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GBM Resources Limited's (ASX:GBZ) Earnings Dropped -148.44%, How Did It Fare Against The Industry?
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. In this article, I will take a look at GBM Resources Limited's (ASX:GBZ) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. Check out our latest analysis for GBM Resources
Did GBZ perform worse than its track record and industry?
I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. This method allows me to analyze many different companies in a uniform manner using the latest information. For GBM Resources, its most recent earnings (trailing twelve month) is -AU$1.54M, which, in comparison to the prior year's figure, has turned from positive to negative. Given that these values are relatively short-term thinking, I’ve computed an annualized five-year value for GBM Resources's earnings, which stands at -AU$2.08M. This suggests that, though net income is negative, it has become less negative over the years.
What does this mean?
Though GBM Resources's past data is helpful, it is only one aspect of my investment thesis. With companies that are currently loss-making, it is always difficult to forecast what will happen in the future and when. The most useful step is to examine company-specific issues GBM Resources may be facing and whether management guidance has steadily been met in the past. I recommend you continue to research GBM Resources to get a more holistic view of the stock by looking at the areas below. Just a heads up - to access some parts of the Simply Wall St research tool you might be asked to create a free account, but it takes just one click and the information they provide is definitely worth it in my opinion.
- 1. Financial Health: Is GBZ’s operations financially sustainable? Balance sheets can be hard to analyze, which is why Simply Wall St does it for you. Check out important financial health checks here.
- 2. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore a free list of these great stocks here.
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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
About ASX:GBZ
GBM Resources
Engages in the exploration and development of mineral properties in Australia.
Adequate balance sheet slight.
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