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Dark Horse Resources

ASX:DHR
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DHR
ASX
A$12M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Dark Horse Resources Limited, a diversified resource and energy company, explores for and evaluates mineral properties in Australia and the Americas. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Dark Horse Resources has significant price volatility in the past 3 months.
DHR Share Price and Events
7 Day Returns
-14.3%
ASX:DHR
-3.2%
AU Metals and Mining
-0%
AU Market
1 Year Returns
-70%
ASX:DHR
10.6%
AU Metals and Mining
4.9%
AU Market
DHR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dark Horse Resources (DHR) -14.3% 50% 33.3% -70% 50% 50%
AU Metals and Mining -3.2% 0.5% 12.6% 10.6% 72.3% 7.8%
AU Market -0% 1% 6.3% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • DHR underperformed the Metals and Mining industry which returned 10.6% over the past year.
  • DHR underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
DHR
Industry
5yr Volatility vs Market

Value

 Is Dark Horse Resources 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
  • It is not possible to calculate the future cash flow value for Dark Horse Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.006.
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 Dark Horse Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dark Horse Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:DHR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:DHR Share Price ** ASX (2019-04-18) in AUD A$0.01
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.55x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

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

** Primary Listing of Dark Horse Resources.

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

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

= 0.01 ÷ 0.00

-2.76x

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

  • Dark Horse Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Dark Horse Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Dark Horse Resources's expected growth come at a high price?
Raw Data
ASX:DHR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.76x
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 38 Publicly-Listed Metals and Mining Companies 0.65x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*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 Dark Horse Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dark Horse Resources's assets?
Raw Data
ASX:DHR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:DHR Share Price * ASX (2019-04-18) in AUD A$0.01
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.52x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:DHR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.01 ÷ 0.01

0.96x

* Primary Listing of Dark Horse Resources.

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

  • Dark Horse Resources is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Dark Horse Resources'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. Dark Horse Resources has a total score of 1/6, 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 Dark Horse Resources 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 Dark Horse Resources 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
1.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dark Horse Resources expected to grow at an attractive rate?
  • Unable to compare Dark Horse Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dark Horse Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Dark Horse Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:DHR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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:DHR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:DHR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -2 -4
2018-09-30 0 -1 -4
2018-06-30 0 -1 -4
2018-03-31 5 -1 0
2017-12-31 9 -1 4
2017-09-30 9 0 4
2017-06-30 9 0 4
2017-03-31 5 0 1
2016-12-31 0 0 -3
2016-09-30 0 0 -2
2016-06-30 0 0 -2
2016-03-31 0 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dark Horse Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Dark Horse Resources 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:DHR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dark Horse Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DHR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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 Dark Horse Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Dark Horse Resources'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. Dark Horse Resources'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. Dark Horse Resources'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 Dark Horse Resources'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.
Dark Horse Resources 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 Dark Horse Resources 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 Dark Horse Resources'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.
  • Dark Horse Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Dark Horse Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dark Horse Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Dark Horse Resources'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 Dark Horse Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DHR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.05 -3.92 1.96
2018-09-30 0.05 -3.98 2.13
2018-06-30 0.05 -4.04 2.30
2018-03-31 4.69 0.06 2.07
2017-12-31 9.36 4.16 1.85
2017-09-30 9.36 4.12 1.59
2017-06-30 9.37 4.09 1.32
2017-03-31 4.69 0.53 1.21
2016-12-31 0.02 -3.02 1.10
2016-09-30 0.02 -2.30 0.98
2016-06-30 0.03 -1.57 0.86
2016-03-31 0.02 -1.16 0.80
2015-12-31 0.02 -0.75 0.73
2015-09-30 0.02 -0.79 0.70
2015-06-30 0.02 -0.83 0.68
2015-03-31 0.02 -2.48 0.69
2014-12-31 0.02 -4.13 0.71
2014-09-30 0.01 -4.06 0.69
2014-06-30 0.00 -3.98 0.67
2014-03-31 0.01 -3.57 0.69
2013-12-31 0.01 -3.16 0.70
2013-09-30 0.01 -3.37 0.79
2013-06-30 0.02 -3.57 0.88
2013-03-31 0.04 -2.95 0.77
2012-12-31 0.06 -2.33 0.66
2012-09-30 0.12 -2.43 0.94
2012-06-30 0.18 -2.52 1.21

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dark Horse Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dark Horse Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dark Horse Resources'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.
  • Low level of unsold assets.
  • Dark Horse Resources 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 Dark Horse Resources Company Filings, last reported 3 months ago.

