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
| GTE | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | -0.08% | 1.2% |
| 30 Day | 16.3% | 5.5% | 1.7% |
| 90 Day | -3.8% | 20.5% | 10.1% |
| 1 Year | 249.0%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
2 months ago | Simply Wall St
Have Insiders Been Buying Great Western Exploration Limited (ASX:GTE) Shares?4 months ago | Simply Wall St
Great Western Exploration (ASX:GTE) Shareholders Received A Total Return Of Negative 36% In The Last Three Years7 months ago | Simply Wall St
Should You Take Comfort From Insider Transactions At Great Western Exploration Limited (ASX:GTE)?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
- Examine Great Western Exploration's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Great Western Exploration competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Technical Director & Geology Manager | 0.92yr | AU$43.74k | 0.52% A$ 151.8k | |
| MD & Director | 0.25yr | no data | no data | |
| Company Secretary | 0.58yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 0.25yr | no data | no data | |
| Non-Executive Chairman | 7.25yrs | AU$25.09k | 2.3% A$ 669.0k | |
| Non-Executive Director | 0.58yr | no data | no data | |
| Non-Executive Director | 0.58yr | no data | 0.016% 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GTE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2007 |
| W5C | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 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
| 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 | 2020/06/30 |
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.