McEwen Mining Inc

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MUX : NYSE : Basic Materials
$2.86 -0.03 | -1.04%
Today's Range: 2.84 - 2.94
Avg. Daily Volume: 4352800.0
05/22/17 - 4:00 PM ET

Financial Analysis


MCEWEN MINING INC's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. MCEWEN MINING INC is extremely liquid. Currently, the Quick Ratio is 2.16 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.03% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)14.8321.19
EBITDA ($mil)-6.666.09
EBIT ($mil)-7.625.41
Net Income ($mil)-3.0212.99


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)44.2235.08
Total Assets ($mil)499.38479.99
Total Debt ($mil)0.00.0
Equity ($mil)442.78429.72


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin48.9955.44
EBITDA Margin-44.8828.74
Operating Margin-51.3925.52
Sales Turnover0.110.15
Return on Assets1.01-2.8
Return on Equity1.14-3.13
Debt Q1 FY17 Q1 FY16
Current Ratio3.53.3
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)299.59298.08
Div / share0.010.01
EPS-0.010.04
Book value / share1.481.44
Institutional Own % n/a n/a
Avg Daily Volume4355144.03983200.0

Valuation


SELL. MCEWEN MINING INC's P/E ratio indicates a significant premium compared to an average of 34.90 for the Metals & Mining industry and a significant premium compared to the S&P 500 average of 25.02. Conducting a second comparison, its price-to-book ratio of 1.98 indicates a discount versus the S&P 500 average of 3.00 and a premium versus the industry average of 1.74. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, MCEWEN MINING INC proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MUX 146.50 Peers 34.90   MUX 246.84 Peers 11.46

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MUX is trading at a significant premium to its peers.

 

Premium. 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 is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MUX NA Peers 20.68   MUX 1.47 Peers 1.29

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

MUX is trading at a valuation on par with its peers.

 

Premium. 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 trades at a premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MUX 1.98 Peers 1.74   MUX 150.00 Peers 242.77

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

MUX is trading at a premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MUX is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MUX 16.25 Peers 2.94   MUX -24.19 Peers 6.23

Premium. 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 premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

MUX significantly trails its peers on the basis of sales growth

 

 

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