Loading...

Anson Resources

ASX:ASN
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASN
ASX
A$33M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Anson Resources Limited, an exploration company, focuses on the exploration, acquisition, and development of natural resources in the United States and Western Australia. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Anson Resources has significant price volatility in the past 3 months.
ASN Share Price and Events
7 Day Returns
-5.7%
ASX:ASN
2%
AU Metals and Mining
0.4%
AU Market
1 Year Returns
20%
ASX:ASN
16.5%
AU Metals and Mining
4.5%
AU Market
ASN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Anson Resources (ASN) -5.7% -20.5% 8.2% 20% 340% 340%
AU Metals and Mining 2% -0.3% 15.1% 16.5% 101% 9.7%
AU Market 0.4% 0.4% 12.2% 4.5% 20.7% 5.7%
1 Year Return vs Industry and Market
  • ASN outperformed the Metals and Mining industry which returned 16.5% over the past year.
  • ASN outperformed the Market in Australia which returned 4.5% over the past year.
Price Volatility
ASN
Industry
5yr Volatility vs Market

Value

 Is Anson Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Anson Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Anson Resources.

ASX:ASN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:ASN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 30%) (0.02%))
1.074
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.074 * 5.96%)
8.71%

Discounted Cash Flow Calculation for ASX:ASN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Anson Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:ASN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.71%)
2019 6,733.96 Est @ 53.19% 6,194.37
2020 9,288.05 Est @ 37.93% 7,859.19
2021 11,818.44 Est @ 27.24% 9,198.99
2022 14,154.25 Est @ 19.76% 10,134.29
2023 16,210.65 Est @ 14.53% 10,676.62
2024 17,971.70 Est @ 10.86% 10,888.02
2025 19,463.00 Est @ 8.3% 10,846.67
2026 20,728.53 Est @ 6.5% 10,626.29
2027 21,815.78 Est @ 5.25% 10,287.52
2028 22,768.09 Est @ 4.37% 9,876.27
Present value of next 10 years cash flows A$96,588.23
ASX:ASN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$22,768.09 × (1 + 2.31%) ÷ (8.71% – 2.31%)
A$364,035.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$364,035.21 ÷ (1 + 8.71%)10
A$157,910.09
ASX:ASN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$96,588.23 + A$157,910.09
A$254,498.32
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$254,498.32 / 495.36
A$513.76
ASX:ASN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$513.76
Current discount Discount to share price of A$0.07
= -1 x (A$0.07 - A$513.76) / A$513.76
100%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Anson Resources is available for.
Intrinsic value
>50%
Share price is A$0.07 vs Future cash flow value of A$513.76
Current Discount Checks
For Anson Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Anson Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Anson Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Anson Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Anson Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ASN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:ASN Share Price ** ASX (2019-03-25) in AUD A$0.07
Australia Metals and Mining Industry PE Ratio Median Figure of 83 Publicly-Listed Metals and Mining Companies 12.6x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Anson Resources.

ASX:ASN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ASN Share Price ÷ EPS (both in AUD)

= 0.07 ÷ -0.01

-5.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anson Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Anson Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Anson Resources's expected growth come at a high price?
Raw Data
ASX:ASN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.7x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Anson Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Anson Resources's assets?
Raw Data
ASX:ASN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:ASN Share Price * ASX (2019-03-25) in AUD A$0.07
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.57x
Australia Market PB Ratio Median Figure of 1,669 Publicly-Listed Companies 1.69x
ASX:ASN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ASN Share Price ÷ Book Value per Share (both in AUD)

