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Mega Uranium

TSX:MGA
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGA
TSX
CA$21M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Mega Uranium Ltd. engages in the mineral exploration and development of uranium properties primarily in Australia and Canada. The last earnings update was 46 days ago. More info.


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  • Mega Uranium has significant price volatility in the past 3 months.
MGA Share Price and Events
7 Day Returns
8.3%
TSX:MGA
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-35%
TSX:MGA
-41.5%
CA Oil and Gas
-22%
CA Market
MGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mega Uranium (MGA) 8.3% -23.5% -27.8% -35% -69% -27.8%
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • MGA outperformed the Oil and Gas industry which returned -41.5% over the past year.
  • MGA underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
MGA
Industry
5yr Volatility vs Market

Value

 Is Mega Uranium undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mega Uranium. This is due to cash flow or dividend data being unavailable. The share price is CA$0.065.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mega Uranium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mega Uranium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:MGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.03
TSX:MGA Share Price ** TSX (2020-03-27) in CAD CA$0.07
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mega Uranium.

TSX:MGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MGA Share Price ÷ EPS (both in CAD)

= 0.07 ÷ -0.03

-2.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mega Uranium is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Mega Uranium is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Mega Uranium's expected growth come at a high price?
Raw Data
TSX:MGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mega Uranium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mega Uranium's assets?
Raw Data
TSX:MGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.12
TSX:MGA Share Price * TSX (2020-03-27) in CAD CA$0.07
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:MGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MGA Share Price ÷ Book Value per Share (both in CAD)

= 0.07 ÷ 0.12

0.54x

* Primary Listing of Mega Uranium.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mega Uranium is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Mega Uranium's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Mega Uranium has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mega Uranium expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mega Uranium has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.9%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mega Uranium expected to grow at an attractive rate?
  • Unable to compare Mega Uranium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mega Uranium's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Mega Uranium's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:MGA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:MGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:MGA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 -8
2019-09-30 -2 -6
2019-06-30 -2 -1
2019-03-31 -2 -7
2018-12-31 -2 -10
2018-09-30 -1 -8
2018-06-30 -2 -9
2018-03-31 -2 -7
2017-12-31 -2 -1
2017-09-30 -2 -2
2017-06-30 -2 -2
2017-03-31 -2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mega Uranium is high growth as no earnings estimate data is available.
  • Unable to determine if Mega Uranium is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:MGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mega Uranium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MGA Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.03
2019-09-30 -0.02
2019-06-30 0.00
2019-03-31 -0.02
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.02
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mega Uranium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mega Uranium's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Mega Uranium's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Mega Uranium's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mega Uranium's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mega Uranium has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mega Uranium performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mega Uranium's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mega Uranium does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mega Uranium's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mega Uranium's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Mega Uranium's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mega Uranium Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MGA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -8.46 2.43
2019-09-30 -5.93 2.63
2019-06-30 -0.64 2.54
2019-03-31 -7.21 2.47
2018-12-31 -9.76 2.68
2018-09-30 -7.96 2.87
2018-06-30 -8.59 3.11
2018-03-31 -6.57 3.39
2017-12-31 -0.90 3.47
2017-09-30 -1.62 3.35
2017-06-30 -1.87 3.31
2017-03-31 0.88 3.24
2016-12-31 1.48 2.96
2016-09-30 0.73 2.97
2016-06-30 -0.49 3.98
2016-03-31 0.91 3.74
2015-12-31 -3.63 3.66
2015-09-30 -4.20 3.59
2015-06-30 -15.39 2.62
2015-03-31 -17.49 2.80
2014-12-31 -13.43 3.16
2014-09-30 -11.76 3.31
2014-06-30 -25.14 4.59
2014-03-31 -74.86 4.87
2013-12-31 -76.60 4.94
2013-09-30 -77.87 5.83
2013-06-30 -68.84 4.71
2013-03-31 -23.34 5.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mega Uranium has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mega Uranium has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mega Uranium improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mega Uranium's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mega Uranium has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mega Uranium's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mega Uranium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mega Uranium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mega Uranium's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mega Uranium's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.4919874573698E+16x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mega Uranium Company Filings, last reported 2 months ago.

