Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.015|
|52 Week High||AU$0.006|
|52 Week Low||AU$0.079|
|1 Month Change||7.14%|
|3 Month Change||-9.09%|
|1 Year Change||87.50%|
|3 Year Change||275.00%|
|5 Year Change||200.00%|
|Change since IPO||-95.00%|
Recent News & Updates
We Think Legacy Iron Ore (ASX:LCY) Can Afford To Drive Business Growth
We can readily understand why investors are attracted to unprofitable companies. By way of example, Legacy Iron Ore...
We're Not Worried About Legacy Iron Ore's (ASX:LCY) Cash Burn
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
|LCY||AU Metals and Mining||AU Market|
Return vs Industry: LCY exceeded the Australian Metals and Mining industry which returned 13.3% over the past year.
Return vs Market: LCY exceeded the Australian Market which returned 20.3% over the past year.
Stable Share Price: LCY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: LCY's weekly volatility has decreased from 34% to 11% over the past year.
About the Company
Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It primarily explores for iron, gold, base metals, tungsten, and manganese, as well as rare earth metals. The company’s projects include the Mt Bevan iron ore project, and pilbara iron ore and manganese projects located in Western Australia; the South Laverton gold project covering an area of 460 square kilometers located in the South Laverton region; and the East Kimberley project comprising three exploration licenses located in the Halls Creek area.
Legacy Iron Ore Fundamentals Summary
|LCY fundamental statistics|
Is LCY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LCY income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00011|
|Net Profit Margin||-215.85%|
How did LCY perform over the long term?See historical performance and comparison
Is Legacy Iron Ore undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LCY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LCY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LCY is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: LCY 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 LCY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LCY is overvalued based on its PB Ratio (4x) compared to the AU Metals and Mining industry average (2.5x).
How is Legacy Iron Ore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Legacy Iron Ore 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.
How has Legacy Iron Ore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LCY is currently unprofitable.
Growing Profit Margin: LCY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LCY is unprofitable, but has reduced losses over the past 5 years at a rate of 11.7% per year.
Accelerating Growth: Unable to compare LCY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LCY 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: LCY has a negative Return on Equity (-2.9%), as it is currently unprofitable.
How is Legacy Iron Ore's financial position?
Financial Position Analysis
Short Term Liabilities: LCY's short term assets (A$10.5M) exceed its short term liabilities (A$273.6K).
Long Term Liabilities: LCY's short term assets (A$10.5M) exceed its long term liabilities (A$48.9K).
Debt to Equity History and Analysis
Debt Level: LCY is debt free.
Reducing Debt: LCY has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LCY has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: LCY has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 5.5% each year.
What is Legacy Iron Ore current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LCY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LCY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LCY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LCY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LCY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Rakesh Gupta has been Chief Executive Officer of Legacy Iron Ore Ltd. since January 22, 2015. Mr. Gupta is an experienced mining engineer with a high level of engineering and project management skills...
CEO Compensation Analysis
Compensation vs Market: Rakesh's total compensation ($USD221.40K) is about average for companies of similar size in the Australian market ($USD301.95K).
Compensation vs Earnings: Rakesh's compensation has increased whilst the company is unprofitable.
Experienced Management: LCY's management team is seasoned and experienced (6.8 years average tenure).
Experienced Board: LCY's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LCY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Legacy Iron Ore Limited's employee growth, exchange listings and data sources
- Name: Legacy Iron Ore Limited
- Ticker: LCY
- Exchange: ASX
- Founded: 2007
- Industry: Steel
- Sector: Materials
- Market Cap: AU$99.273m
- Shares outstanding: 6.40b
- Website: https://www.legacyiron.com.au
- Legacy Iron Ore Limited
- 200 Adelaide Terrace
- Level 6
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 07:03|
|End of Day Share Price||2021/10/19 00:00|
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.