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Minera IRL

CNSX:MIRL
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIRL
CNSX
$25M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Minera IRL Limited, together with its subsidiaries, engages in mining, extracting, and exploring of precious metals in Latin America. The last earnings update was 37 days ago. More info.


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  • Minera IRL has significant price volatility in the past 3 months.
MIRL Share Price and Events
7 Day Returns
82.4%
CNSX:MIRL
-0.4%
CA Metals and Mining
1.2%
CA Market
1 Year Returns
138.5%
CNSX:MIRL
18.6%
CA Metals and Mining
-0.4%
CA Market
MIRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minera IRL (MIRL) 82.4% 55% 82.4% 138.5% - -
CA Metals and Mining -0.4% -0.5% 6.3% 18.6% -15.9% -3.2%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • MIRL outperformed the Metals and Mining industry which returned 18.6% over the past year.
  • MIRL outperformed the Market in Canada which returned -0.4% over the past year.
Price Volatility
MIRL
Industry
5yr Volatility vs Market

MIRL Value

 Is Minera IRL 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
Here we compare the current share price of Minera IRL to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Minera IRL.

CNSX:MIRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:MIRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.001 (1 + (1- 29.5%) (368.06%))
2.741
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for CNSX:MIRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minera IRL is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

CNSX:MIRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.87%)
2020 1.29 Est @ -16.05% 1.13
2021 1.15 Est @ -10.65% 0.89
2022 1.07 Est @ -6.87% 0.73
2023 1.03 Est @ -4.22% 0.61
2024 1.00 Est @ -2.37% 0.52
2025 0.99 Est @ -1.08% 0.45
2026 0.99 Est @ -0.17% 0.40
2027 0.99 Est @ 0.47% 0.35
2028 1.00 Est @ 0.91% 0.31
2029 1.02 Est @ 1.22% 0.28
Present value of next 10 years cash flows $5.00
CNSX:MIRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1.02 × (1 + 1.95%) ÷ (13.87% – 1.95%)
$8.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8.68 ÷ (1 + 13.87%)10
$2.37
CNSX:MIRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5.00 + $2.37
$7.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7.37 / 231.14
$0.03
CNSX:MIRL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in CNSX:MIRL represents 1.49038x of BVL:MIRL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.49038x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.03 x 1.49038
CA$0.05
Value per share (CAD) From above. CA$0.05
Current discount Discount to share price of CA$0.16
= -1 x (CA$0.16 - CA$0.05) / CA$0.05
-226.2%

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

  • The current share price of Minera IRL is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Minera IRL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minera IRL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MIRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.02
BVL:MIRL Share Price ** BVL (2019-09-19) in USD $0.1
Canada Metals and Mining Industry PE Ratio Median Figure of 100 Publicly-Listed Metals and Mining Companies 13.9x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

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

** Primary Listing of Minera IRL.

CNSX:MIRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BVL:MIRL Share Price ÷ EPS (both in USD)

= 0.1 ÷ -0.02

-4.34x

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

  • Minera IRL is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Minera IRL is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Minera IRL's expected growth come at a high price?
Raw Data
CNSX:MIRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 32 Publicly-Listed Metals and Mining Companies 0.98x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*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 Minera IRL, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Minera IRL's assets?
Raw Data
CNSX:MIRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.28
BVL:MIRL Share Price * BVL (2019-09-19) in USD $0.1
Canada Metals and Mining Industry PB Ratio Median Figure of 1,097 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:MIRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BVL:MIRL Share Price ÷ Book Value per Share (both in USD)

= 0.1 ÷ 0.28

0.38x

* Primary Listing of Minera IRL.

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

  • Minera IRL is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Minera IRL'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Minera IRL has a total score of 1/6, 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.

