ASX:DTM

Stock Analysis Report

Executive Summary

Dart Mining NL engages in the exploration of precious, base, and minor metals in north-east Victoria.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DTM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

DTM

-3.4%

AU Metals and Mining

-3.6%

AU Market


1 Year Return

-33.0%

DTM

1.9%

AU Metals and Mining

10.9%

AU Market

Return vs Industry: DTM underperformed the Australian Metals and Mining industry which returned 1.9% over the past year.

Return vs Market: DTM underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

DTMIndustryMarket
7 Day6.3%-3.4%-3.6%
30 Day-25.6%-7.9%-3.7%
90 Day-33.0%-1.1%-0.2%
1 Year-33.0%-33.0%7.0%1.9%15.6%10.9%
3 Year-57.3%-61.4%53.6%33.1%34.1%16.0%
5 Year-83.5%-85.5%77.9%36.2%44.9%12.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: DTM is good value based on its PB Ratio (0.4x) compared to the AU Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

-1.0%

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 Dart 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dart Mining performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DTM is currently unprofitable.

Growing Profit Margin: DTM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DTM is unprofitable, but has reduced losses over the past 5 years at a rate of 1.8% per year.

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

Earnings vs Industry: DTM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (24.1%).


Return on Equity

High ROE: DTM has a negative Return on Equity (-9.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Dart Mining's financial position?


Financial Position Analysis

Short Term Liabilities: DTM's short term assets (A$400.6K) exceed its short term liabilities (A$335.1K).

Long Term Liabilities: DTM's short term assets (A$400.6K) exceed its long term liabilities (A$6.7K).


Debt to Equity History and Analysis

Debt Level: DTM is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if DTM'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: DTM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: DTM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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

4.6yrs

Average management tenure


CEO

James Chirnside (58yo)

4.7yrs

Tenure

AU$197,100

Compensation

Mr. James M. Chirnside serves as the Managing Director of Dart Mining NL. Mr. Chirnside has been involved in financial and commodity markets over a thirty-year period. In the part of his formal career, he  ...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD130.14K) is below average for companies of similar size in the Australian market ($USD250.90K).

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


Leadership Team

NamePositionTenureCompensationOwnership
James Chirnside
Executive Chairman & MD4.7yrsAU$197.10k0.50% A$19.9k
Julie Edwards
Company Secretary & CFO4.6yrsno datano data
Pam Noonan
Manager of Finance and Administration4.5yrsno datano data
S. Dunn
Executive0yrsno datano data
Natalie Purden
Regional Support Manager - Corryong0yrsno datano data

4.6yrs

Average Tenure

Experienced Management: DTM's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Chirnside
Executive Chairman & MD4.7yrsAU$197.10k0.50% A$19.9k
Denis Clarke
Independent Non-Executive Director1.9yrsAU$33.55k0.0019% A$74.6
Luke Robinson
Independent Non-Executive Director4.7yrsAU$32.85k0.25% A$9.9k

4.7yrs

Average Tenure

Experienced Board: DTM's board of directors are considered experienced (4.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 59.8%.


Top Shareholders

Company Information

Dart Mining NL's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dart Mining NL
  • Ticker: DTM
  • Exchange: ASX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$3.948m
  • Shares outstanding: 58.92m
  • Website: https://www.dartmining.com.au

Number of Employees


Location

  • Dart Mining NL
  • 4 Bryant Street
  • Corryong
  • Victoria
  • 3707
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DTMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2007
DTMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2007

Biography

Dart Mining NL engages in the exploration of precious, base, and minor metals in north-east Victoria. The company primarily explores for lithium, gold, silver, copper, molybdenum, zinc, tungsten, tin, and tantalum ores. It focuses on the Dorchap lithium project. The company was founded in 2006 and is based in Corryong, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:37
End of Day Share Price2020/02/26 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.