Gateway Mining Limited primarily explores for gold and base metal properties in Western Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.018|
|52 Week High||AU$0.014|
|52 Week Low||AU$0.037|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-10.00%|
|3 Year Change||20.00%|
|5 Year Change||12.50%|
|Change since IPO||-50.00%|
Recent News & Updates
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...
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...
|GML||AU Metals and Mining||AU Market|
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.
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
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
|GML fundamental statistics|
Is GML overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GML income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00083|
|Net Profit Margin||-3,180.14%|
How did GML perform over the long term?See historical performance and comparison
Is Gateway Mining undervalued compared to its fair value and its price relative to the market?
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).
How is Gateway Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Gateway Mining performed over the past 5 years?
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.
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$95.7K).
Debt to Equity History and Analysis
Debt Level: GML is debt free.
Reducing Debt: GML had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GML has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GML has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.5% each year
What is Gateway Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GML's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GML's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GML's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GML's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Mark Cossom, BSc. (Applied Geology) (Hons), MSc. (Mineral Economics), MAusIMM, serves as an Independent Non-Executive Director at Strickland Metals Limited since May 10, 2021. He serves as Managing Dir...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($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.
Experienced Board: GML's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gateway Mining Limited's employee growth, exchange listings and data sources
- 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
- Gateway Mining Limited
- 52 Phillip Street
- Level 11
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:01|
|End of Day Share Price||2021/10/26 00:00|
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.