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ADT

Adriatic MetalsASX:ADT Stock Report

Market Cap

AU$630.2m

7D

5.8%

1Y

39.3%

Updated

26 Oct, 2021

Data

Company Financials +
ADT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ADT Overview

Adriatic Metals PLC, through its subsidiaries, engages in the mineral exploration and development business in Bosnia and Herzegovina.

Price History & Performance

Summary of all time highs, changes and price drops for Adriatic Metals
Historical stock prices
Current Share PriceAU$2.94
52 Week HighAU$2.01
52 Week LowAU$3.35
Beta0.99
1 Month Change1.03%
3 Month Change2.80%
1 Year Change39.34%
3 Year Change449.53%
5 Year Changen/a
Change since IPO1,407.69%

Recent News & Updates

Shareholder Returns

ADTAU Metals and MiningAU Market
7D5.8%-0.4%0.8%
1Y39.3%15.6%24.4%

Return vs Industry: ADT exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: ADT exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is ADT's price volatile compared to industry and market?
ADT volatility
ADT Beta0.99
Industry Beta0.97
Market Beta1

Stable Share Price: ADT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ADT's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201773Paul Croninhttps://www.adriaticmetals.com

Adriatic Metals PLC, through its subsidiaries, engages in the mineral exploration and development business in Bosnia and Herzegovina. The company explores for zinc, lead, barite, gold, silver, and copper deposits. Its flagship project is the Vares Silver Project located in the Federation of Bosnia and Herzegovina.

Adriatic Metals Fundamentals Summary

How do Adriatic Metals's earnings and revenue compare to its market cap?
ADT fundamental statistics
Market CapUK£343.15m
Earnings (TTM)-UK£11.39m
Revenue (TTM)n/a

0x

P/S Ratio

-30.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADT income statement (TTM)
RevenueUK£0
Cost of RevenueUK£0
Gross ProfitUK£0
ExpensesUK£11.39m
Earnings-UK£11.39m

Valuation

Is Adriatic Metals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADT (A$2.94) is trading below our estimate of fair value (A$25.49)

Significantly Below Fair Value: ADT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ADT is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: ADT 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 ADT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ADT is overvalued based on its PB Ratio (7.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Adriatic Metals forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

89.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: ADT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ADT's is expected to become profitable in the next 3 years.

Revenue vs Market: ADT is forecast to have no revenue next year.

High Growth Revenue: ADT is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADT's Return on Equity is forecast to be very high in 3 years time (59.8%).


Past Performance

How has Adriatic Metals performed over the past 5 years?

-65.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADT is currently unprofitable.

Growing Profit Margin: ADT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADT is unprofitable, and losses have increased over the past 5 years at a rate of 65.8% per year.

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

Earnings vs Industry: ADT 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: ADT has a negative Return on Equity (-23.48%), as it is currently unprofitable.


Financial Health

How is Adriatic Metals's financial position?


Financial Position Analysis

Short Term Liabilities: ADT's short term assets (£30.2M) exceed its short term liabilities (£4.6M).

Long Term Liabilities: ADT's short term assets (£30.2M) exceed its long term liabilities (£14.9M).


Debt to Equity History and Analysis

Debt Level: ADT's debt to equity ratio (24.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ADT's debt to equity ratio has reduced over the 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: Insufficient data to determine if ADT has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ADT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Adriatic Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ADT'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 ADT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADT'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 ADT'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?

1.8yrs

Average management tenure


CEO

Paul Cronin (47 yo)

2.08yrs

Tenure

UK£858,889

Compensation

Mr. Paul David Cronin, B.Com., M.B.A., serves as the Non-Executive Director at Taruga Minerals Limited since July 26, 2020. He serves as Managing Director and Chief Executive Officer of Adriatic Metals PLC...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.18M) is above average for companies of similar size in the Australian market ($USD723.99K).

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


Leadership Team

Experienced Management: ADT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ADT's board of directors are not considered experienced ( 2.8 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 diluted in the past year, with total shares outstanding growing by 9.2%.


Top Shareholders

Company Information

Adriatic Metals PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Adriatic Metals PLC
  • Ticker: ADT
  • Exchange: ASX
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$630.174m
  • Shares outstanding: 214.34m
  • Website: https://www.adriaticmetals.com

Number of Employees


Location

  • Adriatic Metals PLC
  • Regent House
  • Ground Floor
  • Cheltenham
  • Gloucestershire
  • GL50 1HX
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:30
End of Day Share Price2021/10/26 00:00
Earnings2020/12/31
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.