company background image
GTE

Great Western ExplorationASX:GTE Stock Report

Market Cap

AU$29.3m

7D

-10.9%

1Y

-18.0%

Updated

01 Dec, 2021

Data

Company Financials
GTE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

GTE Stock Overview

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

Great Western Exploration Competitors

Musgrave Minerals

ASX:MGV

AU$180.0m

Antipa Minerals

ASX:AZY

AU$179.0m

Duketon Mining

ASX:DKM

AU$40.8m

Greenstone Resources

ASX:GSR

AU$22.6m

Price History & Performance

Summary of all time highs, changes and price drops for Great Western Exploration
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.33
52 Week LowAU$0.10
Beta0.67
1 Month Change-18.00%
3 Month Change-6.82%
1 Year Change-18.00%
3 Year Change-51.19%
5 Year Change-75.60%
Change since IPO-98.77%

Recent News & Updates

Sep 27
We're Not Very Worried About Great Western Exploration's (ASX:GTE) Cash Burn Rate

We're Not Very Worried About Great Western Exploration's (ASX:GTE) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

GTEAU Metals and MiningAU Market
7D-10.9%0.4%-1.9%
1Y-18.0%10.3%11.7%

Return vs Industry: GTE underperformed the Australian Metals and Mining industry which returned 10.3% over the past year.

Return vs Market: GTE underperformed the Australian Market which returned 11.7% over the past year.

Price Volatility

Is GTE's price volatile compared to industry and market?
GTE volatility
GTE Average Weekly Movement11.6%
Metals and Mining Industry Average Movement10.4%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.9%
10% least volatile stocks in AU Market3.6%

Stable Share Price: GTE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: GTE's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aTom Ridgeshttps://greatwesternexploration.com.au

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 segments. The company primarily explores for gold, copper, cobalt, lead, zinc, nickel, and base metals.

Great Western Exploration Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
GTE income statement (TTM)
RevenueAU$81.00k
Cost of RevenueAU$0
Gross ProfitAU$81.00k
ExpensesAU$2.34m
Earnings-AU$2.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.017
Gross Margin100.00%
Net Profit Margin-2,794.05%
Debt/Equity Ratio0.0%

How did GTE perform over the long term?

See historical performance and comparison

Valuation

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

1.77x

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 Australian 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 (1.8x) compared to the AU Metals and Mining industry average (1.9x).


Future Growth

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

1.0%

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.


Past Performance

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

-4.2%

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, and losses have increased over the past 5 years at a rate of 4.2% 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 (35.3%).


Return on Equity

High ROE: GTE has a negative Return on Equity (-14.36%), as it is currently unprofitable.


Financial Health

How is Great Western Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GTE's short term assets (A$5.4M) exceed its short term liabilities (A$223.2K).

Long Term Liabilities: GTE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTE is debt free.

Reducing Debt: GTE had no debt 5 years ago.


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 more than a year based on its current free cash flow.

Forecast Cash Runway: GTE has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 14.3% each year.


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?

1.4yrs

Average management tenure


CEO

Tom Ridges

1.08yrs

Tenure

AU$754,183

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD535.11K) is above average for companies of similar size in the Australian market ($USD290.39K).

Compensation vs Earnings: Insufficient data to compare Tom's compensation with company performance.


Leadership Team

Experienced Management: GTE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: GTE's board of directors are not considered experienced ( 1.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.2%.


Top Shareholders

Company Information

Great Western Exploration Limited's 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$29.283m
  • Shares outstanding: 136.20m
  • Website: https://greatwesternexploration.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 07:02
End of Day Share Price2021/12/01 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.