Company DescriptionMega Uranium Ltd., a mineral exploration and development company, explores for uranium prospective properties primarily in Australia and Canada. Its principal properties include the Ben Lomond and Georgetown (Maureen) projects located in Queensland. The company was formerly known as Maple Minerals Corp. and changed its name to Mega Uranium Ltd. in October 2005. Mega Uranium Ltd. was incorporated in 1990 and is headquartered in Toronto, Canada.

How the Company Makes Money

Mega Uranium Financial Statement Overview

Summary

Mega Uranium faces significant financial hurdles, primarily due to the absence of revenue and persistent losses. While the balance sheet suggests a low-risk leverage position, the lack of cash flow and profitability poses severe risks to financial health and sustainability. The firm needs to generate revenue to improve its financial standing.

Income Statement

Very Negative

Mega Uranium's income statement shows no revenue generation over the periods analyzed. The company consistently reports negative net income, driven by persistent operating losses, as evidenced by negative EBIT and EBITDA margins. This lack of revenue and profitability indicates severe financial challenges, reflected in a low score.

Balance Sheet

Neutral

The company maintains a relatively strong equity base with a high equity ratio, indicating a solid cushion against liabilities. The debt-to-equity ratio remains low, suggesting conservative leverage. However, the absence of revenue raises concerns about the sustainability of its financial position over the long term.

Cash Flow

Negative

Mega Uranium's cash flow statements indicate negative free cash flow generation, suggesting that operational activities do not cover capital expenditures. The negative operating cash flow to net income ratio further underscores cash flow challenges, with no clear path to positive cash flow in sight.

TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-53.00K	0.00	-95.00K	-64.00K	-87.00K	-87.00K
	EBIT
-4.23M	-4.08M	-3.60M	-3.95M	-2.76M	-2.08M
	EBITDA
-9.36M	-4.07M	-3.59M	-4.21M	12.40M	-4.52M
	Net Income Common Stockholders
-9.57M	-6.12M	4.42M	-8.39M	20.87M	-3.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
32.97M	27.93M	25.63M	18.61M	19.46M	5.33M
	Total Assets
238.36M	199.07M	184.86M	117.89M	138.00M	52.57M
	Total Debt
17.59M	15.43M	9.04M	1.20M	119.00K	200.00K
	Net Debt
16.98M	15.07M	8.70M	692.00K	-1.16M	-410.00K
	Total Liabilities
25.60M	18.15M	10.69M	2.45M	1.17M	1.09M
	Stockholders Equity
212.76M	180.92M	174.18M	115.44M	136.84M	51.48M
Cash Flow		Free Cash Flow
-99.00K	-946.00K	-656.00K	-2.26M	-1.55M	-1.24M
	Operating Cash Flow
-99.00K	-946.00K	-644.00K	-2.21M	-1.54M	-1.24M
	Investing Cash Flow
-1.02M	305.00K	-29.00K	-54.00K	54.00K	723.00K
	Financing Cash Flow
1.12M	719.00K	492.00K	1.44M	2.10M	506.00K

Mega Uranium Peers Comparison

Overall Rating

UnderperformOutperform

Sector (57)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MGAFF		$82.05M	―	-11.27%	―	―	―
Sector *	57 Neutral	$7.22B	3.15	-4.49%	5.63%	0.82%	-49.15%
SASK	48 Neutral	C$151.29M	―	-4.92%	―	―	48.50%
GXU	33 Underperform	C$66.43M	―	-197.12%	―	―	-370.28%
WUC	32 Underperform	C$65.33M	―	-33.85%	―	-56.80%	-66.14%
AEC	32 Underperform	C$115.41M	5.61	-22.57%	―	―	-184.85%
FUUFF		$87.62M	―	-28.31%	―	―	―

* Energy Sector Average

Performance Comparison

MGAFF

Mega Uranium

0.22

-0.02

-8.33%

TSE:AEC

Anfield Energy Inc

0.10

0.04

66.67%

TSE:GXU

GoviEx Uranium

0.07

-0.02

-22.22%

TSE:WUC

Western Uranium

1.04

-0.80

-43.48%

FUUFF

F3 Uranium

0.18

-0.06

-25.00%

TSE:SASK

Atha Energy Corp.

0.57

-0.12

-17.39%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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