ASX:DHR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.30 0.00 2.16
2018-09-30 12.30 0.00 2.16
2018-06-30 14.22 0.00 4.28
2018-03-31 14.22 0.00 4.28
2017-12-31 10.97 1.02 1.73
2017-09-30 10.97 1.02 1.73
2017-06-30 9.09 0.52 0.29
2017-03-31 9.09 0.52 0.29
2016-12-31 -0.10 0.84 0.50
2016-09-30 -0.10 0.84 0.50
2016-06-30 0.65 0.59 0.17
2016-03-31 0.65 0.59 0.17
2015-12-31 1.26 0.48 0.02
2015-09-30 1.26 0.48 0.02
2015-06-30 1.60 0.05 0.01
2015-03-31 1.60 0.05 0.01
2014-12-31 1.93 0.00 0.18
2014-09-30 1.93 0.00 0.18
2014-06-30 1.53 0.00 0.01
2014-03-31 1.53 0.00 0.01
2013-12-31 5.16 0.00 0.06
2013-09-30 5.16 0.00 0.06
2013-06-30 4.68 0.00 0.08
2013-03-31 4.68 0.00 0.08
2012-12-31 7.44 0.04 1.14
2012-09-30 7.44 0.04 1.14
2012-06-30 6.89 0.05 1.26
  • Dark Horse Resources has no debt.
  • Dark Horse Resources had no debt 5 years ago.
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.

  • Information is not available.
  • Unable to confirm if Dark Horse Resources has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Dark Horse Resources'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. Dark Horse Resources 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 Dark Horse Resources'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 Dark Horse Resources dividends.
If you bought A$2,000 of Dark Horse Resources 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 Dark Horse Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dark Horse Resources'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:DHR 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 36 Stocks 3.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

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 Dark Horse Resources has not reported any payouts.
  • Unable to verify if Dark Horse Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dark Horse Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dark Horse Resources 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 Dark Horse Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Dark Horse Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dark Horse Resources 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 Dark Horse Resources'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.
CEO
David Mason
COMPENSATION A$419,599
AGE 59
TENURE AS CEO 3.1 years
CEO Bio

Mr. David Joseph Mason, MBA BSc (Hons) has been the Chief Executive Officer at Dark Horse Resources Limited since March 2016 and has been its Executive Director since March 01, 2016. Mr. Mason has been Managing Director of Dark Horse Resources Limited since March 1, 2018. He served as an Executive Director of Exploration & Business Development at Atomic Resources Limited from January 31, 2011 to July 2014. Mr. Mason served as the Managing Director of OGL Resources Limited since March 2010. Prior to this, he served as the Managing Director of Overseas & General Limited, an Indonesian mining company. From October 30, 2007 to November 28, 2008, he served as an Operations Director and Executive Director of Haddington Resources Ltd. (now Altura Mining Limited) and was a Consultant since November 2008. He served as the General Manager of Swabara Group, which developed the Adaro Indonesia coal mine, the MHU coal mine, a suite of Indonesian exploration assets and mining service companies. He served as General Manager of the Minvest Group. Mr. Mason has a broad business, corporate and mining background achieved through working in the exploration and mining industry for 35 years throughout Australasia, Asia and Africa. Mr. Mason served as Director of Overseas & General Limited. He served as a Non-Executive Director of Intra Energy Corporation Limited (formerly, Atomic Resources Limited) since January 31, 2011 until April 14, 2017 and served as its Executive Director from January 31, 2011 to July 31, 2014. He served as a Non-Executive Director of Dark Horse Resources Limited formerly known as Navaho Gold Limited since December 22, 2014. He served as a Director of OGL Resources Limited since March 2010 until June 30, 2011. He is a Member of the Geological Society of Australia. He is a Fellow of the AusIMM (CP Mgt) and a member of AICD. Mr. Mason holds a BSc (Hons) and a PGradDipBA from the University of Queensland as well as an MBA from the University of Southern Queensland.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David's remuneration is about average for companies of similar size in Australia.
Management Team

David Mason

TITLE
CEO, MD & Executive Director
COMPENSATION
A$420K
AGE
59
TENURE
3.1 yrs

Priy Jayasuriya

TITLE
Chief Financial Officer
COMPENSATION
A$23K
AGE
43

Karl Schlobohm

TITLE
Company Secretary
COMPENSATION
A$66K
AGE
50

Boyd White

TITLE
Chief Development Executive
COMPENSATION
A$317K

Enrique Rodriguez

TITLE
PR Executive Consultant

Jason Babcock

TITLE
Consulting Exploration Manager (USA)
AGE
46
Board of Directors Tenure

Average tenure and age of the Dark Horse Resources board of directors in years:

4.3
Average Tenure
59.5
Average Age
  • The tenure for the Dark Horse Resources board of directors is about average.
Board of Directors

