Primero Mining Corp

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PPP : NYSE : Basic Materials
$2.17 | %
Today's Range: 2.17 - 2.24
Avg. Daily Volume: 1,440,200
07/22/16 - 4:02 PM ET

Financial Analysis


PRIMERO MINING CORP's gross profit margin for the first 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 average liquidity. Currently, the Quick Ratio is 1.12 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 15.44% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)50.5473.31
EBITDA ($mil)4.423.11
EBIT ($mil)-11.943.86
Net Income ($mil)-13.173.59


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)22.0757.62
Total Assets ($mil)892.21026.56
Total Debt ($mil)115.6122.99
Equity ($mil)637.74754.23


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin20.341.66
EBITDA Margin8.6931.52
Operating Margin-23.625.26
Sales Turnover0.30.29
Return on Assets-13.86-20.7
Return on Equity-19.39-28.18
Debt Q1 FY16 Q1 FY15
Current Ratio1.871.15
Debt/Capital0.150.14
Interest Expense2.986.33
Interest Coverage-4.00.61


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)164.65162.25
Div / share0.00.0
EPS-0.080.02
Book value / share3.874.65
Institutional Own % n/a n/a
Avg Daily Volume1515590.01195173.0

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. Conducting a second comparison, its price-to-book ratio of 0.62 indicates a significant discount versus the S&P 500 average of 2.80 and a discount versus the industry average of 1.99. The price-to-sales ratio is below the S&P 500 average and is well below 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 148.02   PPP 6.29 Peers 13.13

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 58.51   PPP NA Peers 2.49

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 0.62 Peers 1.99   PPP 45.26 Peers -163.46

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 1.48 Peers 3.67   PPP -10.39 Peers -15.31

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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