company background image
AKM

Aspire MiningASX:AKM Stock Report

Market Cap

AU$49.2m

7D

-3.0%

1Y

31.1%

Updated

21 Oct, 2021

Data

Company Financials
AKM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

AKM Overview

Aspire Mining Limited engages in the exploration and development of metallurgical coal assets in Mongolia.

Price History & Performance

Summary of all time highs, changes and price drops for Aspire Mining
Historical stock prices
Current Share PriceAU$0.097
52 Week HighAU$0.069
52 Week LowAU$0.15
Beta1.4
1 Month Change19.75%
3 Month Change36.62%
1 Year Change31.08%
3 Year Change-51.50%
5 Year Change-72.29%
Change since IPO-96.12%

Recent News & Updates

Sep 07
We Think Aspire Mining (ASX:AKM) Can Easily Afford To Drive Business Growth

We Think Aspire Mining (ASX:AKM) Can Easily Afford To Drive Business Growth

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

May 25
We're Interested To See How Aspire Mining (ASX:AKM) Uses Its Cash Hoard To Grow

We're Interested To See How Aspire Mining (ASX:AKM) Uses Its Cash Hoard To Grow

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

Feb 09
We're Hopeful That Aspire Mining (ASX:AKM) Will Use Its Cash Wisely

We're Hopeful That Aspire Mining (ASX:AKM) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Shareholder Returns

AKMAU Metals and MiningAU Market
7D-3.0%-0.3%0.7%
1Y31.1%12.5%21.4%

Return vs Industry: AKM exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: AKM exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is AKM's price volatile compared to industry and market?
AKM volatility
AKM Beta1.4
Industry Beta0.97
Market Beta1

Stable Share Price: AKM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: AKM's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aAchit-Erdene Darambazarhttps://www.aspiremininglimited.com

Aspire Mining Limited engages in the exploration and development of metallurgical coal assets in Mongolia. The company holds 100% interest in the Ovoot coking coal project that consists of one mining license and two contiguous exploration licenses in approximately 130 square kilometers located in north-western Mongolia. It also holds a 90% interest in the Nuurstei coking coal project, as well as operates rail from the town of Erdenet to the Ovoot Coking Coal Railway in northern Mongolia.

Aspire Mining Fundamentals Summary

How do Aspire Mining's earnings and revenue compare to its market cap?
AKM fundamental statistics
Market CapAU$49.24m
Earnings (TTM)-AU$5.17m
Revenue (TTM)n/a

0x

P/S Ratio

-9.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKM income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$5.17m
Earnings-AU$5.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.01
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.08%

How did AKM perform over the long term?

See historical performance and comparison

Valuation

Is Aspire Mining undervalued compared to its fair value and its price relative to the market?

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: AKM is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Aspire Mining 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 Aspire Mining performed over the past 5 years?

-10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AKM is currently unprofitable.

Growing Profit Margin: AKM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AKM is unprofitable, and losses have increased over the past 5 years at a rate of 10.1% per year.

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

Earnings vs Industry: AKM 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: AKM has a negative Return on Equity (-7.4%), as it is currently unprofitable.


Financial Health

How is Aspire Mining's financial position?


Financial Position Analysis

Short Term Liabilities: AKM's short term assets (A$34.7M) exceed its short term liabilities (A$229.2K).

Long Term Liabilities: AKM's short term assets (A$34.7M) exceed its long term liabilities (A$43.0K).


Debt to Equity History and Analysis

Debt Level: AKM's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: AKM's debt to equity ratio has reduced from 19.6% to 0.08% 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: AKM has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AKM has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 0.1% each year


Dividend

What is Aspire Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

10.0yrs

Average management tenure


CEO

Achit-Erdene Darambazar

1.83yrs

Tenure

AU$244,125

Compensation

Mr. Achit-Erdene Darambazar has been the Managing Director and Executive Director of Aspire Mining Limited since December 5, 2019 and served as its Non-Executive Director since December 7, 2018 until Decem...


CEO Compensation Analysis

Compensation vs Market: Achit-Erdene's total compensation ($USD182.82K) is below average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Achit-Erdene's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: AKM's management team is seasoned and experienced (10 years average tenure).


Board Members

Experienced Board: AKM's board of directors are considered experienced (3.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aspire Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Aspire Mining Limited
  • Ticker: AKM
  • Exchange: ASX
  • Founded: 2006
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$49.241m
  • Shares outstanding: 507.64m
  • Website: https://www.aspiremininglimited.com

Location

  • Aspire Mining Limited
  • 190 St Georges Terrace
  • Mezzanine Level
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:14
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.