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GCY

Gascoyne ResourcesASX:GCY Stock Report

Market Cap

AU$97.9m

7D

-7.1%

1Y

n/a

Updated

15 Oct, 2021

Data

Company Financials +
GCY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

GCY Overview

Gascoyne Resources Limited engages in the exploration, evaluation, and development of gold projects.

Gascoyne Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gascoyne Resources
Historical stock prices
Current Share PriceAU$0.39
52 Week HighAU$0.28
52 Week LowAU$0.68
Beta0.29
1 Month Change25.81%
3 Month Change18.18%
1 Year Changen/a
3 Year Change-93.04%
5 Year Change-96.67%
Change since IPO-89.74%

Recent News & Updates

Shareholder Returns

GCYAU Metals and MiningAU Market
7D-7.1%2.4%0.1%
1Yn/a10.1%19.3%

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.

Price Volatility

Is GCY's price volatile compared to industry and market?
GCY volatility
GCY Beta0.29
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
2009n/aRichard Hayhttps://www.gascoyneresources.com.au

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

How do Gascoyne Resources's earnings and revenue compare to its market cap?
GCY fundamental statistics
Market CapAU$97.91m
Earnings (TTM)-AU$44.13m
Revenue (TTM)AU$203.15m

0.5x

P/S Ratio

-2.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GCY income statement (TTM)
RevenueAU$203.15m
Cost of RevenueAU$150.15m
Gross ProfitAU$53.00m
ExpensesAU$97.13m
Earnings-AU$44.13m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.18
Gross Margin26.09%
Net Profit Margin-21.72%
Debt/Equity Ratio12.5%

How did GCY perform over the long term?

See historical performance and comparison

Valuation

Is Gascoyne Resources undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Gascoyne Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

104.6%

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%).


Past Performance

How has Gascoyne Resources performed over the past 5 years?

-15.3%

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.


Financial Health

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.


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: 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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average board tenure


CEO

Richard Hay

1

Tenure

AU$1,246,936

Compensation

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.


Board Members

Experienced Board: GCY'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gascoyne Resources Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Gascoyne Resources Limited
  • 41-47 Colin Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:48
End of Day Share Price2021/10/15 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.