OTCPK:MJHI

Stock Analysis Report

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Executive Summary

MJ Harvest, Inc., a development stage company, owns and manages various gas and oil producing leases in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has MJ Harvest's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-25.0%

MJHI

2.7%

US Oil and Gas

2.4%

US Market


1 Year Return

-88.0%

MJHI

-31.6%

US Oil and Gas

9.2%

US Market

Return vs Industry: MJHI underperformed the US Oil and Gas industry which returned -31.6% over the past year.

Return vs Market: MJHI underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

MJHIIndustryMarket
7 Day-25.0%2.7%2.4%
30 Day0%7.7%10.2%
90 Day-50.0%-6.9%3.4%
1 Year-88.0%-88.0%-28.4%-31.6%11.6%9.2%
3 Yearn/a-28.9%-36.1%33.7%24.9%
5 Yearn/a-38.3%-47.6%59.7%41.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is MJ Harvest undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether MJ Harvest is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MJ Harvest has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MJHI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MJ Harvest regulatory filings and announcements here.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

51.0%

Forecasted Energy 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 MJ Harvest 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

  • Take a look at our analysis of MJHI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access MJ Harvest's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has MJ Harvest performed over the past 5 years?

-33.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MJHI is currently unprofitable.

Growing Profit Margin: MJHI is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: MJHI is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: MJHI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is MJ Harvest's financial position?


Financial Position Analysis

Short Term Liabilities: MJHI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MJHI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MJHI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MJHI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: MJHI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MJHI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.1% each year


Next Steps

Dividend

What is MJ Harvest's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.4yrs

Average management tenure


CEO

Patrick Bilton (58yo)

2.42yrs

Tenure

US$200,000

Compensation

Mr. Patrick Bilton has been Chief Executive Officer at MJ Harvest, Inc. since January 01, 2018 and has been its Secretary and Director since November 03, 2017. Mr. Bilton has been a Project Manager and Mai ...


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Bilton
CEO, Secretary & Director2.42yrsUS$200.00k10.05% $1.3m
Jerry Cornwell
President & Director8.75yrsno data16.21% $2.1m
Brad Herr
CFO & Chief Accounting Officer2.25yrsUS$157.50k1.02% $132.0k

2.4yrs

Average Tenure

65yo

Average Age

Experienced Management: MJHI's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Bilton
CEO, Secretary & Director2.42yrsUS$200.00k10.05% $1.3m
Jerry Cornwell
President & Director8.75yrsno data16.21% $2.1m
David Tobias
Independent Director2.58yrsno data28.73% $3.7m

2.6yrs

Average Tenure

68yo

Average Age

Experienced Board: MJHI's board of directors are not considered experienced ( 2.6 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 been diluted in the past year, with total shares outstanding growing by 14.6%.


Top Shareholders

Company Information

MJ Harvest, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MJ Harvest, Inc.
  • Ticker: MJHI
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$12.896m
  • Shares outstanding: 21.49m
  • Website: https://mjharvestinc.com

Number of Employees


Location

  • MJ Harvest, Inc.
  • 9205 West Russell Road
  • Suite 240
  • Las Vegas
  • Nevada
  • 89139
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MJHIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2004

Biography

MJ Harvest, Inc., a development stage company, owns and manages various gas and oil producing leases in the United States. Its lease portfolio in Texas includes the White Point Development Company lease comprising 437.50 acres located northeast across the Nueces bay from Corpus Christi; Guerra Lease, Starr County; and Gerdes Lease, San Patricio County. The company was formerly known as EM Energy, Inc. and changed its name to MJ Harvest, Inc. in October 2018. MJ Harvest, Inc. was incorporated in 2002 and is based in Las Vegas, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 02:54
End of Day Share Price2020/06/03 00:00
Earnings2020/02/29
Annual Earnings2019/05/31


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.