MIRL Future Performance

 How is Minera IRL 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 Minera IRL 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
34.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minera IRL expected to grow at an attractive rate?
  • Unable to compare Minera IRL's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Minera IRL's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Minera IRL's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MIRL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.6%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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
CNSX:MIRL 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:MIRL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 29 4 -6
2019-03-31 28 4 -6
2018-12-31 29 4 -6
2018-09-30 29 5 0
2018-06-30 29 6 -1
2018-03-31 30 8 1
2017-12-31 31 6 1
2017-09-30 31 6 -8
2017-06-30 31 5 -9
2017-03-31 30 1 -9
2016-12-31 29 2 -10
2016-09-30 29 2 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Minera IRL is high growth as no earnings estimate data is available.
  • Unable to determine if Minera IRL 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
CNSX:MIRL 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 Minera IRL Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MIRL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.03
2018-12-31 -0.03
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.03
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.05
2016-09-30 -0.06

*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 Minera IRL will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MIRL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Minera IRL'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 Materials companies here
  3. Minera IRL'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 Minera IRL'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.
Minera IRL 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.

MIRL Past Performance

  How has Minera IRL 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 Minera IRL's growth in the last year to its industry (Metals and Mining).
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.
  • Minera IRL does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Minera IRL's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Minera IRL's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Minera IRL'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 Minera IRL Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MIRL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 28.56 -5.60 4.54
2019-03-31 28.44 -6.38 5.29
2018-12-31 28.94 -5.98 5.52
2018-09-30 28.54 -0.42 5.57
2018-06-30 28.89 -0.55 5.95
2018-03-31 29.86 0.74 5.07
2017-12-31 30.74 0.81 5.04
2017-09-30 30.94 -7.56 5.34
2017-06-30 31.29 -8.59 6.16
2017-03-31 30.24 -9.48 6.49
2016-12-31 29.16 -10.41 6.48
2016-09-30 29.38 -12.72 8.27
2016-06-30 27.41 -12.40 7.81
2016-03-31 27.72 -15.76 9.26
2015-12-31 27.58 -15.09 9.46
2015-09-30 27.31 -16.47 7.45
2015-06-30 28.73 -17.80 7.81
2015-03-31 28.88 -12.32 6.62
2014-12-31 29.87 -11.80 6.81
2014-09-30 30.34 -23.81 7.63
2014-06-30 31.57 -20.96 7.63
2014-03-31 34.06 -34.21 8.21
2013-12-31 35.71 -20.14 8.10
2013-09-30 39.10 -2.31 8.52
2013-06-30 43.12 0.54 8.61
2013-03-31 44.16 0.53 9.95
2012-12-31 45.99 3.33 10.06
2012-09-30 47.21 5.71 9.34

*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 Minera IRL has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Minera IRL used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Minera IRL 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 Minera IRL'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 Metals and Mining 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.
Minera IRL 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.

MIRL Health

 How is Minera IRL'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 Minera IRL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minera IRL's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Minera IRL's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Minera IRL'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 not covered by short term assets, assets are 0.1x 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 Minera IRL Company Filings, last reported 2 months ago.

CNSX:MIRL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 63.81 86.22 1.65
2019-03-31 65.85 84.60 1.83
2018-12-31 68.07 82.99 2.30
2018-09-30 67.59 81.35 2.71
2018-06-30 69.41 79.71 2.89
2018-03-31 72.23 78.11 2.34
2017-12-31 74.05 76.48 3.28
2017-09-30 68.00 74.44 4.21
2017-06-30 69.96 73.12 4.15
2017-03-31 71.49 70.30 1.58
2016-12-31 73.24 69.19 6.86
2016-09-30 75.56 68.09 5.35
2016-06-30 78.55 67.00 8.47
2016-03-31 80.97 66.81 11.20
2015-12-31 83.65 65.73 15.58
2015-09-30
2015-06-30 90.95 63.91 23.17
2015-03-31 98.30 42.63 3.81
2014-12-31 98.30 42.63 3.81
2014-09-30 103.15 41.84 5.43
2014-06-30 106.82 26.87 2.77
2014-03-31 138.23 30.13 6.38
2013-12-31 132.03 47.01 3.39
2013-09-30 147.41 20.00 1.28
2013-06-30 161.53 20.00 4.93
2013-03-31 161.79 20.00 6.47
2012-12-31 149.00 20.00 6.25
2012-09-30 148.79 10.00 10.45
  • Minera IRL's level of debt (135.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.3% vs 135.1% today).
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.

  • Whilst loss making Minera IRL has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Minera IRL has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -65.1% per year.
X
Financial health checks
We assess Minera IRL'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. Minera IRL has a total score of 3/6, 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.

