Moneta Gold Inc. - ME.TO

ME.TO Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
ME.TO	-50.4	-47.9	-45.2	-62.5	-66.5	-76.8	-84.8	-56.2	-68.2	-89.3
S&P 500	0.4	-1.6	0.5	5.1	11.1	29.6	25.5	88.9	187.7	33272.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	ME.TO
name	Moneta Gold Inc.
price	0.63
changes percentage	1.61
change	0.01
day low	0.60
day high	0.63
year high	2.88
year low	0.60
market cap	50901480
price avg 50	1.38
price avg 200	1.81
exchange	TSX
volume	75640
avg volume	31613
open	0.61
previous close	0.62
eps	-0.34
pe	-1.85
earnings announcement	2024-03-31T20:00:00.000+0000
shares outstanding	80796000
timestamp	2024-02-08 20:54:17

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 59.0%

Overall Quarterly Financial Health: 42.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	-57528	-17617	-226.55
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	23340039	15108542	54.48
interest income	230979	68138	238.99
interest expense	-8696.38	0	NaN
ebitda	-23340040	-15086367	-54.71
ebitdaratio	0	0	NaN
operating income	-23397570	-15103984	-54.91
operating income ratio	0	0	NaN
net income	-18794019	-13544691	-38.76
net income ratio	0	0	NaN
eps	-0.19	-0.15	-26.67

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2022 from 0 million in 2021 representing a change of -226.55%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 23 million in 2022 from 15 million in 2021 representing a change of 54.48%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Earnings per Share (EPS): EPS increased to -0.19 in 2022 from -0.19 in 2021 representing a change of -26.67%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -23 million in 2022 from -15 million in 2021 representing a change of -54.71%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -23 million in 2022 from -15 million in 2021 representing a change of -54.91%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -19 million in 2022 from -14 million in 2021 representing a change of -38.76%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	-27078	100.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	4590117	7667748	-40.14
interest income	208273	295223	-29.45
interest expense	0	0	NaN
ebitda	-4563040	-7640670	40.28
ebitdaratio	0	0	NaN
operating income	4590117	7667748	-40.14
operating income ratio	0	0	NaN
net income	-4340124	-7347581	40.93
net income ratio	0	0	NaN
eps	-0.04	-0.06	40.86

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 0 million in 2023Q4 from 0 million in 2023Q3 representing a change of 100.0%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 5 million in 2023Q4 from 8 million in 2023Q3 representing a change of -40.14%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Earnings per Share (EPS): EPS increased to -0.04 in 2023Q4 from -0.04 in 2023Q3 representing a change of 40.86%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -5 million in 2023Q4 from -8 million in 2023Q3 representing a change of 40.28%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 5 million in 2023Q4 from 8 million in 2023Q3 representing a change of -40.14%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -4 million in 2023Q4 from -7 million in 2023Q3 representing a change of 40.93%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	68923967	64647709	6.61
total liabilities	9170163	9112649	0.63
total equity	59753804	55535060	7.60
cash and cash equivalents	12051713	8338170	44.54
short term investments	0	0	NaN
long term investments	0	192064	-100.00
total current assets	13072658	9113480	43.44
total non current assets	55851309	55534229	0.57
total current liabilities	8406467	7589448	10.77
total non current liabilities	763696	1523200	-49.86
common stock	162874146	144140220	13.00
retained earnings	-114245067	-98032431	-16.54
total debt	0	60000	-100.00

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 69 million in 2023 from 65 million in 2022 representing a change of 6.61%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 60 million in 2023 from 56 million in 2022 representing a change of 7.6%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 12 million in 2023 from 8 million in 2022 representing a change of 44.54%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 13 million in 2023 from 9 million in 2022 representing a change of 43.44%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 163 in 2023 from 144 in 2022 representing a change of 13.0%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2023 from 0 million in 2022 representing a change of -100.0%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 9 million in 2023 from 9 million in 2022 representing a change of 0.63%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 8 million in 2023 from 8 million in 2022 representing a change of 10.77%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -114 million in 2023 from -98 million in 2022 representing a change of -16.54%. This indicates an accumulated losses.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
total assets	68923967	75515272	-8.73
total liabilities	9170163	11874175	-22.77
total equity	59753804	63641097	-6.11
cash and cash equivalents	12051713	18469792	-34.75
short term investments	0	0	NaN
long term investments	0	192064	-100.00
total current assets	13072658	19272084	-32.17
total non current assets	55851309	56243188	-0.70
total current liabilities	8406467	10331093	-18.63
total non current liabilities	763696	1543082	-50.51
common stock	162874146	162874146	0.00
retained earnings	-114245067	-109904943	-3.95
total debt	0	60000	-100.00

