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← CockpitCompetitor Analysis › MARI.TO Marimaca Copper Corp.Open in the cockpit ↗

Marimaca Copper Corp.MARI.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Other Metals/Minerals
Momentum weak 22
Mkt cap
$652M
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$1.26M
20-day average traded
P/B
2.46×
price to book
ROE
-16.4%
delivered
Implied ROE
14.1%
what the price asks
Next earnings
144 days
30 Mar 2027
Close · CADC$6.76
1D+3.5%
1W+1.5%
1M-14.7%
3M-15.5%
6M-18.4%
YTD-39.3%
1Y-35.0%
ATR %5.5%
52w lowhigh49.9% off high

What Marimaca Copper does

Employees: 46

Marimaca Copper at a glance

Size Marimaca Copper (MARI.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $652M, the 308th largest of 420 Canada companies the cockpit tracks. Shares closed at C$6.76 on 6 Nov 2026.

Performance Over six months the shares fell 18.4%, against -23.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th highest of 20 in its peer set.

Valuation It trades at 2.46× book value against a peer median of 2.69× (10th cheapest of 20).

Price implies The share price implies a return on equity of about 14.1%; Marimaca Copper delivers -16.4%, so the price asks more than the business earns today.

Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026MARI.TO 79Peer median 72
Six months, rebased to 100: Marimaca Copper against the median of its 20 peers (local-currency closes).

Marimaca Copper financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$302,927-C$286,444-C$237,003-C$72,883-C$59,885
EBITDA-C$47.1M-C$40.4M-C$19.5M-C$7.88M-C$8.82M
Net income-C$44.1M-C$36.7M-C$18.8M-C$9.60M-C$2.81M
Free cash flow-C$30.8M-C$30.0M-C$8.19M-C$4.26M-C$3.95M
Capital expenditureC$30.5MC$22.9MC$16.5MC$13.3MC$28.3M
Total debtC$1.24MC$1.28MC$64,719C$168,781C$0

Quarterly statements and history in the cockpit →

Marimaca Copper competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%SGML603045600231VISCIMFANVRILARARUSBCLMNO300283LAC600714GROYNCX5726BMN002141MARI.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Marimaca Copper is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%00×50×100×SGML603045600231VISCIMFANVRILARSBCLMNO300283LAC600714NCX5726TALABMN002141MARI.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Marimaca Copper is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%-50%0%50%SGML603045600231VISCIMFANVRILARMNO300283600714NCX5726TALABMNMARI.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Marimaca Copper is the large dot.

Marimaca Copper competitors and peer comparison

How Marimaca Copper compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Marimaca Copper against its 20 peers (data as of 6 Nov 2026)
MeasureMARI.TOPeer medianRank in peer set
1-month return-14.7%-15.3%10th highest of 20
6-month return-18.4%-23.3%10th highest of 20
Return on equity-16.4%-5.2%7th lowest of 20
Price / book2.46×2.69×10th cheapest of 20
ROE the price implies14.1%29.5%8th least demanding of 20
ROE delivered-16.4%-5.9%7th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Marimaca Copper MARI.TOCanada$652M-18%n/a-16%2.46×14.1%-16.4%
Sigma Lithium SGMLUnited States$655M-73%-14%-32%7.94×47.3%-31.8%
Fuda New Material 603045.SSChina$645M-31%+63%33%3.21×38.8%33.5%
Lingyuan Iron & Steel 600231.SSChina$642M-31%-3%-60%1.61×13.8%-59.6%
Gruvaktiebolaget Viscaria VISC.STSweden$669M-1%n/a-5%1.31×8.3%-5.2%
Indian Metals & Ferro Alloys IMFA.NSIndia$633M-25%+32%21%1.99×29.5%20.8%
Enviri NVRIUnited States$672M+24%-23%-81%1.05×6.5%-81.2%
Lithium Argentina LARUnited States$686M-64%n/a-7%0.89×12.4%-6.6%
Abenojar Tungsten ABT.LUnited Kingdom$619Mn/an/an/an/an/an/a
Arafura Rare Earths ARU.AXAustralia$610M-56%n/a-8%0.92×13.0%-8.3%
Shivalik Bimetal Controls SBCL.NSIndia$609M+61%+19%22%11.94×158.4%n/a
Meridian Mining MNO.TOCanada$598M-8%n/a-38%5.78×44.1%-38.1%
Wenzhou Hongfeng Electrical Alloy 300283.SZChina$712M-23%+48%11%3.87×39.0%11.1%
Lithium Americas LAC.TOCanada$712M-64%n/a-9%0.49×10.7%-9.3%
Qinghai Jinrui Mineral Development 600714.SSChina$593M-38%-6%3%5.01×48.9%3.1%
Gold Royalty GROYUnited States$723M-14%+82%0%0.99×10.6%0.2%
NorthIsle Copper and Gold NCX.VCanada$725M+3%n/a-33%7.55×85.9%-33.3%
OSAKA Titanium Technologies 5726.TJapan$584M-18%-8%7%1.70×14.8%7.3%
Talamore Mining TALA.TOCanada$728M-32%n/a-61%5.37×84.0%-60.7%
Bannerman Energy BMN.AXAustralia$578M-15%n/a-4%2.69×28.8%-3.6%
Infund 002141.SZChina$738M+32%-3%9%5.48×37.3%8.8%

Questions

Which companies are Marimaca Copper's closest peers?
The cockpit's peer set: Sigma Lithium (SGML), Fuda New Material (603045.SS), Lingyuan Iron & Steel (600231.SS), Gruvaktiebolaget Viscaria (VISC.ST), Indian Metals & Ferro Alloys (IMFA.NS), Enviri (NVRI), Lithium Argentina (LAR), Abenojar Tungsten (ABT.L).
Is Marimaca Copper expensive compared with its peers?
On price / book it trades at 2.46× against a peer median of 2.69×, 10th cheapest of 20 in its peer set. The share price implies a return on equity of about 14.1%; Marimaca Copper delivers -16.4%, so the price asks more than the business earns today.
How has Marimaca Copper stock performed?
Over six months to 6 Nov 2026 the shares returned -18.4% against -23.3% for the median peer; over one year -35.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.