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De Grey Mining

ASX:DEG
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DEG
ASX
A$51M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

De Grey Mining Limited engages in the exploration and development activities in Australia. The last earnings update was 81 days ago. More info.


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  • De Grey Mining has significant price volatility in the past 3 months.
DEG Share Price and Events
7 Day Returns
0%
ASX:DEG
5.2%
AU Metals and Mining
2.2%
AU Market
1 Year Returns
-30.6%
ASX:DEG
5.6%
AU Metals and Mining
-6%
AU Market
DEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
De Grey Mining (DEG) 0% 4.2% -19.4% -30.6% 525% 212.5%
AU Metals and Mining 5.2% -0.6% 2.4% 5.6% 88.2% -0.1%
AU Market 2.2% -2.3% -8.3% -6% 13.4% -1.6%
1 Year Return vs Industry and Market
  • DEG underperformed the Metals and Mining industry which returned 5.6% over the past year.
  • DEG underperformed the Market in Australia which returned -6% over the past year.
Price Volatility
DEG
Industry
5yr Volatility vs Market

Value

 Is De Grey Mining 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 De Grey Mining 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 De Grey Mining.

ASX:DEG 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 9.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

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:DEG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 30%) (0%))
0.954
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (0.954 * 7.23%)
9.67%

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

The calculations below outline how an intrinsic value for De Grey Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:DEG DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 0.10 0.08 0.07 0.06 0.05
Source Est @ -20%, capped from -25.14% Est @ -19%, capped from -25.14% Est @ -18%, capped from -25.14% Est @ -17%, capped from -25.14% Est @ -16%, capped from -25.14%
Present Value
Discounted (@ 9.67%)
0.10 0.07 0.05 0.04 0.03
Present value of next 5 years cash flows A$0.29
ASX:DEG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$0.05 × (1 + 2.77%) ÷ (9.67% – 2.77%)
A$0.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$0.72 ÷ (1 + 9.67%)5
A$0.46
ASX:DEG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$0.29 + A$0.46
A$0.75
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$0.75 / 423.16
A$0
ASX:DEG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.13
= -1 x (A$0.13 - A$0.00) / A$0.00
-6988.2%

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

  • The current share price of De Grey Mining is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 De Grey Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are De Grey Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:DEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.01
ASX:DEG Share Price ** ASX (2018-12-18) in AUD A$0.13
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 9.78x
Australia Market PE Ratio Median Figure of 558 Publicly-Listed Companies 14.96x

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

** Primary Listing of De Grey Mining.

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

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

= 0.13 ÷ -0.01

-14.69x

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

  • De Grey Mining is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • De Grey Mining is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does De Grey Mining's expected growth come at a high price?
Raw Data
ASX:DEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.69x
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 41 Publicly-Listed Metals and Mining Companies 0.92x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.4x

*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 De Grey Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on De Grey Mining's assets?
Raw Data
ASX:DEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$0.03
ASX:DEG Share Price * ASX (2018-12-18) in AUD A$0.13
Australia Metals and Mining Industry PB Ratio Median Figure of 578 Publicly-Listed Metals and Mining Companies 1.48x
Australia Market PB Ratio Median Figure of 1,658 Publicly-Listed Companies 1.64x
ASX:DEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.13 ÷ 0.03

4.36x

* Primary Listing of De Grey Mining.

