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GOR

Gold Road ResourcesASX:GOR Stock Report

Last Price

AU$1.45

Market Cap

AU$1.3b

7D

0.3%

1Y

19.4%

Updated

17 Jan, 2022

Data

Company Financials +
GOR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends0/6

GOR Stock Overview

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia.

Gold Road Resources Competitors

Newcrest Mining

ASX:NCM

AU$19.9b

De Grey Mining

ASX:DEG

AU$1.9b

Perseus Mining

ASX:PRU

AU$1.8b

Silver Lake Resources

ASX:SLR

AU$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Gold Road Resources
Historical stock prices
Current Share PriceAU$1.45
52 Week HighAU$1.67
52 Week LowAU$1.04
Beta0.35
1 Month Change-4.62%
3 Month Change8.24%
1 Year Change19.42%
3 Year Change112.50%
5 Year Change144.92%
Change since IPO572.09%

Recent News & Updates

Shareholder Returns

GORAU Metals and MiningAU Market
7D0.3%2.5%0.5%
1Y19.4%9.1%10.3%

Return vs Industry: GOR exceeded the Australian Metals and Mining industry which returned 9% over the past year.

Return vs Market: GOR exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is GOR's price volatile compared to industry and market?
GOR volatility
GOR Average Weekly Movement4.7%
Metals and Mining Industry Average Movement10.6%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: GOR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GOR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200469Duncan Gibbshttps://www.goldroad.com.au

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. The company primarily explores for gold deposits. The company owns 50% of the Gruyere gold mine, which was developed in joint venture (JV) with Gold Fields Ltd.

Gold Road Resources Fundamentals Summary

How do Gold Road Resources's earnings and revenue compare to its market cap?
GOR fundamental statistics
Market CapAU$1.27b
Earnings (TTM)AU$76.56m
Revenue (TTM)AU$289.16m

16.6x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOR income statement (TTM)
RevenueAU$289.16m
Cost of RevenueAU$162.06m
Gross ProfitAU$127.10m
ExpensesAU$50.55m
EarningsAU$76.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.087
Gross Margin43.96%
Net Profit Margin26.47%
Debt/Equity Ratio0%

How did GOR perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

23%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GOR (A$1.45) is trading below our estimate of fair value (A$4.1)

Significantly Below Fair Value: GOR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GOR is good value based on its PE Ratio (16.6x) compared to the Australian Metals and Mining industry average (16.8x).

PE vs Market: GOR is good value based on its PE Ratio (16.6x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: GOR is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: GOR is overvalued based on its PB Ratio (3x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

How is Gold Road Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOR's forecast earnings growth (26.3% per year) is above the savings rate (1.9%).

Earnings vs Market: GOR's earnings (26.3% per year) are forecast to grow faster than the Australian market (11.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GOR's revenue (15.3% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: GOR's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GOR's Return on Equity is forecast to be low in 3 years time (20%).


Past Performance

How has Gold Road Resources performed over the past 5 years?

-26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOR has high quality earnings.

Growing Profit Margin: GOR's current net profit margins (26.5%) are higher than last year (16.9%).


Past Earnings Growth Analysis

Earnings Trend: GOR has become profitable over the past 5 years, growing earnings by -26.6% per year.

Accelerating Growth: GOR's earnings growth over the past year (114.5%) exceeds its 5-year average (-26.6% per year).

Earnings vs Industry: GOR earnings growth over the past year (114.5%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: GOR's Return on Equity (17.9%) is considered low.


Financial Health

How is Gold Road Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GOR's short term assets (A$157.8M) exceed its short term liabilities (A$51.6M).

Long Term Liabilities: GOR's short term assets (A$157.8M) exceed its long term liabilities (A$150.0M).


Debt to Equity History and Analysis

Debt Level: GOR is debt free.

Reducing Debt: GOR had no debt 5 years ago.

Debt Coverage: GOR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GOR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOR's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: GOR's dividend (0.69%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: GOR is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: GOR is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: GOR is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOR'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?

3.8yrs

Average management tenure


CEO

Duncan Gibbs

3.33yrs

Tenure

AU$1,266,950

Compensation

Mr. Duncan Gibbs has been Managing Director & CEO at Gold Road Resources Ltd. since September 17, 2018 and has been its Director since September 2018. Mr. Gibbs has been Sunrise Dam General Manager of Angl...


CEO Compensation Analysis

Compensation vs Market: Duncan's total compensation ($USD915.36K) is about average for companies of similar size in the Australian market ($USD934.40K).

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


Leadership Team

Experienced Management: GOR's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: GOR's board of directors are considered experienced (3.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Gold Road Resources Limited
  • Ticker: GOR
  • Exchange: ASX
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$1.274b
  • Shares outstanding: 881.92m
  • Website: https://www.goldroad.com.au

Number of Employees


Location

  • Gold Road Resources Limited
  • 26 Colin Street
  • Level 2
  • 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 Analysis2022/01/17 16:28
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.