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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Midnight Sun Mining. This is due to cash flow or dividend data being
unavailable. The share price is
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
Midnight Sun Mining's
is considered below, and whether this is a fair price.
Price based on past earnings
Midnight Sun Mining'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 Midnight Sun Mining 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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Midnight Sun Mining
expected to grow at an
Unable to compare Midnight Sun Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Midnight Sun Mining's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Midnight Sun Mining's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Midnight Sun Mining is high growth as no earnings estimate data is available.
Unable to determine if Midnight Sun Mining 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.
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 Midnight Sun Mining's filings and announcements here.
Midnight Sun Mining'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
Metals and Mining
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.
Midnight Sun Mining
has a total score of
0/6, 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
The boxes below represent the relative size of what makes up
Midnight Sun Mining's finances.
The net worth of a company is the difference between its assets and liabilities.
Midnight Sun Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Midnight Sun Mining has no long term commitments.
This treemap shows a more detailed breakdown of
Midnight Sun Mining'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Midnight Sun Mining has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Allan John Fabbro, also known as Al, is a Self-Employed Consultant. He has been a Director of Winston Gold Mining Corp. since October 23, 2015. Mr. Fabbro served as the Chief Executive Officer and President of Parallel Mining Corp. from December 4, 2012 to April 24, 2014. He served as the Chief Executive Officer and President of Midnight Sun Mining Corp. from May 2010 to May 6, 2013. He served as the President at WPC Resources Inc. from February 19, 2009 to June 2014. He served as the Chief Executive Officer and President of American Consolidated Minerals Corp. from May 2009 to May 2013. From 1984 to 1990, he headed the retail trading department of Yorkton Securities. He served six years with Yorkton's Natural Resource Group. He served as an Investment Advisor/Broker with Canaccord Capital Corporation for 11 years, where he specialized in the natural resource sector. He has extensive international financing and resource-based background. He has over 30 years’ experience in both the finance and mining industries. He serves as the Chairman of Advisory Board of Galore Resources Inc. He has been an Independent Director of Midnight Sun Mining Corp. since May 11, 2010 and serves its Lead Director and its Interim CEO since December 21, 2018. He has been an Independent Director of Veraz Petroleum Ltd. since December 21, 2012, AlkaLi3 Resources Inc. since December 21, 2012 and Doubleview Capital Corp. since June 10, 2013. He has been a Director of Parallel Mining Corp. since November 9, 2012, American Consolidated Minerals Corp. since May 19, 2009. He served as Director of STEM 7 Capital Inc. from June 9, 2010 to May 30, 2017. He served as a Director of WPC Resources Inc. from February 1, 2009 to September 12, 2018. He served a Director Roxgold Inc. from October 27, 2010 to September 25, 2012 and served as its Lead Director from November 2010 to September 25, 2012. He served as a Director of Cortez Gold Corp. from August 25, 2009 to August 6, 2012, China Health Labs & Diagnostics Ltd. until October 20, 2010, Parlane Resource Corp. from November 10, 2009 to August 2012 and Galore Resources Inc. from April 2012 to August 2012. He served as a Director of CCS Capital Inc.
Insufficient data for Al to compare compensation growth.
Al's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
Midnight Sun Mining
management team in years:
The average tenure for the Midnight Sun Mining management team is less than 2 years, this suggests a new team.
Acting CEO & Lead Director
CFO & COO
VP, Exploration & Director
VP of Corporate Development & Corporate Secretary
Board of Directors Tenure
Average tenure and age of the
Midnight Sun Mining
board of directors in years:
The tenure for the Midnight Sun Mining board of directors is about average.
Midnight Sun Mining Corp., a mineral exploration and development company, acquires and explores for mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It has an option to acquire 60% interest in two mineral exploration permit licenses covering an area of 506 square kilometers located in Solwezi, Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.