Overall Score of Quarterly Balance Sheet

0.38 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 69 million in 2023Q4 from 76 million in 2023Q3 representing a change of -8.73%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 60 million in 2023Q4 from 64 million in 2023Q3 representing a change of -6.11%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 12 million in 2023Q4 from 18 million in 2023Q3 representing a change of -34.75%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 13 million in 2023Q4 from 19 million in 2023Q3 representing a change of -32.17%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -114 million in 2023Q4 from -110 million in 2023Q3 representing a change of -3.95%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 9 million in 2023Q4 from 12 million in 2023Q3 representing a change of -22.77%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 8 million in 2023Q4 from 10 million in 2023Q3 representing a change of -18.63%. This indicates a lower short-term debt burden.

  Total Debt: Total Debt decreased to 0 million in 2023Q4 from 0 million in 2023Q3 representing a change of -100.0%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	3713543	-4962451	174.83
operating cash flow	-19748362	-19897140	0.75
free cash flow	-20302501	-20576689	1.33
capital expenditure	-554139	-679549	18.45
depreciation and amortization	106059	-57528	284.36
deferred income tax	0	126501	-100.00
stock based compensation	1697454	1524034	11.38
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	-219979	0	NaN
investments in property plant and equipment	-554139	-679549	18.45
net cash used for investing activites	-774118	-679549	-13.92
debt repayment	0	0	NaN
common stock issued	24276023	15614238	55.47
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	24236023	15614238	55.22
cash at end of period	12051713	8338170	44.54
accounts receivables	0	0	NaN
cash at beginning of period	8338170	13300621	-37.31

Overall Score of Annual Cashflow Statement

0.6 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 4 million in 2023 from -5 million in 2022 representing a change of 174.83%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -20 million in 2023 from -20 million in 2022 representing a change of 0.75%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -20 million in 2023 from -21 million in 2022 representing a change of 1.33%. This indicates an increase in cash generated after accounting for capital expenditures.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -1 million in 2023 from -1 million in 2022 representing a change of 18.45%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 2 million in 2023 from 2 million in 2022 representing a change of 11.38%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
operating cash flow	-5831903	-5453429	-6.94
free cash flow	-6158101	-5544201	-11.07
capital expenditure	-326198	-90772	-259.36
depreciation and amortization	27077	27078	-0.00
deferred income tax	0	0	NaN
stock based compensation	452831	572847	-20.95
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-326198	-90772	-259.36
net cash used for investing activites	-546177	-90772	-501.70
debt repayment	0	0	NaN
common stock issued	1	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-39999	0	NaN
net change in cash	-6418079	-5544201	-15.76
cash at end of period	12051713	18469792	-34.75
cash at beginning of period	18469792	24013993	-23.09

