ASX:EQE

Stock Analysis Report

Executive Summary

Equus Mining Limited focuses on the exploration and development of natural resource projects in Chile.

Rewards

Earnings have grown 47.7% per year over the past 5 years

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$18M)



Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EQE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.7%

EQE

-1.3%

AU Metals and Mining

0.1%

AU Market


1 Year Return

16.7%

EQE

24.7%

AU Metals and Mining

19.5%

AU Market

Return vs Industry: EQE underperformed the Australian Metals and Mining industry which returned 24.7% over the past year.

Return vs Market: EQE underperformed the Australian Market which returned 19.5% over the past year.


Shareholder returns

EQEIndustryMarket
7 Day-6.7%-1.3%0.1%
30 Day16.7%3.7%4.0%
90 Day-6.7%10.3%4.8%
1 Year19.6%16.7%30.9%24.7%24.9%19.5%
3 Year43.5%40.0%59.4%39.7%39.7%20.9%
5 Year59.5%55.6%110.4%61.7%59.0%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: EQE is overvalued based on its PB Ratio (2x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

1.8%

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 Equus 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 Equus Mining performed over the past 5 years?

47.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EQE is currently unprofitable.

Growing Profit Margin: EQE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EQE is unprofitable, but has reduced losses over the past 5 years at a rate of 47.7% per year.

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

Earnings vs Industry: EQE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.8%).


Return on Equity

High ROE: EQE has a negative Return on Equity (-16.19%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Equus Mining's financial position?


Financial Position Analysis

Short Term Liabilities: EQE's short term assets (A$413.3K) exceed its short term liabilities (A$190.3K).

Long Term Liabilities: EQE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EQE is debt free.

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


Balance Sheet

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

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

Forecast Cash Runway: Insufficient data to determine if EQE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.5%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if EQE'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 EQE'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 Equus Mining's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average management tenure


CEO

John Braham 0

0.3yrs

Tenure

AU$124,841

Compensation

Mr. John Richard Braham serves as Non-Executive Director of Castile Resources Pty Ltd. He has been Executive Director of Equus Mining Limited and also serves as its Managing Director since September 2019.  ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD86.16K) is below average for companies of similar size in the Australian market ($USD262.68K).

Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.


Management Age and Tenure

0.3yrs

Average Tenure

Experienced Management: EQE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

Experienced Board: EQE's board of directors are not considered experienced ( 2.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.3%.


Management Team

  • Marcel Mora

    Company Secretary

    • Tenure: 7.3yrs
  • Damien Koerber

    Geological Consultant & Executive Director

    • Tenure: 0.2yrs
  • John Braham

    MD & Director

    • Tenure: 0.3yrs
    • Compensation: AU$124.84k

Board Members

  • Rob Yeates

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: AU$30.00k
  • Mark Lochtenberg (58yo)

    Non-Executive Chairman

    • Tenure: 5.3yrs
    • Compensation: AU$32.85k
  • Damien Koerber

    Geological Consultant & Executive Director

    • Tenure: 0.2yrs
  • John Braham

    MD & Director

    • Tenure: 0.3yrs
    • Compensation: AU$124.84k

Company Information

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


Key Information

  • Name: Equus Mining Limited
  • Ticker: EQE
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$21.131m
  • Shares outstanding: 1.41b
  • Website: https://www.equusmining.com

Location

  • Equus Mining Limited
  • 66 Hunter Street
  • Level 2
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LSEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1996
EQEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1996
EQECHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1996

Biography

Equus Mining Limited focuses on the exploration and development of natural resource projects in Chile. Its flagship project is the Los Domos gold-silver project located in Chile’s XI Region. The company was formerly known as Caspian Oil & Gas Limited and changed its name to Equus Mining Limited in November 2012. Equus Mining Limited is headquartered in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/28 10:37
End of Day Share Price2020/01/28 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.