ASX:LAM

Stock Analysis Report

Laramide Resources

Executive Summary

Laramide Resources Ltd. explores for and develops uranium projects in Australia and the United States.


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Laramide Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LAM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

LAM

-10.4%

AU Oil and Gas

-7.1%

AU Market


1 Year Return

n/a

LAM

-19.1%

AU Oil and Gas

6.7%

AU Market

Return vs Industry: Insufficient data to determine how LAM performed against the Australian Oil and Gas industry.

Return vs Market: Insufficient data to determine how LAM performed against the Australian Market.


Shareholder returns

LAMIndustryMarket
7 Day0%-10.4%-7.1%
30 Day0%-14.6%-5.3%
90 Day0%-16.2%-3.2%
1 Yearn/a-15.9%-19.1%11.3%6.7%
3 Year-61.5%-61.5%0.4%-10.4%28.2%11.2%
5 Year-21.9%-21.9%-7.3%-23.2%40.9%9.2%

Price Volatility Vs. Market

How volatile is Laramide Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Laramide Resources undervalued compared to its fair value and its price relative to the market?

0.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LAM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LAM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LAM is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: LAM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LAM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LAM is good value based on its PB Ratio (0.4x) compared to the AU Oil and Gas industry average (1.2x).


Next Steps

Future Growth

How is Laramide Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Laramide Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Laramide Resources performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LAM is currently unprofitable.

Growing Profit Margin: LAM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LAM is unprofitable, but has reduced losses over the past 5 years at a rate of 26.2% per year.

Accelerating Growth: Unable to compare LAM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LAM is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (14.4%).


Return on Equity

High ROE: LAM has a negative Return on Equity (-2.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is Laramide Resources's financial position?


Financial Position Analysis

Short Term Liabilities: LAM's short term assets (CA$910.8K) do not cover its short term liabilities (CA$5.4M).

Long Term Liabilities: LAM's short term assets (CA$910.8K) do not cover its long term liabilities (CA$10.0M).


Debt to Equity History and Analysis

Debt Level: LAM's debt to equity ratio (13.6%) is considered satisfactory.

Reducing Debt: LAM's debt to equity ratio has increased from 6.9% to 13.6% over the past 5 years.


Balance Sheet

Inventory Level: LAM has a high level of physical assets or inventory.

Debt Coverage by Assets: LAM's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: LAM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LAM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -10.2% each year


Next Steps

Dividend

What is Laramide Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LAM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate LAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LAM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LAM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LAM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.4yrs

Average board tenure


CEO

Marc Henderson (59yo)

24.8yrs

Tenure

CA$225,000

Compensation

Mr. Marc Charles Henderson, BA Economics, CFA, has been the President and Chief Executive Officer of Laramide Resources Ltd. since 1995. He serves as the Chief Executive Officer and President of Absolut Re ...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD170.28K) is below average for companies of similar size in the Australian market ($USD251.50K).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Marc Henderson
President24.8yrsCA$225.00k8.8% CA$3.3m
D. Patterson
Independent Director24.7yrsCA$24.00k0.97% CA$367.4k
John Cook
Member of Advisory Board14.4yrsno datano data
John Booth
Non-Executive Chairman16.2yrsCA$42.00k0.93% CA$351.5k
Michael Connor
Member of Advisory Board14.4yrsno datano data
J. Ward
Member of the Advisory Board14.1yrsno datano data
Raffi Babikian
Independent Director0.8yrsno data0.030% CA$11.4k

14.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: LAM's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.6%.


Top Shareholders

Company Information

Laramide Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Laramide Resources Ltd.
  • Ticker: LAM
  • Exchange: ASX
  • Founded: 1980
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: CA$33.083m
  • Listing Market Cap: CA$37.733m
  • Shares outstanding: 165.41m
  • Website: https://laramide.com

Number of Employees


Location

  • Laramide Resources Ltd.
  • The Exchange Tower
  • Suite 3680
  • Toronto
  • Ontario
  • M5X 1B1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAMTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1988
L4RDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
LMRX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
0V3PLSE (London Stock Exchange)YesCommon SharesGBCADSep 1988
LAMASX (Australian Securities Exchange)CDI NPVAUAUDApr 2013

Biography

Laramide Resources Ltd. explores for and develops uranium projects in Australia and the United States. Its flagship project is the Westmoreland property located in Queensland, Australia. Laramide Resources Ltd. was incorporated in 1980 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 10:39
End of Day Share Price2019/11/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.