African Gold Limited acquires, explores for, evaluates, and exploits mineral resource projects in Africa.
Flawless balance sheet and overvalued.
Share Price & News
How has African Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: A1G's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: A1G underperformed the Australian Metals and Mining industry which returned 1.9% over the past year.
Return vs Market: A1G underperformed the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is African Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StWe're Hopeful That African Gold (ASX:A1G) Will Use Its Cash Wisely
1 month ago | Simply Wall StCan We See Significant Insider Ownership On The African Gold Limited (ASX:A1G) Share Register?
3 months ago | Simply Wall StWe're Hopeful That African Gold (ASX:A1G) Will Use Its Cash Wisely
Is African Gold undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate A1G's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate A1G's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: A1G is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: A1G 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 A1G's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: A1G is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (1.3x).
How is African Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials 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 African Gold 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.
- Examine African Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- African Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has African Gold performed over the past 5 years?
Historical Materials annual earnings growth
Earnings and Revenue History
Quality Earnings: A1G is currently unprofitable.
Growing Profit Margin: A1G is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if A1G's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare A1G's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: A1G is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (24.1%).
Return on Equity
High ROE: A1G has a negative Return on Equity (-17.53%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is African Gold's financial position?
Financial Position Analysis
Short Term Liabilities: A1G's short term assets (A$3.5M) exceed its short term liabilities (A$283.8K).
Long Term Liabilities: A1G has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: A1G is debt free.
Reducing Debt: A1G has not had any debt for past 5 years.
Inventory Level: A1G has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if A1G's debt is covered by short term assets.
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: A1G has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: A1G has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of -218.3% each year.
What is African Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate A1G's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate A1G'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 A1G's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if A1G'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 A1G's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glen Edwards 0
Mr. Glen Warren Edwards serves as Exploration Manager at African Gold Limited and serves as its Chief Executive Officer since November 1, 2018. Mr. Glen Warren Edwards, AIG, SEG served as Exploration Manag ...
|CEO & Exploration Manager||1.3yrs||no data||no data|
|Company Secretary & CFO||2yrs||no data||0.45% A$32.8k|
|Executive Director||2yrs||no data||9.9% A$718.8k|
Experienced Management: A1G's management team is considered experienced (2 years average tenure).
|Executive Director||2yrs||no data||9.9% A$718.8k|
|Non Executive Chairman||1.9yrs||no data||9.47% A$687.7k|
|Non Executive Director||2yrs||no data||9.81% A$712.5k|
Experienced Board: A1G's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: A1G insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
African Gold Limited's company bio, employee growth, exchange listings and data sources
- Name: African Gold Limited
- Ticker: A1G
- Exchange: ASX
- Founded: 2018
- Industry: Gold
- Sector: Materials
- Market Cap: AU$7.263m
- Shares outstanding: 58.10m
- Website: https://www.african-gold.com
- African Gold Limited
- 24 Outram Street
- Level 3
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|A1G||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Feb 2019|
|A1G||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Feb 2019|
African Gold Limited acquires, explores for, evaluates, and exploits mineral resource projects in Africa. The company explores for gold deposits. It holds a 100% interest in the Agboville Gold Project comprising 1400 square kilometers of area located in Cote d’Ivoire, Abidjan. The company was incorporated in 2018 and is based in West Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:51|
|End of Day Share Price||2020/02/24 00:00|
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.