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

  • De Grey Mining is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess De Grey Mining'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. De Grey Mining has a total score of 0/6, 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 De Grey Mining 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 De Grey Mining 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
1.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is De Grey Mining expected to grow at an attractive rate?
  • Unable to compare De Grey Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare De Grey Mining's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare De Grey Mining's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:DEG Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.4%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:DEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:DEG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 0 -7 -2
2018-03-31 0 -6 -4
2017-12-31 0 -5 -6
2017-09-30 0 -4 -4
2017-06-30 0 -3 -3
2017-03-31 0 -2 -3
2016-12-31 0 -2 -2
2016-09-30 0 -1 -1
2016-06-30 0 -1 -1
2016-03-31 0 -1 -1
2015-12-31 0 -1 -0
2015-09-30 0 -1 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if De Grey Mining is high growth as no earnings estimate data is available.
  • Unable to determine if De Grey Mining 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:DEG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from De Grey Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DEG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.03
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.00
2015-09-30 -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 De Grey Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine De Grey Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. De Grey Mining'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. De Grey Mining'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 De Grey Mining'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.
De Grey Mining 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 De Grey Mining 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 De Grey Mining'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.
  • De Grey Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare De Grey Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare De Grey Mining's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
De Grey Mining'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 De Grey Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DEG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 0.18 -2.48 2.06
2018-03-31 0.12 -4.07 2.69
2017-12-31 0.05 -5.67 3.32
2017-09-30 0.04 -4.44 3.25
2017-06-30 0.03 -3.22 3.17
2017-03-31 0.03 -2.55 2.46
2016-12-31 0.03 -1.88 1.76
2016-09-30 0.03 -1.34 1.22
2016-06-30 0.02 -0.79 0.69
2016-03-31 0.21 -0.50 0.61
2015-12-31 0.39 -0.22 0.54
2015-09-30 0.40 -0.34 0.68
2015-06-30 0.41 -0.47 0.82
2015-03-31 0.44 -0.43 0.84
2014-12-31 0.48 -0.39 0.86
2014-09-30 0.51 -0.26 0.76
2014-06-30 0.54 -0.13 0.65
2014-03-31 0.33 -1.25 1.53
2013-12-31 0.13 -2.37 2.41
2013-09-30 0.08 -3.08 3.08
2013-06-30 0.04 -3.79 3.76
2013-03-31 0.81 -3.00 3.52
2012-12-31 1.58 -2.21 3.29
2012-09-30 1.58 -1.90 3.20
2012-06-30 1.58 -1.58 3.11
2012-03-31 0.90 -1.88 2.94
2011-12-31 0.21 -2.18 2.76

*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 De Grey Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if De Grey Mining 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 De Grey Mining 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 De Grey Mining'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.
De Grey Mining 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 De Grey Mining'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 De Grey Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • De Grey Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • De Grey Mining's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of De Grey Mining'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.
  • High level of physical assets or inventory.
  • De Grey Mining has no debt, it does not need to be covered by short term assets.
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 De Grey Mining Company Filings, last reported 5 months ago.

ASX:DEG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 9.60 0.00 1.15
2018-03-31 9.60 0.00 1.15
2017-12-31 7.34 0.00 6.15
2017-09-30 7.34 0.00 6.15
2017-06-30 1.18 0.00 1.01
2017-03-31 1.18 0.00 1.01
2016-12-31 1.43 0.00 0.96
2016-09-30 1.43 0.00 0.96
2016-06-30 1.07 0.00 1.21
2016-03-31 1.07 0.00 1.21
2015-12-31 1.65 0.00 1.53
2015-09-30 1.65 0.00 1.53
2015-06-30 0.28 0.00 0.24
2015-03-31 0.28 0.00 0.24
2014-12-31 0.20 0.00 0.12
2014-09-30 0.20 0.00 0.12
2014-06-30 0.60 0.00 0.55
2014-03-31 0.60 0.00 0.55
2013-12-31 0.49 0.00 0.46
2013-09-30 0.49 0.00 0.46
2013-06-30 0.08 0.00 0.24
2013-03-31 0.08 0.00 0.24
2012-12-31 0.94 0.00 1.15
2012-09-30 0.94 0.00 1.15
2012-06-30 2.29 0.00 2.42
2012-03-31 2.29 0.00 2.42
2011-12-31 0.52 0.00 0.63
  • De Grey Mining has no debt.
  • De Grey Mining has not taken on any debt in 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.

  • Whilst loss making De Grey Mining has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making De Grey Mining has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.6% per year.
X
Financial health checks
We assess De Grey Mining'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. De Grey Mining has a total score of 4/6, 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 De Grey Mining'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 De Grey Mining dividends.
If you bought A$2,000 of De Grey Mining 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 De Grey Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate De Grey Mining'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:DEG 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 35 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.7%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

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 De Grey Mining has not reported any payouts.
  • Unable to verify if De Grey Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of De Grey Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as De Grey Mining 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 De Grey Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 De Grey Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. De Grey Mining 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 De Grey Mining'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.
  • De Grey Mining has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the De Grey Mining management team in years:

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

Simon Lill

TITLE
Executive Chairman
COMPENSATION
A$209K

Craig Nelmes

TITLE
Joint Company Secretary & CFO
COMPENSATION
A$79K
TENURE
5.2 yrs

Andy Beckwith

TITLE
Technical Director & Operations Manager and Director
COMPENSATION
A$340K
TENURE
1.2 yrs

