| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
GME Overview
GME Resources Limited engages in the exploration and development of mineral properties in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.066 |
| 52 Week High | AU$0.041 |
| 52 Week Low | AU$0.13 |
| Beta | 1.77 |
| 1 Month Change | -7.04% |
| 3 Month Change | 34.69% |
| 1 Year Change | 57.14% |
| 3 Year Change | -26.67% |
| 5 Year Change | 144.44% |
| Change since IPO | -52.86% |
Recent News & Updates
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...
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
| GME | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -5.7% | -0.4% | 0.8% |
| 1Y | 57.1% | 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
| GME volatility | |
|---|---|
| GME Beta | 1.77 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | n/a | Jamie Sullivan | https://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
| GME fundamental statistics | |
|---|---|
| Market Cap | AU$39.20m |
| Earnings (TTM) | -AU$186.32k |
| Revenue (TTM) | AU$200.00k |
200.0x
P/S Ratio-212.9x
P/E RatioIs GME overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GME income statement (TTM) | |
|---|---|
| Revenue | AU$200.00k |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$200.00k |
| Expenses | AU$386.32k |
| Earnings | -AU$186.32k |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.00031 |
| Gross Margin | 100.00% |
| Net Profit Margin | -93.16% |
| Debt/Equity Ratio | 0.0% |
How did GME perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:10 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.