ASX:GOR

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Gold Road Resources

Executive Summary

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


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.1%

GOR

-2.4%

AU Metals and Mining

-1.4%

AU Market


1 Year Return

22.5%

GOR

11.6%

AU Metals and Mining

-7.1%

AU Market

Return vs Industry: GOR exceeded the Australian Metals and Mining industry which returned 13.1% over the past year.

Return vs Market: GOR exceeded the Australian Market which returned -6.9% over the past year.


Shareholder returns

GORIndustryMarket
7 Day-6.1%-2.4%-1.4%
30 Day-5.4%-0.2%3.4%
90 Day-27.6%-3.7%3.8%
1 Year22.5%22.5%17.5%11.6%-3.7%-7.1%
3 Year105.9%105.9%57.4%35.2%16.9%2.1%
5 Year242.8%239.0%144.0%96.2%46.0%15.6%

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

Valuation

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

26.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GOR (A$1.39) is trading below our estimate of fair value (A$1.89)

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 (34.5x) compared to the AU Metals and Mining industry average (11.7x).

PE vs Market: GOR is poor value based on its PE Ratio (34.5x) compared to the Australian market (21.5x).


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 is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.6x).


Next Steps

Future Growth

How is Gold Road Resources forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOR's forecast earnings growth (8.2% per year) is above the savings rate (2.3%).

Earnings vs Market: GOR's earnings (8.2% per year) are forecast to grow slower than the Australian market (17.7% per year).

High Growth Earnings: GOR's earnings are forecast to grow, but not significantly.

Revenue vs Market: GOR's revenue (7.5% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: GOR's revenue (7.5% 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 (14.8%).


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 (22.2%).


Return on Equity

High ROE: GOR's Return on Equity (9.7%) is considered low.


Next Steps

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


Next Steps

Dividend

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

1.83%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Duncan Gibbs

2.08yrs

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 ($USD858.33K) is about average for companies of similar size in the Australian market ($USD945.32K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Duncan Gibbs
MD, CEO & Director2.08yrsAU$1.21m0.056%
A$ 676.6k
Tony Muir
General Manager of Finance2.75yrsno datano data
Duncan Hughes
Manager of Corporate Development & Investor Relations2.33yrsno datano data
Hayden Bartrop
Joint Company Secretary and GM of Corporate Development & Legal3.67yrsno datano data

2.5yrs

Average Tenure

Experienced Management: GOR's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Duncan Gibbs
MD, CEO & Director2.08yrsAU$1.21m0.056%
A$ 676.6k
Timothy Netscher
Independent Non-Executive Chairman4.25yrsAU$158.00k0.089%
A$ 1.1m
Sharon Warburton
Independent Non-Executive Director4.42yrsAU$100.00k0.010%
A$ 124.6k
Brian Levet
Independent Non-Executive Director3.17yrsAU$100.00k0.025%
A$ 304.7k
Maree Arnason
Independent Non-Executive Director0.33yrno data0.0015%
A$ 18.0k
Justin Osborne
Exploration Director of Discovery & Growth and Director5.75yrsAU$824.87k0.36%
A$ 4.4m

3.7yrs

Average Tenure

55yo

Average Age

Experienced Board: GOR's board of directors are considered experienced (3.7 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 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$1.218b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GORASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2006
E6QDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2006
ELKM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2006
GORCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 10:39
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.