Stock Analysis Report

Executive Summary

AuStar Gold Limited engages in the exploration of gold mines in Australia.

Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has AuStar Gold's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: AUL's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




AU Metals and Mining


AU Market

1 Year Return




AU Metals and Mining


AU Market

Return vs Industry: AUL underperformed the Australian Metals and Mining industry which returned 6.2% over the past year.

Return vs Market: AUL underperformed the Australian Market which returned 15.5% over the past year.

Shareholder returns

7 Day0%0.8%0.7%
30 Day0%-5.1%0.8%
90 Dayn/a5.9%6.1%
1 Year-45.6%-45.6%11.7%6.2%20.6%15.5%
3 Year-72.8%-72.8%55.5%36.4%38.1%19.7%
5 Year-75.5%-75.5%85.7%41.9%51.8%17.9%

Price Volatility Vs. Market

How volatile is AuStar Gold's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: AUL is overvalued based on its PB Ratio (12.9x) compared to the AU Metals and Mining industry average (1.4x).

Next Steps

Future Growth

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


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 AuStar 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.

Next Steps

Past Performance

How has AuStar Gold performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AUL is currently unprofitable.

Growing Profit Margin: AUL is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: AUL is unprofitable, and losses have increased over the past 5 years at a rate of -14.2% per year.

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

Earnings vs Industry: AUL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.7%).

Return on Equity

High ROE: AUL has a negative Return on Equity (-7584.02%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is AuStar Gold's financial position?

Financial Position Analysis

Short Term Liabilities: AUL's short term assets (A$1.0M) do not cover its short term liabilities (A$1.4M).

Long Term Liabilities: AUL has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: AUL's debt to equity ratio (29.6%) is considered satisfactory.

Reducing Debt: AUL's debt to equity ratio has increased from 0% to 29.6% over the past 5 years.

Balance Sheet

Inventory Level: AUL has a high level of physical assets or inventory.

Debt Coverage by Assets: AUL's debt is covered by short term assets (assets are 18.7x debt).

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

Forecast Cash Runway: AUL has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.8% each year

Next Steps


What is AuStar Gold's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market


Current dividend yield vs market & industry

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

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

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AUL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AUL'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 AUL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.

Next Steps


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


Average management tenure


Bill Frazer 0




Mr. Bill Frazer, Dip Min Eng RMIT MAusIMM, is the Chief Executive Officer of AuStar Gold Limited since October 28, 2019. Bill joined the business following a role at Oreteck Consulting, Melbourne. Mr. Fraz ...

Leadership Team

Bill Frazer
Chief Executive Officer0.3yrsno datano data
Toni Griffith
Chief Financial Officer0.3yrsno datano data
Peter deVries
Exploration Manager0yrsno datano data
Sue-Ann Higgins
Company Secretary0.2yrsno datano data


Average Tenure

Experienced Management: AUL's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.

Board Members

Philip Amery
Independent Chairman0.08yrsno data0.97% A$80.9k
Matthew Gill
Independent Non-Executive Director3.5yrsAU$64.39kno data
Christopher Wellesley
Independent Director1.2yrsAU$22.50kno data
Paul McNally
Independent Director0.6yrsno data12.52% A$1.0m


Average Tenure

Experienced Board: AUL's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


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 87.3%.

Top Shareholders

Company Information

AuStar Gold Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: AuStar Gold Limited
  • Ticker: AUL
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.306m
  • Shares outstanding: 33.90m
  • Website:


  • AuStar Gold Limited
  • 6 Bridge Street
  • Level 6
  • Woods Point
  • Queensland
  • 3723
  • Australia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AULNBASX (Australian Securities Exchange)NPV DFD (EX-RIGHTS)AUAUDNo data
AULASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2006
QFOADB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2006
AULDBASX (Australian Securities Exchange)Npv Opt Dfd 11/12/19 (ex-Splt)AUAUDNov 2019


AuStar Gold Limited engages in the exploration of gold mines in Australia. Its flagship property is the Morning Star gold project located in Melbourne, Victoria. The company was formerly known as Mantle Mining Corporation Limited and changed its name to AuStar Gold Limited in December 2017. AuStar Gold Limited was incorporated in 2003 and is based in Woods Point, Australia. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 10:38
End of Day Share Price2020/01/15 00:00
Annual Earnings2019/06/30

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.