Primero Mining Corp

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PPP : NYSE : Basic Materials
$0.7594 up 0.0012 | 0.16%
Today's Range: 0.7396 - 0.7761
Avg. Daily Volume: 2278600.0
01/20/17 - 3:59 PM ET

Financial Analysis


PRIMERO MINING CORP's gross profit margin for the third quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, but still managed to outperform when compared to the average company in its industry. PRIMERO MINING CORP has weak liquidity. Currently, the Quick Ratio is 0.70 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 12.89% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)57.0179.22
EBITDA ($mil)7.532.44
EBIT ($mil)-8.7612.64
Net Income ($mil)-11.73-5.4


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)31.1643.1
Total Assets ($mil)918.061011.08
Total Debt ($mil)114.12115.58
Equity ($mil)649.26745.4


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin27.9447.16
EBITDA Margin13.1540.95
Operating Margin-15.3715.95
Sales Turnover0.260.29
Return on Assets-15.54-12.88
Return on Equity-21.97-17.48
Debt Q3 FY16 Q3 FY15
Current Ratio1.011.19
Debt/Capital0.150.13
Interest Expense2.052.79
Interest Coverage-4.284.53


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)188.25162.49
Div / share0.00.0
EPS-0.06-0.03
Book value / share3.454.59
Institutional Own % n/a n/a
Avg Daily Volume2164742.01327575.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.23 indicates a significant discount versus the S&P 500 average of 2.84 and a significant discount versus the industry average of 2.00. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, PRIMERO MINING CORP proves to trade at a discount 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
PPP NM Peers 470.61   PPP 2.90 Peers 11.61

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

PPP's P/E is negative making this valuation measure meaningless.

 

Discount. 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.

PPP is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PPP NA Peers 27.19   PPP NA Peers 1.00

Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.

Ratio not available.

 

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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PPP 0.23 Peers 2.00   PPP -1.17 Peers -45.01

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.

PPP 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.

PPP is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PPP 0.62 Peers 3.14   PPP -18.10 Peers -10.68

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.

PPP is trading at a significant discount to its industry on this measurement.

 

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

PPP significantly trails its peers on the basis of sales growth

 

 

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