Dreadnought Resources Limited explores for and develops natural resources properties in Australia. More Details
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Dreadnought Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DRE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: DRE's weekly volatility has decreased from 23% to 12% over the past year.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: DRE exceeded the Australian Metals and Mining industry which returned 22.8% over the past year.
Return vs Market: DRE exceeded the Australian Market which returned -1.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Dreadnought Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StHave Insiders Been Buying Dreadnought Resources Limited (ASX:DRE) Shares?
7 months ago | Simply Wall StWhat Type Of Shareholder Owns Dreadnought Resources Limited's (ASX:DRE)?
8 months ago | Simply Wall StShould You Take Comfort From Insider Transactions At Dreadnought Resources Limited (ASX:DRE)?
Is Dreadnought Resources undervalued compared to its fair value and its price relative to the market?
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 AU 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 (9.5x) compared to the AU Metals and Mining industry average (2.9x).
How is Dreadnought Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Dreadnought 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.
- Dreadnought Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Dreadnought Resources performed over the past 5 years?
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 30.4% 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 (38%).
Return on Equity
High ROE: DRE has a negative Return on Equity (-26.45%), as it is currently unprofitable.
How is Dreadnought Resources's financial position?
Financial Position Analysis
Short Term Liabilities: DRE's short term assets (A$562.5K) do not cover its short term liabilities (A$1.1M).
Long Term Liabilities: DRE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DRE's debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DRE's debt to equity ratio has reduced over 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.
Stable Cash Runway: DRE has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DRE is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
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 ($USD132.36K) is below average for companies of similar size in the Australian market ($USD293.45K).
Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.
|MD & Director||1.75yrs||AU$172.00k||0.69% |
|Independent Non-Executive Director||3.08yrs||AU$36.63k||2.09% |
|Independent Non-Executive Director||3.08yrs||AU$36.63k||2.05% |
|Independent Non-Executive Chairman||1.75yrs||AU$36.63k||12.56% |
Experienced Board: DRE's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28%.
Dreadnought Resources Limited's company bio, employee growth, exchange listings and data sources
- Name: Dreadnought Resources Limited
- Ticker: DRE
- Exchange: ASX
- Founded: 2006
- Industry: Gold
- Sector: Materials
- Market Cap: AU$52.022m
- Shares outstanding: 2.26b
- Website: https://www.dreadnoughtresources.com.au
- Dreadnought Resources Limited
- 16 Nicholson Road
- Suite 5
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DRE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Oct 2006|
|N2Z||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2006|
|DRE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Oct 2006|
Dreadnought Resources Limited explores for and develops natural resources properties in Australia. The company explores for gold, copper, and nickel deposits. It holds interests in the Tarraji-Yampi Ni-Cu-...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/20 07:05|
|End of Day Share Price||2021/01/20 00:00|
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.