Metalore Resources Limited, a junior resource company, engages in the exploration and development of precious metals and hydrocarbons in Canada.
The last earnings update was 6 days ago.
More info.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Metalore Resources. This is due to cash flow or dividend data being
unavailable. The share price is
$1.23.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Metalore Resources's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
Metalore Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Metalore 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
it right!
8.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Metalore Resources
expected to grow at an
attractive
rate?
Unable to compare Metalore Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Metalore Resources's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Metalore Resources's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Metalore Resources is high growth as no earnings estimate data is available.
Unable to determine if Metalore Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
All data from Metalore Resources Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
OTCPK:MTLR.F Past Financials Data
Date (Data in CAD Millions)
EPS *
2018-12-31
0.22
2018-09-30
0.19
2018-06-30
0.17
2018-03-31
0.15
2017-12-31
-1.59
2017-09-30
-1.57
2017-06-30
-1.55
2017-03-31
-1.50
2016-12-31
0.00
2016-09-30
-0.02
2016-06-30
-0.01
2016-03-31
-0.01
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
Unable to establish if Metalore Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next steps:
Examine whether Metalore Resources is trading at Metalore Resources'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
Metalore Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors.
Take a look at other high-growth Energy companies here
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 Metalore Resources's filings and announcements here.
We assess
Metalore Resources's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making
in the relevant year.
Metalore Resources
has a total score of
0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Metalore Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
Metalore Resources's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
Metalore Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
Metalore Resources has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
Metalore Resources's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
All data from Metalore Resources Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
OTCPK:MTLR.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2018-12-31
0.71
0.39
0.11
2018-09-30
0.69
0.33
0.11
2018-06-30
0.68
0.31
0.12
2018-03-31
0.70
0.27
0.19
2017-12-31
0.73
-2.83
0.26
2017-09-30
0.70
-2.79
0.29
2017-06-30
0.66
-2.75
0.27
2017-03-31
0.65
-2.66
0.21
2016-12-31
0.59
0.01
0.17
2016-09-30
0.53
-0.03
0.14
2016-06-30
0.60
-0.02
0.15
2016-03-31
0.59
-0.02
0.14
2015-12-31
0.80
-0.43
0.14
2015-09-30
0.89
-0.38
0.14
2015-06-30
0.90
-0.23
0.16
2015-03-31
0.95
-0.13
0.17
2014-12-31
0.84
0.49
0.17
2014-09-30
0.86
0.50
0.17
2014-06-30
0.88
0.33
0.21
2014-03-31
0.92
0.25
0.21
2013-12-31
0.79
-0.32
0.20
2013-09-30
0.78
-0.30
0.19
2013-06-30
0.73
-0.26
0.17
2013-03-31
0.61
-0.32
0.18
2012-12-31
0.58
-0.03
0.21
2012-09-30
0.58
0.01
0.21
2012-06-30
0.66
0.03
0.25
2012-03-31
0.80
0.08
0.25
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
Metalore Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Metalore Resources used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
Metalore Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
We assess
Metalore Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Metalore Resources
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).
The boxes below represent the relative size of what makes up
Metalore Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
Metalore Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Metalore Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Metalore Resources's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Metalore Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
We assess
Metalore Resources's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
Metalore Resources
has a total score of
5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Metalore Resources
dividends.
If you bought
$2,000 of
Metalore Resources
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
Unable to evaluate Metalore Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Metalore Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.
We also check to see if the dividend has increased in the past 10 years.
We assess
Metalore Resources's dividend by checking for:
Firstly is the company paying a notable dividend (greater than 0.8%) - if
not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the
dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1
check)
How sustainable is the dividend, can
Metalore Resources
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
Metalore Resources
has a total score of
0/6, see the detailed checks below.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
ArmenChilian
COMPENSATION
CA$40,837
TENURE AS CEO
1.8 years
CEO Bio
Mr. Armen A. Chilian, B.Sc., P.Geo. has been the Chief Executive Officer of Metalore Resources Limited since May 3, 2017 and serves as its Managing Director and Director. He serves as the Corporate Secretary of Metalore Resources Limited since August 2016. Mr. Chilian has been Interim President at Metalore Resources Limited since May 3, 2017 and served as its President. He served as Vice President of Exploration at Ontex Resources Ltd. since March 2007. He has 15 years mineral exploration experience in Canada and the USA working with Metalore, Noranda, Cominco, Kennecott. He served as the Mining Exploration Consultant of Metalore Resources Ltd. He has designed and supervised exploration programs for gold in a variety of geological environments throughout the Beardmore - Geraldton Greenstone Belt. He graduated from the University of Minnesota, Duluth in 1993.
CEO Compensation
Insufficient data for Armen to compare compensation growth.
Armen's remuneration is lower than average for companies of similar size in United States of America.
Management Team
Armen Chilian
TITLE
President
COMPENSATION
CA$41K
TENURE
1.8 yrs
Donald Bryson
TITLE
CFO & Director
COMPENSATION
CA$13K
TENURE
1.4 yrs
Carl Chilian
TITLE
Sales & Marketing Manager
Board of Directors Tenure
Average tenure of the
Metalore Resources
board of directors in years:
5.6
Average Tenure
The tenure for the Metalore Resources board of directors is about average.
Board of Directors
John McVicar
TITLE
Chairman & Lead Director
COMPENSATION
CA$9K
Armen Chilian
TITLE
President
COMPENSATION
CA$41K
TENURE
1.4 yrs
Donald Bryson
TITLE
CFO & Director
COMPENSATION
CA$13K
TENURE
1.4 yrs
Timothy Cronkwright
TITLE
Director
COMPENSATION
CA$9K
TENURE
9.8 yrs
Bruce Davis
TITLE
Director
COMPENSATION
CA$9K
TENURE
10.1 yrs
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Metalore Resources insiders in the past 3 months, but not in substantial volumes.
Metalore Resources Limited, a junior resource company, engages in the exploration and development of precious metals and hydrocarbons in Canada. It owns and/or controls approximately 40,000 acres of petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company also distributes natural gas to approximately 100 commercial and residential customers through its gathering pipelines. In addition, it holds a 100% interest in the Cedartree Lake gold property with 306 mining claims located to the southeast of the town of Kenora; and interests in approximately 600 gold mining claims in the Beardmore-Geraldton area of Ontario. The company was formerly known as New Metalore Mining Company Limited and changed its name to Metalore Resources Limited in 1976. Metalore Resources Limited was founded in 1943 and is headquartered in Simcoe, Canada.
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.