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KIN

Kin MiningASX:KIN Stock Report

Market Cap

AU$100.0m

7D

-3.8%

1Y

-39.0%

Updated

17 Oct, 2021

Data

Company Financials
KIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

KIN Overview

Kin Mining NL engages in the development and exploration of gold and base metal properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Kin Mining
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.095
52 Week LowAU$0.23
Beta-0.40
1 Month Change19.05%
3 Month Change-16.67%
1 Year Change-39.02%
3 Year Change62.34%
5 Year Change-50.98%
Change since IPO-54.55%

Recent News & Updates

Sep 17
Here's Why We're A Bit Worried About Kin Mining's (ASX:KIN) Cash Burn Situation

Here's Why We're A Bit Worried About Kin Mining's (ASX:KIN) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

KINAU Metals and MiningAU Market
7D-3.8%4.3%0.9%
1Y-39.0%12.2%20.2%

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

Return vs Market: KIN underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is KIN's price volatile compared to industry and market?
KIN volatility
KIN Beta-0.40
Industry Beta0.97
Market Beta1

Stable Share Price: KIN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: KIN's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aAndrew Muncktonhttps://www.kinmining.com.au

Kin Mining NL engages in the development and exploration of gold and base metal properties in Australia. Its flagship project is the Cardinia Gold Project, which covers an area of approximately 285 square kilometers comprises 139 tenements located in the North-Eastern Goldfields region of Western Australia. The company holds 100% interest in nine project areas comprising Cardinia, Raeside, Randwick, Mt Flora, Murrin Murrin, Redcastle, Desdemona, Iron King Group, and Mt Fouracre.

Kin Mining Fundamentals Summary

How do Kin Mining's earnings and revenue compare to its market cap?
KIN fundamental statistics
Market CapAU$99.95m
Earnings (TTM)-AU$15.41m
Revenue (TTM)n/a

0x

P/S Ratio

-6.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KIN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$15.41m
Earnings-AU$15.41m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.019
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did KIN perform over the long term?

See historical performance and comparison

Valuation

Is Kin Mining undervalued compared to its fair value and its price relative to the market?

6.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: KIN is overvalued based on its PB Ratio (6.7x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.3%

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 Kin Mining 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 Kin Mining performed over the past 5 years?

-12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KIN is currently unprofitable.

Growing Profit Margin: KIN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KIN is unprofitable, and losses have increased over the past 5 years at a rate of 12% per year.

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

Earnings vs Industry: KIN 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: KIN has a negative Return on Equity (-103.78%), as it is currently unprofitable.


Financial Health

How is Kin Mining's financial position?


Financial Position Analysis

Short Term Liabilities: KIN's short term assets (A$7.6M) exceed its short term liabilities (A$1.6M).

Long Term Liabilities: KIN's short term assets (A$7.6M) exceed its long term liabilities (A$1.5M).


Debt to Equity History and Analysis

Debt Level: Insufficient data to calculate KIN's debt to equity ratio to determine if it is satisfactory.

Reducing Debt: Insufficient data to determine if KIN's debt to equity ratio has reduced 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: KIN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KIN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.2% each year


Dividend

What is Kin Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.6yrs

Average management tenure


CEO

Andrew Munckton

3.5yrs

Tenure

AU$471,213

Compensation

Mr. Andrew Timothy Munckton, BSc (Mining Geology), MAusIMM, MAICD, has been the Chief Executive Officer of Kin Mining NL since April 26, 2018 and serves as its Managing Director. Mr. Munckton was the Manag...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD349.75K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

Experienced Management: KIN's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: KIN's board of directors are not considered experienced ( 2.3 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: KIN 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 diluted in the past year, with total shares outstanding growing by 14.2%.


Top Shareholders

Company Information

Kin Mining NL's employee growth, exchange listings and data sources


Key Information

  • Name: Kin Mining NL
  • Ticker: KIN
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$99.954m
  • Shares outstanding: 799.64m
  • Website: https://www.kinmining.com.au

Location

  • Kin Mining NL
  • 342 Scarborough Beach Road
  • First Floor
  • Osborne Park
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:04
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.