Search Minerals (SMY) AI Stock Analysis

• Market Cap: C$14.63M
• Dividend Yield: N/A
• Average Volume (3M): 15.68K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.25
• Revenue Growth: N/A
• EPS Growth: -9.09%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 41,798,702
• 10 Day Avg. Volume: 11,510
• 30 Day Avg. Volume: 15,678
• PEG Ratio: 3.22
• Price to Book (P/B): 6.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Search Minerals presents a challenging financial outlook with significant weaknesses in income generation and cash flow management. The technical analysis indicates a lack of momentum, while valuation metrics are unattractive due to continued losses. However, recent regulatory improvements provide a slight positive outlook, preventing a lower overall score.

Search Minerals Business Overview & Revenue Model

Company Description

Search Minerals Inc. engages in the acquisition, evaluation, and exploration of mineral resource properties in Canada. It explores for rare earth elements. The company's flagship project is the Foxtrot project located in the St Lewis. Search Minerals Inc. was incorporated in 2006 and is headquartered in North Vancouver, Canada.

How the Company Makes Money

Search Minerals generates revenue through the exploration and potential sale or partnership development of its rare earth element resources. The company's primary revenue streams include securing strategic partnerships or joint ventures with larger mining companies or technology firms interested in sourcing REEs. Additionally, Search Minerals may generate income by selling its mineral rights or entering into off-take agreements with companies that require a steady supply of rare earth elements for their manufacturing processes. The company's ability to make money is significantly influenced by global demand for REEs, market prices, and its success in advancing its projects towards production.

Search Minerals Financial Statement Overview

Summary

Search Minerals faces significant financial challenges. The absence of revenue and consistent losses highlight a weak income statement. While the balance sheet shows stability with low leverage, the lack of profitability and negative cash flow trends pose sustainability concerns. The company needs to improve its revenue generation and cash flow management to enhance financial health.

Income Statement

Search Minerals has not generated any revenue over the past years, which is a significant concern. The company consistently reports negative EBIT and net income, indicating ongoing operational and profitability challenges. The lack of revenue growth and persistent losses result in a very low score for the income statement.

Balance Sheet

The balance sheet shows a relatively stable equity position with stockholders' equity making up a significant portion of total assets, but the company has moderate levels of debt. The debt-to-equity ratio is low, suggesting manageable debt levels, yet the continuous negative net income affects return on equity negatively. Overall, the balance sheet demonstrates stability, but the lack of profitability is a concern.

Cash Flow

The company's cash flow statement shows irregular and negative free cash flow trends, with significant cash outflows from operations and investments. There is no consistent generation of free cash flow, which is critical for sustaining operations without relying on external financing. The lack of free cash flow growth and low operating cash flow to net income ratio highlight cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-116.73K	0.00	0.00	-166.00K	-60.63K	-85.37K
EBITDA	-664.88K	-399.00K	-1.29M	-1.41M	-1.97M	-1.07M
Net Income	-985.22K	-643.00K	-1.54M	-1.57M	-2.08M	-1.55M
Balance Sheet
Total Assets	30.24M	30.37M	29.47M	29.29M	21.65M	13.90M
Cash, Cash Equivalents and Short-Term Investments	39.53K	456.30K	7.29K	457.54K	1.62M	100.80K
Total Debt	1.04M	1.57M	386.18K	80.00K	80.00K	686.70K
Total Liabilities	5.49M	5.21M	3.80M	2.35M	802.98K	2.30M
Stockholders Equity	24.75M	25.16M	25.67M	26.94M	20.84M	11.60M
Cash Flow
Free Cash Flow	-791.78K	-657.04K	212.29K	-2.11M	-5.38M	-1.19M
Operating Cash Flow	-571.30K	-436.56K	221.58K	-1.75M	-1.84M	-433.09K
Investing Cash Flow	-1.01M	-389.42K	-1.11M	-7.03M	-3.54M	-758.54K
Financing Cash Flow	1.63M	1.27M	435.06K	7.62M	6.90M	1.06M

Search Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ILI	53 Neutral	C$6.81M	15.00	-0.37%	―	―	―
Sector *	44 Neutral	C$979.74M	-6.70	-13.35%	2.68%	17.20%	-32.62%
SMY	41 Neutral	C$14.63M	―	-3.92%	―	―	-9.09%
AVE	40 Underperform	C$22.28M	―	-34.48%	―	―	59.67%
NRM	37 Underperform	C$8.05M	―	-50.39%	―	―	72.76%
SUPR	32 Underperform	C$15.04M	―	-24.75%	―	―	9.29%
PEMIF		$4.94M	―	-1.16%	―	―	―

Search Minerals Corporate Events

Search Minerals Announces Revocation of Cease Trade Order

Search Minerals Inc. announced the revocation of a cease trade order by the British Columbia Securities Commission, which had been in place due to the company’s failure to file required financial documents on time. The company has since updated its filings and is working with the TSX Venture Exchange to reinstate trading, which could positively impact its operations and market presence.