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DAF

Discovery AfricaASX:DAF Stock Report

Market Cap

AU$8.1m

7D

-7.0%

1Y

-4.8%

Updated

20 Oct, 2021

Data

Company Financials
DAF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

DAF Overview

Discovery Africa Limited operates as a mineral exploration company in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Discovery Africa
Historical stock prices
Current Share PriceAU$0.04
52 Week HighAU$0.026
52 Week LowAU$0.06
Beta3.23
1 Month Change8.11%
3 Month Change-23.08%
1 Year Change-4.76%
3 Year Change185.71%
5 Year Change233.33%
Change since IPO-78.38%

Recent News & Updates

Dec 23
Is Discovery Africa Limited's(ASX:DAF) Recent Stock Performance Tethered To Its Strong Fundamentals?

Is Discovery Africa Limited's(ASX:DAF) Recent Stock Performance Tethered To Its Strong Fundamentals?

Most readers would already be aware that Discovery Africa's (ASX:DAF) stock increased significantly by 19% over the...

Shareholder Returns

DAFAU Metals and MiningAU Market
7D-7.0%1.8%1.5%
1Y-4.8%11.3%21.1%

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

Return vs Market: DAF underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is DAF's price volatile compared to industry and market?
DAF volatility
DAF Beta3.23
Industry Beta0.97
Market Beta1

Stable Share Price: DAF is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: DAF's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.discoveryafrica.com.au

Discovery Africa Limited operates as a mineral exploration company in Western Australia. The company holds interest in Chulitna project covering 199.4 square kilometers located in the state of Alaska public lands; and a 100% interest in the Warriedar gold project that consists of 4 blocks and is located in Yalgoo mineral field. The company was formerly known as Baru Resources Limited and changed its name to Discovery Africa Limited in November 2013.

Discovery Africa Fundamentals Summary

How do Discovery Africa's earnings and revenue compare to its market cap?
DAF fundamental statistics
Market CapAU$8.13m
Earnings (TTM)-AU$266.31k
Revenue (TTM)AU$8.75k

1.0kx

P/S Ratio

-30.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DAF income statement (TTM)
RevenueAU$8.75k
Cost of RevenueAU$0
Gross ProfitAU$8.75k
ExpensesAU$275.06k
Earnings-AU$266.31k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0013
Gross Margin100.00%
Net Profit Margin-3,043.21%
Debt/Equity Ratio0.0%

How did DAF perform over the long term?

See historical performance and comparison

Valuation

Is Discovery Africa undervalued compared to its fair value and its price relative to the market?

4.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: DAF is overvalued based on its PB Ratio (4.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.03%

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 Discovery Africa 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 Discovery Africa performed over the past 5 years?

9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAF is currently unprofitable.

Growing Profit Margin: DAF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DAF is unprofitable, but has reduced losses over the past 5 years at a rate of 9% per year.

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

Earnings vs Industry: DAF 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: DAF has a negative Return on Equity (-13.72%), as it is currently unprofitable.


Financial Health

How is Discovery Africa's financial position?


Financial Position Analysis

Short Term Liabilities: DAF's short term assets (A$1.6M) exceed its short term liabilities (A$53.9K).

Long Term Liabilities: DAF has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: DAF is debt free.

Reducing Debt: DAF has not had any debt for 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 DAF has enough cash runway based on its current free cash flow.

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


Dividend

What is Discovery Africa current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Discovery Africa has no CEO, or we have no data on them.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Discovery Africa Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Discovery Africa Limited
  • Ticker: DAF
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.129m
  • Shares outstanding: 203.23m
  • Website: https://www.discoveryafrica.com.au

Location

  • Discovery Africa Limited
  • 18 Sangiorgio Court
  • Osborne Park
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:03
End of Day Share Price2021/10/19 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.