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HGO

Hillgrove ResourcesASX:HGO Stock Report

Market Cap

AU$63.2m

7D

5.7%

1Y

43.6%

Updated

19 Oct, 2021

Data

Company Financials
HGO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

HGO Overview

Hillgrove Resources Limited operates as a mining company in Australia.

Hillgrove Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hillgrove Resources
Historical stock prices
Current Share PriceAU$0.056
52 Week HighAU$0.031
52 Week LowAU$0.10
Beta1.17
1 Month Change-5.09%
3 Month Change12.00%
1 Year Change43.59%
3 Year Change-40.43%
5 Year Change-6.67%
Change since IPO-99.94%

Recent News & Updates

Sep 13
Is Hillgrove Resources (ASX:HGO) In A Good Position To Deliver On Growth Plans?

Is Hillgrove Resources (ASX:HGO) In A Good Position To Deliver On Growth Plans?

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...

Shareholder Returns

HGOAU Metals and MiningAU Market
7D5.7%3.9%1.7%
1Y43.6%13.3%20.3%

Return vs Industry: HGO exceeded the Australian Metals and Mining industry which returned 13.3% over the past year.

Return vs Market: HGO exceeded the Australian Market which returned 20.3% over the past year.

Price Volatility

Is HGO's price volatile compared to industry and market?
HGO volatility
HGO Beta1.17
Industry Beta0.97
Market Beta1

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

Volatility Over Time: HGO's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19529Lachlan Wallacehttps://www.hillgroveresources.com.au

Hillgrove Resources Limited operates as a mining company in Australia. The company explores for copper, gold, and silver deposits. Its flagship project is 100% owned Kanmantoo Copper mine located approximately 55km from Adelaide, South Australia.

Hillgrove Resources Fundamentals Summary

How do Hillgrove Resources's earnings and revenue compare to its market cap?
HGO fundamental statistics
Market CapAU$63.24m
Earnings (TTM)-AU$5.34m
Revenue (TTM)n/a

-800.0x

P/S Ratio

-11.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HGO income statement (TTM)
Revenue-AU$87.00k
Cost of RevenueAU$2.81m
Gross Profit-AU$2.90m
ExpensesAU$2.44m
Earnings-AU$5.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0047
Gross Margin3,334.48%
Net Profit Margin6,141.38%
Debt/Equity Ratio0.0%

How did HGO perform over the long term?

See historical performance and comparison

Valuation

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

2.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: HGO is good value based on its PB Ratio (2.2x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Hillgrove 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 Hillgrove 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 Hillgrove Resources performed over the past 5 years?

65.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HGO is currently unprofitable.

Growing Profit Margin: HGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HGO is unprofitable, but has reduced losses over the past 5 years at a rate of 65.2% per year.

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

Earnings vs Industry: HGO 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: HGO has a negative Return on Equity (-18.34%), as it is currently unprofitable.


Financial Health

How is Hillgrove Resources's financial position?


Financial Position Analysis

Short Term Liabilities: HGO's short term assets (A$7.2M) exceed its short term liabilities (A$3.8M).

Long Term Liabilities: HGO's short term assets (A$7.2M) do not cover its long term liabilities (A$9.2M).


Debt to Equity History and Analysis

Debt Level: HGO is debt free.

Reducing Debt: HGO has no debt compared to 5 years ago when its debt to equity ratio was 83.7%.


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

Forecast Cash Runway: HGO has less than a year of cash runway if free cash flow continues to grow at historical rates of 23% each year.


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HGO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HGO is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HGO'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?

2.4yrs

Average board tenure


CEO

Lachlan Wallace

2.42yrs

Tenure

AU$743,386

Compensation

Mr. Lachlan A. Wallace has been Chief Executive Officer and Managing Director at Hillgrove Resources Limited since May 24, 2019. Mr. Wallace served as Interim Chief Executive officer of Hillgrove Resources...


CEO Compensation Analysis

Compensation vs Market: Lachlan's total compensation ($USD550.94K) is above average for companies of similar size in the Australian market ($USD301.95K).

Compensation vs Earnings: Lachlan's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: HGO's board of directors are not considered experienced ( 2.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 92.8%.


Top Shareholders

Company Information

Hillgrove Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hillgrove Resources Limited
  • Ticker: HGO
  • Exchange: ASX
  • Founded: 1952
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$63.240m
  • Shares outstanding: 1.13b
  • Website: https://www.hillgroveresources.com.au

Number of Employees


Location

  • Hillgrove Resources Limited
  • 5-7 King William Road
  • Ground Floor
  • Unley
  • South Australia
  • 5061
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 07:02
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.