Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

I-Minerals

TSXV:IMA
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

I-Minerals Inc. engages in the development of mineral properties in the United States. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • I-Minerals has significant price volatility in the past 3 months.
IMA Share Price and Events
7 Day Returns
20%
TSXV:IMA
3.6%
CA Metals and Mining
1.4%
CA Market
1 Year Returns
-68.4%
TSXV:IMA
-8.7%
CA Metals and Mining
-24.8%
CA Market
IMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
I-Minerals (IMA) 20% -25% -40% -68.4% -93.6% -84.2%
CA Metals and Mining 3.6% -11.6% -13.2% -8.7% -19.5% 6.3%
CA Market 1.4% -19.2% -24.9% -24.8% -22.4% -17%
1 Year Return vs Industry and Market
  • IMA underperformed the Metals and Mining industry which returned -8.7% over the past year.
  • IMA underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
IMA
Industry
5yr Volatility vs Market

IMA Value

 Is I-Minerals 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.

In this section, we usually try to help investors determine whether I-Minerals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as I-Minerals has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for I-Minerals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.03.
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 I-Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are I-Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:IMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $-0.05
TSXV:IMA Share Price ** TSXV (2020-04-06) in CAD CA$0.03
TSXV:IMA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.708 $0.02
Canada Metals and Mining Industry PE Ratio Median Figure of 79 Publicly-Listed Metals and Mining Companies 12.79x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.33x

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

** Primary Listing of I-Minerals.

TSXV:IMA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:IMA Share Price ÷ EPS (both in USD)

= 0.02 ÷ -0.05

-0.39x

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

  • I-Minerals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • I-Minerals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does I-Minerals's expected growth come at a high price?
Raw Data
TSXV:IMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.39x
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 39 Publicly-Listed Metals and Mining Companies 0.57x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*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 I-Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on I-Minerals's assets?
Raw Data
TSXV:IMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $-0.28
TSXV:IMA Share Price * TSXV (2020-04-06) in CAD CA$0.03
TSXV:IMA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.708 $0.02
Canada Metals and Mining Industry PB Ratio Median Figure of 1,054 Publicly-Listed Metals and Mining Companies 1.17x
Canada Market PB Ratio Median Figure of 2,359 Publicly-Listed Companies 0.99x
TSXV:IMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:IMA Share Price ÷ Book Value per Share (both in USD)

= 0.02 ÷ -0.28

-0.08x

* Primary Listing of I-Minerals.

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

  • I-Minerals has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of IMA’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. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through I-Minerals's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess I-Minerals'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. I-Minerals 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.

IMA Future Performance

 How is I-Minerals 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 I-Minerals 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
12.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is I-Minerals expected to grow at an attractive rate?
  • Unable to compare I-Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare I-Minerals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare I-Minerals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:IMA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
TSXV:IMA 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.
TSXV:IMA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 -2 -5
2019-10-31 -2 -5
2019-07-31 -2 -4
2019-04-30 -1 -4
2019-01-31 -1 -3
2018-10-31 -1 -3
2018-07-31 -1 -3
2018-04-30 -1 -3
2018-01-31 -2 -3
2017-10-31 -2 -4
2017-07-31 -2 -4
2017-04-30 -2 -5

*GAAP earnings excluding extraordinary items.

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

TSXV:IMA Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 -0.05
2019-10-31 -0.05
2019-07-31 -0.05
2019-04-30 -0.04
2019-01-31 -0.04
2018-10-31 -0.04
2018-07-31 -0.03
2018-04-30 -0.03
2018-01-31 -0.04
2017-10-31 -0.04
2017-07-31 -0.05
2017-04-30 -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 I-Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of IMA’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. I-Minerals'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. I-Minerals'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 I-Minerals'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.
I-Minerals 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.

IMA Past Performance

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

TSXV:IMA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 -5.10 0.66
2019-10-31 -4.72 0.73
2019-07-31 -4.14 0.79
2019-04-30 -3.71 0.88
2019-01-31 -3.45 1.03
2018-10-31 -3.19 0.98
2018-07-31 -2.92 0.94
2018-04-30 -2.68 0.94
2018-01-31 -3.35 0.95
2017-10-31 -3.80 0.62
2017-07-31 -4.43 0.78
2017-04-30 -5.26 0.96
2017-01-31 -4.59 0.93
2016-10-31 -4.40 1.30
2016-07-31 -4.34 1.27
2016-04-30 -4.60 1.17
2016-01-31 -5.66 1.20
2015-10-31 -5.13 1.50
2015-07-31 -3.72 1.53
2015-04-30 -2.01 1.45
2015-01-31 -1.66 1.32
2014-10-31 -2.16 1.03
2014-07-31 -5.03 0.82
2014-04-30 -6.07 0.73
2014-01-31 -5.12 0.88
2013-10-31 -4.49 0.72
2013-07-31 -2.09 0.68
2013-04-30 -1.15 0.62

*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 I-Minerals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if I-Minerals has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if I-Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess I-Minerals'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.
I-Minerals 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.

