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A1G

African GoldASX:A1G Stock Report

Market Cap

AU$21.3m

7D

12.2%

1Y

58.6%

Updated

17 Oct, 2021

Data

Company Financials
A1G fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

A1G Overview

African Gold Limited engages in acquiring, exploring, evaluating, and exploiting mineral resource projects in Africa.

Price History & Performance

Summary of all time highs, changes and price drops for African Gold
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.14
52 Week LowAU$0.43
Beta2.35
1 Month Change-19.30%
3 Month Change12.20%
1 Year Change58.62%
3 Year Changen/a
5 Year Changen/a
Change since IPO-23.33%

Recent News & Updates

Sep 08
Will African Gold (ASX:A1G) Spend Its Cash Wisely?

Will African Gold (ASX:A1G) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

A1GAU Metals and MiningAU Market
7D12.2%4.3%0.9%
1Y58.6%12.2%20.2%

Return vs Industry: A1G exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: A1G exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is A1G's price volatile compared to industry and market?
A1G volatility
A1G Beta2.35
Industry Beta0.97
Market Beta1

Stable Share Price: A1G is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: A1G's weekly volatility has increased from 16% to 23% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018n/aGlen Edwardshttps://www.african-gold.com

African Gold Limited engages in acquiring, exploring, evaluating, and exploiting mineral resource projects in Africa. The company explores for gold, nickel, cobalt, copper, lithium, tantalum, niobium, and beryllium deposits. The company holds a 100% interest in the Agboville gold project that covers an area of 1,400 square kilometers located in the south east of the West African Craton.

African Gold Fundamentals Summary

How do African Gold's earnings and revenue compare to its market cap?
A1G fundamental statistics
Market CapAU$21.25m
Earnings (TTM)-AU$1.19m
Revenue (TTM)n/a

0x

P/S Ratio

-17.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A1G income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.19m
Earnings-AU$1.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did A1G perform over the long term?

See historical performance and comparison

Valuation

Is African Gold undervalued compared to its fair value and its price relative to the market?

2.81x

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 Australian 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 overvalued based on its PB Ratio (2.8x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.3%

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.


Past Performance

How has African Gold performed over the past 5 years?

-34.2%

Last years 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: Insufficient data to determine if A1G's year-on-year earnings growth rate was positive over the past 5 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 (35.3%).


Return on Equity

High ROE: A1G has a negative Return on Equity (-15.76%), as it is currently unprofitable.


Financial Health

How is African Gold's financial position?


Financial Position Analysis

Short Term Liabilities: A1G's short term assets (A$611.5K) exceed its short term liabilities (A$434.5K).

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.


Balance Sheet


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: A1G has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.2% each year


Dividend

What is African Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate A1G's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A1G's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Glen Edwards

2.92yrs

Tenure

AU$261,938

Compensation

Mr. Glen Warren Edwards serves as Exploration Manager and Chief Executive Officer at African Gold Limited since November 1, 2018. Mr. Glen Warren Edwards, AIG, SEG served as Exploration Manager at Aviva Co...


CEO Compensation Analysis

Compensation vs Market: Glen's total compensation ($USD194.42K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Glen's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: A1G's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: A1G's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.4%.


Top Shareholders

Company Information

African Gold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: African Gold Limited
  • Ticker: A1G
  • Exchange: ASX
  • Founded: 2018
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$21.254m
  • Shares outstanding: 92.41m
  • Website: https://www.african-gold.com

Location

  • African Gold Limited
  • 513 Hay Street
  • Level 1
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:00
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.