= 0.07 ÷ 0.01

8.62x

* Primary Listing of Anson Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anson Resources is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Anson Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Anson Resources has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Anson Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Anson Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Anson Resources expected to grow at an attractive rate?
  • Unable to compare Anson Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Anson Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Anson Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:ASN Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:ASN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ASN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -5 -5
2018-09-30 0 -5 -5
2018-06-30 -4 -4
2018-03-31 0 -3 -3
2017-12-31 0 -2 -3
2017-09-30 0 -2 -2
2017-06-30 -2 -2
2017-03-31 0 -2 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -1
2016-06-30 0 -1 -1
2016-03-31 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Anson Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Anson Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ASN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Anson Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ASN Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Anson Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ASN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Anson Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Anson Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Anson Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Anson Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Anson Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Anson Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Anson Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Anson Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Anson Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Anson Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Anson Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ASN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.02 -5.27 4.29
2018-09-30 -0.01 -4.81 3.90
2018-06-30 -4.35 3.52
2018-03-31 0.01 -3.48 2.90
2017-12-31 0.02 -2.60 2.19
2017-09-30 0.01 -2.17 1.92
2017-06-30 -1.74 1.64
2017-03-31 0.00 -1.42 1.46
2016-12-31 0.00 -1.10 1.27
2016-09-30 0.00 -1.22 1.20
2016-06-30 0.00 -1.33 1.12
2016-03-31 0.00 -1.08 0.94
2015-12-31 0.00 -0.83 0.76
2015-09-30 0.00 -0.58 0.69
2015-06-30 0.00 -0.33 0.61
2015-03-31 0.01 -0.45 0.61
2014-12-31 0.02 -0.56 0.61
2014-09-30 0.02 -0.66 0.62
2014-06-30 0.02 -0.76 0.64
2014-03-31 0.07 -0.69 0.68
2013-12-31 0.12 -0.62 0.72
2013-09-30 0.12 -0.64 0.72
2013-06-30 0.12 -0.65 0.72
2013-03-31 0.15 -0.65 0.72
2012-12-31 0.18 -0.65 0.72
2012-09-30 0.18 -0.67 0.76
2012-06-30 0.18 -0.68 0.79
2012-03-31 0.18 -0.76 0.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Anson Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Anson Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Anson Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Anson Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Anson Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Anson Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Anson Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Anson Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Anson Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Anson Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 430.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Anson Resources Company Filings, last reported 2 months ago.

ASX:ASN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3.80 0.01 2.90
2018-09-30 3.80 0.01 2.90
2018-06-30 2.02 0.01 1.77
2018-03-31 2.02 0.01 1.77
2017-12-31 3.51 0.01 3.49
2017-09-30 3.51 0.01 3.49
2017-06-30 0.60 0.01 0.61
2017-03-31 0.60 0.01 0.61
2016-12-31 1.04 0.00 0.76
2016-09-30 1.04 0.00 0.76
2016-06-30 1.40 0.00 1.35
2016-03-31 1.40 0.00 1.35
2015-12-31 1.23 0.00 1.10
2015-09-30 1.23 0.00 1.10
2015-06-30 1.63 0.00 1.64
2015-03-31 1.63 0.00 1.64
2014-12-31 1.80 0.00 1.80
2014-09-30 1.80 0.00 1.80
2014-06-30 1.90 0.00 1.90
2014-03-31 1.90 0.00 1.90
2013-12-31 2.27 0.00 2.29
2013-09-30 2.27 0.00 2.29
2013-06-30 2.62 0.00 2.61
2013-03-31 2.62 0.00 2.61
2012-12-31 2.89 0.00 2.93
2012-09-30 2.89 0.00 2.93
2012-06-30 3.27 0.00 3.25
2012-03-31 3.27 0.00 3.25
  • Anson Resources's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.2% today).
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.

  • Anson Resources has less than a year of cash runway based on current free cash flow.
  • Anson Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 62.7% each year.
X
Financial health checks
We assess Anson Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Anson Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Anson Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Anson Resources dividends.
If you bought A$2,000 of Anson Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Anson Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Anson Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:ASN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Anson Resources has not reported any payouts.
  • Unable to verify if Anson Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Anson Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Anson Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Anson Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Anson Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Anson Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Anson Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Richardson
COMPENSATION A$558,473
TENURE AS CEO 9.9 years
CEO Bio

Mr. Bruce Andrew Richardson has been Managing Director of Anson Resources Limited since April 30, 2009. He is Executive Chairman and Chief Executive Officer at Anson Resources Limited since October 18, 2018. Mr. Richardson has spent more than 30 years developing business opportunities in China. He has held senior positions in industry and government. He has 16 years’ experience in the private sector having worked as General Manager of one of Australia’s blue chip companies in Shanghai. He also worked as General Manager of a UK-based company with production and marketing operations in China, and General Manager of a business consultancy company based in Beijing. Mr. Richardson had 10 years’ experience in the public sector having worked as an Australian Trade Commissioner in the Australian Embassy in Beijing, and as Trade Development Director, Australian Commerce & Industry Office Taipei, Taiwan. In 2006/07, Mr. Richardson worked for the Western Australian government as Manager China, Department of Industry and Resources developing business and political relationships with China. Mr. Richardson has an extensive business network, particularly in the iron and steel industry. Over the past eight years Mr. Richardson has been involved in developing resource projects.

