company background image
GMR

Golden Rim ResourcesASX:GMR Stock Report

Market Cap

AU$19.8m

7D

-7.7%

1Y

-62.5%

Updated

21 Oct, 2021

Data

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

GMR Overview

Golden Rim Resources Ltd engages in the exploration and development of mineral resource properties.

Price History & Performance

Summary of all time highs, changes and price drops for Golden Rim Resources
Historical stock prices
Current Share PriceAU$0.006
52 Week HighAU$0.006
52 Week LowAU$0.019
Beta0.56
1 Month Change0%
3 Month Change-25.00%
1 Year Change-62.50%
3 Year Change-60.00%
5 Year Change-96.00%
Change since IPO-99.59%

Recent News & Updates

Shareholder Returns

GMRAU Metals and MiningAU Market
7D-7.7%-0.3%0.7%
1Y-62.5%12.5%21.4%

Return vs Industry: GMR underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: GMR underperformed the Australian Market which returned 21.1% over the past year.

Price Volatility

Is GMR's price volatile compared to industry and market?
GMR volatility
GMR Beta0.56
Industry Beta0.97
Market Beta1

Stable Share Price: GMR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: GMR's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1987n/aCraig Mackayhttps://www.goldenrim.com.au

Golden Rim Resources Ltd engages in the exploration and development of mineral resource properties. It primarily explores for gold, silver, zinc, lead, and copper deposits. Its flagship property is the Kouri Gold project covering an area of 325 square kilometers located in Burkina Faso, West Africa.

Golden Rim Resources Fundamentals Summary

How do Golden Rim Resources's earnings and revenue compare to its market cap?
GMR fundamental statistics
Market CapAU$19.77m
Earnings (TTM)-AU$4.31m
Revenue (TTM)n/a

0x

P/S Ratio

-4.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GMR income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$4.31m
Earnings-AU$4.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did GMR perform over the long term?

See historical performance and comparison

Valuation

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

1.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GMR is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Golden Rim 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 Golden Rim Resources performed over the past 5 years?

-10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GMR is currently unprofitable.

Growing Profit Margin: GMR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GMR is unprofitable, and losses have increased over the past 5 years at a rate of 10.3% per year.

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

Earnings vs Industry: GMR 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: GMR has a negative Return on Equity (-36.65%), as it is currently unprofitable.


Financial Health

How is Golden Rim Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GMR's short term assets (A$1.7M) exceed its short term liabilities (A$1.4M).

Long Term Liabilities: GMR's short term assets (A$1.7M) exceed its long term liabilities (A$96.8K).


Debt to Equity History and Analysis

Debt Level: GMR is debt free.

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

Forecast Cash Runway: GMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.8% each year


Dividend

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


Dividend Yield vs Market

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

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

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

0.8yrs

Average management tenure


CEO

Craig Mackay

14.67yrs

Tenure

AU$376,666

Compensation

Mr. Craig Ross Mackay, BApp. Sc-App Geol; B.Sc. (Hons); MSc; MAusIMM, MAICD serves as the Managing Director of Royal Falcon Mining LLC.Mr. Mackay has been the Managing Director of Golden Rim Resources Ltd...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD282.08K) is about average for companies of similar size in the Australian market ($USD303.55K).

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


Leadership Team

Experienced Management: GMR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: GMR's board of directors are considered experienced (4.8 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 substantially diluted in the past year, with total shares outstanding growing by 84.7%.


Top Shareholders

Company Information

Golden Rim Resources Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Rim Resources Ltd
  • Ticker: GMR
  • Exchange: ASX
  • Founded: 1987
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$19.772m
  • Shares outstanding: 3.30b
  • Website: https://www.goldenrim.com.au

Location

  • Golden Rim Resources Ltd
  • Collins Square Tower Five
  • Level 23
  • Melbourne
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:07
End of Day Share Price2021/10/21 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.