Paramount Gold Nevada Corp. (NYSE: PZG)

Sector: Basic Materials Industry: Gold CIK: 0001629210
Market Cap -163.06 Mn
P/B -5.73
P/E 11.48
P/S 0.00
ROIC (Qtr) -19.19
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 11.72 Mn
Debt/Equity (Qtr) 0.41
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About

Paramount Gold Nevada Corp., or PZG, operates in the mining industry, with a specific focus on acquiring, exploring, and developing precious metals projects within the United States. The company has a significant presence in both Nevada and Oregon, where it owns exploration and development stage projects. Paramount Gold Nevada Corp.'s primary business activities revolve around the exploration and development of precious metals projects. The company's material properties include the Sleeper Gold Project in Nevada and the Grassy Mountain Project...

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Investment thesis

Bull case

  • Strong tangible asset base of 53.86M provides 4.60x coverage of total debt 11.72M, indicating robust asset backing and low credit risk.
  • Robust tangible asset base of 53.86M provides 1952.27x coverage of working capital 27588, indicating strong operational backing.
  • Tangible assets of 53.86M provide robust 15.71x coverage of other current liabilities 3.43M, indicating strong asset backing.
  • Cash reserves of 3.54M provide robust 0.86x coverage of current liabilities 4.13M, indicating strong short-term solvency.
  • Cash position of 3.54M represents healthy 128.20x of working capital 27588, demonstrating strong operational liquidity.

Bear case

  • Investment activities of (152385) provide weak support for R&D spending of 3.14M, which is -0.05x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (6.68M) shows concerning coverage of stock compensation expenses of 647602, with a -10.32 ratio indicating potential earnings quality issues.
  • Free cash flow of (6.84M) provides weak coverage of capital expenditures of 152385, with a -44.86 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (12.49M) show weak coverage of depreciation charges of 2644, with a -4723.20 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (6.68M) provides minimal -347.19x coverage of tax expenses of 19249, suggesting potential tax planning inefficiencies or unsustainable tax positions.

Peer comparison

Companies in the Gold
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AEM Agnico Eagle Mines Ltd 106.87 Bn 23.96 8.98 0.32 Bn
2 NEM NEWMONT Corp /DE/ 100.23 Bn 25.64 9.43 5.65 Bn
3 B Barrick Mining Corp 79.50 Bn 15.92 4.69 4.70 Bn
4 WPM Wheaton Precious Metals Corp. 64.59 Bn 64.49 35.29 0.01 Bn
5 FNV FRANCO NEVADA Corp 48.16 Bn 52.35 31.14 0.00 Bn
6 KGC Kinross Gold Corp 41.29 Bn 23.47 6.41 1.24 Bn
7 PAAS Pan American Silver Corp 20.44 Bn 32.24 6.28 0.86 Bn
8 AGI Alamos Gold Inc 18.08 Bn 33.57 11.23 0.28 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets -2.89 3.33
EV to Cash from Ops. EV/CFO 23.28 -11.32
EV to Debt EV to Debt -13.28 525.64
EV to EBIT EV/EBIT 12.46 17.81
EV to EBITDA EV/EBITDA 19.44 3.39
EV to Free Cash Flow [EV/FCF] EV/FCF 22.76 11.13
EV to Market Cap EV to Market Cap 0.95 1.25
EV to Revenue EV/Rev 0.00 8.35
Price to Book Value [P/B] P/B -5.73 5.92
Price to Earnings [P/E] P/E 11.48 32.90
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.59
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.12
Dividend per Basic Share Div per Share (Qtr) 0.00 0.17
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 9.95
Interest Coverage Int. cover (Qtr) -7.39 407.12
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -39.68 -96.53
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 3.86 134.81
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.81
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -98.36 487.93
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -23.54 54.68
EBIT Growth (1y) % EBIT 1y % (Qtr) -98.92 679.83
EBT Growth (1y) % EBT 1y % (Qtr) -77.73 193.12
EPS Growth (1y) % EPS 1y % (Qtr) 66.67 248.58
FCF Growth (1y) % FCF 1y % (Qtr) -12.90 147.05
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 84.36
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) 0.86 3.07
Current Ratio Curr Ratio (Qtr) 1.01 4.82
Debt to Equity Ratio Debt/Equity (Qtr) 0.41 0.28
Interest Cover Ratio Int Coverage (Qtr) -7.39 407.12
Times Interest Earned Times Interest Earned (Qtr) -7.39 407.12
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -19.62
EBIT Margin % EBIT Margin % (Qtr) 0.00 -44.48
EBT Margin % EBT Margin % (Qtr) 0.00 -34.17
Gross Margin % Gross Margin % (Qtr) 0.00 30.57
Net Profit Margin % Net Margin % (Qtr) 0.00 -40.06