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GED

Golden DeepsASX:GED Stock Report

Market Cap

AU$9.3m

7D

9.1%

1Y

-14.3%

Updated

18 Oct, 2021

Data

Company Financials
GED fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

GED Overview

Golden Deeps Limited invests in, develops, and explores for mineral deposits in Australia, Namibia, and Canada.

Price History & Performance

Summary of all time highs, changes and price drops for Golden Deeps
Historical stock prices
Current Share PriceAU$0.012
52 Week HighAU$0.009
52 Week LowAU$0.017
Beta1.53
1 Month Change9.09%
3 Month Change9.09%
1 Year Change-14.29%
3 Year Change-74.47%
5 Year Change-7.69%
Change since IPO-98.31%

Recent News & Updates

Shareholder Returns

GEDAU Metals and MiningAU Market
7D9.1%4.3%0.9%
1Y-14.3%12.2%20.2%

Return vs Industry: GED underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: GED underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is GED's price volatile compared to industry and market?
GED volatility
GED Beta1.53
Industry Beta0.97
Market Beta1

Stable Share Price: GED is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: GED's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1991n/aJon Dugdalehttps://www.goldendeeps.com

Golden Deeps Limited invests in, develops, and explores for mineral deposits in Australia, Namibia, and Canada. It explores for gold, silver, copper, vanadium, lead, zinc, and cobalt deposits. The company holds 100% interests in the Havilah Project that consists of three granted tenement blocks of approximately 102 square kilometers; and the Tuckers Hill Project that covers approximately 140 square kilometers located in the Lachlan Fold Belt, New South Wales.

Golden Deeps Fundamentals Summary

How do Golden Deeps's earnings and revenue compare to its market cap?
GED fundamental statistics
Market CapAU$9.31m
Earnings (TTM)-AU$665.51k
Revenue (TTM)AU$25.81k

400.0x

P/S Ratio

-14.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GED income statement (TTM)
RevenueAU$25.81k
Cost of RevenueAU$0
Gross ProfitAU$25.81k
ExpensesAU$691.32k
Earnings-AU$665.51k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00085
Gross Margin100.00%
Net Profit Margin-2,578.40%
Debt/Equity Ratio0.0%

How did GED perform over the long term?

See historical performance and comparison

Valuation

Is Golden Deeps undervalued compared to its fair value and its price relative to the market?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GED is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.3%

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 Golden Deeps 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 Golden Deeps performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GED is currently unprofitable.

Growing Profit Margin: GED is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GED is unprofitable, but has reduced losses over the past 5 years at a rate of 7.5% per year.

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

Earnings vs Industry: GED 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: GED has a negative Return on Equity (-9.56%), as it is currently unprofitable.


Financial Health

How is Golden Deeps's financial position?


Financial Position Analysis

Short Term Liabilities: GED's short term assets (A$3.1M) exceed its short term liabilities (A$239.8K).

Long Term Liabilities: GED has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GED is debt free.

Reducing Debt: GED has no debt compared to 5 years ago when its debt to equity ratio was 8.5%.


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: GED has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: GED has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.6% each year


Dividend

What is Golden Deeps's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

5.4yrs

Average board tenure


CEO

Jon Dugdale

0.33

Tenure

Mr. Lawrence Jonathon Dugdale, also known as Jon, BSc (Hons 1), FAUSIMM, MAICD, serves as Chief Executive Officer at Golden Deeps Limited since June 1, 2021. Mr. Dugdale serves as Chief Executive Officer a...


Board Members

Experienced Board: GED's board of directors are considered experienced (5.4 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 44.1%.


Top Shareholders

Company Information

Golden Deeps Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Deeps Limited
  • Ticker: GED
  • Exchange: ASX
  • Founded: 1991
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$9.310m
  • Shares outstanding: 775.85m
  • Website: https://www.goldendeeps.com

Location

  • Golden Deeps Limited
  • 8 Parliament Place
  • 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 Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 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.