De Grey Mining Future Growth

Future criteria checks 3/6

De Grey Mining is forecast to grow earnings and revenue by 67.1% and 53.2% per annum respectively. EPS is expected to grow by 69.3% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

67.1%

Earnings growth rate

69.3%

EPS growth rate

Metals and Mining earnings growth	10.7%
Revenue growth rate	53.2%
Future return on equity	16.1%
Analyst coverage	Low
Last updated	20 Nov 2024

Recent future growth updates

Recent updates

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

Nov 13

We're Not Worried About De Grey Mining's (ASX:DEG) Cash Burn

Apr 26

Should Shareholders Have Second Thoughts About A Pay Rise For De Grey Mining Limited's (ASX:DEG) CEO This Year?

Nov 17

We're Hopeful That De Grey Mining (ASX:DEG) Will Use Its Cash Wisely

Jun 15

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

Feb 28

We Discuss Why De Grey Mining Limited's (ASX:DEG) CEO May Deserve A Higher Pay Packet

Nov 17

Earnings and Revenue Growth Forecasts

ASX:DEG - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	1,025	435	-1,295	570	5
6/30/2026	N/A	-56	-798	-61	5
6/30/2025	N/A	-15	-459	-15	5
6/30/2024	0	-17	-119	-12	N/A
3/31/2024	1	-18	-109	-12	N/A
12/31/2023	2	-19	-100	-13	N/A
9/30/2023	1	-19	-92	-13	N/A
6/30/2023	0	-19	-84	-13	N/A
3/31/2023	0	-15	-95	-10	N/A
12/31/2022	0	-12	-106	-8	N/A
9/30/2022	0	-11	-117	-7	N/A
6/30/2022	1	-11	-128	-6	N/A
3/31/2022	1	-9	-114	-7	N/A
12/31/2021	1	-8	-101	-7	N/A
9/30/2021	1	-7	-81	-6	N/A
6/30/2021	1	-5	-61	-4	N/A
3/31/2021	0	-5	-49	-3	N/A
12/31/2020	0	-5	-38	-3	N/A
9/30/2020	0	-5	-28	-2	N/A
6/30/2020	0	-4	-18	-2	N/A
3/31/2020	1	-3	-15	-4	N/A
12/31/2019	1	-2	-12	-5	N/A
9/30/2019	1	-2	-11	-7	N/A
6/30/2019	1	-2	-10	-9	N/A
3/31/2019	1	-1	-10	-9	N/A
12/31/2018	0	0	-10	-9	N/A
9/30/2018	0	-1	-9	-8	N/A
6/30/2018	0	-2	-8	-7	N/A
3/31/2018	0	-4	N/A	-6	N/A
12/31/2017	0	-6	N/A	-5	N/A
9/30/2017	0	-4	N/A	-4	N/A
6/30/2017	0	-3	N/A	-3	N/A
3/31/2017	0	-3	N/A	-2	N/A
12/31/2016	0	-2	N/A	-2	N/A
9/30/2016	0	-1	N/A	-1	N/A
6/30/2016	0	-1	N/A	-1	N/A
3/31/2016	0	-1	N/A	-1	N/A
12/31/2015	0	0	N/A	-1	N/A
9/30/2015	0	0	N/A	-1	N/A
6/30/2015	0	0	N/A	-1	N/A
3/31/2015	0	0	N/A	-1	N/A
12/31/2014	0	0	N/A	0	N/A
9/30/2014	1	0	N/A	0	N/A
6/30/2014	1	0	N/A	0	N/A
3/31/2014	0	-1	N/A	-1	N/A
12/31/2013	0	-2	N/A	-3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DEG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: DEG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DEG is expected to become profitable in the next 3 years.

Revenue vs Market: DEG is forecast to have no revenue next year.

High Growth Revenue: DEG is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DEG's Return on Equity is forecast to be low in 3 years time (16.1%).

De Grey Mining Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Forecast to breakeven in 2027

Consensus revenue estimates decrease by 51%

Price target increased by 7.4% to AU$1.81

Consensus revenue estimates increase by 103%

Price target decreased by 11% to AU$1.60

Price target decreased by 7.4% to AU$1.74

Recent updates

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Forecast to breakeven in 2027

Consensus revenue estimates decrease by 51%

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

Price target increased by 7.4% to AU$1.81

New major risk - Shareholder dilution

Consensus revenue estimates increase by 103%

New minor risk - Profitability

Price target decreased by 11% to AU$1.60

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 600.03125 million.

We're Not Worried About De Grey Mining's (ASX:DEG) Cash Burn

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2023)

Should Shareholders Have Second Thoughts About A Pay Rise For De Grey Mining Limited's (ASX:DEG) CEO This Year?

Lead Independent Non-Executive Director recently sold AU$296k worth of stock

Non-Executive Chairman recently sold AU$303k worth of stock

De Grey Mining Limited, Annual General Meeting, Nov 23, 2023

Price target decreased by 7.4% to AU$1.74

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Financial position

Consensus revenue estimates increase by 53%, EPS downgraded

De Grey Mining Limited Announces the Executive Changes

Technical Director & Director recently sold AU$1.0m worth of stock

Price target decreased by 7.1% to AU$1.91

Consensus EPS estimates fall by 12%

We're Hopeful That De Grey Mining (ASX:DEG) Will Use Its Cash Wisely

Consensus revenue estimates increase by 37%, EPS downgraded

Consensus revenue estimates increase by 37%, EPS downgraded

Price target increased by 8.7% to AU$2.03

Consensus revenue estimates increase by 50%

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 1H 2022)

Lead Independent Non-Executive Director recently sold AU$605k worth of stock

De Grey Mining Limited Appoints Mr. Peter Holmes as Hemi Project Director

De Grey Mining Limited Reports an Exploration Update from RC Drilling At Withnell and Withnell South Areas

Consensus EPS estimates upgraded to AU$0.011 loss

De Grey Mining Limited Appoints Emma Scotney as an Independent Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.099999 million.

De Grey Mining Limited Provides an Exploration Update on Recent Drilling Activities Within the Greater Hemi Corridor

We Discuss Why De Grey Mining Limited's (ASX:DEG) CEO May Deserve A Higher Pay Packet

Less than half of directors are independent

Less than half of directors are independent

De Grey Mining Limited Announces Resignation of Samantha Hogg as Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 130 million.

Price target decreased to AU$1.61

De Grey Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to AU$1.72

De Grey Mining Limited Announces the Resignation of Eduard Eshuys from the Board

De Grey Mining Limited Announces Prefeasibility Study Outcomes - Mallina Gold Project

De Grey Mining Limited Reports Latest Resource Extension and Infill Drilling Results from the Diucon Deposit At Hemi

De Grey Appoints Paul Harvey as Non-Executive Director

Price target decreased to AU$1.79

Is De Grey Mining (ASX:DEG) In A Good Position To Invest In Growth?

De Grey Mining Limited Reports That the Mallina Gold Project Mineral Resource Estimate (Mre) Update Has Been Completed by Cube Consulting Pty Ltd

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

Consensus forecasts updated

Less than half of directors are independent

Consensus forecasts updated

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Will De Grey Mining (ASX:DEG) Spend Its Cash Wisely?

De Grey Mining Limited Announces Outstanding Results from Diucon Deposit at Hemi

Consensus forecasts updated

De Grey Mining Limited Reports Near Surface High Grade and Depth Extensions At Falcon

De Grey Mining Limited Announces Board Changes