MCEWEN INC (MUX.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:MUX - US58039P3055 - Common Stock

36.63 CAD

+0.68 (+1.89%)

Last: 1/23/2026, 7:00:00 PM

Fundamental Rating

MUX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 820 industry peers in the Metals & Mining industry. Both the profitability and financial health of MUX have multiple concerns. MUX is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

1.1 Basic Checks

In the past year MUX has reported negative net income.
In the past year MUX had a positive cash flow from operations.
In the past 5 years MUX reported 4 times negative net income.
MUX had negative operating cash flow in 4 of the past 5 years.

1.2 Ratios

MUX has a Return On Assets of -1.59%. This is amongst the best in the industry. MUX outperforms 80.78% of its industry peers.
Looking at the Return On Equity, with a value of -2.44%, MUX belongs to the top of the industry, outperforming 80.66% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	-1.59%
ROE	-2.44%
ROIC	N/A

ROA(3y)-4.5%

ROA(5y)-10.95%

ROE(3y)-7.65%

ROE(5y)-15.95%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

MUX has a Gross Margin of 18.34%. This is amongst the best in the industry. MUX outperforms 87.64% of its industry peers.
In the last couple of years the Gross Margin of MUX has grown nicely.
MUX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	18.34%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5Y18.18%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MUX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MUX has more shares outstanding
MUX has more shares outstanding than it did 5 years ago.
MUX has a better debt/assets ratio than last year.

2.2 Solvency

MUX has an Altman-Z score of 1.15. This is a bad value and indicates that MUX is not financially healthy and even has some risk of bankruptcy.
MUX has a Altman-Z score (1.15) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.26 indicates that MUX is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.26, MUX is not doing good in the industry: 68.54% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Debt/Equity	0.26
Debt/FCF	N/A
Altman-Z	1.15

ROIC/WACCN/A

WACC9.63%

2.3 Liquidity

MUX has a Current Ratio of 2.10. This indicates that MUX is financially healthy and has no problem in meeting its short term obligations.
MUX has a Current ratio (2.10) which is in line with its industry peers.
MUX has a Quick Ratio of 1.58. This is a normal value and indicates that MUX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.58, MUX is in line with its industry, outperforming 49.94% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.1
Quick Ratio	1.58

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

MUX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.80%, which is quite impressive.
MUX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.62%.
Measured over the past years, MUX shows a quite strong growth in Revenue. The Revenue has been growing by 8.32% on average per year.

EPS 1Y (TTM)61.8%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%75%

Revenue 1Y (TTM)-16.62%

Revenue growth 3Y8.53%

Revenue growth 5Y8.32%

Sales Q2Q%-3.28%

3.2 Future

The Earnings Per Share is expected to grow by 102.77% on average over the next years. This is a very strong growth
MUX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.54% yearly.

EPS Next Y104.48%

EPS Next 2Y107.42%

EPS Next 3Y102.77%

EPS Next 5YN/A

Revenue Next Year-11.15%

Revenue Next 2Y13.05%

Revenue Next 3Y11.54%

Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MUX. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 18.64, the valuation of MUX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, MUX is valued cheaper than 90.94% of the companies in the same industry.
MUX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.98.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	18.64

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MUX is valued cheaper than 88.13% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	124.98

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MUX's earnings are expected to grow with 102.77% in the coming years.