ScoreWhy is Mandalay Resources Corp. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Operating profit has grown by an annual rate 55.44%
3
With a growth in Net Sales of 21.93%, the company declared Very Positive results in Mar 25
- The company has declared positive results for the last 4 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at CAD 154.77 MM
- NET PROFIT(HY) Higher at CAD 55.39 MM
- ROCE(HY) Highest at 25.03%
4
With ROE of 21.25%, it has a very attractive valuation with a 1.54 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 126.89%, its profits have risen by 1809.3%
5
Market Beating Performance
- The stock has generated a return of 126.89% in the last 1 year, much higher than market (S&P/TSX 60) returns of 23.86%
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Mandalay Resources Corp. should be less than 10%
- Overall Portfolio exposure to Gems, Jewellery And Watches should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Gems, Jewellery And Watches)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Mandalay Resources Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Mandalay Resources Corp.
126.89%
17.82
45.05%
S&P/TSX 60
21.54%
1.64
14.59%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
17.42%
EBIT Growth (5y)
87.92%
EBIT to Interest (avg)
11.20
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.32
Sales to Capital Employed (avg)
0.86
Tax Ratio
32.70%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
35.44%
ROE (avg)
16.95%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
6
Industry P/E
Price to Book Value
1.38
EV to EBIT
3.05
EV to EBITDA
2.21
EV to Capital Employed
1.56
EV to Sales
1.11
PEG Ratio
0.02
Dividend Yield
NA
ROCE (Latest)
51.13%
ROE (Latest)
22.31%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend30What is working for the Company
OPERATING CASH FLOW(Y)
Highest at CAD 154.77 MM
NET PROFIT(HY)
Higher at CAD 55.39 MM
ROCE(HY)
Highest at 25.03%
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
RAW MATERIAL COST(Y)
Fallen by -53.75% (YoY
CASH AND EQV(HY)
Highest at CAD 236.86 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -31.35 %
INVENTORY TURNOVER RATIO(HY)
Highest at 6.36%
NET SALES(Q)
Highest at CAD 111.11 MM
OPERATING PROFIT(Q)
Highest at CAD 61.42 MM
OPERATING PROFIT MARGIN(Q)
Highest at 55.28 %
PRE-TAX PROFIT(Q)
Highest at CAD 41.05 MM
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Mandalay Resources Corp.
Net Profit
At CAD 55.39 MM has Grown at 229.24%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (CAD MM)
Operating Cash Flow
Highest at CAD 154.77 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (CAD MM)
Net Profit
Higher at CAD 55.39 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (CAD MM)
Net Sales
Highest at CAD 111.11 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CAD MM)
Net Sales
At CAD 111.11 MM has Grown at 40.1%
over average net sales of the previous four periods of CAD 79.31 MMMOJO Watch
Near term sales trend is positive
Net Sales (CAD MM)
Operating Profit
Highest at CAD 61.42 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (CAD MM)
Operating Profit Margin
Highest at 55.28 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at CAD 41.05 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CAD MM)
Pre-Tax Profit
At CAD 41.05 MM has Grown at 57.47%
over average net sales of the previous four periods of CAD 26.07 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CAD MM)
Cash and Eqv
Highest at CAD 236.86 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -31.35 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Inventory Turnover Ratio
Highest at 6.36%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -53.75% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
At CAD 13.47 MM has Grown at 69.53%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (CAD MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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