Amex Exploration Inc. (AMX.V)

Amex Exploration Inc. (AMX.V) — VMCI valuation read

Amex Exploration Inc. sits at VMCI 37/100, with the Basic Materials sector median at 50. That 13-point spread is the first thing to note on AMX.V: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on AMX.V are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on AMX.V: AMX.V trades at 26.0x earnings, 44% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 2.6x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

AMX.V fell 0.2% over the trailing 7 days, with a +2.3% read on a 30-day basis.