OTCPK:MTLR.F

Stock Analysis Report

Executive Summary

Metalore Resources Limited, a junior resource company, engages in the natural gas production and gold exploration in Canada.


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MTLR.F

-12.7%

US Oil and Gas

-7.6%

US Market


1 Year Return

n/a

MTLR.F

-27.5%

US Oil and Gas

10.2%

US Market

Return vs Industry: Insufficient data to determine how MTLR.F performed against the US Oil and Gas industry.

Return vs Market: Insufficient data to determine how MTLR.F performed against the US Market.


Shareholder returns

MTLR.FIndustryMarket
7 Day0%-12.7%-7.6%
30 Day24.8%-14.6%-4.5%
90 Dayn/a-16.7%-0.6%
1 Yearn/a-24.7%-27.5%12.5%10.2%
3 Year-54.4%-54.4%-23.7%-30.9%37.1%28.3%
5 Year-27.5%-27.5%-27.1%-38.2%60.8%43.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTLR.F ($1.8) is trading below our estimate of fair value ($2.49)

Significantly Below Fair Value: MTLR.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MTLR.F is poor value based on its PE Ratio (14x) compared to the Oil and Gas industry average (9.1x).

PE vs Market: MTLR.F is good value based on its PE Ratio (14x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MTLR.F is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

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

16.9%

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 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 SimplyWall St do have past financial data.


Next Steps

  • Examine whether Metalore Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • 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.
  • Explore growth companies in the Energy industry.

Past Performance

How has Metalore Resources performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTLR.F has a large one-off loss of CA$200.7K impacting its December 31 2019 financial results.

Growing Profit Margin: MTLR.F's current net profit margins (33.2%) are lower than last year (46.6%).


Past Earnings Growth Analysis

Earnings Trend: MTLR.F has become profitable over the past 5 years, growing earnings by 10.1% per year.

Accelerating Growth: MTLR.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTLR.F had negative earnings growth (-37%) over the past year, making it difficult to compare to the Oil and Gas industry average (-18.9%).


Return on Equity

High ROE: MTLR.F's Return on Equity (2.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Metalore Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MTLR.F's short term assets (CA$768.6K) exceed its short term liabilities (CA$101.2K).

Long Term Liabilities: MTLR.F's short term assets (CA$768.6K) do not cover its long term liabilities (CA$886.0K).


Debt to Equity History and Analysis

Debt Level: MTLR.F is debt free.

Reducing Debt: MTLR.F has not had any debt for past 5 years.


Balance Sheet

Inventory Level: MTLR.F has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MTLR.F's debt is covered by short term assets.


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: MTLR.F is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: MTLR.F is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%4.0%industryaverage5.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if MTLR.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MTLR.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTLR.F'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?

6.6yrs

Average board tenure


CEO

Armen Chilian 0

2.8yrs

Tenure

CA$59,512

Compensation

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 Secreta ...


Board Members

NamePositionTenureCompensationOwnership
Armen Chilian
President2.8yrsCA$59.51k2.25% CA$49.6k
Donald Bryson
CFO & Director2.4yrsCA$12.50kno data
John McVicar
Chairman & Lead Director0yrsCA$8.44k0.39% CA$8.6k
Bruce Davis
Independent Director11.1yrsCA$8.64k0.17% CA$3.7k
Timothy Cronkwright
Independent Director10.8yrsCA$8.64k0.028% CA$620.2

6.6yrs

Average Tenure

Experienced Board: MTLR.F's board of directors are considered experienced (6.6 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Metalore Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metalore Resources Limited
  • Ticker: MTLR.F
  • Exchange: OTCPK
  • Founded: 1943
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$2.929m
  • Listing Market Cap: CA$2.202m
  • Shares outstanding: 1.78m
  • Website: https://www.metaloreresources.com

Number of Employees


Location

  • Metalore Resources Limited
  • PO Box 422
  • Simcoe
  • Ontario
  • N3Y 4L5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
METTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 1981
MTLR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1981

Biography

Metalore Resources Limited, a junior resource company, engages in the natural gas production and gold exploration 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 150 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:49
End of Day Share Price2020/02/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.