Overall Score of Quarterly Cashflow Statement

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -6 million in 2023Q4 from -6 million in 2023Q3 representing a change of -15.76%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to -6 million in 2023Q4 from -5 million in 2023Q3 representing a change of -6.94%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -6 million in 2023Q4 from -6 million in 2023Q3 representing a change of -11.07%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Capital Expenditure: Capital Expenditure decreased to 0 million in 2023Q4 from 0 million in 2023Q3 representing a change of -259.36%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023Q4 from 1 million in 2023Q3 representing a change of -20.95%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	0	-0.19	100.00
operating cash flow per share	0	-0.2	100.00
free cash flow per share	0	-0.21	100.00
cash per share	0	0.09	-100.00
book value per share	0	0.57	-100.00
tangible book value per share	0	0.57	-100.00
shareholders equity per share	0	0.57	-100.00
interest debt per share	0	0.0	-100.00
market cap	0	289514071.68	-100.00
enterprise value	-12051713	281235901.68	-104.29
pe ratio	0	-15.4	100.00
price to sales ratio	0	0	NaN
pocfratio	0	-14.55	100.00
pfcf ratio	0	-14.07	100.00
pb ratio	0	5.21	-100.00
ptb ratio	0	5.21	-100.00
ev to sales	0	0	NaN
enterprise value over ebitda	0	-12.05	100.00
ev to operating cash flow	0.61	-14.13	104.32
ev to free cash flow	0.59	-13.67	104.34
earnings yield	None	-0.06	NaN
free cash flow yield	0	-0.07	100.00
debt to equity	0	0.0	-100.00
debt to assets	0	0.0	-100.00
net debt to ebitda	0	0.35	-100.00
current ratio	1.56	1.2	29.50
interest coverage	0	2690.5	-100.00
income quality	1.22	1.06	15.06
dividend yield	None	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.03	-0.03	17.84
capex to revenue	0	0	NaN
capex to depreciation	5.22	-11.81	144.23
stock based compensation to revenue	0	0	NaN
graham number	0	1.57	-100.00
roic	None	-0.34	NaN
return on tangible assets	None	-0.29	NaN
graham net net	0	-0.0	100.00
working capital	4666191	1524032	206.17
tangible asset value	59753804	55535060	7.60
net current asset value	3902495	831	469,514.32
invested capital	60325436	2427460	2,385.13
average receivables	656395	574038	14.35
average payables	1499.72	2131.58	-29.64
average inventory	69015	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	19.03	-100.00
days of inventory on hand	0	0	NaN
receivables turnover	None	0	NaN
payables turnover	0	19.18	-100.00
inventory turnover	None	0	NaN
roe	None	-0.34	NaN
capex per share	0	0.01	-100.00

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 0.00 on 2023-12-31 from -15.40 on 2022-12-31, representing a change of 100.00%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 1.56 on 2023-12-31 from 1.20 on 2022-12-31, representing a change of 29.50%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 from 0.00 on 2022-12-31, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2023-12-31 Q4	2023-09-30 Q3	Q/Q change %
ME.TO
calendar year	2023	2023	NaN
revenue per share	0	0	NaN
net income per share	-0.04	-0.06	40.93
operating cash flow per share	-0.05	-0.04	-6.94
free cash flow per share	-0.05	-0.05	-11.07
cash per share	0.1	0.15	-34.75
book value per share	0.49	0.52	-6.11
tangible book value per share	0.49	0.52	-6.11
shareholders equity per share	0.49	0.52	-6.11
interest debt per share	0	0.0	-100.00
market cap	183036490.5	195238923.2	-6.25
enterprise value	170984777.5	176829131.2	-3.31
pe ratio	-10.54	-6.64	-58.71
price to sales ratio	0	0	NaN
pocfratio	-31.39	-35.8	12.33
pfcf ratio	-29.72	-35.21	15.60
pb ratio	3.06	3.07	-0.15
ptb ratio	3.06	3.07	-0.15
ev to sales	0	0	NaN
enterprise value over ebitda	-37.47	-23.14	-61.91
ev to operating cash flow	-29.32	-32.43	9.58
ev to free cash flow	-27.77	-31.89	12.94
earnings yield	-0.02	-0.04	36.99
free cash flow yield	-0.03	-0.03	-18.48
debt to equity	0	0.0	-100.00
debt to assets	0	0.0	-100.00
net debt to ebitda	2.64	2.41	9.62
current ratio	1.56	1.87	-16.64
interest coverage	0	0	NaN
income quality	1.34	0.74	81.04
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.06	-0.02	-236.04
capex to revenue	0	0	NaN
capex to depreciation	12.05	3.35	259.37
stock based compensation to revenue	0	0	NaN
graham number	0.63	0.84	-25.53
roic	0.07	0.12	-36.70
return on tangible assets	-0.06	-0.1	35.28
graham net net	0.03	0.06	-51.16
working capital	4666191	8940991	-47.81
tangible asset value	59753804	63641097	-6.11
net current asset value	3902495	7397909	-47.25
invested capital	60325436	64992115	-7.18
average receivables	640509	524639.5	22.09
average payables	0	1355.85	-100.00
average inventory	69015	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.07	-0.12	37.09
capex per share	0.0	0.0	259.36

• Negative

  ROE: Return on Equity (ROE) increased to -0.07 on 2023-12-31 Q4 from -0.12 on 2023-09-30 Q3, representing a change of 37.09%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -10.54 on 2023-12-31 Q4 from -6.64 on 2023-09-30 Q3, representing a change of -58.71%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.56 on 2023-12-31 Q4 from 1.87 on 2023-09-30 Q3, representing a change of -16.64%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 Q4 from 0.00 on 2023-09-30 Q3, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None