Primero Mining Corp

Find Ratings Reports
PPP : NYSE : Basic Materials
$1.42 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 1,305,500
10/27/16 - 4:02 PM ET

Financial Analysis

PRIMERO MINING CORP's gross profit margin for the second quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the industry. PRIMERO MINING CORP has weak liquidity. Currently, the Quick Ratio is 0.82 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 12.26% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)59.4467.37
EBITDA ($mil)12.1423.07
EBIT ($mil)-3.922.82
Net Income ($mil)-19.43-6.74

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)54.4839.83
Total Assets ($mil)938.481019.66
Total Debt ($mil)116.98125.63
Equity ($mil)657.43749.31

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin34.3245.95
EBITDA Margin20.4234.24
Operating Margin-6.594.19
Sales Turnover0.280.28
Return on Assets-14.52-22.0
Return on Equity-20.74-29.94
Debt Q2 FY16 Q2 FY15
Current Ratio1.141.11
Interest Expense1.61.57
Interest Coverage-2.451.8

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)187.73162.43
Div / share0.00.0
Book value / share3.54.61
Institutional Own % n/a n/a
Avg Daily Volume1310031.01423416.0


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 0.46 indicates a significant discount versus the S&P 500 average of 2.73 and a discount versus the industry average of 1.77. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PPP NM Peers 312.43   PPP 3.40 Peers 12.07

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
PPP NA Peers 25.43   PPP NA Peers 0.81

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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PPP 0.46 Peers 1.77   PPP 42.37 Peers -143.81

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PPP 1.16 Peers 3.27   PPP -9.31 Peers -13.16

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.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

PPP has a sales growth rate that significantly exceeds its peers.



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