Phil Tornatora

TITLE
Exploration Manager

Pat Holywell

TITLE
Joint Company Secretary
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure of the De Grey Mining board of directors in years:

1.2
Average Tenure
  • The average tenure for the De Grey Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Simon Lill

TITLE
Executive Chairman
COMPENSATION
A$209K
TENURE
3 yrs

Andy Beckwith

TITLE
Technical Director & Operations Manager and Director
COMPENSATION
A$340K
TENURE
1.2 yrs

Steve Morris

TITLE
Non-Executive Director
COMPENSATION
A$69K
TENURE
4.2 yrs

Brett Lambert

TITLE
Non-Executive Director
COMPENSATION
A$49K
AGE
57
TENURE
1.2 yrs

Peter Hood

TITLE
Non-Executive Director
TENURE
0.1 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 De Grey Mining'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. De Grey Mining 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

External News
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Simply Wall St News

How De Grey Mining Limited (ASX:DEG) Can Impact Your Portfolio Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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Is De Grey Mining Limited (ASX:DEG) A Financially Sound Company?

The direct benefit for De Grey Mining Limited (ASX:DEG), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is DEG will have to adhere to stricter debt covenants and have less financial flexibility. … Is financial flexibility worth the lower cost of capital.

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What Investors Should Know About De Grey Mining Limited's (ASX:DEG) Financial Strength

De Grey Mining Limited (ASX:DEG), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is DEG will have to follow strict debt obligations which will reduce its financial flexibility. … Does DEG's growth rate justify its decision for financial flexibility over lower cost of capital

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Who Are The Major Shareholders Of De Grey Mining Limited (ASX:DEG)?

The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Private Company Ownership Potential investors in DEG should also look at another important group of investors: private companies, with a stake of 7.66%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in DEG is not high nor active enough to significantly impact its investment thesis.

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How Does De Grey Mining Limited (ASX:DEG) Affect Your Portfolio Returns?

Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile. … With a beta of 1.26, De Grey Mining is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of AU$40.75M, DEG falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

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Who Are The Major Shareholders Of De Grey Mining Limited (ASX:DEG)?

In this article, I'm going to take a look at De Grey Mining Limited’s (ASX:DEG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: With a low level of institutional ownership, investors in DEG need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Is De Grey Mining Limited's (ASX:DEG) Balance Sheet Strong Enough To Weather A Storm?

Zero-debt allows substantial financial flexibility, especially for small-cap companies like De Grey Mining Limited (ASX:DEG), as the company does not have to adhere to strict debt covenants. … Check out our latest analysis for De Grey Mining Is DEG growing fast enough to value financial flexibility over lower cost of capital? … DEG’s absence of debt on its balance sheet may be due to lack of access to cheaper capital, or it may simply believe low cost is not worth sacrificing financial flexibility.

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Is De Grey Mining Limited (ASX:DEG) Cheap And High Growth?

ASX:DEG PE PEG Gauge Nov 8th 17 Metals and mining companies are typically trading at a PE of 14x, relatively similar to the rest of the Australian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of DEG, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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How Does De Grey Mining Limited (ASX:DEG) Affect Your Portfolio Returns?

If you are looking to invest in De Grey Mining Limited’s (ASX:DEG), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … De Grey Mining has a beta of 1.15, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

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Company Info

Map
Description

De Grey Mining Limited engages in the exploration and development activities in Australia. It explores gold, silver, zinc, lead, and base metals. The company’s primarily holds interests in the Pilbara Gold project covering an area of 980 square kilometer located to the south of Port Hedland, Pilbara region of Western Australia. De Grey Mining Limited was founded in 2002 and is based in Subiaco, Australia.

Details
Name: De Grey Mining Limited
DEG
Exchange: ASX
Founded: 2002
A$50,778,695
423,155,798
Website: http://www.degreymining.com.au
Address: De Grey Mining Limited
22 Railway Road,
Suites 24-26,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX DEG Ordinary Shares Australian Securities Exchange AU AUD 03. Jul 2002
OTCPK DGML.F Ordinary Shares Pink Sheets LLC US USD 03. Jul 2002
DB DGD Ordinary Shares Deutsche Boerse AG DE EUR 03. Jul 2002
CHIA DEG Ordinary Shares Chi-X Australia AU AUD 03. Jul 2002
Number of employees
Current staff
Staff numbers
0
De Grey Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 10:33
End of day share price update: 2018/12/18 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
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.