Executive Summary
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. More Details
Rewards
Risk Analysis
GOR passed our risk checks.
Snowflake Analysis
Adequate balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Gold Road Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GOR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GOR's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-3.5%
GOR
-0.08%
AU Metals and Mining
1.2%
AU Market
1 Year Return
-10.5%
GOR
22.8%
AU Metals and Mining
-1.3%
AU Market
Return vs Industry: GOR underperformed the Australian Metals and Mining industry which returned 22.8% over the past year.
Return vs Market: GOR underperformed the Australian Market which returned -1.3% over the past year.
Shareholder returns
| GOR | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -0.08% | 1.2% |
| 30 Day | -8.2% | 5.5% | 1.7% |
| 90 Day | -12.1% | 20.5% | 10.1% |
| 1 Year | -10.5%-10.5% | 29.5%22.8% | 2.0%-1.3% |
| 3 Year | 49.1%49.1% | 71.3%47.4% | 26.1%10.6% |
| 5 Year | 223.0%219.5% | 279.6%210.8% | 67.5%33.8% |
Long-Term Price Volatility Vs. Market
How volatile is Gold Road Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Gold Road Resources Limited (ASX:GOR) Shares Could Be 40% Below Their Intrinsic Value Estimate3 weeks ago | Simply Wall St
These 4 Measures Indicate That Gold Road Resources (ASX:GOR) Is Using Debt Reasonably Well1 month ago | Simply Wall St
Are Institutions Heavily Invested In Gold Road Resources Limited's (ASX:GOR) Shares?Valuation
Is Gold Road Resources undervalued compared to its fair value and its price relative to the market?
37.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOR (A$1.23) is trading below our estimate of fair value (A$1.97)
Significantly Below Fair Value: GOR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GOR is poor value based on its PE Ratio (30.5x) compared to the AU Metals and Mining industry average (13.4x).
PE vs Market: GOR is poor value based on its PE Ratio (30.5x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: GOR is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: GOR's PB Ratio (2.9x) is in line with the AU Metals and Mining industry average.
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Future Growth
How is Gold Road Resources forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
7.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOR's forecast earnings growth (7.3% per year) is above the savings rate (2%).
Earnings vs Market: GOR's earnings (7.3% per year) are forecast to grow slower than the Australian market (18.1% per year).
High Growth Earnings: GOR's earnings are forecast to grow, but not significantly.
Revenue vs Market: GOR's revenue (9.1% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: GOR's revenue (9.1% 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 (14.3%).
Next Steps
Past Performance
How has Gold Road Resources performed over the past 5 years?
-20.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOR has high quality earnings.
Growing Profit Margin: GOR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GOR has become profitable over the past 5 years, growing earnings by -20.6% per year.
Accelerating Growth: GOR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GOR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).
Return on Equity
High ROE: GOR's Return on Equity (9.7%) is considered low.
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Financial Health
How is Gold Road Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GOR's short term assets (A$101.6M) exceed its short term liabilities (A$48.7M).
Long Term Liabilities: GOR's short term assets (A$101.6M) do not cover its long term liabilities (A$173.7M).
Debt to Equity History and Analysis
Debt Level: GOR's debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GOR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GOR's debt is well covered by operating cash flow (448.3%).
Interest Coverage: GOR's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
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Dividend
What is Gold Road Resources's current dividend yield, its reliability and sustainability?
2.51%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GOR'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 GOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GOR'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 GOR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Duncan Gibbs
2.33yrs
Tenure
AU$1,206,891
Compensation
Mr. Duncan Gibbs has been Managing Director & CEO at Gold Road Resources Ltd. since September 17, 2018 and has been its Director since September 2018. Mr. Gibbs has been Sunrise Dam General Manager of Angl...
CEO Compensation Analysis
Compensation vs Market: Duncan's total compensation ($USD928.73K) is about average for companies of similar size in the Australian market ($USD929.57K).
Compensation vs Earnings: Duncan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 2.33yrs | AU$1.21m | 0.056% A$ 591.1k | |
| General Manager of Finance | 3yrs | no data | no data | |
| Manager of Corporate Development & Investor Relations | 2.58yrs | no data | no data | |
| Joint Company Secretary and GM of Corporate Development & Legal | 3.92yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Management: GOR's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 2.33yrs | AU$1.21m | 0.056% A$ 591.1k | |
| Independent Non-Executive Chairman | 4.5yrs | AU$158.00k | 0.089% A$ 947.5k | |
| Independent Non-Executive Director | 4.67yrs | AU$100.00k | 0.011% A$ 118.6k | |
| Independent Non-Executive Director | 3.42yrs | AU$100.00k | 0.027% A$ 290.4k | |
| Independent Non-Executive Director | 0.58yr | no data | 0.0023% A$ 24.8k | |
| Exploration Director of Discovery & Growth and Director | 6yrs | AU$824.87k | 0.36% A$ 3.9m |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Board: GOR's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GOR 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gold Road Resources Limited
- Ticker: GOR
- Exchange: ASX
- Founded: 2004
- Industry: Gold
- Sector: Materials
- Market Cap: AU$1.064b
- Shares outstanding: 879.71m
- Website: https://www.goldroad.com.au
Location
- Gold Road Resources Limited
- 26 Colin Street
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GOR | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jul 2006 |
| E6Q | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2006 |
| ELKM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2006 |
| GOR | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jul 2006 |
Biography
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 com...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 07:05 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.