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GME

GME ResourcesASX:GME Stock Report

Market Cap

AU$39.2m

7D

-5.7%

1Y

57.1%

Updated

26 Oct, 2021

Data

Company Financials
GME fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

GME Overview

GME Resources Limited engages in the exploration and development of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for GME Resources
Historical stock prices
Current Share PriceAU$0.066
52 Week HighAU$0.041
52 Week LowAU$0.13
Beta1.77
1 Month Change-7.04%
3 Month Change34.69%
1 Year Change57.14%
3 Year Change-26.67%
5 Year Change144.44%
Change since IPO-52.86%

Recent News & Updates

Aug 31
We Think GME Resources (ASX:GME) Needs To Drive Business Growth Carefully

We Think GME Resources (ASX:GME) Needs To Drive Business Growth Carefully

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

May 02
We're Keeping An Eye On GME Resources' (ASX:GME) Cash Burn Rate

We're Keeping An Eye On GME Resources' (ASX:GME) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Shareholder Returns

GMEAU Metals and MiningAU Market
7D-5.7%-0.4%0.8%
1Y57.1%15.6%24.4%

Return vs Industry: GME exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: GME exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is GME's price volatile compared to industry and market?
GME volatility
GME Beta1.77
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1987n/aJamie Sullivanhttps://gmeresources.com.au

GME Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for nickel, cobalt, and gold deposits. Its principal asset is the NiWest Nickel Cobalt Laterite project located at Murrin Murrin, Western Australia.

GME Resources Fundamentals Summary

How do GME Resources's earnings and revenue compare to its market cap?
GME fundamental statistics
Market CapAU$39.20m
Earnings (TTM)-AU$186.32k
Revenue (TTM)AU$200.00k

200.0x

P/S Ratio

-212.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GME income statement (TTM)
RevenueAU$200.00k
Cost of RevenueAU$0
Gross ProfitAU$200.00k
ExpensesAU$386.32k
Earnings-AU$186.32k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00031
Gross Margin100.00%
Net Profit Margin-93.16%
Debt/Equity Ratio0.0%

How did GME perform over the long term?

See historical performance and comparison

Valuation

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

1.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GME is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 GME Resources 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 GME Resources performed over the past 5 years?

-61.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GME is currently unprofitable.

Growing Profit Margin: GME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GME is unprofitable, and losses have increased over the past 5 years at a rate of 61.7% per year.

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

Earnings vs Industry: GME 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: GME has a negative Return on Equity (-0.56%), as it is currently unprofitable.


Financial Health

How is GME Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GME's short term assets (A$260.0K) exceed its short term liabilities (A$105.9K).

Long Term Liabilities: GME has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GME is debt free.

Reducing Debt: GME has not had any debt for 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: GME has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.4% each year


Dividend

What is GME Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.6yrs

Average board tenure


CEO

Jamie Sullivan (57 yo)

9.42yrs

Tenure

AU$98,550

Compensation

Mr. James Noel Sullivan, also known as Jamie, FAICD, serves as Non-Executive Director at Horizon Gold Limited since February 01, 2021. He had been an Executive Director of Horizon Gold Limited since April...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD73.88K) is below average for companies of similar size in the Australian market ($USD301.38K).

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


Board Members

Experienced Board: GME's board of directors are considered experienced (4.6 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 6.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: GME Resources Limited
  • Ticker: GME
  • Exchange: ASX
  • Founded: 1987
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$39.203m
  • Shares outstanding: 593.99m
  • Website: https://gmeresources.com.au

Location

  • GME Resources Limited
  • 47 Havelock Street
  • Suite 8
  • 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 Analysis2021/10/26 16:10
End of Day Share Price2021/10/26 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.