Classic Minerals Limited engages in the exploration of mineral resource based projects in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.001|
|52 Week High||AU$0.001|
|52 Week Low||AU$0.002|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-50.00%|
|3 Year Change||-80.00%|
|5 Year Change||-75.00%|
|Change since IPO||-99.23%|
Recent News & Updates
|CLZ||AU Metals and Mining||AU Market|
Return vs Industry: CLZ underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.
Return vs Market: CLZ underperformed the Australian Market which returned 21.3% over the past year.
Stable Share Price: CLZ is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 54% a week.
Volatility Over Time: CLZ's weekly volatility has decreased from 96% to 54% over the past year, but is still higher than 75% of Australian stocks.
About the Company
Classic Minerals Limited engages in the exploration of mineral resource based projects in Australia. The company primarily explores for gold and nickel deposits. Its flagship project is the Kat Gap Gold project.
Classic Minerals Fundamentals Summary
|CLZ fundamental statistics|
Is CLZ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CLZ income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00045|
|Net Profit Margin||0.00%|
How did CLZ perform over the long term?See historical performance and comparison
Is Classic Minerals 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 CLZ's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CLZ's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CLZ is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: CLZ 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 CLZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CLZ is overvalued based on its PB Ratio (16.7x) compared to the AU Metals and Mining industry average (2.6x).
How is Classic Minerals 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 Classic Minerals 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.
How has Classic Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLZ is currently unprofitable.
Growing Profit Margin: CLZ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CLZ is unprofitable, and losses have increased over the past 5 years at a rate of 47.3% per year.
Accelerating Growth: Unable to compare CLZ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CLZ 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: CLZ has a negative Return on Equity (-733.51%), as it is currently unprofitable.
How is Classic Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: CLZ's short term assets (A$2.4M) do not cover its short term liabilities (A$10.7M).
Long Term Liabilities: CLZ's short term assets (A$2.4M) exceed its long term liabilities (A$21.2K).
Debt to Equity History and Analysis
Debt Level: CLZ's debt to equity ratio (349.6%) is considered high.
Reducing Debt: CLZ's debt to equity ratio has increased from 231.1% to 349.6% over the past 5 years.
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: CLZ has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CLZ is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
What is Classic Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CLZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CLZ'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 CLZ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLZ'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 CLZ's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dean Goodwin (57 yo)
Mr. Dean Barry Goodwin, BAppSc (Geology), MAIG, is the Chief Executive Officer of Classic Minerals Limited since November 10, 2017. He served as the Managing Director of Mount Ridley Mines Ltd. since Septe...
CEO Compensation Analysis
Compensation vs Market: Dean's total compensation ($USD866.52K) is above average for companies of similar size in the Australian market ($USD302.38K).
Compensation vs Earnings: Dean's compensation has increased whilst the company is unprofitable.
Experienced Board: CLZ's board of directors are not considered experienced ( 2.8 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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 102.8%.
Classic Minerals Limited's employee growth, exchange listings and data sources
- Name: Classic Minerals Limited
- Ticker: CLZ
- Exchange: ASX
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$27.054m
- Shares outstanding: 27.05b
- Website: https://www.classicminerals.com.au
- Classic Minerals Limited
- 71 Furniss Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:54|
|End of Day Share Price||2021/10/25 00:00|
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.