ASX:DEG

Stock Analysis Report

Executive Summary

De Grey Mining Limited engages in the exploration and development activities in Australia.

Snowflake

Fundamentals

Mediocre balance sheet with limited growth.

Share Price & News

How has De Grey Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.6%

DEG

-0.6%

AU Metals and Mining

0.7%

AU Market


1 Year Return

-58.7%

DEG

9.7%

AU Metals and Mining

11.0%

AU Market

Return vs Industry: DEG underperformed the Australian Metals and Mining industry which returned 9.7% over the past year.

Return vs Market: DEG underperformed the Australian Market which returned 11% over the past year.


Shareholder returns

DEGIndustryMarket
7 Day-1.6%-0.6%0.7%
30 Day10.7%-3.4%-0.2%
90 Day-16.2%-9.3%-0.1%
1 Year-52.3%-58.7%17.4%9.7%17.4%11.0%
3 Year79.0%55.0%64.1%44.2%36.3%18.0%
5 Year258.0%210.0%58.4%22.3%51.4%17.3%

Price Volatility Vs. Market

How volatile is De Grey Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is De Grey Mining undervalued compared to its fair value and its price relative to the market?

1.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate DEG's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate DEG's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: DEG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate DEG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEG is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is De Grey Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

80.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if DEG's forecast earnings growth is above the savings rate (2.3%).

Earnings vs Market: Insufficient data to determine if DEG's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DEG's revenue (80.3% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: DEG's revenue (80.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if DEG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has De Grey Mining performed over the past 5 years?

-33.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DEG is unprofitable, and losses have increased over the past 5 years at a rate of -33.1% per year.

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

Earnings vs Industry: DEG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (1.3%).


Return on Equity

High ROE: DEG has a negative Return on Equity (-10.24%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DEG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DEG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is De Grey Mining's financial position?


Financial Position Analysis

Short Term Liabilities: DEG's short term assets (A$2.1M) do not cover its short term liabilities (A$14.0M)

Long Term Liabilities: DEG has no long term liabilities


Debt to Equity History and Analysis

Debt Level: DEG is debt free.

Reducing Debt: DEG has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if DEG's debt is covered by short term assets.


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

Forecast Cash Runway: DEG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -63.2% each year


Next Steps

Dividend

What is De Grey Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of De Grey Mining's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

De Grey Mining has no CEO, or we have no data on them.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: DEG's management team is considered experienced (2 years average tenure).


Board Age and Tenure

0.9yrs

Average Tenure

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellAU$204,95120 Sep 19
Regal Funds Management Pty Limited
EntityCompany
Shares3,781,003
Max PriceAU$0.057
SellAU$351,78003 Sep 19
Regal Funds Management Pty Limited
EntityCompany
Shares5,779,033
Max PriceAU$0.064
BuyAU$2,174,49415 Aug 19
DGO Gold Limited
EntityCompany
Shares43,489,685
Max PriceAU$0.05
BuyAU$49,10926 Mar 19
Peter Hood
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares500,000
Max PriceAU$0.098

Ownership Breakdown


Management Team

  • Andy Beckwith

    Technical Director & Operations Manager and Director

    • Tenure: 2yrs
    • Compensation: AU$477.62k
  • Simon Lill

    Executive Chairman

    • Tenure: 3.8yrs
    • Compensation: AU$342.23k
  • Pat Holywell

    Joint Company Secretary

    • Tenure: 1.3yrs
    • Compensation: AU$65.13k
  • Craig Nelmes

    Joint Company Secretary & CFO

    • Tenure: 6yrs
    • Compensation: AU$251.52k
  • Phil Tornatora

    Exploration Manager

    • Tenure: 0yrs

Board Members

  • Jeffrey Parncutt (68yo)

    Non Executive Director

    • Tenure: 0.3yrs
  • Eduard Eshuys (74yo)

    Non Executive Director

    • Tenure: 0.3yrs
  • Peter Hood

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: AU$30.00k
  • Andy Beckwith

    Technical Director & Operations Manager and Director

    • Tenure: 2yrs
    • Compensation: AU$477.62k
  • Simon Lill

    Executive Chairman

    • Tenure: 3.8yrs
    • Compensation: AU$342.23k

Company Information

De Grey Mining Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: De Grey Mining Limited
  • Ticker: DEG
  • Exchange: ASX
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$57.252m
  • Shares outstanding: 938.55m
  • Website: https://www.degreymining.com.au

Location

  • De Grey Mining Limited
  • 22 Railway Road
  • Suites 24-26
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DGML.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2002
DEGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2002
DGDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2002
DEGCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2002

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 10:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.