A Business at a Glance
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The Company’s Background. MineralRite Corporation (the “ Company” or “ MineralRite,”) was incorporated in Nevada in October, 1996, under the name PSM Corp. The Company’s name was then changed to Royal Quantum Group, Inc. on November 23, 2005. On August 31, 2012 the board of directors approved the change of the Company’s name to MineralRite Corporation, reflecting the new direction in which the Company’s management intends to lead it. On December 3, 2012, the Company’s trading symbol was changed from “ RYQG” to “ RITE.” The Company’s principal executive offices are located at 55 South Geneva Road, Lindon UT 84042, telephone: (801) 796-8944. Our website address is www. mineralrite. com. The Company’s Existing and Planned Business Expansion. MineralRite has focused on the mining operations and the acquisition, exploration and development of mining opportunities. In March, 2013, the Company acquired Goldfield International, Inc.
| Metric | TTM | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|
| Revenue | 0 | - | 358K | 525K | 449K |
| Net Income | -3.9M | -3.5M | -454K | -339K | -253K |
| EPS | $-0.01 | $-0.02 | $-0.06 | $-0.33 | $-0.01 |
| Free Cash Flow | 0 | -374K | -11K | -133K | -13K |
| ROIC | -0.1% | -147.2% | -205.3% | -48.7% | -33.9% |
| Gross Margin | - | - | -23.6% | - | - |
| Debt/Equity | 0.00 | 0.23 | -0.18 | -1.20 | -1.63 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 |
| Operating Income | -657K | -1.6M | -313K | -293K | -213K |
| Operating Margin | 0.0% | - | -87.4% | -55.7% | -47.4% |
| ROE | -0.9% | -768.8% | -286.9% | - | - |
| Shares Outstanding | 4,555M | 167M | 45M | 1M | 25M |
| Metric | 2010 | 2011 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 449K | 525K | 358K | N/A | 0 |
| Gross Margin | N/A | N/A | -23.6% | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | 17K | -25K | 44K | 1.3M | 1.3M |
| EBIT | -213K | -293K | -313K | -1.6M | -657K |
| Op. Margin | -47.4% | -55.7% | -87.4% | N/A | 0.0% |
| Net Income | -253K | -339K | -454K | -3.5M | -3.9M |
| Net Margin | -56.4% | -64.7% | -126.8% | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -33.9% | -48.7% | N/M | -147.2% | -0.1% |
| ROE | N/A | N/A | -286.9% | -768.8% | -0.9% |
| ROA | -40.3% | -55.2% | -65.8% | -234.5% | -0.9% |
| Cash Flow | |||||
| Op. Cash Flow | -13K | -133K | -11K | -369K | -391K |
| Free Cash Flow | -13K | -133K | -11K | -374K | 0 |
| Owner Earnings | -15K | -134K | -37K | -1.3M | -1.3M |
| CapEx | 0 | 0 | 0 | 4K | 0 |
| Maint. CapEx | 2K | 2K | 2K | 15K | 15K |
| Growth CapEx | N/A | N/A | N/A | 0 | 0 |
| D&A | 2K | 2K | 2K | 15K | 15K |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | 24K | 939K | 939K |
| Debt Repayment | 0 | 0 | 0 | 60K | 60K |
| Balance Sheet | |||||
| Net Debt | 169K | 391K | -38K | 74K | -24K |
| Cash & Equiv. | 205K | 34K | 9K | 52K | 27K |
| Long-Term Debt | N/A | N/A | N/A | 30K | 3K |
| Debt/Equity | -1.63 | -1.20 | -0.18 | 0.23 | 0.00 |
| Interest Coverage | -5.2 | -6.2 | -11.0 | -8.5 | -8.5 |
| Equity | -230K | -354K | 158K | 760K | 427M |
| Total Assets | 628K | 601K | 778K | 2.2M | 432M |
| Total Liabilities | 858K | 955K | 620K | 1.5M | 5.0M |
| Intangibles | 0 | 0 | 0 | N/A | N/A |
| Retained Earnings | -5.5M | -5.8M | -16K | 0 | -4.6M |
| Working Capital | -590K | -839K | -425K | -231K | -5.0M |
| Current Assets | 257K | 104K | 183K | 1.1M | 20K |
| Current Liabilities | 847K | 943K | 608K | 1.3M | 5.0M |
| Per Share Data | |||||
| EPS | -0.01 | -0.33 | -0.06 | -0.02 | -0.01 |
| Owner EPS | -0.00 | -0.13 | -0.00 | -0.01 | -0.00 |
| Book Value | -0.01 | -0.34 | 0.00 | 0.00 | 0.09 |
| Cash Flow/Share | -0.00 | -0.13 | -0.00 | -0.00 | -0.00 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | N/A | 0.00 |
| Shares Out. | 25.3M | 1.0M | 44.6M | 167.0M | 4.6B |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -0.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | 5.1 | 0.0 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | N/A | N/A | -9.7% | N/A |
| Market Cap | 0 | 0 | 0 | 3.8M | 17M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
MINERALRITE Corp passes 0 of 9 quality checks, indicating weak fundamentals.
MINERALRITE Corp (RITE) has a 5-year average return on invested capital (ROIC) of -76.6%. This is below average and may indicate limited pricing power.
MINERALRITE Corp (RITE) has a market capitalization of $17M. It is classified as a small-cap stock.
MINERALRITE Corp (RITE) does not currently pay a regular dividend.
MINERALRITE Corp (RITE) operates in the Miscellaneous Metal Ores industry, within the Materials sector.
MINERALRITE Corp (RITE) generated $-374 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
MINERALRITE Corp (RITE) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
MINERALRITE Corp (RITE) reported earnings per share (EPS) of $-0.02 in its most recent fiscal year.
MINERALRITE Corp (RITE) has a return on equity (ROE) of -768.8%. A negative ROE may indicate losses or negative equity.
MINERALRITE Corp (RITE) has a 5-year average gross margin of -23.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for MINERALRITE Corp (RITE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MINERALRITE Corp (RITE) has a book value per share of $0.00, based on its most recent annual SEC filing.
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