Nick Mather

TITLE
Non-Executive Chairman
COMPENSATION
A$100K
AGE
61

David Mason

TITLE
CEO, MD & Executive Director
COMPENSATION
A$420K
AGE
59
TENURE
4.3 yrs

Brian Moller

TITLE
Non-Executive Director
COMPENSATION
A$100K
AGE
60
TENURE
16.3 yrs

Jason Beckton

TITLE
Non-Executive Director
COMPENSATION
A$8K
AGE
47
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. Jul 18 Buy Millbohm Consulting Group Pty Ltd Company 03. Jul 18 03. Jul 18 1,000,000 A$0.02 A$17,000
03. Jul 18 Buy Karl Schlobohm Individual 03. Jul 18 03. Jul 18 455,385 A$0.02 A$7,741
X
Management checks
We assess Dark Horse Resources'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. Dark Horse Resources 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

Simply Wall St News

Dark Horse Resources (ASX:DHR) Shareholders Have Enjoyed A 75% Share Price Gain

To wit, the Dark Horse Resources share price has climbed 75% in five years, easily topping the market return of 6.5% (ignoring dividends). … With just AU$46,030 worth of revenue in twelve months, we don't think the market considers Dark Horse Resources to have proven its business plan. … Dark Horse Resources has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

Simply Wall St -

What Percentage Of Dark Horse Resources Limited (ASX:DHR) Shares Do Insiders Own?

The big shareholder groups in Dark Horse Resources Limited (ASX:DHR) have power over the company. … Dark Horse Resources is a smaller company with a market capitalization of AU$7.9m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Dark Horse Resources

Simply Wall St -

Is Dark Horse Resources Limited's (ASX:DHR) Balance Sheet A Threat To Its Future?

Dark Horse Resources Limited (ASX:DHR), 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 DHR will have to follow strict debt obligations which will reduce its financial flexibility. … Does DHR's growth rate justify its decision for financial flexibility over lower cost of capital

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Is Dark Horse Resources Limited's (ASX:DHR) CEO Paid Enough To Stay Motivated?

David Mason became the CEO of Dark Horse Resources Limited (ASX:DHR) in 2016. … How Does David Mason's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since David Mason is paid less than the average compensation paid by similar sized companies.

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What You Must Know About Dark Horse Resources Limited's (ASX:DHR) ROE

and want a simplistic look at the return on Dark Horse Resources Limited (ASX:DHR) stock. … Dark Horse Resources Limited (ASX:DHR) outperformed the gold industry on the basis of its ROE – producing a higher 37.93% relative to the peer average of 11.89% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

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Top 3 Cheap Stocks For The Month

Undervalued companies are those that trade at a price lower than their actual values, such as Dark Horse Resources and CTI Logistics. … Dark Horse Resources Limited (ASX:DHR) Dark Horse Resources Limited engages in the exploration and development of mineral resource projects primarily in Argentina. … ASX:CLX PE PEG Gauge May 17th 18 Ainsworth Game Technology Limited (ASX:AGI) Ainsworth Game Technology Limited designs, develops, produces, leases, sells, and services gaming machines, and other related equipment and services.

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Did Dark Horse Resources Limited (ASX:DHR) Create Value For Shareholders?

View our latest analysis for Dark Horse Resources Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of DHR’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:DHR Last Perf Nov 3rd 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient DHR is with its cost management.

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Company Info

Description

Dark Horse Resources Limited, a diversified resource and energy company, explores for and evaluates mineral properties in Australia and the Americas. Its project portfolio includes the Pampa Litio lithium leases in the provinces of San Luis and Cordoba; the Los Domos gold project in Santa Cruz province; and the PROAR suite of properties in Santa Cruz and Rio Negro provinces. Dark Horse Resources Limited also operates gas fired generation projects. The company was formerly known as Navaho Gold Limited and changed its name to Dark Horse Resources Limited in December 2015. Dark Horse Resources Limited was incorporated in 1995 and is based in Brisbane, Australia.

Details
Name: Dark Horse Resources Limited
DHR
Exchange: ASX
Founded: 1995
A$11,856,519
1,976,086,621
Website: http://www.darkhorseresources.com.au
Address: Dark Horse Resources Limited
111 Eagle Street,
Level 27,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX DHR Ordinary Shares Australian Securities Exchange AU AUD 11. Apr 2011
BST 5DH Ordinary Shares Boerse-Stuttgart DE EUR 11. Apr 2011
CHIA DHR Ordinary Shares Chi-X Australia AU AUD 11. Apr 2011
Number of employees
Current staff
Staff numbers
0
Dark Horse Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 10:34
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
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.