MIRL Dividends

 What is Minera IRL'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 Minera IRL dividends.
If you bought CA$2,000 of Minera IRL 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 Minera IRL's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Minera IRL'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
CNSX:MIRL 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

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 Minera IRL has not reported any payouts.
  • Unable to verify if Minera IRL's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Minera IRL's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Minera IRL 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 Minera IRL's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Minera IRL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minera IRL 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.

MIRL Management

 What is the CEO of Minera IRL'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
Diego F. H. P. Benavides Norlander
COMPENSATION $526,000
AGE 66
TENURE AS CEO 2.8 years
CEO Bio

Dr. Diego Francisco Helge Pablo Christian Benavides Norlander has been Chief Executive Officer of Minera IRL Limited since December 5, 2016. Dr. Norlander served as the President of Minera IRL SA at Minera IRL Limited. He served as the Interim Chief Executive Officer of Minera IRL Limited from May 05, 2015 to August 2015. Dr. Norlander was responsible for corporate, legal and community activities at Minera IRL. He is a Lawyer by training with particular experience in the Latin American mining industry. His previous experience includes positions with Minera Mount ISA Peru SA, Minera Newcrest Peru SA and as a Consultant to Minera Phelps Dodge Del Peru SA. He has been anExecutive Director of Minera IRL Limited since December 5, 2016.

CEO Compensation
  • Diego F. H. P.'s compensation has increased whilst company is loss making.
  • Insufficient data for Diego F. H. P. to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Minera IRL management team in years:

3.3
Average Tenure
  • The tenure for the Minera IRL management team is about average.
Management Team

Gerardo Perez Delgado

TITLE
Executive Chairman of the Board
COMPENSATION
$180K
AGE
48

Diego F. H. P. Benavides Norlander

TITLE
CEO & Executive Director
COMPENSATION
$526K
AGE
66
TENURE
2.8 yrs

Carlos Ruiz de Castilla

TITLE
Chief Financial Officer
COMPENSATION
$216K
TENURE
3.3 yrs

Magaly Villena

TITLE
Vice President of Corporate Communication & Social Responsibility
COMPENSATION
$182K
TENURE
3.7 yrs

Marco Arevalo Garland

TITLE
General Counsel
Board of Directors Tenure

Average tenure of the Minera IRL board of directors in years:

2.8
Average Tenure
  • The average tenure for the Minera IRL board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gerardo Perez Delgado

TITLE
Executive Chairman of the Board
COMPENSATION
$180K
AGE
48
TENURE
2.8 yrs

Diego F. H. P. Benavides Norlander

TITLE
CEO & Executive Director
COMPENSATION
$526K
AGE
66
TENURE
2.8 yrs

Mike Iannacone

TITLE
Independent Director
COMPENSATION
$48K
TENURE
2.8 yrs

Jesus Armando Lema Hanke

TITLE
Independent Non-Executive Director
COMPENSATION
$45K
TENURE
1.9 yrs

Santiago Gualberto Valverde Espinoza

TITLE
Independent Non-Executive Director
COMPENSATION
$9K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Minera IRL'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. Minera IRL 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.

MIRL News

Simply Wall St News

MIRL Company Info

Description

Minera IRL Limited, together with its subsidiaries, engages in mining, extracting, and exploring of precious metals in Latin America. The company engages in gold exploration. Its flagship asset is the Ollachea Gold project located in the Puno Region of southern Peru. The company was formerly known as Goldmin Holdings and changed its name to Minera IRL Limited in October 2006. Minera IRL Limited was incorporated in 2003 is headquartered in Lima, Peru.

Details
Name: Minera IRL Limited
MIRL
Exchange: CNSX
Founded: 2003
$33,697,846
231,135,028
Website: http://www.minera-irl.com
Address: Minera IRL Limited
Av Santa Cruz 830,
Piso 4,
Lima,
Lima, 18,
Peru
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BVL MIRL Ordinary Shares Bolsa de Valores de Lima PE USD 12. Apr 2007
OTCPK MRLL.F Ordinary Shares Pink Sheets LLC US USD 12. Apr 2007
CNSX MIRL Ordinary Shares Canadian National Stock Exchange CA CAD 12. Apr 2007
Number of employees
Current staff
Staff numbers
353
Minera IRL employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:26
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.