McEwen Mining Inc

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MUX : NYSE : Basic Materials
$3.07 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 4598400.0
03/23/17 - 4:03 PM ET

Financial Analysis


MCEWEN MINING INC's gross profit margin for the third quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. MCEWEN MINING INC is extremely liquid. Currently, the Quick Ratio is 2.46 which clearly shows the ability to cover any short-term cash needs.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.89% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)13.4222.5
EBITDA ($mil)-0.514.17
EBIT ($mil)-1.653.52
Net Income ($mil)4.212.63


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)44.031.76
Total Assets ($mil)499.84504.75
Total Debt ($mil)0.05.17
Equity ($mil)447.21434.61


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin50.5245.97
EBITDA Margin-3.7918.51
Operating Margin-12.2815.66
Sales Turnover0.120.15
Return on Assets2.11-43.23
Return on Equity2.36-50.21
Debt Q3 FY16 Q3 FY15
Current Ratio3.892.11
Debt/Capital0.00.01
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)323.67300.53
Div / share0.010.01
EPS0.010.01
Book value / share1.381.45
Institutional Own % n/a n/a
Avg Daily Volume4467404.04194379.0

Valuation


HOLD. MCEWEN MINING INC's P/E ratio indicates a significant premium compared to an average of 73.12 for the Metals & Mining industry and a significant premium compared to the S&P 500 average of 26.73. Conducting a second comparison, its price-to-book ratio of 2.41 indicates a discount versus the S&P 500 average of 2.98 and a premium versus the industry average of 1.96. 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 83.25 Peers 73.12   MUX 46.06 Peers 10.51

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

MUX is trading at a 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 21.03   MUX NM Peers 0.56

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MUX is trading at a premium to its peers.

 

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MUX 2.41 Peers 1.96   MUX 105.47 Peers 235.45

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 17.77 Peers 3.04   MUX -19.40 Peers 1.90

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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