McEwen Mining Inc.
Find Ratings ReportsMCEWEN MINING INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth.
At the same time, stockholders' equity ("net worth") has greatly increased by 55.46% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 58.68 | 28.24 |
EBITDA ($mil) | 6.38 | -30.58 |
EBIT ($mil) | -0.31 | -39.81 |
Net Income ($mil) | 137.88 | -37.36 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 24.76 | 41.08 |
Total Assets ($mil) | 654.68 | 528.72 |
Total Debt ($mil) | 41.47 | 66.39 |
Equity ($mil) | 501.85 | 322.81 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 27.87 | -84.76 |
EBITDA Margin | 10.86 | -108.27 |
Operating Margin | -0.53 | -140.97 |
Sales Turnover | 0.25 | 0.21 |
Return on Assets | 8.35 | -15.33 |
Return on Equity | 10.91 | -25.12 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.76 | 0.97 |
Debt/Capital | 0.08 | 0.17 |
Interest Expense | 0.0 | 2.69 |
Interest Coverage | 0.0 | -14.78 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 49.44 | 47.43 |
Div / share | 0.0 | 0.0 |
EPS | 2.88 | -0.79 |
Book value / share | 10.15 | 6.81 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 512040.0 | 506070.0 |
HOLD. MCEWEN MINING INC's P/E ratio indicates a significant discount compared to an average of 21.33 for the Mining (except Oil and Gas) subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.83 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is below the S&P 500 average and is well below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MCEWEN MINING INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MUX 7.55 | Peers 21.33 | MUX NM | Peers 11.36 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MUX is trading at a significant discount to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MUX's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MUX NM | Peers 14.45 | MUX NM | Peers 2.19 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. MUX's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MUX's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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MUX 0.83 | Peers 3.13 | MUX 165.88 | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MUX is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MUX is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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MUX 2.52 | Peers 4.47 | MUX 50.54 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MUX is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. MUX has a sales growth rate that significantly exceeds its peers. |
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