TSX:MGA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 39.22 0.00 4.44
2019-09-30 44.19 0.00 5.49
2019-06-30 54.16 0.00 6.51
2019-03-31 54.43 0.00 4.04
2018-12-31 59.85 0.00 4.44
2018-09-30 62.79 0.00 2.66
2018-06-30 57.42 0.00 0.68
2018-03-31 58.70 0.00 0.88
2017-12-31 78.96 0.00 1.43
2017-09-30 71.02 0.00 1.68
2017-06-30 71.86 0.00 1.78
2017-03-31 78.26 0.00 1.26
2016-12-31 62.57 0.00 1.03
2016-09-30 56.75 0.00 1.34
2016-06-30 85.53 0.00 1.45
2016-03-31 71.28 0.00 1.90
2015-12-31 51.08 0.00 1.32
2015-09-30 41.67 0.00 0.61
2015-06-30 58.02 0.00 0.88
2015-03-31 48.37 0.00 1.34
2014-12-31 52.98 0.00 2.40
2014-09-30 55.41 0.00 2.04
2014-06-30 62.84 0.00 2.15
2014-03-31 66.04 0.00 3.79
2013-12-31 65.18 0.00 3.58
2013-09-30 65.76 0.00 3.50
2013-06-30 86.87 0.00 2.04
2013-03-31 150.14 0.00 3.45
  • Mega Uranium's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Mega Uranium's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mega Uranium has sufficient cash runway for more than 3 years based on current free cash flow.
  • Mega Uranium has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of -4.5% each year.
X
Financial health checks
We assess Mega Uranium's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mega Uranium has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mega Uranium's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mega Uranium dividends.
If you bought CA$2,000 of Mega Uranium shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mega Uranium's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mega Uranium's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:MGA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mega Uranium has not reported any payouts.
  • Unable to verify if Mega Uranium's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mega Uranium's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mega Uranium has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mega Uranium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mega Uranium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mega Uranium has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mega Uranium's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Patricio
COMPENSATION CA$378,886
AGE 45
TENURE AS CEO 5 years
CEO Bio

Mr. Richard J. Patricio, LL.B., has been the Chief Executive Officer and President of Mega Uranium Ltd. since March 1, 2015. Mr. Patricio serves as the President of Totus Inc. He served as the Chief Executive Officer and President of Terreno Resources Corp., since November 1, 2013 until June 1, 2017. Mr. Patricio served as the President of Pinetree Capital Ltd., from February 2015 to April 29, 2016 and served as its Chief Executive Officer from February 2015 to April 29, 2016. He served as Vice President of Legal & Corporate Affairs at ThreeD Capital Inc., from September 2005 to March 2, 2015 and served as its Secretary until March 2, 2015. Mr. Patricio joined Pinetree Capital Ltd. in November 2005 as Vice President of Legal & Corporate Affairs at Pinetree Capital Ltd. until February 2015 and served as it Vice President of Investor Relations. He served as an Executive Vice President of Corporate Affairs at Mega Uranium Ltd. from April 2006 to March 1, 2015 and was responsible for merger and acquisition activity, corporate transactions and overall administration. Mr. Patricio has an extensive capital market experience and served as In-House General Counsel for a TSX listed manufacturing company. He served as the President and Chief Executive Officer at Southampton Ventures Inc. from June 6, 2005 to January 2008 and served as its Corporate Secretary since January 25, 2008. Mr. Patricio was employed at Osler, Hoskin & Harcourt LLP. He served as Corporate Secretary of Santa Maria Petroleum, Inc. Mr. Patricio served as a Vice President of Corporate & Legal Affairs at Mega Uranium Ltd. since April 10, 2006. He served as General Counsel of Teknion Corp., from 2001 to 2005. Mr. Patricio has been an Independent Director of NxGold Ltd since February 2, 2017. He has been a Director of Titan Uranium Inc. since July 31, 2009. Mr. Patricio has been a Non Executive Director of Toro Energy Limited since December 1, 2013. He has been an Independent Director of NexGen Energy Ltd. since April 19, 2013 and Mega Precious Metals Inc. since October 3, 2005. Mr. Patricio has been a Director of Macusani Yellowcake, Inc. since April 7, 2014. He has been Independent Director of IsoEnergy Ltd. since April 01, 2016. Mr. Patricio serves as Chairman of Latin American Minerals Inc. and Director of Totus Inc. He served as Director of Terreno Resources Corp. since August 19, 2010 until June 1, 2017. Mr. Patricio served as an Independent Director of U3O8 Corp. since April 2010. He served as an Independent Non-Executive Director of Macarthur Minerals Limited from September 18, 2012 to April 28, 2015. Mr. Patricio served as a Director of Energy Fuels Inc. from February 2012 to June 18, 2015. He served as a Director of Caledonia Mining Corporation Plc from May 15, 2012 to August 10, 2015. Mr. Patricio served as Director of Kerr Mines Inc. from December 2016 to March 29, 2017. He served as a Director of Santa Maria Petroleum, Inc. from 2004 to July 4, 2011 and Pinetree Capital Ltd. since October 7, 2005. Mr. Patricio served as an Independent Director at Plateau Uranium Inc. from April 7, 2014 to March 10, 2016. He served as an Independent Director of X-Terra Resources Corporation from July 2008 to May 2012. Mr. Patricio served as a Director at Mooncor Oil & Gas Corp. from July 26, 2011 to September 21, 2012. He served as a Director of Southampton Ventures Inc. from 2004 to January 2008 and Vesta Capital Corp. since July 2009. Mr. Patricio served as a Director of DXI Energy Inc. from October 17, 2008 to September 21, 2012. He served as a Director of Quetzal Energy Ltd. from 2004 to July 4, 2011. Mr. Patricio has been Director at Hydro66 Holdings Corp. since June 8, 2018. He practiced law at Oslers LLP, where he focused on mergers and acquisitions, securities law and general corporate transactions. He served as a Lawyer with a Toronto-based law firm. He is a lawyer qualified to practice in the Province of Ontario. He was called to the Ontario bar in 2000. Mr. Patricio holds an LLB from Osgoode Hall Law School at York University.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Richard's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Mega Uranium management team in years:

