# Mining Americas Inc. (MAI.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Mining & Metals. Price C$3.84, market value C$422 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Mining Americas Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 4.0×**. Each dollar of revenue is priced at 4.0×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 77.5×**. Enterprise value is 77.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 4.5%** (5-yr avg -1.1%). Free cash flow equals 4.5% of the market value, above its five-year average of -1.1%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 45.1%**. Mining Americas Inc. keeps 45.1% of revenue after the direct cost of what it sells.
- **Operating margin: 26.3%**. 26.3% of revenue is left after running the business, an exceptional level.
- **Net margin: -83.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -21.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 17.6%**. Return on all capital, debt included, is 17.6%: comfortably above what that capital costs.
- **Return on assets: -4.5%**. Each dollar of assets produces -4.5% of profit.

## Growth
- **Revenue growth (1 yr): 501.7%** (3-yr 32.7%/yr). Revenue grew 501.7% over the last year.
- **EPS growth (1 yr): -72.3%**. Earnings per share fell 72.3%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.18**. Debt is 0.18 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Mining Americas Inc. holds more cash than debt.
- **Interest coverage: 4.8×**. Operating profit covers interest 4.8× over, a safe margin.
- **Current ratio: 2.69** (quick 1.01). Current assets cover the next year's liabilities 2.69 times.
- **Altman Z-score: 3.65**. A Z-score of 3.65 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Mining Americas Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 0.8%** (YTD -25.8%, 3-mo -12.1%). The shares are up 0.8% over twelve months including dividends.
- **From 52-week high: -48.8%** (6.7% above the low). Trading 49% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 2.73** (volatility 66%). Beta of 2.73 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MAI.TO · Page: https://foliofundamentals.com/stocks/mai.to

Not investment advice.