McEwen Inc. (MUX) vs Perpetua Resources Corp. (PPTA)

McEwen Inc. and Perpetua Resources Corp. are both Other Precious Metals & Mining companies. Perpetua Resources Corp. is the larger, with a market value of $2.9B against $1.1B — 2.6× the size. Perpetua Resources Corp. has negative trailing earnings, so its P/E is not meaningful; McEwen Inc. trades at 13.9×. McEwen Inc. has the higher net margin (32.5% vs 0.00%) and the higher return on invested capital (5.28% vs −111.4%). Across the 14 metrics below, McEwen Inc. leads on 12 and Perpetua Resources Corp. on 2.

Valuation

Metric MUX PPTA Other Precious Metals & Mining median
P/E 13.88 n/m 18.01
P/S 4.59 n/m 7.00
P/B 1.61 4.08 2.46
Price to free cash flow 180.05 n/m 58.16
EV/EBITDA 12.70 n/m 12.47
EV/Sales 4.73 n/m 5.74
Earnings yield 7.20% (8.60%) 2.75%
Free cash flow yield 0.56% (7.26%) 0.51%

Profitability

Metric MUX PPTA Other Precious Metals & Mining median
Gross margin 30.91% 0.00% 39.51%
Operating margin 25.20% 0.00% 25.20%
Net margin 32.46% 0.00% 5.02%
Free cash flow margin 2.55% 0.00% 2.55%
Return on equity 13.54% (37.79%) 13.37%
Return on assets 9.34% (35.98%) 3.84%
Return on invested capital 5.28% (111.37%) 5.28%

Growth

Metric MUX PPTA Other Precious Metals & Mining median
Revenue growth (TTM) 47.73% — 54.39%
EPS growth (last fiscal year) 168.60% (390.91%) —
Revenue growth, 5-year CAGR 13.52% — 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MUX PPTA Other Precious Metals & Mining median
Debt to equity 0.18 0.00 0.00
Current ratio 2.04 12.34 5.20
Net debt to EBITDA 1.73 5.59 0.28

Dividend

Metric MUX PPTA Other Precious Metals & Mining median
Dividend yield — — 1.64%
Payout ratio 0.00 0.00 0.00

Size

Metric MUX PPTA Other Precious Metals & Mining median
Market cap 1.14b 2.93b 1.03b

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