Adavale Resources Limited

ASX:ADD Stock Report

Market Cap: AU$2.4m

Adavale Resources Management

Management criteria checks 3/4

Adavale Resources' CEO is Allan Ritchie, appointed in Sep 2020, has a tenure of 4.25 years. total yearly compensation is A$106.06K, comprised of 89.9% salary and 10.1% bonuses, including company stock and options. directly owns 2.05% of the company’s shares, worth A$50.17K. The average tenure of the management team and the board of directors is 3.2 years and 0.4 years respectively.

Key information

Allan Ritchie

Chief executive officer

AU$106.1k

Total compensation

CEO salary percentage89.9%
CEO tenure4.3yrs
CEO ownership2.0%
Management average tenure3.2yrs
Board average tenureless than a year

Recent management updates

Recent updates

We're Hopeful That Adavale Resources (ASX:ADD) Will Use Its Cash Wisely

May 22
We're Hopeful That Adavale Resources (ASX:ADD) Will Use Its Cash Wisely

CEO Compensation Analysis

How has Allan Ritchie's remuneration changed compared to Adavale Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$106kAU$95k

-AU$5m

Mar 31 2024n/an/a

-AU$5m

Dec 31 2023n/an/a

-AU$6m

Sep 30 2023n/an/a

-AU$5m

Jun 30 2023AU$132kAU$132k

-AU$5m

Mar 31 2023n/an/a

-AU$5m

Dec 31 2022n/an/a

-AU$4m

Sep 30 2022n/an/a

-AU$4m

Jun 30 2022AU$108kAU$54k

-AU$5m

Mar 31 2022n/an/a

-AU$4m

Dec 31 2021n/an/a

-AU$4m

Sep 30 2021n/an/a

-AU$3m

Jun 30 2021AU$37kAU$30k

-AU$2m

Mar 31 2021n/an/a

-AU$2m

Dec 31 2020n/an/a

-AU$1m

Sep 30 2020n/an/a

-AU$824k

Jun 30 2020AU$47kn/a

-AU$535k

Mar 31 2020n/an/a

-AU$518k

Dec 31 2019n/an/a

-AU$500k

Sep 30 2019n/an/a

-AU$514k

Jun 30 2019AU$68kn/a

-AU$527k

Dec 31 2018n/an/a

-AU$529k

Sep 30 2018n/an/a

-AU$537k

Jun 30 2018AU$50kn/a

-AU$545k

Compensation vs Market: Allan's total compensation ($USD66.33K) is below average for companies of similar size in the Australian market ($USD291.28K).

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

CEO

Allan Ritchie (58 yo)

4.3yrs

Tenure

AU$106,062

Compensation

Mr. Allan Ritchie served as Interim Chairman of Adavale Resources Limited from September 30, 2024 until October 31, 2024 and serves as its Executive Chairman since October 31, 2024. He also serves as Chief...

Leadership Team

NamePositionTenureCompensationOwnership
Allan Ritchie
CEO & Executive Chairman4.3yrsAU$106.06k2.05%
A$ 50.2k
Leonard Vun Math
CFO & Company Secretary3.2yrsAU$120.73k0.21%
A$ 5.3k
Paschal Wadeya
Chief Geologist2.9yrsno datano data

3.2yrs

Average Tenure

Experienced Management: ADD's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Allan Ritchie
CEO & Executive Chairmanless than a yearAU$106.06k2.05%
A$ 50.2k
John Hicks
Independent Non-Executive Director3.4yrsAU$79.73k0.73%
A$ 17.9k
Maurice Matich
Independent Non-Executive Directorless than a yearno datano data

0.4yrs

Average Tenure

Experienced Board: ADD's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 22:06
End of Day Share Price 2024/12/16 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Adavale Resources Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution