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MCEWEN MINING INC (MUX.CA) Stock Fundamental Analysis

TSX:MUX - Toronto Stock Exchange - US58039P3055 - Common Stock - Currency: CAD

15.55  +0.25 (+1.63%)

Fundamental Rating

3

MUX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 808 industry peers in the Metals & Mining industry. Both the profitability and financial health of MUX have multiple concerns. MUX is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

MUX had negative earnings in the past year.
In the past year MUX had a positive cash flow from operations.
MUX had negative earnings in 4 of the past 5 years.
MUX had negative operating cash flow in 4 of the past 5 years.
MUX.CA Yearly Net Income VS EBIT VS OCF VS FCFMUX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M

1.2 Ratios

MUX's Return On Assets of -4.05% is fine compared to the rest of the industry. MUX outperforms 73.64% of its industry peers.
Looking at the Return On Equity, with a value of -6.16%, MUX is in the better half of the industry, outperforming 70.67% of the companies in the same industry.
Industry RankSector Rank
ROA -4.05%
ROE -6.16%
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
MUX.CA Yearly ROA, ROE, ROICMUX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30 -40

1.3 Margins

With an excellent Gross Margin value of 20.71%, MUX belongs to the best of the industry, outperforming 88.00% of the companies in the same industry.
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 RankSector Rank
OM N/A
PM (TTM) N/A
GM 20.71%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y18.18%
MUX.CA Yearly Profit, Operating, Gross MarginsMUX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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3

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
The number of shares outstanding for MUX has been increased compared to 5 years ago.
MUX has a better debt/assets ratio than last year.
MUX.CA Yearly Shares OutstandingMUX.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
MUX.CA Yearly Total Debt VS Total AssetsMUX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

MUX has an Altman-Z score of -0.77. This is a bad value and indicates that MUX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.77, MUX is in line with its industry, outperforming 42.20% of the companies in the same 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: 69.55% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF N/A
Altman-Z -0.77
ROIC/WACCN/A
WACC8.67%
MUX.CA Yearly LT Debt VS Equity VS FCFMUX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 2.35 indicates that MUX has no problem at all paying its short term obligations.
The Current ratio of MUX (2.35) is comparable to the rest of the industry.
A Quick Ratio of 1.89 indicates that MUX should not have too much problems paying its short term obligations.
MUX has a Quick ratio (1.89) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.35
Quick Ratio 1.89
MUX.CA Yearly Current Assets VS Current LiabilitesMUX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 52.08% over the past year.
The Revenue has decreased by -2.18% in the past year.
MUX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.32% yearly.
EPS 1Y (TTM)52.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-2.18%
Revenue growth 3Y8.53%
Revenue growth 5Y8.32%
Sales Q2Q%-13.42%

3.2 Future

MUX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 64.99% yearly.
MUX is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.23% yearly.
EPS Next Y91.85%
EPS Next 2Y64.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-19.66%
Revenue Next 2Y-10.23%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MUX.CA Yearly Revenue VS EstimatesMUX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
MUX.CA Yearly EPS VS EstimatesMUX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 -1 -2 -3

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4

4. Valuation

4.1 Price/Earnings Ratio

MUX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 25.56, the valuation of MUX can be described as expensive.
Based on the Price/Forward Earnings ratio, MUX is valued cheaper than 87.62% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. MUX is around the same levels.
Industry RankSector Rank
PE N/A
Fwd PE 25.56
MUX.CA Price Earnings VS Forward Price EarningsMUX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MUX indicates a rather cheap valuation: MUX is cheaper than 89.23% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28.4
MUX.CA Per share dataMUX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

MUX's 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 64.99% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y64.99%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

MUX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MCEWEN MINING INC

TSX:MUX (7/4/2025, 7:00:00 PM)

15.55

+0.25 (+1.63%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)08-05 2025-08-05
Inst Owners40.58%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap839.54M
Analysts80
Price Target19.97 (28.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-100.17%
Min EPS beat(2)-197.03%
Max EPS beat(2)-3.31%
EPS beat(4)1
Avg EPS beat(4)-47.52%
Min EPS beat(4)-197.03%
Max EPS beat(4)64%
EPS beat(8)4
Avg EPS beat(8)-30.3%
EPS beat(12)5
Avg EPS beat(12)-77.69%
EPS beat(16)6
Avg EPS beat(16)-127.74%
Revenue beat(2)1
Avg Revenue beat(2)-3.21%
Min Revenue beat(2)-9.51%
Max Revenue beat(2)3.09%
Revenue beat(4)3
Avg Revenue beat(4)1.78%
Min Revenue beat(4)-9.51%
Max Revenue beat(4)7.08%
Revenue beat(8)6
Avg Revenue beat(8)1.12%
Revenue beat(12)6
Avg Revenue beat(12)-4.27%
Revenue beat(16)7
Avg Revenue beat(16)-3.95%
PT rev (1m)-5.68%
PT rev (3m)-31.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)90.48%
EPS NY rev (1m)-15.39%
EPS NY rev (3m)77.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.03%
Revenue NY rev (1m)12.66%
Revenue NY rev (3m)-31.54%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 25.56
P/S 3.66
P/FCF N/A
P/OCF 26.13
P/B 1.29
P/tB 1.29
EV/EBITDA 28.4
EPS(TTM)-0.94
EYN/A
EPS(NY)0.61
Fwd EY3.91%
FCF(TTM)-0.78
FCFYN/A
OCF(TTM)0.6
OCFY3.83%
SpS4.25
BVpS12.08
TBVpS12.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.05%
ROE -6.16%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 20.71%
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y18.18%
F-Score4
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF N/A
Debt/EBITDA 5.54
Cap/Depr 183.98%
Cap/Sales 32.23%
Interest Coverage N/A
Cash Conversion 104.34%
Profit Quality N/A
Current Ratio 2.35
Quick Ratio 1.89
Altman-Z -0.77
F-Score4
WACC8.67%
ROIC/WACCN/A
Cap/Depr(3y)153.99%
Cap/Depr(5y)131.29%
Cap/Sales(3y)27.62%
Cap/Sales(5y)24.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)52.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y91.85%
EPS Next 2Y64.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.18%
Revenue growth 3Y8.53%
Revenue growth 5Y8.32%
Sales Q2Q%-13.42%
Revenue Next Year-19.66%
Revenue Next 2Y-10.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y90.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year159.29%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y68.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y133.02%
OCF growth 3YN/A
OCF growth 5YN/A