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GEN

GenminASX:GEN Stock Report

Market Cap

AU$78.9m

7D

-2.5%

1Y

n/a

Updated

18 Oct, 2021

Data

Company Financials +
GEN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

GEN Overview

Genmin Limited (ASX: GEN), is an ASX-listed African iron ore exploration and development company with a pipeline of projects in the Republic of Gabon, central West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Genmin
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.17
52 Week LowAU$0.34
Beta0
1 Month Change0%
3 Month Change-2.50%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-33.90%

Recent News & Updates

Sep 21
We're Not Very Worried About Genmin's (ASX:GEN) Cash Burn Rate

We're Not Very Worried About Genmin's (ASX:GEN) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

GENAU Metals and MiningAU Market
7D-2.5%4.3%0.9%
1Yn/a12.2%20.2%

Return vs Industry: Insufficient data to determine how GEN performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how GEN performed against the Australian Market.

Price Volatility

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

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

Volatility Over Time: GEN's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/aJoe Aritihttps://www.genmingroup.com

Genmin Limited (ASX: GEN), is an ASX-listed African iron ore exploration and development company with a pipeline of projects in the Republic of Gabon, central West Africa. The Company has a 100% interest in three (3) projects comprising six (6) exploration licenses covering approximately 5,270 square kilometers.

Genmin Fundamentals Summary

How do Genmin's earnings and revenue compare to its market cap?
GEN fundamental statistics
Market CapUS$58.58m
Earnings (TTM)-US$2.24m
Revenue (TTM)n/a

0x

P/S Ratio

-26.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GEN income statement (TTM)
RevenueUS$0
Cost of RevenueUS$161.58k
Gross Profit-US$161.58k
ExpensesUS$2.08m
Earnings-US$2.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0055
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did GEN perform over the long term?

See historical performance and comparison

Valuation

Is Genmin 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: GEN (A$0.2) is trading below our estimate of fair value (A$7.36)

Significantly Below Fair Value: GEN is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GEN 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 Genmin forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

91.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: GEN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GEN's is expected to become profitable in the next 3 years.

Revenue vs Market: GEN is forecast to have no revenue next year.

High Growth Revenue: GEN is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEN's Return on Equity is forecast to be high in 3 years time (25.1%)


Past Performance

How has Genmin performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEN is currently unprofitable.

Growing Profit Margin: GEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GEN is unprofitable, but has reduced losses over the past 5 years at a rate of 5.2% per year.

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

Earnings vs Industry: GEN 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: GEN has a negative Return on Equity (-5.05%), as it is currently unprofitable.


Financial Health

How is Genmin's financial position?


Financial Position Analysis

Short Term Liabilities: GEN's short term assets ($19.7M) exceed its short term liabilities ($695.0K).

Long Term Liabilities: GEN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GEN is debt free.

Reducing Debt: GEN had no debt 5 years ago.


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: GEN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GEN has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 20.3% each year.


Dividend

What is Genmin current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.4yrs

Average management tenure


CEO

Joe Ariti (58 yo)

11.75yrs

Tenure

Mr. Giuseppe Vince Ariti, also known as Joe, B.sc, DipMinSc, MBA, MAusIMM, MAICD, serves as the Managing Director Chief Executive Officer and Director of Genmin Limited since January 11, 2010. Mr. Ariti wa...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD182.65K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GEN's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: GEN's board of directors are not considered experienced ( 2.4 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: GEN only recently listed within the past 12 months.


Top Shareholders

Company Information

Genmin Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Genmin Limited
  • Ticker: GEN
  • Exchange: ASX
  • Founded: 2010
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$78.918m
  • Shares outstanding: 404.71m
  • Website: https://www.genmingroup.com

Location

  • Genmin Limited
  • Outram Centre
  • Suite 7
  • 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 15:36
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.