company background image
GBE

Globe Metals & MiningASX:GBE Stock Report

Last Price

AU$0.089

Market Cap

AU$41.5m

7D

-6.3%

1Y

61.8%

Updated

23 Jan, 2022

Data

Company Financials
GBE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

GBE Stock Overview

Globe Metals & Mining Limited invests in, develops, and explores for mineral properties in Australia and Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Globe Metals & Mining
Historical stock prices
Current Share PriceAU$0.089
52 Week HighAU$0.20
52 Week LowAU$0.035
Beta-0.39
1 Month Change-15.24%
3 Month Change-25.83%
1 Year Change61.82%
3 Year Change535.71%
5 Year Change323.81%
Change since IPO-58.61%

Recent News & Updates

Jan 07
Companies Like Globe Metals & Mining (ASX:GBE) Are In A Position To Invest In Growth

Companies Like Globe Metals & Mining (ASX:GBE) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Sep 20
We're Not Very Worried About Globe Metals & Mining's (ASX:GBE) Cash Burn Rate

We're Not Very Worried About Globe Metals & Mining's (ASX:GBE) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Jun 07
We Think Globe Metals & Mining (ASX:GBE) Can Afford To Drive Business Growth

We Think Globe Metals & Mining (ASX:GBE) Can Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Jan 14
Here's Why We're Not Too Worried About Globe Metals & Mining's (ASX:GBE) Cash Burn Situation

Here's Why We're Not Too Worried About Globe Metals & Mining's (ASX:GBE) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

GBEAU Metals and MiningAU Market
7D-6.3%-2.0%-2.8%
1Y61.8%7.1%5.8%

Return vs Industry: GBE exceeded the Australian Metals and Mining industry which returned 7.1% over the past year.

Return vs Market: GBE exceeded the Australian Market which returned 5.8% over the past year.

Price Volatility

Is GBE's price volatile compared to industry and market?
GBE volatility
GBE Average Weekly Movement11.8%
Metals and Mining Industry Average Movement10.8%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: GBE is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: GBE's weekly volatility has decreased from 45% to 12% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2005n/aGrant Hudsonhttps://www.globemm.com

Globe Metals & Mining Limited invests in, develops, and explores for mineral properties in Australia and Africa. The company explores for niobium and tantalum deposits. It primarily holds 100% interest in the Kanyika project located in Malawi.

Globe Metals & Mining Fundamentals Summary

How do Globe Metals & Mining's earnings and revenue compare to its market cap?
GBE fundamental statistics
Market CapAU$41.47m
Earnings (TTM)-AU$1.38m
Revenue (TTM)AU$199.00k

211.9x

P/S Ratio

-30.2x

P/E Ratio

Is GBE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GBE income statement (TTM)
RevenueAU$199.00k
Cost of RevenueAU$0
Gross ProfitAU$199.00k
ExpensesAU$1.58m
Earnings-AU$1.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0029
Gross Margin100.00%
Net Profit Margin-692.46%
Debt/Equity Ratio0%

How did GBE perform over the long term?

See historical performance and comparison

Valuation

Is Globe Metals & Mining undervalued compared to its fair value and its price relative to the market?

1.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GBE is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

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

0.9%

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 Globe Metals & 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.


Past Performance

How has Globe Metals & Mining performed over the past 5 years?

28.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBE is currently unprofitable.

Growing Profit Margin: GBE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GBE is unprofitable, but has reduced losses over the past 5 years at a rate of 28.2% per year.

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

Earnings vs Industry: GBE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (33%).


Return on Equity

High ROE: GBE has a negative Return on Equity (-4.27%), as it is currently unprofitable.


Financial Health

How is Globe Metals & Mining's financial position?


Financial Position Analysis

Short Term Liabilities: GBE's short term assets (A$3.0M) exceed its short term liabilities (A$382.0K).

Long Term Liabilities: GBE's short term assets (A$3.0M) exceed its long term liabilities (A$22.0K).


Debt to Equity History and Analysis

Debt Level: GBE is debt free.

Reducing Debt: GBE has not had any debt for 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: GBE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: GBE has sufficient cash runway for 1.9 years if free cash flow continues to grow at historical rates of 8.1% each year.


Dividend

What is Globe Metals & Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.3yrs

Average management tenure


CEO

Grant Hudson

no data

Tenure

Mr. Grant Hudson has been Chief Executive Officer of Globe Metals & Mining Limited since January 10, 2022. he was General Manager of Corporate Services at Globe Metals & Mining Limited until January 10, 20...


Leadership Team

Experienced Management: GBE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: GBE's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Globe Metals & Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Globe Metals & Mining Limited
  • Ticker: GBE
  • Exchange: ASX
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$41.467m
  • Shares outstanding: 465.92m
  • Website: https://www.globemm.com

Number of Employees


Location

  • Globe Metals & Mining Limited
  • 26 Elliott Street
  • Unit 1
  • Midvale
  • Western Australia
  • 6056
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 07:02
End of Day Share Price2022/01/21 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.