Prime Meridian Resources Corp. - PMDRF

PMDRF 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 %
PMDRF	0	-40	-40	-40	-28.8	-28.8	-74.1	-79.5	-62.6	-97.7
S&P 500	-1.3	-2.3	0.5	5.7	10.7	30.1	25.2	88.0	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	PMDRF
name	Prime Meridian Resources Corp.
price	0.09
changes percentage	0
change	0
day low	0.08
day high	0.09
year high	0.16
year low	0.08
market cap	1531143
price avg 50	0.15
price avg 200	0.13
exchange	PNK
volume	7000
avg volume	312
open	0.08
previous close	None
eps	-0.03
pe	-3
earnings announcement	None
shares outstanding	17012699
timestamp	2024-11-15 20:00:00

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: 49.0%

Overall Quarterly Financial Health: 29.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	1074647	1534789	-29.98
interest income	0	0	NaN
interest expense	108630	148139	-26.67
ebitda	-1065470	-1459366	26.99
ebitdaratio	0	0	NaN
operating income	-1119835	-1534789	27.04
operating income ratio	0	0	NaN
net income	-1354169	-1765208	23.29
net income ratio	0	0	NaN
eps	-0.06	-0.1	36.52

Overall Score of Annual Income Statement

0.4 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 1 million in 2023 from 2 million in 2022 representing a change of -29.98%. 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 -0.06 in 2023 from -0.06 in 2022 representing a change of 36.52%. 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 -1 million in 2023 from -1 million in 2022 representing a change of 26.99%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -1 million in 2023 from -2 million in 2022 representing a change of 27.04%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -1 million in 2023 from -2 million in 2022 representing a change of 23.29%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	240310	341630	-29.66
interest income	0	0	NaN
interest expense	28915	26260	10.11
ebitda	-205605	-280275	26.64
ebitdaratio	0	0	NaN
operating income	-240310	-341630	29.66
operating income ratio	0	0	NaN
net income	-234520	-343113	31.65
net income ratio	0	0	NaN
eps	-0.01	-0.01	31.58

Overall Score of Quarterly Income Statement

0.25 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -29.66%. 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.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 26.64%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 29.66%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 31.65%. 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	541095	327272	65.33
total liabilities	2781390	2561637	8.58
total equity	-2240295	-2234365	-0.27
cash and cash equivalents	65732	23241	182.83
short term investments	1000	2000	-50.00
long term investments	0	0	NaN
total current assets	324652	112741	187.96
total non current assets	216443	214531	0.89
total current liabilities	2781390	2561637	8.58
total non current liabilities	0.0	0	NaN
common stock	12563770	11374838	10.45
retained earnings	-17793735	-16439566	-8.24
total debt	1160009	1088247	6.59

Overall Score of Annual Balance Sheet

0.4 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 1 million in 2023 from 0 million in 2022 representing a change of 65.33%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 0 million in 2023 from 0 million in 2022 representing a change of 182.83%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 0 million in 2023 from 0 million in 2022 representing a change of 187.96%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 13 in 2023 from 11 in 2022 representing a change of 10.45%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3 million in 2023 from 3 million in 2022 representing a change of 8.58%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to -2 million in 2023 from -2 million in 2022 representing a change of -0.27%. This indicates a decrease in shareholders' equity.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 0 million in 2022 representing a change of -50.0%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 3 million in 2023 from 3 million in 2022 representing a change of 8.58%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -18 million in 2023 from -16 million in 2022 representing a change of -8.24%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1 million in 2023 from 1 million in 2022 representing a change of 6.59%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	593877	383833	54.72
total liabilities	3160940	2808485	12.55
total equity	-2567063	-2424652	-5.87
cash and cash equivalents	23587	20749	13.68
short term investments	1500	1500	0.00
long term investments	0	0	NaN
total current assets	376681	147839	154.79
total non current assets	217196	235994	-7.97
total current liabilities	1812329	1597596	13.44
total non current liabilities	1348611	1210889	11.37
common stock	12563770	12563770	0.00
retained earnings	-18371367	-18136847	-1.29
total debt	1512267	1373004	10.14

