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GML

Gateway MiningASX:GML Stock Report

Market Cap

AU$34.3m

7D

-5.3%

1Y

-10.0%

Updated

26 Oct, 2021

Data

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

GML Overview

Gateway Mining Limited primarily explores for gold and base metal properties in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Gateway Mining
Historical stock prices
Current Share PriceAU$0.018
52 Week HighAU$0.014
52 Week LowAU$0.037
Beta1.37
1 Month Change0%
3 Month Change0%
1 Year Change-10.00%
3 Year Change20.00%
5 Year Change12.50%
Change since IPO-50.00%

Recent News & Updates

Oct 11
We're A Little Worried About Gateway Mining's (ASX:GML) Cash Burn Rate

We're A Little Worried About Gateway Mining's (ASX:GML) Cash Burn Rate

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

Jul 05
Will Gateway Mining (ASX:GML) Spend Its Cash Wisely?

Will Gateway Mining (ASX:GML) Spend Its Cash Wisely?

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

Shareholder Returns

GMLAU Metals and MiningAU Market
7D-5.3%-0.4%0.8%
1Y-10.0%15.6%24.4%

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

Return vs Market: GML underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is GML's price volatile compared to industry and market?
GML volatility
GML Beta1.37
Industry Beta0.97
Market Beta1

Stable Share Price: GML is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GML's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aMark Cossomhttps://www.gatewaymining.com.au

Gateway Mining Limited primarily explores for gold and base metal properties in Western Australia. It owns 100% interest in its flagship Gidgee Gold project covering an area of approximately 1000 square kilometers located in the town of Sandstone. Gateway Mining Limited was incorporated in 1957 and is based in Sydney, Australia.

Gateway Mining Fundamentals Summary

How do Gateway Mining's earnings and revenue compare to its market cap?
GML fundamental statistics
Market CapAU$34.27m
Earnings (TTM)-AU$1.59m
Revenue (TTM)AU$50.00k

900.0x

P/S Ratio

-21.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GML income statement (TTM)
RevenueAU$50.00k
Cost of RevenueAU$0
Gross ProfitAU$50.00k
ExpensesAU$1.64m
Earnings-AU$1.59m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00083
Gross Margin100.00%
Net Profit Margin-3,180.14%
Debt/Equity Ratio0%

How did GML perform over the long term?

See historical performance and comparison

Valuation

Is Gateway Mining undervalued compared to its fair value and its price relative to the market?

1.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GML is good value based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Gateway Mining 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 Gateway Mining 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 Gateway Mining performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GML is currently unprofitable.

Growing Profit Margin: GML is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GML is unprofitable, but has reduced losses over the past 5 years at a rate of 33.9% per year.

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

Earnings vs Industry: GML 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: GML has a negative Return on Equity (-8.02%), as it is currently unprofitable.


Financial Health

How is Gateway Mining's financial position?


Financial Position Analysis

Short Term Liabilities: GML's short term assets (A$3.7M) exceed its short term liabilities (A$740.0K).

Long Term Liabilities: GML's short term assets (A$3.7M) exceed its long term liabilities (A$95.7K).


Debt to Equity History and Analysis

Debt Level: GML is debt free.

Reducing Debt: GML 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: GML has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GML has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.5% each year


Dividend

What is Gateway Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.8yrs

Average board tenure


CEO

Mark Cossom

0.67

Tenure

AU$313,759

Compensation

Mr. Mark Cossom, BSc. (Applied Geology) (Hons), MSc. (Mineral Economics), MAusIMM, serves as an Independent Non-Executive Director at Strickland Metals Limited since May 10, 2021. He serves as Managing Dir...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD235.20K) is about average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: GML's board of directors are not considered experienced ( 2.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gateway Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Gateway Mining Limited
  • Ticker: GML
  • Exchange: ASX
  • Founded: 1957
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$34.265m
  • Shares outstanding: 1.90b
  • Website: https://www.gatewaymining.com.au

Number of Employees


Location

  • Gateway Mining Limited
  • 52 Phillip Street
  • Level 11
  • Sydney
  • New South Wales
  • 2000
  • 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 07:01
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.