GoldMining Inc. (NYSE: GLDG)

Sector: Basic Materials Industry: Gold CIK: 0001538847
Market Cap 326.08 Mn
P/B 2.54
P/E -27.01
P/S 0.00
ROIC (Qtr) -0.34
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 233,333.33
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 4.73M provide 67.23x coverage of short-term debt 70289.86, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 132.33M provides 567.15x coverage of total debt 233333.33, indicating robust asset backing and low credit risk.
  • Long-term investments of 82.25M provide solid 504.48x coverage of long-term debt 163043.48, indicating strategic financial planning.
  • Tangible assets of 132.33M provide robust 133.99x coverage of other current liabilities 987681.16, indicating strong asset backing.
  • Robust tangible asset base of 132.33M provides 30.64x coverage of working capital 4.32M, indicating strong operational backing.

Bear case

  • Operating cash flow of (15.40M) barely covers its investment activities of 1.47M, with a coverage ratio of -10.46, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 1.47M provide weak support for R&D spending of 6.32M, which is 0.23x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (15.40M) shows concerning coverage of stock compensation expenses of 1.63M, with a -9.43 ratio indicating potential earnings quality issues.
  • Operating earnings of (18.76M) show weak coverage of depreciation charges of 274637.68, with a -68.30 ratio indicating high capital intensity and potential reinvestment needs.
  • Long-term investments of 82.25M represent a high 1.90x of fixed assets 43.26M, indicating potential overexposure to financial assets versus operational capabilities.

Peer comparison

Companies in the Gold
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NEM NEWMONT Corp /DE/ 121.63 Bn 16.92 5.66 5.65 Bn
2 AEM Agnico Eagle Mines Ltd 96.06 Bn 27.86 9.09 0.34 Bn
3 B Barrick Mining Corp 82.76 Bn 23.10 5.67 4.71 Bn
4 WPM Wheaton Precious Metals Corp. 56.61 Bn 56.52 30.93 0.01 Bn
5 FNV FRANCO NEVADA Corp 44.11 Bn 47.96 28.52 0.00 Bn
6 KGC Kinross Gold Corp 38.43 Bn 21.85 5.96 1.24 Bn
7 PAAS Pan American Silver Corp 19.78 Bn 31.19 6.08 0.86 Bn
8 AGI Alamos Gold Inc 17.45 Bn 32.41 10.85 0.28 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 2.06 3.17
EV to Cash from Ops. EV/CFO -17.71 -11.55
EV to Debt EV to Debt 1,168.44 548.67
EV to EBIT EV/EBIT -14.53 12.24
EV to EBITDA EV/EBITDA -15.02 3.14
EV to Free Cash Flow [EV/FCF] EV/FCF -17.71 12.17
EV to Market Cap EV to Market Cap 0.84 1.72
EV to Revenue EV to Revenue 0.00 7.50
Price to Book Value [P/B] P/B 2.54 5.26
Price to Earnings [P/E] P/E -27.01 -1.39
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.54
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.40
Dividend per Basic Share Div per Share (Qtr) 0.00 0.17
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 10.25
Interest Coverage Int. cover (Qtr) 0.00 406.21
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -97.36
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -42.74 130.91
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 35.35 518.35
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 5.85 53.19
EBIT Growth (1y) % EBIT 1y % (Qtr) -8.23 679.30
EBT Growth (1y) % EBT 1y % (Qtr) -8.23 144.05
EPS Growth (1y) % EPS 1y % (Qtr) 46.93 224.62
FCF Growth (1y) % FCF 1y % (Qtr) 11.23 171.65
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 84.25
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.26
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 2.21 3.14
Current Ratio Curr Ratio (Qtr) 3.02 4.90
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.27
Interest Cover Ratio Int Coverage (Qtr) 0.00 406.21
Times Interest Earned Times Interest Earned (Qtr) 0.00 406.21
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -19.19
EBIT Margin % EBIT Margin % 0.00 -44.57
EBT Margin % EBT Margin % 0.00 -34.79
Gross Margin % Gross Margin % 0.00 30.59
Net Profit Margin % Net Profit Margin % 0.00 -40.44