IMA Health

 How is I-Minerals'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 I-Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • I-Minerals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • I-Minerals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of I-Minerals'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.
  • High level of physical assets or inventory.
  • I-Minerals has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 I-Minerals Company Filings, last reported 2 months ago.

TSXV:IMA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 -25.90 26.99 0.14
2019-10-31 -24.54 24.78 0.03
2019-07-31 -23.15 24.31 0.08
2019-04-30 -21.92 22.69 0.24
2019-01-31 -20.81 22.38 0.53
2018-10-31 -20.04 20.48 0.24
2018-07-31 -19.27 19.74 0.17
2018-04-30 -18.57 18.24 0.21
2018-01-31 -17.74 17.76 0.23
2017-10-31 -17.08 16.18 0.05
2017-07-31 -16.55 15.56 0.05
2017-04-30 -15.98 14.31 0.29
2017-01-31 -14.51 13.67 0.41
2016-10-31 -13.65 12.63 0.38
2016-07-31 -12.57 11.30 0.40
2016-04-30 -11.47 10.46 0.13
2016-01-31 -10.67 9.83 0.21
2015-10-31 -10.31 9.36 0.86
2015-07-31 -9.30 8.33 0.79
2015-04-30 -8.21 6.98 0.27
2015-01-31 -6.40 5.70 0.06
2014-10-31 6.74 5.06 0.42
2014-07-31 5.89 4.63 0.53
2014-04-30 -7.19 4.35 0.60
2014-01-31 6.08 3.90 0.54
2013-10-31 6.16 3.05 0.14
2013-07-31 7.16 2.86 0.39
2013-04-30 8.04 2.22 0.04
  • I-Minerals has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if I-Minerals's debt level has increased considering it has negative shareholder equity.
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.

  • I-Minerals has less than a year of cash runway based on current free cash flow.
  • I-Minerals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.8% each year.
X
Financial health checks
We assess I-Minerals'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. I-Minerals has a total score of 1/6, 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.

IMA Dividends

 What is I-Minerals'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 I-Minerals dividends.
If you bought CA$2,000 of I-Minerals 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 I-Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate I-Minerals'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
TSXV:IMA 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 27 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 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 I-Minerals has not reported any payouts.
  • Unable to verify if I-Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of I-Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as I-Minerals 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 I-Minerals'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 I-Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. I-Minerals 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.

IMA Management

 What is the CEO of I-Minerals'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
John Theobald
COMPENSATION $235,090
AGE 62
TENURE AS CEO 2.2 years
CEO Bio

Mr. John Theobald, BSc, BA, CEng, FIMMM, FGS, MIoD has been President and Chief Executive Officer of I-Minerals Inc. since February 26, 2018. He served as the Director of Max Resource Corporation since April 9, 2018 until October 17, 2019. Mr. Theobald has been Senior Advisor at High Peak Royalties Limited since July 1, 2016. Mr. Theobald has over thirty-five years in the international mining industry and has been involved with exploration, business development, operations, investments and capital markets. From 1999 to 2008, he held a number of senior positions with Sibelco, where he gained significant experience of kaolin, feldspar, clay and quartz markets and operations. Mr. Theobaldwas served as the Chief Executive Officer of Anglo Pacific Group plc from October 2010 to October 21, 2013 and served as its Chief Operating Officer since April 2008. He instrumental in the successful acquisition of a wide range of royalty interests and strategic investments including Anglo Pacific’s strategic investment in Phoenix in July 2012. He served as an Operations Director for SCR-Sibelco NV, a major industrial minerals group. During his career, he has been involved in the exploration for and development of gold, base metals, coal and industrial mineral deposits in Eastern Europe, CIS, Turkey, Africa and Western Europe. He held various senior positions with Iscor Mining. He has held senior positions with a wide variety of major and junior mining companies including Anglo American Corporation of South Africa Ltd (now Anglo American plc), Phelps Dodge, Antares Mining & Exploration Corp., Kumba Resources and Metorex. He served as Chairman of First Coal Corporation in Canada. He has been a Director of I-Minerals Inc. since July 21, 2016. He served as a Non-Executive Director of High Peak Royalties Limited from May 1, 2014 to May 23, 2016. He served as a Director of Anglo Pacific Group plc from June 22, 2009 to October 21, 2013. He served as a Director of Maudore Minerals Ltd. from October 2009 to October 18, 2010. He served as a Director of ATNA Resources Ltd. from October 2009 to August 2010. He served as a Director of Petro One Energy Corp. (also known as, Cloudbreak Resources Ltd) from February 27, 2007 to February 8, 2008. Mr. Theobaldis a Qualified Geologist. He is a Fellow of the Institute of Materials, Minerals and Mining, Fellow of the Geological Society of London and a Member of the Institute of Directors (UK). He is a Member of Australasian Institute of Mining and Metallurgy, Society for Mining, Metallurgy and Exploration and the Canadian Institute of Mining, Metallurgy and Petroleum. Mr. Theobald holds a BSc with honors in Geology from the University of Nottingham and is qualified as a Chartered Engineer with the U.K. Engineering Council.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the I-Minerals management team in years:

