Miramont Resources Corp., a mineral exploration company, focuses on acquisition, exploration, and evaluation of mineral properties in Canada and Peru.
The last earnings update was 65 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Miramont Resources. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Miramont Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Miramont Resources 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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Miramont Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Miramont Resources's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Miramont Resources's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Miramont Resources is high growth as no earnings estimate data is available.
Unable to determine if Miramont Resources 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.
Miramont Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Miramont Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Miramont Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Miramont Resources has no long term commitments.
This treemap shows a more detailed breakdown of
Miramont Resources'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Miramont Resources has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Tyson King has been President and Chief Executive Officer of Miramont Resources Corp. since April 10, 2019. Mr. King is a co-founder of Miramont and has served in senior management roles since its inception. He is responsible for the day-to-day operations and management. He has been the President and Chief Executive Officer at Nevado Resources Corporation since November 15, 2018. Mr. King serves as Vice President of Operations at Declan Resources Inc. Mr. King has experience in the management of junior companies within the commodities and natural resource sector. He has been actively engaged in overseeing the day - to - day operations of numerous companies where he specialized in marketing and corporate development. Mr. King also served as Vice President at Miramont Resources Corp. since September 18, 2017 and has been its Director since July 15, 2015. Mr. King served as Senior Vice President of Operations at Declan Resources Inc., since June 2012. Mr. King Co-founded Talos Minerals and served as its Director. He has been a Director of Smartset Services Inc. since January 2020. He has been Director of Nevado Resources Corporation since September 19, 2018. He served as a Director of Declan Resources Inc. since December 17, 2015 until June 1, 2017. He graduated with a Degree of BA in Economics from the University of Calgary.
Tyson's compensation has increased whilst company is loss making.
Tyson's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Miramont Resources management team is less than 2 years, this suggests a new team.
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Miramont Resources board of directors is about average.
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Investors Who Bought Miramont Resources (CNSX:MONT) Shares A Year Ago Are Now Down 50%
View our latest analysis for Miramont Resources With zero revenue generated over twelve months, we don't think that Miramont Resources has proved its business plan yet. … We'd venture that shareholders are concerned about the need for more capital, because the share price has dropped 50% in the last year. … A Different Perspective While Miramont Resources shareholders are down 50% for the year, the market itself is up 0.07%.
How Much Of Miramont Resources Corp (CNSX:MONT) Do Insiders Own?
Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … View our latest analysis for Miramont Resources
Who Are The Major Shareholders In Miramont Resources Corp (CNSX:MONT)?
Today, I will be analyzing Miramont Resources Corp’s (CNSX:MONT) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine MONT's ownership structure in more detail.
Miramont Resources Corp., a mineral exploration company, focuses on acquisition, exploration, and evaluation of mineral properties in Canada and Peru. It holds options to acquire 100% interests in the Cerro Hermoso and Lukkacha projects located in the Puno and Tacna region of Southern Peru. The company explores for gold, silver, and copper deposits. The company was formerly known as Miramont Capital Corp. and changed its name to Miramont Resources Corp. in November 2016. Miramont Resources Corp. was founded in 2015 and is headquartered in Vancouver, Canada.
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