5
Average Tenure
48
Average Age
  • The average tenure for the Mega Uranium management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Patricio

TITLE
President & CEO
COMPENSATION
CA$379K
AGE
45
TENURE
5 yrs

Carm Marrelli

TITLE
Chief Financial Officer
COMPENSATION
CA$95K
AGE
48
TENURE
4.3 yrs

Richard Homsany

TITLE
Executive Vice President of Australia
COMPENSATION
CA$810K
AGE
49
TENURE
9.9 yrs

Wendy Warhaft

TITLE
General Counsel
Board of Directors Tenure

Average tenure and age of the Mega Uranium board of directors in years:

14.2
Average Tenure
63
Average Age
  • The average tenure for the Mega Uranium board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Albert Contardi

TITLE
Independent Chairman of the Board
COMPENSATION
CA$87K
TENURE
3.2 yrs

Larry Goldberg

TITLE
Independent Director
COMPENSATION
CA$84K
AGE
63
TENURE
4 yrs

Douglas Reeson

TITLE
Independent Director
COMPENSATION
CA$69K
AGE
69
TENURE
18.2 yrs

Stewart Taylor

TITLE
Independent Director
COMPENSATION
CA$64K
TENURE
14.2 yrs

Arno Johannson

TITLE
Independent Director
COMPENSATION
CA$74K
AGE
49
TENURE
15.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Mega Uranium's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mega Uranium has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Breaking Down Mega Uranium Ltd's (TSE:MGA) Ownership Structure

In this article, I will take a quick look at Mega Uranium Ltd’s (TSE:MGA) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for Mega Uranium

Simply Wall St -

Oil & Gas Industry Trends And Its Impact On Mega Uranium Ltd (TSX:MGA)

However, energy-sector analysts are forecasting for the entire industry, negative growth in the upcoming year. … However, recently the sector saw a reversal in the downturn, and in the previous year, the industry saw growth in the teens, though still underperforming the wider Canadian stock market. … If your initial investment thesis is around the growth prospects of MGA, there are other oil and gas companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Company Info

Description

Mega Uranium Ltd. engages in the mineral exploration and development of uranium properties primarily in Australia and Canada. Its principal properties include the Ben Lomond and Georgetown (Maureen) projects located in Queensland; and the Redport gold properties in Western Australia. The company was formerly known as Maple Minerals Corp. and changed its name to Mega Uranium Ltd. in October 2005. Mega Uranium Ltd. was incorporated in 1990 and is headquartered in Toronto, Canada.

Details
Name: Mega Uranium Ltd.
MGA
Exchange: TSX
Founded: 1990
CA$21,215,421
326,391,094
Website: http://www.megauranium.com
Address: Mega Uranium Ltd.
217 Queen Street West,
Suite 401,
Toronto,
Ontario, M5V 0R2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MGA Common Shares The Toronto Stock Exchange CA CAD 28. May 1986
OTCPK MGAF.F Common Shares Pink Sheets LLC US USD 28. May 1986
DB M6J Common Shares Deutsche Boerse AG DE EUR 28. May 1986
Number of employees
Current staff
Staff numbers
2
Mega Uranium employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 01:45
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.