4.4
Average Tenure
60
Average Age
  • The tenure for the I-Minerals management team is about average.
Management Team

John Theobald

TITLE
President
COMPENSATION
$235K
AGE
62
TENURE
2.2 yrs

Matt Anderson

TITLE
Chief Financial Officer
COMPENSATION
$20K
AGE
36
TENURE
8.8 yrs

W. Girling

TITLE
Senior VP & Director
COMPENSATION
$96K
AGE
60
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the I-Minerals board of directors in years:

6.3
Average Tenure
62
Average Age
  • The tenure for the I-Minerals board of directors is about average.
Board of Directors

Allen Ball

TITLE
Chairman of the Board
AGE
74
TENURE
4.4 yrs

John Theobald

TITLE
President
COMPENSATION
$235K
AGE
62
TENURE
3.8 yrs

W. Girling

TITLE
Senior VP & Director
COMPENSATION
$96K
AGE
60
TENURE
18.1 yrs

Wayne Moorhouse

TITLE
Independent Director
COMPENSATION
$14K
AGE
55
TENURE
6.3 yrs

J. Childress

TITLE
Independent Director
COMPENSATION
$6K
AGE
71
TENURE
6.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
08. Nov 19 Buy W. Girling Individual 05. Nov 19 06. Nov 19 100,000 CA$0.04 CA$3,955
06. Nov 19 Buy W. Girling Individual 05. Nov 19 06. Nov 19 100,000 CA$0.04 CA$3,638
25. Sep 19 Buy RJG Capital Corporation Company 24. Sep 19 24. Sep 19 100,000 CA$0.05 CA$5,300
23. Sep 19 Buy RJG Capital Corporation Company 23. Sep 19 23. Sep 19 100,000 CA$0.05 CA$5,000
X
Management checks
We assess I-Minerals'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. I-Minerals 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.

IMA News

Simply Wall St News

Those Who Purchased I-Minerals (CVE:IMA) Shares Three Years Ago Have A 76% Loss To Show For It

Some I-Minerals investors have already had a taste of the bitterness stocks like this can leave in the mouth. … But since the share price has dived -38% per year, over 3 years, it looks like some investors think it's time to abandon ship, so to speak. … If you would like to research I-Minerals in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

How Does I-Minerals Inc. (CVE:IMA) Affect Your Portfolio Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Does I-Minerals Inc (CVE:IMA) Have A Particularly Volatile Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

How Does Investing In I-Minerals Inc (CVE:IMA) Impact Your Portfolio?

The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Why You Need To Look At This Factor Before Buying I-Minerals Inc (CVE:IMA)

If you are looking to invest in I-Minerals Inc’s (TSXV:IMA), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … IMA, with its market capitalisation of CA$22.01M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … I examine IMA’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

Simply Wall St -

Who Are The Largest Shareholders In I-Minerals Inc (CVE:IMA)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership in IMA is not at a level that would concern investors.

Simply Wall St -

Should You Have I-Minerals Inc's (CVE:IMA) In Your Portfolio?

IMA, with its market capitalisation of CA$27.74M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … Therefore, this is a type of risk which is associated with higher beta. … As a result, this aspect of IMA indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Who Are The Major Shareholders In I-Minerals Inc (CVE:IMA)?

See our latest analysis for I-Minerals TSXV:IMA Ownership_summary Dec 14th 17 Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in IMA should also look at another important group of investors: private companies, with a stake of 0.71%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

What Did I-Minerals Inc's (TSXV:IMA) CEO Take Home Last Year?

Earnings is a powerful indication of IMA's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Conway's performance in the past year. … Normally I would look at market cap and earnings as a proxy for performance, however, IMA's negative earnings reduces the effectiveness of this method.

Simply Wall St -

Are You Backing The Right Horse With I-Minerals Inc (TSXV:IMA)?

TSXV:IMA PE PEG Gauge Nov 17th 17 The metals and mining industry is trading at a PE ratio of 11x, below the broader Canadian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of IMA, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

Simply Wall St -

IMA Company Info

Description

I-Minerals Inc. engages in the development of mineral properties in the United States. It develops potassium-feldspar, quartz, halloysite, and kaolin and metakaolin deposits. The company holds a 100% interest in the Helmer-Bovill property comprising 11 mineral leases that covers an area of 5,140.64 acres located in northwest of Bovill, Latah County, Idaho. I-Minerals Inc. was founded in 1984 and is headquartered in Vancouver, Canada.

Details
Name: I-Minerals Inc.
IMA
Exchange: TSXV
Founded: 1984
CA$2,811,906
93,730,212
Website: http://www.imineralsinc.com
Address: I-Minerals Inc.
580 Hornby Street,
Suite 880,
Vancouver,
British Columbia, V6C 3B6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV IMA Common Shares TSX Venture Exchange CA CAD 16. Mar 1994
OTCPK IMAH.F Common Shares Pink Sheets LLC US USD 16. Mar 1994
DB 6IM Common Shares Deutsche Boerse AG DE EUR 16. Mar 1994
Number of employees
Current staff
Staff numbers
4
I-Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:57
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/03/13
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.