiningNG Market
7D0%6.4%1.6%
1Y0%1.0%40.1%

Return vs Industry: MULTIVERSE matched the NG Metals and Mining industry which returned 1% over the past year.

Return vs Market: MULTIVERSE underperformed the NG Market which returned 40.1% over the past year.

Price Volatility

Is MULTIVERSE's price volatile compared to industry and market?
MULTIVERSE volatility
MULTIVERSE Beta0.20
Industry Beta1.16
Market Beta1

Stable Share Price: MULTIVERSE is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MULTIVERSE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20027Ayedun Fasinahttps://www.multiverseplc.com

Multiverse Mining and Exploration Plc engages in the exploration, extraction, prospecting, boring, refining, drilling, production, and quarry mining of stones, rocks, and other solid minerals in Nigeria. It explores for lead, zinc, gold, tin, tantalite, copper, silver, barite, columbite, and tourmaline. The company operates granite quarrying operations in Oloparun and Alaguntan sites located in Abeokuta, Ogun State, as well as solid mineral mining operations located in Azara and Abuni sites in Nassarawa State.

Multiverse Mining and Exploration Fundamentals Summary

How do Multiverse Mining and Exploration's earnings and revenue compare to its market cap?
MULTIVERSE fundamental statistics
Market Cap₦852.39m
Earnings (TTM)-₦170.70m
Revenue (TTM)₦94.62m

9.0x

P/S Ratio

-5.0x

P/E Ratio

Is MULTIVERSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MULTIVERSE income statement (TTM)
Revenue₦94.62m
Cost of Revenue₦3.15m
Gross Profit₦91.46m
Expenses₦262.16m
Earnings-₦170.70m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.04
Gross Margin96.67%
Net Profit Margin-180.41%
Debt/Equity Ratio948.0%

How did MULTIVERSE perform over the long term?

See historical performance and comparison

Valuation

Is Multiverse Mining and Exploration undervalued compared to its fair value and its price relative to the market?

2.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MULTIVERSE (NGN0.2) is trading above our estimate of fair value (NGN0.15)

Significantly Below Fair Value: MULTIVERSE is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: MULTIVERSE is unprofitable, so we can't compare its PE Ratio to the NG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MULTIVERSE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MULTIVERSE is overvalued based on its PB Ratio (2.5x) compared to the XF Metals and Mining industry average (1.5x).


Future Growth

How is Multiverse Mining and Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-7.0%

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 Multiverse Mining and Exploration 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.


Past Performance

How has Multiverse Mining and Exploration performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MULTIVERSE is currently unprofitable.

Growing Profit Margin: MULTIVERSE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MULTIVERSE is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% per year.

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

Earnings vs Industry: MULTIVERSE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (212.9%).


Return on Equity

High ROE: MULTIVERSE has a negative Return on Equity (-50.15%), as it is currently unprofitable.


Financial Health

How is Multiverse Mining and Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: MULTIVERSE's short term assets (NGN14.2M) do not cover its short term liabilities (NGN3.4B).

Long Term Liabilities: MULTIVERSE's short term assets (NGN14.2M) do not cover its long term liabilities (NGN566.1M).


Debt to Equity History and Analysis

Debt Level: MULTIVERSE's debt to equity ratio (948%) is considered high.

Reducing Debt: MULTIVERSE's debt to equity ratio has increased from 181.6% to 948% 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: Whilst unprofitable MULTIVERSE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MULTIVERSE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.4% per year.


Dividend

What is Multiverse Mining and Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MULTIVERSE'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 MULTIVERSE's dividend in 3 years as they are not forecast to pay a notable one for the NG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.0yrs

Average management tenure


CEO

Ayedun Fasina

16.42yrs

Tenure

Mr. Ayedun Fasina, FCA, has been the Chief Executive officer and Managing Director of Multiverse Mining and Exploration Plc (Former Name: Multiverse Plc) since May 2005. Mr. Fasina serves as Executive Dire...


Leadership Team

Experienced Management: MULTIVERSE's management team is seasoned and experienced (13 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

Multiverse Mining and Exploration Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Multiverse Mining and Exploration Plc
  • Ticker: MULTIVERSE
  • Exchange: NGSE
  • Founded: 2002
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: ₦852.388m
  • Shares outstanding: 4.26b
  • Website: https://www.multiverseplc.com

Number of Employees


Location

  • Multiverse Mining and Exploration Plc
  • 195A Corporation Drive
  • Dolphin Estate
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 15:21
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.