Overall Score of Quarterly Balance Sheet

0.38 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 1 million in 2024Q2 from 0 million in 2024Q1 representing a change of 54.72%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 13.68%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 154.79%. This indicates a better liquidity position.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3 million in 2024Q2 from 3 million in 2024Q1 representing a change of 12.55%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to -3 million in 2024Q2 from -2 million in 2024Q1 representing a change of -5.87%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 2 million in 2024Q2 from 2 million in 2024Q1 representing a change of 13.44%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -18 million in 2024Q2 from -18 million in 2024Q1 representing a change of -1.29%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 2 million in 2024Q2 from 1 million in 2024Q1 representing a change of 10.14%. This indicates an increase 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	42491	-224513	118.93
operating cash flow	-924099	-538034	-71.75
free cash flow	-1140542	-538865	-111.66
capital expenditure	-216443	-831	-25,946.09
depreciation and amortization	0	10.65	-100.00
deferred income tax	0	0	NaN
stock based compensation	0	459600	-100.00
accounts payables	197793	344166	-42.53
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-216443	-831	-25,946.09
net cash used for investing activites	-216443.0	-831	-25,946.09
debt repayment	0	-200000	100.00
common stock issued	1149233	318400	260.94
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1183033	314352	276.34
cash at end of period	65732	23241	182.83
accounts receivables	0	0	NaN
cash at beginning of period	23241	247754	-90.62

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from 0 million in 2022 representing a change of 118.93%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to 0 million in 2023 from 0 million in 2022 representing a change of -25946.09%. 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 2023 from 0 million in 2022 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 0 million in 2022 representing a change of -42.53%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2023 from -1 million in 2022 representing a change of -71.75%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -1 million in 2023 from -1 million in 2022 representing a change of -111.66%. This indicates a decrease in cash generated after accounting for capital expenditures.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-221040	-129890	-70.17
free cash flow	-221040	-139890	-58.01
capital expenditure	0	-10000	100.00
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
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	0	-10000	100.00
net cash used for investing activites	0	-10000	100.00
debt repayment	98674	0	NaN
common stock issued	0	134907	-100.00
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	222467	94907	134.41
net change in cash	2838	-44983	106.31
cash at end of period	23587	20749	13.68
cash at beginning of period	20749	65732	-68.43

Overall Score of Quarterly Cashflow Statement

0.25 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 106.31%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -70.17%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -58.01%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

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	-0.06	-0.1	36.48
operating cash flow per share	-0.04	-0.03	-42.21
free cash flow per share	-0.05	-0.03	-75.25
cash per share	0.0	0.0	118.90
book value per share	-0.1	-0.12	16.98
tangible book value per share	-0.1	-0.12	16.98
shareholders equity per share	-0.1	-0.12	16.98
interest debt per share	0.06	0.07	-15.04
market cap	3744645.23	8721176.66	-57.06
enterprise value	4838922.23	9786182.66	-50.55
pe ratio	-2.77	-4.94	44.03
price to sales ratio	0	0	NaN
pocfratio	-4.05	-16.21	75.00
pfcf ratio	-3.28	-16.18	79.71
pb ratio	-1.67	-3.9	57.18
ptb ratio	-1.67	-3.9	57.18
ev to sales	0	0	NaN
enterprise value over ebitda	-4.54	-6.71	32.27
ev to operating cash flow	-5.24	-18.19	71.21
ev to free cash flow	-4.24	-18.16	76.64
earnings yield	-0.36	-0.2	-78.67
free cash flow yield	-0.3	-0.06	-392.94
debt to equity	-0.52	-0.49	-6.31
debt to assets	2.14	3.33	-35.53
net debt to ebitda	-1.03	-0.73	-40.73
current ratio	0.12	0.04	165.21
interest coverage	-10.31	-10.36	0.50
income quality	0.68	0.3	123.89
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	-0.23	-0.0	-15,064.70
capex to revenue	0	0	NaN
capex to depreciation	0	78.03	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.37	0.51	-27.38
roic	1.04	1.44	-28.18
return on tangible assets	-2.5	-5.39	53.60
graham net net	-0.12	-0.14	11.38
working capital	-2456738	-2448896	-0.32
tangible asset value	-2240295	-2234365	-0.27
net current asset value	-2456738	-2448896	-0.32
invested capital	-2240295	-2234365	-0.27
average receivables	0	0	NaN
average payables	1020866.5	744943	37.04
average inventory	0	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	0.6	0.79	-23.49
capex per share	0.01	0.0	21,465.98

