SSR Mining Inc.
Find Ratings ReportsSSR MINING INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. SSR MINING INC is extremely liquid. Currently, the Quick Ratio is 3.84 which clearly shows the ability to cover any short-term cash needs. SSRM managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 5.77% 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 | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 425.9 | 306.38 |
EBITDA ($mil) | -169.61 | 87.46 |
EBIT ($mil) | -238.07 | 33.21 |
Net Income ($mil) | -217.85 | 93.88 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 513.44 | 729.39 |
Total Assets ($mil) | 5385.77 | 5254.66 |
Total Debt ($mil) | 341.69 | 423.56 |
Equity ($mil) | 3373.08 | 3579.74 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | -33.03 | 40.78 |
EBITDA Margin | -39.82 | 28.54 |
Operating Margin | -55.9 | 10.84 |
Sales Turnover | 0.26 | 0.22 |
Return on Assets | -1.81 | 3.69 |
Return on Equity | -2.91 | 5.42 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 7.01 | 4.93 |
Debt/Capital | 0.09 | 0.11 |
Interest Expense | 2.52 | 0.66 |
Interest Coverage | -94.59 | 50.24 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 202.95 | 206.65 |
Div / share | 0.07 | 0.07 |
EPS | -1.07 | 0.43 |
Book value / share | 16.62 | 17.32 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 4693800.0 | 1790937.0 |
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 0.25 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, SSR MINING INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SSRM NM | Peers 21.33 | SSRM 1.97 | Peers 11.36 | |||||||||||||||||||||
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. SSRM'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. SSRM is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SSRM NA | Peers 14.45 | SSRM NA | Peers 2.19 | |||||||||||||||||||||
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. |
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Price/Book |
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Earnings Growth |
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SSRM 0.25 | Peers 3.13 | SSRM -157.30 | Peers -3.47 | |||||||||||||||||||||
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. SSRM is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, SSRM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SSRM 0.58 | Peers 4.47 | SSRM 24.29 | Peers 20.15 | |||||||||||||||||||||
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. SSRM is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. SSRM has a sales growth rate that exceeds its peers. |
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