Mcewen Mining Inc.

Basic Materials
Precious Metals
www.mcewenmining.com

Earnings Score
Moat Score

Market Cap $414.29M
PE -9
Debt $52.00M
Cash $13.69M
EV $452.60M
FCF -

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$43.69M
EBIT	-$46.74M
ROE	-9%
ROA	-7%
Equity	$494.98M
Growth Stability	1
PE	-9.48
PEG	-12.58
PB	0.84
P/S	2.37
Price/Cash	0.03
Debt/Equity	0.11
Net Margins	-25%
Gross Margins	18%
Op. Margins	-27%
Earnings CAGR	3%
Sales Growth YoY	-43%
Sales Growth QoQ	-36%
Sales CAGR	12%
FCF CAGR	-0%
Equity CAGR	-0%
Earnings Stability	0.1
Earnings Growth YoY	-106%

Earnings Growth QoQ	296%
Earnings CAGR 5Y	1%
Sales CAGR 5Y	11%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	20%
Sales CAGR 3Y	20%
Equity CAGR 3Y	12%
Market Cap	$414.29M
Revenue	$174.48M
Assets	$664.62M
Total Debt	$52.00M
Cash	$13.69M
Shares Outstanding	51.02M
EV	452.6M
Earnings Score	7%
Moat Score	4%
Working Capital	-6.5M
Current Ratio	0.86
Gross Profit	$30.94M
Shares Growth 3y	3%
Equity Growth QoQ	-1%
Equity Growth YoY	-1%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver, each comprising roughly half of total sales. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and majority of silver production, is produced by the San Jose mine.

SEC Filings

Direct access to Mcewen Mining Inc. (MUX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Mcewen Mining Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Mcewen Mining Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 10%

loading chart...

Mcewen Mining Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Mcewen Mining Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-28%	35%	-16%	-35%	-51%	-145%	-42%	-78%	20%	-25%	-25%
ROA	-	3%	-4%	-8%	-10%	-31%	-12%	-15%	10%	-7%	-7%
ROE	-	5%	-2%	-9%	-12%	-42%	-15%	-24%	7%	-9%	-9%

Bad Net Margins (-25.04%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-0	-1	-	-	-	-	-	-	-
Debt over Equity	-	-	0	0.13	0.05	0.13	0.13	0.21	0.08	0.11	0.11
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.11)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-17%	12%	90%	-9%	-10%	30%	-19%	51%	5%	11%
Earnings YoY growth	-	-203%	-151%	322%	33%	155%	-63%	51%	-139%	-232%	1%
Equity YoY growth	-	6%	18%	-7%	3%	-27%	7%	-9%	41%	-1%	7%
FCF YoY growth	-	62%	-185%	202%	-	-	-	-	-	-	-