ASX:GTE

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Great Western Exploration

Executive Summary

Great Western Exploration Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Great Western Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GTE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GTE's weekly volatility has decreased from 44% to 11% over the past year.


Market Performance


7 Day Return

4.2%

GTE

-0.08%

AU Metals and Mining

1.2%

AU Market


1 Year Return

38.9%

GTE

22.8%

AU Metals and Mining

-1.3%

AU Market

Return vs Industry: GTE exceeded the Australian Metals and Mining industry which returned 22.8% over the past year.

Return vs Market: GTE exceeded the Australian Market which returned -1.3% over the past year.


Shareholder returns

GTEIndustryMarket
7 Day4.2%-0.08%1.2%
30 Day16.3%5.5%1.7%
90 Day-3.8%20.5%10.1%
1 Year249.0%38.9%29.5%22.8%2.0%-1.3%
3 Year-56.4%-82.6%71.3%47.4%26.1%10.6%
5 Year-54.5%-81.9%279.6%210.8%67.5%33.8%

Long-Term Price Volatility Vs. Market

How volatile is Great Western Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Great Western Exploration undervalued compared to its fair value and its price relative to the market?

1.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GTE is good value based on its PB Ratio (1.1x) compared to the AU Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is Great Western Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.6%

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 Great Western Exploration 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.


Next Steps

Past Performance

How has Great Western Exploration performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTE is currently unprofitable.

Growing Profit Margin: GTE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GTE is unprofitable, but has reduced losses over the past 5 years at a rate of 20.8% per year.

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

Earnings vs Industry: GTE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: GTE has a negative Return on Equity (-19.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Great Western Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GTE's short term assets (A$218.2K) do not cover its short term liabilities (A$294.9K).

Long Term Liabilities: GTE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTE is debt free.

Reducing Debt: GTE has no debt compared to 5 years ago when its debt to equity ratio was 0.08%.


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: GTE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GTE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Great Western Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.6yrs

Average management tenure


CEO

Tom Ridges

0.25

Tenure

Mr. Thomas Ridges, also known as Tom, has been Managing Director and Director of Great Western Exploration Limited since October 12, 2020. He held the role of Exploration Manager at Mineral Resources Limit...


Leadership Team

NamePositionTenureCompensationOwnership
Jordan Luckett
Technical Director & Geology Manager0.92yrAU$43.74k0.52%
A$ 151.8k
Thomas Ridges
MD & Director0.25yrno datano data
Anthony Walsh
Company Secretary0.58yrno datano data

0.6yrs

Average Tenure

Experienced Management: GTE's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Ridges
MD & Director0.25yrno datano data
Kevin Somes
Non-Executive Chairman7.25yrsAU$25.09k2.3%
A$ 669.0k
Grey Egerton-Warburton
Non-Executive Director0.58yrno datano data
Ross Williams
Non-Executive Director0.58yrno data0.016%
A$ 4.7k

0.6yrs

Average Tenure

Experienced Board: GTE's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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 456.5%.


Top Shareholders

Company Information

Great Western Exploration Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Great Western Exploration Limited
  • Ticker: GTE
  • Exchange: ASX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$29.050m
  • Shares outstanding: 116.20m
  • Website: https://greatwesternexploration.com.au

Location

  • Great Western Exploration Limited
  • 160 St Georges Terrace
  • Level 2
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2007
W5CDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007

Biography

Great Western Exploration Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. It operates through Mineral Exploration, and Finance and Administration seg...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 07:05
End of Day Share Price2021/01/20 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.