Gascoyne Resources Limited engages in the exploration, evaluation, and development of gold projects.
Gascoyne Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.39|
|52 Week High||AU$0.28|
|52 Week Low||AU$0.68|
|1 Month Change||25.81%|
|3 Month Change||18.18%|
|1 Year Change||n/a|
|3 Year Change||-93.04%|
|5 Year Change||-96.67%|
|Change since IPO||-89.74%|
Recent News & Updates
|GCY||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how GCY performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how GCY performed against the Australian Market.
Stable Share Price: GCY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: GCY's weekly volatility (9%) has been stable over the past year.
About the Company
Gascoyne Resources Limited engages in the exploration, evaluation, and development of gold projects. Its flagship project is the Dalgaranga gold project, which covers an area of 500km2 located to the northwest of Mount Magnet in the Murchison gold mining region of Western Australia. The company was incorporated in 2009 and is headquartered in West Perth, Australia.
Gascoyne Resources Fundamentals Summary
|GCY fundamental statistics|
Is GCY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GCY income statement (TTM)|
|Cost of Revenue||AU$150.15m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.18|
|Net Profit Margin||-21.72%|
How did GCY perform over the long term?See historical performance and comparison
Is Gascoyne Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GCY (A$0.39) is trading below our estimate of fair value (A$21.75)
Significantly Below Fair Value: GCY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GCY is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: GCY 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 GCY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GCY is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (2.5x).
How is Gascoyne Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GCY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: GCY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GCY's is expected to become profitable in the next 3 years.
Revenue vs Market: GCY's revenue (1% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: GCY's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GCY's Return on Equity is forecast to be low in 3 years time (13%).
How has Gascoyne Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GCY is currently unprofitable.
Growing Profit Margin: GCY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GCY is unprofitable, and losses have increased over the past 5 years at a rate of 15.3% per year.
Accelerating Growth: Unable to compare GCY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GCY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: GCY has a negative Return on Equity (-40.9%), as it is currently unprofitable.
How is Gascoyne Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GCY's short term assets (A$43.7M) exceed its short term liabilities (A$31.0M).
Long Term Liabilities: GCY's short term assets (A$43.7M) do not cover its long term liabilities (A$50.6M).
Debt to Equity History and Analysis
Debt Level: GCY's debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GCY'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: Whilst unprofitable GCY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GCY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.3% per year.
What is Gascoyne Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GCY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GCY'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 GCY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GCY'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 GCY'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. Richard Hay, MSc, MAIG, has been the Chief Executive Officer and Managing Director of Gascoyne Resources Limited since October 20, 2020. Mr. Hay has been an Executive Director of Gascoyne Resources Lim...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD924.68K) is above average for companies of similar size in the Australian market ($USD300.24K).
Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.
Experienced Board: GCY's board of directors are not considered experienced ( 1.1 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 not been meaningfully diluted in the past year.
Gascoyne Resources Limited's employee growth, exchange listings and data sources
- Name: Gascoyne Resources Limited
- Ticker: GCY
- Exchange: ASX
- Founded: 2009
- Industry: Gold
- Sector: Materials
- Market Cap: AU$97.907m
- Shares outstanding: 251.04m
- Website: https://www.gascoyneresources.com.au
Number of Employees
- Gascoyne Resources Limited
- 41-47 Colin Street
- Level 1
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 15:48|
|End of Day Share Price||2021/10/15 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.