International Tower Hill Mines Ltd (NYSE: THM)

Sector: Basic Materials Industry: Gold CIK: 0001134115
Market Cap 453.82 Mn
P/B 7.88
P/E -106.00
P/S 0.00
ROIC (Qtr) -7.34
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Tangible assets of 57.86M provide robust 262.50x coverage of other current liabilities 220420, indicating strong asset backing.
  • Robust tangible asset base of 57.86M provides 26.58x coverage of working capital 2.18M, indicating strong operational backing.
  • Strong cash position of 2.28M provides 10.33x coverage of other current liabilities 220420, indicating excellent liquidity.
  • Cash reserves of 2.28M provide robust 7.58x coverage of current liabilities 300438, indicating strong short-term solvency.
  • Tangible assets of 57.86M provide robust 192.58x coverage of current liabilities 300438, showing strong asset backing.

Bear case

  • Investment activities of 0 provide weak support for R&D spending of 1.50M, which is 0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (3.39M) shows concerning coverage of stock compensation expenses of 795628, with a -4.26 ratio indicating potential earnings quality issues.
  • Operating cash flow of (3.39M) barely covers operating expenses of 348003 with a -9.74 ratio, suggesting thin operational efficiency margins and limited flexibility.
  • Retained earnings of (276.49M) provide limited buffer against comprehensive income items of 1.59M, which is -174.29x, indicating elevated exposure to market risks.
  • High financing cash flow of 3.81M relative to working capital of 2.18M, which is 1.75x suggests concerning dependence on external funding for operational needs.

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 7.79 3.17
EV to Cash from Ops. EV/CFO -133.09 -11.55
EV to Debt EV to Debt 0.00 548.67
EV to EBIT EV/EBIT -105.34 12.24
EV to EBITDA EV/EBITDA -106.14 3.14
EV to Free Cash Flow [EV/FCF] EV/FCF -133.09 12.17
EV to Market Cap EV to Market Cap 0.99 1.72
EV to Revenue EV to Revenue 0.00 7.50
Price to Book Value [P/B] P/B 7.88 5.26
Price to Earnings [P/E] P/E -106.00 -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 Interest Coverage 0.00 406.21
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -97.36
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 30.44 130.91
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -27.39 518.35
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -21.82 53.19
EBIT Growth (1y) % EBIT 1y % (Qtr) -27.39 679.30
EBT Growth (1y) % EBT 1y % (Qtr) -27.39 144.05
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 224.62
FCF Growth (1y) % FCF 1y % (Qtr) -15.34 171.65
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) 7.58 3.14
Current Ratio Curr Ratio (Qtr) 8.24 4.90
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.27
Interest Cover Ratio Interest Cover Ratio 0.00 406.21
Times Interest Earned Times Interest Earned 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