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MCEWEN MINING INC (MUX.CA) Stock Fundamental Analysis

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

12.5  +0.06 (+0.48%)

Fundamental Rating

3

Overall MUX gets a fundamental rating of 3 out of 10. We evaluated MUX against 832 industry peers in the Metals & Mining industry. MUX has a bad profitability rating. Also its financial health evaluation is rather negative. MUX is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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 a negative operating cash flow in each 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 0 50M -50M -100M -150M

1.2 Ratios

MUX has a better Return On Assets (15.42%) than 96.12% of its industry peers.
MUX has a better Return On Equity (20.51%) than 95.85% of its industry peers.
Industry RankSector Rank
ROA 15.42%
ROE 20.51%
ROIC N/A
ROA(3y)-5.91%
ROA(5y)-11.53%
ROE(3y)-9.74%
ROE(5y)-16.57%
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 0 10 -10 -20 -30 -40

1.3 Margins

MUX has a better Profit Margin (51.59%) than 98.80% of its industry peers.
MUX has a better Gross Margin (22.15%) than 88.22% of its industry peers.
MUX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 51.59%
GM 22.15%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-15.64%
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 0 50 -50 -100

3

2. Health

2.1 Basic Checks

MUX does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MUX has been increased compared to 1 year ago.
MUX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MUX has an improved debt to assets ratio.
MUX.CA Yearly Shares OutstandingMUX.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 200M 400M 600M

2.2 Solvency

MUX has an Altman-Z score of -0.74. This is a bad value and indicates that MUX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.74, MUX is not doing good in the industry: 61.31% of the companies in the same industry are doing better.
The Debt to FCF ratio of MUX is 4.63, which is a neutral value as it means it would take MUX, 4.63 years of fcf income to pay off all of its debts.
MUX's Debt to FCF ratio of 4.63 is amongst the best of the industry. MUX outperforms 91.16% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that MUX is not too dependend on debt financing.
The Debt to Equity ratio of MUX (0.06) is worse than 64.93% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 4.63
Altman-Z -0.74
ROIC/WACCN/A
WACC9.55%
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 0 200M 400M

2.3 Liquidity

A Current Ratio of 1.17 indicates that MUX should not have too much problems paying its short term obligations.
MUX's Current ratio of 1.17 is on the low side compared to the rest of the industry. MUX is outperformed by 60.11% of its industry peers.
MUX has a Quick Ratio of 1.17. This is a bad value and indicates that MUX is not financially healthy enough and could expect problems in meeting its short term obligations.
MUX has a worse Quick ratio (0.74) than 65.86% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.74
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 20M 40M 60M 80M

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 65.23% over the past year.
Looking at the last year, MUX shows a very strong growth in Revenue. The Revenue has grown by 47.02%.
The Revenue has been growing slightly by 5.33% on average over the past years.
EPS 1Y (TTM)65.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%89.74%
Revenue 1Y (TTM)47.02%
Revenue growth 3Y16.62%
Revenue growth 5Y5.33%
Sales Q2Q%36.05%

3.2 Future

The Earnings Per Share is expected to grow by 40.12% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 23.91% on average over the next years. This is a very strong growth
EPS Next Y70.36%
EPS Next 2Y40.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year29.4%
Revenue Next 2Y23.91%
Revenue Next 3YN/A
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.
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 50M 100M 150M 200M
MUX.CA Yearly EPS VS EstimatesMUX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1 -2 -3

3

4. Valuation

4.1 Price/Earnings Ratio

MUX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year MUX is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MUX.CA Price Earnings VS Forward Price EarningsMUX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

MUX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MUX is cheaper than 89.29% of the companies in the same industry.
MUX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MUX is cheaper than 90.90% of the companies in the same industry.
Industry RankSector Rank
P/FCF 53.6
EV/EBITDA 16.11
MUX.CA Per share dataMUX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

MUX's earnings are expected to grow with 40.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.12%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

No dividends for MUX!.
Industry RankSector Rank
Dividend Yield N/A

MCEWEN MINING INC

TSX:MUX (2/5/2025, 7:00:00 PM)

12.5

+0.06 (+0.48%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-05 2024-11-05/amc
Earnings (Next)02-27 2025-02-27/bmo
Inst Owners23.05%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap661.50M
Analysts80
Price Target28.76 (130.08%)
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)1
Avg EPS beat(2)5.14%
Min EPS beat(2)-53.72%
Max EPS beat(2)64%
EPS beat(4)2
Avg EPS beat(4)-30.31%
Min EPS beat(4)-160.81%
Max EPS beat(4)64%
EPS beat(8)4
Avg EPS beat(8)-84.43%
EPS beat(12)5
Avg EPS beat(12)-98.78%
EPS beat(16)6
Avg EPS beat(16)-136.75%
Revenue beat(2)2
Avg Revenue beat(2)6.76%
Min Revenue beat(2)6.45%
Max Revenue beat(2)7.08%
Revenue beat(4)4
Avg Revenue beat(4)6.43%
Min Revenue beat(4)2.56%
Max Revenue beat(4)9.62%
Revenue beat(8)5
Avg Revenue beat(8)-0.31%
Revenue beat(12)5
Avg Revenue beat(12)-4.78%
Revenue beat(16)6
Avg Revenue beat(16)-4.12%
PT rev (1m)1.18%
PT rev (3m)9.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-38.46%
EPS NY rev (1m)0%
EPS NY rev (3m)18.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.51%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.32
P/FCF 53.6
P/OCF 9.85
P/B 0.92
P/tB 0.92
EV/EBITDA 16.11
EPS(TTM)-1.27
EYN/A
EPS(NY)-0.12
Fwd EYN/A
FCF(TTM)0.23
FCFY1.87%
OCF(TTM)1.27
OCFY10.16%
SpS5.38
BVpS13.54
TBVpS13.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 15.42%
ROE 20.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 51.59%
GM 22.15%
FCFM 4.33%
ROA(3y)-5.91%
ROA(5y)-11.53%
ROE(3y)-9.74%
ROE(5y)-16.57%
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 5Y-15.64%
F-Score6
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 4.63
Debt/EBITDA 1.06
Cap/Depr 127.74%
Cap/Sales 19.25%
Interest Coverage N/A
Cash Conversion 160.57%
Profit Quality 8.4%
Current Ratio 1.17
Quick Ratio 0.74
Altman-Z -0.74
F-Score6
WACC9.55%
ROIC/WACCN/A
Cap/Depr(3y)152.97%
Cap/Depr(5y)126.63%
Cap/Sales(3y)27.91%
Cap/Sales(5y)24.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%89.74%
EPS Next Y70.36%
EPS Next 2Y40.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)47.02%
Revenue growth 3Y16.62%
Revenue growth 5Y5.33%
Sales Q2Q%36.05%
Revenue Next Year29.4%
Revenue Next 2Y23.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y99.48%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year106.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y109.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y173.82%
OCF growth 3YN/A
OCF growth 5YN/A