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.60 on 2023-12-31 from 0.79 on 2022-12-31, representing a change of -23.49%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -2.77 on 2023-12-31 from -4.94 on 2022-12-31, representing a change of 44.03%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to -0.52 on 2023-12-31 from -0.49 on 2022-12-31, representing a change of -6.31%. 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.

• Negative

  Current Ratio: Current Ratio increased to 0.12 on 2023-12-31 from 0.04 on 2022-12-31, representing a change of 165.21%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. However, it's below 1, indicating potential liquidity issues.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
PMDRF
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.01	-0.01	31.65
operating cash flow per share	-0.01	-0.01	-70.17
free cash flow per share	-0.01	-0.01	-58.01
cash per share	0.0	0.0	12.76
book value per share	-0.1	-0.09	-5.87
tangible book value per share	-0.1	-0.09	-5.87
shareholders equity per share	-0.1	-0.09	-5.87
interest debt per share	0.06	0.05	10.14
market cap	2821256.57	4422971.09	-36.21
enterprise value	4309936.57	5775226.09	-25.37
pe ratio	-3.01	-3.22	6.68
price to sales ratio	0	0	NaN
pocfratio	-12.76	-34.05	62.52
pfcf ratio	-12.76	-31.62	59.63
pb ratio	-1.1	-1.82	39.75
ptb ratio	-1.1	-1.82	39.75
ev to sales	0	0	NaN
enterprise value over ebitda	-20.96	-20.61	-1.73
ev to operating cash flow	-19.5	-44.46	56.15
ev to free cash flow	-19.5	-41.28	52.77
earnings yield	-0.08	-0.08	-7.16
free cash flow yield	-0.08	-0.03	-147.72
debt to equity	-0.59	-0.57	-4.03
debt to assets	2.55	3.58	-28.81
net debt to ebitda	-7.24	-4.82	-50.07
current ratio	0.21	0.09	124.60
interest coverage	-8.31	-13.01	36.12
income quality	0.94	0.38	148.97
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	-0.08	100.00
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.14	0.17	-14.93
roic	0.23	0.3	-23.79
return on tangible assets	-0.39	-0.89	55.82
graham net net	-0.12	-0.11	-12.07
working capital	-1435648	-1449757	0.97
tangible asset value	-2567063	-2424652	-5.87
net current asset value	-2784259	-2660646	-4.65
invested capital	-1218452	-1213763	-0.39
average receivables	0	0	NaN
average payables	1302427	1155019	12.76
average inventory	-11818	-60945	80.61
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	0.09	0.14	-35.44
capex per share	0	0.0	-100.00

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -3.01 on 2024-06-30 Q2 from -3.22 on 2024-03-31 Q1, representing a change of 6.68%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to -0.59 on 2024-06-30 Q2 from -0.57 on 2024-03-31 Q1, representing a change of -4.03%. 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.

• Negative

  Current Ratio: Current Ratio increased to 0.21 on 2024-06-30 Q2 from 0.09 on 2024-03-31 Q1, representing a change of 124.60%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. However, it's below 1, indicating potential liquidity issues.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.03 which is lower than current price 0.09, indicates the company may be overvalued.