NasdaqCM:MUDS

Stock Analysis Report

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Executive Summary

Mudrick Capital Acquisition Corporation does not have significant operations.

Risk Analysis

No risks detected for MUDS from our risk checks.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Mudrick Capital Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MUDS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.8%

MUDS

4.1%

US Capital Markets

2.0%

US Market


1 Year Return

4.2%

MUDS

3.7%

US Capital Markets

7.1%

US Market

Return vs Industry: MUDS matched the US Capital Markets industry which returned 3.7% over the past year.

Return vs Market: MUDS underperformed the US Market which returned 7.1% over the past year.


Shareholder returns

MUDSIndustryMarket
7 Day1.8%4.1%2.0%
30 Day2.2%5.1%6.0%
90 Day1.5%-3.3%-0.05%
1 Year4.2%4.2%5.8%3.7%9.5%7.1%
3 Yearn/a28.2%20.7%30.7%22.1%
5 Yearn/a50.4%36.2%55.6%38.0%

Price Volatility Vs. Market

How volatile is Mudrick Capital Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mudrick Capital Acquisition undervalued compared to its fair value and its price relative to the market?

25.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MUDS ($10.54) is trading above our estimate of fair value ($1.86)

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


Price To Earnings Ratio

PE vs Industry: MUDS is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MUDS is overvalued based on its PB Ratio (25.5x) compared to the US Capital Markets industry average (7.5x).


Next Steps

Future Growth

How is Mudrick Capital Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.1%

Forecasted Diversified Financials 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 Mudrick Capital Acquisition 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 Mudrick Capital Acquisition performed over the past 5 years?

-129.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MUDS is currently unprofitable.

Growing Profit Margin: MUDS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MUDS's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: MUDS is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.6%).


Return on Equity

High ROE: MUDS has a negative Return on Equity (-14.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mudrick Capital Acquisition's financial position?


Financial Position Analysis

Short Term Liabilities: MUDS's short term assets ($67.0K) do not cover its short term liabilities ($3.3M).

Long Term Liabilities: MUDS's short term assets ($67.0K) do not cover its long term liabilities ($63.5M).


Debt to Equity History and Analysis

Debt Level: MUDS's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MUDS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MUDS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MUDS's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Mudrick Capital Acquisition's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Jason Mudrick (44yo)

2.67yrs

Tenure

Mr. Jason Ben Mudrick is the Chief Investment Officer at Mudrick Capital Management, LP. Mr. Mudrick founded the firm in 2009. He has been Chief Executive Officer and Director of Mudrick Capital Acquisitio ...


Board Members

NamePositionTenureCompensationOwnership
Jason Mudrick
CEO, Secretary & Director2.67yrsno datano data
David Kirsch
VP & Director2.25yrsno datano data
Dennis Stogsdill
Independent Director2.25yrsno datano data
Brian Kushner
Independent Director2.25yrsno datano data
Timothy Daileader
Independent Director2.25yrsno datano data

2.3yrs

Average Tenure

48yo

Average Age

Experienced Board: MUDS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Mudrick Capital Acquisition Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mudrick Capital Acquisition Corporation
  • Ticker: MUDS
  • Exchange: NasdaqCM
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$127.623m
  • Shares outstanding: 12.11m
  • Website: https://null

Location

  • Mudrick Capital Acquisition Corporation
  • 527 Madison Avenue
  • 6th Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUDS.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDFeb 2018
MUDSNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDMar 2018

Biography

Mudrick Capital Acquisition Corporation does not have significant operations. It intends to identify, source, negotiate, and execute a business combination through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2017 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 04:56
End of Day Share Price2020/05/27 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.