How does GHM's PB Ratio compare to its peers?

GHM is good value based on its Price-To-Book Ratio (4.7x) compared to the peer average (6.5x).

How does GHM's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

GHM is expensive based on its Price-To-Book Ratio (4.7x) compared to the Australian Metals and Mining industry average (1.1x).

What is GHM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate GHM's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of GHM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate GHM's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Golden Horse Minerals (ASX:GHM) - Stock Price, News & Analysis

GHM Stock Overview

A gold exploration company, engages in the acquisition, exploration, and development of mineral projects in Western Australia. More details

GHM fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$44K)

Has less than 1 year of cash runway

Earnings have declined by 33.8% per year over past 5 years

Does not have a meaningful market cap (A$43M)

My Notes

Capture your thoughts, links and company narrative

Golden Horse Minerals Limited Competitors

Yandal Resources

ASX:YRL

AU$50.8m

Alliance Nickel

ASX:AXN

AU$25.4m

Alicanto Minerals

ASX:AQI

AU$33.7m

Great Boulder Resources

ASX:GBR

AU$45.4m

Price History & Performance

Summary of share price highs, lows and changes for Golden Horse Minerals
Historical stock prices
Current Share Price	AU$0.21
52 Week High	AU$0.26
52 Week Low	AU$0.20
Beta	0
1 Month Change	-12.24%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-10.42%

Recent updates

Shareholder Returns

	GHM	AU Metals and Mining	AU Market
7D	-4.4%	0.5%	-0.1%
1Y	n/a	-9.8%	8.8%

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

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

Price Volatility

Is GHM's price volatile compared to industry and market?
GHM volatility
GHM Average Weekly Movement	7.3%
Metals and Mining Industry Average Movement	10.3%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.4%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: GHM has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: Insufficient data to determine GHM's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Nick Anderson	goldenhorseminerals.com

Golden Horse Minerals Limited, a gold exploration company, engages in the acquisition, exploration, and development of mineral projects in Western Australia. It primarily explores for gold, nickel, and lithium exploration. The company’s principal project is the Southern Cross North project covering an area of approximately 930 square kilometers located in Perth, Western Australia.

Golden Horse Minerals Limited Fundamentals Summary

How do Golden Horse Minerals's earnings and revenue compare to its market cap?
GHM fundamental statistics
Market cap	AU$42.63m
Earnings (TTM)	-AU$7.65m
Revenue (TTM)	AU$49.00k

869.9x

P/S Ratio

-5.6x

P/E Ratio

Is GHM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GHM income statement (TTM)
Revenue	CA$43.98k
Cost of Revenue	CA$45.95k
Gross Profit	-CA$1.97k
Other Expenses	CA$6.87m
Earnings	-CA$6.87m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.035
Gross Margin	-4.47%
Net Profit Margin	-15,615.82%
Debt/Equity Ratio	11.6%

How did GHM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/05 00:01
End of Day Share Price	2025/02/05 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Golden Horse Minerals Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Golden Horse Minerals ASX:GHM Stock Report