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DRE

Dreadnought ResourcesASX:DRE Stock Report

Market Cap

AU$110.4m

7D

0%

1Y

56.0%

Updated

26 Oct, 2021

Data

Company Financials
DRE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

DRE Overview

Dreadnought Resources Limited explores for and develops mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Dreadnought Resources
Historical stock prices
Current Share PriceAU$0.039
52 Week HighAU$0.015
52 Week LowAU$0.062
Beta1.76
1 Month Change5.41%
3 Month Change-13.33%
1 Year Change56.00%
3 Year Change875.00%
5 Year Change457.14%
Change since IPO-98.30%

Recent News & Updates

Shareholder Returns

DREAU Metals and MiningAU Market
7D0%-0.4%0.8%
1Y56.0%15.6%24.4%

Return vs Industry: DRE exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: DRE exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is DRE's price volatile compared to industry and market?
DRE volatility
DRE Beta1.76
Industry Beta0.97
Market Beta1

Stable Share Price: DRE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: DRE's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aDean Tuckhttps://www.dreadnoughtresources.com.au

Dreadnought Resources Limited explores for and develops mineral properties in Australia. The company explores for copper, nickel, rare earth, and gold deposits. It holds interests in the Tarraji-Yampi Ni-Cu-Au project located in the West Kimberley; the Mangaroon Ni-Cu-PGE-REE-Au project in the southeast of Exmouth; and the Illaara Au-Cu-Ta-iron ore project in the northwest of Kalgoorlie.

Dreadnought Resources Fundamentals Summary

How do Dreadnought Resources's earnings and revenue compare to its market cap?
DRE fundamental statistics
Market CapAU$110.44m
Earnings (TTM)-AU$1.28m
Revenue (TTM)n/a

0x

P/S Ratio

-86.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRE income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.28m
Earnings-AU$1.28m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00045
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio4.8%

How did DRE perform over the long term?

See historical performance and comparison

Valuation

Is Dreadnought Resources undervalued compared to its fair value and its price relative to the market?

9.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: DRE is overvalued based on its PB Ratio (9.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Dreadnought 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 SimplyWall St do have past financial data.


Past Performance

How has Dreadnought Resources performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRE is currently unprofitable.

Growing Profit Margin: DRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DRE is unprofitable, but has reduced losses over the past 5 years at a rate of 7.8% per year.

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

Earnings vs Industry: DRE 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: DRE has a negative Return on Equity (-10.51%), as it is currently unprofitable.


Financial Health

How is Dreadnought Resources's financial position?


Financial Position Analysis

Short Term Liabilities: DRE's short term assets (A$3.2M) exceed its short term liabilities (A$870.6K).

Long Term Liabilities: DRE's short term assets (A$3.2M) exceed its long term liabilities (A$578.9K).


Debt to Equity History and Analysis

Debt Level: DRE's debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DRE's debt to equity ratio has reduced over the 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: DRE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: DRE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.4% each year


Dividend

What is Dreadnought Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.2yrs

Average board tenure


CEO

Dean Tuck

2.5yrs

Tenure

AU$242,167

Compensation

Mr. Dean Tuck, B.Sc (Hons), FGAA, MAIG is Managing Director and Director of Dreadnought Resources Limited since April 09, 2019. He is an experienced geologist and exploration manager having worked across a...


CEO Compensation Analysis

Compensation vs Market: Dean's total compensation ($USD181.53K) is below average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: DRE's board of directors are considered experienced (3.2 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.8%.


Top Shareholders

Company Information

Dreadnought Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Dreadnought Resources Limited
  • Ticker: DRE
  • Exchange: ASX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$110.443m
  • Shares outstanding: 2.83b
  • Website: https://www.dreadnoughtresources.com.au

Location

  • Dreadnought Resources Limited
  • 16 Nicholson Road
  • Suite 6
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:22
End of Day Share Price2021/10/26 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.