CEO Compensation
  • Bruce's compensation has increased whilst company is loss making.
  • Bruce's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Anson Resources management team in years:

1.2
Average Tenure
  • The average tenure for the Anson Resources management team is less than 2 years, this suggests a new team.
Management Team

Bruce Richardson

TITLE
CEO, MD & Executive Chairman
COMPENSATION
A$558K
TENURE
9.9 yrs

Nevenka Jackson

TITLE
Chief Financial Officer
COMPENSATION
A$153K
AGE
46
TENURE
1.2 yrs

Kim Hogg

TITLE
Company Secretary
COMPENSATION
A$42K
AGE
59
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure of the Anson Resources board of directors in years:

0.4
Average Tenure
  • The average tenure for the Anson Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bruce Richardson

TITLE
CEO, MD & Executive Chairman
COMPENSATION
A$558K
TENURE
0.4 yrs

Greg Knox

TITLE
Non-Executive Director
COMPENSATION
A$312K
TENURE
7.5 yrs

Michael van Uffelen

TITLE
Non-Executive Director
COMPENSATION
A$119K
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Anson Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Anson Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Anson Resources Limited's (ASX:ASN) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bruce Richardson's Compensation Compare With Similar Sized Companies. … According to our data, Anson Resources Limited has a market capitalization of AU$38m, and pays its CEO total annual compensation worth AU$558k.

Simply Wall St -

How Much Of Anson Resources Limited (ASX:ASN) Do Insiders Own?

A look at the shareholders of Anson Resources Limited (ASX:ASN) can tell us which group is most powerful. … With a market capitalization of AU$36m, Anson Resources is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Anson Resources

Simply Wall St -

What Are The Drivers Of Anson Resources Limited's (ASX:ASN) Risks?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … According to this value of beta, ASN may be a stock for investors with a portfolio mainly made up of low-beta stocks. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

With A -135.21% Earnings Drop, Is Anson Resources Limited's (ASX:ASN) A Concern?

For Anson Resources, its most recent bottom-line (trailing twelve month) is -AU$2.60M, which, in comparison to the previous year's level, has become more negative. … Each year, for the past half a decade Anson Resources has seen an annual decline in revenue of -48.36%, on average. … This means that any tailwind the industry is profiting from, Anson Resources has not been able to gain as much as its average peer.What does this mean?

Simply Wall St -

Company Info

Description

Anson Resources Limited, an exploration company, focuses on the exploration, acquisition, and development of natural resources in the United States and Western Australia. The company explores for lithium, zinc, lead, silver, graphite, gold, and nickel-cobalt laterites. Its flagship project is the Paradox Brine project, which is a subterranean pressurized brine comprising 291 placer claims covering 2,234 hectares located in the Paradox Basin, Grand County, Utah. The company was formerly known as Mayan Iron Corporation Limited and changed its name to Anson Resources Limited in January 2016. Anson Resources Limited was founded in 2009 and is headquartered in West Perth, Australia.

Details
Name: Anson Resources Limited
ASN
Exchange: ASX
Founded: 2009
A$32,693,913
495,362,331
Website: http://www.ansonresources.com
Address: Anson Resources Limited
1292 Hay Street,
Suite 3.4,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ASN Ordinary Shares Australian Securities Exchange AU AUD 08. Jul 2010
DB 9MY Ordinary Shares Deutsche Boerse AG DE EUR 08. Jul 2010
CHIA ASN Ordinary Shares Chi-X Australia AU AUD 08. Jul 2010
Number of employees
Current staff
Staff numbers
0
Anson Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 10:33
End of day share price update: 2019/03/25 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.