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GW1

Greenwing ResourcesASX:GW1 Stock Report

Market Cap

AU$31.2m

7D

0%

1Y

86.7%

Updated

16 Oct, 2021

Data

Company Financials
GW1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

GW1 Overview

Greenwing Resources Ltd engages in the production and sale of industrial mineral concentrates.

Price History & Performance

Summary of all time highs, changes and price drops for Greenwing Resources
Historical stock prices
Current Share PriceAU$0.28
52 Week HighAU$0.10
52 Week LowAU$0.70
Beta1.86
1 Month Change-15.15%
3 Month Change1.82%
1 Year Change86.67%
3 Year Change-74.54%
5 Year Change-65.52%
Change since IPO-93.72%

Recent News & Updates

Jun 22
Is Bass Metals (ASX:BSM) Using Too Much Debt?

Is Bass Metals (ASX:BSM) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

GW1AU Metals and MiningAU Market
7D0%4.3%0.9%
1Y86.7%12.2%20.2%

Return vs Industry: GW1 exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: GW1 exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is GW1's price volatile compared to industry and market?
GW1 volatility
GW1 Beta1.86
Industry Beta0.97
Market Beta1

Stable Share Price: GW1 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: GW1's weekly volatility has decreased from 23% to 13% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2004n/aTim McManushttps://www.greenwingresources.com

Greenwing Resources Ltd engages in the production and sale of industrial mineral concentrates. It holds 100% interests in the Graphmada Large Flake Graphite mine located in eastern Madagascar; the San Jorge lithium brine project that includes 15 granted exploration licenses covering an area of approximately 36,000 hectares located in Argentina; and the Millie Reward project located in central Madagascar. The company was formerly known as Bass Metals Limited and changed its name to Greenwing Resources Ltd in July 2021.

Greenwing Resources Fundamentals Summary

How do Greenwing Resources's earnings and revenue compare to its market cap?
GW1 fundamental statistics
Market CapAU$31.24m
Earnings (TTM)-AU$6.18m
Revenue (TTM)AU$19.14k

1.6kx

P/S Ratio

-5.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GW1 income statement (TTM)
RevenueAU$19.14k
Cost of RevenueAU$99.66k
Gross Profit-AU$80.52k
ExpensesAU$6.10m
Earnings-AU$6.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.055
Gross Margin-420.62%
Net Profit Margin-32,302.31%
Debt/Equity Ratio104.7%

How did GW1 perform over the long term?

See historical performance and comparison

Valuation

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

7.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GW1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GW1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GW1 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: GW1 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 GW1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GW1 is overvalued based on its PB Ratio (7.5x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Greenwing Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

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 Greenwing Resources 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 Greenwing Resources performed over the past 5 years?

-14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GW1 is currently unprofitable.

Growing Profit Margin: GW1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GW1 is unprofitable, and losses have increased over the past 5 years at a rate of 14.7% per year.

Accelerating Growth: Unable to compare GW1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GW1 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: GW1 has a negative Return on Equity (-149.23%), as it is currently unprofitable.


Financial Health

How is Greenwing Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GW1's short term assets (A$1.8M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: GW1's short term assets (A$1.8M) do not cover its long term liabilities (A$4.6M).


Debt to Equity History and Analysis

Debt Level: GW1's debt to equity ratio (104.7%) is considered high.

Reducing Debt: GW1's debt to equity ratio has increased from 13.1% to 104.7% over the past 5 years.


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: GW1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GW1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.2% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GW1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GW1'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 GW1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GW1'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 GW1'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?

5.7yrs

Average board tenure


CEO

Tim McManus

5.25yrs

Tenure

AU$270,328

Compensation

Mr. Tim McManus, B.Sc., MBA, AusIMM (CP), has been the Chief Executive Officer at Greenwing Resources Ltd (formerly, Bass Metals Limited) since July 7, 2016. Mr. McManus served as the Chief Executive Offic...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD200.64K) is below average for companies of similar size in the Australian market ($USD302.45K).

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


Board Members

Experienced Board: GW1's board of directors are considered experienced (5.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42%.


Top Shareholders

Company Information

Greenwing Resources Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Greenwing Resources Ltd
  • Ticker: GW1
  • Exchange: ASX
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$31.240m
  • Shares outstanding: 111.57m
  • Website: https://www.greenwingresources.com

Location

  • Greenwing Resources Ltd
  • Matisse Tower
  • Level 21
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:03
End of Day Share Price2021/10/15 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.